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R plunges most in 15 yrs to 49.58

In its biggest fall in 15 years, the rupee fell steeply against the dollar on Thursday, piercing the 49-mark, with…

Orissa seeks R2,120 crore in flood relief

The Orissa government on Thursday submitted a memorandum to the central government seeking financial assistance of R2,120.92 crore for relief…

BRICS & the limits of interdependence

As finance ministers and central bank governors of BRICS nations convened on Thursday in Washington, DC, to brainstorm about the…

New ring to tax tale

The territorial jurisdiction of Indian tax authorities to tax cross-border transactions involving indirect transfer of shares of an Indian company…

Farm subsidies cropped to 30-year low

The rise in agricultural commodities prices has led to the lowest support by rich countries to their farmers in nearly…

UBS

I?ve started, so I?ll finish. Oswald Gr?bel, lured out of retirement in 2009 to haul UBS out of its post-crisis…

Samsung eyes move to block iPhone 5

Samsung Electronics is considering a legal move to block sales of Apple?s long-awaited iPhone 5 in some countries as the…

UTC to acquire Goodrich for $16.5bn

United Technologies has agreed to buy Goodrich, a maker of aircraft components, for about $16.5bn in cash in a move…

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