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.
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.
Indian-American multimillionaire biotech entrepreneur Vivek Ramaswamy's popularity rating and online fundraising have surged, a day after his impressive performance at the first Republican presidential primary debate.
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.
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.
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.'
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.
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.
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.
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.
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.
Entrepreneurs face severe challenges while starting a business as the regulatory framework is burdensome in many nations.
Vikram Pandit has taken the helm at the troubled financial-services giant. He talks about the road back.
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.
Sahara has paid a 10 per cent down payment for the 105-year-old landmark.
A higher opening in Europe helped the index recover from steep early losses.
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.
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.
Heads continued to roll in the News of the World phone hacking scandal as Rupert Murdoch's top executive and Dow Jones CEO Les Hinton became the latest high-profile personality to resign from his post. Hinton was the chief executive of Dow Jones, publisher of the Wall Street Journal. Rebekah Brooks, chief executive of the media group's UK newspaper arm News International had quit on Friday.
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.
After agreeing to sell 30 per cent stake in the 23 blocks in India to BP, Mukesh Ambani is reportedly looking for buyers for its gas transportation and marketing company.
A survey, conducted by NBC/Wall Street Journal, showed Obama now leading 49 per cent to 46 per cent among likely voters, down slightly from the five-point lead he enjoyed in mid-September, the daily said.
The global financial system needs more regulatory reforms to reduce the possibility of another meltdown, according to experts at International Monetary Fund.
Reserve Bank of India Governor Duvvuri Subbarao is not interested in carrying on in his present job after his term ends in September next year.
The Justice Department investigation, involves card company policies that prevent merchants from encouraging customers to use cards that have lower processing fees.
Top US officials are unhappy over some Inter-Services Intelligence elements continuing to support the Haqqani network to counter India's presence in the region, amid fears that Pakistani military is "unable or unwilling" to act against Taliban and Al Qaeda in the restive tribal belt.
Ambiguous replies about his travels abroad aroused the suspicions of airport officials and led to the arrest of Pakistani-American Lashkar-e-Tayiba operative, David Headley, charged with criminal conspiracy in the Mumbai terror attacks.
Morgan Stanley plans high-level management changes, which includes finance chief Colm Kelleher and veteran banker Paul Taubman taking charge of the company's institutional securities unit.
The Wall Street Journal has reported the civil probe, which has the potential to reshape how companies compete on the Internet, is the most serious legal threat yet to the 12-year-old company.
Last week, The Wall Street Journal reporter Sabrina Siddiqui asked Prime Minister Modi about the rights of minorities in India and what steps his government was willing to take to improve them and also uphold free speech.
Cannot solve problems by perpetuating poverty in the name of environment, the prime minister said.
Shedding its India-centric phobia, Pakistan's main spy agency ISI has in its new threat assessment determined that Islamist militants, and not India pose the main threat to Pakistan.
It is alleged that the drug maker used false marketing tactics to persuade the Medicaid officials in the US to give preference to its costlier drug Risperdal and spend millions on it.
Google Inc is close to settling a US criminal investigation into allegations it made money by accepting ads from online pharmacies that break US laws, says a media report.
Titan was the top loser in the Sensex pack, shedding over 3 per cent, followed by M&M, HUL, Maruti, Asian Paints and IndusInd Bank. Nifty fell 91 points to 17,157.40.
Market benchmark BSE Sensex rallied 635 points to 59,942 in the opening trade of the special Muhurat session on Monday to mark the beginning of Hindu Samvat year 2079. The 30-share index was trading higher by 635.12 points, or 1.07 per cent, at 59,942.27 in the first few minutes of trade. Similarly, the broader NSE Nifty surged 192.20 points or 1.09 per cent to 17,768.50.
