The JSW Group, a part of the $4 billion O. P. Jindal Group has announced its plans of injecting Rs.7525 crore in four different projects in Tamil Nadu within the next three years.
Worldwide distributor of plumbing and heating products Wolseley Plc has announced the axing of 3,000 jobs today in its first Interim Management Statement.
American International Group is interested in expanding into consumer finance in South Korea and may buy Korean companies to grow its businesses, the head of its Korean life insurance unit said on Thursday.
Hyundai Mobis Co said on Thursday China would account for half of its international unit's sales within five years, rising from the current 10 percent.
An explosion crippled the biggest pipeline supplying Canadian crude to U.S. Midwest refineries, shutting off more than 1 million barrels per day of imports to the world's biggest consumer.
National Bank of Canada swung to a fourth-quarter loss on Thursday, after previously warning that it would take a big charge on asset backed commercial paper.
Toronto-Dominion Bank, which plans to acquire New Jersey-based Commerce Bancorp early next year, posted a 44 percent jump in fourth-quarter profit on Thursday thanks to strong results in its wealth management and retail banking businesses.
Shares of Freddie Mac surged on Wednesday as strong demand for a record preferred stock issue signaled the second-biggest provider of U.S. home funding could access capital even in turbulent markets.
Russia will become Europe's biggest car market in 2009, overtaking Germany, Volkswagen's chief executive told reporters late on Wednesday during the group's official opening of its new plant in Kaluga outside of Moscow.
Ford Motor Co has agreed to settle class-action litigation covering plaintiffs in four states who claimed its Explorer sport utility vehicles were prone to rollovers, Ford said on Wednesday.
China has published a blacklist of substandard toy jugs and children's shoes sold at Wal-Mart stores and drawing pens from French retailer Carrefour in a quality sweep on children's goods sold at Beijing supermarkets.
Sears Holdings Corp reported sharply lower quarterly profit on Thursday as sales at stores open at least a year fell at its U.S. Kmart and Sears stores.
Online brokerage E*Trade Financial Corp, which has been pounded by credit woes in the mortgage business, said on Thursday that it was getting a $2.55 billion cash infusion from investors led by Citadel Investment Group.
Toyota Motor Corp (7203.T) said on Wednesday it would recall 215,020 units of the Lexus GS, Crown and three other high-end car models in Japan to fix a faulty fuel pipe that could lead to a fuel leakage.
Bear Stearns Cos Inc (BSC.N) is cutting 650 jobs or 4 percent of its global workforce as the investment bank seeks to lower costs after losing bets on risky subprime mortgages. Of those cuts, around 20 will be in London, both in the front and back office, a source familiar with the situation said on Wednesday. The bank employs about 1,500 in London.
Indian fund assets could more than triple to $500 billion in the next five years, with half of that held in global products as investors seek diversified portfolios, the head of ING Groep's Indian fund arm said.
Citigroup Inc got a call from a prominent investment banker suggesting a merger with Bank of America Corp as it was dealing with billions of dollars in mortgage-related losses and the departure of Chief Executive Charles Prince, Citigroup's board dismissed the informal approach as totally out of hand and no discussions have taken place, according to a report.
Big business is shoveling more money than ever into U.S. political campaigns, with Wall Street donations way up, a watchdog group said on Tuesday. The securities and investment industry -- which includes brokerages, hedge funds and private equity firms -- registered the sharpest increase in giving since 2004 among all industry sectors.
In an effort to boost sales, advertisers are exploring new technologies to provide consumers with more relevant ads in emerging platforms such as mobile phones and TV/ web hybrids.
Citigroup Inc's decision to raise $7.5 billion in capital is a signal to analysts and investors that the largest U.S. bank is likely to have a rough fourth quarter -- perhaps even worse than it has projected. Citigroup may not be overpaying for the capital, according to convertible bond experts, but if the bank was ready to post excellent results in coming quarters, it would not likely be paying 11 percent a year for money from Abu Dhabi, investors said.
UK car dealer Pendragon has issued its second profit warning in five months, saying the company expects to miss full year profit targets by £12 million.
Citigroup Inc is selling up to 4.9 percent of itself for $7.5 billion to the Gulf Arab emirate of Abu Dhabi, giving the largest U.S. bank fresh capital as it wrestles with the subprime mortgage crisis and the resignation of its chief executive. The capital injection will shore up Citi's balance sheet, which has been hurt by some $6.8 billion of writedowns and losses in the third quarter, and the potential for another $11 billion in the fourth quarter.
Tata Motors, a group company of India's leading tea-to-truck business conglomerate is reportedly ahead in the race to acquire ailing U.S. automaker Ford Motor Co.'s British luxury car brands Land Rover and Jaguar which was put up for sale earlier this year.
Leading U.S. retailer Wal-Mart said Monday it is nearly tripling the number of its online sales this year, offering deals for the entire week entire week.
Merrill Lynch & Co Inc Co-President Greg Fleming told employees on Monday he has tremendous confidence in the company's long-term prospects and said the company's strategy is fundamentally sound. Our core businesses continue to perform well, our strategy is fundamentally sound and our incomparable global footprint and capabilities position us to take advantage of market opportunities around the world, he said.
Japanese heavy machinery maker IHI said on Monday it would sell property in Tokyo to Dai-ichi Mutual Life Insurance Co, posting an extraordinary gain of 77 billion yen ($710 million) this business year.
European planemaker Airbus wore two masks in China on Monday -- the joy of landing what could be its biggest ever aircraft order by volume, contrasted with growing despair over the plunging value of the dollar.
Sumco Corp, the world's second-biggest silicon wafer maker, said on Monday its profit slipped in the nine months to Oct. 31 on strong sales of wafers used to make microchips, but it kept its full-year forecast.
Prospective buyers of online brokerage E*Trade Financial Corp are haggling over the value of its weakening mortgage portfolio, the Wall Street Journal reported Monday in its online edition, citing sources familiar with the matter.
Citigroup, the No. 1 U.S. bank by assets, is planning major job cuts over the coming months, CNBC television reported on Monday.
