INDIA

Citi Bank

Citi Sells Stake in India's HDFC for $1.9 Bln

Citigroup sold its stake in Housing Development Finance Corp (HDFC) for $1.9 billion, as global banks focus on shoring up their balance sheets to meet stricter capital requirements.

Crude Could Hit $125 in Weeks

Crude prices are likely to hit $125 a barrel as global tensions, demand and cyclical market factors combine to hike the price ever upward.
More news

Indian Gold Imports May Fall This Year

Indian gold imports in 2012 could fall by a fifth for the first time in three years to 770 tonnes as investors chase better accruals from equity markets and other financial instruments, possibly ceding the position of top consumer to China.
Stock brokers

Sensex Drops; Bharti, Kingfisher Down; SBI up

The BSE Sensex was headed for a second day of decline on Thursday as investors booked profits from recent rallies as concerns mounted over the state of the global economy, including rising oil prices.
IBTimes Logo

Has the Battery Run out on India's $35 Tablet Computer?

A $35 computer launched last year in India as the world's cheapest tablet has run into problems and companies will be invited to bid again to make the device after complaints of poor performance and hiccups rolling out a pilot model.
The alleged iPad 3's front glass panel

iPad 3 Front Glass Display Photo Leaked as Buzz Grows Louder

In the past few weeks, a lot of leaks relating to iPad 3 components and expected release date made their way into the Internet and there's no way of verifying what is true and what is not, as Apple has not made any official announcement yet about its upcoming tablet. The latest leak – a photo of affront glass panel (allegedly of iPad 3) – is the clearest photo leaked yet but it has little new to reveal.
Aakash Tablet

Aakash, World's Least Expensive Tablet Gets Update: UbiSlate 7+ Debuts

Aakash, the $35 tablet computer released in October for Indian schoolchildren has a successor, dubbed the UbiSlate 7+, a slightly more expensive tablet for impoverished students in Latin America, Egypt, Thailand and Brazil. Due to huge demand for inexpensive Internet access in third world countries, DataWind, the company that made the Aakash, has been overwhelmed with interest in the device.
Staff member is silhouetted on a projector screen displaying a logo of Olympus Corp before a news conference in Tokyo

Foreign Investors Fear Japan Banks May Hijack Olympus

Western investors in Japan's disgraced Olympus have accused its banks of trying to take control of the boardroom by stealth, amid growing signs that the firm's major creditors are considering installing their own appointees in the top jobs.
Ricky Ponting

Ricky Ponting Retires from ODI; Hopes to Play 2013 Ashes

Ricky Ponting, Australia's most successful one-day cricketer, accepted that his limited overs international career was over on Tuesday but said he wanted to continue in test cricket and hoped to play in the 2013 Ashes. It's a bit hard to say I've retired given I've been dropped but I don't expect to play one-day international cricket anymore, he said.

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