IBT Staff Reporter

World's largest tax advisory, audit and consultancy services provider, PricewaterhouseCoopers (PwC) has suggested that the emerging markets like India and China is fast becoming the hub of global economic activity with China likely to outpace the US by 2025.

India's leading IT service provider Wipro's chairman Azim Premji and biotechnology major Biocon's chairperson Kiran Mazumdar-Shaw are among the forty-eight Asians to feature in Forbes magazine's list of Asia's top philanthropists.

The 30-share benchmark sensitivity index of the Bombay Stock Exchange (BSE), the Sensex, rallied, Wednesday, to climb 1.30 percent or 202.89 points to end up at 15,790.51 with 17 components rising, boosted by a late run in banking stocks even as Asian markets all around tumbled.

Commodity Online NEW YORK: Gold and other precious metals followed oil s success train as the US dollar continued to get weaker amid reports of decline in Wall Street equities.June gold p...

The FTSE 100 share index edged down on Wednesday falling 6.3 points to 5,983.9 (down 0.1 per cent).

Royal Bank of Scotland (RBS) has cut 200 jobs this week in parts of its debt and investment banking units most affected by the economic slowdown.

Mitchells & Butlers (M&B), owners of the Harvester chain of restaurants has given a half year trading update for the 27 weeks ended 5 April 2008.

Google's chief in Brazil said the Internet giant will employ strategies to stop child pornography and hate crimes on the social networking Website used in the region.

The iPhone with its Wi-Fi only variant and the iPod Touch is currently the most used mobile browser for Internet access in the U.S. followed by the Symbian Operating System used in Nokia devices, according to a report from Irish researcher StatCounter.

Dish Network Corp., the second biggest U.S. satellite television broadcaster accused News Corp.'s NDS Group of hacking the security code of Dish's access cards, causing damages worth $90 million.

Adobe announced on Wednesday the launching of the Media Player Network, Adobe TV, an online video resource made to provide users of Adobe instructional programs of its applications.

CBS News anchor Katie Couric will likely leave her post at the CBS Evening News show well before her contract expires, according to a report.

Copper futures rose close to the highest record as a falling dollar prompted demand for metals as a hedge against inflation.

A chemical used in manufacturing rubber was found in a Cubist Pharmaceuticals Inc. antibiotic stored in ReadyMED pumps made by Cardinal Health Inc., the U.S. Food and Drug Administration said on Wednesday.

HBO named Sue Naegle as president of HBO Entertainment, in a bid to give the channel an overhaul after a lackluster year of programming.

China's stocks listed in the United States stock markets and ADR continue to lower Wednesday follow the US stock markets' tumble.

Yahoo Inc., the target of a hostile takeover bid by Microsoft Corp., is in the eye of a storm of potential deals involving the some of the biggest players in technology and media including Google Inc., News Corp. and Time Warner Inc.

Toyota Motor Corp said Wednesday it will recall about 539,500 Corolla and Matrix vehicles sold in the U.S. from defects in window glass, while nearly 630,000 minivans will be recalled in Japan.

Crude oil supplies were down 3.2 million barrels last week to 316.0 million barrels. 600,000 barrels of crude were also added to the Strategic Petroleum Reserve.The USDA's estimate for 2007 2008 U...

Commodity Online The soaring gold prices have a strange impact on the streambeds across California.With gold hovering over $900 an ounce, peop...

Morley Fund Management, the asset management division of UK's largest insurer Aviva PLc, said Wednesday that it has signed a China joint venture agreement with China National Oils & Foodstuffs & Cereals Corp.(COFCO) Ltd and Dongguan Trust & Investment Co Ltd.

WellPoint Inc., the largest health insurer by membership in the U.S, reported yesterday that personal data of about 128,000 of its customers was exposed online over the past year.

Merril Lynch will likely write down between $6 billion and $6.5 billion linked to several types of debt, senior company executives said, according to a report.

The International Monetary Fund lowered its outlook for global growth in 2008 and predicted a modest U.S. recession on Tuesday, citing pressure to housing and financial markets.

The U.S. Food and Drug Administration reported newly yesterday that 62 people have died due to allergic reactions and low blood pressure caused by the blood thinner heparin.

News Corp.'s social networking Web site, MySpace, said it plans to sell more merchandise to its 109 million users following an agreement with many leading record companies, to offer music downloads and concert tickets.

Yahoo Inc. may be near an announcement that it will carry search web search advertising from Google Inc., according to a report released Wednesday.

Where Have All the Drivers Gone? Does it seem like there are fewer cars on the highway this year? The recent trend in motor gasoline consumption would appear to indicate so. Gasoline consumpti...

Gold futures gained 2 percent on Wednesday as crude oil soared to a new record while a weaker U.S. dollar boosted investors demand for the precious metal.