INDIA

RBI Signals End of Tightening Cycle

RBI
The Reserve Bank of India (RBI) raised interest rates on Tuesday for the 13th and possibly final time in a tightening cycle that began in early 2010, on expectations that persistently high inflation will finally begin to ease starting in December.
India's Central Bank Governor Duvvuri Subbarao speaks at the BRICs finance ministers' news conference in Washington

India Central Bank Raises Rates

India's central bank raised interest rates on Tuesday for the 13th time since early 2010 but said it was likely to hold off on further increases as it expects high inflation to ease beginning in December.
More news
BSE Sensex rises tracking Asia

Sensex rises 1.9 pct; RIL, Banks Lead

The BSE Sensex rose as much as 1.9 percent on Monday, with index heavyweight Reliance Industries and banking stocks leading the gains, as investors grew optimistic about renewed efforts by European leaders to limit the region's debt crisis.
IBTimes Logo

GE growth meets forecasts, but margins a worry

General Electric Co reported earnings that met Wall Street expectations, but its shares slipped 1.4 percent as investors worried about declining profit margins at its energy equipment division.

Dhoni Leads India to Series Victory

India pulled off a thrilling five-wicket victory over England with four balls to spare in the third one-day international on Thursday to take an unassailable 3-0 lead in the five-match series.
Kiran Mazumdar-Shaw, chairman and managing director of Biocon Ltd., speaks during a news conference in the southern Indian city of Bangalore March 8, 2007.

Biocon Q2 Net Drops as Energy Costs, Wages Rise

Biocon Ltd, India top biotechnology company, reported a 4 percent drop in quarterly profit due to higher energy costs and rise in wages, but said strong demand from branded formulations offered opportunities for growth.
Jorge Goncalvez in action during qualifying for the 2011 Kentucky 100

Could IRL Learn from Dan Wheldon's Death and Return of Formula 1 to U.S.?

Formula 1 is all set to make a competitive return to the United States of America. The re-introduction of Formula 1 – administered by the Federation Internationale de l'Automobile (FIA) and enormously popular across Europe and Asia – will certainly throw up comparisons between IndyCars and F1, if only because the latter is, in terms of racing designs and category of race car, the closest thing to an IndyCar.
IBTimes Logo

Actor sues Hangover 2 makers saying they stole his life

Why anyone would publicly admit that The Hangover 2 was based on his own life is a mystery, but that's exactly what's happened in a lawsuit filed by an aspiring actor and filmmaker who claims the movie's makers lifted the plot from his life experiences.
BSE Sensex rises tracking Asia

BSE Sensex Drops 1.5 pct; TCS Leads Losses

The BSE Sensex fell more than 1.5 percent on Tuesday, dragged down by IT stocks after Tata Consultancy Services reported lower-than-expected quarterly earnings and said the outlook for pricing was tough.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.