Strauss-Kahn hidden inside New York safe house
Former IMF chief Dominique Strauss-Kahn spent his first night out of jail since his arrest on attempted rape charges, inside a Manhattan safe house on Saturday, well-hidden from the media gathered outside.
Britain endorses Lagarde as new IMF chief
Britain endorsed French Finance Minister Christine Lagarde as an "outstanding candidate" for IMF chief on Saturday, the first G7 country to officially back her as Dominique Strauss-Kahn's successor.
Inflationary pressures are here to stay, says Pranab
India will continue to see inflationary pressures due to high global commodity prices, Finance Minister Pranab Mukherjee said on Saturday.
RIL plans to raise $1.5 bn via overseas loans: Report
Indian energy major Reliance Industries is in talks with banks to raise as much as USD 1.5 billion in dollar-denominated loans, a Bloomberg report said on Saturday, citing two people familiar with the development.
NALCO cuts aluminium prices by Rs 4,500/t: Sources
State-run National Aluminium Co Ltd (NALCO), India's third-largest producer of aluminium, has cut aluminium prices by Rs 4,500 (USD 89) a tonne, a senior company official said, a week after cutting prices by Rs 6,500 a tonne.
Goldman still a trophy for crisis investigators
US investigators hunting for culprits in the financial crisis are keeping Goldman Sachs in their crosshairs.
Union KBC MF launches its maiden Equity Fund
Union KBC Mutual Fund has announced the launched of its maiden fund as Union KBC Equity Fund, an open ended equity scheme aims to achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities.
Religare MF launches Religare Nifty Exchange Traded Fund
Religare Mutual Fund has launched Religare Nifty Exchange Traded Fund, an open ended exchange traded fund that aims to generate returns which closely correspond to the returns generated by securities as represented by S&P CNX Nifty Index, subject to tracking error, if any.
ICICI Prudential MF launches Multiple Yield Fund Plan A
ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Multiple Yield Fund Plan A, a 1100 days closed ended income fund, that seek to generate returns by investing in a portfolio of fixed income securities/ debt instruments.
Buy Larsen and Toubro; target of Rs 2160: KRChoksey
KRChoksey is bullish on Larsen and Toubro (L&T) and has recommended buy rating on the stock with a target of Rs 2160 in its May 20, 2011 research report.
Buy IRB Infra; target of Rs 253: PINC Research
PINC Research is bullish on IRB Infrastructure Developers and has recommended buy rating on the stock with a target of Rs 253 in its May 20, 2011 research report.
Buy Voltas; target of Rs 200: Emkay
Emkay Global Financial Services is bullish on Voltas and has recommended buy rating on the stock with a target price of Rs 200 in its May 20, 2011 research report.
Mobile Wallet roll out starts with small change
Virtual wallet technology that lets people pay for a coffee, newspaper or sandwich by swiping a cell phone at a checkout is finally set to start rolling out, executives told the Reuters Technology Summit this week in Paris.
Healthcare likely sticking point in GE-union talks
Healthcare costs are likely to be the main sticking point in General Electric Co's next round of negotiations with its big US labor unions, which kick off on Monday, both sides said.
Much-loved Paris shopping shrine to become hotel
Say 'La Samaritaine' in this city and shopping-mad Parisians will wax nostalgic about a beloved department store which once boasted it had 'everything'.
MERC nod for MSEDCL proposal to procure 1000mw power in '12
Maharashtra Electricity Regulatory Commission (MERC) has approved state power utility MSEDCL's proposal to procure 1000 mw power this fiscal (FY12).
Hasan Ali earned commission in Boeing-AI deal: ED report
Pune-based stud farm owner Hasan Ali Khan, accused of money-laundering, earned USD 11.5 million as a commission for facilitating sale of two Boeing 747 aircraft for USD 230 million to Air India during 1986-87, according to the Enforcement Directorate.
Starwood set to exceed 2015 goal on hotels in India
Starwood Hotels and Resorts Worldwide Inc will have by 2015 signed contracts for putting its brands on more than a 100 hotels in India, exceeding its target, a top official for the company's India operations said.
India, Africa trade set to touch $70 bn by 2015
Ahead of Prime Minister Manmohan Singh's visit here, India today said it is finalising a trade-opening pact with south African nations to step up the country's commerce with the continent to USD 70 billion by 2015.
US closes investigation of Toyota Corolla steering
US auto regulators have quietly closed an investigation of steering complaints in Toyota Motor Co Corollas, a boost for the company trying to regain consumer trust after an explosive safety crisis marked by huge recalls.
Hackers hit Sony sites raising more security issues
Sony Corp has been hacked again, exposing more security issues for the company less than a month after intruders stole personal information from more than 100 million online user accounts.
Carriers to revamp tablet service pricing: Reuters Summit
Mobile service providers are reworking charges for wireless connections on tablet computers to lure in customers put off by costly fees.
Judgment Day trade: Sooner than you think?
A US Christian radio network has been creating a stir with predictions an earthquake will shake the world on Saturday (May 21), sweeping the righteous to heaven and leaving others behind to be consumed in a ball of fire in October.
Lady Gaga finally hatches 'Born this way'
She once performed in New York's small bars searching for followers, but pop's reigning queen Lady Gaga will likely score a huge audience when her second full-length studio album is officially released next week.
