America used to "drive the bus" in global economic terms; now other areas of the world are getting more attention. The U.S. consumer used to be unstoppable; now the cracks are starting to show. The U.S. financial sector used to be a massive profit center; now it is more like a massive black hole.
Axis Bank was the top loser in the Sensex pack, shedding over 4 per cent, followed by Tata Steel, SBI, NTPC, Bharti Airtel, ITC and ICICI Bank.
The Democratic presidential nominee has gained a whopping 15 per cent national lead owing to the recent gaffes made by her Republican rival.
The various official growth forecasts for the year have moved from 8 per cent-plus to 8 per cent-minus, with only the pessimists saying it will fall to as low as 7 per cent -- which the country can live with in a downturn.
The fate of The Reluctant Fundamentalist at the Toronto International Film Festival will determine its future.
The Taliban has said they have no plans to attack Pakistan's nuclear arsenal as their stepped-up violent campaign to avenge Osama bin Laden's death has renewed fears that the country's warheads could be vulnerable.
While the United States is demanding that Pakistan launch an offensive against the Haqqani network, the Inter-Services Intelligence is instead wooing the terrorist group to join nascent Afghan peace talks, according to a newspaper report.
Let's take a look at the price of a Starbucks grande latte in India and around the world.
The tsunami of recession that originated in the Wall Street and spread to Europe did not affect India because our banks are conservative, said Overseas Indian Affairs Minister Vayalar Ravi while addressing a seminar at the 10th Pravasi Bharatiya Diwas in Jaipur on Sunday.
An influential American daily on Thursday claimed that there are signs that slain Al Qaeda chief Osama bin Laden was being protected by some elements of the Pakistan's notorious spy agency Inter Service Intelligence.
Mac sales were down 21 per cent in Dec quarter.
Closes 20 points lower on a bout of profit-booking.
She warned investors on Monday that fixing Yahoo was a long-term project.
Dutch teenager Max Verstappen says he has learned from his Monaco Grand Prix crash, with the first lesson being to stay away from walls and barriers.
Former Goldman Director Rajat Gupta, the poster boy of Indians at the Wall Street, was on Friday found guilty of illegally tipping off his friend Raj Rajaratnam of confidential market information, in one of America's biggest insider trading cases.
The prosecution and defense presented their closing arguments in the high-profile insider trading trial of Gupta in Manhattan federal court on Wednesday.
Investors in many Indian companies would have a sense of deja vu after Facebook's public issue turned into a Wall Street debacle. For, over the past five years, Indian markets have been witness to many such breathlessly hyped Initial Public Offers (IPOs) which crashed in an equally spectacular way on the listing day and never recovered.
Ties between US and Pakistan intelligence agencies have hit an all time low due to standoff over the arrest of American official Raymond Davis on murder charge compromising critical counter-terrorism operations including drone strikes targeting top terror leaders.
Indian consumers and oil companies are losing out because buying remains a government monopoly.
Attempts by the United States to legally nab Julian Assange are proving to be unsuccessful as prosecutors have failed to find evidence that the WikiLeaks founder in any way forced army private Bradley Manning to leak government documents.
His conviction on insider trading charges exposed a "web of fraud and corruption that entangled many."
The sentencing caps a prosecution, marked by secret wiretaps of Rajaratnam and his associates that shocked the investment world.
The trial of Gupta, one of the most high profile Wall Street executives to be charged with insider trading, began in US District Court, Southern District of New York on Monday amid intense media glare.
A new report on American journalist Daniel Pearl's killing presents fresh evidence that 9/11 mastermind Khalid Sheik Mohammed executed the reporter in Pakistan nine years ago and four men imprisoned for the crime were convicted on the basis of perjured testimony.
Three senior executive of JP Morgan Chase & Co's are expected to leave over the US-based global banking giant's over USD 2 billion loss on derivative trades, says a media report.
Justice Department staff lawyers have begun preparing legal documents for use in a possible court challenge to the $700 million deal for ITA Software, the report said adding that no decision to proceed has been made.
Attributing to people familiar with the matter, The Wall Street Journal said, 'federal prosecutors, after a two-year investigation, may soon decide not to charge executives for their role surrounding financial contracts that nearly brought down the company.'
Research In Motion has denied an Indian media report that said the company has offered to install a network data analysis system at its India office to allow access to emails sent through its BlackBerry smartphones to Indian security agencies.
Officials of United States financial giant Bank of America Corp have discussed slashing about 40,000 jobs under the first phase of a proposed restructuring exercise, according to a media report on Friday.
From environmental clearance to regulatory approval, from land acquisition for greenfield projects to displacement of tribals, it's been a season of scams, deep mistrust and hostility among companies, bureaucrats, regulators and politicians.
Entrepreneurs face severe challenges while starting a business as the regulatory framework is burdensome in many nations.
A higher opening in Europe helped the index recover from steep early losses.
Sahara has paid a 10 per cent down payment for the 105-year-old landmark.
Bank of America Corp will slash 3,500 jobs in the current quarter and is working on broader restructuring that could eliminate thousands of additional positions, a media report says.
ICICI Bank was the top gainer in the Sensex pack, soaring over 6 per cent, followed by SBI, HDFC, PowerGrid, Sun Pharma, IndusInd Bank, Titan, Bajaj Auto and HDFC Bank. On the other hand, NTPC, Reliance Industries, Nestle India, HCL Tech and Infosys were among the laggards.
Markets suffered after other Asian indices closed in the red, tracking record-breaking losses at the Wall Street overnight.
The judge said the evidence that Gupta passed illegal information about Goldman Sachs to now-jailed hedge fund founder Raj Rajaratnam was not only overwhelming, it was disgusting in its implications.
Vikram Pandit has taken the helm at the troubled financial-services giant. He talks about the road back.
Internet search giant Google has sued the US Department of the Interior alleging that the federal agency favoured rival Microsoft while considering bids for e-mail and collaboration software for its 88,000 employees.
However, it could still take many years before the 161-year-old Lehman, once a poster-boy of the US markets, could regain its lost glory.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances