MUMBAI - A 700 billion rupee sale of shares in state-run Power Grid Corp Ltd received bids for 6.7 times the stock on offer by close on Friday, in an issue that helps the government inch toward its asset-divestment target.
Recent Business News
NEW DELHI - India is considering giving sugar mills as much as $1.17 billion in interest-free loans to help them pay cane-growers, plus additional incentives to encourage them to produce raw sugar for export, the agriculture minister said on Friday.
CHICAGO - A top Federal Reserve official, who has been one of the most ardent supporters of the U.S. central bank's bond-buying stimulus program, said he was open to curtailing the purchases this month, although he would prefer to wait.
NEW YORK - U.S. companies are sounding the alarm on fourth-quarter earnings, lowering profit estimates just as the stock market is poised to end its best year since 1998.
NEW YORK - Former Goldman Sachs Group Inc trader Matthew Taylor was sentenced Friday to serve nine months in prison and pay $118 million in restitution to his former employer after he pleaded guilty to pursuing an unauthorized $8.3 billion futures trade in 2007.