Morgan Stanley fined $5 mn over Facebook IPO
byNew York: Morgan Stanley, the main underwriter for Facebook’s initial public offering (IPO), has agreed to pay $5 million to Massachusetts’ securities regulators as it…
Economy
UN reports ‘sharp slowdown’ of world trade
byWashington: The UN has reported a “sharp slowdown” of world trade, attributing the decelerating global trade growth to “a declining import demand” in Europe and…
Britain may opt out of EU, says Cameron
byLondon: British Prime Minister David Cameron has admitted for the first time that he was imagining the country quitting the European Union (EU). He mentioned…
India lost $123 billion in black money in a decade
byWashington: The Indian economy suffered $1.6 billion in illicit financial outflows in 2010, capping-off a decade in which it experienced black money losses of $123…
RBI nod for IFS Code to Kangra cooperative bank
byDharamsala: Kangra Central Cooperative Bank (KCCB) has become the third cooperative bank in the country and the first in North India, to have its…
Reserve Bank of India extends deadline for new cheque’s
byReserve Bank of India (RBI) has extended the deadline for the new Cheque Truncation System 2012(CTS-2012) to April 1, 2013, stretching the deadline by…
Wal-Mart probe by retired judge: Kamal Nath
byNew Delhi: A retired judge would hold the inquiry into reports on lobbying by Wal-Mart to open the way for foreign equity in retail trade…
South Asia faces several shocks; India better placed: US report
byWashington: South Asia faces a series of internal and external shocks during the next 15-20 years with India alone in a better position to face…
Opposition wants Wal-Mart lobbying reports clarified
byNew Delhi: An uproar erupted in the Rajya Sabha Monday over reports of Wal-Mart lobbying in the US to open the way for foreign equity…
Himachal bags award for industrial investment
byShimla: Himachal Pradesh has won the PHD Chamber of Commerce and Industry’s award for promoting industrial investments, a statement said here Sunday, adding that…