Business news

Reebok Files FIR Against Former Top Employees For Alleged Fraud

Reebok India on Tuesday filed an FIR against its former managing director Subhinder Singh Prem and COO Vishnu Bhagat for allegedly mishandling the company's money by indulging in fictitious sales, and setting up forged accounts over the past couple of years

May 23, 2012

Google-Motorola Deal: Sanjay Jha Sidelined, Dennis Woodside is New CEO of Motorola

After acquiring Motorola Mobility Holdings for $12.5 billion, search engine giant Google Inc has named Dennis Woodside, former president of Google's Americas region, as the new CEO of Motorola. Sanjay Jha, former CEO of Motorola, has stepped down, giving way for Dennis Woodside to take up the task of leading the cellphone company.

May 23, 2012

Rupee Plunges To New Low Of 55.87/$ Amid RBI Intervention

The rupee plunged to a new low of 55.87 in the early Wednesday trade, marking its sixth consecutive record low against the US dollar.

May 23, 2012

India To Challenge US Against Visa Fee Hike At WTO; Differences Widen Over Trade

India has charged the U.S. over the hike in visa policies, which the former claimed is aimed at Indian companies, and will soon file an official case with the World Trade Organisation (WTO).

May 22, 2012

BSE Sensex Up, Rupee Hits Record Low

The BSE Sensex posts its third consecutive daily gain on Monday after State Bank of India boosted the outlook of the stock market with its impressive earning last week. However, rupee hits a new record low at 55 per dollar, which could affect the stocks.

May 21, 2012

Rupee Tumbles Short of 'Psychological 55' at Record Low of 54.99 to Dollar

Indian currency took another beating on Monday, sinking to a record low of 54.99 against the US dollar in the late afternoon trade session. The rupee stood at 54.96/97 to the dollar at 4:26 p.m. (1056 GMT), and had earlier plunged to the key psychological level of 55 to the dollar, Reuters said.

May 21, 2012

Meet Priscilla Chan, Facebook CEO Mark Zuckerberg's Wife [PHOTOS]

Chan, a Chinese-American fellow student, graduated from Harvard in 2007 and had worked as a 4th and 5th Grade Science Teacher at the Harker School in San Jose for two years before joining the UCSF medical school.

May 20, 2012

Facebook CEO Mark Zuckerberg Marries Girlfriend Priscilla Chan [PHOTO]

Zuckerberg married his long-time girlfriend Priscilla Chan at a small ceremony in their backyard Saturday. The 28-year-old placed a ring on Chan's finger in a small ceremony which was attended by less than 100 guests in Palo Alto, California.

May 20, 2012

World's First $1 Billion Home: Nita Ambani Gives First Sneak Peek Of The Most Expensive House [PHOTOS]

The photos of the interior of the world's first $1 billion home "Antilia" have been revealed. Nita Ambani, wife of India's richest man Mukesh Ambani, for the time has discussed about her 27-story, 570-foot-tall, and 400,000-square-foot home in an exclusive interview published in the June issue of Vanity Fair magazine.

May 19, 2012

Facebook Valued At $104 As Public Trading Set To Begin; Shares Priced At $38

Facebook raised $16 billion in the largest initial public offering (IPO) by a technology company in history as it increased the price of its offering to $38 per share on Thursday. The social media giant's valuation shot up to about $104 billion before public trading begins Friday on the Nasdaq exchange under the ticker symbol FB.

May 18, 2012

Prices of the safe haven yellow precious gold metal jumped 0.2 per cent to $1,751.80 an ounce after finance ministers in the heavily fiscal-affected eurozone and the International Monetary Fund (IMF) agreed to reduced Greece's long-term debt.

India's Gold Demand Falls 29 Percent In Q1; Price Upturn Likely In Future

India's gold demand slumped 29 percent in the year's first quarter, falling far behind China which is now the world's leading bullion market, the World Gold Council said Thursday. As per the organization's report, the country's gold consumption in volume declined to 207.6 tonnes in the first quarter, as compared to that of 291.8 tonnes at the same period the previous year. India's gold jewellery market reported a drop at 19 percent to 152 tonnes, while investment demand dipped 46 percent down...

May 17, 2012