‘Savage’ jihad ad debuts in New York City subway
An inflammatory ad equating Islamic jihad with savagery was posted on Monday in 10 New York City subway stations, even as much of the Muslim world was still seething over a California-made movie ridiculing the Prophet Mohammad.
Cairn Energy sells 8 per cent stake in Cairn India
Cairn Energy Plc (CNE.L) has raised $910 million by selling an 8 per cent stake in Cairn India, continuing the sell-down of its historic interest in the Indian business it formerly controlled to fund
Inflows of $2 billion/year seen on borrowing tax cut
India may get $2 billion in additional inflows per year in the medium term after the government last week cut the withholding tax on overseas borrowing by local firms, says Barclays Capital.
The tax
Fila expects Adidas-Reebok woes to benefit its India business
Italian sportswear brand Fila expects the decision by German competitor Adidas to reduce the number of its Reebok stores in India will significantly benefit its business as it looks to expand in the c
Bailout, but no reform, for indebted power distributors
Government is set to offer a bailout to its cash-strapped power distributors that would help restructure more than $35 billion in debt but do little to reform a sector whose dysfunction has exacerbate
iPhone manufacturer closes China plant after workers brawl
Taiwan’s Foxconn Technology Group, which assembles Apple’s iPhones and makes components fortop global electronics companies, closed a plant in China on Monday after about 2,000 workers were involved in a brawl at a company dormitory.
iPhone 5 defines Apple success, Tim Cook-style
Tim Cook is no Steve Jobs when it comes to leading Apple Inc. As the debut of the new iPhone 5 just proved, that may not be a bad thing.
The taller, thinner and lighter phone prompted a rush on Wall
Romney pulls in big bucks in southern California
Having declared that his Presidential campaign does not need a makeover, Republican Mitt Romney raised millions of dollars at two fundraisers in southern California on Saturday to help bankroll the fi
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
SBI says cuts benchmark lending rate by 25 bps
India's biggest lender, State Bank of India, said on Saturday it has cut its benchmark prime lending rate, the interest rate that commercial banks normally charge, by 25 basis points to 14.50 per cent