IBT Staff Reporter

87721-87750 (out of 154954)

Russian officer blew cover of 'spy ring' in US, says paper

The arrest of Russian spies in the US and the ensuing spy-swap was the result of the betrayal of a Russian intelligence officer, a Moscow newspaper reported on Thursday. Kommersant, the paper, claimed that Col. Shcherbakov, who worked for Russia's Foreign Intelligence Service (SVR), blew the cover of his unit.

Amazon halts sale of 'Pedophile Guide'

Amid a wave of criticism and calls for nationwide boycott, Amazon.com has reportedly decided to discontinue the sale of an e-book entitled The Pedophile's Guide to Love and Pleasure. The book has been off the shelves since Thursday afternoon.

Pressure piles on Greece to harden fiscal measures

Greece's budget problems are far from over, as its deficit is likely to have narrowed much less sharply than the Government had predicted, Capital Economics said in a note. Greece will now come under heavy pressure to implement an even more draconian fiscal squeeze, Ben May, a European economist with Capital Economics, said.

TomTom boosts Indian JV stake to 90 pct

Netherland-based TomTom, a provider of location and navigation services, boosted its presence in India by increasing its stake in its Indian joint venture to 90 percent from 60 percent.

3i posts interim profit, NAV rises 15 pct

British private equity firm 3i Group Plc reported a profit and a rise in net asset value for the first half, and it lifted its interim dividend by 20 percent to 1.2 pence.

Oracle-SAP Trial Gets Ugly

The SAP-Oracle trial has taken some interesting twists and the end result could be damaging to both companies.

Indian railway's revenue up by 7.73 pct during Apr-Oct 2010

Indian Railways' total approximate earnings on originating basis increased 7.73 percent to 520.60 billion rupees during April 1, 2010, to October 31, 2010, as compared to 483.23 billion rupees during the same period last year, said the Railways ministry on Thursday.

Reference rate for US dollar and euro

The Reserve Bank of India (RBI) on Thursday fixed the reference rate for euro at 61.11 rupees and the reference rate for the U.S. dollar at 44.39 rupees.

India's Ranbaxy Q3 net profit jumps

Ranbaxy Laboratories Limited (RLL), India's largest pharmaceutical company, said on Thursday its consolidated net profit stood at 3.13 billion rupees ($67 million) for the third quarter ended September 30, 2010, as compared to 1.16 billion rupees ($24 million) in the same period a year earlier.

Resist protectionism, group says

Angel Gurria, Secretary- General of the Organization for Economic Cooperation and Development, an organization consulted by the nations of the world, including most of the nations of the G-20, put the very complex matter of what the G-20 is attempting to do at its summit in Seoul this week, in simple and precise terms.

DLF Q2 net profit down 5 pct

DLF Limited, India’s largest real estate company, said on Thursday its consolidated net profit fell 5 percent to 4.18 billion rupees for the second quarter as compared to 4.4 billion rupees for the same quarter last year.

BSE Sensex down 0.14 pct on early trade

Indian equity markets are trading lower by 29.17 points or 0.14 percent on Thursday with consumer durables, metal, healthcare and auto sectoral indices are in the gaining side and telecom, IT and realty sectoral indices are in the negative side.

Tata to offer safety device in Nano, no recall

Tata Motors, India's minicar manufacturer, has said it will offer to the customers of the Nano car additional safety device at free of cost and clarified the company is not recalling Nanos.

Debt commission's proposal gets varied reception

Not unexpectedly, the preliminary proposal of President’s Obama’s bipartisan Commission on Fiscal Responsibility and Reform has met with mixed reviews, from “unacceptable” to “most encouraging.”

Manchester derby ends in draw, shocks many

Contrary to many expectations, the Manchester derby was dull, goalless affair and delivered little. Other than the fact that United continued their unbeaten run in all competitions to 25 games, it is fair to say nothing else perked interest.

US trade deficit narrows, but stays high with China

Goods and services trade deficit in the U.S. narrowed in the month of September from the previous month, but still remained high with China, according to a report released by the U.S. Commerce Department.

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