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India committed to reforms, FM tells European investors


Assuring India’s commitment to pursue economic reforms, finance minister P. Chidambaram has said government will cut fiscal and current account deficits to help economy return to the 8 per cent growth path.

Siemens' unit says set to cut 4,700 jobs


German light bulb maker Osram, which is soon to be spun off by its parent, engineering giant Siemens, said on Friday it is planning to cut costs by 1.0 billion euros ($1.3 billion) by 2015.

As part o

Bieber, Swift win big

Pop superstars Justin Bieber and Taylor Swift dominated the 19th annual MTV Europe Music Awards Sunday, but South Korean Internet phenomenon Psy clinched the coveted Best Video prize.

Adidas slashes Reebok 2015 sales target after India fiasco


Adidas slashed its 2015 sales target for its struggling Reebok brand to 2 billion euros from 3 billion euros after losing a major American football contract and fraud was discovered at its Indian oper

Germany coach hits back at an anthem criticism

Germany players should not be judged on whether or not they sing the national anthem before matches, coach Joachim Loew said Monday as he hit back at criticism over his team's Euro 2012 performance.

ECB turns screws on Greece, stops accepting collateral


The European Central Bank turned up the heat on Greece on Friday ahead of a review of its bailout programme, saying it would stop accepting Greek bonds and other collateral used by Greek banks to tap ECB funding, at least until after the review.

Economic gloom seen pushing ECB to cut rates


The European Central Bank is widely expected to cut borrowing costs to a record low on Thursday to support a deteriorating eurozone economy and complement measures agreed by government leaders last we

Daimler's Fuso and Nissan to cooperate in light trucks


German auto giant Daimler said on Friday that its Japanese truck unit Fuso has agreed to cooperate with rival Nissan in the area of light trucks.

"Fuso is expanding its business with light-duty truck

Lufthansa to cut 3,500 jobs in draconian cost-saving


Germany's top airline, Lufthansa, announced plans to shed 3,500 administrative jobs as part of a radical cost-cutting programme amid soaring jet fuel prices and stiff competition.

The unprecedented c

BMW reports record quarter, sees record year


German automaker BMW said on Thursday that the first quarter of this year was its best ever, surprising with an 18.1 per cent rise in net profits on a 12-month comparison to 1.35 billion euros ($1.8 b

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.