Indian construction major Larsen and Toubro (L&T) is bullish about its future and anticipates a healthy growth rate of 25 to 35 percent in order inflows in the current financial year, the company said Thursday.In the fiscal ended March 31, 2009,  ..

Infosys Technologies, India's second largest IT bellwether, attributes the projected revenue growth decline for the first time since its inception to the global meltdown."Yes, this is the first time for the full year we have given a guidance ..

India's annual rate of inflation fell to 0.18 percent for the week ended April 4, from 0.26 percent the week before, official data showed Thursday.Inflation rate had declined for eight consecutive weeks to 0.27 percent for the week ended March 14 ..

Pakistan will seek $4 billion in aid at a donor conference to be held in Tokyo Friday.Shaukat Tarin, finance adviser to Pakistan's prime minister, has said that the $4 billion assistance will be spent on health, education and poverty alleviation  ..

Angry over import of Indian pipes for a Canada-US oil pipeline, the steel workers union is trying to galvanise a national outrage over steel imports and raising suggestions of protectionism.Hundreds of sections of imported steel pipe have been moving ..

The Canadian dollar reached its highest level against the greenback in four months Wednesday, touching 83.24 cents US as markets continued their rally.The energy-rich Canadian markets have gained about 20 percent since the second week of March as oil ..

Although Cipla India has come out in strong support of the bid by South African pharmaceutical company Adcock Ingram to take over Cipla Medpro South Africa, a number of shareholders are resisting the deal, citing that the offer price is too low.Cipla ..

US stock markets rose Wednesday on signs of economic recovery as the Federal Reserve said a number of regions are reporting an easing of the country's economic downturn.The Federal Reserve said five of its 12 regional banks reported a "moder ..

The US Federal Reserve Wednesday said a number of regions were reporting an easing of the country's economic downturn, adding to some of the small signs that the world's largest economy may be stabilizing.Five of the Federal Reserve's 12  ..

French-Dutch air carrier Air France-KLM said Wednesday it would cut between 2,500 and 3,000 jobs by 2011.A spokesman for the airline said there would be no direct layoffs, but positions lost to retirement would not be refilled.Last month, the company ..

This August, Delhi's second state university will start functioning by opening its doors for the first batch of post-graduate students.Established in July 2008, the Ambedkar University, Delhi (AUD) would be India's first university dedicated  ..

The Swiss banking giant UBS Wednesday said it will take a first quarter loss of almost 2 billion Swiss francs ($1.7 billion) and will cut 8,700 jobs worldwide by 2010.Most of the new losses were in further writedowns and cash outflows in its wealth m ..

With major companies in the Silicon Valley suffering the biggest slump since the dot-com bust, some firms are eyeing India and China to recover from the effects of a global economic meltdown.The total market capitalisation of the leading technology h ..

The central bank of Fiji, where the military government rules under emergency powers, devalued its currency by 20 percent Wednesday, warning citizens that the move would increase inflation.A statement from the Reserve Bank in the capital Suva said a  ..

Infosys Technologies Ltd has declared a final dividend of Rs.13.50 per share, which is 270 percent on par value of Rs.5 per share, for the just-concluded fiscal 2008-09.In a regulatory filing Wednesday, the IT bellwether said it had made a provision  ..

Indian diversified conglomerate Larsen and Toubro has signed a pact with a Russian nuclear energy major to design and develop reactors for the Indian market, including four at Kudankulam in Tamil Nadu.Atomstroyexport, with which the pact has been sig ..

Foreign direct investment (FDI) in China posted a 20.6 percent year-on-year decline in the first quarter to $21.78 billion, the ministry of commerce announced Wednesday.In March, FDI was $8.4 billion, down 9.5 percent from a year earlier, ministry sp ..

Infosys Technologies Ltd posted a consolidated net profit of Rs.59.88 billion (Rs.5,988 crore) for fiscal 2008-09, registering 28.5 percent year-on-year (YoY) growth as per the Indian accounting standard.In a regulatory filing Wednesday, the IT bellw ..

Infosys Technologies Ltd posted a consolidated net profit of Rs.16.13 billion (Rs.1,613 crore) for the fourth quarter (January-March) of fiscal 2008-09, registering 29 percent year-on-year (YoY) growth but lower by 1.7 percent sequentially as per the ..

ArcelorMittal SA, the world's largest steel maker led by India-born steel czar Lakshmi Niwas Mittal, plans to idle a plant in East Chicago and lay off about 400 workers due to global economic crisis that has dampened demand for the metal.The Luxe ..