Marc Rich, 'King of Oil', dies at 78

Billionaire Marc Rich, who invented oil trading and was pardoned by President Bill Clinton over tax evasion, racketeering and busting sanctions with Iran, died on Wednesday in Switzerland aged......

TN orders Sterlite to shut copper smelter

Tamil Nadu has ordered Sterlite Industries on Monday to shut the country's biggest copper smelter over pollution concerns, in a move that could spur imports and drive up regional premiums for the......

Trade with Iran? Reliance may face ban in US

Asking India's Reliance Industries and other energy firms doing trade with Iran to choose either Tehran or Washington, US Senators have moved a bill aimed at penalising such companies. "We know......

Asarco buy: Sterlite may retaliate legally

Sterlite Industries, the flagship firm of London-listed Vedanta Resources, may consider legal action if the bankruptcy court favours Grupo Mexico's counter-offer of $4.1 billion for Asarco, the US......