The global financial crisis inflicted more pain on a wide range of corporate sectors, prompting heavy losses in stock markets, while the IMF readied a rescue of some 200 billion dollars for debt-laden countries. …

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In what could be seen as a major confidence building measure, India has said it will support Pakistan government’s efforts to tide over a serious financial crunch by backing Islamabad’s plan to seek help from the IMF. …

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MUMBAI: The mayhem in stock markets is not spelling doom for all and Diwali could still be a festival of light for investors in as many as 65 companies, which have added more than Rs 10,000 crore to their collective market value since the downslide began early this year. …

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BRUSSELS: The trouble with telling nervous customers you have solved their problem is that you first have to admit there is one. That is the dilemma facing the world’s banks, governments and financial institutions as they desperately try to restore faith in an economic system which …

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MUMBAI: Shares fell 10.96 per cent on Friday, their biggest fall in 4-½ years, on disappointment the central bank did not ease policy further and as a global market rout triggered a flight from risky assets. Reliance Industries, India’s most valuable firm, …

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MUMBAI: India will auction bonds worth 100 billion rupees ($2 billion) on Oct. 31, the finance ministry said in a statement after market hours on Friday. The central bank will auction 60 billion rupees of a new six-year bond and 40 billion rupees of the 7.95.. …

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LONDON: Britain’s economy shrank for the first time in 16 years between July and September, official figures showed Friday. The country’s economic output declined by 0.5 percent last quarter, according to Britain’s Office for National Statistics. …

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MUMBAI: Rupee opened trade on Friday at a record low of 50.15 per dollar, weighed down by heavy losses in Asian stocks which raised worries of more outflows from the local share market. At 9 am, the partially convertible rupee was at 50.00/15 per dollar, compared with 49.81/82 at close on…

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India’s biggest energy group, Reliance Industries Ltd, beat market forecasts with a 7.4 per cent rise in quarterly profit on Thursday, helped by stronger than expected refining margins. The leading petrochemicals maker, which runs a 660,000 …

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MUMBAI: The Tata group’s shareholding is set to cross the half-way mark in Tata Motors. This is due to the huge under-subscription to the Tata Motors’ rights issue, which has resulted in the Tatas picking up the unsubscribed portion in addition to their entitlement. Consequently, the…

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