IBT Staff Reporter

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Indian economy growth exceeds expectations

The Indian economy outpaced growth expectations in the third quarter to grow more than in the second quarter, boosted by stronger manufacturing growth and construction, according to data released by the government.

Northumbrian Water interim profits up as revenue rises 5 pct

U.K.'s Northumbrian Water Group reported a higher profit for the first half as revenue rose 5 percent, and said it was well placed to maintain a strong financial performance. The provider of water and waste water services lifted its interim dividend by 7.5 percent to 4.72 pence.

Cravath kicks off BigLaw bonus season

Cravath, Swaine & Moore, a premier New York law firm, has kicked off the BigLaw bonus season by announcing bonuses ranging from $7,500 to $35,000 for its associates who have been employed at the firm prior to September 1, 2010.

Gold Price: From Diwali to the New Year in China

Surging demand from China, the world's second-largest gold buyer, is changing seasonal patterns in Gold Price trends for investors everywhere. At this current pace, private Chinese demand may overtake India's by 2014 (if not sooner).

Feds bust knock-off sales sites

Selling counterfeit items over the Internet became a little more difficult today, as federal law enforcement officers executed seizure orders against the domain names of 82 commercials websites that, authorities said, sold and distributed counterfeit goods and copyrighted works.

Mahindra buys Ssangyong Motor for $464 mln

India's Mahindra & Mahindra (M&M) said on Tuesday that it has agreed to acquire 70 percent interest in South Korea's Ssangyong Motor Company Limited (SYMC) for $463.6 million, in an attempt to gain momentum in global markets.

World leaders react to Wikileaks disclosures

Berlusconi in Italy laughed it away, while Ahmadinejad in Tehran yet again blamed the United States. The Russians refused to comment and Indians breathed a sigh of relief. WikiLeaks, the whistle-blower website, revealed the vigor of US espionage, leaking out more than 250,000 U.S. diplomatic cables. The first batch of the documents leaked mentioned Saudi Arabia and other Arab states' desire to attack Iran, highly sensitive information on world leaders and US military strategy across the Worl...

Fed judge pleads guilty to drug charge

A federal district court judge, who was arrested last month for purchase and use of drugs and illegal possession of firearms, has pleaded guilty and has agreed to step down from the bench.

Barcelona vs. Real Madrid: Live Coverage

It wouldn't be exaggerating to say that when Real Madrid make the trip to Nou Camp to face arch-rivals Barcelona on Monday, it will be football's equivalent to war.

U.S. denies diplomats are spies

A spokesman for the U.S. State Department denied on Monday that his agency's diplomats were spies, after the release of hundreds of thousands of secret and unclassified cables by the Wikileaks organization.

Obama administration in a diplomacy bind over WikiLeaks

The Obama administration has been left red-faced by disclosures made by whistle-blower website WikiLeaks pertaining to French president Nicholas Sarkozy that describes him as an “emperor without clothes”, Iran president Mahmoud Ahmadinejad as ‘Hitler’ and Russian prime minister Vladimir Putin as an “Alpha Dog”.

Gold Hunger in China further bolstered by approval of first Gold Fund

Now institutional investors in China can join the gold buying frenzy as well, which retail investors and the Chinese central bank are already engaged in. China approved the country's first mutual fund that bets on gold prices, as inflation fears fuel demand for the precious metal.

Ahmadinejad claims Wikileaks data 'released' by US, not 'leaked'

Iranian President Mahmoud Ahmadinejad claimed that the documents published by whistle-blower website Wikileaks were released intentionally by the U.S. administration. In an interview to the state-run Press TV Ahmadinejad maintained that the documents would not impact the country's relations with other Arab governments.

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