Circuit City to close 155 stores in the US : America's second largest consumer electronics chain Circuit City to close 155 stores due to weak sales and diminishing margins.

PM warns about severe and prolonged crisis : Prime Minister Manmohan Singh on Monday warned about a severe and prolonged financial crisis and slowdown in economy due to global credit crisis and economic meltdown.

A month with big plunge in all sectors : October month passed with historical plunge in stocks, crude, gold and other metals, spices, currencies and highest outflow by FIIs.

Why Govt is not willing to reduce oil price ? : Pressure is mounting on Government of India to cut domestic petrol and diesel prices, but Oil Ministry is not ready for a quick cut due to many factors.

Rajanikant's latest venture Enthiran : Superstar Rajanikant's latest venture Enthiran (previously named Robot) is being shot at Goa after completing some song sequences in Peru and USA. Director Shankar plans to keep the role of Rajanikant a suspense.

Microsoft Introduces Windows 7 : Software giant Microsoft unveils the successor of Vista operating system named Windows 7. It is expected to ship the new Windows 7 by mid of 2009.

Sensex down 20% in 1week, 43% in 32 sessions : Bombay Stock Exchange Index Sensex plunged 13% in last two trading sessions, 20.4% in last one week, 34.8% in October and 43% in last 32 trading sessions after 9th September 2008.

Indian markets worst performers : Even markets in the US, where the problem actually started, closed with just 3% loss. Dow Jones lost 3.59% and NASDAQ lost 3.23% in yesterday’s session.

Real estate stocks suffer heavy losses : Realty index plunged 24.39% as investors worried about low sales, decreasing land value and low liquidity.

Alan Greenspan admits mistakes : Former Federal Reserve chairman Alan Greenspan has admitted some mistakes in his assumptions about deregulation.