Hinting at hard measures like further ban on exports to control rising prices, Finance Minister P Chidambaram has said inflation is also being stoked by cartel like behaviour in some sectors of Indian economy. Noting that soaring prices of rice and other basic food items are a matter of worry, Chindambaram said inflation is also being stoked by a mismatch of supply and demand and by cartel-like behaviour in some sectors of the economy. Export bans in steel were considered.
India's largest private carrier Jet Airways will report a full-year loss for 2007-08 fiscal and break even only in the financial year ending next March, said its chairman Naresh Goyal. Earlier in January, Jet Airways had reported a net loss of Rs 91.12 crore (Rs 911 million) for the quarter ended December 31, 2007 as against net profit of Rs 40.04 crore (Rs 400 million) for the year-ago period. Goyal expects Jet Airways to break even in the current fiscal, ending Mar 31, 09.
Attributing to a person familiar with the matter, The Wall Street Journal said, GM plans to begin paying back a $6.7 billion loan it owes to the US government starting late this year, which would put it on track to potentially repay the entire loan by the middle of 2011.
While poll participants were clear that they prefer a Democrat in the White House, when asked to pick between McCain, Obama and Clinton, the votes were tied. Voters prefer Democrats for issues such as the economy and health-care, but on terrorism and social issues, the Republicans came out as the preferred party.
Pakistan President Pervez Musharraf has said he is not planning to resign or retire despite his allies suffering a crushing defeat in the general election and asserted that he intends to stay in office to guide the democratic transition in the country.
Attributing to a person familiar with the situation, The Wall Street Journal said that Bank of America's directors plan this week to settle on an emergency CEO pick, in case legal turmoil forces Lewis to step down before year-end.
Internet search major Google is likely to pick up a 5 per cent stake in media giant Time Warner's AOL for about $1 billion, the Wall Street Journal has reported.
'Young Osama was shocked by the government's use of massive military force against the rebels, and by the subsequent damage to the shrine,' says Yaroslav Trofimov, author of The Siege of Mecca.
Studies indicate there is a consistent positive relationship between overall fitness and academic achievement.
A government-backed investment company from Dubai plans to invest $2.5 billion in Asian economic giants India and China over the next two years, a leading financial daily said on Monday.
US treasury secretary John Snow learned more than one month ago of the tentative plan and Chinese officials gave him details on the change and its timing before the announcement, The Financial Times and The Asian Wall Street Journal said.
Media Mogul Rupert Murdoch's News Corp is all set to purchase Dow Jones and Co., publishers of the Wall Street Journal, for $5 billion, ending the century-long ownership of the Bancroft family.
Ailing auto maker Chrysler is preparing to file for bankruptcy protection as early as next week, irrespective of whether the company reaches a deal with its lenders or forges an alliance with Italian entity Fiat SpA, says a media report.
In what would be a major shift in the computer world, Apple reportedly is talking with Intel about using its chips in its Macintosh line.
At a time when companies are cutting costs and jobs to tackle the economic downturn, global retail chain major Wal-Mart has doled out $933.6 million in bonuses to its workers.
The news of global IT giant IBM buying Sun Microsystems has been doing the rounds for years. So, despite the Wall Street Journal reporting that an approximately $6.5 billion buyout is imminent, analysts remain sceptical.
Reuters Group Plc, which runs one of the world's leading news agencies as well as other financial data businesses, today said it has received an unsolicited takeover offer, but did not identify the potential bidder.
Beverages giant Coca-Cola plans to acquire US energy drink firm Glaceau, in which Tata Tea has 30 per cent stake, in a deal that could be worth over $3 billion, US media reports said on Wednesday.
Italian car maker Fiat is in talks to acquire 35 per cent stake in ailing American auto major Chrysler, says a media report.
The world's largest pharmaceutical company by sales told the scientists and technicians around the world that it is eliminating their jobs. By the year end, it expects to have laid off five per cent to eight per cent of its 10,000 researchers, the Wall Street Journal said, quoting head of Pfizer's research and development Martin Mackay.
Earlier this year, Yahoo! had spurned a $47.5-billion takeover bid from the software giant. The deal was mainly opposed by its chief executive Jerry Yang. Yang who is a co-founder of Yahoo! had last month announced that he would step down as the chief executive but would remain with the firm.
Microsoft, the world's largest software company, is all set to launch its Internet search service from Thursday, according to a report in The Wall Street Journal.
JP Morgan Chase is planning to slash nearly 21 per cent of workforce and lay off 4,000 employees by January at Washington Mutual, which was acquired by the investment banking major in September.
"Iraq is now a rear-guard action on the part of al Qaeda," General James Conway, the head of the Marine Corps and a member of the Joint Chiefs of Staff, told the paper in interview. "They've changed their strategic focus not to Afghanistan but to Pakistan, because Pakistan is the closest place where you have the nexus of terrorism and nuclear weapons."
India's prominence as an outsourcing hub is eroding with new locations including the Philippines and eastern Europe making their presence felt, a media report said.
The aircraft, an Ilyushin 62 owned by Air Koryo, the North Korean state airline, made a stopover in Myanmar on August 7 and sought air traffic controllers' permission to fly over India en route to Iran. Initially the air traffic control in Kolkata gave the plane the go-ahead, but around noon on August 7, the Directorate General of Civil Aviation in New Delhi messaged Kolkata cancelling the permission, reports WSJ
As long as oil continues to be a factor, as long as Iraqi Shias and Sunnis continue to butcher each other, as long as the expenses of war can be sustained by the American economy, there is no hope of an American withdrawal from Iraq.
Democratic presidential candidate Hillary Clinton holds a slim lead over her Republican rival Donald Trump, a new poll shows just over a week before the epic United States presidential election.
The Wall Street Journal-NBC News poll found that 52 per cent voters favour Obama against 42 per cent who support McCain, showing a four per cent increase since the poll two weeks ago. The poll has a margin of error plus or minus 2.9 percentage points.
The controversy in the United States over outsourcing work in India has led to more business for the country from America and elsewhere as it has highlighted its low cost and expertise, media reports said.
Teams of American and Iraqi negotiators spent months haggling over the deal which will be presented to the Bush administration and the government of Iraqi Prime Minister Nouri al-Maliki for formal approval or rejection, the Journal said.
Marianne Pearl has asked the Congress to consider drafting a new law that would grant eligibility to her and her son.
Hewlett-Packard chairman Carly Florina has deplored current outcry against outsourcing to countries like India, China and Russia saying more jobs should be created in the sectors where the US has and will continue to have competitive advantage.\n\n\n\n
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