LATEST BUSINESS, FINANCE AND MARKET NEWS
Microsoft Corp gave the world a first look at its new Xbox One on Tuesday, announcing that its first gaming console in eight years will come with exclusive video and software content, including a "Halo" ... More » Microsoft unveils Xbox One with Spielberg, Activision tie-up
Stock markets around the world edged higher on Tuesday amid signs of improving growth, even as uncertainties concerning monetary policy limited gains. The Dow and S&P 500 were at all-time highs while the ... More » World shares higher; S&P 500 at fresh all-time high
Lawyers for former Goldman Sachs Group Inc board member Rajat Gupta sought to reverse his insider-trading conviction on Tuesday, arguing that wiretap evidence used by the prosecution should not have been ... More » U.S. court studies wiretaps in Rajat Gupta insider case
Growing concern in European capitals about aggressive tax avoidance by high-profile corporations such as Amazon, Google and Apple looks set to steal the agenda of a European Union summit in Brussels on ... More » EU leaders look to end Apple-style tax avoidance schemes
EU regulators confirmed on Tuesday that they will cap bonuses of bankers earning more than 500,000 euros a year and added other conditions to make the pay ceiling harder to smash. The headline figure was ... More » EU watchdog unveils caps for bank bonuses
Jamie Dimon, JPMorgan Chase & Co's outspoken chairman and chief executive, won a vote of confidence on Tuesday as shareholders recommended that he keep his chairman title, giving him a greater margin of ... More » Dimon keeps JPMorgan chairman title after bruising battle
Kolkata, May 21 (IANS) West Bengal Chief Minister Mamata Banerjee announced Tuesday that the government would ban online lottery "Online lotto". The necessary notification regarding the issue ... More » Mamata plans to ban online lottery
Chennai, May 21 (IANS) India's atomic regulator and city based Anna University Tuesday signed a memorandum of understanding to promote research in academic institutions in the areas of atomic energy regulation ... More » AERB signs MoU with Anna University to promote research
Panaji, May 21 (IANS) A land record portal developed by the Goa government has won an international award for making e-governance concepts people-friendly and accessible, Chief Minister Manohar Parrikar ... More » Goa's land record software wins international award
Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate deal with the company after the U.S. Senate said it paid little or no tax on tens of billions ... More » Ireland rejects blame for Apple's low tax rate
The rupee dropped to its lowest in nearly six months on Tuesday, dragged by late falls in local shares and import-related demand from a large private company. The rupee has fallen 2.9 percent so far this ... More » Rupee falls to near six-month low on stock losses, importer demand
Kolkata, May 21 (IANS) US Ambassador Nancy Powell Tuesday called for greater economic opening and more foreign investments for India's higher economic growth, saying "there is more yet to do" ... More » India's growth needs more opening, foreign funding: Powell
Kolkata, May 21 (IANS) Works for the Rs.200-crore proposed integrated check post at Petrapole on the India-Bangladesh border are slow moving due to problems regarding land acquisition and obtaining clearances ... More » Slow work at Petrapole check post: Official
Luxembourg has agreed to automatically exchange information with United States tax authorities about the bank accounts held by U.S. citizens and residents, the finance ministry said on Tuesday. In April, ... More » Luxembourg agrees to end bank secrecy with U.S. authorities
Kolkata, May 21 (IANS) Kolkata-based non-banking finance company Srei Infrastructure Finance Tuesday said its board has okayed to raise funds up to Rs.1,500 crore by public issue of debentures in one or ... More » Srei Infra to raise Rs.1,500 crore by debentures
IT outsourcing company iGate Corp sacked Chief Executive Phaneesh Murthy after a company sexual harassment investigation revealed that he had not disclosed a relationship with a subordinate. Shares of ... More » iGate sacks Murthy over undisclosed relationship
Mumbai, May 21 (IANS) Maharashtra is willing to set up a special investment zone for Chinese companies in the state, Chief Minister Prithviraj Chavan told the visiting Chinese Premier Li Keqiang here Tuesday. ... More » Chavan invites investments from China
JPMorgan Chase & Co shareholders voted in support of Chairman and Chief Executive Jamie Dimon maintaining both roles, rejecting a proposal from shareholders who said the corporate governance structure ... More » JPMorgan shareholders support Dimon's dual roles in vote
U.S. stocks were little changed in early trading on Tuesday with Home Depot at a record high and buoying the blue-chips while investors eyed congressional testimony from Fed chairman Ben Bernanke on Wednesday. ... More » Wall St drifts near record, Home Depot buoys Dow
Gold's recent slump could have much further to run, with a breach of its April low at $1,322 potentially setting up bigger losses towards levels not seen since mid-2010, chart analysts say. Since posting ... More » Gold charts point to fresh trouble ahead with eyes on $1,100/oz
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