Morgan Stanley defends Facebook IPO fiasco

New York-based global financial services firm Morgan Stanley's CEO James Gorman has defended the company's role in Facebook tumultuous initial public offering, saying it worked '100 per cent within......

Barack's burden

While the jury's still out on whether US President Barack Obama's proposed stimulus is the right way to help fix the economy, rising unemployment is something that's likely to trouble the President......

Indra Nooyi is world's third most powerful woman in business

PepsiCo's India-born CEO Indra Nooyi has been ranked third most powerful businesswoman by Fortune, the only Indian-origin woman on the 2014 list topped by IBM Chairman and CEO Ginni Rometty......

Interest rates expected to stay high

Banks see interest rates staying at the current elevated levels for now. The country's largest lender, State Bank of India, has extended its 9.5 per cent special deposit scheme by another month and......