Subrata Roy's get-out-of-jail deal is mired in mystery

Last Updated: Thursday, February 5, 2015, 08:56

Subrata Roy, the boss of the Sahara conglomerate, is in a New Delhi prison on contempt-of-court charges and needs to post $1.6 billion in bail to get out. To help raise the money, Sahara is in talks to refinance its overseas hotels, including New York`s Plaza.

Rapidly-growing Asian airlines race to find qualified pilots

Last Updated: Thursday, February 5, 2015, 04:45

The deadly crash of a TransAsia plane into a river in Taiwan is again focusing the world's attention on the safety challenges facing fast-growing Asian airlines.

China regulator blasts Alibaba for illegal business on its websites

Last Updated: Thursday, January 29, 2015, 02:05

A China regulator has accused Alibaba Group Holding Ltd of failing to clean up what it called illegal business deals on the e-commerce titan`s platforms, in an unusually strong government criticism of one of the country`s biggest private companies.

Dow Jones opens 2nd largest operation centre at BSE after NY

Last Updated: Wednesday, January 21, 2015, 21:08

Asia Index, a joint venture between S&P Dow Jones and the BSE, Wednesday opened a new operation centre at the BSE premises which is its second largest operation centre after the one in New York.

Tokyo stocks open up 0.81%

Last Updated: Monday, January 19, 2015, 06:47

Tokyo stocks opened 0.81 percent higher on Monday following rallies in New York, with investors hoping for fresh stimulus from the European Central Bank`s policy meeting later this week.

Twitter accounts of New York Post, UPI hacked

Last Updated: Saturday, January 17, 2015, 18:45

In the latest attack on social media accounts of prominent organizations, Twitter accounts of the New York Post and UPI were reportedly hacked.

Goldman Sachs profit hit by weak fixed-income trading

Last Updated: Friday, January 16, 2015, 23:43

Goldman Sachs Group Inc reported a 7 percent drop in fourth-quarter profit as an unexpected bout of market volatility in December hit its bond-trading business.

Oil rallies from multi-year lows

Last Updated: Thursday, January 15, 2015, 05:00

US oil prices Wednesday shot up more than five percent in a move attributed to bargain-hunting after the contract sank to a new multi-year low the prior day.

Oil prices hit fresh lows since 2009

Last Updated: Wednesday, January 14, 2015, 03:01

Oil prices slipped toward nearly six-year lows Tuesday after OPEC officials underscored the cartel`s resolve to not cut output despite a supply glut and plunging prices.

2014 the best year of job growth in US since 1999

Last Updated: Friday, January 9, 2015, 21:32

The US unemployment rate has dropped to 5.6 percent with the addition of over 2.5 lakh new jobs last month, making 2014 the best year of job growth since 1999.