
U.S. stocks mostly declined for a third day on Friday, putting indexes on track for their first negative week since mid-April, on lingering concern that the U.S. central bank may scale back its stimulus ... More » Wall Street on track for first losing week since mid-April
REUTERS - Canadian oil and natural gas producer Niko Resources Ltd said on Friday it made a significant gas discovery, along with its partners, in the KG-D6 block off India's east coast, sending its shares ... More » Niko finds significant gas in India block; shares soar
Kolkata, May 24 (IANS) Biscuit and bakery major BritanniaIndustries Friday registered a 65.66 percent jump in its net profit to Rs.87.85 crore for the quarter ended March 31, 2013, from Rs. 53.03 crore ... More » Britannia posts 65.7 pc jump in Q4 net profit
Mid-sized producer Jindal Steel and Power hopes to quadruple steel output by 2016 to cash in on an infrastructure boom in the world's second most populous country and is also in talks to buy mining assets ... More » Jindal to expand steel output, buy mines in West Africa
HSBC called on regulators to speed up industry reform as its shareholders urged Europe's biggest bank to take a lead in cutting pay and criticised it for compliance failings and aiding tax avoidance. HSBC ... More » HSBC calls for faster banking reforms
Kozhikode, May 24 ( IANS) Thirty top executive directors and CEOs of leading nationalised banks in the country will attend a classroom training at IIM Kozhikode for three days starting Monday. The workshop ... More » Top banking honchos to attend leadership meet
Panaji, May 24 (IANS) One of the world's biggest cruise liners, Royal Caribbean International's Mariner of the Seas, Friday arrived at Mormugao port in Goa, which has plans of promoting the state as a ... More » Asia's biggest cruise liner docks in Goa
Hyderabad, May 24 (IANS) Industry body, Associated Chambers of Commerce and Industry of India (Assocham), has called for a comprehensive port development strategy and for providing level playing field ... More » Assocham calls for comprehensive port development strategy
Mumbai, May 24 (IANS) Reliance Industries Ltd. (RIL) Friday announced a large natural gas discovery in the consortium's KG-D6 block offshore in Andhra Pradesh. "Formation evaluation indicates a gross ... More » RIL-BP make huge gas discovery in KG-D6
Panaji, May 24 (IANS) A slew of illegal land deals involving its nationals was one of the reasons why Russia decided to start a consular office in Goa, which hosted 1.5 lakh Russian tourists this season, ... More » Russia opens consulate in Goa
Jet Airways and its smaller rival SpiceJet reported quarterly losses on Friday as fare increases were not sufficient to cover high costs of operations. Jet, which has agreed to sell a 24 percent stake ... More » Jet Airways, SpiceJet report quarterly losses
The government doesn't think the central bank has slowed the pace of its bond purchase programme, economic affairs secretary Arvind Mayaram said on Friday. Commercial banks operating in the bond market ... More » Economy secretary: no "lull" in RBI's bond purchases
Asia's largest budget carrier, AirAsia , may order an additional 50 Airbus A320 jets on top of its existing record order for 475 of the Airbus model, Chief Executive Tony Fernandes said on Friday. The ... More » AirAsia India launch seen in Q4; may order 50 more Airbus jets: CEO
Chandigarh, May 24 (IANS) India's food grain states Punjab and Haryana can help African countries in ensuring food security through exchange of knowledge and technological knowhow, Punjab Governor Shivraj ... More » Punjab, Haryana can help Africa ensure food security: Patil
New Delhi, May 24 (IANS) Petroleum Minister M. Veerappa Moily Friday refuted allegations of government favouring Reliance Industries (RIL) as "malicious" and said the proposed revision in natural ... More » Moily refutes charges of favouring RIL on gas price
Kolkata, May 24 (IANS) Rating agency ICRA Ltd Friday announced a 21.64 percent rise in its net profit to Rs.27.49 crore for the quarter ended March 31, 2013 from Rs.22.60 crore for the same period a year ... More » ICRA Q4 net profit rises 22 percent
The former chief financial officer of Danish wind turbine maker Vestas Wind Systems A/S is being investigated by the country's fraud squad over two agreements he made with an Indian firm, Vestas said. ... More » Vestas says fraud squad investigating ex-finance chief

Gold prices are looking even more vulnerable after April's price crash, as rampant inflation expected from successive rounds of monetary easing fails to materialise. The idea that record-low interest rates ... More » Gold faces more pressure as inflation stays tame

Global equity markets drifted lower on Friday as investors were beset by worries that central bank stimulus may be curtailed, but the dollar recovered against the euro to trade almost flat after better-than-expected ... More » Stimulus fears haunt world share markets, dollar recovers

HSBC's Chairman Douglas Flint called for an acceleration in the speed of reform within the industry as the bank was criticised by shareholders for compliance failings and accusations it aided tax avoidance. ... More » HSBC Chairman urges acceleration of bank reform
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