New Delhi, May 22 (IANS) Prime Minister Manmohan Singh Wednesday said that the UPA government had improved the performance of the economy, made growth more inclusive and ensured better delivery of welfare ... More » UPA made growth more inclusive: PM

U.S. stocks extended gains on Wednesday immediately following prepared testimony from Federal Reserve Chairman Ben Bernanke before a congressional panel. The head of the central bank said monetary stimulus ... More » Wall St extends gains after Bernanke comments
The world's biggest investors may be rethinking 20 years of boosting overseas holdings and are instead seeking more stable cash income at home, as aging societies and tighter regulation dull risk appetite. ... More » Analysis: Rich country investors returning home
Hyderabad, May 22 (IANS) Netxcell Limited, a leading telecom technology services provider, Wednesday announced its association with Funmobile, a leader in the mobile content domain in west Africa. Through ... More » Netxcell joins hands with Funmobile in Nigeria
The Federal Reserve's monetary stimulus is helping the U.S. economy recover, and the central bank needs to see further signs of traction before taking its foot off the gas, central bank chairman Ben Bernanke ... More » Bernanke touts benefits of easing, no hint of pullback
Mumbai, May 22 (IANS) Engineering and construction conglomerate Larson & Toubro Wednesday posted a 6.8 percent drop in net profit at Rs.1,787.94 crore for the fourth quarter ended March. The company had ... More » L&T Q4 profit drops near 7 percent
Agartala, May 22 (IANS) A consumer court in Tripura has ordered Cadbury India to pay a compensation of Rs.30,000 to a complainant who found an iron pin inside a chocolate bar made by the company. But the ... More » Cadbury ordered to pay Rs.30,000 compensation; says will move higher court

REUTERS - Just Dial's up to 9.4 billion rupee initial public offer was subscribed 11.6 times on closing on Wednesday, in what is the biggest IPO in the country so far this year. The response to the equity ... More » Just Dial's 9.4 billion rupee IPO covered 11.6 times
Europe moved closer to ending banking secrecy on Wednesday after Austria dropped objections to sharing data on foreign depositors and the EU focused on negotiating a similar agreement with Switzerland. ... More » Europe closes in on tax havens; Austria agrees to swap bank data
New Delhi, May 22 (IANS) A benchmark index of Indian equities markets fell Wednesday for the third day in a row amid profit-booking. Scrips of capital goods, oil and gas, realty, bank and metal companies ... More » Sensex closes in red; capital goods stocks plunge
New Delhi, May 22 (IANS) The Delhi government Wednesday sternly told electricity distribution companies that it will not tolerate load shedding in the capital as power is available in surplus. In the wake ... More » Delhi warns discoms over load shedding
New Delhi, May 22 (IANS) India needs to take sector-specific action and develop a mechanism to track the achievements in each area to achieve the goal of reducing its greenhouse gas emissions, says a study ... More » 'Sector-specific action needed to cut carbon emissions'
Chennai, May 22 (IANS) A CBI special court here Wednesday sentenced M. Gopalakrishnan, former chairman-cum-managing director of Indian Bank, and another official to one-year jail terms for cheating and ... More » Indian Bank's ex-chief gets 1 year jail for cheating
Kazakhstan will decide by early July whether to exercise an option to buy the ConocoPhillips 8.4 percent stake in the Kashagan oil field, which has attracted interest from companies in China and India. ... More » Kazakhs delay Kashagan stake decision to July
Patna, May 22 (IANS) Bihar Wednesday launched a survey using aerial photography for updating land records, officials said. Chief Minister Nitish Kumar flagged off the aerial land survey from Suryagarha ... More » Bihar launches aerial land survey

Larsen and Toubro Ltd , India's largest engineering and construction group, will look overseas to offset a weak economy and project bottlenecks at home that led to a bigger-than-expected profit drop. Shares ... More » L&T looks overseas to offset weak home market

The rupee fell for a fourth successive session on Wednesday to mark its longest losing streak in over three months, hurt by dollar demand from oil refiners and a late fall in equities. The rupee's fall ... More » Rupee falls for fourth day on weak equities, importer demand
Malaysia's AirAsia Bhd , Southeast Asia's biggest budget airline by passenger traffic, posted a 39.23 percent fall in first-quarter profits on Wednesday, hurt mainly by higher finance costs and a foreign ... More » AirAsia's profits hit by financing costs

The BSE Sensex fell for a third consecutive session on Wednesday, to mark its lowest close in almost two weeks after Larsen & Toubro slumped nearly 6 percent as its orderbook guidance sparked worries about ... More » Sensex falls for third day; L&T results spark worries
Indian gold rose half a percent on Wednesday to extend gains for another session but the physical market remained muted, awaiting fresh guidelines from the Reserve Bank of India after restrictions were ... More » Physical gold market awaits fresh import guidelines
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