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Phaneesh Murthy to be sued for alleged sexually harassment

The California-based law firm, Aiman-Smith & Marcy, said that iGate's head of investor relations Araceli Roiz was pregnant with Murthy's child.

Chidambaram tries to calm stock markets, says Fed statement 'misunderstood'

In a bid to calm stock markets, Finance Minister P Chidambaram on Thursday said the Fed statement on the possible scaling back of the bond buying programme has been "misunderstood".

General Motors recalls over 27,000 Cadillac crossovers with wheel issue

The recall by the largest US automaker affects certain 2013 Cadillac SRX models equipped with 18-inch wheels.

Oracle surges; strong share sale squeezes short sellers

Oracle, majority owned by Oracle Corp, attracted demand of nearly four times its share sale of 4.4 million shares, according to exchange data, surprising investors who had shorted the stock for arbitr...

Toyota may launch more small cars, compact SUVs in India

The company, however, said in the absence of a clear cut Indian government policy relating the auto industry such as fuel policy and import tariff, it is adopting a wait and watch strategy before deci...

Rupee breaches 56 on global dollar strength

The rupee fell to its lowest in over 8-1/2 months on Thursday, heading for a fifth consecutive session of falls, as the dollar rallied at the prospect the Federal Reserve might scale back its stimulus...

Ford to cut 1,200 jobs, stop production in Australia

Ford Australia chief executive Bob Graziano made the announcement as he revealed a loss of 141 million Australian dollars ($136 million) after tax in the last financial year, with losses of 600 millio...

Sensex plunges 360 points, Nifty below 6000

The BSE Sensex dropped over 350 points on Thursday tracking global weakness, while the 50-share Nifty traded below the key 6,000 mark. Indian markets are heading towards their fourth consecutive sessi...

Why the rupee has hit an 8-month low

The rupee declined for the fifth straight day against the dollar, marking its longest losing streak in over three months. It hit an over eight-month low of 55.92 against the greenback. The dollar-rupe...

Ranbaxy tanks after Daiichi blames former shareholders for $500 mn fine

Ranbaxy Laboratories slumped as much as 6.6 per cent on Thursday after majority shareholder Daiichi Sankyo said it believes former shareholders of the Indian company hid information regarding U.S. reg...

Rupee hits new 6-month low of 55.86 to dollar

The rupee is at a new six-month low on global dollar strength after Bernanke testimony, says a dealer. The rupee is at 55.77/78 after falling to 55.86, last closed at 55.46/47.

Sensex slips below 20k as markets fall for 4th day

The BSE Sensex slipped below the key 20,000 mark as markets fell for the fourth straight day. The broader Nifty dropped below the key 6,050 mark before paring some losses.

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