The International Monetary Fund Thursday pledged $450 million in emergency loans to Pakistan to help the country cope with a massive flood disaster. The IMF is also in talks with Pakistan about handing over the next instalment in a loan programme that has been running since November 2008. IMF Managing Director Dominique Strauss-Kahn, after meeting with Pakistani Finance Minister Abdul Hafeez Shaikh, said the talks were “progressing” and that $1.7 …

US President Barack Obama met Israeli Prime Minister Benjamin Netanyahu in the first of a series of meetings Wednesday with leaders from the Middle East as he relaunches the peace process. Netanyahu arrived at the White House for the private meeting with Obama that precedes separate Obama meetings with Palestinian President Mahmoud Abbas, Jordan’s King Abdullah and Egyptian President Hosny Mubarak. Obama is expected to deliver a statement following …

A benchmark index for Indian equities crept up in afternoon trade Thursday to rule at 76 points higher, having been range-bound in the morning session. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,194.78 points, was at 18,255.97 points, 76.33 points or 0.42 percent up from its previous close at 18,179.64 points. At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was ruling 0.41 …

It will be happy news to all the fans of Jr. NTR. Producer Dil Raju is planning to release the audio of NTR’s much waited anticipated latest upcoming flick ‘Brindavanam’ on August 28th and the film is expected to release in September last week or October first week. Aditya music is going to release the audio into market. The film has completed its entire shooting except for few songs. One of the songs is being canned today that was choreographed …

Major US stock indices declined Wednesday after government data showed consumers were reluctant to take on more debt, and Federal Reserve Chairman Ben Bernanke hedged his bets on economic recovery. “The economy seems to have stabilized and is beginning to grow again,” Bernanke said in a speech from Dallas, Texas. “But we are far from being out of the woods.” Bernanke cited high unemployment, rampant home foreclosures and poor credit access for …

The US economy seems to be recovering but it is “far from being out of the woods,” Federal Reserve Chairman Ben Bernanke said Wednesday. In prepared remarks to business people in Dallas, Bernanke said that the financial crisis, the worst one since the Great Depression of 1930s, looks to “be mostly behind us.” “The economy seems to have stabilized and is beginning to grow again,” he said. “But we are far from being out of the woods.” Many Americans …

Bollywood answer to Greek Gods in looks, Hrithik Roshan and his better half Sussanne have joined hands to heal the world and make it a better place. The lovely couple has come together for the first time to endorse a concept, which is close to their heart and involves their little children. Hrithik Roshan has banked both his children's cord blood stem cells with LifeCell International, India 's pioneer stem cell banking company. Hrithik has come …

Hollywood filmmaker Jon Landau, who co-produced 3D sci-fi “Avatar”, has praised Lowry Digital, a subsidiary of Reliance MediaWorks Ltd, for enhancing live-action scenes in the film. “Lowry Digital’s innovative digital image processing helped us create the wholly immersive world that Jim (director James Cameron also co-producer of the movie) imagined. We brought Lowry in to clean up and enhance live-action scenes where necessary, allowing us to …

New Delhi, Dec 16 (ANI): Dissenting the proposed merger of the State Bank of Indore with its parent State Bank of India (SBI), the bank employess have gone on a one-day nation wide strike today disrupting the normal banking operations. AIBEA General Secretary C H Venkatachalam said, the bank employees belonging to All India Bank Employees'' Association (AIBEA) and All India Bank Officers'' Association (AIBOA) have on a day''s strike refusing to …

PVR Pictures limited which is the film production and distribution branch of the parent company PVR Limited has signed agreements with ICICI Venture Funds Management Company Private Limited and JPMorgan Global Special Opportunities Group, one of JPMorgan Chase Bank N.A's private equity arms for the investment of Rs.1.2.billion in the company. The deal was signed as part of PVR Picutres Limited's major expansion plans. Both JPMorgan and ICICI Venture …