The Reserve Bank of India Governor Y V Reddy has said the higher level of headline inflation may be difficult to avoid in the short term though central banks across the globe are according a top priority to "calm the

It is of course true that a lot of low-income people can indeed afford mobile phones today, as handsets cost no more than Rs 700.

The initial purchase cost for an electric car may be high, but savings on fuel will help it pay back for itself in just a couple of years, if not faster.

The money and Maini soon found themselves, in the early '90s, in the midst of California's start-up boom.

Automobile giant General Motors will invest Rs 1,000 to Rs 1,200 crore (Rs 10-12 billion) to set up a power train (engine and gear box) manufacturing facility at its Talegaon Plant near Pune.

Benchmark ends day almost 1% lower, meaning it is down around 15% so far this year, worst in Gulf.

Siniora says agreement will be reached in 'near future', denies reports announcement imminent.

Despite rising costs, many companies still expect profit to continue rising, survey reveals.

GCC must act in face of soaring oil prices and plummeting dollar value, DPE report says.

Member Price $11.00 USD

Beirut - Saudi Arabian billionaire prince Al-Waleed Bin Talal now holds over 85 percent of shares of the Lebanese Broadcasting Corporation satellite television channel (LBCSAT) and the Production and Acquisition Company (PAC), according to An-Nahar daily.

Tehran has sent a written response to an offer from the world's leading powers regarding its nuclear programme, amid hopes in the west that formal negotiations could begin

For the week, the market dropped 2.5 percent, stretching losses to seven weeks in a row, the longest run of declines in seven years. No. 2 mobile operator Reliance Communications Ltd rebounded 12.5 percent to 438.20 rupees, its biggest one-day

The data was leaked early to newspapers, sending the benchmark 10-year bond yield to a seven-year high of 8.99 percent in early trade as inflation topped a consensus forecast for 11.44 percent and is now expected to rise beyond 12

The most urgent and short-term priority for central bankers at the current juncture seems to be to calm the nerves about inflation or to anchor inflation expectations, with an implicit recognition that a somewhat elevated headline inflation in the short-term

The finance minister said on Tuesday the government hopes strong revenue growth in the year to March 2009 would help keep the fiscal deficit below its annual target. But an analyst said the last quarter's figures were a spill-over from

The partial convertible rupee ended at 43.15/16 per dollar, 0.3 percent stronger than Thursday's close of 43.30/31. It had hit a 15-month low of 43.50 on Tuesday. "The rupee is stronger mainly because of gains in the stock market, otherwise

There is no plan to ban cotton exports," J N Singh, joint secretary, ministry of textiles, told Reuters on Friday. India on Thursday banned corn exports till October 15 to help domestic poultry industry by increasing supplies and lowering of

British retailer Marks & Spencer has been permitted to bring in 51 percent of FDI for single-brand retail operations, the finance ministry said in a statement. Parryware Roca, an equal joint venture between EID Parry and Spain's Roca to produce

However, at the same auction, where a small sculpture was bagged for Rs 4.15 crore (Rs 41.5 million), he also received his highest price ever for an Untitled work in alabaster with a double concave (playing once again on the