FOREIGNERS

  • 2 sackings and different situations: Sujatha Singh is not Venkateshwaran and 2015 is not 1987 3 hours 26 minutes ago

    "We might flatter ourselves that we are doing something extremely valuable for the country, but unless it is also perceived as such by our countrymen, they might well conclude our contribution is not worthwhile..." The above is an extract from a letter dated April 30, 1986. sent by AP Venkateswaran to...
  • Sushma Swaraj was not in favour of sacking Sujatha Singh, say sources 3 hours 30 minutes ago

    New Delhi: External Affairs Minister Sushma Swaraj was not in favour of "curtailing" Sujatha Singh's tenure as the Foreign Secretary of India, say sources. The sacking of Sujatha Singh, who was to retire in July, is one of the reasons of tussle between her and National Security Advisor Ajit Doval. Sources...
  • Why Subrahmanyam Jaishankar is the best man for the job 4 hours 3 minutes ago

    A lot of hue and cry is being made about the rather abrupt manner in which the previous Foreign Secretary Sujatha Singh was curtailed of her services and her junior and Ambassador to the US, S Jaishankar was appointed in her place. And that too, just a couple of days...
  • Subrahmanyam Jaishankar takes charge as Foreign Secretary amidst controversy 5 hours 17 minutes ago

    New Delhi: Even as Subrahmanyam Jaishankar on Thursday took charge as the new Foreign Secretary of India after the Central Government sacked his predecessor Sujatha Singh, the move is likely to lead to discontent among several senior Indian Foreign Service officers. Jaishankar, who turned 60 on January 9, was due...
  • Rupee down 7 paise against dollar in early trade 5 hours 47 minutes ago

    Mumbai: The rupee fell by seven paise to 61.48 against the dollar in early trade on Thursday at the Interbank Foreign Exchange due to appreciation of the Greenback against other currencies overseas. Dealers attributed the fall to the dollar's gains against other currencies overseas and month-end demand from importers for the...
  • Who is new Foreign Secretary S Jaishankar? 17 hours 27 minutes ago

    New Delhi: S Jaishankar, who on Wednesday was appointed as the new Foreign Secretary, replaces Sujatha Singh on the post. He was the Ambassador to the US, having been appointed in December, 2013. Jaishankar's performance as the Indian Ambassador to the US has catapulted him to the post of the coveted...
  • Pakistan opposes US support for India's bid to UN Security Council Yesterday

    New Delhi: A day after US President Barack Obama assured that they will push for India's permanent membership in the United Nations Security Council, Pakistan has opposed the bid. Pakistan's Adviser on National Security and Foreign Affairs Sartaj Aziz said US support for India's permanent seat in the UNSC...
  • Rupee edges higher against US dollar at 61.41 2 days ago

    Mumbai: The Indian rupee on Tuesday ended marginally higher against the American currency at 61.41 amid volatile trading on the back of a higher dollar overseas. Earlier, the rupee resumed lower at 61.50 per dollar as against last Friday's close of 61.42 at the Interbank Foreign Exchange market. It then declined...
  • Rupee gains 9 paise against dollar in early trade January 21, 2015

    Mumbai: The rupee strengthened by 9 paise to 61.60 against the US dollar in early trade, extending its rising streak for the fifth straight day at the Interbank Foreign Exchange on selling of the US currency by exporters and banks. The rupee settled two paise higher at 61.69 against the...
  • Rupee up 2 paise against US dollar at 61.69 January 20, 2015

    Mumbai: The Indian rupee on Tuesday gained 2 paise against the dollar at 61.69 with banks and exporters selling the US currency amid sustained capital inflows in view of strong equity markets, extending gains for the forth day in succession. The rupee resumed lower at...
  • Why 2015 will be defining year for India January 16, 2015

    New Delhi: If there were an annual prize for the "World's Most Hopeful Economy," it would likely go to India. After years of disappointing returns, the world's largest democracy rediscovered vigor in 2014. Stocks rose by a third; foreign investment grew by a quarter; the economy at one stage expanded...
  • Rupee rises to over 1-month high, up 19 paise Vs US dollar at 61.87 January 16, 2015

    Mumbai: The Indian rupee on Friday appreciated for the second straight session and rose 19 paise to log its over one-month closing high of 61.87 against the Greenback following sustained dollar selling by exporters and capital inflows in local shares. However, a strong dollar overseas after Switzerland's unexpected move to lift...
  • 'Leviathan,' Ida' among Foreign-Language Oscar contenders January 15, 2015

    London: Five movies that tackle the cruelties of existence with humanity and humor are finalists for the Academy Award for best foreign-language film. The finalists announced Thursday include director Andrey Zvyagintsev's "Leviathan," a tragic parable of small-town Russian corruption; Pawel Pawlikowski's "Ida," in which an aspiring Polish nun confronts dark truths...
  • Rupee snaps five-day uptrend vs US dollar January 14, 2015

    Mumbai: The Indian rupee on Wednesday snapped its five-day uptrend against the greenback, ending four paise lower at 62.18 on fresh dollar demand from banks and importers in view of fall in crude oil prices. The rupee resumed higher at 62.08 per dollar as against the last closing level of 62.14...
  • SC allows Sahara group's proposed loan transaction from abroad for raising funds January 9, 2015

    New Delhi: In a relief for Subrata Roy, the Supreme Court on Friday allowed the Sahara Group to go ahead with its proposed loan transaction from abroad for raising funds to ensure release of Subrata Roy from jail. As per court's directions Sahara Group will have to seek permission from Reserve...
  • Rupee up 9 paise against dollar in early trade January 8, 2015

    Mumbai: The rupee strengthened by 9 paise to 63.08 against the dollar in early trade at the Interbank Foreign Exchange on increased selling of the US currency amid a higher opening in domestic equity market. Forex dealers said besides continued selling of the American currency by exporters and banks, a higher...
  • Rupee logs best gain in 3 weeks, up 40 paise vs US dollar January 7, 2015

    Mumbai: Bucking the weak trend in stocks, the Indian rupee on Wednesday bounced back by 40 paise in its sharpest single-day gain in three weeks to end at 63.17 against the Greenback on fresh dollar selling by exporters and some banks. Besides, talk of foreigners buying domestic debt also helped the...
  • Rupee falls 16 paise Vs US dollar to over one-week low on weak stocks January 6, 2015

    Mumbai: Tracking a steep fall in local share market, the Indian rupee on Tuesday washed out initial gains and ended with a loss of 16 paise at over-one week low of 63.57 against the Greenback. Besides, the euro sank against the dollar to the lowest level in nearly nine years...
  • Financial institutions asked to register for FATCA by Wednesday December 30, 2014

    New Delhi All Indian financial institutions with exposure to the US will have to register by Wednesday with the American tax authorities to avoid a hefty penalty tax of up to 30 per cent under the new Foreign Accounts Tax Compliance Act (FATCA). While it has extended the deadline for signing...
  • Cabinet approves easing FDI norms for medical devices business December 24, 2014

    New Delhi: The Union Cabinet on Wednesday approved liberalising foreign direct investment (FDI) policy for the cash-starved medical devices sector. The proposal to relax the policy was considered and approved, sources said after the meeting of Union Cabinet headed by Prime Minister Narendra Modi. This is expected to help attract...
  • Rupee loses 23 paise against dollar at 63.51 against dollar December 24, 2014

    Mumbai: Month-end dollar demand from oil companies and persisting selling by foreign funds in stocks dragged the rupee down by 23 paise to 63.51 at close against the US currency on Wednesday. At the Interbank Foreign Exchange (Forex) market, the rupee commenced lower at 63.43...
  • Nine films advance in Oscars shortlist for Best Foreign Film December 20, 2014

    Los Angeles: The list of contenders for best foreign film got a bit smaller Friday as the Academy of Motion Pictures Arts and Sciences announced the nine features that will advance to the next round of voting. Included are Ruben Ostlund's patriarchy-skewering avalanche film "Force Majeure" from Sweden, Andrey Zvyagintsev's "Leviathan,"...
  • Australia's foreign affairs department evacuated over suspicious package: police December 16, 2014

    Sydney: Australia's Department of Foreign Affairs and Trade in the capital, Canberra, was evacuated on Tuesday after a suspicious package was found in the building's canteen, police said. Australia is on high alert after heavily armed police stormed a Sydney cafe early on Tuesday morning and freed terrified hostages being held...
  • Rupee recovers after hitting over 10-month low, ends at 62.29 vs dollar December 12, 2014

    Mumbai: The Indian rupee on Friday fell to over ten-month low of 62.50 against the greenback but bounced back to end at 62.29 on selling of dollars by state-run banks on behalf of the RBI. The rise on Friday helped the rupee snap four days of decline where it cumulatively lost...
  • Nagraj Manjule's 'Fandry', Geethu Mohandas's 'Liar's Dice' out of Golden Globe race December 12, 2014

    Los Angeles: Acclaimed Indian films "Fandry" and "Liar's Dice", which were among the 53 motion pictures approved for Golden Globe consideration in the foreign language category, are not part of the final nomination list for the 72nd edition of the awards ceremony. Nagraj Manjule's Marathi film "Fandry", revolving around an "untouchable"...
  • Rupee tumbles to 10-month low vs dollar, down 31 paise at 62.33 December 11, 2014

    Mumbai: The rupee on Thursday plummeted to 10-month low of 62.33 versus the greenback, down 31 paise, on strong dollar demand due to oil firms stepping up purchases of crude oil trading near 5-year lows and a weak trend in shares. Logging its fourth consecutive session of decline, the local currency...
  • Cabinet approves Insurance Bill, Rajya Sabha may take up next week December 10, 2014

    New Delhi: The Cabinet on Wednesday night approved the insurance amendment bill with a composite foreign investment cap of 49 per cent for presenting it in Parliament, incorporating the changes suggested by a House panel. The Cabinet, headed by Prime Minister Narendra Modi, approved incorporation of amendments suggested by a Parliamentary...
  • Arun Jaitley promises 'civilised' tax regime to attract investment December 10, 2014

    New Delhi: India will soon raise the foreign investment cap in insurance sector and work for making the tax regime "civilised" to attract overseas investments, Finance Minister Arun Jaitley on Wednesday said while exuding confidence of achieving 6 per cent growth next fiscal. Underlining that growth would...
  • Parliamentary committee recommends 49 per cent cap on foreign investment in insurance December 10, 2014

    New Delhi: A Parliamentary Committee has recommended a composite cap of 49 per cent on foreign investment in insurance in a report tabled in Rajya Sabha on Wednesday. The Select Committee report said that the cap on foreign investment in insurance include foreign direct investment and foreign portfolio investments. The Congress has...
  • Live: Uproar in Lok Sabha over objectionable remarks by TMC leader Kalyan Banerjee against PM Modi December 10, 2014

    After a delay of almost seven years, the legislative approval to hike foreign direct investment in insurance sector from 26 per cent to 49 per cent may finally come from Parliament. The Select Committee on the Insurance Bill will submit its report to the Rajya Sabha on Wednesday. ...