Azim Premji, India’s third richest man and chairman of Wipro, India’s third largest software services company, will transfer 213 million equity shares, or about 8.6 percent of his stake, valued at 88.46 billion rupees ($2 billion), to a private trust controlled by him.
Ang Lee finalizes Indian cast for 'Life of Pi' and casts Tabu to play Pi's mother the movie.
World trade growth slowed in the third quarter of the year, according to the latest World Trade Organization (WTO) figures. An 18 percent rise in global merchandise trade annually in value terms was remarkably lower than the 26 percent increase registered in the second quarter.
Decades ago, the United States had a huge competitive edge over the rest of the world. However, that advantage is slipping away and so are American jobs.
Militants who orchestrated the 26/11 attacks on India might have been trying to prevent the Pakistan Government from moving its army away from the Indian border, U.S. diplomatic cables suggest. Officials in London feared that the Indians would retaliate with an increase in covert activities in Balochistan or even by bombarding militant camps in Occupied Kashmir.
India’s Supreme Court on Wednesday ordered the original tapes containing conversations between corporate lobbyist Nira Radia and others pertaining to the 2G spectrum allocation to be handed over to it in a sealed cover after industrialist and chairman of Tata group Ratan Tata moved the apex court on Monday seeking action against those involved in the leakage of tapes containing his conversation with Radia..
The precious metals were mixed in November, with silver outshining the rest with a 13.6 percent jump, followed by palladium which rose 7.75 percent. Gold managed to end the month with marginal gains of 1.87 percent while platinum fell 2.7 percent from its end-October level.
Manufacturing in the eurozone expanded in November at its fastest pace in four months, boosted by strong activity in France and Germany, while manufacturing production in the U.K. touched a 16-year high, according to a survey.
General Motors India on Wednesday said its sales climbed 17.67 per cent to 8,376 units in November this year compared to 7,118 units during the same month year ago.
Car maker Maruti Suzuki India Ltd on Wednesday reported sales of 112,554 vehicles in November, translating into a 28.18 per cent increase compared to same period year ago.
Standpoint Research has downgraded American Eagle Outfitters to hold from buy, expressing concerns over the apparel retailer's store count.
As investors continue to shovel mountains of cash into U.S. Treasuries and U.S. bonds, investors seeking yield and price outperformance are advised to look at bonds issued by the emerging markets nations.
Gold touched a 1-week high for Dollar investors but broke new all-time records for Euro and Sterling buyers on Tuesday morning, as industrial commodities slipped and the US currency rose against all competitors bar the Japanese Yen.
The upcoming FIFA Club World Cup UAE 2010, starting on December 8, could be a crucial time to boost Dubai’s tourism, tourism industry officials expect.
General Motors India said announced it has crossed 100,000 unit of sales in Indian market and this is the first time it has crossed this mark in a calendar year since its inception in India.
The Indian economy outpaced growth expectations in the third quarter to grow more than in the second quarter, boosted by stronger manufacturing growth and construction, according to data released by the government.
Many countries have taken it upon themselves to negotiate regional or bilateral trade agreements to match evolving economic realities as the multilateral Doha Round negotiations stall.
The Indian economy is expected to have grown a little slower in the September quarter than the previous quarter, mainly due to a drop in capital goods production.
Wikileaks documents reveal that U.S. Secretary of State in July 2009 sent a message to 33 US missions on UN reforms saying, International deliberations regarding UNSC expansion among key groups of countries: self-appointed frontrunners for permanent UNSC membership Brazil, Germany, India, and Japan.
Indian Prime Minister Manmohan Singh is not guilty of inaction but was misguided by the Law Ministry and the bureaucrats and hence delayed in filing replies to the complaints of an opposition lawmaker who sought sanction to prosecute 2G spectrum scam accused Andimuthu Raja, the Attorney General of India has submitted before the Supreme Court.
Celebrities are all set to say a final good bye to their millions of fans on Facebook and Twitter. They will only return when $1 million will be raised.
India had been deliberately kept out of the Turkey-sponsored meet on Afghanistan earlier this year to address the sensitivities of Pakistan, according to documents released by whistle-blower website WikiLeaks.
