June 18, 2013 23:57 (IST)
The number of millionaires in the world jumped 9.2 per cent to 12 million last year, in part because of simultaneous strength in the stock, bond and real estate markets, according to a study of the high-net-worth population.
June 18, 2013 23:38 (IST)
Billionaire investor Carl Icahn told Dell Inc shareholders that an investment bank would help fund his offer for the PC maker as he sought to assuage concerns over his means to fund the bid.
Washington | June 18, 2013 23:14 (IST)
A coalition of US business groups on Tuesday demanded President Barack Obama's administration increase pressure on India to change trade policies that they said threaten US exports, jobs and innovation.
Islamabad | June 18, 2013 22:53 (IST)
With efficacy of recent steps by New Delhi to curb gold import yet to be tested, the Reserve Bank of India (RBI) said on Tuesday that the country would have to increase exports to deal with its high current account deficit.
New York | June 18, 2013 22:34 (IST)
US equities pushed higher on Tuesday as investors grew more confident that the Federal Reserve would temper its recent statements on the future reduction of US monetary support, while still pointing to economic improvement.
Mumbai | June 18, 2013 22:15 (IST)
Foreign fund house Deutsche Securities Mauritius on Tuesday picked up nearly 6 lakh shares of Mahindra Forgings for Rs 4.11 crore through open market transactions.
New Delhi | June 18, 2013 22:10 (IST)
Infrastructure financing company IDFC said on Tuesday that its board has approved a proposal to seek licence from the Reserve Bank of India (RBI) for setting up a bank.
New York | June 18, 2013 21:54 (IST)
Wall Street rose on Tuesday, led by growth-oriented sectors, as Federal Reserve policymakers gathered for a two-day meeting to discuss the future of the Fed's bond-buying to stimulate the economy.
Mumbai | June 18, 2013 20:53 (IST)
Reliance Industries Ltd on Tuesday toppled state-run oil major ONGC to become the country's second most valued firm after TCS.
Mumbai | June 18, 2013 20:45 (IST)
Top private lender ICICI Bank on Tuesday raised yuan 650 million in an offshore Chinese debt market offering, merchant bankers associated with the bond sale said.
Paris | June 18, 2013 20:26 (IST)
Boeing launched a larger version of its flagship Dreamliner aircraft at the Paris Airshow on Tuesday, sharpening the battle with rival Airbus in the booming market for fuel-efficient, long-distance jets.
London | June 18, 2013 19:34 (IST)
Vodafone faces a battle for Germany's largest cable company, Kabel Deutschland, although rival bidder Liberty Global of the United States has bigger regulatory and funding hurdles to overcome.
New Delhi | June 18, 2013 19:34 (IST)
Anglo-Dutch consumer goods giant Unilever Plc is looking to hike stake in its Indian arm HUL to 75 per cent through the open offer. Currently, it has a stake of 52.48 per cent.
New Delhi | June 18, 2013 19:10 (IST)
A government panel on Tuesday proposed raising foreign investment limits in sectors like defence, multi-brand retail and telecommunications, to spur investment in the country and tide over the current account deficit woes.
New Delhi | June 18, 2013 18:30 (IST)
Outsourcing firm iGate has been slapped with class action lawsuit in the US for alleged violations of federal securities laws in view of its sacked CEO Phaneesh Murthy's "improper relationship" with a subordinate employee.
Mumbai | June 18, 2013 17:59 (IST)
The rupee fell 1.5 per cent to a record closing low on Tuesday as traders worried that the country's current account deficit made the currency especially vulnerable to any scaling back of the US Federal Reserve's monetary stimulus.
June 18, 2013 17:56 (IST)
In current times of high medical inflation rates, failing to hold adequate amount of health insurance cover can prove to be a major personal finance disaster.
New Delhi | June 18, 2013 17:44 (IST)
China-based Huawei Telecommunications is targeting sales of 10 lakh smartphones, in the next six months in India.
June 18, 2013 16:48 (IST)
The BSE Sensex fell on Tuesday as blue chips such as HDFC Bank declined on anxiety over potential foreign outflows should the U.S. Federal Reserve signal winding down of its bond-buying programme later this week.
June 18, 2013 16:21 (IST)
The rupee approached a record low while other Asian currencies also fell, reflecting the high stakes for regional policymakers should the Federal Reserve end a period of easy money that had boosted markets from Jakarta to Mumbai.