Talks in Moscow on a possible funding lifeline from Russia to Cyprus ended without result, further cutting the island's options for raising the billions of euros it needs to find by Monday to avert a financial meltdown. ...
01:57 PM, Mar 22, 2013
The Communist Party of India (Marxist) on Thursday said the Central Bureau of Investigation (CBI) searches at Dravida Munnettra Kazhagam (DMK) leader MK Stalin's residence came within 24 hours after the party withdrew support to the UPA government and claimed it was a "clear signal" to the parties supporting the ruling dispensation. Senior party leader Sitaram Yechury also termed the agency as "Congress Bureau of Investigation". ...
08:35 PM, Mar 21, 2013
Cyprus considered nationalising pension funds and ordered banks to stay shut till next week to avert financial chaos after it rejected the terms of a European Union bailout and turned to Russia for aid. ...
07:40 AM, Mar 21, 2013
A panel of judges on Wednesday recommended the dissolution of Egypt's Muslim Brotherhood, the Islamist group from which President Mohammed Morsi hails, arguing it has no legal status. ...
06:18 AM, Mar 21, 2013
United Progressive Alliance's estranged ally Trinamool Congress chief Mamata Banerjee on Wednesday sprang a surprise by promising to support the Centre on whatever stand it took on Sri Lankan Tamils issue at the UNHRC. ...
08:00 PM, Mar 20, 2013
Targeting the government on the ongoing crisis over Sri Lanka issue, Bharatiya Janata Party leader Venkaiah Naidu on Wednesday said the UPA was on "ventilator". "The government is on ventilator, why is the Samajwadi Party supporting the government, it has to answer," he said. ...
07:30 PM, Mar 20, 2013
New Delhi: While DMK has pulled out of the UPA government, even Samajwadi Party which has been extending outside support to the ruling coalition has been playing hardball. The UPA government has been claiming that it is stable and there is no threat of elections taking place before the Lok Sabha terms ends. According to the IBN7 Political Editor Sukesh Ranjan, the President has the letters of support of the...
05:35 PM, Mar 20, 2013
acing acute financial crisis due to non-payment of salaries for the past 10 months, employees of Kingfisher Airlines are meeting here on Wednesday to protest their "total neglect and ignorance" by the company as well as the government and to decide their future course of action. ...
01:55 PM, Mar 20, 2013
A small island on the edge of Europe teetering under the weight of its bust banks. Sound familiar? Like Iceland and Ireland before it, Cyprus is battling to prevent an outsized and overextended banking sector from dragging the country into the ground. ...
06:55 AM, Mar 20, 2013
What about loan recovery from those other than Kingfisher?, wondered its promoter Vijay Mallya while taking a dig at bank chiefs in his tweet for their "constant speak" to media on getting back dues from the grounded airline. ...
05:30 AM, Mar 20, 2013
US stocks fell on Tuesday on uncertainty about how Cyprus will avoid a bankruptcy and possible reverberations in the euro zone as the region struggles to emerge from economic crisis. ...
01:02 AM, Mar 20, 2013
The Dravida Munnetra Kazhagam (DMK), the second biggest constituent of the ruling government, severed ties with the United Progressive Alliance (UPA) on Tuesday, but the move posed no immediate threat to the minority government, which said it is "stable and will continue to stay in power". The M Karunanidhi-led DMK, which, for days had been threatening to pull out from the UPA in protest against government not taking up its ...
11:58 PM, Mar 19, 2013
A plan to seize up to 10 per cent of savings accounts in Cyprus to help pay for a (EURO)15.8 billion ($20.4 billion) financial bailout was met with fury on Monday, and the government shut down banks until later this week while lawmakers wrangled over how to keep the island nation from bankruptcy. ...
06:35 AM, Mar 19, 2013
Stocks around the world and the euro fell sharply Monday as investors fretted over a plan to tax depositors in Cypriot banks as a way to partly fund a bailout of the Mediterranean island nation. Although Cyprus accounts for only around 0.2 per cent of the economic output of the 17 European Union countries that use the common euro, the tax on depositors was a significant policy shift that has...
05:45 PM, Mar 18, 2013
Opposition must keep their political differences aside and co-operate during the budget session commencing on Monday, Maharashtra Chief Minister Prithviraj Chavan said on Sunday. "The debate on drought and other important issues will be held during the session. Therefore, they (opposition) should co-operate," Chavan told reporters. ...
06:25 AM, Mar 11, 2013
Twenty eight Indian sailors held hostage by Somali pirates have been released. The sailors were on board two ships Merchant Tanker Royal Grace and Merchant Tanker Smyrni and 17 were on board the MT Royal Grace and 11 were on board the MT Smyrni. ...
03:12 PM, Mar 09, 2013
The Supreme Court has dismissed a petition filed by Kingfisher Airlines challenging the Karnataka High Court order directing it to pay over Rs 350 crores of tax deducted at source (TDS). The company contended in its petition that the amount due is much less than the demand made by the IT Department and the department had not given it a proper opportunity to hear its case. ...
03:02 PM, Mar 08, 2013
Venezuela has some of the biggest oil and natural gas reserves in the world and it is one of the top energy suppliers internationally. But oil production has plummeted under Hugo Chavez's 14-year rule. ...
07:29 PM, Mar 07, 2013
Bouthaina Shaaban, advisor to Syrian President Bashar al-Assad, said that the Syrian government was trying its best to resolve the situation. ...
07:22 PM, Mar 07, 2013
The number of Syrians who have fled their country since a deadly civil conflict erupted two years ago has hit one million, the UN's refugee agency said on Wednesday. "With a million people in flight, millions more displaced internally, and thousands of people continuing to cross the border every day, Syria is spiralling towards full-scale disaster," UN High Commissioner for Refugees Antonio Guterres said in a statement. ...
03:55 PM, Mar 06, 2013
