IBT Staff Reporter

Despite stagnancy in the realty sector in Mumbai, realtors haven't lost the passion to acquire land in India's financial capital. Last week, leading developers made bid for a 105 acre land in Thane situated in the outskirts of the city.

A record number of homeowners lost houses to their banks in August as lenders worked through the backlog of distressed mortgages, real estate data company RealtyTrac said on Thursday.

Mortgage finance giants Fannie Mae and Freddie Mac could cost the government $53 billion through 2020 or save the government as much as $44 billion, depending on the accounting principles used.

A boutique investment bank and a building developer plan to offer tenants of Manhattan's largest privately owned apartment complex the chance to become owners.

Italian car maker Fiat known for its modern yet simple models and environmentally-friendly cars with a dominating market in Europe is reintroducing the Fiat brand in North America.

General Motors aims to sell at least 10 to 15 percent more vehicles in China next year, in line with the expected rate of growth in the world's biggest auto market, its China chief said on Thursday.

The head of Japan's auto lobby warned on Thursday the current dollar/yen rate was not strong enough to prevent job losses at home, calling on authorities to keep taking decisive steps after intervening in the currency market a day earlier.

Toyota Motor Corp is in talks to supply Daimler AG, the maker of Mercedes-Benz cars, with parts and technology for hybrid vehicles, Japan's Nikkan Jidosha newspaper reported on Thursday.

Chinese automaker Great Wall Motor Co Ltd will begin trial sales of its pure electric cars in the country next year, its chairman said on Thursday, tapping growing demand for clean energy vehicles.

General Motors Co is determined to pay back taxpayers as quickly as possible, but the process could take several years, GM Chief Executive Dan Akerson said on Thursday.

Sales of new passenger cars saw considerable percentage drops over the summer months, industry association ACEA said Thursday, as the phasing out of scrapping incentive schemes continued to take its toll.

German luxury car maker BMW said on Thursday it had received approval to set up an auto financing unit in China, becoming the latest foreign automaker to tap the country's fledgling but potentially lucrative auto financing business.

Amongst the food-borne diseases, poultry has been found to be the leading cause in the U.S. This is followed by green leafy vegetables and beef, which cause severe food poisoning and other stomach ailments, says a report released by the Centers for Disease Control and Prevention.

Researchers at Stanford University School of Medicine have found that repeated use of antibiotics can play havoc with your gut's natural flora culture. They change the composition of the good germs found in our stomach.

According to the American Heart Association (AHA) smokeless tobacco products are not really safe alternatives to smoking and can actually lead to certain types of cancers.

According to a study published in the journal Neurology, White Americans with muscular dystrophy, a debilitating muscular disease, tend to live longer than their African American counterparts. They can live up to 12 years longer. Muscular dystrophy is an inherited disease where muscle fibers slowly degenerate and are vulnerable to damage and get weak progressively. The death mainly occurs due to r...

Progeria is a rare genetic disorder - only 65 cases in the world - where a child's aging process is accelerated and he or she dies of aging related disease like stroke and heart attack. Life expectancy is about 13 years.

Marriott's luxury Ritz Carlton hotel chain has launched a program to reward its regular customers. This new program may well be a sign of how luxury hotels are trying to woo customers during difficult times.

A two stone ring from Italian luxury jeweler BVLGARI with a rare triangular blue diamond once bought as a token of appreciation is up for sale at Christie's auction in New York in October this year.

If you are a race car aficionado and love the zip the drive gives then you are the one for the newly introduced Porsche 911 GT2 RS.

Beating bidders Bill Gates, and Madonna Italian fashion designer Giorgio Armani has paid $190 million to buy one of the most expensive private islands in Greece called Skorpios located in the Ionian sea.

If there is one single benefit to the US due to the recession, it is that more people are studying in colleges than ever.

Last summer, the leaders of some of the world's top drugmakers buttonholed Roche Chief Executive Severin Schwan and tried, unsuccessfully, to get him to change his mind.

Young adults who have a hand in making their own meals may not eat much better than those who leave dinner to someone else, a new study suggests.

Mild memory problems in older people are often excused as senior moments, but a new study has found the same changes in the brain that cause severe dementia may also be responsible for those memory lapses.

Routine prostate cancer screening does not appear to help men live longer, according to a new study that pooled the best available data on the controversial topic.

A swine flu virus infecting a woman in Singapore mutated into a drug-resistant form virtually overnight, doctors reported in a study that they say shows the limitations of using drugs to treat influenza.

Spanish actress Penelope Cruz and husband Javier Bardem have officially announced that they are expecting their first child. The Oscar winning actress is four and half month old pregnant with the 41-year-old Javier's child. Paparazzi recently spotted her with a bump.

Scott Stevenson was only 10 years old when he first heard grown-ups voice the gloomy words that, in retrospect, predicted the disappointing arc his life has taken.