Business News

New Delhi, July 24 (ANI): Inflation rate dipped to 11.89-per cent for the week ended July 12. The inflation has softened somewhat with prices of many essential items either declining or remaining static.

Washington, July 22 (ANI): A leading Pakistani economic expert has said that his country's economy was today facing a serious risk of a full-fledged balance of payments crisis and domestic and external fiscal imbalances that had reached 'alarming proportions' and show no signs of self-correction or correction through policy action.

Nicosia, July 22 (ANI): The Iranian government announced today its decision to proceed with the privatization of ten power plants.

New Delhi, July 17 (ANI): For the first time in more than 13 years, the annual inflation rate climbed to 11.91 per cent in early July, driven by higher costs of commodities and strong demand in the economy.

Washington, July 16 (ANI): For many consumers, when it comes to buying a product, the chief factor which rules their mind is an item's look instead of its price or quality. Now, according to a new study, co-authored by an Indian-origin researcher, touch of a product is an essential criterion for people, before they decide to buy something.

Melbourne, July 16 (ANI): A move by Australia's national airliner Qantas to resume in-flight cigarette sales, has been criticised by the anti-tobacco lobby as a "greedy cash grab'' at the expense of good health.

Mumbai, July 15 (ANI): India's main share market index provisionally fell 5.38 per cent on Tuesday to its lowest close in more than 15 months, led by financials such as ICICI bank on fears of worsening global credit turmoil.

Sydney, July 15 (ANI): The National Australia Bank (NAB) plans to more than halve its local technology workforce and outsource jobs to India in the next five years, as part of its massive technology transformation program 'Neos'.

London, July 12 (ANI): Business firms are failing to value social networking sites' huge potential at present, warns a leading information technology company.

New York, July 11 (ANI/Business Wire India): WNS (Holdings) Limited, a leading provider of global business process outsourcing (BPO) services, announced it has entered into a transaction with Aviva, the world's fifth largest insurance group with 95 billion dollars revenue in 2007.

Albuquerque, New Mexico/Mumbai, July 10 (ANI/Business Wire India): The unions representing the workers of ASARCO LLC ("ASARCO"), and Sterlite Industries (India) Limited ("Sterlite") (NYSE:SLT), a subsidiary of Vedanta Resources plc and a party to an agreement to acquire substantially all assets of ASARCO, jointly announced today that they have reached agreement on the terms of the collective barga

Nicosia, July 10 (ANI): Crude oil production from the giant Azadegan oilfield from the current level of 20,000 barrels a day (b/d) will increase to 170,000 b/d, the Managing Director of the National Iranian South Oil Company (NISOC) Gholamreza Hasan Beiglou said.

London, July 7 (ANI): Uday Kotak, the Managing Director of Kotak Mahindra Bank, one of India's top private sector banks, has cautioned Indian companies not to be too exuberant about buying overseas acquisitions, and saying that prosperity for the country's financial sector lay in domestic opportunities.

Islamabad, July 5 (ANI): Latest figures issued by Pakistan's Federal Bureau of Statistics indicate that inflation has jumped over 31 per cent during the last one week.

Nicosia, July 3 (ANI): Saudi Basic Industries Corporation (SABIC) and China Petroleum and hemical Corporation (Sinopec) are reportedly planning to expand their cooperation in an thylene derivatives complex in the northern Chinese port of Tianjin.

Washington, June 26 (ANI): Made all the arrangements to crack that business deal worth millions, but still apprehensive? Well, then get a woman involved in the negotiation, for according to a new research, the ladies may be more skilled in the talks than their masculine counterparts.

Washington, June 20 (ANI): Individuals often sacrifice their personal self interest for the common good - and expecting them to behave selfishly by giving incentives can lead to bad policy, a new research has warned.

Nicosia, June 18 (ANI): The news that Saudi Arabia has told the UN Secretary General Ban Ki-moon that it will increase its crude output to 9.7 million barrels a day (b/d) in an effort to bring down prices, was welcomed by some OPEC members, while others said that it would not tame prices.

Mumbai, June 9 (ANI): Bombay Stock Exchange (BSE) fell 3.3 per cent on Monday led lower by Reliance Industries Limited and Infosys Technologies Limited.

Mumbai, June 4 (ANI): The markets slided in reaction to the fuel price hike announced by the Central Government today with Bombay Stock Exchange's (BSE) Sensex falling by 447.77 points or 2.81% to 15,514.79 level and the National Stock Exchange's Nifty sliding by 2.86 per cent or 134 points to 4581.90.