Domestic capital goods should benefit from reduced competition from Chinese vendors. BHEL, LT ABB are the key beneficiaries, says N Krishnan of CLSA.

Recent softness in US retail and employment data notwithstanding, import trends are resilient, suggesting Asian exporters are gaining market share, while corporate IT spending remains firm.

OVL turns down Mittal offer to buy stake in Kazakh oil company.

Iraq's political parties have been deadlocked since an inconclusive March election over who should form the coalition government and serve as prime minister and president.

After ugly economic data and an unexpected downturn in sentiment on quarterly earnings, Wall Street will face a tough time battling back from the latest selloff.

Dismal consumer sentiment data and anemic revenues from GE and two big banks slammed US stocks on Friday, driving down major indexes more than 2%. The Dow Jones dropped 261.41 points, or 2.52%, to 10,097.90. The SP 500 Index slid 31.60 points, or 2.8

The maiden visit of David Cameron as UK's prime minister to India could well be an opportunity for British retail giant Tesco.

India's nonfood manufacturing inflation is picking up, a top government adviser said on Friday, in a sign broader inflation is becoming demanddriven, keeping pressure on the central bank to tighten monetary policy.

The task-force with the UAE 'will develop options for strengthening our ties across the board,' said the British foreign secretary.

India maintains that it wants to be part of the project but cannot go ahead till its concerns with regard to security and issues related to pricing of gas are addressed.