Nasdaq drops on Microsoft; Dow, S&P 500 flat

The Nasdaq fell on Friday following Microsoft Corp's disappointing quarterly results, but gains in pharmaceutical and energy shares held the Dow and the S&P 500 near break-even.

Starbucks to enter India within two years

Coffee chain Starbucks Corp plans to enter India within two years, a spokeswoman said on Friday.

EU to target chilli, basmati rice imports

Brussels, July 24 (DPA) The European Union (EU) is to step up border checks on imports such as chilli peppers, basmati rice from India and Pakistan and tomatoes from Turkey in a bid to keep EU consumers from food poisoning and cancer, the bloc's executive said Friday.

ITC discontent over land acquisition in Bengal

Kolkata, July 24 (IANS) Fast moving consumer goods major ITC Ltd., which has been scouting for land in West Bengal for quite some time has expressed its discontent over not getting land so far.

Wall St slips on results from Microsoft, AmEx

U.S. stocks fell on Friday, pressured by disappointing quarterly results in the tech sector and weak consumer sentiment data.

FACTBOX - U.S. bank lending to emerging Asia surges in Q1

As most of the developed world cut its exposure to emerging Asia, U.S. lenders stepped it up, pouring credit into economies with some of the best growth prospects, such as China, India and South Korea.

Bharti, MTN may extend merger talks - sources

Bharti Airtel and South Africa's MTN are expected to extend exclusive talks about a possible merger by at least two to three weeks, four sources familiar with the deal said on Friday.

Karnataka seeks 2,000 MW nuclear power plant

Bangalore, July 24 (IANS) The Karnataka government late Friday urged the Atomic Energy Commission (AEC) to set up a 2,000 MW greenfield nuclear power plant in the state to meet its growing demand for energy.

EXCLUSIVE - S.Africa says "devil in detail" on MTN/Bharti deal

South Africa's Treasury said on Friday it was broadly supportive of a tie-up between mobile phone operator MTN and Bharti Airtel but that the "devil is in the detail".

Land acquisition major impediment in infrastructure dev

New Delhi, July 24 (PTI) Land acquisition has held up about 130 infrastructure projects in the country, according to a report.

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