Bangalore in no mood for shutdown
As Karnataka plunges into another political crisis, the capital city Bangalore seems to be in no mood for the BJP-called shutdown.
Gold hits two-month low as haven appeal wanes
Gold touched a two-month low in Europe on Friday, pressured by a firmer appetite for assets seen as higher risk on expectations the economic recovery was gaining traction, but a retreat in the dollar prevented a steeper drop.
S. Korea rescues hijacked ship from Somali pirates
Special Forces from South Korea stormed a cargo ship taken over by pirates in the Arabian Sea and rescued the 21-member crew. The rescue attempt occurred a week after the cargo ship, Samho Jewelry, was hijacked by Somali pirates. The ship had eight South Koreans, two Indonesians and 11 people from Myanmar and was carrying chemicals from the UAE towards Sri Lanka.
Post-Market Earnings Wrap (GOOG, AMD, COF, WIT, ED)
The companies that reported earnings after the markets close on Thursday are: Google, AMD, Capital One, International Game Technology, Wipro, Consolidated Edison, Maxim Integrated, Flextronics, Intuitive Surgical, Polycom...
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After signing pact with China, Boeing lays off 1,100 U.S. workers
Just one day after signing a huge contract to sell aircraft to China, Boeing (NYSE: BA) said it will lay off about 1,100 U.S, workers involved in the manufacture of its C-17 military-cargo aircraft through the end of next year.
India mulls allowing foreign direct investment in retail, defense sectors
India on Thursday said it is considering to allow foreign direct investment (FDI) in multi-brand retail and defense sectors as part of its efforts to step up foreign investments into the country.
India's Dr Reddy's launches generic Protonix drug in US
Indian pharmaceutical company Dr Reddy's Laboratories Ltd on Thursday said it has launched a generic version of Protonix, a drug used to control the amount of acid in the stomach, in the United States.
Facebook launches app for feature phones as smartphones are not the only world
Facebook's global reach has been the envy of many companies, as about 70 percent of its 500 million users are from outside US and now Facebook has launched an app for feature phones to further bolster its march.
India's official Oscar entry 'Peepli Live' out of race for best foreign language film
India’s official entry to the Oscars in the best foreign language film category, Peepli Live, is now out of the race as the movie failed to reach the final list of nine films.
Dubai Shopping Festival kick starts
The sixteenth international Dubai Shopping (DSF) Festival is all set to kick start at the Burj Khalifa, Dubai Creek Park, Global Village, and the Dubai Outlet Mall on Thursday.
Yes Bank Q3 net rises 51.6 pct; beats f'cast
Private-sector lender Yes Bank posted a 51.6 percent rise in quarterly net profit in Oct-Dec, as both advances and deposits rose.
Supreme Court adjourns state iron ore ban hearing
The Supreme Court of India has adjourned until the second week of February a hearing on a petition seeking to lift a ban on iron ore exports from Karnataka, a court order showed on Thursday.
SKS Microfinance up 13 pct following RBI guidelines
SKS Microfinance shares rose 13 percent on Thursday, a day after a panel appointed by the Reserve Bank submitted guidelines for the microfinance sector, providing clarity for the country's embattled industry.
Food inflation eases, but RBI action seen
Food inflation eased for the second straight week in January, tracking lower fruit and vegetable prices, but accelerating headline inflation in December is likely to put pressure on the Reserve Bank to raise rates at policy review on Jan. 25
RBI allows banks to restructure unsecured loans to MFIs
The Reserve Bank of India (RBI) said it has allowed banks to restructure loans given to micro finance institutions (MFIs), even if they are not secured.
Africa M&A surges to record $44 bln in 2010
Mergers and acquisitions activity in sub-Saharan Africa surged to a record $44 billion in 2010, double the value of a year earlier, Thomson Reuters data showed on Wednesday.
Boehner rejects invitation to Hu Jintao state dinner
House speaker, John A. Boehner declined an invitation to attend tonight’s official state dinner at the White House in honor of Chinese President Hu Jintao.
Iran says 'No' to Valentine’s Day gifts
Love won’t be in the air this Valentine’s Day in Iran as the country has banned productions of Valentine’s Day gifts in a bid to discourage the spread of “Western” culture.
Earthquake rattles Pakistan, New Delhi
A powerful earthquake rattled Pakistan early Wednesday with enough energy that that it was felt as far away as the Gulf of India.
POLL - Asia to see soaring prices in 2011
Asia's rapid economic growth will moderate slightly in 2011 even as policymakers combat rising prices with higher interest rates and try to keep local currencies from appreciating too sharply, a Reuters quarterly poll showed.
BSE Sensex edges higher as metals climb
The BSE Sensex nudged up 0.2 percent on Wednesday powered by metal producers on firm world metal prices, but trading was choppy reflecting investor concern about inflation and a looming rate rise.
Tailenders guide India home after Pathan blitz
Yusuf Pathan blazed a half-century but India still had to call on their tailenders to clinch victory over South Africa by two wickets in the third one-day international at Newlands on Tuesday.
Sasol halts Indonesia coal-to-liquids plant project
South Africa petrochemicals group Sasol said on Tuesday it would not continue with a planned coal-to-liquids plant project in Indonesia as it seeks to focus more on gas-to-liquids opportunities.
India's TCS to recruit 37,000 professionals from campuses next fiscal
India’s top software services company Tata Consultancy Services Ltd (TCS) on Tuesday announced plans to recruit 37,000 professionals in the next year through campus placements for its domestic and overseas operations.
India's Strides Arcolab gets FDA approval to sell Adenosine injection in US
Indian pharmaceutical company Strides Arcolab on Tuesday said it got the United States Food and Drug Administration (FDA) approval to sell an additional package size of Adenosine injection used for treating cardiac diseases.
Jaipur literary festival to show India's global role
Asia's largest literary festival kicks off this weekend in a historic Indian city, a testament to the growing global influence of Indian literature and its appeal to both publishers and authors.
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