Business News

The country's most valued firm Reliance Industries helped eight of the top-10 Sensex firms add over Rs 1 lakh crore in their market valuation during the last week, while the state-run MMTC and private telecom services provider Bharti Airtel saw value erosion.

Global factors that helped Indian bourses rise by over 10 per cent in November so far, may continue to power a short-term bull run next week as well as investors turn to risky assets following sliding dollar against a basket of currencies.

Capitalism is still alive and well, say the world's two richest men, despite lingering shocks from the longest, deepest recession since the Great Depression.

Boeing Co said on Thursday that it has completed work to address a structural problem on its delayed 787 Dreamliner, and still expects the airplane's maiden flight to take place before year's end.

China, India and Indonesia have been the fastest growing economies in Asia-Pacific and aided the region in staving off an overall contraction, said a Standard & Poor's (S&P) recent article, The Best And The Rest, which ranks the Asia Pacific sovereign credits.

US immigration authorities have announced that they would accept petitions for H-1B visas, popular among Indian professionals, without the certified Labour Condition Applications (LCAs) for a 120-day period till March 4 next year in view of processing delay at Department of Labour.

Two General Motors cars due in showrooms next year must be hits to help the automaker turn around sales and pay back its big debt to US taxpayers.

Tata Steel on Thursday said it has approved an exchange offer for an existing $875 million securities into foreign currency convertible bonds to reduce the company's future debt obligations.

Bill Gates said on Wednesday he believes Wall Street pay is "often too high" and that US government ownership of American International Group Inc worries him because it has devalued the giant insurer.

Hewlett-Packard Co is making a move into the network equipment market by striking a $3.1 billion deal for 3Com Corp, in a major challenge to Cisco Systems Inc.

Hyundai Motor Co expects its global sales in 2010 to be better than last year, its president and CEO said on Thursday.

The continuous slowdown in demand in developed markets like the US and Europe have led Honda Motor Corporation of Japan to focus on China and India for future growth.

Troubled insurer American International Group's Chief Executive Officer Robert Benmosche is considering stepping down from his post just three months after he took the job, a media report says.

The World Health Organization has said pharmaceutical company GlaxoSmithKline (GSM) is to donate 50 million doses of pandemic H1N1 vaccine to the WHO for use in developing countries.

The world's two largest cellphone makers, Nokia and Samsung Electronics, unveiled on Tuesday their latest rivals to the iPhone as Apple became the top profit generator in the handset industry.

World Bank President Robert Zoellick said on Wednesday the world needed a cooperative approach to exit from easy fiscal and monetary policies and the timing for Asian central banks would depend on markets.

Buffeted by job losses and credit crunch, many British consumers resorted to shop-lifting of goods worth 4.88 billion pounds (USD 8.13 billion) during the first six months of 2009, latest industry figures have shown.

If generics are the gateway of growth for global pharmaceutical giants such as AstraZeneca, Pfizer, Sanofi-Aventis, Novartis, Merck and GlaxoSmithKline, there is a clear and renewed thrust on the $17 billion Indian pharmaceutical market.

Wipro Consumer Care & Lighting has signed an agreement with UK's Lornamead group to acquire the Yardley business in Asia, Middle East, Australasia and certain African markets for $45.5 million (about Rs 214 crore).

The finance ministers of G-20 nations have agreed on a timetable for the new framework for balanced and sustainable growth of the global economy, but made a little progress on financing efforts to reduce global warming.