Business

A whistleblower has accused General Electric (GE) of hiding massive losses by engaging in a $38 billion accounting fraud, which is "bigger than Enron". In his report this week, investigator Harry Markopolos accused GE of utilising many of the same accounting tricks as Enron did to mislead the investors. ...

Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy has urged the US-India Business Council (USIBC) to work with his government to identify '5 big ideas' to catalyse the US-Andhra Pradesh economic partnership. He said that Andhra Pradesh and USIBC can prepare a roadmap to achieve ...

More than Rs 1 lakh crore have been deposited in over 36 crore bank accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY), reveals an RTI. Chandrashekhar Gaur, a social worker from Neemuch district of Madhya Pradesh, filed the RTI seeking the details of the PMJDY from the Ministry of Finance....

US stocks closed higher, wrapping up the week in a positive note, as the market was mildly buoyed by easing US bond market and a batch of mixed economic data. The Dow Jones Industrial Average rose 306.62 points, or 1.20 per cent, to 25,886.01 on Friday, Xinhua reported. The S&P 500 increased 41.08 points, or...

To provide hassle-free check-in to domestic passengers, the GMR-led Delhi International Airport (DIAL), the company which operates New Delhi's IGI Airport, on Friday introduced an 'Express' security check-in facility at Terminal 2. Accordingly, DIAL in collaboration with CISF, introduced the new security...

Amid buzz of talks between the Finance Ministry and the Prime Minister's Office over a stimulus to revive growth, a report has said that the government has limited scope to provide a fiscal stimulus given the fiscal constraints. Markets have shown slight recovery over the news that the government is working ...

Hero MotoCorp, the country's largest two-wheeler manufacturer, on Friday said that their manufacturing facilities will be closed for four days (August 15 to 18) owing to "demand scenario". Hero MotoCorp indicated it is undergoing a stressful period as it said: "While...

The Sensex fell by 140 points during the early trade on Friday, dragged by finance and banking stocks. All the sectoral indices except pharma stocks traded lower. Metal and IT stocks came under heavy selling pressure during the early trade. ...

US stocks closed mixed as Wall Street digested a batch of mixed data. The Dow Jones Industrial Average rose 99.97 points, or 0.39 per cent, to 25,579.39 on Thursday. The S&P 500 increased 7.00 points, or 0.25 per cent, to 2,847.60. The Nasdaq Composite Index fell 7.32 points, or 0.09 per cent, to ...