Privately-owned City Union Bank hopes to log a growth of 20-30 percent this fiscal despite the economic outlook not being encouraging while the net interest margin is expected  to go down slightly, said a top company official.

The crisis in Air India raged on for the 11th day Friday and the national carrier's losses mounted to Rs.200 crore as the impasse between agitating pilots and the  management continued.

The unexpected slowdown in the Indian economy is creating ripples in Australia as a mining giant has expressed concern over the slackening iron ore demand from India.

The country's largest lender State Bank of India (SBI) Friday reported a massive hike in net profit at Rs.4,050 crore for the quarter ended March 31 on account of  decline in provisions of bad loans and strong credit demand.

Billionaire Warren Buffett's company Berkshire Hathaway Inc. has signed a deal worth 142 million dollars, in cash, with Media General, Inc. agreeing to buy 63  newspapers from the company.

Facebook's initial public offering of common stock will be priced at 38 dollars a share, valuing the company at 104 billion dollars, which makes it the largest IPO for a  U.S. tech company.

Social media giant Facebook has bought another photo application named Lightbox, after recently shelling out over a billion dollars on Instagram.

Hewlett-Packard is considering cutting up to 25,000 jobs, as the world's largest PC maker wrestles with a decline in demand.

The United Nations Development Program (UNDP) has offered to provide $144 million aid to Myanmar to implement a three-year project starting 2013, official media reported  Friday.

South Korea is not mulling ban on short selling of non-financial stocks despite resurfacing concerns over Europe's debt crisis, a senior financial regulator said Friday.