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The government told the Delhi high court that an empowered panel has decided that Cairn India cannot be allowed to export the excess crude from its Rajasthan oil field. Cairn said a deal with the government allows it to either sell its unsold share of crude to private players or ...

Air India Express on Thursday said it will introduce flight services to Dubai and Sharjah from New Delhi from May and also enhance connectivity to the Gulf region from Mumbai. This is the first time the international budget arm of Air India will be spreading its wings to the national ...

Tata Steel on Thursday reported a consolidated net loss of Rs 2,127.23 crore for the quarter ended December 31, 2015 hit by subdued demand in India as well as higher regulatory costs and a strong British pound. The Mumbai-based company had a net profit of Rs 157.11 crore in the ...

Sugar mills in Maharashtra, which typically operate over November to April, have started closing down earlier than usual as the first back-to-back drought in nearly three decades hit cane supplies in the country. India is the world's No.2 sugar producer after Brazil.

Infuriating members of Congress, a smirking Martin Shkreli took the Fifth at a Capitol Hill hearing Thursday when asked about his jacking up of drug prices, then promptly went on Twitter and insulted his questioners as “imbeciles.” The brash, 32-year-old entrepreneur who has been vilified as the new face of ...

The government will shelve a plan to allow its giant pension fund to buy and sell stocks on its own amid fears that private-sector companies could be brought under state oversight if the fund becomes their direct shareholder, sources said Thursday. The welfare ministry has considered lifting a ban on ...

Another problem has developed with automotive air bags, and this one will bring recalls of up to 5 million vehicles worldwide. Continental Automotive Systems says in documents filed with the U.S. government that moisture can get inside its air bag control computers, causing the power supplies to corrode and fail. ...

THE past two decades have left working-class voters in many countries leery of globalisation. Donald Trump, the billionaire television star who promises to slap a 45% tariff on Chinese goods if elected president of America, has partly based his candidacy on this angst. Economists tend to scoff at such brash ...

One man’s vulture is another man’s victim IT MAY have taken 14 years, but the holders of $900m of bonds on which Argentina defaulted in 2001 should soon be repaid. On February 2nd Alfonso Prat-Gay, Argentina’s new finance minister, announced a deal with Italian bondholders worth $1.35 billion, or 150% of ...

THE harbour may be frozen, but that does not stop a ferry with a few intrepid tourists on board from making its way through the ice to Suomenlinna, a former fortress and popular sightseeing spot near Helsinki. Finns, whose country stretches from the Baltic Sea to the Arctic, are inured ...