KOLKATA: Trinamool Congress chief Mamata Banerjee on Sunday threatened to take legal action against Tata Group chairman Ratan Tata for making “defamatory comments” against her and the farmers’ agitation that led to the Nano car car project being shifted from Singur in We…

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LONDON/AMSTERDAM: Dutch financial group ING is in talks with the Dutch government about a state-backed cash injection estimated to be worth up to 9 billion euros ($12.12 billion), the Sunday Times reported. The Netherlands’ biggest listed bank, which said on Friday that it was about…

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Equities should edge up on Friday as investors hunt for bargains in battered stocks, but the market outlook is still hazy with lingering worries about a sharp global economic slowdown weighing on sentiment. …

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MUMBAI: It was a night of high drama for India’s aviation industry. Bowing to the considerable political backlash, an emotional Naresh Goyal, chairman of Jet Airways, announced the rescinding of the decision to sack 1,900 employees. …

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LONDON/TOKYO: The United States will pump $250 billion into its banks on Tuesday, following similar measures in Europe, but data showed the threat of recession has not been banished even if a financial sector meltdown has. …

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India’s crude oil import price has dropped to the year’s lowest but a cut in petrol and diesel price may happen only if crude falls to USD 61 per barrel as rupee depreciation has partly offset the gains. Oil firms were supposed to break-even on sale of petrol.. …

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MUMBAI: ADAG group firm Reliance Money has acquired a 15 per cent stake in Hong Kong Mercantile Exchange (HKMEx) for 7.5 million dollars, a move that will help it to leverage on the growth potential of commodity trading in the Asian region, including India. …

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But the Mid-Cap index underperformed the Sensex, rising 1.38% at 3,883.34. The BSE Sensex was up 128.62 points, or 1.40%, to 11460.85. The market surged tracking rally across Asian stocks which spurted after governments around the world readied plans to take stakes in banks to keep the gl…

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The US Treasury is ready to inject $250 billion into US banks, mirroring moves by other leading countries that have boosted confidence in financial markets and sent the Nikkei soaring 13 per cent on Tuesday. …

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The benchmark Sensex jumped by 542 points in early trade on Tuesday on massive buying by funds as well as retail investors, following a strong rally in global markets. The 30-share index, which had gained 781.24 points on Monday, shot up by another 542.06 points, or 4.79 per cent, at 11,8…

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