The US, which witnessed one of the worst economic crisis in recent times, is coming out of recession faster and stronger than many countries of the world, a top Obama Administration official has said.
“The economy is definitely getting stronger. We’re coming out of this stronger and more quickly than many people expected, and stronger and [...]

IT major Infosys Technologies today said it hired 9,313 employees in the fourth quarter while the net addition after taking attrition into account was 3,914.
“During the quarter, Infosys and its subsidiaries added 9,313 employees (gross). The net addition during the quarter was 3,914,” the company said in its financial statement.
As on March 31, 2010, Infosys [...]

An Indian, Ajay Banga was today named as the Chief Executive Officer of Mastercard.
The credit card company named Banga to succeed the current CEO Robert W Selander, who will stay on as Executive Vice Chairman and Board Member until he retires on July 31, the company said.
Banga joined Mastercard Inc. in 2009 and before that [...]

Delhi with its rich heritage sites, modern health care centers and swanky business hubs emerged as the favorite destination among foreign tourists including business travelers in 2008, a study has revealed.
According to the latest data on state-wise tourist arrivals available with FICCI, a total of 23.4 lakh foreigners visited Delhi in 2008. The total foreign [...]

The White House has said the USD 819 billion mega economic stimulus package, passed by the House of Representatives amid opposition from Republicans, is on track and exuded confidence it would be signed into law before February 16, a deadline set by President Barack Obama.
The American Economic Recovery and Reinvestment Act, which pumps USD 819 [...]

By Gayatri Nayak
A week from now, Reserve Bank of India governor YV Reddy will unveil his mid-term policy review for 2007-08. The governor’s pronouncements in the policy will determine the course of interest rates. Coming after a more-than-expected half-percentage point cut in rates by the US Federal Reserve last month, there has been a [...]

Major chartered accounting firms enjoying tie-ups with overseas firms have mounted a counterattack on the white paper released by the Institute of Chartered Accountants of India targeting so-called foreign firms operating in India.
Industry sources have also come out in criticism of the ICAI white paper which seeks to deny market access in the services sector [...]

India’s forex reserves went up by USD 75 million to stand at USD 175.519 billion during the week ended December 15 as against USD 175.444 billion during the week ended December eight.
The reserves were down by USD 45 million during the preceeding week ended December eight, compared to a week ago period.
The Foreign Currency Assets [...]

The European Union today approved Tata Steel’s proposed acquisition of Anglo-Dutch steelmaker Corus, saying such a transaction would not impede competition.
“The European Commission has cleared under the EU Merger Regulation the proposed acquisition by the Indian steel producer Tata Steel of Corus Group Plc,” the Brussels-based regulator of the EU said in a statement.
Shares of [...]

Firmly backing the peace process in Nepal, India today offered to supply food grains for Maoists confined to cantonments under UN supervision and vehicles and equipment to strengthen its police force.
“India always remains committed to supporting all efforts that are aimed at achieving peace, democracy and development in Nepal,” visiting External Affairs Minister Pranab Mukherjee [...]