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Libyan assembly votes Gaddafi opponent as president

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Libya's national assembly picked former opposition leader Mohammad Yousuf Maqrif as its president as the North African country's newly elected congress began its rule.

Infosys faces new lawsuit over visa whistleblower

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A former U.S. employee has filed a lawsuit against Infosys Ltd, India's No.2 software services provider, saying he was harassed for pointing out possible misuse of U.S. business visas, according to a copy of the lawsuit.

Man United IPO priced below range, club worth $2.3 billion

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Manchester United Ltd's initial public offering priced well below its expected range on Thursday, valuing the British soccer club at only $2.3 billion and shaving off as much as $100 million from the

Govt probes anti-competitive practices by car makers

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The Competition Commission of India (CCI) is investigating anti-competitive practices by car makers, the government said on Thursday, without naming the companies in question.

The CCI had received in

U.S. Justice Department drops Goldman financial crisis probe

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The U.S. Justice Department said it will not pursue criminal charges against Goldman Sachs Group Inc or its employees related to accusations that the firm bet against the same subprime mortgage securi

UBS downgrades SBI to 'sell' ahead of earnings

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UBS downgraded State Bank of India to 'sell' from 'buy', saying a weak monsoon would add to its 'already high' non-performing loans while expecting margins to decline due to rising cost of funds and p

IBM made 'informal approach' for RIM's enterprise business: Report

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International Business Machines Corp has considered buying Research In Motion's enterprise division, Bloomberg reported On Friday, citing two unnamed sources.

IBM made an informal approach for the en

Barclays names City grandee Walker as chairman

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Barclays has picked corporate governance expert and City grandee David Walker as its new chairman in an effort to rebuild the UK bank's reputation after a rate rigging scandal.

The British bank said

I have no respect for Carl Lewis, says Bolt

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Newly-crowned 'greatest-ever sprinter' Usain Bolt said on Thursday he had lost all respect for Carl Lewis, the man whose on-track exploits he has surpassed with his unique Olympic double-double but wh

Ground realities may hurt Chidambaram's agenda

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The return of a pro-market reformer to India's finance ministry has cheered investors and contributed to a market rally, but Palaniappan Chidambaram will need both political deftness and some luck to

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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.