There are now one billion hungry people on the globe, United Nations Secretary General Ban Ki-moon said recently.

It's one Forbes list where none would want to figure, but Ramalinga Raju, founder-chairman Satyam Computers (now Mahindra Satyam), has managed the feat of being among the world's 10 most outrageous CEOs.

China's ruling Communist Party on Friday endorsed the government's decision to cut carbon emissions by up to 45 per cent and improve energy efficiency.

Software exporters TCS, Infosys and Wipro on Friday said they have little exposure in Dubai and do not see any adverse impact due to the emerging financial crisis there.

The Indian government on Friday said it has sought detailed information from all ports associated with DP World to assess the impact of Dubai debt crisis on Indian shipping sector.

India's premier lender State Bank of India has said its exposure to Dubai firms are insignificant and ruled out any cause of concern due to the debt crisis there.

The embattled Dubai government has successfully raised a further $5 billion from two Abu Dhabi banks as part of its long-term bond programme, signalling that investors are still showing trust in the oil-rich city-state.

Global recovery following the economic downturn is still tentative and fragile, Asian Development Bank's managing director general Rajat Nag said in Ahmedabad on Friday.

The global rating agencies S & P and Moody's have downgraded the credit ratings for several government-related entities in Dubai on fears about the government's failure to provide timely financial support to them.

Snapping its six-day, record-making journey, gold's dream to climb the 18-K level was shattered as the yellow metal tumbled on the bullion market in Mumbai on Friday on frantic selling by stockists triggered by a sharp fall in international markets.

The three companies in separate presentations to the Kirit Parikh Committee on fuel pricing suggested immediate freeing of petrol and diesel prices from government control.

Canada is the world's best country for expats while United Kingdown is among the worst.

India on Friday reacted cautiously to the financial crisis in Dubai, caused by debt repayment crisis of a state firm, saying it would examine the extent of the problem, but maintained that no impact was visible as of now.

The Dubai government on Friday promised to pump in all necessary resources to ensure long-term success of Dubai World, even as the state-owned investment holding firm's huge debts adversely impacted the markets world over.

The Sun Never Sets on Dubai World' -- screams a banner on the web site of the state-owned flagship investment arm of Dubai, even as its inability to pay in time about $60 billion in debts haunted the markets across

IT major Infosys plans to reduce the usage of sub-contractors and perform their work in-house particularly at cheaper offshore locations, a top company official said on Friday.

Home-grown auto firm Tata Motors on Friday reported a consolidated net profit of Rs 21.78 crore for the quarter ended September 30.

A majority of big real estate developers in India on Friday said they are insulated from the financial crisis in Dubai and it will not have any impact in the country's property market.

The government of Dubai, in a blunt acknowledgment of the severity of its financial position, said that it had asked its banks for a six-month stay on its schedule of debt repayments.

Buying at low levels helped the benchmark index stage a big intraday recovery to end 222 points down. At its day's low, the Sensex was down nearly 650 points after the Dubai debt crisis cast a shadow over global equity