BUSINESS

The media sector in Asia’s third-largest economy is expected to grow at an annual average of over 14 percent for the next five years, according to a report released Wednesday.

Vijay Mallya, once known as the “King of Good Times,” mainly because of his lavish lifestyle, owes an estimated $1.3 billion to several banks in the country.

The deal would be the first nuclear commercial power project since the U.S. and India agreed in 2008 to cooperate in the civil nuclear arena.

Apparently endorsing the plans, Warren Buffett's Berkshire Hathaway increased its stake in the bank to 10 percent, regulatory filings said.

Meanwhile, the U.S. dollar's weakness has been a boon to the Australian and New Zealand dollars, which both soared to nine-month highs.

With one trading day left in a highly volatile first quarter, the Dow and S&P 500 have managed to eke out modest gains.

The burrito chain has sought a trademark for the name ‘Better Burger,’ suggesting that it has plans to open a new restaurant format.

First-quarter earnings could show a 100 percent slide for oil and natural gas businesses as low prices continue to crush producers.

After a marathon board meeting in Mumbai, the Indian steel giant said the financial performance of the division had deteriorated sharply in recent months.

Historically low economic growth is likely here to stay, said Charles Evans, president of the Chicago Federal Reserve Bank.

Those with coverage via the Affordable Care Act are less healthy than other insured people, but that isn't necessarily a problem, a report says.

A Washington judge ruled that the insurance giant shouldn't be designated as systemically important any longer.

After 13 years and three vehicle introductions, the cash-bleeding maker of electric cars is about to unveil its most important product.

But a jury in Manhattan declined Wednesday to award damages to two people who said they were injured in a car accident caused by the defect.

Positive jobs data released Wednesday helped extend a rally that began after U.S. Fed Chair Janet Yellen's policy speech a day earlier.

Despite attempts by the European Central Bank to bolster economic growth, confidence in Europe’s economy is faltering.

The new data come ahead of the U.S. Labor Department’s more comprehensive non-farm payrolls report on Friday.

A top Chinese research institute said in a new research that the proportion of working age people is expected to fall from 66 percent in 2015 to under 57 percent by 2030.

Bloomberg reported, quoting an unidentified source, that the Tokyo-based company’s air bag recalls may cost it $24 billion in the “worst-case” scenario.

The widely expected announcement came after weeks of dramatic negotiations that saw the deal value fall by a third from its original offer.

“Hundreds of executives and managers” are likely to be laid off statewide in the initial stages of the company’s major cost-saving drive.

India's Tata Steel, Britain's largest steelmaker, said the financial performance of its U.K. arm had deteriorated substantially in recent months.

Asian shares gained Wednesday as markets scaled back expectations for how fast and far U.S. interest rates might rise this year.

More than 160,000 people have signed a petition against the experimental release of a mosquito, genetically engineered to die out, into the Florida Keys.

The Parliament just adopted one of the world’s toughest curbs on bankers’ salaries to narrow the pay gap between workers and bosses.

The Fed chief’s comments in a speech about the economy Tuesday come as the gap between the Fed’s hawks and doves has grown more apparent.

The Fed chair expects headwinds from weak growth abroad, low oil prices and uncertainty over China to abate and let the recovery continue.

The clean energy giant is on the verge of bankruptcy, regulatory filings show. Its share price has plunged 96 percent since July.

It's the second case where the high court has split 4-4 since Justice Antonin Scalia died, with more likely before the term ends in June.