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In one of the most explicit signals yet of emergency lending to the financial markets and the most aggressive expansionary monetary policy coming to end, the Federal Reserve chaired by Ben Bernanke raised the rate charged to banks for direct loans; better known as the discount rate, by a 25 basis points to 0.75 per cent, with immediate effect.

Retail chain giant Wal-Mart Stores reported a 22 per cent increase in net profit at $4.63 billion for the fourth quarter, despite the decline in the US sales but it is supported by strong growth in its international sales and cost cutting measures taken during the quarter.

Company reported net earnings rise to $4.63billion against the $3.8 million for the same period of previous financial year and sales of the company recorded an increase of 4.6 percent over the year.

As the owner Escom failed to pay off its debts, Sex. com, the Internet's costliest address, is up for grabs.

In a 14million dollar deal Sex. com had changed hands only four years ago.

Labeled as the "jewel in the internet''s crown", the domain name of the site, will be auctioned on March 18. The auction will take place at law firm Windels Marx Lane & Mittendorf in New York.

Reports suggesting that the military was in any way involved in cyber attacks on Internet search giant Google were today dismissed by senior Chinese military experts and educators.

Two Chinese educational institutions - Lanxiang Vocational School based in Jinan, Shandong province and Shanghai Jiaotong University were linked to the online attacks that also targeted American corporations, by a report of The New York Times (NYT).

On the penultimate day of the Formula One team test programme, Adrian Sutil of Force India put in 69 laps and posted the seventh quickest time of 1 minute, 21.939 seconds.

In hugely improved weather conditions on Friday, Sutil took over the VJM03 and worked through a programme of long and short runs, weight distribution and race preparation.

In an attempt to increase awareness on terror following recent blast, Pune Police is reaching out to over four lakh students in the city.

"We want them to be alert all the time and inform us if they find anyone suspicious," said Satyapal Singh, Pune Police Commissioner.

Just in last three days, top cops have met with over 45,000 students from 70 colleges across the city.

The police will turn its attention to the IT sector after colleges.