IBT Staff Reporter

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Reliance Infrastructure Q2 net profit up 11 pct

Reliance Infrastructure Limited, a part of Reliance- Anil Dhirubhai Ambani Group, has said its consolidated net profit increased 11 percent to 3.60 billion rupees ($80 million) for the second quarter ended September 30, 2010, as against 3.25 billion rupees in the corresponding quarter of previous year.

RBI sold 350 mln rupees of bonds as on Nov 5

The Reserve Bank of India (RBI) has purchased 390 million rupees of bonds and sold 350 million rupees of bonds for the week ended on November 5, 2010, according to the weekly statistical supplement of the RBI on Friday.

China and U.S. take center stage

A major question emerging here in Seoul on the final day of the G-20 Summit, as world leaders personally powwow on global dilemmas, is this: Can the U.S. and China play nice?

'Robo-signers' effect: U.S. foreclosures dip in Oct

Home foreclosures in the U.S. in October fell by 9 percent primarily because some major banks temporarily froze foreclosure proceedings and delayed sales of foreclosed properties nationwide after being criticized for shoddy paperwork, according to real estate data company RealtyTrac.

Zahra Baker: Where are you?

Police authorities in North Carolina are apprehensive that Zahra Baker, a 10-year old physically challenged Australian girl who has been missing for over a month, could have become the victim of some foul play after finding new evidence while searching an area called Gunpowder Creek.

U.S. FDA proposes gory warning labels on cigarette packs

The next time you decide to light up a smoke, you may be greeted by an image of a cancer patient or even worse, a corpse, thanks to the U.S. Food and Drug Administration's (FDA) decision to put graphical warning labels on cigarette packs.

Nigeria could 'report' Iran to UN on illegal arms shipment

Nigeria could report Iran to the UN Security Council on illegal arms shipment, if any sanctions were breached. Speaking to reporters in the capital Abuja, Nigerian foreign minister stated that the consignment originated from Iran, a detail also confirmed by the Iranian government. Iran is forbidden from exporting any weapons from its territory. However, Nigeria is yet to notify the UN on the incident.

G20 Comes Up Short On Action, But Leaders Hope For More

Leaders at the G20 spent as much time promoting the process itself as the real accomplishments of the summit. Most said that while there was little in the way of concrete rules, there were a number of steps in the right direction.

Monetary reforms are coming, Sarkozy says

France and the International Monetary Fund will work together to develop criteria for the establishment of an international monetary mechanism to establish equity among currencies, and will have something tangible to present to the G-20 nations, and the rest of the world, next year, said French President Nicolas Sarkozy, in a press briefing at the close of the Seoul G-20 Summit.

Brazil: Developing Countries Got More Say, China Went Along

Brazilian Finance Minister Guido Mantega touted the voice developing nations had in the G20 process and getting the Chinese delegation to change its mind. But he was hit with tough questions about the G20 process and whether it made any real difference to the world economy.

Al-Qaeda-linked outfit claims Karachi attack, toll reaches 17

Pakistani authorities on Friday accused the Taliban- and Al-Qaeda-linked insurgents for the Thursday's attack on the CID building in Karachi which killed 17 people. More than 140 have been injured in the blast and police believe that more than 1,000kg of explosives were used in the attack, making it the biggest blast ever to hit the country's financial capital.

Actresses ready themselves for next Academy Awards

Academy awards have always been the pinnacle of one's achievement in the film world and since its inception in 1928 there has been intense speculation about prospective winners. Come December and these opinions escalate. Here is a run down on what the media is saying about the best female lead prospects for the 2011 statuette.

Lambert, fiancé Shelton sweep CMA awards

The 44th annual Country Music Association (CMA) Awards was all about the country couple of the year, Miranda Lambert and her fiancé Blake Shelton who took home five awards between them.

Kate Moss plans own burial in Paris

Kate Moss planned a celebrity 'his and her' burial site with her rocker boyfriend Jamie Vince at the Pere Lachaise cemetery in Paris, France. The graves of Jim Morrison of Doors, Oscar Wilde and composer Frederic Chopin can also be found at the cemetery.

Viacom to sell video game unit

Viacom put up its video game developing unit for sale on Thursday, stating that it lacks the expertise to run the video game business.

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