The European Central Bank has cut interest rates to a record low of 0.5 per cent. This in a bid to boost the Eurozone's flailing economies. In fact, ECB president has pledged even further reductions.
The European Central Bank slashed its benchmark interest rate by 25 basis points to an all-time low of 0.5 per cent. The rate cut was expected but boosted the Euro currency against the US dollar.
The falling international crude oil prices might result in the decrease of petrol prices by Rs 2.50. A barrel of crude oil was priced at $106 last month, while now it has fallen to $98. The Indian rupee appreciation against the dollar will also help in the red...
At the fifth BRICS summit, emerging economic powers China and Brazil agree upon a deal, under which they will trade up to $30 billion in each other's currencies in commercial dealings. Also agreed upon, in principle is the setting up of a new BRICS developmen...
'The Hobbit: An Unexpected Journey' crosses the billion dollar mark at the worldwide box office. The movie is a prequel to the 'Lord of the Rings' franchise and is based on the trilogy of the same name, written by JRR Tolkien.
While the United States Department of Defense has allocated US $3 million for the development of smartphones using face-recognition technology to be used by the military, law enforcement agencies and healthcare, the move has sparked off concerns for privacy. T...
A month after closing a billion dollar deal with Alcatel Lucent, Reliance Communications has signed another billion dollar contract with Ericsson. RCom has outsourced operations and management of its network in northern and western India to Ericsson for eight ...
The global economy is on the verge of a currency war. Japan, with its new Prime Minister has been pushing for a more aggressive Central Bank policy, has been dropping the Yen by 11 per cent since December. Meanwhile, in Europe, the Euro is rising despite the E...
Egypt's Muslim Brotherhood has now been accused of taking more than a billion dollars from the US to pursue its quest for power in the Middle East. A paper trail of under the table transactions has led a group of Egyptian lawyers to file charges against the go...
As the January 1, 2013, deadline for steep tax increases and spending cuts looms, US Congress scramble to reach an agreement that will prevent the American economy from dropping off the fiscal cliff. Republicans and Democrats, so far, have failed to come toget...
The 'spirit of Christmas' isn't just a good feeling. It is also a multi-billion dollar industry. Nearly 634,000 people in the United States went homeless last year. Shockingly, just a sliver of the money that America spends on tinsel, lights and other Christma...
An orbit-bound crew has blasted off from the Baikonur cosmodrome in Kazakhstan. Aboard the spacecraft are flight engineers Canadian Chris Hadfield is joined by US astronaut Tom Mashburn and Russian cosmonaut Roman Romanenko. It will take them two days to join ...
The government has offered a time-bound probe under a retired judge on the issue of Walmart lobbying allegations. The government's assurance comes after the opposition demanded that the Joint Parliamentary Committee look into the matter. The decision to permit...
The BJP is now demanding a time-bound judicial probe into the Walmart controversy. Caving in under the immense pressure of the opposition in Parliament, the government agreed to a probe and debate on the issue. The opposition, which lost the vote on FDI in mul...
After chaos in the Parliament, the Government finally agrees to a debate and probe into the Walmart allegations. The opposition has claimed that the UPA bought votes to push the FDI Bill. The US-based retail giant clarified its expenditure of 25 million dollar...
Union Minister for Law, Kamal Nath, claims that the government is open to a probe on the matter of the Walmart report. He assures that the government is taking all the necessary steps to ensure the absence of lobbying in India. The BJP and the Left have demand...
Left leader Sitaram Yechury voices the concerns shared by the BJP-led opposition and calls for a structured debate on the issues of lobbying, which were raked up by a report submitted by Walmart before the US Senate. Despite the US State Department spokesperso...
Opposition leader Yashwant Sinha leads the uproar in Parliament over the Walmart row, demanding an immediate response from the government on the issue. The US-based retail giant issued a statement and spoke before the US senate clarifying its report stating an...
Speaker of the Rajya Sabha, and honourable Vice President of India, Hamid Ansari is forced to adjourn proceedings in the Rajya Sabha after the Left parties and the BJP-led opposition demand the suspension of the Question Hour. The BJP-led opposition has empha...
Responding to a question on the BJP-led opposition's prime accusations, US State Department spokesperson, Victoria Nuland, clarifies that there has been no violation of any law by Walmart in the United States. She then goes on to downplay the Walmart report an...
The Congress-led UPA government hits back at the BJP for threatening to stall Parliament proceedings over the Walmart report. The Congress challenges the BJP to prove its allegations before causing a furore in Parliament. The United States has downplayed the i...
The BJP seeks ans independent probe into the Walmart disclosure report that spoke of lobbying in India's political circles. Although the US has downplayed the Walmart report, the BJP-led opposition is still pushing for a time-bound judicial probe on the matter...
The BJP-led opposition has emphasized that it will step up the pressure on the UPA for a clarification on the issue of Walmart. The US-based retail giant issued a statement and spoke before the US senate clarifying its report stating an expenditure of 25 milli...
Bullets rained down on KBR Halliburton's former truck drivers Bill Peterson and Ed Sanchez, and they heard screams for help as their convoy was attacked. 'Iraq for sale: The War Profiteers' is a documentary film about the major contractors who struck a deal wi...
Oman has set its eyes on US-manufactured hand-held missile launchers worth nearly a hundred million dollars to power up its army. Political analysts believe that the Gulf monarchy is shopping for political perks from its supplier.
While Europeans are bearing the brunt of biting austerity measures, the European Union's main financial institutions seem to be splashing their money. the European Central Bank is spending over a billion dollars building an ambitious double-tower skyscraper fo...
India has sent a tough message to UK on the controversial aid row, stating that the government doesn't need aid but is open to trade relations. UK's International Development Secretary Justin Greening is in India to discuss slashing the 280 million dollar aid ...
It's been almost four days since a ten-month-old baby girl, Saanvi, was abducted in Philadelphia. There's still no clue about the baby's whereabouts or her kidnappers. The FBI have now announced a cash reward of 50,000 dollars for any information leading to th...
The Material Girl is unlikely to 'materialise' in Russia, but that hasn't stopped a court in St. Petersburg from agreeing to hear a lawsuit against her for more than ten million dollars in damages. Anti-gay groups allege that they have suffered moral damages f...
Iraqi Prime Minister Nouri al-Maliki is on a visit to Moscow as the country seals an arms deal with Russia that runs into billions of dollars. There has been no official statement as to what exactly Baghdad is buying, but reports claim that the arms agreement ...
The Internal Monetary Fund's projections show that the global economy's growth is slowing down. In Greece, the austerity measures are taking a huge toll and strong protests are underway as German Chancellor Angela Merkel visits Athens. Suicide is at its highes...
Finally there is some sort of a relief for the 'aam admi'. As the Indian currency appreciates against the dollar, petrol price is slashed down by 56 paise per litre from effect by October 9 midnight. Another reason for this reduction is the fall of prices of ...
As the Indian currency appreciates against the dollar, petrol price is slashed down by 56 paise per litre from effect by October 9 midnight. Another reason for this reduction is the falling of prices of the international crude oil.
A California-based firm has successfully launched its first 'returnable' supply flight to the International Space Station. With over a 1.6 billion dollar contract signed, the company also hopes to modify its vessel into a spaceship capable of carrying astronau...
Football's world governing body, FIFA, confirms that it will announce the host cities of the 2018 World Cup on September 29. FIFA president Sepp Blatter and Russian Sports Minister Vitaly Mutko are expected to announce the final 11 host cities among 13 candida...
He has served at the Tirumala hills for over 45 years now. He has been a powerful presence in the sanctum sanctorum of the Lord Venkateswara. Now this man, at the centre of several allegations, who was once the most sought after man for VIPs arriving for darsh...
Lalit Modi makes a rare appearance from London to debate with Arun Lal on the current state of the BCCI's million-dollar baby, the IPL, which looks to be in dire straits. One of the biggest brands in the IPL, former IPL winning team, the Deccan Chargers is now...
The owners of the Hyderabad-based IPL franchise Deccan Chargers have invited bids from prospective buyers, who could be looking to purchase the cash-strapped franchise. The new buyers will have to pay the players salaries for IPL5 and will also have to bear th...
Legendary Italian footballer Alessandro Del Piero has found a new home Down Under. The Juventus stalwart has signed a two-year contract with the Sydney Football Club at around 1.5 million dollars per season. the 37-year-old's move is the highest profile signin...
For an airline that is broke, Air India shows no signs of austerity or belt-tightening. The airline, which has not made a profit in years, continues to rob taxpayers of crores of rupees. The Comptroller and Auditor General's latest report on Air India points t...
Russian champions Zenit St. Petersburg, who are hoping to impress the world at the upcoming UEFA Champions League tournament, have spent a record 64 million pounds on their two new signings. Equivalent to 80 million euros, the club has purchased the elite serv...
Fourth straight day of gains coming in for the Indian rupee, as the rupee markets open half a percent on the higher side today. Some of the volumes have been lower because of the bank employees strike, but most of the fundamentals have been supportive. The Eur...
Market Hour highlights developments in the financial markets. The show brings in Ashwani Gujral, Motilal Oswal AMC's Manish Sonthalia and KR Securities' Deven Choksey for their opinions on the market. Watch the latest news that will impact the market: Infosys ...
Great news for India from the ongoing Australian Open squash championships in Canberra, Australia. India's Dipika Pallikal upset sixth seed Camille Serme of France to storm into the quarterfinals of the 50,000 dollar squash championships. Dipika was in sublim...
Here's how the currency market has kick-started today. The currency market opened at a two-week low at 56. Some improvement coming in after the low closing into the Indian rupee. The rupee has slumped in the last two weeks, while the inflation continues to be ...
It was once said- even the God did not move if Dollar Sheshadri wasn't around. Will Dollar Seshadri now return to his previous position at Tirumala. Will this man, infamous for the missing dollars from Tirumala temple's treasury, be given back his post of OSD,...
The Indian rupee has shown a slide against the dollar, with one US dollar now worth about Rs 57.30. What effect will this have your budget and the national economy?
The Indian rupee continued to plunge Friday, hitting a fresh record low against the dollar over growing concerns about the global economic outlook and bearish sentiment on India's economy.
The constant downfall in the value of rupee against the dollar has arrived at yet another landmark figure of Rs 56.99. At its lowest against the dollar ever, the value of rupee has been attributed to the eurozone crisis that has been causing an economic slowdo...
After the Opposition it is the corporate bigwigs who have begun attacking the UPA. Following Standard & Poor's warning, Azim Premji and Narayana Murthy express sadness at the economic condition of the country and the lack of UPA's action for improvement. Congr...
Newshour | As the Rupee hits all-time low, the question being resonated is can the Government come up with a feasible solution to redeem the Indian economy?
Pakistan is on a denial mode despite the many reports which suggest that the Lashkar-e-Toiba founder Hafiz Mohammad Saeed is present and active in the country.
The United States puts Lashkar-e-Taiba's founder Hafiz Muhammed Saeed on the most wanted terrorist list and announces a reward of $10 million for his arrest.
ONGC requests government not to levy higher cess, Government expenditure has been understated in Union Budget, says Morgan Stanley, and more business news.