In the end neither Congress nor the outgoing Bush administration have the stomach to allow two of Detroit's Big Three carmakers to collapse into bankruptcy before Christmas.

The foreign direct investment into India declined by 26% in October, for the first time in this fiscal, commerce minister Kamal Nath said, as the global financial crisis forced many big firms to cut output, slash jobs and delay overseas

The Tamil Nadu Electricity Regulatory Commission has made a strong pitch to hike the tariff rate of wind energy from the current level of Rs 2.90 a unit to Rs 3.40. per unit. The move may help attract big ticket

Many men dream of owning a flame-red Italian sports car: a Ferrari, a Maserati or an open-topped Alfa Romeo, like those that appear in the films of the 1960s.

In a major setback to the debt ridden airline industry, state governments on Tuesday firmly opposed any unilateral decision by the Centre to classify aviation turbine fuel as a "declared goods" and tax it at a lower rate of 4%.

The dynamics of pharma outsourcing and location decisions in Asia, especially India, China and Singapore are now changing. Cost reduction is being augmented and will gradually be eclipsed by 'footprint growth' as a key factor shaping decisions.

Finally, with home loans getting cheaper, demand for residential properties in Tier II and III cities is expected to pick up by 25% by the first half of 2009, from the 5% current rate.

The 12th Metropolitan Magistrate Court has remanded KS Raju, chairman and managing director, Nagarjuna Fertilisers and Chemicals Ltd to 14 days judicial custody till December 29.

The Indian entrepreneurial community is optimistic about the conduciveness for commencement and growth of their ventures in the country, even as markets are evolving and adjusting to new realities, a latest report says.

Taking forward the key reform in indirect taxes, the finance ministry and the empowered committee of state finance ministers have finally agreed upon the model of the goods and services tax regime for the country.

With an aim to synchronise the decisions on rail freight rates for traffic to and from various ports, the department of shipping is constituting two committees to serve as an interface between the department of shipping and ministry of railways.

The Union government is not favouring the national knowledge commission's recommendation of setting up an independent regulator for higher education in the country.

2009 will be the first year since the industrial revolution when Asian or more correctly emerging econ-omies will be the only ones to record any growth in their gross domestic product in the world. This is not the same as

European Central Bank president Jean- Claude Trichet said there's a limit to how far the bank can cut interest rates and signaled policy makers may pause in January.

Acknowledging that the India-Composite Dialogue process is in a pause mode because of the Mumbai terror attacks, external affairs minister Pranab Mukherjee has said that Islamabad has to act fast and fulfill its commitments and hand over the 40 wanted

Investors in China and India might be excused for feeling a bit of whiplash these days. Three months ago, Asia's two nascent superpowers were said to be immune from the credit crisis gripping developed nations. Recently, their economic booms were

After logging out of the passenger air traffic space last year, Captain GR Gopinath is now seeking to acquire two of NACIL's ageing aircrafts, say sources.

The $50 billion fraud allegedly committed by broker Bernard Madoff is a major embarrassment for the US Securities and Exchange Commission and adds to questions already being asked about the regulator's competence.

The Securities & Exchange Board of India and its Primary Market Advisory Committee has decided to keep on hold, the matter of mandatory IPO grading. At the board meeting on December 4, 2006, the issue of IPO grading was discussed.

The BJP on Tuesday alleged that the UPA government, by giving a clean chit to Samajwadi Party leader Amar Singh in the cash-for-vote scam, "repayed" its debt to the party for bailing it out during the trust vote.