Bank of America expects $20 bn loss after settlement
Bank of America Corp said it expected to take more than USD 20 billion in charges after settling with mortgage bond investors, resulting in a second-quarter loss.
Next thing in wind energy: Stealth turbines
Wind turbines that do not interfere with radar systems used by aircraft may soon become a commercially viable option for the wind energy industry, Danish turbine manufacturer Vestas said on Wednesday.
ITC can touch Rs 224: Rahul Mohindar
Rahul Mohindar, viratechindia.com feels that ITC can touch Rs 224 in month or so.
Rahul Gandhi: India's leader in waiting
The rise of Rahul Gandhi to India's top office is now more a question of when, not if.
Working on new technology for education sector: Sibal
The Centre is working on a 3D technology that will allow parents to have online access to any educational institution for admission of their wards, HRD Minister Kapil Sibal said today.
CSS to consider $3 bn deal to upgrade Mirage2000
The over USD 3 billion deal with France for upgrading the Mirage 2000 aircraft of the Indian Air Force (IAF) is expected to be considered by the Cabinet Committee on Security (CCS) at its next meeting.
Auto player Pricol to cross Rs 1,700cr turnover by 2015
Automotive electrical and electronic products major Pricol Ltd is expecting to cross a sales turnover of Rs 1,700 crore by 2015, a top company official said today.
MetLife India breaks even; posts Rs 35cr profit
Private sector life insurer MetLife (India) today reported a net profit of Rs 35.35 crore, first time since its incorporation, on improved operational efficiencies.
Tech Dev Board ties up with Nokia to create entrepreneurs
Ministry of Science and Technology's Technology Development Board (TDB) will launch a 'Knowledge to Wealth' initiative with mobile phone giant Nokia next month to encourage entrepreneurship among students in the country.
Mercator Lines plans IPO of coal mining unit
One of India's largest shipping company Mercator Lines has planned to launch initial public offering (IPO) of its coal mining unit, reports CNBC-TV18 quoting DowJoneswire.
A leader in waiting for world's largest democracy
The rise of Rahul Gandhi to India's top office is now more a question of when, not if.
121 central govt officials under CVC scanner
Nearly 121 central government employees, including one from CBI, are under Central Vigilance Commission (CVC) scanner for their alleged involvement in corrupt practices.
Tata Steel may invest early to acquire raw material assets
Entirely reliant on non-captive sources to feed its plants in Europe, Tata Steel will stick to long-term policy of being an "early stage investor" when it comes to acquiring raw material assets, a senior company official said.
Microsoft launches Microsoft Office 365!
Software giant Microsoft today launched its Microsoft Office 365 in India, which will enable enterprises in the country to access solutions like email and other collaboration tools on a pay-per-use model.
Readymade Steel India IPO subscribed 1.68 times
Readymade Steel India's IPO has received mild response from investors. It has managed to get subscribed nearly 1.68 times on last day today, supported majorly by retail investors - as per data available on National Stock Exchange.
6 accused in TISS gangrape case acquitted: Bombay HC
The Bombay High Court today upheld acquittal of the six students charged with gang-raping a US national by dismissing the appeal filed by Maharashtra government challenging the earlier verdict of a trial court.
Bank credit up 20.9%, deposits rise 17.7% in 12 months
Credit offtake from banks grew by 20.9% to over Rs 41 lakh crore during the one-year period ended June 17, 2011, indicating an upswing in industrial activity.
Price hike to trim India's diesel demand, marginally
Higher prices at diesel pumps across India will nibble at demand rather than crush it as robust growth in Asia's third-largest economy fuels oil consumption.
PM fails to dispel policy paralysis fears
India's cornered Prime Minister Manmohan Singh brushed aside on Wednesday widespread criticism that he was a "lame duck" leader presiding over a government mired in graft and policy paralysis, but offered little in way of policy steps he would take up.
China says military talks with India successful
China's Defence Ministry said on Wednesday that a recent visit by an Indian military delegation had been successful and would benefit relations after a freeze in ties last year over a visa row.
Panel to decide on rice, wheat exports: KV Thomas
The food ministry is not against grains exports and a panel of ministers will decide on rice and wheat exports, food minister KV Thomas said on Wednesday, without specifying any time frame.
PM rules out inclusion of higher judiciary in Lokpal
Asserting that he has no hesitation in subjecting himself to the jurisdiction of Lokpal, Prime Minister Manmohan Singh today ruled out inclusion of higher judiciary within the ambit of the anti-corruption ombudsman.
Fund flows to India weakest among emerging market peers
Foreign fund flows into India have reduced significantly as the country witnessed inflows of just USD 40 million in the last three months, the weakest among its emerging market peers, says a report.
Vishal Retail to sell properties to raise Rs 50cr
Vishal Retail today said it plans to sell four properties for an estimated value of Rs 50 crore to clear debt and partly fund new expansion under the 'V2 Retail' brand.
Strides inks pact with Malaysia's Bio-XCell
Drug firm Strides Arcolab today said it has entered into an agreement with Bio-XCell Sdn Bhd for establishing a facility in Malaysia to manufacture biopharmaceuticals and sterile injectables.
