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Venture capital looks to find its global footing

Faced with mounting pressures of doing business in Silicon Valley, the venture capital industry is going global, albeit in stops and starts that reflect the risks of doing business in foreign lands.

India presses Australia on uranium deal

India has strongly urged Australia to change its nuclear policy and supply uranium to power its booming economy.

Reliance to set up integrated port in Gujarat

Mukesh Ambani-led Reliance Industries Limited (RIL) is all set to make a mega investment, running in thousands of crores, in developing an integrated port on India's western coast of Gujarat.

UWB merger may affect IDBIâ€™s financial profile: S&P

Industrial and Development Bank of India (IDBI) which has won the race for acquisition of ailing United Western Bank (UWB), held a board meeting on September 21 to discuss the Reserve Bank of India's (RBI) draft scheme for amalgamation, even as global rating agency Standard & Poor's has warned that UWB's huge bad loans may affect the acquirer's financial profile negatively.

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IMF to pursue internal reforms, World Bank to follow

An agreement to boost the voting power of emerging nations in the International Monetary Fund is just the start of a difficult process, the IMF's head said on Wednesday, as the World Bank signaled it was ready to go the same route.

India Seeks to Import Liquified Natural Gas

The head of the India's state-owned Oil and Natural Gas Corp. (ONGC) said on Tuesday that the company was in talks with parties in Egypt, Qatar and Australia to import at least five million tons of Liquefied Natural Gas (LNG) annually.

Daewoo Electronics play hard to get, Videocon edgy

India's leading consumer goods manufacturer, Videocon, is within an arm's length to acquiring South Korea's third largest electronics company, Daewoo Electronics, but certain riders attached by the ailing company relating to its takeover may persuade the Indian company to give it a second thought.

Ministers endorse World Bank anti corruption plan

Finance ministers on Monday endorsed a controversial new World Bank strategy for tackling corruption in developing countries

Global Growth May be Cresting, IMF Warns

World economic growth may be cresting after the strongest showing in three decades, making it imperative that countries revive global, market-opening talks to tap the benefit of expanded trade, the head of the IMF said on Tuesday.

South African Refiner SAPREF Delays Refinery Restart to October

South African refiner SAPREF has delayed the full start-up of its 180,000 barrels per day plant in Durban until the beginning of October, extending its shutdown to more than three months, a company spokeswoman said on Monday.

Investors bet on rising costs for scarce water

Investors who have seen energy prices rocket due to scarce supplies are starting to wager that forecasted shortages will cause the value of water to skyrocket

Finance ministers back World Bank plan

Finance ministers on Monday backed a controversial new World Bank strategy for tackling corruption in developing countries but insisted on overseeing how it is implemented

Centurion-Lord Krishna Bank merger approved

India's Centurion Bank of Punjab Ltd. (CBP) will acquire privately held Lord Krishna Bank (LKB) in an all stock deal, its Chief Operating Officer Anil Jaggia has announced.

Toyota joins hands with Karnataka Govt. for rural drinking water project

Toyota Kirloskar Motor Limited (TKML), a joint venture between Toyota Motor Corporation and the Kirloskar Group, has initiated a rural drinking water project for the residents of Ramanagara town in collaboration with the Karnataka government.

Videocon preferred bidder for Daewoo Electronics

A consortium of India's leading electronics and energy major, Videocon Industries Limited and US fund Ripplewood Holdings has emerged as the preferred bidder to buy South Korean appliances maker Daewoo Electronics.

Europe's largest home improvement retailer Kingfisher on Thursday posted a 12.6 percent rise in pretax profit to 223.1 million pounds. REUTERS/Handout

BT Group announced growth targets on Thursday for its Global Services business, which provides IT network services and is the former state monopoly's fastest growing division.