Rajat Gupta trial defence bids to sow doubt with phone records
Lawyers for former Goldman Sachs Group Inc board member Rajat Gupta on Wednesday tried to use phone records to sow doubt at his insider-trading trial about contact with now-imprisoned hedge fund found
Govt to allow more airwave slots in auction: Official
A ministerial panel decided to auction a higher number of slots in an upcoming sale of second generation (2G) radio airwaves than that proposed by the Telecom Regulatory Authority of India (TRAI), a g
India prepares contingency plan for eurozone meltdown
India has prepared a contingency plan for Greece exiting the eurozone and even a collapse of the monetary union, Indian officials said on Tuesday.
The euro zone debt crisis has already put a damper o
Cash piles up at RIL; growth cycle slowing?
Billionaire Mukesh Ambani's Reliance Industries is piling up cash even as its profits shrink, fuelling investor disquiet over a tumbling share price and lack of clear vision at a company that was once
Sensex up 169 points in early trade
The BSE benchmark Sensex on Wednesday surged over 169 points in early trade, extending gains for the third straight session on sustained buying by funds and retailers amid a firming trend on other
Asian shares rise as Spanish woes stoke stimulus hopes
Asian shares rose on Wednesday as concerns that Europe's financial strains could intensify following a warning from Spain that it was being shut out of credit markets fuelled hopes that policy makers
Gold rally triggers scrap sales in India
A sharp rally in gold at the end of last week prompted a wave of scrap selling in India and elsewhere in Asia as market participants took advantage of higher prices, while fresh buying was sluggish on
Sensex rallies on continued rate cut hopes
The Sensex provisionally rose 2.5 percent, posting its biggest daily percentage gain since January 3, as hopes the RBI would cut interest rates sparked a rally in sectors that could most benefit such
Greece has 1-in-3 chance of leaving euro zone: S&P
Credit rating agency Standard and Poor's said on Monday that it sees ‘at least’ a one-in-three chance of Greece exiting the euro zone in the coming months, an outcome which could lead the financially
Top Al-Qaeda strategist may have been killed in Pakistan
Abu Yahya al-Libi, one of al-Qaeda's top strategists and seen as the most prominent figure in the network after leader Ayman al Zawahri, may have been killed in a drone strike in northwest Pakistan, P