Reuters
Moody's downgrade gives edge to safe-haven banks
Major ratings downgrades by Moody's will further divide the world's biggest banks based on their strength and access to cheap customer deposits.
The ratings released on Thursday by Moody's Investors
Suzlon Group to sell China unit for $60 million
Suzlon Group, which controls wind-turbine maker Suzlon Energy, said on Saturday it will sell stake in its China manufacturing unit to China Power New Energy Development Co. Ltd. for Rs 3.4 billion.
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Tahrir Square protests as Egypt awaits result
Thousands of protesters filled Cairo's Tahrir Square overnight as Egypt's rival presidential candidates, an Islamist and former general, accused each of trying to steal an election whose result is sti
Companies assess bank relations after Moody's move
In the weeks leading up to Moody's downgrade of major global banks, corporate treasurers quietly accelerated their own reviews of where to put their bank deposits, who they trade swaps with and who th
CCI slams 11 cement firms with over Rs 60 billion fine
Eleven cement makers were slapped with $1.1 billion in fines on Thursday for price fixing, a record penalty from an increasingly assertive anti-trust regulator, the Competition Commission of India (CC
RIL, partners aim to spend $4 billion on D6 block: Report
Energy major Reliance Industries and its partners BP and Niko Resources plan to spend $4 billion to develop satellite gas fields off India's east coast, the Economic Times reported on Friday, citing c
Rupee hits 57 versus dollar; no sight of RBI yet
The rupee weakened beyond the psychologically important 57 per dollar mark on Friday, hitting a record low for a second consecutive session, with traders seeing no signs of any RBI intervention yet.
Pranab to step down as finance minister on June 26
Finance minister Pranab Mukherjee will step down on June 26, rather than the previously expected June 24, as he prepares to stand in July's presidential election, a senior member of the ruling Congress Party told Reuters said late on Thursday.
RBI, oil firms discuss potential dollar purchase measures: Sources
The Reserve Bank of India has discussed with state-run oil firms steering 50 per cent of their dollar purchases via a single state-owned bank, though no decision has been made, two oil executives said
Saina Nehwal blasts out double warning for Olympics
Saina Nehwal has struck stunning form at just the right time ahead of the 2012 London Games where she hopes to deliver India a first Olympic badminton medal.
The world number five followed up victory
