World Business News

Greece moved quickly to appoint a new finance minister Tuesday, one day after Vassilis Rapanos turned in his resignation due to health reasons.

Estimates of revenue losses, or under-recoveries, of oil marketing companies for the current financial year have declined 22 per cent, compared with estimates at the beginning of 2012-13.

Four years after investors shot down restructuring of Vedanta Resources Plc, Anil Agarwal, executive chairman of the Vedanta Group, is second time lucky, as he has managed to convince shareholders to approve the merger of Sesa Goa Ltd and Sterlite Industries India Ltd, two group companies.

A new water pump has been unveiled in Kiambu to boost farming. The water pump, introduced by Farmlink Africa, is fitted into a motorbike.