Budget Cuts

President Barack Obama chided Republicans on Saturday for approving a plan to ease air-traffic delays caused by federal spending cuts while leaving budget cuts that affect children and the elderly untouched.

Obama firm on US tax rates amid Republican infighting

President Barack Obama dangled the possibility on Tuesday of lowering tax rates in 2013 with a broad US tax code revamp, but he stood firm on insisting rates for the wealthiest must rise as part of a deal to avert the "fiscal cliff," a series of budget cuts and tax increases that will begin taking effect on December 31, unless Congress acts.

MindTree up 10% on strong Q4, What's behind the turnaround?

MindTree shares jumped over 10% on Tuesday after the software service provider reported better-than-expected earnings in the fourth quarter.

Greek parliament approves health cuts

The Greek parliament approved an extension of pharmacy opening hours and cuts to drugs spending on Thursday as part of a package of healthcare reforms agreed in return for last week's 130 billion euro international bailout deal.

France cuts deep, hikes taxes to hold into AAA rating

In what may be the toughest austerity measures since World War Two, France has announced budget cuts worth 65 billion euros over the next 5 years.

Infosys' Kris sees budget cuts next year, not now

CNBC-TV18 catches up with Kris Gopalakrishnan, a well known name in the Indian IT space as well as the global IT space, as part of the Emerging India Awards 2011. Kris is one of the founding members of the original Infosys team that has taken it from a company that was started with just Rs 10,000 crore to a USD 6 billion dollar enterprise now.

Cisco sales beat Street despite competition fears

Network equipment maker Cisco Systems Inc's quarterly results beat expectations, despite concerns about increasing competition and budget cuts among its debt-burdened clients in the public sector.