The country's oldest foreign bank HSBC India has said it will go slow on retail and credit cards businesses as it wants to focus on global banking, investment banking, wealth management, insurance and mortgages as the key growth drivers in the country.

Dubai World plans to sell its prized assets over a period of eight years to generate as much as $19.4 billion to pay off creditors burned by its overambitious expansion, according to a restructuring document obtained by Reuters on Wednesday.

Drug major Cipla today said its board has approved the acquisition of Mumbai-based Meditab Specialities for a consideration of Rs 133.35 crore.

Aegis Logistics on Wednesday said its board would meet on September 1 to consider stock split and fund raising.

Harishankar Brahma, a retired senior bureaucrat hailing from Assam, assumed charge as Election Commissioner today.

India looks pretty good in terms of valuations: AvivaTahnoon Pasha of Aviva Investors says that India is looking pretty good in terms of valuations, particularly compared to its Asian counterparts.

PSUs not to make counter bid for Cairn India: ReportReports state that PSUs won't counter bid as the valuation done by Vedanta for Cairn India is very high.

How to deal with the workplace bully?Competitive industries like media, call centres and BPOs face maximum work bullying cases.

Brand Tata continues to grip consumer psycheTata brands make the connect more alluring with a local approach and a global outlook.

2010 will be the year of midcaps: Geojit BNP ParibasGaurang Shah of Geojit BNP Paribas says that it would be a perfect opportunity to get in if there is a correction of about 2-3-4-5% on the indices.

Mumbai, Aug 25 (PTI) The country's oldest foreign bank HSBC India has said it will go slow on retail and credit cards businesses as it wants to focus on global banking, investment banking, wealth management, insurance and mortgages as the key growth drivers in the country.

State-run energy firms Oil and Natural Gas Corp, GAIL India and Oil India will not make a counter bid for Vedanta Resources' $9.6 billion stake purchase in Cairn India, a senior official in India's oil ministry told Reuters.

Mumbai, Aug 25 (PTI) Sugar prices declined moderately at the Vashi wholesale market here today due to reduced demand from retailers and bulk consumers coupled with higher stocks positions.

India's decision to reject UK-based Vedanta's plans to mine bauxite points to tighter enforcement of environment laws, a commitment to playing by the rules rather than a political campaign against mega-corporations.

New Delhi, Aug 25 (IANS) The allure of gold as an investment instrument is expected to stay strong in India and elsewhere in the world this year, the World Gold Council said Wednesday.

Facebook has beaten competitors like Orkut and Yahoo! to become the top social networking site in India with 20.9 million visitors in July this year, according to research firm comScore.

Addressing the Sixtieth Annual General Meeting of EIH Limited (the flagship Company of The Oberoi Group) held in Kolkata on Tuesday, PRS Oberoi, Chairman stated, "The Oberoi, Mumbai which was destroyed by the terrorists in November, 2008 re-opened on 24th April, 2010. The Oberoi, Mumbai has been well received by guests". 

Yahoo has completed the migration of its web and mobile search functions to Microsoft's Bing search engine as the two companies hope that their combined market power may prove a more significant threat to the dominance of Google.

A benchmark index for Indian equities today slipped further into the red during noon trade and was ruling 102 points lower than its previous close, joining other depressed Asian markets.

India to see strict green rules implementation; investments unlikely to behurt

Airline industry body IATA said international scheduled freight traffic rose 22.7% year on year in July, while international passenger demand rose 9.2%

Environment minister Jairam Ramesh says Vedanta violated some laws; decision did not amount to ‘blacklisting’ Vedanta; rejection comes as Vedanta’s Cairn India buy faces hurdles

Environment minister Jairam Ramesh says there have been serious violations of key environmental laws