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.
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.
Investor sentiment got a big push after Brent crude, the international benchmark, dropped below the USD 73-mark to quote at a seven-month low of USD 72.65 by falling 3.48 per cent, traders said.
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.
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.
Broader market outperformed the frontline indices with the Smallcap and Midcap gaining up to 1%
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.
Wall Street brokerage Goldman Sachs has lowered its estimate for India's economic growth to 11.1 per cent in fiscal year to March 31, 2022, as a number of cities and states announced lockdowns of varying intensities to check spread of coronavirus infections. India is suffering the world's worst outbreak of COVID-19 cases, with deaths crossing 2.22 lakh and new cases above 3.5 lakh daily. This has led to demand for imposition of nationwide strict lockdowns to stem the spread of the virus - a move that the Modi government has so far avoided after the economic devastation last year from a similar strategy.
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.
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 executive order, which was signed by Trump on Thursday, prohibits certain purchases involving publicly traded securities or any securities that are derivative of or are designed to provide investment exposure to such securities of any Communist Chinese military company.
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.
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.
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.
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.
US federal investigators are probing whether investment banking major Morgan Stanley misled investors about mortgage-derivative deals, says a media report.
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.
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.
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.
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.
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.
Even as both India and the world struggle to re-build after COVID-19, they face slow-burn problems that could develop into full-blown crises, observes T N Ninan.
Rajyavardhan Singh Rathore has shot off a letter to the Lok Sabha Speaker against Shashi Tharoor for speaking in public about his intention to summon Facebook officials without discussing the matter first in the parliamentary committee the Congress leader heads.
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.
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.
The race for the White House appears to be headed towards an uncharted territory with the Trump and Biden campaigns gearing up for a protracted legal battle in the US Supreme Court as the election results in some of the key battleground states like Pennsylvania, Wisconsin and Michigan still being counted.
So far, there seems to be limited debate about their activities in India, where virtually all FAANG companies have teamed up in different ways with India's most powerful businessman, observes T N Ninan.
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.
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.
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