World stock markets advanced on Friday, posting double-digit gains for the quarter, as economic reports showing U.S. consumer spending and sentiment still on the rise helped buoy stock prices and unde

Yahoo will begin layoffs of thousands of employees next week and will announce a plan to restructure the company the week after that, according to a media report.

Yahoo declined to comment.

The layo

Ten years after announcing the project, Jindal Power and Steel is still waiting to start digging for coal to fuel its $3.1 billion steel and power complex in Orissa state.

The project is one of sever

Eurozone finance ministers agreed on Friday to increase their financial firewall to 700 billion euros to ward off a new flare-up of Europe's sovereign debt crisis, drawing a positive initial reaction

Usain Bolt, already the world's fastest man, could lop another 0.18 seconds off his 100 metre sprint world record even without running any faster. It's just a question of getting a few conditions righ

Tibet's Buddhist leader the Dalai Lama has won the 2012 Templeton Prize worth $1.7 million for his work affirming the spiritual dimension of life, the U.S.-based John Templeton Foundation said on Thur

Executives of U.S. investment bank Goldman Sachs are due to take their Indian charm offensive to the capital New Delhi on Friday, sources said, after courting business leaders and holding their first

Vodafone and Tata Communications were given an extra three weeks to decide whether they want to bid for British telecoms group Cable & Wireless Worldwide now valued at $1.5 billion.

Vodafone, the wo

Research In Motion posted a net loss and its first slump in BlackBerry shipments for its holiday quarter since 2006, as its new CEO announced the initial steps in a strategic overhaul and would not ru

JP Morgan downgraded Jet Airways to 'underweight' from 'overweight' on Friday, saying high oil prices and the weak rupee were among the negative factors denting the outlook for the sector.

"We believ