Finance & Market

The average inflation in the current fiscal is likely to be around 9.6 per cent as against 4.7 per cent in the last financial year, a leading economic think-tank has said.

Apple's hot-selling gizmo is off to a slow start in India. Does this spell trouble for China?

When it comes to schools, there are no quick fixes, discovers Bill Gates.

Gearing up to deal with an impending slowdown in tourist arrivals, the tourism ministry is considering waiving off visa fee for foreign travellers.

Unwilling to compromise autonomy for a hefty pay hike announced on Thursday, several PSUs chiefs on Friday conveyed displeasure to the government over a directive asking them not to create senior posts in their units without the approval of their administrative ministries.

Look beyond your income statement for more meaningful metrics.

Responding to queries from the Central Vigilance Commission amid allegations from political parties that Rs 50,000 crore (Rs 500 billion) was squandered in distribution of spectrum, telecom ministry said it had gone by the book and had done nothing wrong.

Among the plans for headcount reductions in recent times, banking behemoth Citigroup's decision to slash over 52,000 jobs is reportedly one of the largest layoffs in history. The Bank of New York Mellon is the latest to join the league of American companies which have announced massive job cuts in the wake of the ongoing financial turmoil.

The net income for the quarter ended October 31 stood at $727 million compared to $766 million in same period last year, Dell said in a statement on Friday. The revenues also declined by 3 per cent to $15,162 million during the quarter from $15,646 million in the year-ago period.

Former Petroleum Minister Ram Naik has flayed the UPA government lowering prices of aviation turbine fuel (ATF), saying India is the only country where ATF is cheaper than petrol.

An investment of Rs 40,000 to Rs 60,000 crore (Rs 400-600 billion) will be required over the next five years to maintain the Indian average looking at the population growth," FeedBack Ventures President (Infrastructure Advisory Division) Monika Sood told reporters in New Delhi.

The department of telecommunication has so far considered applications for telecom licences that were received till September 25, 2007, and is yet to take a decision on those that came between September 25 and October 1. This had led to widespread speculation that the applications after September 26 would not be taken up at all and there would be a cap in that sense.