Led by emerging market economies, especially in Asia, the global economy is recovering significantly faster than previously expected, but growth is still dependent in most advanced economies on government stimulus measures, the IMF has said. Growth r ..

US stocks Friday ended the week by posting the largest one-day drop of 2010, fuelled by lower-then-expected quarterly revenue from banking giant JP Morgan Chase. JP Morgan, the first major financial firm to release fourth-quarter earnings, reported t ..

A benchmark index of Indian equities was trading on a tepid note about an hour before closing bell Friday, even as broader indices held on to their gains. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,60 ..

The country's second largest private lender HDFC Bank Friday reported a 31.6 percent rise in net profits for the quarter ended Dec 31 to Rs.818.5 crore from Rs.621.7 crore it made in the like month last year. The company's total income, howev ..

The creditor banks of indebted Japan Airlines Corp (JAL) have abandoned their opposition to state-led bankruptcy proceedings.Mizuho Corporate Bank, Bank of Tokyo-Mitsubishi UFJ and Sumitomo Mitsui Banking as well as the Development Bank of Japan had  ..

Eight swine flu deaths were reported in India Thursday, taking the toll to 1,108, Indian health authorities said here. Also, 62 new cases were reported in the country, taking the total number of people affected with the contagious virus to 28,047. Wh ..

A fresh outbreak of bird flu was reported in West Bengal's Murshidabad district Thursday, prompting the authorities to immediately start a culling drive in the area."Five teams will start the culling operations. At least 20 more teams will b ..

The Karnataka capital went into excitement mode Friday as hundreds watched the moon eclipsing the sun, with clouds clearing the sky in time for maximum coverage at 1.23 p.m.About 1,000 people, especially students who have converged at the Jawaharlal  ..

The Indian space agency is launching five rockets Friday to study the effects of the millennium's longest annular solar eclipse in the southern part of the country, an official said."Five rockets are being launched Friday between 1 and 3 p.m ..

The swine flu vaccine could become available for use in india this year with an American firm collaborating with an Indian biopharmaceutical company to facilitate the manufacture, clinical development and commercialisation of the vaccine in India.Vax ..

Twelve swine flu deaths, of them eleven in Gujarat alone, were reported Tuesday, taking the total toll in India to 1,082, health authorities said here. Also, 83 new cases were recorded in the country, taking the number of people affected with the con ..

The government plans to introduce a bill to amend the Companies Act in the budget session of parliament to enable convergence of Indian accounting standards with the International Financial Reporting Standards (IFRS)."The ministry will carry out ..

The state government’s plan to add 8,000-odd seats in engineering colleges this year went kaput as All India Council for Technical Education (AICTE) revoked its decision to permit colleges to start second shifts. In a major set back to more tha ..

State Bank of India (SBI) Chairman O. P. Bhatt on Monday hinted at an increase in interest rates and further said that loan defaults would continue to rise, particularly in the small and medium enterprise (SME) sector, in the next six months.“I ..

Selling pressure on frontline stocks Tuesday pulled down a benchmark index for Indian equities 120 points lower than its previous close. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 17,534.1 points and ended trad ..

In a bid to check the soaring inflation by sucking out liquidity, the bankers expect the Reserve Bank of India (RBI) to raise cash reserve ratio (CRR) by 50 basis points in its forthcoming review of annual monetary and credit policy on January 29 How ..

Canara HSBC Oriental Bank of Commerce Life Insurance Ltd, a Joint Venture between Canara bank, Oriental Bank of Commerce and HSBC Insurance (Asia Pacific) Holdings Ltd, announced the launch of three unit-linked products. Two of them are under the new ..

State Bank of India will hire 20,000 clerical staff in 2010/11 and another 5,000-5,500 probationary officers in 2010, a top official said."We will need these people to drive our growth. We are looking at an average growth of 25 per cent both on  ..

National Knowledge Commission chairperson Sam Pitroda will deliver a lecture at Orissa's prestigious Ravenshaw University Jan 16, the university said Monday. He will deliver the third lecture of a series in an open air stage inside the university ..

The civil services (preliminary) examination, which opens the gates for aspirants to become top bureaucrats, diplomats and police officers in India, will be held May 23, it was announced Friday.The Union Public Service Commission (UPSC) will hold the ..