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May 17, 2012
 
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Europe risks becoming little more than a tourist attraction for wealthy Chinese if it does not reform, luxury goods group Richemont’s chairman and chief executive, Johann Rupert, said on Wednesday.
Telecom Regulatory Authority of India (Trai) has written a strongly-worded letter to the secretary, department of telecommunications (DoT), asking him to reject the demands of GSM telecom service
Ravi Narayan Bastia, the man who discovered the gigantic Krishna Godavari basin D6 field for Reliance Industries, has quit the company.
The market value of stocks listed in markets today plunged by over Rs 77,000 crore with the BSE benchmark Sensex plummeting nearly 300 points amid rupee touching record lows against the US dollar.
World stocks dived today after a failure by Greece\'s political leaders to form a coalition government set the stage for new elections next month, keeping Europe\'s debt crisis center stage.
European shares sank to new 2012 lows on Wednesday in a broad-based sell-off as concern over contagion from Greece gripped investors.
As the rupee hit its record low level of Rs 54.46 against dollar, the finance ministry today said there was no need to panic and the slide would be contained when there is certainty in eurozone
The $2 billion loss by JP Morgan Chase is a failure of risk management, the US treasury secretary Timothy Geithner said, as the FBI launched an investigation into the issue.
Prime Minister Manmohan Singh today assured the Lok Sabha that government will make all efforts to match the four per cent agriculture growth target in the 12th Plan period with the resources at its
As the rupee touched a record low, opposition today questioned the government in the Lok Sabha on the steps being taken to tackle the situation as it feared there could be a repeat of 1991, when India
Unitech Q4 net profit plunges 98%  (16 May 01:09 pm) 
Unitech Ltd, the country\'s third largest real estate developer by market value, today reported 97.79% dip in consolidated net profit at Rs 2.26 crore for the quarter ended March 31, 2012 on lower
The rupee plummeted to a record low of 54.51 against the US dollar on Wednesday, raising questions on whether companies unprepared for this would take a currency risk hit that would affect their
Sensex down, is it time to buy?  (16 May 09:46 am) 
The 30-share benchmark BSE index, Sensex, on Wednesday fell 298 points, or 1.8%, to close at 16,030, its lowest level in over four months. HT reports.
Air India pilots strike entered its ninth day today with 6 international flights from Delhi and Mumbai cancelled causing inconvenience to passengers, media reports said. Fly first, talks later: Govt
Tata Teleservices on Tuesday said the government should ensure a level-playing field between incumbent telecom service providers and new GSM operators. This will help in the growth of telecom sector
Facebook has raised the price range in Silicon Valley\'s biggest-ever public issue to between $34 and $38 per share in view of strong demand. The company announced this in a filing with the US
Panasonic aims to double sales  (15 May 09:44 pm) 
Japanese technology major Panasonic is betting on the flat-panel television market to drive its aggressive sales plan over the next year.
Having lost its crown to BMW in 2010 and on the verge of being displaced further by Audi this year, German luxury car maker Mercedes Benz on Tuesday said it will script a turnaround through a gamut of
Falling rupee, rising tensions  (15 May 09:35 pm) 
The rupee closed at a record low of 53.97 to the US dollar on Monday, hammered by global economic concerns, rising domestic prices and falling expectations on interest rate cuts. A look at what it is
Malaysian authorities have assured full cooperation to the CBI in furnishing information related to Aircel-Maxis deal case in which former telecom minister Dayanidhi Maran is named as an accused.
India to cut Iran oil buys by 11%  (15 May 01:29 pm) 
India said on Tuesday it would cut purchases of Iranian oil by 11% following pressure from the United States to join a drive to isolate the Islamic republic over its disputed nuclear programme.
US secretary of state Hillary Clinton leaned on India last week to cut its imports of Iranian oil further, and said Washington may not make a decision on whether to exempt New Delhi from financial
A 40-member business delegation from India will explore business opportunities in information technology, energy, aerospace and defence, telecommunications and mobile during the Indo-American Chamber
Continuing its slide for the sixth straight session, the BSE benchmark Sensex fell further by 93 points in opening trade on Tuesday on continued selling by foreign funds amid concerns over rising
The BSE benchmark sensex recovered nearly 65 points in a mixed late morning trade after hitting 17-week lows in view of buying in capital goods, IT and banking counters despite selling in auto and
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