Business News

Training centre becomes Hotel, Infosys accused of cheating!

Bangalore, Jan 18: India's one of the IT giants - Infosys seems to have landed in a war with Mysore businessmen when the hoteliers in Mysore accused Infosys of violating accommodation norms and hurting their business interests in the city.The controversy

Policy paralysis in S Asia; Indian growth to slow: World Bank

New Delhi/Washington, Jan 18: The World Bank has estimated India's growth for the current fiscal at 6.8 per cent, lower than the government projection, as the economy faces headwinds of high interest rates and "heightened" uncertainty of policy reforms. Without

War among Indian IT companies: 'HCL to surpass Infosys, TCS'

Bangalore, Jan 18: One of the most recognised IT companies in India, Hindustan Computers Ltd (HCL) Technologies has the potentialities to outperform two IT giants of the company - Infosys and Tata Consultancy Services (TCS). The statement came from MD and

Oil prices higher in Asian trade over US, China data

Singapore, Jan 18: Oil prices rose in Asian trade on Wednesday on a weaker dollar and positive economic data from major crude consumers China and the United States as well as Germany, analysts said. New York's main contract, West Texas

GoM gives nod to 49% FDI in civil aviation

New Delhi, Jan 17: Accepting a major demand of the cash-strapped aviation industry, the government on Tuesday said it would soon launch the process to allow foreign airlines 49 percent stake in Indian carriers. A meeting between Finance Minister Pranab Mukherjee

UN delivers gloomy outlook for 2012 economic growth

Geneva, Jan 17: The world economy is teetering on the brink of another major downturn, and 2012 and 2013 will probably see anaemic growth at best, two United Nations reports said Tuesday. "Output growth has already slowed considerably during 2011, said a

Infosys choses ICICI over SBI Bank, KV Kamath influencing?

Bangalore, Jan 17: In a shocking report, one of the major IT giants of the country - Infosys withdrew all its money, deposited in the largest commercial bank on India - State Bank of India (SBI).According to sources, Infosys' deposits of

Rupee up 32 paise against dollar in early trade

Mumbai, Jan 17: The rupee strengthened by 32 paise to 51.05 per dollar on the Interbank Foreign Exchange market in early trade on Tuesday, supported by continued foreign fund inflows. Dealers said consistent dollar inflows and euro's gains against the

Oil prices higher in Asia on Iran fears

Singapore, Jan 17: Oil prices climbed in Asian trade today on fresh worries over tension between Western powers and major producer Iran. New York's main contract, West Texas Intermediate crude for delivery in February, gained 89 cents to USD 99.59

Traces of fungicide found in Pepsi Co Inc's Tropicana juice

Chicago, Jan 16: Traces of fungicide have been found in the company tests of Tropicana Orange juice, said PepsiCo Inc.The company, however, said that the levels found were below federal safety concerns and did not pose any health risk.The company also

Gold rises by Rs 50, silver by Rs 150 on firm demand

New Delhi, Jan 16: Both gold and silver rose in the bullion market here today on fresh buying by stockists and jewellers to meet the marriage season demand amid a firming global trend. While gold rose

US court rejects blocking of American bank loans to AI

New York, Jan 16: An US federal court has rejected bid by an industry body of major US airlines to block $3.4 billion loan to Air India to purchase new Boeing planes.Trade body Airlines for America had filed a lawsuit in November

Oil higher in Asian trade on Nigerian unrest

Singapore, Jan 16: Oil prices rose in Asian trade on Monday as worries over supply disruptions in Nigeria outweighed concerns over the mass debt downgrade of eurozone nations, analysts said.New York's main contract, West Texas Intermediate crude for delivery in February, gained

Kingfisher importing ATF is bad economics: Oil companies

New Delhi, Jan 15: As the government mulls allowing Kingfisher Airlines to import ATF directly, oil companies have opposed the move saying the proposal was "bad economics" for the beleaguered airline in view of high taxes and handling cost.In a detailed

S&P rating takes Euro debt crisis deeper

London, Jan 14: In a recent bad news for debt driven nations in Europe, Standard & Poor's have downgraded the credit rating of France and Italy and seven other nations on Friday, Jan 13.This is likely to add more woes to

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