IMF granted new powers to raise income through investments
Members of the International Monetary Fund have approved a broad expansion of investment practices as part of an overhaul of how the crisis lender acquires income.
India, China will be global players in tourism
India and China will be the new global players competing for a huge chunk of tourists, transforming the geopolitical landscape. The U.S., though a key factor, will have l...
ADB pledges billions of dollars to tackle food crisis
The Asian Development Bank said Wednesday that it was allocating $500 million to tackle skyrocketing food costs in the region.
Microsoft mulls purchase of Facebook: report
Microsoft's bankers have approached Facebook about a purchase of the social networking site as an alternative for its failed takeover bid for Yahoo, an American business ...
India successfully test-fires Agni-III
India Wednesday successfully tested its longest-range nuclear capable missile Agni-III, catapulting the country into the select group of nations that have intermediate-ra...
Ellis Island awards for six Indian Americans, one Indian
Six Indian Americans, including three doctors and three entrepreneurs, have been chosen for the Ellis Island Medal of Honour for 2008.
Brook Venture Partners leads $3.3 Mn investment in Certica Solutions
Certica Solutions, a Wakefield, Massachusetts-based provider of information management software solutions to the K-12 education market, today announced that it has closed...
MindTree picks up 14 percent in Aztecsoft
IT research and development firm MindTree has picked up over 14 percent in Aztecsoft through market purchase transaction route for Rs52.75 crore.
Work begins on $875 Mn Andhra industrial park
The work on a Rs.35 billion ($875 million) industrial park, including a luxury bus building unit of the Britain-based Caparo group of Lord Swraj Paul, began Thursday in A...
Airtel crosses five Mn subscriber mark in northern states
Telecom major Airtel Thursday said it had crossed the five million subscriber base mark in three northern states of Punjab, Haryana and Himachal Pradesh.