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Maruti factory riot sounds alarm bells for industry

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Hiding in his office near New Delhi as workers armed with iron bars and car parts rampaged through the factory, Maruti Suzuki supervisor Raj Kumar spent two terrified hours trying to comprehend the wa

Rate sensitive stocks gain on Chidambaram comments

Banks, auto makers and property developers gain after the finance minister's comments about interest rates being high spark hopes the government will exert pressure on the RBI to ease monetary policy.

NY may pull StanChart licence, says 'rogue' bank hid $250 bln in Iran deals

New York's top bank regulator threatened to strip Standard Chartered Plc of its state banking licence, saying the British bank was a 'rogue institution' that hid $250 billion in transactions tied to I

CRISIL slashes India FY13 growth forecast to 5.5 pct

Rating agency CRISIL slashed India's growth forecast to 5.5 percent for the fiscal year ending March, one of the lowest estimates on the street, just two months after pruning its projection to 6.5 per

Indian airlines to return to profit in FY2014: Merrill

Bank of America-Merrill Lynch upgrades Jet Airways and SpiceJet to 'buy' from 'underperform', saying improving industry trends such as signs of ticket price hikes and reduced capacity will improve pro

Curiosity lands on surface of Red Planet

Mission controllers at the Jet Propulsion Laboratory near Los Angeles burst into applause and cheered as they received signals relayed by a Mars orbiter confirming that the rover had survived a make-or-break descent and touched down within its landing zone.

Cognizant posts higher 2nd-quarter profit

Cognizant Technology Solutions Corp reported a higher quarterly profit on increased demand for its outsourcing services.

The information technology services provider's net income rose to $251.9 milli

Sacked Syrian premier defects to Jordan: Source

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Syrian Prime Minister Riyad Hijab has been sacked, state television reported on Monday, and an official source in Amman said he has defected with his family to neighboring Jordan.

Syrian state TV ann

Govt to shortly unveil path of fiscal consolidation: FM

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Finance Minister Palaniappan Chidambaram said on Monday he intends to shortly unveil a path of fiscal consolidation, assisted by a panel.

Chidambaram also said clarity and stability in tax laws would

China calls in U.S. diplomat over South China Sea

China's Foreign Ministry has called in a senior U.S. diplomat to protest remarks by the U.S. State Department raising concerns over tensions in the disputed South China Sea, in the latest political sp

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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.