Eight people were killed and up to 40 injured in a bomb explosion in a popular bakery near a Jewish prayer house here in the first major strike after the 26/11 carnage in Mumbai. The blast took place in the German Bakery, an old business establishment in the Cantonment area of the city, …

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JSW Energy has raised Rs 2700 crore ($579 million) in its initial public offer after it priced the sale at the lower end of the 100-115 rupees per share band following a tepid investor response. The company will issue shares to retail individual bidders at a Rs 5 discount to the issue p…

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The National Stock Exchange & Bombay Stock Exchange (NSE & BSE) have extended trading timings in equity and equity derivatives segments by 55 minutes. The move would be effective from this Friday (December 18, 2009). Trading in these segments will commence from 9.00 am onwards, …

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Dollar down again as G20 backs ongoing stimulus, IMF says dollar remains ‘on the strong side’. The euro pushed back up above $1.50 Monday after finance ministers from the Group of 20 rich and developing countries steered clear from addressing the weakness of the U.S. currency …

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Better than expected GDP numbers trigger a rally on Wall Street.. Major stock indexes rose almost 2 percent in afternoon trading, including the Dow Jones industrials, which rose about 200 points, compared to the 210 point drop in the entire week …

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Idea cellular becomes the first operator after telecom regulator TRAI suggested earlier this week that per second pulse should be made a mandatory option along with other tariff plans To avail of the tariff plan, existing prepaid subscribers will have to buy a voucher at Rs 26, and new s…

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ET: WASHINGTON: As the world economy comes out of a deep global recession, global activity is forecast to expand by about 3 percent in 2010 after contracting by about 1 percent in 2009, according to the International Monetary Fund (IMF) projections. Though well below the rates achieved b…

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ET: WASHINGTON: Amid hopes of economic revival and worries of rising unemployment, the US economy has been in recession for 23 months, one of the longest periods since the 1930s Great Depression. Battered by the ravaging financial meltdown, the US has witnessed steep economic contraction…

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NEW DELHI (AP) — India is facing its worst drought in nearly 40 years because of a once-in-a-generation shortfall in summer rains, a meteorologist said Wednesday, a shortage that threatens to stall the country’s recovery from the global economic downturn. Rainfall during the …

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Mumbai: Jayesh Jhaveri has had enough of Indian IPOs for now. Most Read RIL threatens to stop gas supply to Reliance Infra Wipro-BPO to recruit 15,000 this year Are MIPs of MFs a safe bet? GE extends multi-million dollar deal with Satyam In pics: Ford unveils small car ‘Figo&…

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