The Indian School of Business (ISB) is the only one in the country to find a place in the list of top 20 B-schools in the world, published by the Financial Times.
The distinction between "cheap" and "affordable" is a fine one, but no one understands this better than India's aspirational first-time car-owner, says Kanika Datta.
The US Justice Department has initiated a probe into the hiring behaviour of some of the largest American technology companies, including Google, Apple and Yahoo, says a media report.
Citigroup will limit the cash bonuses for its bankers at below $1,00,000 in a move to defuse public uproar over compensation, says a media report.
The Financial Times report citing Altavilla's court testimony stated that, "Fiat will name chief executive Sergio Marchionne, Alfredo Altavilla, its head of business development, and Lucio Noto, former vice-chairman of ExxonMobil, to the board of new Chrysler." Altavilla also said Marchionne should be named chief executive and "spend a substantial amount of time in Detroit."
Nikkei is one of the largest media houses in Japan.
Jignesh Shah-promoted MCX Stock Exchange (MCX SX) will partner London-based index calculator FTSE to create new index opportunities for the Indian financial markets.
Citigroup is planning to sell its energy-trading unit Phibro, which came under flak for the huge pay package of $100 million handed over to its star trader Andrew Hall.
Goldman Sachs will receive $1 billion, while US taxpayers will lose $2.3 billion if embattled commercial lender CIT files for bankruptcy protection.
"Citigroup is close to a secret agreement with one of its main regulators that will increase scrutiny of the US bank and force it to fix financial, managerial and governance issues," The Financial Times has reported. Attributing to people close to the situation, the daily said the deal had been discussed in recent weeks amid increased pressure on Citi from the Federal Deposit Insurance Corporation and could be finalised soon.
Indra Nooyi, chairman and CEO, PepsiCo has topped the Financial Times list of top 50 women in world business.
Many fear that in practice if banks make their customers pay to hold their money, it might lead to a situation where consumers hold on to cash.
President Asif Ali Zardari has said that Pakistan will not allow its territory to be used against India for any acts of terror and is ready to cooperate with it to punish the perpetrators of the Mumbai terror attacks. "Pakistan is ready to cooperate with India to punish the perpetrators of the terror attacks in Mumbai. Pakistan has assured that it would not allow its territory to be used against India for any acts of terror," Zardari told the Financial Times.
Soaring security expenses mean this month's parliamentary election will cost India over 50 per cent more than the last such poll in 2004.
Days after the United States Senate approved a $1.5 billion package for Pakistan, including $400 million in military assistance, Pakistan Interior Minister Rehman Malik told The Financial Times that his government has put Punjab and Sindh on high alert to avert the possibility that Taliban terrorists, fleeing the military offensive in the Swat valley and Waziristan, may seek refuge in these areas.
Pearson owns various businesses, including the Financial Times Group, Pearson Education and the Penguin Group. Educomp is an education services provider, while Bangalore-based TutorVista is an online tutoring company.
The Indian School of Business, ranked in the top 12 global B-schools by the Financial Times, has increased its tuition fee to Rs 15.3 lakh per annum -- Rs 80,000 more than Rs 14.5 lakh it charged last year. The non-refundable fee remained at Rs 2 lakh.
The US Federal Reserve has earned a whopping $14 billion profit on loan programmes made in the last two years, says a media report.
Private banks in Switzerland are not allowing their top executives to travel abroad because of the apprehension that they would be detained, as the authorities are cracking the whip on banks over secrecy matters, says a media report.
Pakistan seems to have donned the role of a guinea pig-cum-promotion agent for China's arsenal experiments, as it is all set to buy at least 36 advanced fighter jets from China in a landmark deal for about $ 1.4 billion (RS 65,000 million), reported the Financial Times.
Ten Indian companies, including Mukesh Ambani-led Reliance Industries and telecom major Bharti Airtel, are among the 500 top global companies for 2009
The three bidders in the running are Italian carmaker Fiat, Canadian car parts group Magna and Belgium-based financial investor RHJ International, the report said. The report noted that German chancellor Angela Merkel would meet top officials from the US, General Motors and the bidders for GM's European units Opel and Vauxhall on Wednesday.
"Citigroup is ramping up efforts to slash its huge technology costs, with the bank's management believing it can save significantly more than $1 billion in 2009 by integrating hundreds of systems that have been separate for years," the Financial Times has reported.
The company is set to be India's first microlender to become a bank
The fate of Indian conglomerate Tata group-owned Jaguar Land Rover is uncertain as talks with the UK government over a financial support package has virtually failed, media reports say.
Manufacturers warned on Wednesday that limited stocks of a future swine flu vaccine could be distributed on a "first come, first served" basis, leaving hundreds of millions of people in poorer countries without protection.
'The three tycoons I deal with in the first chapter -- Ambani, Mallya and Adani -- in their own way represent the change that has come over India.' 'Of the three of them, Mallya is the most fun. He was terrific.' 'And I don't say that because I tell the story in the book of his golden toilet.'
Citigroup chief Vikram Pandit will try to convince investors that the financial services major is on a recovery path, following fresh concerns about his future in the company, a media report said.
Japan Airlines will slash 6,800 jobs and suspend a number of overseas routes in an attempt to cut cost.
Citigroup and the International Finance Corporation will be launching a funding tie-up worth $1.25 billion, aimed at boosting global trade flows, says a media report. As per the deal, Citi would provide $750 million to banks in Asia, the Middle East, Africa and Latin America over a three-year period, it added.
Growth in the east Asia region would be dragged down by the poor performance of countries like Thailand, Singapore and Malaysia.
The 62-year-old Fuld, who run Lehman for nearly 15 years, is considering to launch a firm to advise small companies on financial and strategic issues. British daily the Financial Times has reported that Fuld plans a comeback and has told friends that he might launch a small advisory firm to harness his contacts in US companies.
China poses the biggest challenge to India's IT outsourcing industry, which is expected to grow by an average 15 per cent over the next two years, according to the chief executive of India's biggest business processing outsourcer.
The head of the World Health Organisation hit back at critics who have accused it of over-reaction to the swine flu crisis, warning it may return "with a vengeance" in the months ahead.
Quoting Tata Steel managing director B Muthuraman, the daily said the target could be reached partly by improving manufacturing procedures at the Corus plants spread across Europe. The Indian conglomerate Tatas had acquired the Anglo-Dutch steel maker Corus for about $13 billion last year.
The Financial Times quoted senior officials as saying that Chinese hackers had penetrated the White House computer network on multiple occasions and obtained e-mails between government officials. They, however, conceded that it was extremely difficult to trace the exact source of an attack beyond a server in a particular country, the Times said.
Pakistan is taking India's dossier on the Mumbai terror attacks "extremely seriously" and will "have to act fast" to complete its probe, Premier Yousuf Raza Gilani has said. "The dossier passed on to the government of Pakistan, we are taking it extremely seriously, and we have already started (an) investigation and the results will come soon," he told the Financial Times daily in an interview.
Goldman Sach's chief Lloyd Blankfein had called up his Citigroup counterpart Vikram Pandit to discuss a merger but the proposal was rejected by the India-origin chief executive officer, The Financial Times has reported.
Financial services major Barclays is to reduce its headcount by about 2,100 in investment banking and money management, as part of its cost cutting measures.The company is cutting 1,300 people from Barclays Capital, the debt-focused investment banking business, 500 from the Barclays Wealth private banking arm, and 330 in asset management business Barclays Global Investors. Overall, the cuts amount to 7 per cent of the three divisions' staff.
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