Rajat Gupta Could be Slapped with Additional Allegations
Rajat Gupta, a former director of Goldman Sachs and Procter & Gamble who is the highest-ranking executive charged in a U.S. crackdown on insider trading, could face additional allegations, a federal prosecutor said on Tuesday.
Yahoo Chairman and Directors Step Down; Yet to Overcome Crisis
Yahoo Inc Chairman Roy Bostock and three other directors will step down as the struggling company ploughs ahead with an internal overhaul, including discussions on dealing with its stakes in China's Alibaba Group and Yahoo Japan.
Facebook May Find Tough to Break the Great (Fire)wall of China
When it comes to China, Facebook should consider itself forewarned. People who want to access Facebook and other blocked sites must use special VPN software to get around China's firewall to do so.
BSE Sensex Up by 0.7 Percent; Bharti Airtel Slumps
The BSE Sensex climbed 0.7 percent on Wednesday, led by energy conglomerate Reliance Industries and software services exporters Infosys and Tata Consultancy Services.
Iran Defaults on Rice Payments to India: Traders
Iranian buyers have defaulted on payments for about 200,000 tonnes of rice from their top supplier India, exporters and rice millers said on Tuesday, a sign of the mounting pressure on Tehran from a new wave of Western sanctions.
Facebook May Publish Categories of User Data: Students
U.S. social media group Facebook seems ready to publish categories of data it collects from users, an Austrian student group lobbying for stricter privacy rules said on Tuesday.
Booming Indian Stock Markets May Not Show Its Economic Reality
Surging capital inflows, booming stock markets and a fast-appreciating currency suggest the India story is again shining after a dismal 2011.
Maldives President Quits; Suspects Coup
President Mohamed Nasheed of the Maldives, widely credited with bringing democracy to the hideaway resort islands, resigned on Tuesday after weeks of opposition protests erupted into a police mutiny and what an aide said amounted to a coup.
Indian Airlines Can Import Jet Fuel Directly
Indian airlines will be allowed to import jet fuel directly under a proposal from a ministerial panel, Aviation Minister Ajit Singh said, sending airline shares sharply higher on the prospect they will be able to cut costs.
BSE Sensex Closes on a Bad Note after Govt’s Growth Forecast
The BSE Sensex snapped a five-day rally on Tuesday as investors locked in profits after the government forecast growth may dip below 7 percent, the slowest pace since the 2008 financial crisis.
Rupee: Early Gains Lost in Afternoon Trade
The rupee lost most early gains in afternoon trade on Tuesday as local equities turned negative and dollar demand from importers, most likely oil refiners, picked up.
Rahul Gandhi - The Reluctant Young Emperor of India
They call him the Yuva Samrat, or young emperor. Yet Rahul Gandhi has so far shown no inclination to claim the throne of the world's largest democracy.
RBI’s Prohibitory Notice Prompts Manappuram to Hold Board Meeting
Manappuram Finance Ltd (MNFL.NS), which provides loans using gold as collateral, said on Tuesday its board will meet on February 10 to discuss a Reserve Bank of India (RBI) notice that prohibited it from accepting or renewing deposits from the public.
India's Economic Growth Estimated at 6.9 Percent this Fiscal Year
The Indian economy is estimated to grow 6.9 percent this fiscal year, its slowest pace in three years, the government said, as tight monetary policy and a logjam in government policy making coupled with weak global conditions stifles investment.
Oracle Opts for New Trial against SAP over Copyright Infringement
Oracle Corp rejected a potential $272 million award against SAP AG over copyright infringement allegations, instead opting for a new trial after a U.S. judge had slashed over $1 billion from a previous verdict.
Telenor to Fight Supreme Court Order on Licence Cancellation
Norway's Telenor ASA (TEL.OL) plans to fight an order by the Supreme Court to cancel 122 telecoms licences held by its Indian joint venture, but has not ruled out abandoning the country altogether, the head of the company's Asian operations said.
Earthquake Hit Central Philippines; 7 Dead
A magnitude 6.7 earthquake off the central Philippines island of Negros killed at least seven people on Monday, including two children, with government offices and schools ordered to close after at least 40 aftershocks.
Lamborghini Going Porsche's Way?
Lamborghini, the maker of low-slung supercars once advertised as closer to the road, is planning a new model that will be further from the tarmac than ever -SUV. Lamborghini hopes to repeat the Porsche Cayenne's success.
Yuvraj Singh's Cancer is Curable: Doctor
Yuvraj Singh's cancer is curable and the hard-hitting Indian batsman is likely to be back in training in May, a New Delhi oncologist said on Monday.
European Union-India Free Trade Deal Hits Deadlock over Duties
Hopes of India and the European Union striking a free trade deal at a summit this week are fading fast, with differences over duties on cars and market access for software and service companies standing in the way of an accord.
BSE Sensex Rises for Fifth Straight Session
The BSE Sensex rose for the fifth straight session on Monday, ending 0.58 percent higher, after last week's robust U.S. jobs data helped improve risk appetite, but the rally in the local market is expected to take a breather soon.
Gold Demand in India Rises Following Prices Drop
Gold demand in India, the world's biggest buyer of the yellow metal, edged up as prices extended losses for a third straight session, spurring traders to stock up given the wedding season.
Google, Facebook Censor Content from Indian Domain Websites after Court Warning
Internet giants Google Inc and Facebook removed content from some Indian domain websites on Monday following a Delhi court directive warning them of a crackdown like China if they did not take steps to protect religious sensibilities.
India Faces Challenges to Stable Rating Outlook: Standard & Poor
India is facing challenges to keep its stable rating outlook with high inflation, weak fiscal position and slower economic growth weighing, Standard & Poor's rating service said on Monday.
Madonna’s Stuns Football Fans at Super Bowl Halftime Show; No Wardrobe Malfunction
Madonna dazzled football fans and more than 100 million television viewers on Sunday when she performed during a glittery, spectacular Super Bowl halftime show. She had promised that there would not be wardrobe malfunction.
Facebook Courts Madison Avenue Ahead of Its IPO
Facebook realized it needed to strike a more cooperative tone with Madison Avenue ahead of its initial public offering and the accompanying intense scrutiny on profit growth.
BSE Sensex Up by 1 Percent; Piramal Healthcare Rallies 7 Percent
The BSE Sensex rose more than 1 percent on Monday as surprisingly robust U.S. jobs data added to investor confidence about a turnaround in the world economy and bolstered the outlook for foreign fund investments.
Syrian Forces Shelling Kills over 200 in Homs
More than 200 people were killed in shelling by Syrian forces in the city of Homs, activists said on Saturday, as the U.N. Security Council prepared to vote on a draft resolution backing an Arab call for President Bashar al-Assad to give up power.
Anonymous Publishes Confidential Call between FBI and London Detectives
Internet activist group Anonymous published a recording on Friday of a confidential call between FBI agents and London detectives in which the law-enforcement agents discuss action they are taking against hacking.
India's Military Buildup May Be Too Little Too Late
ndia's 1.3 million-strong armed forces, hobbled by outdated equipment and slow decision-making, are undergoing an overhaul as defence priorities shift to China from traditional rival Pakistan. It took 11 years to select France's Rafale.