India's inflation rate of 7.5 per cent is still high, the central bank governor Duvvuri Subbarao said on Friday, adding the RBI was on alert to manage both growth and inflation.

India's headline infl

An international team of astronomers has produced the first map of the universe as it was 11 billion years ago, filling a gap between the Big Bang and the rapid expansion that followed.

Toyota Motor Corp said it will recall around 2.77 million vehicles worldwide, including certain models of the Prius, due to problems with the steering mechanism and the hybrid system water pump, its s

Citigroup said it will pay $15.5 million to Vikram Pandit, its former chief executive who resigned from company last month, as well as to his top deputy. The Bank said on Friday the payments to Pandit and former chief operating officer John Havens reflect the progress the Bank made in 2012 and work they did in some earlier years.

Debt-ridden Kingfisher Airlines, grounded for over a month after a violent staff protest and concerns about safety, widened its quarterly loss from a year ago because of a steep decline in revenues.

China’s outgoing leader and his likely successor are pushing the ruling Comm-unist Party to adopt a more democratic process this month for choosing a new leadership, sources said, in an attempt to boost its flagging legitimacy among the public.

Capping a long and bitter race for the White House, Americans cast their votes Tuesday wi-th polls showing Presi-dent Barack Obama and Republican challenger Mitt Romney ne-ck-and-neck in an election likely to be decided in a handful of states.

The monsoon is likely to fail more often in the next 200 years threatening food supplies, unless governments agree how to limit climate change, a study showed on Tuesday.

The monsoon rains could coll

India's economy should expand by 5.5 percent to 6.0 percent this year and return to 7 percent growth in 2013, Finance Minister P. Chidambaram told Reuters on Sunday, although he said inflation was at

A metal door set into a mountain in Switzerland offers a way out for fine art investors forced to pay over the odds to insure their collections