World Business News

Exxon reported a 2% rise in fourth-quarter earnings Tuesday as higher oil prices offset declining production volumes.

NEW DELHI: The per capita income of Indians for the first time crossed the Rs 50,000-mark in 2010-11, although using current prices as the barometer. According to the revised GDP data for the last financial year, per capita income is estimated to have risen 16.9% to Rs 53,331 compared to Rs 46,117 in the previous year.

ADDIS ABABA: Africa will accelerate its infrastructure development and put in place related policies and laws to boost the integration process, said a document from the African Union (AU) at the end of its 18th summit here Tuesday.

Apple Inc (AAPL.O) has hired Dixons (DXNS.L) Chief Executive John Browett, who revived the British electronics retailer by emphasizing customer service, to lead the iPad maker's global retail expansion.