Why US must revamp financial regulation

Any assessment of Goldman Sachs' alleged "fraud" is likely to run into two problems. First, the armada of jargon that surrounds the financial derivatives market could mean that the essence of the......

Subprime pain: Who lost how much

The United States' subprime crisis has turned out to be bigger than previously thought and has the potential to drag the world's largest economy into a recession. And although there are varying......

ICICI Bank buys Russia's IKB

ICICI Bank has acquired the entire paid-up capital of Investitsionno-Kreditny Bank of Russia as part of its business plans to expand international operations.The bank has registered its office in......

Indo-Rama inks pact with Germany's Zimmer

Leading polyster maker Indo-Rama Synthetics on Thursday forged an alliance with German construction and engineering company Zimmer AG for its Rs 900 crore (Rs 9 billion) polyster expansion project......