Business News

New York, Sep 16 (PTI) Amidst global financial turmoil, one of the biggest US banks Citigroup today clarified that its 138 billion dollars in bonds debt to Lehman Brothers, which has filed for

New York, Sep 17 (PTI) Fearing worldwide impact of collapse of American Insurance Group (AIG), the United States government has agreed to a USD 85 billion bailout that gives it control of the

Priyanka Tikoo Miami, Sep 17 (PTI) In a major setback to Indian pharmaceutical giant Ranbaxy, the US has blocked imports of generic drugs produced by it due to "serious" manufacturing

Mumbai, Sep 16 (PTI) The Reserve Bank today asked US investment bank Lehman Brothers' NBFC and primary dealer arms not to remit money in forex without its approval.

New Delhi, Sep 16 (PTI) The VAT panel wants the Union Government to bear at least half of the financial burden that the states will have to bear following the implementation of the Sixth Pay

New Delhi, Sep 16 (PTI) Global financial crisis following the collapse of US investment bankers Lehman Brothers will adversely impact the portfolio investment in India, according to Prime

New Delhi, Sep 16 (PTI) With nearly half of their revenues coming from banking and financial services segments, India's top software exporters today said they are closely monitoring the financial

Mumbai, Sep 16 (PTI) Amidst a plunge in major Asian and European stocks today on global financial crisis, the Indian benchmark Sensex today closed flat after recovering the hefty losses in morning trade with a surprise buying in banking stocks. The BSE barometer settled the day at 13,518.80 points, lower by marginal 12.47 points, or 0.09 per cent, from its last close.

Washington, Sep 16 (PTI) Within 24 hours of US investment banker Lehman Brothers filing the largest bankruptcy in the American history, International Monetary Fund said the financial crisis may

New York, Sept 16 (PTI) In the continuing meltdown in the US financial market, World's largest insurer, American International Group (AIG) was today downgraded by credit rating agencies and was

New Delhi, Sep 15 (PTI) Nepalese Prime Minister Pushpa Kamal Dahal 'Prachanda' today assured security to Indian investors but said the larger security issue in the region needs to be addressed

New York, Sep 15 (PTI) Global financial markets sank sharply today as traders worried over more troubles at the Wall Street following a failed plan to rescue Lehman Brothers, and Bank of

Dharam Shourie New York, Sep 15 (PTI) A series of events in United States, including Bank of America agreeing to buy Merrill Lynch for 44 billion dollars and Lehman Brothers' move to file a

Mumbai, Sep 12 (PTI) The Indian rupee today fell by 18 paise to close at a fresh 23-month low of 45.

New Delhi, Sep 12 (PTI) Petroleum Minister Murli Deora today said there are no plans to cut fuel prices in immediate future, while terming the fall in global crude prices to the lowest in six

Washington, Sep 10 (PTI) Cumbersome tax and legal procedures have knocked India down 2 notches to 122 in the 'Doing Business Report 2009' - a global ranking prepared by the International Finance

Kolkata, Sep 9 (PTI) Union Steel minister Ram Vilas Paswan said here today that the government has recommended a hike of five per cent in iron ore export duty to make it 20 per cent from present

Mumbai, Sept 8 (PTI) The Bombay Stock Exchange benchmark Sensex regained the 15K level and surged by 623 points in early trade today on heavy buying by foreign funds and retail investors after

Sridhar Krishnaswami Washington, Sept 6 (PTI) Driving home the point that he is for creating jobs in the US, Democratic Presidential nominee Barack Obama has favoured streamlining the process

Mumbai, Sep 1 (PTI) The Indian rupee today closed above the psychological level of 44-mark against the greenback in over 17 months on sustained demand for the US currency from oil refiners amid