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  • Government is in talks with World Bank to raise capital: Suresh Prabhu 4 days ago

    In an exclusive interview with CNBC-TV18 Union Railway Minister Suresh Prabhu said the government is in talks with World Bank and other institutions to raise capital. ...
  • Supreme Court declines to hear PIL on developing new capital city of Andhra Pradesh March 20, 2015

    New Delhi: The Supreme Court on Friday declined to entertain a PIL questioning the decision to develop new capital city of Andhra Pradesh on the southern side of river Krishna near Vijayawada without adequate environment clearances. "Only at the time of construction activities, environment clearances are required and not before that,"...
  • Sahara defaults on loan taken by Bank of China, prompts legal action March 3, 2015

    New Delhi: In yet another development which will compound trouble for Sahara group, Bank of China may initiate legal action against it for defaulting on a loan, sources said. The sources also said Bank of China had financed Sahara's hotel buys for nearly $900 million. The development takes place even as...
  • Jose Mourinho praise small comfort for Mauricio Pochettino March 2, 2015

    It may have been of scant consolation to Mauricio Pochettino after his Tottenham Hotspur side had been soundly beaten at Wembley but his Chelsea conqueror Jose Mourinho believes the Argentine will go on to enjoy major success with Spurs. Following Chelsea's 2-0 triumph in the League Cup final on Sunday, Mourinho...
  • John Terry urges team-mates to replicate success of last decade March 2, 2015

    London: John Terry earned the 13th major winner's medal of his 20-year Chelsea career on Sunday with a commanding defensive performance and his first Cup goal, then urged his young team-mates to use the win over Tottenham as a springboard to more success. The 34-year-old central defender lifted the League Cup,...
  • Chelsea beat Tottenham Hotspur to win the Capital One Cup March 1, 2015

    London: Captain John Terry led Chelsea to their first trophy in two years on Sunday, scoring the opener in a 2-0 victory over Tottenham in the League Cup final. At the heart of Chelsea's defense still at 34, Terry helped to successfully contain Tottenham throughout the first half and then made...
  • Chelsea, Tottenham face-off in English League Cup final March 1, 2015

    Manchester: In the space of a few hours on Sunday, Chelsea could win its first trophy in Jose Mourinho's second spell as manager and take a big step toward capturing the Premier League title. The first piece of silverware in the English season is up for grabs when London rivals Chelsea...
  • Uinon Budget 2015: Fiscal stimulus averaging 1 per cent of GDP will be good, says Edelweiss February 25, 2015

    It's just a few days left for the Union Budget and expectations are running high. Nirav Sheth, head of sales & strategy - Wholesale Capital Markets - Edelweiss Financial Services, feels the market would be looking at the whole package and not just one or two key announcements. According to...
  • What India Inc wants: Top CEOs expectations from the Union Budget 2015 February 24, 2015

    In a roundtable discussion with CNBC-TV18's Shereen Bhan, consulting firm BMR's chairman Mukesh Butani, Phillips India MD Krishna Kumar, Shriram Capital chairman Arun Duggal and Jindal Steel and Power CMD Ravi Uppal discussed their expectations from finance minister Arun Jaitley's Union Budget that will be presented in Parliament this week....
  • Brokerages expect Budget to stay firm on fiscal consolidation February 24, 2015

    New Delhi: Expecting the upcoming Budget to stay firm on the fiscal consolidation roadmap, brokerage firms believe that higher allocation can be made for capital expenditure amid a sharp decline in oil subsidy bill. "We expect the government to continue on path of fiscal consolidation, budgeting for fiscal deficit of...
  • Sahara to take legal action against Mirach after deal collapse February 13, 2015

    Mumbai: Indian conglomerate Sahara said on Thursday it was taking legal action against US-based Mirach Capital Group after the collapse of talks between the two, intended to raise funds to pay the $1.6 billion bail of Sahara chief Subrata Roy. The talks involved a loan by Mirach secured against some of...
  • Working on another deal to raise funds to secure release of Subrata Roy: Sahara February 12, 2015

    New Delhi: Sahara said on Thursady that they are working on another deal to raise funds to secure the release of their chief Subrata Roy from Tihar jail. This came after the Supreme Court was informed that the proposed transactions for a loan of around US dollar 1,050 million from...
  • Compassionate capitalism & positive campaign won us Delhi, says AAP February 10, 2015

    The Aam Aadmi Party (AAP)'s landslide victory in Delhi is very exciting. I did not expect a victory of this scale. It is both surprising and extremely exciting. I can never forget this day. After quitting one of the IT majors in the World, Infosys, I joined the Aam Aadmi...
  • Sahara saga: Mirach Capital says 3 hotels can fetch maximum $1.67 billion February 8, 2015

    New York: As the blame-game continues over their floundered deal, US-based Mirach Capital has claimed that Sahara's three overseas hotels can fetch a maximum valuation of $1.67 billion (Rs 10,400 crore). These three iconic hotels -- The Plaza and Dream Downtown in New York and Grosvenor House in London -- were...
  • Government to infuse Rs 6,990 crore in 9 public sector banks; SBI leads the pack February 8, 2015

    New Delhi: The government will soon infuse Rs 6,990 crore in nine public sector banks including SBI, Bank of Baroda (BoB), Punjab National Bank (PNB) for enhancing their capital and meeting global risk norms. This is the first tranche of capital infusion for which the government had allocated Rs 11,200...
  • Sahara saviours deny fraud, say ready to buy company assets February 6, 2015

    Washington: Denying "unfounded" allegations of forgery, the US-based Mirach Capital Group has asserted that it remains "ready, willing and able" to buy Sahara assets, but its loan offer was no longer on the table. The syndicate of five UK and US investors, which had last month made a $2 billion loan...
  • Mysterious turn to Sahara's $2-billion deal, Bank of America denies any role February 6, 2015

    New Delhi: In a curious turn to crisis-ridden Sahara Group's efforts to raise funds to secure bail for its chief Subrata Roy, Bank of America has refuted claims of being a banker to the USD 2-billion funding offered by little known US-based entity Mirach Capital. "We are in no way...
  • FA charges Chelsea's Costa over stamp in Liverpool semifinal January 29, 2015

    London: Chelsea striker Diego Costa is facing a three-match ban after being charged on Wednesday by the English Football Association with violent conduct for stamping on an opponent during the League Cup semifinal win over Liverpool. The Spain international stamped on Emre Can's right ankle early in the game, but it...
  • Tottenham Hotspur set up League Cup final against Chelsea January 29, 2015

    Sheffield: Christian Eriksen added a late goal to his sublime early free kick to help Tottenham scrape a 2-2 draw with third-tier Sheffield United on Wednesday and secure a place in the League Cup final against Chelsea. Tottenham advanced 3-2 on aggregate and will play in their first cup final in...
  • Chelsea into Capital One Cup final after fiery win over Liverpool January 28, 2015

    London: Branislav Ivanovic headed Chelsea into the Capital One Cup final with a 1-0 victory over Liverpool on Tuesday, settling an enthralling semi-final in extra time. After a 1-1 draw in the first leg, Ivanovic rose to meet Willian's free kick in the 94th minute at Stamford Bridge to secure Chelsea's...
  • Townsend gives Tottenham Hotspur Cup edge over Sheffield United January 22, 2015

    Tottenham Hotspur needed a 73rd-minute Andros Townsend penalty to end the dogged resistance of visiting third tier Sheffield United and secure a 1-0 lead in their League Cup semi-final first leg on Wednesday. It had looked like being a frustrating evening for the Premier League side and four times winners, whose...
  • Sheffield United aiming to cut Spurs down to size January 21, 2015

    London: Sheffield United are aiming to beat a Premier League side for the fourth time this season when they meet Tottenham Hotspur in their Capital One (League) Cup semi-final on Wednesday and have no intention of going soft on their rivals. The League One (third tier) club knocked West Ham United,...
  • 'Don't think Sahara can pay off debts, expect to take control of hotels before time' January 21, 2015

    Mumbai: An investment vehicle lining up a $2 billion package to help bail the boss of India's troubled Sahara out of jail said it expects to ultimately take control of landmark hotel assets like New York's Plaza after the conglomerate fails to repay lenders. Saransh Sharma, a San Jose, California-based investor...
  • Capital One: Semifinal with Liverpool revives bitter memories for Jose Mourinho January 20, 2015

    London: Chelsea boss Jose Mourinho is still haunted by the Anfield "ghost goal" as he prepares for the first leg of the League Cup semi-final against Liverpool on Tuesday. Ten years after Luis Garcia's controversial late winner at Anfield sealed Chelsea's fate in the 2005 Champions League semi-final, Mourinho has another...
  • England beat ACT by 216 runs in Bell, Maxwell show January 14, 2015

    Canberra: England prepared for its one-day cricket Tri Series against Australia and India with an impressive 216-run win over Australian Capital Territory in a 50-overs warmup match Tuesday. England's first four batsmen - Ian Bell, Moeen Ali, James Taylor and Joe Root - and No. 6 Ravi Bopara all made half...
  • England get off to a winning start Down Under January 12, 2015

    England's new-look top order all scored half centuries as the tourists made a strong start to their trip Down Under for the World Cup with a thumping 216-run win over Australian Capital Territory XI on Monday. Eoin Morgan won the toss in his first match as captain since he replaced the...
  • Google Capital invests in Indian property website Commonfloor January 9, 2015

    New Delhi: Indian property search website Commonfloor.com has received funding from Google Capital, an equity fund backed by Google, the online portal said in a statement on Thursday. Commonfloor will invest the funds in product technology and marketing, the company's co-founder and chief executive officer, Sumit Jain, told Reuters. The companies did...
  • Second bomb hoax call in Gurgaon today December 18, 2014

    Gurgaon: A caller kept the Gurgaon police on its toes for the second day on Thursday with a call about a bomb planted at a shopping complex here which later turned out to be a hoax. The Arcadia shopping complex in South City on Sohna road was evacuated after the police...
  • Liverpool set up Capital One Cup semis with Chelsea December 18, 2014

    Liverpool will play Chelsea in the Capital One Cup semi-finals after Raheem Sterling netted twice in a 3-1 victory over second-tier Bournemouth on Wednesday, while Tottenham eased through with a 4-0 rout of Newcastle. Lazar Markovic scored between Sterling's first goals since September as Liverpool won on the south coast. Progress...
  • Chelsea, third-tier Sheffield United in Capital One semi-finals December 17, 2014

    Chelsea swept into the semi-finals of the English League Cup on Tuesday, joining third-tier Sheffield United in the last four after their shock win over Premier League side Southampton. Eliminated at the quarter-final stage in three of the previous four seasons, Chelsea made no mistake this time as goals by Eden...