Business

Sensex Closes 117 Points Lower; IT, Metal, Banks Lead Losses

The BSE Sensex on Thursday ended down 0.7% (provisional), as higher inflation and concerns over the health of the global economy dampened investors' appetite for bargain buys. The main 30-share BSE index provisionally closed 16,168.10 points. Th

Indian depository receipts (IDR) Likely to Get a Makeover

Rules on Indian depository receipts (IDRs) may see a makeover with financial sector regulators planning to eliminate two critical roadblocks that have been discouraging foreign firms from listing in India and kept the market dull for such instruments

What Indian Business Travellers Want

Probe Into Google's India 'Misconduct' Sought

Inspired by ongoing investigations against Google in Europe and the US for anti-competitive practices, consumer rights organisation CUTS has called for a similar investigation into the functioning of the leading search engine in India.

Indian Outsourcers Exempted From New Privacy Rules

Personal data sent to India by customers outsourcing work to companies in the country will not be covered under new rules governing the collection of such information, the government said on Wednesday, providing relief to India's large outsourci

Lobsters and Prawns on Bankrupt Air India

"We were also informed by a leading caterer that lobster/prawns had been recently introduced on some of our flights. We fail to understand as to why we should be so liberal when AI is unable to pay the caterers."

Vanished Moody's analyst told to pay SEC $34.6 million

A former Moody's Investors Service analyst who bolted for India and cannot be found was ordered to pay $34.56 million in a U.S. Securities and Exchange Commission lawsuit over his alleged illegal insider trading. Deep Shah, who was a lodging ana

Terminix Enters India

Memphis-based Terminix has entered into a joint venture with Security and Intelligence Services (India) Ltd. to offer pest control services to both residential and commercial customers in India.

iPhone Apps India's Next Outsource Market

Between piles of trash and stray dogs near a Mumbai slum is the entrance to MoFirst Solutions Pvt., where two dozen workers sit shoulder-to-shoulder with no air conditioning and write code for iPhone apps on laptops.

$18.6 Billion Manufacturing Sector M&A Deals In Apr-June: PwC

The manufacturing sector witnessed mergers and acquisitions worth USD 18.6 billion globally in the April-June quarter of 2011, a 90 per cent jump vis-a-vis the year-ago period, according to global consultancy firm PwC.