IBT Staff Reporter

Gurgaon police on Tuesday registered a first information report (FIR) against Indian-born global chief executive of Citigroup Vikram Pandit and ten others in the $80 million Citibank fraud case in the north Indian state of Haryana.

New orders received by factories unexpectedly rose in November, and orders excluding transportation recorded their largest gain in eight months, according to a government report on Tuesday that pointed to underlying strength in manufacturing.

Stocks could post double-digit returns in 2011 for the third straight year and outdo global markets, said Bob Doll, chief equity strategist at BlackRock Inc.

Researchers in the United States have developed an entirely new type of nanomaterial - dubbed nanoscoop - that could enable the next generation of high-power lithium (Li)-ion rechargeable batteries for electric automobiles, laptops and cell phones.

Japanese researchers at the Kyoto University have broken the rare earth import jinx as they have created a new alloy which resembles rare metal palladium, bringing a sigh of relief to countries depending on Chinese exports of rare earth metals.

Boeing Co said on Tuesday that it took an order for 38 Next-Generation 737 airplanes and purchase rights for seven additional 737s from leasing company CIT Aerospace.

The number of people looking for health information online is set to soar as workers return from holiday breaks, but few will check where the information comes from, according to an international survey on Tuesday.

LOS ANGELES - For a technophobe, the annual Consumer Electronics Show can be an intimidating place. But an enthusiast might feel a bit more like a small child who has been unleashed at FAO Schwarz.

Stocks fell on Tuesday as declines in oil and metals prices dragged down energy and materials shares, while concern about lower supermarket profits hit consumer stocks.

U.S. auto sales rose to the highest rate in 16 months in December as major automakers forecast the recovery would gather momentum in 2011 despite the drag from a weak housing market and rising oil prices.

Morgan Stanley has named Jim Rosenthal, the bank's head of technology, as chief operating officer, according to an internal memo obtained by Reuters. A company spokeswoman confirmed the memo's accuracy.

Inflation might not be China's biggest concern in 2011, as many experts believe, an economist at Capital Economics said in a note.

Tiger Woods has lost some major sponsors after revelations of marital infidelities hurt his image, but Electronic Arts Inc said on Tuesday it remains in the professional golfer's corner with plans for the next version of its Woods' branded video game.

Internet TVs are expected to be a hot product at this year's CES.

Computing is going greener -- at least if the products at this year's Consumer Electronics show are any indication.

Companies ready release of their tablets and e-readers at the 2011 CES.

AMD has unveiled a new class of accelerated processor that brings in supercomputer-like performance to every day computing tasks, including superior Internet, video and gaming experiences. AMD's launch comes a day after Intel showcased its Sandy Bridge second generation of Core processors.

American International Group's protracted sale of its Taiwan unit was further complicated on Tuesday when a Taiwanese company proposed buying a stake in the business, an offer that may please regulators but runs counter to AIG's plans.

NEW YORK - Spartacus is coming to Facebook, becoming one of the first major TV properties to get a social game.

Tiger Woods has lost some major sponsors after revelations of marital infidelities hurt his image, but Electronic Arts Inc said on Tuesday it remains in the professional golfer's corner with plans for the next version of its Woods' branded video game.

Optimism about the state of the world economy lifted stocks on Tuesday and kept oil prices at a near 27-month peak.

Facebook has raised $500 million from Goldman Sachs and Russian investment firm Digital Sky Technologies, in a deal that values the world's No.1 Internet social networking company at $50 billion, according to a person familiar with the matter.

Stocks fell on Tuesday on worries that rising food costs will sap supermarket profits, hurting consumer stocks and denting growing optimism about the economic outlook.

A new service from British telecoms provider BT that allows Internet service providers to pay for higher-quality video delivery will not create a two-tier Internet, BT said on Tuesday.

The Producers Guild of America Tuesday unveiled nominees for their film and television awards with The Social Network and The King's Speech among nominees for best-produced movie.

Gallup publishes list of top 10 most admired women of 2010, in which talk show queen Oprah Winfrey falls behind politician Sarah Palin.

Chairman of Tata Motors, Ratan Tata has reportedly invested $15 million on a research project, which aims at assessing the feasibility of water as fuel.

World’s largest drug maker Pfizer has moved the court against Dr Reddy’s Laboratories seeking a delay in launching the Indian drug maker’s low-cost version of atorvastatin, the world’s best-selling medicine, in the US market.

Apple’s iOS is the No.1 mobile operating system with 28.6 percent of the smartphone operating system market share in U.S, while Google’s Android with 25.8 percent share stands at No.3, said a report by research firm, The Nielson Company.