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Tokyo, Japan | May 24, 2013 11:55 (IST)

The Nikkei share average rose on Friday in turbulent trade, stablising somewhat after a 7.3 per cent dive in the previous session, but the extreme volatility and worries the bull-run may be running out of steam sidelined most buyers.

May 24, 2013 11:30 (IST)

The government has set up the tax ombudsman to address grievances and to provide tax payers a platform to put forth their issues.

May 24, 2013 11:19 (IST)

Disgraced IT executive Phaneesh Murthy and his former employer iGate Corp will be sued by the firm's investor relations head for alleged sexual harassment, the victim's law firm said today.

May 24, 2013 11:09 (IST)

New York-listed Taro said quarterly net profit rose to $49.2 million from $47.3 million a year earlier.

May 24, 2013 11:08 (IST)

US-based outsourcing firm iGate is being investigated by a law firm to ascertain whether the company and its employees violated federal securities laws.

May 24, 2013 10:54 (IST)

If you are comfortable with speculation, be a trader, and if you are conservative, choose to be an investor.

May 24, 2013 10:31 (IST)

The BSE Sensex turned lower on Friday after opening with over 150 point-gain, suggesting the lack of conviction in the markets. The broader Nifty convincingly broke the 6,000 mark tracking a sharp plunge in Japan's Nikkei 225 benchmark.

Mumbai | May 24, 2013 10:30 (IST)

Dealers attributed the rupee's fall to dollar gains against other currencies overseas, but a higher opening of the domestic equity market, capped the rupee's losses to some extent.

Sydney, Australia | May 24, 2013 10:18 (IST)

Japanese stocks turned negative on Friday and the yen reversed early losses, keeping intact worries that the Nikkei's largest one-day drop in two years may be the start of a bigger rout.

May 24, 2013 09:58 (IST)

Tata Steel shares rose more than 5 per cent on Friday after its January-March quarterly operating profit beat analyst estimates.

May 24, 2013 09:46 (IST)

Wockhardt shares plunged another 19 per cent on Friday, following the 20 per cent drop yesterday, after the generic drugmaker was hit by the imposition of an import alert (or ban) on its plant by the U.S. Food and Drug Administration.

May 24, 2013 09:23 (IST)

The BSE Sensex opened 150 points higher on Friday, while the 50-share Nifty benchmark edged above the 6,000 mark as markets rebounded after sharp selloff yesterday. Global markets also steadied with Japan's Nikkei 225 rising over 2.5 per cent, recovering from the over 7 per cent slide on Thursday.

Sydney, Australia | May 24, 2013 08:12 (IST)

Asian shares opened cautiously higher on Friday with Tokyo's Nikkei steadying from its biggest one-day drop in two years as investors breathed a sigh of relief when Wall Street cut losses on an upbeat outlook from Hewlett-Packard.

Mumbai | May 23, 2013 23:06 (IST)

Drug maker Wockhardt Ltd said up to $100 million in annualised revenue could be lost as a result of a US Food and Drug Administration "import alert" on one of its plants, but said it should be able to restore most of that within 6 to 9 months by shifting production elsewhere.

New Delhi | May 23, 2013 22:56 (IST)

State-owned power equipment major Bhel reported on Thursday a 4.2 per cent drop in net profit at Rs 3,327.54 crore for the quarter ended March 31.

Hyderabad | May 23, 2013 22:56 (IST)

Glenmark Generics, a subsidiary of Glenmark Pharmaceuticals, is recalling multiple lots of three of its drugs from the US market due to "odd smell", according to US Food and Drug Administration.

May 23, 2013 22:55 (IST)

Jet Airways chairman Naresh Goyal on Thursday picked up an over 29 per cent stake in the private carrier from another promoter entity for about Rs 1,434 crore.

New Delhi | May 23, 2013 22:55 (IST)

Industrial steam turbine maker Triveni Turbines posted on Thursday a 23 per cent jump in standalone net profit at Rs 30.59 crore in the quarter ended March 31, 2013 on strong overseas sales.

New Delhi | May 23, 2013 22:29 (IST)

The Union Cabinet will consider the impact of proposed hike in natural gas prices on power tariff and fertiliser subsidy before taking a decision on increasing the rates, Finance Minister P Chidambaram said on Thursday.

New Delhi | May 23, 2013 22:29 (IST)

IT training firm NIIT Ltd reported on Thursday a steep 91 per cent decline in standalone net profit at Rs 3.83 crore for the quarter ended March 31, 2013, hit by drop in enrolments due to a weak market sentiment.