Computer giant Hewlett-Packard is set to cut 27,000 jobs by the end of 2014.

American multinational automaker Ford has reclaimed ownership of the blue oval logo.

Commerce and Industry Minister Anand Sharma has blamed the historic depreciation in the value of the rupee vis-à-vis the U.S. dollar on international economic pressures such as the Eurozone crisis.

Investors have sued Facebook and its Wall Street advisers over claims that the social media giant misled them about the company's business prospect before its record flotation.

 A benchmark index of Indian equities markets was trading 222.60 points higher around 12.30 p.m. Thursday on a healthy buying spree in bank, oil and gas and metals stocks.

Bracing for a long-drawn tussle with its striking pilots, beleaguered Air India has announced a truncated interim schedule for June, dropping several international destinations from its regular routine.

Mexico received $4.37 billion in foreign direct investment, or FDI, in the first quarter, down 8.7 percent from the same period in 2011, authorities said.

India's state-controlled refiners hiked prices petrol by a steep 6.28 per litre, exclusive of taxes, effective midnight Wednesday to compensate losses incurred by them for selling the fuel at subsidised rates. The hike will be between Rs.7.54 and Rs.7.98 in the four metros and would be higher or lower in other cities depending on the extent of taxes levied by the concerned state.

The Telecom Commission, the highest policy-making forum in the communications ministry, will meet Thursday to take a call on the sector regulator's controversial recommendations on spectrum auction which have made the industry come up in arms.

Civil Aviation Minister Ajit Singh Wednesday refused to comment on the leaked Comptroller and Auditor General's (CAG) report that hinted at financial irregularities in allocating the Indira Gandhi International (IGI) airport to a conglomerate led by infrastructure major GMR Group.