A fast track court here Monday sentenced former chairman and managing director of the Indian Bank M. Gopalakrishnan to 14 years imprisonment for fraud.CBI special judge Sundarajan found Gopalakrishnan guilty of favouring two private companies and cau ..

The telecom watchdog Monday directed service providers to ensure transparency and take the consent of consumers before activating any value-added service (VAS).According to the Telecom Regulatory Authority of India (TRAI), service providers should pr ..

E.K. Bharat Bhushan, who currently serves as joint secretary and financial adviser in the civil aviation ministry, has assumed charge as the interim chairman and managing director of the state-run National Civil Aviation Co of India Ltd (NACIL).A spo ..

The financial fraud perpetrated by the founders of Satyam Computer Services was executed through a well-planned accounting system that used as many as 7,561 fraudulent invoices worth Rs.5,117 crore to inflate the company's sales, the Central Bure ..

India and other developing nations have been assured greater say in the affairs of the World Bank and the International Monetary Fund (IMF), even as New Delhi offered $10 billion to address the worst global crisis in six decades.Attending a host of m ..

Prospective vets no longer need to enter a veterinary surgery for clinical training - even before stepping into the operation theatre, veterinary students can now get a feel of the instruments, sterilisation techniques and patient preparation.All thi ..

International interest in India's Rs.100 billion ($2 billion) film industry is surging. After Hollywood giants, Australian filmmakers in search of innovative stories and financial partners are looking to India.They have already launched a bunch o ..

China's central bank chief has said the country's economy has done better than expected in the wake of the ongoing economic slowdown."Facing the impact of the financial crisis, the Chinese government has promptly introduced a policy pack ..

It's raining discounts and other offers this May in the capital. And all you have to do to avail yourselves of them is to flaunt the "black-ink mark" - proof that you have exercised your right to vote.The trend is very new. But it is fa ..

The International Monetary Fund (IMF) and World Bank began their annual spring meetings Saturday in the midst of a deep global recession, seeking more funds and aid to help countries that can't manage the economic crisis on their own.The IMF, who ..

Unhappy with the performance of state-run carrier Air India, the government has decided to appoint an interim chairman and managing director for the carrier in place of incumbent Raghu Menon, officials said.A simultaneous talent search has also been  ..

Banks in Kerala have posted a marginal growth of 6.3 percent in advances from Rs.80,131 crore in June 2008 to Rs.85,174 crore as on Dec 31, according to the State Level Bankers Committee (SLBC).The SLBC in a meeting here said loans given to the educa ..

Major US stock indices rose Friday amid a second day of company earnings that beat analysts' estimates, but the rally to end the week was not enough to continue six straight weeks of gains.Ford Motor Co reported a smaller-than-expected $1.4-billi ..

Apple has fired some 1,600 employees from its chain of retail stores due to slackening consumer demand, the Wall Street Journal reported Friday.The job cuts were referenced in a securities filing by Apple Thursday in which the company said it had 14, ..

West Bengal Chief Minister Buddhadeb Bhattacharjee Friday said a factory to be built on the land in Singur that Tata Motors had abandoned would "generate more employment" than the Nano project and that a decision on this would be taken afte ..

Unmesh Brahme, an Indian corporate sustainability strategist for one of the largest international banks, has been named as one of 15 Yale World Fellows for this year.A Yale University announcement Friday described Brahme, Senior Vice President (Corpo ..

Eight of India's leading scientists were Friday honoured with Thomson Reuters Research Excellence - India Research Front Awards for their groundbreaking work and influential contribution to global research and development.The eight awardees were  ..

Two US senators have introduced a bill to make it tougher for American firms to employ foreign professionals under its H-1B and L1 visa programmes utilised the most by Indians and the Chinese.The bill introduced by Senators Chuck Grassley and Mr. Dur ..

The Punjab government has released over Rs.85 billion as payment to farmers for wheat procurement, considered one of the largest such exercise in the world."The procurement process is going on quite smoothly. Over 87 lakh tonnes of wheat have be ..

Lilavati Hospital in Mumbai spent $12,000 once to upgrade its electricity system, and is saving $17,000 a year on power bills. Many firms don't even have to pay any money upfront. They just save on the power bill, and pay a percentage of that sav ..