New Delhi: Bringing cheer to the government struggling to arrest rupee's slide, global rating agency Fitch on Wednesday revised India's sovereign credit outlook to stable from negative. Taking note of the government's efforts to contain fiscal deficit, Fitch Ratings revised India's Outlook to Stable from Negative and affirmed 'BBB-' rating. "The revision of the Outlook to Stable reflects the measures taken by the government to contain the budget deficit, including...
05:05 PM, Jun 12, 2013
New Delhi: At a time, the Janata Dal United is exploring other options in Bihar away from the Bharatiya Janata Party, the Congress seems to be hinting that it is willing to welcome Bihar Chief Minister Nitish Kumar for an alliance. Parliamentary Affairs Minister Kamal Nath on Wednesday said, "All secular parties are welcome within the UPA." He also said that there will be no early elections. Congress leader Rajiv...
03:22 PM, Jun 12, 2013
New Delhi: India sent Venezuela crashing out of the WSF Men's World Team Squash Championship to set up an exciting pre-quarterfinal clash against Hong Kong in Mulhouse, France. After upsetting strong contenders Argentina and Finland on consecutive days, India clinched pole position in Pool 'H' after dispatching 25/28th seed Venezuela 3-0 in the final qualifying round of the biennial World Squash Federation event taking place in France for the first...
02:07 PM, Jun 12, 2013
Competitive training in Europe, anti-corruption education, experience of playing without seniors and fitness to match the best - Indian men's hockey team couldn't have asked for better all-round preparation to launch their quest to qualify for the 2014 FIH World Cup. The key to unlock the World Cup door lies with the FIH Hockey World League (HWL), where six top finishers from the two eight-team semi-finals will gain entry to...
01:45 PM, Jun 12, 2013
New Delhi: A deeply divided government is now ready to push for an ordinance on Food Security in Cabinet on Wednesday. This despite strong opposition coming in from key ally and NCP chief Sharad Pawar and Food Minister KV Thomas. But an ordinance is being seen as the only way out as the Congress is getting ready for a possible pullout by the SP soon. The Congress is getting prepared...
01:01 PM, Jun 12, 2013
New Delhi: The industrial production growth has slipped to 2 per cent in April on account of dismal performance of manufacturing, mining and power sectors coupled with lower output of capital goods. The factory output measured in terms of index of industrial production (IIP) had seen a contraction of 1.3 per cent in April last year, according to official data released in New Delhi on Wednesday. Meanwhile, the IIP growth...
11:10 AM, Jun 12, 2013
Mumbai: Raing agency Fitch has revised India's rating from negative to stable. Fitch has said that fiscal deficit targets will be met, which will strengthen the rupee. The rupee on Wednesday gained 60 paise to close at 57.79 against the dollar after Fitch revised India's credit outlook. Also, heavy dollar selling by some big corporates and US dollar weakening against the euro overseas also aided the rupee, forex dealers said....
09:49 AM, Jun 12, 2013
New Delhi: An organisation called Forum to Engage Men conducts gender sensitization classes across rural India. Harish is a changed man today. For him, the phrase "man of the house" means something altogether different now. Not only does he help his wife with all chores around the house, he does so with his head held high. And Harish isn't alone. There is a part of a growing new breed of...
09:31 AM, Jun 12, 2013
Mumbai: Benchmark indices extended their losing streak on Wednesday as the latest macro-economic indicators showed that a decent recovery was still some way off. The dour April industrial output and May inflation readings offset cheer from the partial rebound in the rupee. The Sensex ended the day at 19041, down 102 points over its previous close, after touching a low of 18969. The Nifty finished at 5760, down 29 points...
09:00 AM, Jun 12, 2013
London: West Indies skipper Dwayne Bravo lamented his team's batting performance after India thrashed them by eight wickets in a Group B ICC Champions Trophy match at The Oval here on Tuesday. "Our batsmen have to take the blame for this," Bravo said. "Another 25 runs could have made a difference if the tail batted smarter," Bravo said, adding:"Most of us played bad shots at the wrong time and I...
08:13 AM, Jun 12, 2013
London: India's newest 'Man Friday' Ravindra Jadeja feels that secret of his success lies in "keeping things simple" which helped him get a career-best of five for 36 against West Indies in a group league of Champions Trophy on Tuesday. "This is my best bowling performance and I am very happy about it. I have had three four-wicket hauls, but this one is special. I just tried to keep things...
08:07 AM, Jun 12, 2013
New Delhi: Come July and you can book your train ticket by sending an SMS. Keeping an eye on the growing mobile phone market in India, IRCTC will launch SMS-based ticketing from July 1 and a dedicated number will be announced soon for this. Describing the step as environment-friendly as no print-out is required, a senior IRCTC official said "mobile- based booking provides the users ease and convenience of booking...
07:27 AM, Jun 12, 2013
Islamabad/New Delhi: Pakistan on Tuesday accused India of violation of its airspace but the Indian Air Force said it appeared to be a "technical violation" as its aircraft on a routine training sortie seemed to have flown close to the border. A Pakistan Air Force (PAF) spokesman said in Islamabad that two high speed Indian aircraft "violated Pakistani airspace by three nautical miles" at about 10.40 am in Attari-Fazilka sector....
04:35 AM, Jun 12, 2013
New Delhi: India said on Tuesday it would be "unacceptable" if it is discovered that Indian laws on privacy have been violated by the surveillance launched on web users worldwide by the US National Security Agency (NSA). "If it is discovered that Indian laws relating to privacy of information of ordinary Indian citizens have been violated we would find it unacceptable," external affairs ministry spokesperson Syed Akbaruddin said at a...
04:20 AM, Jun 12, 2013
New Delhi: President Pranab Mukherjee on Tuesday condoled the death of Congress veteran VC Shukla, saying the nation will remember his contribution and pursuit of excellence in public life. "A veteran Parliamentarian, able administrator and an outstanding statesman, Shri Shukla made valuable contribution to the growth of our nation in various capacities. The nation will remember his contributions and his pursuit of excellence in public life. "I had a long...
11:45 PM, Jun 11, 2013
New Delhi: The Supreme Court Tuesday said that admission to the under-graduate and post-graduate medical courses would be subject to the final outcome of the petitions challenging the Medical Council of India's decision requiring that candidates clear the National Eligibility Entrance Test. The apex court bench of Justice Gyan Sudha Misra and Justice Madan B Lokur said this on an application filed by NGO Sankalp, seeking direction that the private...
09:59 PM, Jun 11, 2013
New Delhi: Out of favour India opener Gautam Gambhir doesn't feel IPL's reputation has got a beating because of the spot-fixing and betting scandal, and said a "handful of wrong individuals doesn't carry the image of the entire sport". "A handful of people who do something wrong doesn't carry the image of the entire sport. There are still millions of people who wants to go out there and play the...
09:28 PM, Jun 11, 2013
New Delhi: A second year MBBS student allegedly committed suicide in ll India Institute of Medical Sciences (AIIMS) hostel here on Tuesday morning, hospital and police officials said. Himanshu Katara was found hanging from the ceiling in his hostel room in AIIMS campus at around 11:30 am by his two friends. According to an AIIMS statement, two of Katara's friends went to the backside of his room and peeped through...
08:15 PM, Jun 11, 2013
Cape Town: India are to play five one-day internationals in Zimbabwe in July and August. "The only issue that's left is the confirmation of the schedule which should be released as soon as the two boards have agreed on the dates," Zimbabwe Cricket's communications manager Lovemore Banda said on Tuesday. Three one-dayers have been pencilled in for Harare with the other two to be played in Bulawayo. ...
07:46 PM, Jun 11, 2013
Mumbai: In a roller coaster ride, the rupee on Tuesday hit life-time low of 58.98 against dollar but erased a major part of losses to close at 58.39 after RBI intervened in the forex market to stem the slide in the local currency that caused much concern to government, markets and common man. The rupee still closed 24 paise lower at 58.39 compared to Monday's close, extending losses for fifth...
07:18 PM, Jun 11, 2013
