Business News

Bottlenecks continue to delay the Sipat project with NTPC now having reservations on giving a fresh application to the Chhattisgarh government for restoring water supply to the project.

Prime Minister Manmohan Singh's appeal to all political parties not to politicise the inflation issue and not to indulge in "scare mongering" had the Left fuming today as it launched an attack on him.

Yahoo Inc is working to rewire the dozens of services across its site so that users can manage all information about themselves in a single place and share it with friends across the Web.

Concerns about food security mounted on Thursday, as rice prices hit records in Asia and the United Nations warned that staples for the world's hungry were getting much more expensive.

Microsoft Corp gave Yahoo Inc no hope of a higher takeover price, saying it was ready to go hostile or even call off its bid if Yahoo maintains 'unrealistic expectations' of a better deal.

Britain's advertising watchdog has rapped an Indian channel for telecasting an advertisement that breached the standards code by promoting the occult, psychic practices and exorcism.

Nearly 41 per cent of wealthy Americans may spend less on luxury items in the next one year, amid fears of a weakening economy, says a new study.

Having survived the boardroom rumpus and a slew of shareholder dissent and with a masterstroke-like entry into Indian market, British mobile giant Vodafone's India-born CEO Arun Sarin has been named the most powerful businessperson in the UK's technology and telecom industry.

China's booming economy, which relies on coal for 70 per cent of its electricity, could be running out of steam, with the country's coal reserves down to just 12 days.

Three Indian-origin businessmen who swindled banks in Britain and the United States of more than 300 million pounds by pretending to run a worldwide metal trading empire have been found guilty and face a long term in jail.

The current turbulence in world financial markets notwithstanding, there exists a positive attitude among private business owners in emerging economies, particularly in India and China, toward mergers and acquisitions, says a global survey.

Government said a Free Trade Agreement (FTA) with China was not a "priority" for India due to "deep divisions" within the government and opposition from the industry.

The head of the International Monetary Fund warned on Friday that soaring world food prices can have dire consequences, such as toppling governments and even triggering wars.

Foreigners travelling to China from Hong Kong are being subjected to new visa restrictions ahead of the Beijing Olympics, which one foreign business chamber has criticised as inflexible, costly and lacking transparency.

It is a new Forbes list and covers rich people and their fights, but for a change the Ambani brothers are not its India connection -- rather, Vijay Mallya and Naresh Goyal have made to the magazine's battling billionaires list for their fight to lord over Indian skies.

Oil prices drifted off record highs above $115 on Friday after setting a series of new peaks this week as investment flows pushed several commodity markets to fresh highs.

The Reserve Bank of India carried forward the government's war on inflation by raising the cash reserve ratio (percentage of deposits banks have to keep with the RBI) by 50 basis points to 8% to suck out Rs 18,500 crore from the system.

Finance Minister P Chidambaram warned cement and steel companies today of tough administrative measures if they did not mend what he called their cartel-like behaviour.

India's economy is expected to expand by 9.5 per cent in the current 2008/09 fiscal year, driven by large capacity additions, a Mumbai-based think-tank said on Tuesday.

Food riots in developing countries will spread unless world leaders take major steps to reduce prices for the poor, the head of the United Nations Food and Agriculture Organisation (FAO) said on Friday.