Indians Planet

NEW YORK (Reuters) - The 150-year sentence meted out to Bernard Madoff surprised some legal experts, who say it far exceeds the punishments handed down to other big-time corporate scoundrels and may not send the intended message to other would-be crooks. ...

MUMBAI (Reuters) - Hindalco Industries Ltd posted a 78 percent slump in 2008/09 consolidated profit on weak demand and derivative losses, but said it planned to sell shares worth up to $500 million to fund expansion.

NEW DELHI (Reuters) - India eased overseas borrowing rules for firms on Tuesday to speed up work at infrastructure projects as the cash-strapped government tries to boost a slowing economy.

MUMBAI (Reuters) - Reliance Industries Ltd said on Tuesday it could not sign a gas supply agreement with former group firm Reliance Natural Resources Ltd as there was no clarity on government approval for the terms.

MUMBAI (Reuters) - Tata Consultancy Services Ltd, India's top software services firm by sales, sees flat business growth in its fiscal first quarter that ended on Tuesday as economic downturn crimped outsourcing, its chairman said.

NEW DELHI (Reuters) - India's current account swung into a surplus in the March quarter, but it was not enough to prevent a wider deficit for the full 2008/09 fiscal year as oil imports rose and exports fell sharply due to the global slump. ...

MUMBAI (Reuters) - Adlabs Films Ltd said on Tuesday its consolidated net loss for FY09 stood at 513.75 million rupees on net sales of 6.55 billion rupees.

BRUSSELS/FRANKFURT (Reuters) - Efforts to save two leading European carmakers took a twist that could change the ownership of both crisis-hit General Motors Corp's Opel and German sportscar maker Porsche.

MUMBAI (Reuters) - GMR Infrastructure called off a share sale on Tuesday because of poor investor demand even after slashing the size by four-fifths to $100 million, posing a challenge to other offers in the pipeline.

LONDON (Reuters) - Oil prices fell towards $71 a barrel on Tuesday, ahead of U.S. inventory data expected to show a rise in oil product stocks.