AI pilot strike: Flight operation comes close to standstill
Air India's domestic operations came close to a standstill today as it operated less than 20% of flights on the fourth day of strike by its defiant pilots and the state-owned carrier was forced to take two Kingfisher planes on wet lease to ferry stranded passengers.
Smaller firms to spend more on IT innovation: E&Y Study
Smaller companies, with less than Rs 100 crore revenue, are likely to spend 32 percent of their IT budget on business opportunity and 25 percent on innovation in the current fiscal, says an industry study.
Obama seeks end to oil industry tax breaks
President Barack Obama on Saturday kept pressure on the US Congress to end tax breaks for oil and gas companies, saying they were enjoying huge profits, as he sought to limit political fallout from rising gasoline prices.
Sony's Hirai to hold news conference on data theft on May 1
Sony Corp's Executive Deputy President Kazuo Hirai will hold a news conference on Sunday on a massive security breach of its popular PlayStation Network, the Japanese electronics giant said.
CRISIL assigns fundamental grade of 3/5 to Everest Kanto
CRISIL Research has come out with its report on Everest Kanto Cylinder. The research firm has initiated coverage on Everest Kanto Cylinder with a fundamental grade of ‘3/5’ and maintain the fair value of Rs 93 per share.
Hold Patni Computer; target of Rs 480: PINC Research
PINC Research has maintained hold rating on Patni Computer Systems with a target price of Rs 480 in its April 27, 2011 research report.
Iran says Indian oil funds freed in Germany: Agency
Iran has secured the release of some funds that India had paid for Iranian oil and that had been frozen in Germany, a news agency reported.
Commodities no cure for China's cash problem
You know the feeling, you have USD 3 trillion in foreign currency burning a hole in your pocket and you are itching to spend. But on what? A mountain of gold, a sea of oil or a pile of paper?
I am not anti-Orissa: Jairam Ramesh
Rubbishing the BJD's charge projecting him and the UPA government as "anti-Orissa", union environment minister Jairam Ramesh on Thursday said that neither he nor the Centre was against the state.
TVS plans to introduce new motorcycle, scooter this year
As part of leveraging its presence in the two-wheeler industry, bike manufacturer TVS Motor Company, which reported a strong financial performance for 2010-11, would introduce a new motorcycle and a scooter this year, a senior company official said on Friday.
Gasoline prices dent US consumers' buying power
US consumers increased spending for a ninth straight month in March as they stretched to cover higher costs for food and gasoline, with inflation posting its biggest year-on-year gain in 10 months.
Citi searches new payments corner for growth
Citigroup Inc is staking out a new corner of the USD 900 billion payments industry, in the hopes that a longtime payments executive can find revenue growth for the bank there.
Bernanke says US economy needs more time to heal
The US economy is not fully recovered from its deep recession, with housing still weighing on growth, Federal Reserve Chairman Ben Bernanke said on Friday in a speech spelling out ways the US central bank has studied lower income communities.
Nasdaq near 10-yr peak, silver soars in April
Global markets closed out a week to remember on Friday after the Nasdaq touched a 10-year high while gold and silver broke record levels in the wake of Federal Reserve Chairman Ben Bernanke's pledge to keep pumping cheap money into the economy.
Arsenal's Vermaelen ready for return from injury
Arsenal defender Thomas Vermaelen has declared himself fit for a return to first team action after nearly eight months out with an ankle injury.
Casey Abrams proud of bringing jazz to 'idol'
Ousted "American Idol" contestant Casey Abrams said on Friday he was proud of bringing a fresh jazz twist to the TV show, but admitted that his signature growl might have been too much for audiences to take.
Botha's all-round show powers Rajasthan to victory
South African Johan Botha took three wickets for six runs in two overs and made 45 with the bat to earn Rajasthan Royals a seven-wicket win over Mumbai Indians in the Indian Premier League (IPL) on Friday.
Traders betting on Rajaratnam guilty verdict
Traders are betting there is a 90% chance that hedge fund manager Raj Rajaratnam will be found guilty of insider trading when the jury returns its verdict in the high-profile Wall Street trial.
Gold set for biggest daily gain in five months
Gold rose nearly 2% to above USD 1,550 an ounce amid thin volume on Friday, set for its biggest gain in five months, boosted by inflation worries, a dollar drop and expectations the US Federal Reserve will maintain easy money policy.
Microsoft stock tumbles after Windows sales dip
Microsoft Corp shares fell as much as 5% on Friday, a day after the software company reported a dip in its Windows operating system sales.
Satirical Mormon muscial leads Drama Desk noms
A satirical Broadway show about Mormons by the creators of TV series "South Park" earned 12 nominations from the Drama Desk on Friday, as it announced its picks for the best plays and musicals of the year.
Delay sought in trial of Michael Jackson's doctor
Defense attorneys on Friday asked for a delay in the manslaughter trial of Michael Jackson's doctor, saying they needed more time to review new reports from prosecution witnesses.
Eyes on honeymoon after British royal wedding joy
Britain's Prince William and his new bride reveal their honeymoon destination on Saturday, after millions of people around the world tuned in to watch the couple tie the knot in a dazzling display of royal pageantry.
Is the dollar decline more dangerous than it seems?
Neither Washington nor Wall Street is losing much sleep yet over the dollar as it slips close to all-time lows. But perhaps they should be.
EU hits banks with credit default swap probe
The USD 28 trillion credit default swaps market came under investigation on Friday by the European Union, adding to official pressures bearing down on a huge and opaque business that is widely blamed for aggravating the recent banking and euro zone debt crises.
