The cash-strapped city corporation is plunging into a deeper financial crisis. The state government’s decision to cut its annual maintenance grant and deduct plan fund allocation, coupled with the pow

The Indian economy will grow by 6.9 per cent in this financial year (2012-13) notwithstanding problems like policy uncertainties, fiscal deficit and inflation, the World Bank projected on Tuesday, whi

A bailout for Spain's teetering banks, once requested by Madrid, could amount to as much as 100 billion euros, two senior EU sources said on Saturday.

Spain has not yet made a formal request for Euro

Five global financial services majors, including Morgan Stanley, Stanchart and Citi, have lowered India's growth prospects to 5.7-6.4 per cent for the current fiscal, a day after markets received a ‘s

Private steel producer Tata Steel on Friday reported a nearly 90 per cent plunge in consolidated net profit to Rs433.46 crore in the March quarter on slackening demand in Europe coupled with high raw

Employees across corporate India are expected to get a lower average salary hike of 11.54 per cent in 2012 compared to last year as companies are grappling with sluggish economic activities, says a su

India has the potential to register economic growth of 8-9 per cent for several years by hugely investing in infrastructure, Planning Commission Deputy Chairman Montek Singh Ahluwalia on Wednesday.

The managing director of the International Monetary Fund (IMF) said on Tuesday that the global economy is making some advances in digging itself out of a punishing recession, but that the recovery rem

US Treasury Secretary Timothy Geithner has cautioned against the perils of 'financial crisis amnesia' in the wake of complaints from those attempting to weaken or repeal Wall Street reforms.

Geithner

The European Central Bank (ECB) faces a new eurozone debt crisis on Thursday, with many wanting it to resume controversial purchases of government debt to ease the market pressure on Italy and Spain.