The 105-year-old, 20-story luxury hotel is currently jointly owned by El-Ad Properties, an Israeli-owned real estate firm; and Kingdom Holdings, a company based in Saudi Arabia.
Something strange is going to take place next week at the G-20 summit: Europe, long accustomed to sending aid through the International Monetary Fund to developing nations, will pass a collection plate to many of those same countries. But to get such help, which could be as much as $105 billion from four major emerging economies, European nations will have to surrender some control of the IMF.
The Delhi High Court Wednesday issued notices to the Indian government and Air India management on the striking pilots' plea for their salaries for March.
Wal-Mart lawyers have identified India, China, South Africa, Brazil and Mexico as the most corrupt countries, according to a letter from two congressmen investigating the bribery charges leveled against the company.
India's external affairs minister S M Krishna Tuesday sought to assuage the foreign investors' concerns over the country's economic growth.
The Indian economy will grow by 6.9 percent in the current financial year despite government's inaction in policy reforms and the fiscal and current deficits that slackened economic growth, says the World Bank.
Asian markets rose Wednesday but gains were weighed down as investors were worried about the debt crisis lingering over the euro zone.
Stanford University is testing out the new program Congestion and Parking Relief Incentives, or Capri, to decrease traffic congestion by paying drivers to commute at off-peak hours.
What started as a family construction firm in the 1960s, Essar Group, based in Mumbai India, now is a behemoth of a company. It is fully integrated in steel production, oil and gas production and refining, electric generation and shipping on five continents with revenue of more than $27 billion.
Indian border officers have killed almost 1,000 people at the Bangladesh-West Bengal border over the past decade (including both Bangladeshi and Indian nationals).
India's supply of liquified natural gas (LNG) is set to expand as Petronet, the country's largest LNG importer, seeks $1 billion to expand its import capacity.
Indian retail sector, which is one of the fastest growing in the world, is under immense pressure to allow the Foreign Direct Investment. With multi-national retail giants like Wal-Mart and CarreFour and foreign investors lobbying the government to throw open the retail sector, the government has made several futile attempts in the past two years to allow FDI in retail.
The auction is expected to raise more than three million pounds.
The mini-war killed more than 900 people on both sides and wounded another 1,800.
Crude oil futures declined on Tuesday amid concerns that Spain's banking bailout may not be enough to rescue the country from the financial crisis.
The Index of Industrial Production for April rose just 0.1 percent, corroborating fears that economic slowdown will persist in the current quarter.
Asian stocks fell Tuesday as optimism on the 100 billion euro ($125 billion) aid for Spanish banks faded, and markets failed to uphold the gains made Monday.
Argentina wants to negotiate a handover of the islands to Buenos Aires, while London adamantly refused to do any such thing.
Since the eruption of violence, 500 houses have been burned or razed in the region, while 5,000 people have become homeless.
Credit rating agency Standard and Poor's (S&P) Monday said that India could lose its investment grade rating due to its weak GDP growth rate and political roadblocks to economic policymaking.
Google was targeted for unethical and anti-competitive business practices once again when a non-profit organization working on public interest issues filed a complaint against the search engine giant with the anti-trust body, Competition Commission of India (CCI), Friday. This comes at a time when Google India is already facing a formal probe on a similar complaint filed by an Indian matrimonial site.
Standard & Poor's said on Monday that India could become the first of the so-called BRIC economies to lose its investment-grade status, sending the rupee and stocks lower, less than two months after cutting its rating outlook for the country.
