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Washington | May 22, 2013 11:37 (IST)

"The broader issue is one that is of concern to the President and one that he's focused on, because in terms of the policy matters that it raises, the report by Senators (Carl) Levin and (John) McCain raises a set of broader issues around companies that ship their profits and their jobs offshore," White House Press Secretary Jay Carney told reporters yesterday.

May 22, 2013 11:29 (IST)

Morgan Stanley says United Spirits could also focus on the "prestige" liquor segment, improving margins.

Written By: Ramarko Sengupta | New Delhi | May 22, 2013 11:11 (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.

May 22, 2013 11:01 (IST)

The BSE Sensex gained 0.39 per cent, while the broader Nifty was up 0.4 per cent on Wednesday. Indian markets tracked gains in Asian stocks, which rose following a positive lead from Wall Street.

Reported By: Varun Sinha | May 22, 2013 10:47 (IST)

Nasdaq-listed iGate shares fell as much as 13 per cent on Tuesday after the California-based IT outsourcer sacked its chief executive Phaneesh Murthy.

May 22, 2013 09:57 (IST)

The rupee hit a fresh near 6-month low in opening trades, falling to 55.48 after opening at 55.335. It traded at 55.43/44 versus Tuesday's close of 55.41/42.

May 22, 2013 09:30 (IST)

Shares in Tech Mahindra rose as much as 6.8 per cent on Wednesday after its January-March quarter net profit rose 24 per cent, beating estimates.

May 22, 2013 09:13 (IST)

The BSE Sensex opened in the green on Wednesday after closing at its lowest level in a week on Tuesday. The Sensex has gained nearly 11 per cent since mid-May, raising prospects of a near-term correction. Market analyst Sarvendra Srivastava says the bullish setups are intact and markets may be range bound in a band of 6,100-6,200. The rupee, which has hit its lowest in 2013, continues to be an overhang on markets though.

Washington, United States | May 22, 2013 08:08 (IST)

A U.S. Senate panel on Tuesday approved legislation to give millions of illegal immigrants a path to citizenship, setting up a spirited debate next month in the full Senate over the biggest changes in immigration policy in a generation.

New York | May 22, 2013 01:43 (IST)

Wall Street rose on Tuesday, with the Dow and the S&P 500 closing at new all-time highs as comments from Federal Reserve officials eased some concerns that the central bank could start reducing its stimulus program.

London | May 22, 2013 01:35 (IST)

European Union regulators confirmed on Tuesday that they will cap bonuses of bankers earning more than 500,000 euros a year and added other conditions to make the pay ceiling harder to smash.

May 22, 2013 01:21 (IST)

Intel Corp's new chief executive, Brian Krzanich, has launched a sweeping company reorganisation and created a unit aimed at growing its market share in future mobile technologies.

Tampa, Florida | May 21, 2013 23:57 (IST)

Jamie Dimon, JPMorgan Chase & Co's outspoken chairman and chief executive, won a vote of confidence on Tuesday as shareholders recommended that he keep his chairman title, giving him a greater margin of approval than last year.

New Delhi | May 21, 2013 23:26 (IST)

Srei Infrastructure Finance Ltd said on Tuesday that its board has approved to raise Rs 1,500 crore by public issue of debentures in one or more tranches during the current fiscal year.

Cork/Dublin | May 21, 2013 23:15 (IST)

Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate deal with the company after the US Senate said it paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries.

New Delhi | May 21, 2013 23:01 (IST)

Helped by deferred tax benefits of Rs 159.33 crore, JSW Ispat Steel, an associate firm of JSW Steel, reported on Tuesday a standalone net profit of Rs 94.16 crore for the fourth quarter ended March, 2013.

New Delhi | May 21, 2013 23:01 (IST)

IT firm Oracle Financial Services Software on Tuesday announced the floor price for sale of over 44 lakh shares worth about Rs 1,009 crore to meet minimum shareholding norms as mandated by market regulator Securities and Exchange Board of India (Sebi).

Mumbai | May 21, 2013 22:50 (IST)

The rupee dropped to its lowest in nearly six months on Tuesday, dragged by late falls in local shares and import-related demand from a large private company.

New York | May 21, 2013 22:37 (IST)

India-born former Goldman Sachs director Rajat Gupta will seek overturning of his insider-trading conviction in a US court on Tuesday by arguing that the case rested exclusively on circumstantial evidence that relied on wiretap statements that did not involve him.

New York | May 21, 2013 21:18 (IST)

Wall Street was little changed in early trading on Tuesday with Home Depot at a record high and buoying the blue-chips while investors eyed congressional testimony from Fed chairman Ben Bernanke on Wednesday.