According to a study, airport modernization programs are necessary to improve services. According to the study conducted by the aviation consultancy firm CAPA in partnership woth aviation IT solutions provider SITA, special provisions such as WiFi inflight, use of mobile devices, self-check in areas, biometrics and e-Passports should be implented in the new airports in India.

Banking regulators now are empowered to confiscate and break up a financial institution if bankruptcy would only hurt the economy.

Countries such as Libya, Syria and Afghanistan as well as African countries such as Mozambique have become prime targets for Indian investments.

The position of COO was created and an old hand resigns from the company, according to Athabasca Oil Corp announcement.

Pennzoil's "Mission: ABLE" program donated three vans to three veterans for their specialized needs.

Emerging markets cry foul over the continued inaction on 2010 reforms passed in the International Monetary Fund.

To protect itself from spy intrusions, Deutsche Telekom is instituting local routing of domestic traffic.

Investors seeking a higher violation for shares of OAO RN Holdings, a subsidiary of OAO Rosneft. Templeton Emerging Markets Group Chairman Mark Mobius said the OAO Rosneft offer to purchase shares in OAO RN Holding must be pegged above RUB67 or USD2.

Alitalia remains operational because of capital infusion from Il Poste and Italian banks. Poste's investment in Italia is a move to allow the airline to keep operating and keep itself searching for foreign partners without denigrating itself.

Tokyo Electric's debtors allow debt roll over for the stricken power utility firm. Twenty eight financial institutions, including Sumitomo Mitsui Banking Corp have agreed to roll nearly a JPY77 billion or USD783 million syndicated loan for Tokyo Electric Power Co due to become mature by month's end.