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Sahara says Mirach forged bank letter guaranteeing funds

Crisis-hit Sahara on Thursday said it has been cheated by US-based Mirach Capital with a "forged letter" claiming $2 billion funding through Bank of America – a major blow to the......

Autos put markets in reverse gear

Markets snapped a three-day winning streak to end marginally lower on Tuesday as investors turned cautious and booked profits after recent gains. Auto shares were among the top losers on weak......

Twitter IPO pegs valuation at modest $11 billion

Seeking to avoid a repeat of Facebook Inc's much-maligned public debut, Twitter Inc revealed more modest ambitions, saying its initial offering would raise up to $1.6 billion and value the company......

Rupee falls as dealers await support measures

The rupee fell on Wednesday to within striking distance of a record low, as dealers waited for word from policymakers on steps designed to boost inflows and prop up the battered currency. Bond and......

Is a new credit crash looming?

In Crosstown Traffic, Jimi Hendrix sang: "Can't you see my signals turn from green to red / And with you I can see a traffic jam straight up ahead."In global financial markets, the signals have......
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