South Asia Business News

Sri Lankan Born Business tycoon, Raj Rajaratnam currently booked on charges of Insider trading has now gone on a selling spree in his home country stock market, the Colombo Stock Exchange (CSE). The proceeds from exiting these shares are believed...

launched in April 2008, under which someone trading his old car for a new one gets a sizeable discount on the new vehicle -- has played a key role in the revival of India's exports in recent months. It has...

British luxury car maker Rolls-Royce Group launched its latest car ‘Ghost’ in Delhi on Friday at a price upwards of Rs 2.5 crore. Bookings for the Ghost have begun though deliveries will start only in the first quarter of 2010....

UK-based mobile major Vodafone has sought an extension until January 29 next year to reply to a tax claim notice issued last month by the Income-Tax Department, the Lok Sabha was informed. On October 30, 2009, the Income-Tax Department issued...

Cellular service provider Tata Teleservices said it has become the top grosser of subscribers for the third consecutive month, with over 3.8 million new mobile users in October...With the latest addition, it has crossed the 50-million subscriber milestone in October....

Some of Goldman Sachs Group Inc's largest shareholders have asked the company to cut the size of its bonus pool and pass along more of its profits to investors, the Wall Street Journal reported, citing people familiar with the situation....

Mukesh Ambani-run Reliance Industries has offered more than $12 billion in cash to acquire a majority stake in bankrupt international petrochemical group LyondellBasell Industries. Both Reliance and LyondellBasell issued statements confirming a "preliminary non-binding offer" to acquire...

Delhi, Mumbai, Kolkata and category ‘A’ circles such as Maharashtra, Karnataka, Tamil Nadu, Gujarat and Andhra Pradesh will be allowed number portability from December 31 while the rest of the country will have the facility from March next year. Several...

On the first day of trading, Silver shot up by Rs 340 per kg following improved demand from industrial users. In the next two days, it was hardened by Rs 1,020 following brisk demand from stockists along with positive global...

Consumer Product Safety Commission announced a voluntary recall of Cost Plus World Market stainless steel cookware due to a burn hazard. The handles on the stainless steel pots and pans imported from India by Cost Plus Inc. of Oakland, Calif.,...