The rupee was off session lows in early trade on Wednesday, but still remained close to its record low ahead of the outcome of the Federal Reserve meeting that may signal a tapering down of the U.S. stimulus ... More » Rupee approaches record low ahead of Fed meeting

Optimism among Asia's top companies gathered momentum in the second quarter despite lingering concerns about the global economy and rising costs, the latest Thomson Reuters/INSEAD Asia Business Sentiment ... More » Q2 ThomsonReuters/INSEAD Asia Business Sentiment Survey - by sector

Optimism among Asia's top companies gathered momentum in the second quarter despite lingering concerns about the global economy and rising costs, the latest Thomson Reuters/INSEAD Asia Business Sentiment ... More » Q2 ThomsonReuters/INSEAD Asia Business Sentiment Survey - by economy

Asia will spearhead the rise in global stock markets from now until the end of the year, according to a worldwide Reuters poll that showed only modest gains ahead for North American and European shares. ... More » Asian stocks to lead the way to year's end, Fed seen pulling back - Reuters Poll

Facebook Inc said on Tuesday it now has 1 million active advertisers globally who used the platform in the last 28 days, a milestone for the company that is seeking to revive its revenue growth. A vast ... More » Exclusive - Facebook reaches 1 million active advertisers

New Delhi, June 19 (IANS) The early and heavy monsoon rains in India have raised the hopes of a record plantation and sowing of kharif crops, a farmers' body representative said Tuesday. Sudhir Panwar, ... More » 'Early monsoon beneficial for kharif crops'

U.S. stocks advanced for a second straight day on Tuesday as investors bet the Federal Reserve would temper statements which were interpreted to mean a sooner-than-expected winding down of stimulus efforts. ... More » Wall St extends rise, investors see no change in Fed policy

By Jennifer Hoyt Cummings REUTERS - The number of millionaires in the world jumped 9.2 percent to 12 million last year, in part because of simultaneous strength in the stock, bond and real estate markets, ... More » The rich expand their holdings and increase in number - study

Thiruvananthapuram, June 18 (IANS) Kerala's business capital, Kochi will host the prestigious the World Economic Forum's India meet Nov 8-9, said Chief Minister Oommen Chandy Tuesday. Chandy told reporters ... More » Kochi to host World Economic Forum India Meet: Chandy

U.S. equities pushed higher on Tuesday as investors grew more confident that the Federal Reserve would temper its recent statements on the future reduction of U.S. monetary support, while still pointing ... More » World stocks firm, dollar slips against euro as markets await Fed

The world's rich economies said they would take a tougher stance on fighting money laundering and tax evasion but promised little in the way of specific new action at the end of a two-day summit on Tuesday. ... More » G8 pledges action on tax evasion, few concrete measures

Chennai, June 18 (IANS) Daimler India Commerical Vehicles Pvt Ltd, the Indian subsidiary of German automobile major Daimler AG, Tuesday announced shipment of 64 FUSO trucks to Sri Lanka. In a statement ... More » Daimler India starts truck exports to Sri Lanka

Kolkata, June 18 (IANS) The protest against the Barasat gangrape incident reached West Bengal Chief Minister Mamata Banerjee's seat of power Tuesday, as women employees of the state secretariat marched ... More » Women secretariat employees protest Barasat rape incident

New Delhi, June 18 (IANS) Gujarat continues to be one of the fastest growing states in India, but its growth may not be as as inclusive as Chief Minister Narendra Modi claims. The Planning Commission notes ... More » Planning Commission finds holes in Modi's much vaunted Gujarat growth model

New Delhi, June 18 (IANS) The Planning Commission Tuesday approved a Rs.59,000-crore Annual Plan for Gujarat. This includes central assistance to the State Plan of about Rs.3,979 crore. In addition, an ... More » Gujarat gets Rs.59,000 crore Plan approval

Panaji, June 18 (IANS) The Congress Tuesday alleged a scam in the proposed construction of a Sydney harbour-style bridge being built across the Tiracol river 50 km north of here. Addressing a press conference ... More » Congress alleges scam in Goa bridge construction

Mumbai, June 18 (IANS) The Indian rupee hit a record closing low of 58.77 against the dollar Tuesday on lingering worries over the country's current account deficit. The partially convertible rupee closed ... More » Rupee hits record closing low of 58.77 against dollar

Emerging markets are suffering a sharp pullback by investors fearful of a shock from China just as confidence in the world economy, and the euro zone in particular, rises, according to a survey of fund ... More » Investors back away from emerging markets on China fears - BofA survey

K. Ramchand, managing director at one of India's biggest road builders, is doing something unusual to help dispel the gloom pervading much of the country's infrastructure sector today: bidding for new ... More » Road building revival offers rare hope for infra overhaul

Chennai, June 18 (IANS) Information technology industry-lobbying body Nasscom feels there is no need to panic on the issue of restrictions placed by the US on H1-B visas. Speaking to reporters here at ... More » No need to worry at the US Bill restricting visas: Nasscom

Asia will spearhead the rise in global stock markets from now until the end of the year, according to a worldwide Reuters poll that showed only modest gains ahead for North American and European shares. ... More » Asian stocks to lead the way to year's end - Reuters poll

The dollar rose but equity markets stuck within tight ranges on Tuesday as uncertainty over the future of the U.S. monetary stimulus program kept investors on edge ahead of the Federal Reserve's policy ... More » Dollar gains, world shares subdued as markets await Fed

Mumbai, June 18 (IANS) A benchmark index of Indian equities market closed 102 points down Tuesday amid weakness in global markets. There was heavy selling pressure in the interest-sensitive stocks like ... More » Sensex closes 100 points down; bank, capital goods plunge

New Delhi, June 18 (IANS) The government Tuesday said it has cleared 16 foreign direct investment proposals worth Rs.1,646.87 crore. The largest money flow of Rs.961.74 crore is related to acquisition ... More » Government okays FDI proposals worth Rs.1,647 crore

Chennai, June 18 (IANS) Malaysian budget carrier AirAsia Tuesday formally announced the appointment of Subramanian Ramadorai, chairman of the National Skills development Corporation (NSDC), as its non-executive ... More » AirAsia India appoints Subramanian Ramadorai as non-executive chairman

Bangalore, June 18 (IANS) As India's tech hub and state capital, Bangalore will get more funds in the new budget for this fiscal (2013-14) to meet its infrastructure needs, Karnataka Chief Minister Siddaramaiah ... More » More funds for Bangalore in state budget: Siddaramaiah

New Delhi, June 18 (IANS) To make browsing more affordable for its users, Vodafone India slashed data charges by 80 percent in three circles of Karnataka, Uttar Pradesh West and Madhya Pradesh & Chhattisgarh ... More » Vodafone India chops data charges by 80 percent

Chennai, June 18 (IANS) Officials of the Income Tax department Tuesday conducted search operations in various offices belonging to SRM group having interests in education, news channel, transport and other ... More » Income Tax officials raid SRM group

New Delhi, June 18 (IANS) Domestic air passenger traffic increased 4.81 percent in May, the civil aviation ministry said Tuesday. According to the data furnished by the ministry, domestic traffic in May ... More » Air passenger traffic up five percent in May

New Delhi, June 18 (IANS) The Rajiv Awas Yojana (RAY), billed as the government's most ambitious scheme for ridding the country of slums, is to be tweaked by changing the norms relating to its funding ... More » Slum removal scheme tweaked to make it more effective

The RBI on Tuesday relaxed premium payment rules on some forex options by allowing the buyer of the option to spread the premium payment over the maturity of the contract. This facility will be available ... More » RBI relaxes some forex option premium payment rules

New Delhi, June 18 (IANS) The government-run India Infrastructure Finance Company Limited (IIFCL) Tuesday launched its first infrastructure debt fund (IDF) with targeted initial corpus of $1 billion. IIFCL ... More » IIFCL launches infrastructure debt fund

Record prices at art auctions in recent weeks and oversubscribed holidays by private jet are among signals that a stock market slump is approaching, if followers of behavioural finance are to be believed. ... More » Spendthrift elite signals equity slide, behavioural experts warn