Shares in Hyundai Steel surged more than 14% to a record on Friday on speculation that Arcelor Mittal was seeking to take over the $4.8 billion South Korean firm.

Mayawati is set to rule Uttar Pradesh for the fourth time in her checkered political career. Proving most poll surveys wrong-experts had predicted a hung Assembly-Mayawati's Bahujan Samaj Party achieved the remarkable feat of crossing the halfway mark of 202

Former McAfee chief financial officer Prabhat Goyal was found guilty by a San Francisco jury of fudging accounts to hide losses and pump up the company's revenue figures from 1998 through Jan 2001.

Three Posco executives, including a woman who had gone to the Gobindapur village for direct talks with villagers on land acquisition, were taken hostage by agitators opposing the South Korean company's plans to set up a Rs 52,000-crore steel plant

A department of telecommunications committee has said that roaming among all mobile phone service providers should be mandatory as far as 3G services are concerned.

For the first time, the ministry of finance has issued a veiled directive to Chennai-based Indian Bank, asking it to achieve a Rs 10,000-crore market cap by 2010. Never before has the government linked performances of state-run banks to their

ICICI Bank was looking at valuing ICICI Holdings at $10 billion, sources said. Vishaka Muley, chief financial officer of the group, refused to comment on the development.

Banks are considering levying a charge of Rs 50 on high-value cheques, while making local payments through real time gross settlement free.

Lebanon is facing a shortage of skilled construction-sector employees after the decade-long exodus of local architects, engineers, and contractors to more lucrative Gulf markets accelerated in the wake of the July 2006 war. The development slow-down in Lebanon that followed

Agro-food exporters say they expect to increase their access to foreign markets by improving their packaging through a $2.2 million, Swiss-funded UN project officially launched on Friday. Packaging shortcomings were responsible for about 40 percent of the rejections suffered by

As sugarcane farmers and large landowners do not form a part of her vote bank, Mayawati is expected not to raise further the minimum support price for sugarcane when mills go on stream in October 2007.

The Posco India hostage crisis came to an end late on Friday night, with the Gobindpur villagers releasing the company executives they had taken captive earlier in the day, according to TV channels.

UK-headquartered Standard Chartered Bank is set to become the third foreign player to enter the Indian retail stock brokerage business by buying a 49 per cent stake in UTI Securities for Rs 140-150 crore.

Beijing unveiled rules that would allow Chinese banking clients to access overseas stock markets for the first time, in a move that could trigger an inflow of investments.

A party championing India's lowest castes appeared set to head a coalition government after elections in the country's most populous state of Uttar Pradesh.

The protest against the Posco project in Orissa has intensified with anti-Posco agitators taking hostage three Posco officials at the project site near Paradip in Orissa.

Former soldiers have picked up arms again, this time to fight the rising menace of Naxalite violence in Bihar. Raised last year, the Bihar Auxiliary Force recruited 5,000 ex-servicemen in November and December.

The Indian Air Force today phased out its Canberra aircraft after fifty years of its glorious service. The phasing out ceremony was held at Air Force Station Agra and was presided over by the Chief of Air Staff, Air Chief

A California daily is recruiting journalists in India to report what's happening 12,841 km away in Pasadena.

Tough opposition from Left parties notwithstanding, the government has opened a window of opportunity for foreign companies for managing pension funds of central and state government employees.