GROUPS

  • Qatar Airways interested in more airline stakes, including IndiGo Yesterday

    Berlin: Qatar Airways would like to raise its stake in the owner of British Airways and Iberia at some point and may invest in other well-run airlines, its chief executive said on Wednesday. Qatar Airways bought a 9.99 per cent stake in International Consolidated Airlines Group (IAG) in January, aiming to...
  • Sahara defaults on loan taken by Bank of China, prompts legal action 3 days ago

    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...
  • Muthoot Group welcomes Budget 2015, says government reaching out to poor 3 days ago

    New Delhi: The corporate sector welcomed the first full-fledged Budget of the Narendra Modi government presented by Finance Minister Arun Jaitley on February 28. The government has reduced the corporate tax from 30 per cent to 25 per cent for four years. Welcoming the Budget, The Muthoot Group Chairman MG...
  • Top NRI industrialists say budget lays road map for growth 4 days ago

    London: Leading NRI industrialists have given a thumbs up to India's 2015-16 Budget, saying it would improve investment climate and laid a clear roadmap for placing the country on a double-digit growth trajectory. The Hinduja brothers who run the multi-billion dollar global business empire covering automotive, IT, trading, oil, banking...
  • Low-cost housing sector flay Budget 4 days ago

    Mumbai: The Budget has failed to offer any incentives to the affordable housing sector which is already facing risks in form of high costs and low margins, industry leaders said. "The Budget is disappointing. The affordable housing sector was expecting that the Narendra Modi government, like last time, would extend...
  • PIL in Allahabad High Court on whereabouts of Rahul Gandhi 4 days ago

    Lucknow: A local lawyer on Sunday filed a public interest litigation (PIL) in the Lucknow bench of Allahabad High Court seeking to know the whereabouts of Congress leader Rahul Gandhi who has taken a sabbatical. Petitioner Ashok Pande said he deemed it necessary for the safety of Gandhi, Congress Vice-President and...
  • J&K CM Mufti Sayeed credits Pakistan, Hurriyat, terrorists for peaceful polls; BJP in a tight spot 4 days ago

    Jammu: It is a statement that is surely going the hackles in the Bharatiya Janata Party, Jammu and Kashmir Chief Minister Mufti Mohammad Sayeed on Sunday called for a dialogue with Pakistan while crediting the neighbouring, Hurriyat Conference and terror groups for providing a conducive environment for the five-phased Assembly...
  • Hindu group reconverts 10 people, says won't stop untill Christians and Muslims stop conversion 6 days ago

    Chennai: A fringe Hindu outfit in Chennai claims to have reconverted ten people from Christianity and Islam to Hinduism. The Bharat Hindu Munnani claims they have reconverted at least 50 people in the recent past back to their religion. They say they were brainwashed and converted to other religions....
  • German consumer groups warn Facebook over data protection 1 week ago

    Berlin: German consumer groups say they will file a lawsuit against Facebook unless the social network changes its terms of service. The Federation of German Consumer Organizations said it has sent a cease-and-desist letter to Facebook's European headquarters in Ireland. The letter cites 19 clauses in the company's terms of service and...
  • India bans ISIS under Unlawful Activities (Prevention) Act 1 week ago

    New Delhi: Dreaded terror group ISIS and all its affiliate organisations, responsible for series of savage attacks and killings in Iraq and Syria, have been banned in India under the Unlawful Activities (Prevention) Act. Recruitment of youths to the outfit from India and their radicalisation is a matter of serious concern...
  • Budget 2015: Muthoot Group chairman expects measures for reinstating gold loan under priority sector February 21, 2015

    New Delhi: The upcoming Union Budget is very crucial in terms of bringing the Indian economy back on growth track; curb the fiscal deficit and creating an investment friendly environment. Many industrialists are having high hopes from the Modi budget which will be presented in the parliament on February 28. Muthoot Group...
  • US teen indicted for joining ISIS February 20, 2015

    Washington: A US teen has been indicted on charges of joining the ISIS, the terrorist organisation that has captured a large part of Syria and Iraq and has threatened regional peace. Hamza Ahmed, 19, is at least the fourth person from the Twin Cities of Minneapolis charged as a result of...
  • Additional spectrum case: 2G court to hear arguments from March 4 February 19, 2015

    New Delhi: The special 2G court would start hearing from next month arguments on framing of charges in the 2002 additional spectrum allocation case, in which CBI has chargesheeted former Telecom Secretary Shyamal Ghosh and three telecom firms. Special CBI Judge OP Saini fixed the matter for March 4 to...
  • Tatas see Rs 2,500 crore revenue from defence, aerospace in FY'15 February 18, 2015

    Mumbai: The Tata group on Tuesday said it is expecting over Rs 2,500 crore revenue from defence and aerospace sectors in the current financial year. "Defence and Aerospace is a focus area of the Tata group. Their expected revenue from the sector for FY'15 is over Rs 2,500 crore (over $400...
  • Muslim group demands SIT probe into 1992 Ayodhya riots in Uttar Pradesh February 17, 2015

    Uttar Pradesh: A Muslim group has asked the Uttar Pradesh government to set up Special Investigation Team (SIT) to probe the 1992 Ayodhya riots post Babri mosque demolition. The demand has come after Akhilesh Yadav-led Samajwadi Party government announced an additional compensation of Rs 5 lakh to the victims of 1984...
  • 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...
  • Online travel agency Expedia to buy rival Orbitz for $1.33 billion February 13, 2015

    Online travel company Expedia Inc said on Thursday that it would buy Orbitz Worldwide Inc for about $1.33 billion in cash to bring on the rival's programmers and widen its customer base. While Expedia and larger rival Priceline Group, have embarked on acquisitions sprees to dominate the online travel business, three...
  • After appalled PM tweet, supporters pull down 'Modi Temple' February 12, 2015

    Rajkot: As a "saddened and appalled" Prime Minister Narendra Modi on Thursday deprecated construction of a temple dedicated to him in his home state Gujarat, those behind the move demolished the structure. Members of the 'Om Yuva Group' and the locals pulled down the newly built temple three days before it...
  • ISIS steps up recruitment drive, offers help for signing up on social media February 12, 2015

    Washington: Stepping up its recruitment drive, terror outfit Islamic State launched an online guide to show potential recruits how to sign up. ISIS has been successful in recruiting potential jihadis from all over the world, mostly through social media. The group has released a 50-page guide book for prospective ISIS...
  • 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...
  • Alibaba's Jack Ma dethroned as China's richest man by Li Hejun, a solar energy entrepreneur: Report February 4, 2015

    Beijing: Alibaba Group Holding Ltd's Jack Ma is no longer China's richest man, according to a report on Tuesday, with the top spot snatched by Li Hejun, a solar energy entrepreneur whose Hanergy Holding Group Ltd has come under fire for its intragroup dealings. E-commerce tycoon Ma and his family slipped...
  • UN estimates 14,000 Nigerians fleeing to Chad after Boko Haram violence January 29, 2015

    Libreville: More than 14,000 people fleeing Boko Haram violence in northeast Nigeria have streamed into Chad since the beginning of 2015, according to a United Nations report on Thursday. The report by the UN's Office for the Coordination for Humanitarian Affairs (OCHA) put the daily arrivals rate at 774 and said...
  • Twitter launches new group chat and video features January 28, 2015

    San Francisco: Twitter on Tuesday began rolling out new group chat and video features as it worked to ramp up use of the one-to-many messaging service. "Private conversations on Twitter are a great complement to the largely public experience on the platform," product director Jinen Kamdar, whose handle is @jinen, said...
  • Japan PM slams 'despicable' Islamist execution threat January 28, 2015

    Tokyo: An angry Japanese prime minister on Wednesday slammed as "utterly despicable" an Islamist terrorists threat to kill both a Japanese hostage and a Jordanian pilot unless Amman releases a jihadi bomber. The clock was ticking towards the 24-hour deadline Islamic State group militants set in their latest chilling video, which...
  • Caution needs to be exercised on India's NSG inclusion: China January 26, 2015

    Beijing: China on Monday extended conditional support for India's Nuclear Suppliers Group membership bid but said "prudence and caution" needs to be exercised on the issue, a day after US President Barack Obama backed India's inclusion into the elite 48-member body. "We believe that such (an) inclusion should be conducive...
  • Ranji Trophy, Rd 7, Group B wrap: Sensational Wakhare helps Vidarbha thrash Gujarat January 24, 2015

    Off-spinner Akshay Wakhare bagged a career-best seven wickets 7 for 70 to run through Gujarat batting line-up in a sensational bowling display and set up Vidarbha's 120-run victory in their Ranji Trophy Group B match on Saturday. Gujarat were dismissed for just 175 in 70 overs in their second innings at...
  • Petition filed in US court to designate RSS as terror group January 22, 2015

    New York: A Sikh rights group has filed a lawsuit asking a federal court in New York to designate RSS as a "foreign terrorist organisation". The federal court in the Southern District of New York issued a summons for US Secretary of State John Kerry to respond to the suit...
  • World's largest satellite network in the works; aims to provide high-speed Internet access around the world January 20, 2015

    Washington: A firm backed by Virgin and Qualcomm is planning to launch the world's largest-ever satellite network to provide high-speed internet access around the world. The firm called OneWeb has received investment from Virgin Group and Qualcomm to launch a constellation of 648 micro-satellites into orbit. The satellites will provide low-latency, high-speed...
  • Britain warns India of possible terror attack by ISIS January 19, 2015

    New Delhi: Britain has warned India about possible attack by ISIS and said all efforts must be taken to check activities of the Middle-East terrorist group. British officials have conveyed this to their Indian counterparts at the Indo-UK Counter Terrorism Joint Working Group meeting held in London on January 15-16. Officials said...