INDIA

Asia stocks concede early gains, sentiment wary

Asian stocks rose on mild bargain buying after a sell-off last week, while the euro hovered near a nine-week high before a Fed meeting this week where it is expected to paint a cautious view of the world's biggest economy.

BSE Sensex up in choppy trade, SBI leads

India's benchmark share index is displayed on the facade of the Bombay Stock Exchange (BSE) building in Mumbai October 29, 2007. India's main share index crossed 20,000 for the first time on Monday, boosted by strong overseas markets and led by gains in R
The BSE Sensex was up 0.8 percent on Monday led by financial firms, but trading was choppy a day before the Reserve Bank's monetary policy and mixed Asian markets.

RBI almost certain to raise rates on Jan. 25

The Reserve Bank of India (RBI) is expected to resume its rate hike cycle at its quarterly monetary policy review next week as soaring inflation stalks Asia's third-largest economy.
More news

Brazil urged to upgrade its ‘poor’ infrastructure

With two major international sports events, 2014 World Cup and 2016 Olympic Games, scheduled to be held in Brazil in the next five years, it’s high time the country should improve its “substandard” tourism infrastructure, according to the Brazil Tourism Report Q1 2011, released recently.
IBTimes Logo

Bangalore in no mood for shutdown

As Karnataka plunges into another political crisis, the capital city Bangalore seems to be in no mood for the BJP-called shutdown.
IBTimes Logo

Gold hits two-month low as haven appeal wanes

Gold touched a two-month low in Europe on Friday, pressured by a firmer appetite for assets seen as higher risk on expectations the economic recovery was gaining traction, but a retreat in the dollar prevented a steeper drop.

S. Korea rescues hijacked ship from Somali pirates

Special Forces from South Korea stormed a cargo ship taken over by pirates in the Arabian Sea and rescued the 21-member crew. The rescue attempt occurred a week after the cargo ship, Samho Jewelry, was hijacked by Somali pirates. The ship had eight South Koreans, two Indonesians and 11 people from Myanmar and was carrying chemicals from the UAE towards Sri Lanka.
IBTimes Logo

Post-Market Earnings Wrap (GOOG, AMD, COF, WIT, ED)

The companies that reported earnings after the markets close on Thursday are: Google, AMD, Capital One, International Game Technology, Wipro, Consolidated Edison, Maxim Integrated, Flextronics, Intuitive Surgical, Polycom...
IBTimes Logo

Asian stocks slide as policy worries intensify

Asian stocks tumbled and commodities paused on Friday after a recent selloff on worries that rising inflation may invite aggressive policy tightening and hurt growth in the world's growth engines like China and India.
A vendor arranges vegetables at a market in Lucknow in this May 6, 2010 file photo.

Possible solutions to high food inflation

India's food inflation eased for the second straight week due to lower fruit and vegetable prices, data showed on Thursday, but an acceleration in headline inflation in December is likely to put pressure on the central bank to raise rates at a policy review next week.
IBTimes Logo

Wipro IT chiefs quit; Q3 net meets f'cast

Wipro Ltd surprised markets with the resignations of the joint-CEOs of its information technology business, after reporting profit growth rates which lagged rivals Infosys Technologies LTd and Tata Consultancy Services.
IBTimes Logo

Wipro net profit jumps 10 pct

Wipro, India's third-largest software exporter, said a deluge of outsourcing orders helped the company see its third-quarter jump 9.6 percent.

Freddie Mercury: The world’s first Indian rock star

One of the greatest, most popular and iconic rock-and-roll stars of all-time was of Indian descent – Freddie Mercury, the charismatic (some would sneer over-theatrical) lead singer of British music group Queen.

Safaricom says bond tranche fully subscribed

Safaricom's second tranche of its five-year medium-term note worth 4.5 billion shillings was fully subscribed, the Kenyan mobile phone operator's chief executive said on Thursday.
IBTimes Logo

Boeing to cut 1,100 workers on C-17 program

Boeing Co said on Thursday it would lay off 1,100 workers who make the company's C-17 cargo plane, as it scales down assembly rates to extend the life of the production line.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.