The rally was bouyed by metal and realty stocks. Market breadth on the BSE was positive. Out of 3,116 stocks traded, 1,780 advanced while 1,204 declined.
Apple is set to unveil its much awaited tablet PC later this month and the company is likely to ship the product in March, says a media report.
The global financial crisis sweeping through Wall Street and European banking sector will touch the lives of the world's most vulnerable, push millions into deeper poverty and lead to the deaths of thousands of children, a new United Nations study said.
Markets are conversations, not merely devices for aggregating information. And value is not the same as price. All value is discovered inside a conversation and price is just one aspect of 'what's it worth to you'.
Airbus recaptured the aircraft industry's top spot in the first quarter of 2013 as US rival Boeing fell behind on orders and grappled with the grounding of its newest jet, the 787 Dreamliner.
In a major catch, Pakistani authorities on Saturday nabbed a top militant suspected of beheading the Wall Street Journal reporter Daniel Pearl in 2002.
In an interview to the 'Wall Street Journal', Benmosche said that AIG, in its current form, is too large. "I feel strongly that AIG is too big today -- it is extremely complex to manage and we need to make sure it's more transparent, that it's smaller, and that we can make it on our own."
Pearl, the 38-year-old South Asia bureau chief for The Wall Street Journal, was abducted and beheaded while he was in Pakistan investigating a story on the alleged links between the country's powerful spy agency Inter-Services Intelligence and Al Qaeda.
The NSE Nifty settled at 10,454.95, down 121.90 points, or 1.15 per cent.
India-born PepsiCo chief Indra Nooyi has been the news recently for her trip to China, her remarks about the US Fed and her ability to handle the financial crisis.
The online messaging company is ramping up hiring to expand its business ahead of the initial public offering.
Raju Narisetti, who recently quit the Hindustan Times group's business newspaper Mint, has now been named one of the two managing editors of the Washington Post. Reports said that The Post named two managing editors on Tuesday Narisetti, who spent considerable time at the Wall Street Journal and Elizabeth Spayd, who has held top posts in the paper's digital and print newsrooms.
Attributing to a person familiar with the matter, The Wall Street Journal said, GM plans to begin paying back a $6.7 billion loan it owes to the US government starting late this year, which would put it on track to potentially repay the entire loan by the middle of 2011.
Sensex opened at 25,817 levels, 47 points down.
The $58-billion conversion, announced in February when Citigroup shares were trading near USD 1, was supposed to happen in April but was slowed by negotiations between the bank and federal officials over details of the complicated transaction, the report noted. The deal is aimed at reducing worries about Citigroup's capital levels.
Quoting a person familiar with the matter the daily said, General Motors would provide more than $2.5 billion of the $3.6 billion necessary for the private equity firm to gain control of Delphi. General Motors filed for bankruptcy protection on Monday.
The Wall Street Journal, quoting people familiar with Apple, stated that "after months of uncertainty about Steve Jobs's health, the Apple Inc chief executive appears on track to return from medical leave this month."
Amit Varma, who publishes the popular India Uncut blog, speaks to rediff.com about his debut novel, My Friend Sancho.
Ford Motors, one of the big three in the US auto industry, is planning to increase its market share at a time when its rivals -- GM and Chrysler -- are tackling bankruptcy and restructuring procedures.
I think the United States must realise that today 60 to 70 per cent of the growth of the revenues of large American companies comes from India and China.
General Motors Corp and Chrysler LLC have reopened merger talks, as Chrysler owner Cerberus Capital Management LP has signalled its willingness to give away part of its ownership in the auto maker, a media report said today, citing people familiar with the goings-on.
European investors face billions of dollars losses in the wake of disclosure of 'Ponzi' scheme run by Bernard Madoff, now being investigated by the American authorities.
It is well known that Israel would welcome a diplomatic relationship with Pakistan and feelings of a section of the Pakistani military were likewise.
The $14-billion bailout package for the troubled United States auto industry has collapsed in the Senate amid dispute over the wages paid to workers of the troubled manufacturing giants, according to a media report.
United States Homeland Security Secretary Michael Chertoff has said the absence of an operational incident manager -- as was developed in the US after the 9/11 attack -- clearly was a major problem during the Mumbai terror attacks, where there was a glaring lack of coordination between various departments and agencies.
Superstar Hollwyood director Steven Spielberg and Anil Ambani are about to sign a deal that will see the ADA Group bankroll Spielberg's DreamWorks SKG with between $500 million to $600 million, The Wall Street Journal reported on Wednesday.
The facsimile edition of The Wall Street Journal and the Indian edition of Forbes, the magazine famous for its global billionaires' list, will be launched next week. A look at what to expect.
Attributing to a person familiar with the situation, The Wall Street Journal said that Bank of America's directors plan this week to settle on an emergency CEO pick, in case legal turmoil forces Lewis to step down before year-end.
The Nifty advanced by 55 points to end at 5296. The market breadth was strong. Out of 3024 stocks traded on the BSE, there were 1723 advancing stocks as against 1181 declines.
Ajit Balakrishnan on the surprising drivers of mathematical innovation.
Foreign direct investment into India has surged to over $25 billion in 2007-08 and the country's foreign exchange reserve crossed $341 billion as of Tuesday, Ashwani Kumar, minister of state for commerce and industry has said.
The brokerage said the consolidated fiscal deficit, including that of the Union (3.6 per cent), the states (2.6 per cent) and the off-budget borrowings which are being resorted to increasingly is a worry.
Democratic presidential candidate Barack Obama entered final hours of the election campaign with a solid, though narrowing, lead over his powerful Republican rival John McCain.
While the outlook is pretty grim, at least compared to last year's $33.2 billion bonanza, compensation consultants expect a 30 per cent to 50 per cent decline in payouts this year, but billions will still flow.
Following developments on Thursday, Microsoft is likely to pursue a hostile bid for Yahoo Inc takeover, people familiar with the proceedings said. Price will be a key factor if Microsoft turns hostile towards Yahoo. Microsoft's cash-and-stock offer was valued at $29.48 a share as of 4 p.m. on Thursday, on Nasdaq stock market composite trading. Yahoo had rejected this offer on the grounds of undervaluation. Microsoft had decided to up its bid as much as $ 33 per Yahoo share.
Technology giant IBM is close to a deal to buy Sun Microsystems for about $7 billion, says a media report.
Ways bosses can shepherd their staff through dark days.
The NSE Nifty settled at 10,234.65, down 225.45 points, or 2.16 per cent.
So far, neither Washington nor Wall Street seems to have fully grasped this political sea-change, or figured how to deal with it.
The richest people in the world sound off on the economy, taxes and greed.
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