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Satyam's fraud probe leads to 2 other companies

India's government ordered its Serious Fraud Office to investigate two companies that may be linked to the fraud at Satyam Computer Services Ltd. regarded as the largest in India's corporate history.

Satyam's directors search for financing, Raju's suceesor

Directors of Satyam Computer Services Ltd.' appointed by India's government were set to meet Saturday to discuss ways the company can receive financing after the state rejected a rescue bid.

World's Top 25 Hotels

Who says there aren?t any surprises anymore?Sure, the 25 best hotels on the T+L 500?the annual list of the world?s top 500 properties, as chosen by Travel + Leisure readers?include many familiar names: Four Seasons, Oberoi, Ritz-Carlton, and Taj. There are also familiar places: former maharajah?s palaces in India, swanky city hotels in the U.S., and opulent game reserves in South Africa all score....

News and Deals For the Global Traveler

As Brazil becomes one of the world?s major players in investment opportunity, airlines are vying to offer new flights and routes. American Airlines launched service from Miami (MIA) to Recife (REC) and Salvador da Bahia (SSA) on Nov. 2 and to Belo Horizonte (CNF) on Nov. 4. Delta Air Lines inaugurated daily flights from Atlanta (ATL) to Rio de Janeiro (GIG) and Manaus (MAO) in late November, alo.....

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Names of blacklisted Indian IT firms released by World Bank

The World Bank said on Sunday it plans to publish the names of all companies it bars from receiving Bank contracts, and named three Indian firms.

Appointment of Satyam's new board members cheered by India Inc.

Corporate India has welcomed the confidence-building measures taken by the Indian government over the weekend.

Shaky future: Satyam employees frustrated, seeking options

The future of 53,000-odd employees of beleaguered technology outsourcer Satyam Computer Services or Satyamites as they are popularly known is at stake following the sensational disclosure by the company's founder-chairman last week that he had fudged the company's accounts for several years to inflate profits by $1 billion.

Police arrest author of India's largest corporate scandal

Satyam Computer Services Ltd. Chairman Ramalinga Raju was arrested on Friday by Indian authorities, two days after he resigned admitting he falsified the company's profits for several years for up to $1 billion fraud.

Market shocked by Satyam fraud admission

Mumbai - The market reacted with shock, Wednesday, after the promoters of beleaguered technology outsourcer Satyam Computer Services admitted to cooking up its books to the tune of $ 1 billion.

Investors sue Satyam on colossal fraud, CEO missing

Investors filed lawsuits against Indian Satyam Computer Services on Thursday one day after the company's CEO resigned and confessed to manipulating the company's accounts to show enormously inflated profits and false assets.

India's Satyam chief admits fraud, shares drop nearly 90 pct

The chairman of Indian firm Satyam Computer Services Ltd. resigned today admitting the company falsely inflated profits for several years. Shares of the company dropped nearly 90 percent.

Factories slash output, jobs around world

Factories in China and India joined much of Europe in slashing output and jobs at a record pace in December, another sign the biggest emerging markets were wilting under the recession gripping industrialized nations.

M&S profits top £1 billion

Marks and Spencer (M&S) said on Tuesday that its pre-tax profit for the full year ended 29 March just exceeded £1 billion, an increase of 4.3 per cent from the previous year.

Merck and Ranbaxy in 5-Year Deal to Develop Anti-Infective Products

India's biggest drug manufacturer Ranbaxy Laboratories Ltd. and Merck & Co. agree to develop new anti-infective products, the companies reported in a statement on Monday.

Crude oil falls from new record amid concerns over high prices

Crude oil fell on Monday from a record over $126 a barrel as slumping crude imports from China concerned investors that recent high prices may be weighing on demand.

World begins to smart from oil's too rapid rise

From the poorest of Africa to the United States and big business, a breakneck rally that could take oil to $200 a barrel is likely to inflict pain on everyone.

PRECIOUS METALS: Gold Gains as Oil Hits Record $124 a barrel

Gold futures ended with strong gains on Thursday as record energy costs and weakness in the U.S. dollar boosted the demand for a hedge against inflation.

Murugappa Group to inject Rs.1300 crore on expansion

Chennai-based business conglomerate, Murugappa Group said it has set aside Rs.1300 crore ($325 million) in the current fiscal towards business expansion.

Maxis Communications to invest $5 bln on Indian business expansion

Malaysia's top mobile phone operator, Maxis Communications, said it will invest $4-5 billion over the next 2-3 years to expand its business operations in India.

Mukesh Ambani's $2 billion home is world's most expensive private property, says Forbes

Mukesh Ambani, the world's fifth richest man with a net worth of $43 billion, has set a new record - owning a home worth a whopping $2 billion.

Nasscom-Kearney study on IT-BPO industry identifies small cities with big potential

Nasscom or National Association of Software and Services Companies, the consortium that serves as the apex body of the Indian IT software and BPO industry, together with global management consulting firm AT Kearney has released a comprehensive assessment report of 50 locations in India suitable for the IT - BPO industry titled 'Location Roadmap For IT- BPO Growth: Assessment Of 50 Leading Cities.'

BSE Sensex continues downslide, loses 118 points on profit booking

Sensex, the prime index of the Bombay Stock Exchange (BSE) continued its downslide on Tuesday, declining 0.67 percent on profit booking as investors continued to remain wary of global market developments.

Vodafone to Offer Apple iPhone in 10 Countries; Multiple Carriers in Italy

Vodafone Plc announced on Tuesday that it has signed an agreement with Apple, Inc to sell its iPhone device in ten countries and two carriers in Italy.

Crude oil reaches $122 a barrel on fears of strained supplies

Crude futures reached $122 a barrel inTuesday's trading as supply disruptions, overseas growing demand outlook and a falling dollar sent the prices to new all time records.

Vodafone to bring Apple iPhone to India

Vodafone India, the arm of UK based world's largest wireless telecom company Vodafone, is likely to bring the much awaited, versatile and Macintosh operating system based Apple's iPhone to India this September as per market speculations ripe in the country.

Wheat Drop as India Cut-Off International Purchases, Turns to Local Farmers

Wheat posted declines on Friday on concern of reduced global demand as India, the second largest consumer shifts to purchasing grain from local producers.