IBT Staff Reporter

The California attorney general said on Friday there was no evidence yet linking Hewlett-Packard Co. Chief Executive Mark Hurd to any criminal wrongdoing, as scrutiny grew over his role in the PC maker's probe of a boardroom leak.

Mukesh Ambani-led Reliance Industries Limited (RIL) is all set to make a mega investment, running in thousands of crores, in developing an integrated port on India's western coast of Gujarat.

Wal-Mart Stores Inc. on Friday said it was not trying to dissuade movie studios from working with other forms of distribution, such as Apple Computer Inc.'s download service.

Germany's MAN AG is planning a more attractive bid to win over resistant shareholders of Swedish truckmaker Scania, the Wall Street Journal on Friday quoted MAN Chief Executive Hakan Samuelsson as saying.

Stiffer penalties, including enhanced fines and imprisonment, as a deterrent against violations by corporates and provisions ensuring greater transparency and accountability will form part of the comprehensive Companies Law Amendment Bill that is proposed to be tabled in Parliament in the winter session.

DaimlerChrysler will not make any management changes over last week's profit warning at U.S. arm Chrysler, which is not up for sale, Chief Executive Dieter Zetsche told a German newspaper.

Basmati rice grown in Uttaranchal will now be exported to European countries and also to south Indian states, state Agriculture Minister, Mahendra Singh Mahra, has announced.

Smart Telecom Plc today confirmed the conclusion of its strategic review, which was announced at the companies AGM on 8th September.

Barry Stowe was today announced as the Chief Executive of Prudential Corporation Asia. Stowe is currently the President for Accident & Health Worldwide for AIG Life Companies.

Industrial and Development Bank of India (IDBI) which has won the race for acquisition of ailing United Western Bank (UWB), held a board meeting on September 21 to discuss the Reserve Bank of India's (RBI) draft scheme for amalgamation, even as global rating agency Standard & Poor's has warned that UWB's huge bad loans may affect the acquirer's financial profile negatively.

MTV said on Friday it will acquire Harmonix Music Systems, a music-orientated games creator, for $175 million in cash. The acquisition will offer MTV's website visitors a more diverse entertainment selection.

Strong hard-disk commoditization in Asian and Pacific countries will continue to drive down storage prices world-wide, according to latest research.

Hong Kong internet and telecoms tycoon Rechared Li, chairman of Pacific Century Group Holdings Ltd (PCG), attracted people's eyes......

Consumer groups are protesting government proposals to cut Medicaid health care funding by about $30 billion over the next ten.

Gridlocked cars. Noxious traffic fumes. Indonesia's capital is crying out for a new transport network, but stop-start plans for a monorail illustrate the country's chequered efforts to build badly needed infrastructure.

Building a much bigger plane was always a gamble for Airbus, but fresh delays are raising the stakes and could leave the planemaker a far smaller player in the global aerospace industry.

The OPEC crude basket price, a daily reference level based on the prices of 11 crudes - dropped to $55.99 on Thursday from $56.23 the previous day.

Global publishers, fearing that Web search engines such as Google Inc. are encroaching on their ability to generate revenue

Billionaire Virgin Group Chairman Richard Branson on Thursday committed an estimated $ 3 billion over the next 10 years, or all of the profits from his airline and rail businesses, to combating global warming.

The old cliche that when America sneezes the rest of the world catches cold is about to be tested and this time it may be just the U.S. economy that ends up with the major aches and pains.

Indian shares rose more than 1 percent on Thursday to their highest close in over four months on sustained buying in blue-chips such as ICICI Bank Ltd., ITC Ltd. and Hindustan Lever Ltd.

The FTSE 100 fell on Friday, with Wall Street seen extending losses after a Philadelphia Federal Reserve survey sparked concerns over U.S. growth and corporate profitability

Fund managers are keeping their cool in the face of Russian political risk as western oil majors come under pressure and state control of business grows.

Saipem SpA, an Italian oil services company, said Friday it won two new contracts in Peru and Saudi Arabia worth $1.42 billion.

Merck & Co Inc's Gardasil, the first vaccine to prevent cervical cancer, has been approved for sale in the European Union

Complaints against banks continue to rise, led by a rise in criticisms about loans and overdrafts and default charges

Microsoft Corp. said on Thursday it may offer a free, advertising-supported version of its basic word processing and spreadsheet software, in an apparent bid to fend off a nascent challenge from Google Inc. in the business software market.

If the prospect of air travel is no longer alluring for security, environmental or other reasons, check in at www.seat61.com, an online travelogue that has evolved into an information bank on alternatives to air.

Elementis Group Plc, the Chemicals firm today announced Bob Beeston as its new Chairman effective immediately.