New Delhi: The country’s integrated financial services provider Religare is believed to be in talks with premier football club Manchester United for a sponsorship deal estimated to be worth more than Rs 100 crore per year. Religare is in talks with Manchester United to become its In…

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HONG KONG: Asian shares and investment grade bonds look very cheap on paper, but may not yet attract foreign investors, suggesting there is more downside to markets before a solid recovery. The worst global crisis in a lifetime has shown up Asia’s vulnerability as a region built on …

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MUMBAI: India’s stock market regulator SEBI said on Monday it would amend its regulations after it was approached by Satyam Computer Service’s government-appointed board for some exemptions from open offer rules, but gave no timeframe. “We will amend our regulations thro…

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By Rajkumar Ray and V. Ramakrishnan NEW DELHI/MUMBAI (Reuters) – Indian manufacturing activity contracted at the start of 2009 and its exports shrank at the end of 2008, pointing to more pain for Asia’s third-largest economy as the sharp global slowdown bites. …

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MUMBAI: Indian equities ended with huge losses on Monday in line with its peers after concerns of deteriorating global economy took centrestage. Fall in shares of rate sensitive sectors coupled with profit booking after previous week’s gains pulled down indices further. Bombay Stock Exc…

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NEW DELHI: Market regulator SEBI has asked all the listed companies in the country to make disclosures on shares pledged by promoters within seven days and has amended the relevant regulations on this. Following its decision at a board meeting held on January 21, the regulator has outline…

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MUMBAI: Troubles keep mounting for Satyam Computer Services. Four of its large clients, Citigroup, Merrill Lynch, Novartis and GlaxoSmithKline are in talks to move their business from the Hyderabad-based company to other Indian IT firms. These clients contribute over $200 million to Satya…

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WASHINGTON (Reuters) – The economy shrank at its fastest pace in nearly 27 years in the fourth quarter, government data showed, sinking deeper into recession as consumers and business cut spending. The Commerce Department on Friday said gross domestic product, which measures total …

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The country’s largest lender State Bank of India is expected to cut its interest rates soon. The rate cut is expected before a meeting with acting finance minister Pranab Mukherjee on Monday, when the issue of interest rates is expected to be taken up. Earlier today Punjab National …

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MUMBAI: Analysts and economist in the US are of the view that the next bubble that will burst is the US treasuries. Over the past 15 months, the Arab oil countries have been the biggest foreign buyers of US Treasuries, worth $245 billion. The next biggest buyer is China at $233 billion. …

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