IBT Staff Reporter

India's market for mobile TV services is set to touch $360 million in 2008, said Asia's leading provider of innovative IT market research and advisory firm, Springboard Research.

Apr 15, 2008

Yahoo's share of search ad spending grew against rival Google but lost ground in its share of searches, according to a pair of new studies.

Apr 15, 2008

The National Stock Exchange (NSE) has launched India's first ever Volatility Index or the India VIX, based on prices of options on the benchmark Nifty 50 Options prices.

Apr 15, 2008

Toyota Kirloskar Motor (TKM), the automotive joint venture between Japan's Toyota Motor Corp. and India's Kirloskar Group is set to invest Rs.1400 crore ($350 million) on a new plant in Bangalore from where it will roll out its small car in a bid to tap the largest segment of car market in India.

Apr 15, 2008

CV Therapeutics, the pharmaceutical company said on Tuesday it received an investment of $175 million from TPG-Axon Capital for rights to 50 percent of royalty of the Lexiscan injection, Reuters reported.

Apr 15, 2008

A Washington Mutual Inc director resigned on Tuesday under pressure from shareholders who have faulted the company for its declining market value amid a sharp housing downturn.

Apr 15, 2008

Shares of Intel shot up as the company released first quarter results that reassured investors who were concerned about falling memory chip prices and the impact of a weak U.S. economy.

Apr 15, 2008

Merck & Co. was found conducting its own studies of the drug Vioxx, using names of scientific authors and writing academic articles, according to two documents from the Journal of the American Medical Association.

Apr 15, 2008

Copper Futures ended down on Tuesday as a firmer dollar slowed demand for the red metal.

Apr 15, 2008

Merrill Lynch, Inc, is expected to report a loss for the first quarter of the year on Thursday, and is also expected to write down several billion dollars' worth of securities linked to the falling housing market, along with markdowns related to mono-line bond insurer and leveraged buyouts.

Apr 15, 2008

Washington Mutual Inc. reported a first-quarter loss of $1.14 billion late Tuesday, as the lender continues to suffer from the mortgage meltdown and credit crisis.

Apr 15, 2008

Tokyo stocks rebounded Tuesday on buybacks after heavy losses the previous day but gains were limited as investors remain jittery ahead of upcoming earnings reports by major U.S. corporations and financial institutions.

Apr 15, 2008

Comcast Corp, the top U.S. cable operator, said on Tuesday it will partner with a second file-sharing company Pando Networks as it tries to avoid a criticism over its controversial management of Internet traffic on its broadband network.

Apr 15, 2008

Charles Schwab Corp, the discount brokerage said on Tuesday its earnings from continuing operations rose 29 percent, spurred of by a higher-than-expected number of new client sign ups.

Apr 15, 2008

White sugar advanced in London after oil gains increased demand for alternative fuels like ethanol.

Apr 15, 2008

Corn and soybeans rallied on Tuesday amid speculation that global demand will increase as different nations buy more food for reserve to avoid food shortage.

Apr 15, 2008

Natus Medical Inc., a provider of health products for newborns, said on Tuesday it will acquire SonaMed Corp. by paying for the company in cash.

Apr 15, 2008

Research In Motion, maker of BlackBerry, will hold talks with India's government next week on Tuesday, to resolve India's security concerns, in which the country alleges it can't readily monitor BlackBerry services, while many emails sent through BlackBerry devices are not easily traceable.

Apr 15, 2008

Gold futures rose for a second day on Tuesday, making modest gains as a hedge against inflation after crude oil hit a new record high. Silver also rose.

Apr 15, 2008

AstraZeneca PLC, the second- largest drug manufacturer in the U.K., said on Tuesday it has entered into a settlement agreement with Indian generics maker Ranbaxy Laboratories Ltd to conclude a lawsuit over a patent infringement case for its Nexium drug.

Apr 15, 2008

Stocks turned slightly higher Tuesday afternoon following a choppy morning, influenced by record oil and gas prices, concerns about first-quarter financial results, rising inflation and upbeat earnings from Dow component Johnson & Johnson.

Apr 15, 2008

Crude prices rose to a new record high on Tuesday as the dollar fell and supply disruptions from major oil exporters to the U.S. were announced today.

Apr 15, 2008

Apple and Sony reached an agreement on Monday to pay about 1.3 million yen ($12,903) to settle claims that a man was burned after an Apple computer caught fire, which allegedly was caused by a faulty Sony battery.

Apr 15, 2008

Siemens said on Tuesday that it had reached an agreement with the representatives of works councils to cut about 1,200 jobs in Germany in an effort to reduce the workforce at the enterprise communications unit.

Apr 15, 2008

UBS, the Swiss bank which has taken heavy losses due to the downturn in housing and credit markets, may eliminate about 10 percent of its workforce, according to reports.

Apr 15, 2008

The dollar weakened against the Euro on Monday on renewed concerns about the economy.The dollar weakened against the Euro on Monday on renewed concerns abo...

Apr 15, 2008

Sterling gained against the dollar on Monday as British producer price inflation surged taking some heat out of Bank of England interest rate cut expectations.

Apr 15, 2008

Johnson & Johnson, the world's biggest health-products maker, said its profit grew 40 percent in the first quarter, beating expectations as it benefited from its diversity of consumer products and a weak dollar.

Apr 15, 2008

U.S. Bancorp, the sixth-largest U.S. bank, said on Tuesday first-quarter profit fell about 3.5 percent, on higher provision for credit losses, but managed to beat earnings estimates by a penny.

Apr 15, 2008