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.
Entrepreneurs face severe challenges while starting a business as the regulatory framework is burdensome in many nations.
Monika Halan is editor of Mint Money, India's second-largest business newspaper, which has an exclusive partnership with the Wall Street Journal.
Sahara has paid a 10 per cent down payment for the 105-year-old landmark.
Gains were led by realty, auto, capital goods, banking, infrastructure, metals, power, oil & gas, PSU and consumer durables sectors, which rose up to 3.30 per cent.
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.
Last week's police actions against the 'Occupy' encampments -- from Oakland to New York in the United States -- will not snuff out the underlying energy, says Rajni Bakshi.
Broader market outperformed the frontline indices with the Smallcap and Midcap gaining up to 1%
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.
Social networking giant Facebook's growth appears to be slowing down, especially in the United States, according to a report.
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.
Indian consumers and oil companies are losing out because buying remains a government monopoly.
Cook revealed only a handful of incremental insights on Apple''s products and strategies.
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.
Yes Bank was the top performer in the Sensex pack, surging 8.26 per cent, after the private lender reported a 29 per cent rise in its net profit
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.
Nike launched a new running shoe that complies with limits set by World Athletics after the governing body imposed a landmark ban on a version of the sportswear giant's Vaporfly shoes that was used to run the first sub-two hour marathon. The first-ever shoe ban by World Athletics (WA) last week addressed concerns that technology advances are giving athletes an unfair and unnatural advantage, described by some critics as "technological doping".
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.
The New York Times in a news story on Saturday said that American intelligence officials have concluded that a Russian military intelligence unit secretly offered bounties to Taliban-linked terrorists for killing coalition forces in Afghanistan -- including targeting American troops -- amid the peace talks to end the long-running war there, according to officials briefed on the matter.
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.
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.
There are few periods in human history that have seen worldwide expressions of middle-class angst like the current one has.
The Modi government is notoriously honest about one fact: It does not listen to economists, observes Shekhar Gupta.
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.
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.
US-based banking major Citigroup is likely to slash 900 jobs in its securities and banking division amid financial market turmoil, says a report.
A collection of some of the best photos from around the world in the last 24 hours
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.
The 50-share NSE Nifty too rose by 20.35 points, or 0.19 per cent, to end at 10,908.70.
Financialised masses not only provide feedstock inputs but are also voters whose political support for funded savings cannot be taken for granted, says Ajit Balakrishnan.
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.
The money from America that ends up abroad brings prosperity and generates more jobs at the cost of jobs in the US.
Starting this Friday, Prakash Reddy, secretary of the Communist Party of India, plans to occupy Dalal Street accompanied by whoever he manages to woo by then.
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 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.
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.
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.
US federal investigators are probing whether investment banking major Morgan Stanley misled investors about mortgage-derivative deals, says a media report.
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