Business News

A strong performance at its cable division and cost-cuts at its film studio propelled Walt Disney Co to better-than-expected earnings, but clouds remained over its theme parks.

Honda Motor Co said on Wednesday it would recall 437,763 vehicles globally for defective airbags.The automaker said that this includes 4,042 cars in Japan and that there had been no accidents related to the airbags reported outside the United States.

Honda Motor Co Ltd said on Tuesday it is recalling 378,758 vehicles in the United States to fix an airbag defect linked to 11 injuries and one fatality.

As the U.S. Congress gears up to delve into Toyota Motor Corp's massive global vehicle recall, the question they face is whether the automaker and regulators misread or ignored rising consumer complaints.

Boeing Co is seen benefiting from its long-standing ties to Norm Dicks, the Washington state Democrat who is poised to become chairman of the House defense appropriations subcommittee after the death of Representative John Murtha on Monday.

The IT industry's apex body, Nasscom, on Tuesday announced that it will further enhance its focus on 'e-governance' during the year.

Informal Doha trade talks in Geneva last week were discouraging from the Indian perspective, as low-level representation from the US evoked little optimism over a deal being reached this year — as was targeted by the Group of 20 last year.

In a move aimed at simplifying and speeding up external commercial borrowings (ECBs), the Reserve Bank has allowed banks to alter the terms of overseas debts, including repayment schedule, without prior permission from the central bank.

The government is planning to set up a Rs 1,000-crore Fertiliser Development Fund to provide loss making Fertiliser Corporation of India Limited (FCIL) a new lease of life.

States may get to tax sugar and textile and yet not lose revenue with the Thirteenth Finance Commission (TFC) likely recommending that there should not be any deduction from the divisible pool in case states tax these items.

New York, Feb 10 (IANS) India and China accounted for much of the three percent growth in the worldwide sales for Coca-Cola in 2009.

REUTERS - U.S. Federal Reserve Chairman Ben Bernanke is expected on Wednesday to outline the U.S. central bank's strategy for tightening monetary policy once it is confident in the strength of the economic recovery.

Tokyo, Feb 9 (DPA) Toyota Motor said Tuesday it would recall about 437,000 vehicles globally to fix a faulty braking system in its top-selling Prius and three other hybrid models, the latest in a series of recalls threatening the reputation of the world's largest carmaker.

Abu Dhabi, Feb 9 (IANS) The United Arab Emirates (UAE) and Poland have increased bilateral economic cooperation following the visit of a UAE delegation to Poland, WAM news agency reported Tuesday.

London, Feb 9 (IANS) The British government warned Tuesday that people sending money abroad from Britain should only use the services that have been authorised or registered with the Financial Services Authorities (FSA).

Mumbai, Feb 6 (IANS) Sentiments were positive at Indian equities markets which opened 11 a.m. Saturday for a 90-minute special trading session with a key index ruling 101 points higher than its previous close, about half an hour into trade.

India, Feb. 6 -- Fun, frolic, gourmet pleasures, shopping thrills, exciting gifts and some quality time spent with your family and loved ones - the HT City Shopping Carnival - is all about having a good time and splurging without feeling guilty.

Mumbai, Feb 5 (IANS) The two major bourses, Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), will conduct a special 90-minute trading session Saturday to test NSE's upgraded systems.

Mumbai, Feb 5 (IANS) A key benchmark index for Indian equities Friday shut shop 434 points lower than its previous close, aping global peers that remained depressed over fears of rising sovereign debt in Europe and poor US job data.

Mumbai, Feb 5 (IANS) A key benchmark index for Indian equities Friday shut shop 2.78 percent lower amid heavy selling.

A U.S. congressional committee postponed a hearing scheduled for Wednesday to examine recent vehicle recalls and how Toyota Motor Co and regulators responded to reports of safety problems with big-selling cars.

Japan's benchmark Nikkei average opened up 0.92 percent at 10,024.26 on Wednesday, while the broader Topix gained 0.73 percent to 887.98.

Greek public sector will strike on Wednesday in the first major test of the government's commitment to push through austerity plans and tackle a debt crisis which has shaken the euro zone.

Former U.S. Treasury Secretary Henry Paulson and billionaire investor Warren Buffett, from different sides of the political spectrum, expressed support on Tuesday for the U.S. government's aggressive steps in 2008 to keep the nation's banks and economy from a complete meltdown.

Japan's Nikkei stock average is set to rise on Wednesday after reports of an aid plan for heavily indebted Greece relieved worries about global economic stability, while a weaker yen is likely to support exporters.