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Gold slips after Bernanke commentsGold fell for a third straight session on Thursday after US Federal Reserve chairman Ben Bernanke hinted at reducing an $85 billion bond-buying programme, which has increased the precious metal's appeal as a hedge against inflation. More… |
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QNB to start India operationsQatar National Bank (QNB) will start operations in India in the third quarter of this year, said the lender, expanding its reach to Asia's third-largest economy. The state-owned bank, which has a presence in nearly 25 countrie More… |
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S&P reaffirms negative outlook on India ratingStandard & Poor's reiterated its negative outlook on India's credit rating, which is one notch above "junk", warning of the need to follow through on reforms and dealing a blow to a government that had recently pitched for More… |
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Investment flows to developing states to soarThe percentage of global investment that goes to developing countries should triple in the next two decades as emerging economies catch up with richer nations and become more integrated into finan More… |
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Ranbaxy pleads guilty, to pay $500m settlementIndian generic drugmaker Ranbaxy Laboratories pleaded guilty on Monday to felony charges related to drug safety and will pay $500 million in civil and criminal fines under the settlement agreement with the US Department of Justice. More… |
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Pakistan's Sharif seeks to ease mistrust with IndiaNawaz Sharif, who is poised for victory after Pakistan's May 11 election, said he had spoken at length with Prime Minister Manmohan Singh of rival India and would work to ease mistrust. "Mutual fear needs to be addressed. More… |
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Xerox Emirates appoints new GMXerox Emirates, a joint venture between Mohamed Hareb Al Otaiba and Xerox, a leader in document management and business processes, recently appointed Andrew Horne as its new general manager. In this new role, Horne will provide le More… |
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India IT watchdog investigates ATM heist breachThe Indian government's cyber watchdog is investigating how the computer systems of two companies that are part of the country's vast IT services industry were breached in a global ATM heist that saw $45 million stolen from two banks in More… |
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HDFC to showcase top Indian projectsIndia’s top housing finance company HDFC will be bringing a bouquet of projects ranging from apartments, row houses, flats to plots and villas from across India for the expats in the UAE fro More… |
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IndianOil appoints MTI for market studyIndia's largest company, IndianOil (via Lioc), has retained the services of Bahrain-based MTI Consulting to carry out a study of the fast emerging Myanmar and Indonesian markets. Subodh Dakwale, managing director of Lioc, said More… |
