New Delhi: Five global financial services majors, including Morgan Stanley, Stanchart and Citi, have lowered India's growth prospects to 5.7-6.4 per cent for the current fiscal, a day after markets received a "shock" from nine-year low GDP growth of 6.5 per cent for 2011-12. In their reports to clients worldwide, most of them blamed policy inaction by the government as a major roadblock to the Indian economy, which had expanded...
12:39 AM, Jun 02, 2012
Neeraj Swaroop Age: 53 years Designation: Was regional chief executive, India & South Asia at Standard Chartered Bank. He is now the regional chief executive for South East Asia (excluding Singapore) Education: IIT, Delhi and MBA from IIM Career: Worked at Unilever, India, HDFC Bank and Bank of America Interests: Watching cricket, travelling, swimming Q. A lot of foreign banks have had issues in scaling up in India, but Standard...
08:42 AM, Mar 31, 2012
Mumbai: Ailing national carrier Air India on Tuesday decided to import aviation fuel directly to save cost, apart from taking a bridge loan facility worth $ 195 million (about Rs 1,000 cr) from Standard Chartered Bank India for two of its 27 Dreamliners to be delivered to it shortly. "The Air India Board, which met here (Mumbai) today, has decided to import aviation fuel directly. Towards, it has been decided...
09:04 PM, Mar 27, 2012
London: British teen band One Direction became the first UK group to enter the US Billboard 200 chart at number one on Tuesday. The band sold more than 176,000 copies of their debut album 'Up All Night', making chart history in the United States, with the record soaring straight to the top of the digital charts within minutes of its official release on March 13th, a statement from the band's...
02:33 PM, Mar 22, 2012
London: Liverpool's biggest sponsors criticized the club on Monday for their conduct during the fractious Premier League match against Manchester United that was marred by Luis Suarez's refusal to shake hands with Patrice Evra. The image of one of England's most successful teams took another battering on Saturday when Suarez snubbed Evra in a pre-match handshake at Old Trafford, re-igniting the racism row that flared up when the Ururguay forward...
05:18 PM, Feb 14, 2012
Los Angeles: British singer Adele stood her ground atop the Billboard album chart with '21' on Wednesday despite seven new entries vying for No. 1 this week, including stiff competition from country music singer Tim McGraw. '21', which has sold more than 6 million copies in the United States since its release in February 2011, notched its 18th week in the top spot of the Billboard 200 chart. Adele, who...
03:39 PM, Feb 03, 2012
New Delhi: Finding his government embroiled in controversies, Prime Minister Manmohan Singh came out in his government's defence, saying it is doing all it can to battle corruption. Speaking at the annual Chief Secretaries Conference, Singh said, "Last year I had stated that our government was committed to take all legal and administrative measures to curb corruption in public life. We have introduced a bill on Citizens' Charter which will...
12:24 PM, Feb 03, 2012
Los Angeles: British singer Adele's multi-platinum selling album '21' scored its 16th week at No. 1 on the Billboard 200 album chart on Wednesday, entering an elite list of only five albums to cross the that mark in the past 20 years. '21', which has been selling more than 100,000 copies each week for 33 weeks, joined the ranks of the soundtrack to the 1997 box-office phenomenon 'Titanic', Whitney Houston's...
12:20 PM, Jan 19, 2012
A record 38,700 people participated in the annual Mumbai Marathon on Sunday and as always the Kenyans and Ethiopians ran away with the medals. Laban Moiben of Kenya won the men's title while Netsa-net Abeyo of Ethiopia won in the women's categoray. India's Ram Singh Yadav's performance has helped him qualify for the London Olympics. Corporates and bollywood actors like Rahul Bose and Ashmit Patel also participated. ...
01:56 PM, Jan 15, 2012
This year too will see many strong contenders from the marathon-favourites Kenya and Ethiopia. ...
09:09 AM, Jan 15, 2012
New Delhi: The Central Bureau of Investigation (CBI) all set to file chargesheet against a judge of an Income Tax tribunal for colluding to pass favourable orders for a Chartered Accountants firm's clients. The CBI is said to have collected evidence that a member of the Income Tax Apellate Tribunal (ITAT) colluded with a Kolkata-based firm of chartered accountants SK Tulsiyan & Co. The CBI believes that the firm had...
09:35 AM, Jan 10, 2012
New Delhi: Several anti-corruption Bills have been introduced in Parliament by the Congress-led United Progressive Alliance Government including the Lokpal and Lokayuktas Bill 2011, which has been one of the major demands of Anna Hazare and his supporters. The second major legislation that will help the citizens of the country is the Right of Citizens for Time Bound Delivery of Services and Redressal of their Grievances Bill, 2011. While the...
08:15 PM, Dec 27, 2011
London: Popular social media site Facebook was the most searched for word on the internet during 2011 for the third year running, according to a new research. The social networking website topped the search charts in the US, accounting for over three per cent of all searches, which was a 46 per cent rise on the year, The Daily Telegraph online reported. Online measurement company, Experian Hitwise, compiled the data,...
04:23 PM, Dec 24, 2011
New Delhi: Team Anna on Wednesday night accused the government of "blatantly" defying Parliament by coming out with a separate grievance redressal bill when it has passed a resolution that such a provision will be part of Lokpal. The Anna supporters said the 'Right of Citizens for Time Bound Delivery of Goods and Services and Redressal of their Grievances Bill, 2011' was "impractical" and "fully centralised". In a statement, they...
10:57 PM, Dec 21, 2011
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