US hails new Doha negotiating dynamic
The United States hailed a new tone in negotiations for a global trade agreement on Saturday, but said it had yet to see substantive progress in the decade-old Doha round.
IEA calls on OPEC to be flexible, watch Egypt
The West's main energy watchdog, the IEA, called on Saturday on oil group OPEC to be flexible in the face of instability in the Arab world, saying prices could spike even because of a small disruption.
Bhupathi, Paes lose in Australian Open final
American twins Bob and Mike Bryan sealed their third straight Australian Open doubles title on Saturday after defeating India's Mahesh Bhupathi and Leander Paes 6-3 6-4 at Rod Laver Arena.
Investors face rising risks, however Egypt plays out
If President Hosni Mubarak clings to power, investors will reprice Egyptian and regional assets to brace for weeks, months or possibly years of heightened political risk.
Prize for worst company awarded on fringes of WEF
Campaigners awarded a prize for corporate malfeasance on Friday to South Africa-based gold miner AngloGold Ashanti for its operations in Ghana as top executives met at the World Economic Forum.
Ruling party urges talks in Yemen to halt protests
Yemen's ruling party has called for dialogue with the opposition, the country's state news agency said late on Friday, in a bid to stem anti-government protests fuelled by popular unrest in its neighbours.
Morocco to host 2015 Nations Cup
Morocco was awarded the hosting of the 2015 African Nations Cup and the 2017 edition will go to South Africa, where last year's World Cup was held, the Confederation of African Football said on Saturday.
Chavez says no plans to takeover Spanish bank unit
Venezuela's President Hugo Chavez said on Saturday he had no plans to nationalize the local unit of Spanish bank BBVA because a senior company official had apologized for his comments during a testy exchange.
Frustrated Woods falls out of contention at Torrey Pines
Tiger Woods endured a frustrating day at one of his favourite golfing venues to tumble out of contention for the PGA Tour event in San Diego on Saturday.
Lawlessness on Egypt streets, Mubarak clings on
Looted stores, burnt out cars and the stench of blazing tyres filled the streets of Cairo early on Sunday as President Hosni Mubarak sought to bargain with angry crowds and security forces struggled to contain looters.
Indian edition of ForbesLife launched
Christopher Forbes, Vice Chairman, Forbes Inc. LLC and Raghav Bahl, Founder and Editor, Network18 launched the Indian edition of ForbesLife at an exclusive event in Mumbai.
Microsoft shares fall on Windows, PC weakness
Microsoft Corp shares fell more than 4% to a six-week low on Friday, dragging down much of the tech sector, as investors fretted about the strength of the company's core Windows franchise and the broader threat to personal computers from tablets.
Citi may hold back toxic assets in unit sale
Citigroup Inc is open to holding back some toxic assets in a bid to get the most value from the sale of its consumer finance business, CitiFinancial, sources familiar with the situation said.
UK health agency warns over antibiotic resistance
British health authorities issued new guidelines on Saturday to try to halt the spread of "superbug" infections that are resistant to even the most powerful antibiotics, known as carbapenems.
Maruti Suzuki reported net sales of Rs 92,767 mn
Maruti Suzuki achieved Net Sales (net of excise) of Rs 92,767 million during the third quarter of 2010-11, a growth of 26.5 per cent over the same period last year (October-December 2009).
IRB's Profit for Q3FY11 jumps by 43% yoy
IRB Infrastructure Developers Limited has declared its results for quarter ended December 31, 2010. IRB has declared a profit of Rs. 136 crores on total income of Rs. 681 crores for the Q3FY11. Income from operations increased to Rs. 669 crores, up by 55%, from Rs. 433 crores for Q3FY10.
Kale Net Profit up 20%
Kale Consultants, the leading solutions provider to the Airline and Travel industry, has recorded 19% increase in consolidated PAT at Rs. 66.99 mn as compared to Rs. 56.51 mn for the corresponding quarter of the previous year.
IDBI Bank's Q3 2011 net up 58% to Rs 454 crore
IDBI reported a net profit of Rs. 454 Crore for the quarter ended December 31, 2010 as against Rs. 287 Crore in the corresponding quarter. This amounts to an increase in net profit by 58% for the quarter compared to corresponding period last year.
Accel Frontline posts Revenue growth of 36% for Q3
Accel Frontline Limited (BSE: 532774, NSE: AFL), a leading IT Infrastructure Services company posted consolidated revenue of Rs.91.7 Crores for the quarter ended on 31st December, 2010, a rise of 36% over the corresponding previous period.
L&T and Kobe Steel Ink JV
Larsen & Toubro (L&T) and Kobe Steel, Japan, have entered into a Joint Venture (JV) for the manufacture of internal mixers and twin screw roller head extruders for the tyre & rubber industry for global markets, including India.
Edelweiss Capital hires S Ranganathan of BoA as CFO
In a high profile move in the financial sector, which is a clear sign of the aggressive approach of domestic financial services firms, S Ranganathan, the CFO of Bank of America Merryl Lynch, is moving to Edelweiss Capital as Chief Financial Officer.
Sanco Industries files IPO papers with SEBI
Sanco Industries plans a public issue of 75 lakh equity shares having a face value of Rs 10 each. It has filed draft red herring prospectus with the market regulator SEBI.
Maruti Suzuki Q3 net profit slips 18% to Rs 565 cr
India's largest car maker Maruti Suzuki reported a standalone net profit of Rs 565.2 crore for the quarter ended December 2010, down 18% as compared to Rs 687.5 crore in same period the previous year.
What now after Egypt's protests?
Egyptian President Hosni Mubarak fired his government but refused to bow to demands that he resign, ordering troops and tanks into cities to quell an explosion of street protests against his 30-year rule.
Egypt: Mubarak refuses to quit, calls for peace
Embattled President Hosni Mubarak said early on Saturday that he asked the country's government to resign after thousands of angry Egyptians defied a government curfew and faced stinging police tear gas as they marched for change.
