1.5B $ fine for Intel

1.5B $ fine for Intel

Intel Corp. was fined a record $1.45 billion by the European Union on Wednesday for using strong-arm sales tactics in the computer chip market - a penalty that could turn up the pressure on U.S. regulators to go after the company, too. The fine against the world's biggest chip maker represents a

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Tata's another hit

Tata’s another hit

After the super response to Tata Nano, now the Tata group is coming up with Nano homes under the name Shubh Griha, priced between Rs 3.9 lakh and Rs 6.7 lakh. The company has sold around 3,500 application forms for its low-cost housing project, Shubh Griha near Mumbai, in the first two days of b

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Healthcare deal - Obama

Healthcare deal - Obama

The US president, has unveiled what he says is an "historic" deal with healthcare providers to cut rises in medical costs by up to $2 trillion over 10 years. Barack Obama said a coalition representing doctors, hospitals, drug manufacturers, insurers and workers had agreed to help reduce the rise

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Microsoft to layoff 55 employees in India

Microsoft plans to lay off 55 Indian employees, around one per cent of its 5,500-strong workforce in the country. The move is part of its global plan to shed around 5,000 global jobs, as its net income fell 11 per cent for the quarter ended December 31, 2008. The company said: "We are currentl

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AIG sells Japan headquarters for $1.2 billion

Embattled insurer American International Group is selling its Japanese headquarters to Nippon Life Insurance Co. for $1.2 billion in cash. The transaction, which would be among the biggest divestitures New York-based AIG has made to reimburse the U.S. government for its massive infusion of aid, is

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Tata ranks 12th top reputed company

The Tata Group, State Bank of India (SBI) and Infosys Technologies are among 17 Indian firms that figure among the top 50 in a list of the world’s 200 most reputable companies. Italy-based chocolate producer Ferrero was ranked as the most reputable company on the planet right now. With its puls

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