Knight's future in balance after trading disaster
Knight Capital Group Inc fought for survival on Thursday after a $440 million trading loss caused by a software glitch wiped out much of its capital, forcing Knight to seek new funding as its shares p
LinkedIn defies social media slump, raises outlook
Professional networking site LinkedIn Corp reported higher-than-expected revenue and raised its full-year outlook as it pocketed more money from subscribers, services aimed at businesses and advertisi
Mahindra Satyam shares surge after earnings, Tech Mahindra up
Mahindra Satyam jumps 8.7 per cent after hitting as high as Rs 91.85, its highest since July 21, 2011.
Gains come after the software services exporter beat analyst estimates with a 56.4 per cent rise
Drought sparks fears for tractor sales
Tractor maker Mahindra & Mahindra shares fall 1.7 per cent as the growing likelihood of a drought in India threatens to hit rural sales.
Mahindra & Mahindra already saw tractor sales fall 2.4 per cen
Company Law Board orders Telenor JV to halt asset auction
The Company Law Board on Friday ordered Telenor's (TEL.OL) mobile phone joint venture in the country not to proceed with a planned auction of its assets until its next hearing, after the Norwegian mob
Iran blames US, others for failure of Annan's plan - Report
Iran blamed Western and Arab countries on Friday for the failure of Kofi Annan's Syria peace plan, the official IRNA news agency said on Friday, a day after the former U.N. secretary general quit as i
Facebook dives below $20 for the first time
Facebook shares crumbled again on Thursday, sending the once-feverishly sought-after name below $20 for the first time as investors scrambled to get out of the way of a potential share deluge in comin
Blackouts shine light on broken power sector
As India's power minister stood up to address parliament one day last May, the chamber was plunged into darkness and a roar of laughter went up.
Rolling power cuts are part of daily life in India, wh
Fed says U.S. economy weaker but leaves policy on hold
The Federal Reserve stopped short of offering new monetary stimulus on Wednesday even as it signaled further bond buying could be in store to help a U.S. economic recovery that it said had lost moment
Lenovo executive dismisses Nokia bid talk as 'joke'
Chinese personal computer maker Lenovo on Wednesday quashed market speculation it was interested in buying struggling Finnish cellphone maker Nokia.
"This must be a joke," Gianfranco Lanci, who runs