IBT Staff Reporter

Indian budget carrier IndiGo could confirm an historic $16 billion order for 180 Airbus aircraft at the Paris Air Show on Wednesday, industry sources said.

With Andre Villas-Boas, the new Mourinho, emerging as the front-runner to take the Chelsea managerial hot-seat, it should be asked what he will need to do to succeed at a tricky club like Chelsea.

Summer solstice celebrates a time when the sun reaches its northernmost point in the sky.

R. Kelly, the R&B singer and songwriter, has been sued by his former talent manager for non-payment of dues of nearly $1 million owed to him in commissions.

'Law and Order: Special Victims Unit' is auditioning five new actors to replace the character of Christopher Meloni for its latest season to be aired in Fall 2011.

Microsoft’s cloud-based Windows Azure, is similar to cloud sky in many ways, according to reports of a test at the available production-level features in Microsoft's platform-as-a-service (PaaS) offering, but with some major differences

Stock index futures pointed to a strong open for Wall Street on Tuesday, adding to gains from the previous session, as expectations grew that a solution would be found for Greece to avoid a default.

Nokia Chief Executive Stephen Elop unveiled a new smartphone on Tuesday that uses software the firm plans to ditch, a move analysts said would probably condemn the device to obscurity.

Nokia Chief Executive Stephen Elop unveiled a new smartphone on Tuesday that uses software the firm plans to ditch, a move analysts said would do little to halt the Finnish firm's slide in market share for handsets.

Prime Minister George Papandreou's cabinet faces a confidence vote late on Tuesday, the first of three tests the Greek government must survive to avert the euro zone's first sovereign debt default.

World stocks and the euro rose from last week's three-week lows on Tuesday as expectations that the euro zone will avoid a messy default of Greek sovereign debt attracted investors back into risky assets.

The rash of accounting scandals that has hit U.S.-listed Chinese stocks has not curbed the appetite of private equity and venture capital firms looking for the next set of Chinese Internet stars in the mainland's So-Lo-Mo and luxury e-commerce sectors.

Microsoft’s Mango, a Windows Phone7 update comes with 500 new features joining the likes of iOS and Android, which have become market leaders after flaunting their new capabilities.

Shares of major Chinese lenders China Construction Bank <0939.HK> and Agricultural Bank of China <1288.HK> fell to multi-month lows on Tuesday, hit by potentially souring loans, an economic slowdown and tighter capital requirements.

Foster's Group on Tuesday rejected a A$9.5 billion ($10.1 billion) cash takeover offer from global giant SABMiller as too low, but investors predicted Australia's largest brewer would succumb to a slightly higher offer.

Google Inc has been ordered by city police to suspend its Street View service in the Indian IT hub of Bangalore, the company said on Tuesday, in the latest setback to its global mapping project that has been hit by privacy fears.

The euro inched up in choppy trading on Tuesday on hopes that squabbling policymakers will come up with a solution to avoid a debt default by Greece, sentiment that also buoyed Asian shares.

The new Mac Pro, Mac Mini, and MacBook Air are set to buff up its hardware as speculations are circulating about their release date in late July or first week in August. Apple is rumored to equip and ship the upgraded devices with the powerful Intel Sand Bridge CPU processor, OS X Lion, and Thunderbolt. The Intel’s Sandy Bridge have already been at work offering their Core i5 with 3.3 GHz up to its Core i7 Extreme with 3.7 GHz in PC computers.

Finnish cellphone maker Nokia unveiled its N9 smartphone in Singapore on Tuesday, its only bet on the MeeGo platform.

Greek Prime Minister George Papandreou faces a confidence vote on Tuesday, a hurdle he must clear to win backing for a new round of spending cuts, tax hikes and state asset sales needed to secure a 12 billion euro ($17.2 billion) lifeline and avert the euro zone's first sovereign debt default.

Ailing Finnish cellphone maker Nokia will launch its first smartphone using the Microsoft Windows platform later this year, and will begin to ship the models in volume in 2012, Chief Executive Stephen Elop said on Tuesday.

Hulu, owned by Comcast's NBC, Disney's ABC and News Corp's Fox, has decided to comply with Apple's subscription policy on iOS devices in order to gain access and reach Apple's 225 million users.

Florida Judge Belvin Perry adjourned court early on Monday in the Casey Anthony murder trial.

As NASA's Cassini project relayed images back after snapping photos of several of Saturn's 60 known moons. The images revealed lakes and rivers filled with liquid methane on Titan, Rhea with an atmosphere full of oxygen, and an ocean-like surface under a thick hydrocarbon atmosphere. The signs of water molecules and oxygen has given much speculation about life form existing on Saturn moons.

The euro inched up in choppy trading on Tuesday on hopes squabbling policymakers will come up with a solution to avoid a default by Greece, sentiment that also buoyed Asian shares.

The cost of complying with new securities rules is making it harder for small and mid-sized U.S. brokerages to stay profitable -- and may force more mergers in the sector.

On the coming Wednesday, President Obama will announce the details of his plan to reduce the number of U.S. troops in Afghanistan next month, according to administration officials.

NASA was able to complete its second-closest meeting with Saturn’s icy moon Helene with its Cassini orbiter on Monday according to the Jet Propulsion Laboratory.

Foster's Group on Tuesday rejected a A$9.5 billion ($10.1 billion) cash takeover offer from SABMiller as too low after the global brewing giant offered only a slim premium for Australia's largest brewer.