Decline in global air traffic continues, cargo hit hardest
While airlines have reduced their capacity in order to cope with the expected global economic downturn, the drop in air travel was steeper than the companies could keep u...
India-Britain: The year of Tata, Brown Bounce and cricket
The paths of India and Britain converged ever closer in 2008, the highs in their mutual ties embracing everything from the fight against recession and terrorism to playin...
Housing bank expects finance firms to reduce rates
India's apex housing finance institution, the National Housing Bank (NHB), expects housing finance companies to reduce lending rates, a top company official said here Tue...
Bush signs nuclear pact with IAEA
U.S. President George W. Bush Tuesday signed a nuclear inspection agreement with the International Atomic Energy Agency (IAEA) that will boost global monitoring of nuclea...
AMD cites $70 Million in fourth-quarter costs
AMD, one of the major chip manufacturers sets $70 million in restructuring costs during the fourth quarter. In a filing with the Securities and Exchange Commission, AMD a...
Suzlon raises stake in REpower to 73.7 percent
Suzlon Energy, India's largest wind turbine manufacturer, has acquired the first tranche of Martifer group's stake in REpower Systems AG of Germany for approximately euro...
Air New Zealand makes first biofuel-powered commercial flight
Air New Zealand Tuesday successfully conducted the first biofuel powered commercial aviation test flight.
Soni to flag off Royal Rajasthan on Wheels next month
Royal Rajasthan on Wheels, a regal train chugging across the land of maharajas in western India, will start its maiden journey Jan 11 when it will be flagged off by Touri...
I see Golden Gujarat ahead: Modi
Gujarat Chief Minister Narendra Modi Tuesday asked people of the state to resolve to build a 'Golden Gujarat'.
Crude oil prices drop amid falling U.S. energy demand
The prices of crude oil futures plunged Tuesday on account of the ongoing Middle East tension and falling energy demand in the U.S.