Washington: The International Monetary Fund (IMF) has said that it is cutting its forecasts for growth and warning of a deeper downturn if Europe doesn''t take stronger action to stem its debt crisis.

Munich (Germany): Twitter’s co-founder and chief, Jack Dorsey, has defended the site’s business model at a technology conference in Munich.

New Delhi:  The Confederation of Indian Industry (CII) on Tuesday welcomed the Reserve Bank of India''s move to cut Credit Reserve Ratio (CRR) by 50 base points to 5.5 percent.

Munich (Germany), Jan.24: Twitter’s co-founder and chief, Jack Dorsey, has defended the site’s business model at a technology conference in Munich.

New Delhi: Asserting that the industry needs investment, Union Commerce and Industry Minister Anand Sharma on Monday said that cost of credit needs to be brought down.

New Delhi: Union Corporate Affairs Minister Dr. M. Veerappa Moily on Monday said the Company Bill is only a skeleton and stressed the need to develop a mechanism, which will help to maintain transparency and fix accountability among corporate firms.

Washington: The International Monetary Fund has slashed its global growth forecast from 4 to 3.3 percent this year and called on the European Central Bank to boost liquidity to avert a deeper eurozone crisis.

Washington: The exit of Yahoo co-founder Jerry Yang from the board of directors is just the beginning, and several boardroom resignations are on the way, sources have revealed.

New York: The US authorities have arrested two hedge fund employees in an expanding insider trading investigation that has already claimed the Indian-origin co-founder of the Galleon Group, Raj Rajaratnam.

New Delhi: Now brides and grooms have something more exciting to look forward to -- a personalised wedding website, where they can share pictures, upload videos and can also budget their wedding expenses -- all thanks to a software created by Shaadi-e-Khas.

Bangalore: Three engineering students in India''s southern Bangalore city have created a self-check-out-counter-shopping-cart which will be used in grocery stores across the city. The cart’s inbuilt automatic billing system makes shopping a breeze and has other positive spin-offs such as freeing staff from repetitive checkout scanning, reducing pilferage and increasing operational efficiency in stock taking.

Beijing:  China''s foreign exchange reserves have declined on a quarterly basis for the first time in a decade, indicating a need for the country to shore up market liquidity.

Washington: US search giant Google has admitted that its staff had ''improperly'' accessed its Kenyan rival’s database to boost its business.

Beijing: Chinese technology firm Foxconn has reportedly confirmed that it will employ a million robots over the next three years to replace human labour.