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Bangalore | May 21, 2013 14:31 (IST)

Natarajan said the board seems to have done a fairly thorough due diligence before taking the action. "It is a very isolated incident and has no bearing in terms of what implications it has on Indian IT industry," he said.

Written By: Ramarko Sengupta | New Delhi | May 21, 2013 14:28 (IST)

Coal is literally hot commodity, with most of the country's power and electricity dependent on what is also called 'black gold'. Around 66 per cent of India's power generation is coal based, according to the world's largest miner, Coal India. There is however jargon surrounding the commodity and the industry at large.

Hong Kong | May 21, 2013 14:04 (IST)

The annual survey by industry tracker AsiaHedge, released this week, found that Goldman Sachs remains Asia's top prime broker with 179 clients and total assets under management of $24.6 billion.

London | May 21, 2013 13:26 (IST)

The world's second largest mobile operator, at the centre of intense speculation as to whether it will sell its US arm in one of the world's largest deals, posted a 4.2 per cent fall in organic service revenue, broadly in line with forecasts.

May 21, 2013 13:20 (IST)

Phaneesh Murthy, the sacked chief executive of iGate Corp, says he will rigourously defend the charges of sexual harassment brought against him by a subordinate that led to his termination from the company. Mr Murthy is one of India's best-known IT executives.

May 21, 2013 12:56 (IST)

Technology outsourcing company iGate Corp said it had sacked its Chief Executive Phaneesh Murthy for not disclosing a relationship with a subordinate after investigating one of India's best-known IT executives for sexual harassment.

May 21, 2013 12:31 (IST)

The deal announced Monday is Mayer's boldest move since she left Google 10 months ago to lead Yahoo's latest comeback attempt. It marks Yahoo's most expensive acquisition since it bought online search engine Overture a decade ago for $1.3 billion.

Mumbai | May 21, 2013 12:23 (IST)

The rupee opened higher at 54.97 per dollar as against the previous closing level of 55.11 at the Interbank Foreign Exchange (Forex) market.

May 21, 2013 12:06 (IST)

Tata Motors' Jaguar Land Rover basket top end of Range Rover falls in this bracket.

May 21, 2013 11:46 (IST)

Shares in Coal India surged as much as 2.6 per cent on Tuesday after the state-run miner recommended higher than expected dividend for the 2012-13 fiscal year. Coal India recommended final dividend of Rs 4.30 per share against Rs 0.50 per share dividend announced in 2011-12.

San Francisco | May 21, 2013 11:44 (IST)

Yahoo has been criticized for making big acquisitions that have not always reaped lasting returns.

May 21, 2013 10:45 (IST)

The BSE Sensex traded flat amid choppy trade on Tuesday tracking weakness in Asian equities. Global markets are in a pause mode, waiting for the U.S. Fed to take a final call on ending its bond-buying stimulus scheme.

Washington | May 21, 2013 10:40 (IST)

Eesha Khare from Saratoga in California was awarded the Young Scientist Award by the Intel Foundation after developing the tiny device that fits inside mobile phone batteries that could allow them to charge within 20-30 seconds.

May 21, 2013 10:39 (IST)

The board of iGate Corp, an information technology outsourcing services provider, has sacked Chief Executive Officer Phaneesh Murthy following an investigation into a claim of sexual harassment, the company said in a statement.

May 21, 2013 09:46 (IST)

The rupee opened higher on Tuesday. The rupee-dollar pair traded at 54.97/98 versus its last close at 55.10/11.

May 21, 2013 09:35 (IST)

Gold drifted lower for an eighth session out of nine on Tuesday on outflows from exchange-traded funds and as the dollar firmed, putting more pressure on bullion which has already lost nearly a fifth of its value this year.

May 21, 2013 09:10 (IST)

Phaneesh Murthy has had his share of both fame and controversy in a long and often glittering career as a global IT executive. However, his sacking as the chief executive officer of California-based iGate Corp may bring to an end his ambition of taking on India's IT biggies such as Tata Consultancy Services and Infosys.

May 21, 2013 08:02 (IST)

Determining the adequate risk coverage and suitable insurance products is an important aspect of financial planning. The various complexities attached with existing life insurance policies in the market make choosing the right one difficult. Listed below are the most common pitfalls one needs to avoid while buying a life insurance policy.

New York | May 21, 2013 00:21 (IST)

Wall Street slipped by afternoon trade on Monday as indexes struggled to break above their record levels with investors hesitant to rush into the market.

Chennai | May 20, 2013 23:40 (IST)

Non-banking finance company Shriram City Union, part of the diversified Shriram Group, has reported a 33.1 per cent increase in its consolidated net profit at Rs 125.61 crore for the fourth quarter that ended on March 31, 2013.