Greece reaches deal with creditors

Last Updated: Tuesday, August 11, 2015, 12:15

Greece has reached a deal on a multi-billion bailout with its international creditors after marathon talks, a government source said Tuesday.

Gold price ticks up, but still below Rs 25,000-level in India

Last Updated: Monday, August 10, 2015, 10:23

Gold prices moved up marginally by Rs 17 to Rs 24,912 per ten grams in futures trade Monday.

Foxconn may pick up stake in Mukta Arts

Last Updated: Sunday, August 9, 2015, 14:15

The world's largest contract manufacturer of electronic gadgets Foxconn Technology may pick up a stake either in listed Mukta Arts or one of its arms, as the Taiwanese firm seeks to branch out beyond its established forte of hardware products.

Pakistan economy to increase to 4.5% this year: IMF

Last Updated: Friday, August 7, 2015, 22:30

The IMF Friday forecast Pakistan's country's economy to increase to 4.5 percent this fiscal, citing macroeconomic stability, low global oil prices, planned improvements in the domestic energy supply and investment related to the China-Pak Economic Corridor.

IBM to buy Merge Healthcare in $1 billion deal

Last Updated: Thursday, August 6, 2015, 22:16

International Business Machines Corp said it would buy Merge Healthcare Inc, which provides medical images and clinical systems, in a $1 billion deal and combine it with its Watson Health analytics unit.

ILO, FICCI sign pact with eye on MSME productivity

Last Updated: Wednesday, August 5, 2015, 18:39

The International Labour Organisation (ILO) and FICCI Wednesday took their partnership to the next level by signing a memorandum of understanding (MoU) to impart training to MSMEs to make them competitive and boost productivity.

Yes Bank raises Rs 315 crore from Green Infra Bonds

Last Updated: Wednesday, August 5, 2015, 15:23

This is the first investment of IFC in emerging markets green bond issue in the world, Yes Bank said in a statement.

Drugmaker Shire bids $30 billion for Baxter spin-off Baxalta

Last Updated: Wednesday, August 5, 2015, 11:37

Drugmaker Shire said on Tuesday it was seeking to buy Baxalta , a company spun-off by Baxter International last month, for $30 billion to forge the leading global specialist in rare diseases.

IMF staff urges no rush to add China yuan to currency basket

Last Updated: Wednesday, August 5, 2015, 11:29

The International Monetary Fund should put off any move to add the yuan to its benchmark currency basket until after September 2016, IMF staff said in a report which showed a mixed performance of the renminbi on meeting key financial norms.

Greek finance minister says bailout deal possible by August 20

Last Updated: Wednesday, August 5, 2015, 01:14

Greek Finance Minister Euclid Tsakalotos expressed confidence Tuesday that Athens and its creditors will reach a deal on a new bailout in time for August 20, when a huge debt payment is due.

AIG profit beats estimates, boosts buyback by $5 billion

Last Updated: Tuesday, August 4, 2015, 04:39

American International Group Inc , the largest commercial insurer in the United States and Canada, reported a quarterly operating profit that breezed past analysts` estimates, and boosted its share buyback by up to $5 billion.