SEBI toughens stance on serious cases
The Securities and Exchange Board of India (SEBI) said it would not settle serious cases such as insider trading and unfair trade practices through the use of consent orders - a mechanism that avoids
Di Resta is a huge asset, says Vijay Mallya
Force India expect Paul Di Resta to stay with them next season but would be understanding if the highly-rated British Formula One driver wanted to move elsewhere, team owner Vijay Mallya said on Thurs
Fernando Torres excited by future after Chelsea talks
Chelsea striker Fernando Torres has put a difficult season behind him and is itching to be part of the European champions' future plans, the player said on Thursday following talks with the club's hie
Facebook market makers' losses total at least $100 million
Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems w
US senators penalise Pakistan for jailing doctor who aided CIA
U.S. senators scandalized by Pakistan's jailing of a doctor for helping the CIA find Osama bin Laden voted on Thursday to cut aid to Islamabad by $33 million - one million for each year in the doctor'
Telecom commission wants more airwave slots in auction
India's Telecom Commission wants a higher number of slots to be auctioned in an upcoming sale of second generation (2G) radio airwaves than that proposed by the sector regulator, in what could provide
U.S. sets more duties on India steel pipe
The United States piled another layer of preliminary duties on Thursday on a certain type of steel pipe from India, one month after New Delhi complained at the World Trade Organisation about an earlie
E-mail, wiretaps at trial link Rajat Gupta to Rajaratnam
Using FBI wiretaps, e-mail, phone records and the testimony of a Goldman Sachs Group Inc director, U.S. prosecutors drew a picture for jurors on Thursday of events that led to the insider-trading tria
Hurricane Bud takes aim at Mexico's Pacific coast
Hurricane Bud, the first Pacific hurricane in the 2012 season, strengthened into a major Category 3 storm on Thursday as it headed toward Mexico's coast, the U.S. National Hurricane Center said.
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Iran, big powers agree to hold more nuclear talks in June
Iran and world powers agreed to meet again in Moscow in June for more talks to try to end the long-running dispute over Tehran's nuclear programme, but there was scant progress to resolve the main sti