Citibank has unearthed a banking fraud allegedly engineered by its relationship manager Shiv Raj Puri that could run up to $100 million at its Gurgaon branch in the north Indian state of Haryana.
In a reflection of shifting loyalties, India, who had long termed Iran a 'natural partner,' now joined hands with the U.S. on sanctions against the former over its nuclear ambitions.
General Motors Co shares rose as much as 3.1 percent and closed 2.1 percent higher on Tuesday after banks resumed coverage of the automaker with high marks for its strong post-bailout balance sheet and its position in emerging markets.
General Motors Co shares rose as much as 2.5 percent in midday trading on Tuesday after banks resumed coverage of the automaker with high marks for its North American sales and position in emerging markets.
Nokia Siemens Networks said it should complete its acquisition of Motorola's wireless infrastructure assets in the first quarter of 2011, once Chinese regulators give the nod.
Nandi Economic Corridor Enterprise (NICE), executor of the controversial Bangalore-Mysore expressway, plans to raise about $450 million through an initial public offer (IPO).
48% of US Companies are predicted to hire logistics grads in 2011 but suffer severe talent crunch
Nasdaq-listed iGate, owned by former marketing head of Infosys Phaneesh Murthy, agreed to buy Patni Computer Systems for $1 billion in shares.
Dai-ichi Life Insurance Co will take full control of Tower Australia Group Ltd for $1.2 billion in cash, the latest in overseas acquisitions by Japanese insurers keen to move away from a stagnant home market.
India’s Bombay Stock Exchange (BSE) has introduced a new stock index which comprises companies that satisfy the legal codes of Islam.
India’s top three software services companies Tata Consultancy Services (TCS), Infosys Technologies Ltd and Wipro Ltd are all set to award their employees promotions and reward them with bigger hikes and perks come 2011 to retain best talent amidst competition from their rivals.
A consortium of Apax Partners and iGate are close to buying 63 percent of Patni Computer, a source with direct knowledge of the matter told Reuters on Monday, in a deal valued at about $915 million.
Call it the year of feast and famine.Many of the world's big advanced economies have pledged frugality for 2011 while fast-growing emerging markets run the risk of overheating. The global economy must withstand both forces in order to live up to growth expectations.
India's advanced GSAT-5P communication satellite launched on Saturday disappeared in plumes of smoke within seconds after blastoff.
Amidst tightened security, as happening events by the beach side will usher in the New Year in this state on western coast of India, here’s a list of attractions you must look forward to while in Goa on New Year’s Eve
Amnesty International on Saturday condemned the life sentence handed to Indian rights activist Binayak Sen over his alleged Maoist links, stating that it violates 'international fair trial standards'.
To celebrate the 5000th anniversary of Indian jewelry, Tata Group along with Titan is set to produce a gold finish Tata Nano, the world's cheapest car.
NORAD Tracks Santa, the annual Christmas tradition, is gaining popularity like never before. But did you know that the U.S. military department NORAD has been keeping a close eye on Santa's flight since 1955 and the idea was born in 1897?
A minor tech glitch in the heart of tech corridor of Bangalore, India’s tech city hasn’t been set right in two months.
Dutch navigation device maker TomTom expects more deals with car producers and will increase its workforce by about 14 percent next year as it seeks market share in Asia, its chief executive told a Dutch paper.
Core OPEC ministers said on Friday they saw no need to supply the world with more crude as oil prices traded near a two-year high and some consumers said they fear a rally above $100 per barrel would spur inflation.
Oil hovered around its highest levels in more than two years on Friday, supported by cold weather across the globe, appetite for risk assets and signals from OPEC it would not arrest the rally.