April 7: Through the camera lens
April 7: Through the camera lens
A worker of a food superstore arranges products inside a mall in Ahmedabad
India's food price index rose 9.18% and the fuel price index climbed 13.13% in the year to March 26, government data on Thursday showed.
In the previous week, annual food and fuel inflation stood at 9.50% and 13.13%.
The primary articles price index was up 12.97%, compared with an annual rise of 12.98% a week earlier.
The wholesale price index-based inflation, the most widely watched gauge of prices in India, unexpectedly quickened an annual 8.31% in February from 8.23% in January.
The Martin Luther King Jr. Federal Building and US Courthouse is seen in Newark, New Jersey
A lawyer and a trader were accused by federal prosecutors of running a 17-year conspiracy to trade on corporate merger secrets stolen from three of the nation's most powerful law firms, in one of the largest US insider trading cases on record.
Prosecutors accused Matthew H Kluger and Garrett D Bauer of reaping more than $32.2 million from trades on tips about upcoming mergers and acquisitions that Kluger learned as a lawyer at Wilson Sonsini Goodrich & Rosati PC, the pre-eminent firm representing Silicon Valley technology companies.
The complaint details a conspiracy that had its origins in Atlantic City, New Jersey, and ended with attempts by the defendants to cover their tracks, including a discussion about cleaning money in a washing machine to rid it of fingerprints.
Kluger also regularly leaked information he learned when he worked previously at two oth
An employee counts euro notes at the Bank of Taiwan head office in Taipei
Portugal's financial sector can expect some relief after the caretaker government decided to seek financial aid after months of what many economists said was a refusal to acknowledge economic reality.
But Lisbon will have to agree to tough austerity targets to obtain a bailout, and how quickly a deal can be negotiated at the start of an election campaign is unclear.
Caretaker Prime Minister Jose Socrates announced he was asking for financing from the European Union on Wednesday, saying the risks to the economy had now become too great to go it alone as borrowing rates soared in recent weeks.
Following in the footsteps of Greece and Ireland, his request comes against a backdrop of political uncertainty after the government resigned on March 23 after the parliament's rejection of an austerity plan.
A bird flies by the Vedanta office building in Mumbai
Cairn Energy and Vedanta Resources on Thursday extended the deadline for a $9.6 billion deal for Cairn's India assets, reflecting optimism the deal will get done a day after the government deferred a decision.
Both companies have extended the date by which all conditions must be completed or waived to 20 May 2011 to accommodate the completion of the open offer for Cairn India shares, Cairn Energy said in a statement.
The two companies had earlier set an April 15 deadline to seal the long-pending deal, first announced last August.
'Cairn and Vedanta have agreed that the put and call options shall not be enforceable or exercisable. Vedanta has also agreed that its pre-emption right shall not be enforceable or exercisable,' Cairn said, giving in to demands from Sebi.
Cairn Energy has agreed to sell a majority stake in Cairn India to Vedanta, but the deal has been delayed due to a disp
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