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.
There are few periods in human history that have seen worldwide expressions of middle-class angst like the current one has.
Markets suffered after other Asian indices closed in the red, tracking record-breaking losses at the Wall Street overnight.
Internet giant Yahoo may shed its substantial holding in China's Alibaba Group and in its Japanese affiliate in transactions totalling about $18 billion, says a media report.
The proposed agreement is not final, and could fall apart, the report noted.
The draft regulations on compensation of private banks, based on sound risk management and productivity linked principles, comes within days of the US Congress passing a major financial reform bill to discipline firms on Wall Street.
According to the daily, the fine is expected to be the largest penalty ever levied on a single company by the US Federal Trade Commission.
Skewed pay packets that encouraged imprudent risk-taking approach was one of the main causes for the financial crisis of 2008-09.
The Wall Street Journal has reported that the SEC has contacted many investment banks whose analysts cover generic drug-maker Mylan, asking about a meeting the company hosted last September with those analysts and a group of investors.
US-based banking major Citigroup is likely to slash 900 jobs in its securities and banking division amid financial market turmoil, says a report.
Blankfein will at the upcoming trial of Galleon hedge fund founder Raj Rajaratnam.
Attributing to people familiar with the matter, The Wall Street Journal said the software company could announce major organisational changes at its entertainment and devices division as early as this week.
The money from America that ends up abroad brings prosperity and generates more jobs at the cost of jobs in the US.
Social networking giant Facebook's growth appears to be slowing down, especially in the United States, according to a report.
Here's the biggest myth of the financial world: Women make poor money managers. If anything, the argument has swung in favour of the fairer sex in the midst of this global financial crisis. Here are 5 rules then that women investors must always follow.
The US said that there has been no "significant impact" on its military to military relationship with Pakistan after Islamabad refused to release an American diplomat detained on possible murder charges.
Cook revealed only a handful of incremental insights on Apple''s products and strategies.
Even as their killer drones strike at ranking members of the Al Qaeda linked Haqqani network, United States officials secretly met leaders of the group this summer in a Persian Gulf country, in an effort to draw them into talks on winding down the war.
In written responses to questions from The Washington Post and The Wall Street Journal published on Monday, Chinese President Hu Jintao insisted that his country believes in the principle of peaceful co-existence, as he prepared to meet his counterpart Barack Obama at the White House next week.
In December last year, United States President Barack Obama issued a secret directive to all the top officials in his administration dealing with internal security and foreign policy affairs, urging them to find out ways to increase America's involvement in alleviating the rising tension between India and Pakistan, according to a report in the Wall Street Journal.The directive was mentioned, says WSJ, in a memo written by National Security Adviser James Jones.
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.
Pakistan Army on Friday said it has arrested nearly 100 terrorists and foiled an imminent jailbreak attempt to free top Al Qaeda leader Ahmed Omar Saeed Sheikh, sentenced to death for the murder of Wall Street Journal correspondent Daniel Pearl in 2002.
SEC rules require companies with 500 or more shareholders of record in a given type of stock to publicly disclose certain financial information.
Various news reports suggest that the PE firm, if it buys out Yahoo, would first sell off the Internet company's Asian assets. Silver Lake would thereafter, a report said, try to either turn the 'remaining' company around or find yet another buyer for the main operations.
The United States government appointed pay czar will review the executive compensation packages at 419 bailed out companies including Goldman Sachs and JP Morgan Chase.
Senior executives and auditing firm Ernst & Young have been criticised, among many others, for the failure of Lehman Brothers, by an official report that delved deep into the collapse of once-famed Wall Street major.
The US markets regulator is investigating Mark Hurd's departure from Hewlett-Packard Co as part of a broad inquiry that will also look into claims that the former chief executive leaked inside information on a multi-billion dollar deal, says a media report.
Insurer American International Group will recover $45 million from its employees given as retention payments last year and return the amount to the government, a media report says.
Wealthy people are now donating less for charitable purposes, although they still feel an obligation towards such social work, a survey has revealed
Indian-American Deven Sharma, the president of Standard and Poor's, is stepping down by year end, an announcement coming only weeks after the credit rating agency downgraded American credit rating.
In January, Google had threatened to close down its operations in China after discovering hacking attempts into email accounts of Chinese human rights activists.
Their recommendations have something to take note by Indian exporters and policy makers.
One of American's biggest fraudsters, Bernard Madoff was sentenced to 150 years for his massive $65 billion scam.
United States President Barack Obama will be in India on November 6 for his longest State visit yet. Apart from our own coverage, we provide you this one-stop blog of what the world media is saying about the visit and its significance
Attributing to people familiar with the matter, The Wall Street Journal said AIG is preparing to pay Kelly several million dollars in severance after she resigned over federal pay curbs.
Pakistan's Inter-Services Intelligence is pushing the Taliban to attack American troops and their allies based in Afghanistan, the media here has said, close on the heels of a White House report that slammed Islamabad for not doing enough to battle terrorists holed up near the Afghanistan-Pakistan border.
Out of 2948 stocks traded on the BSE, there were 1008 advancing stocks as against 1836 declines.
Haroon Naik, an arrested accused in 13/7 Mumbai blasts, had met Lashkar-e-Tayiba operations chief Zaki-ur-Rehman Lakhvi and was present at an "inspirational" lecture by slain al Qaeda leader Osama Bin Laden in Pakistan just a month before the 9/11 attack.
