GROUPS

  • Australia's IAG to up stake in joint venture with SBI 13 hours 20 minutes ago

    Mumbai: Insurance Australia Group Ltd will raise its stake to the maximum allowed 49 per cent in a general insurance joint venture with State Bank of India, the lender said on Thursday, following rule changes in March IAG currently owns 26 per cent of SBI General Insurance, with SBI, India's largest...
  • SC notice to Essar group, Centre, CBI on plea seeking SIT probe into Essar email leak case 3 days ago

    New Delhi: The Supreme Court on Monday issued a notice to Essar group, Central government and Central Bureau of Investigation on an NGO plea seeking a court-monitored probe into Essar email leak case. The move came after a PIL sought a probe by an Special Investigation Probe into nexus between corporate...
  • BJP government cut funds to welfare schemes, favoured corporates: P Chidambaram 4 days ago

    Tamil Nadu: Senior Congress leader and former Union Finance Minister P Chidambaram has charged the BJP government with cutting funds to the tune of Rs 75,000 crore for various welfare schemes, including the noon meal scheme and Indira Group House scheme. "BJP government cut funds to the tune of Rs 75,000...
  • Kashmir rail project cost overrun at Rs 17000 crore March 18, 2015

    New Delhi: The Udhampur-Srinagar-Baramulla railway project has been delayed by over 16 years which would result in cost overrun of Rs 17,065 crore, Parliament was informed on Wednesday. The project is now expected to be completed by December 2018, in place of November 2002 as the initial commissioning target for the...
  • More than nuances, analytics means business in cricket, says CIO Sanjeev Kumar March 18, 2015

    Analytics has been the hot topic in business circles. CIOs are curious on what's new in analytics and how it will impact business outcomes. But given the ongoing ICC Cricket World Cup 2015, Firstpost reached out to one of the well-known CIO in the industry to understand how new analytics...
  • Nun gangrape case: Process of investigation is very slow, says Archbishop March 17, 2015

    Archbishop of Kolkata has questioned the slow pace of investigation in the nun gangrape case. "Process of investigation is very slow. Its been 48 hours and not a single arrest has been made. My appeal is that these culprits are arrested and justice should be granted," said the Archbishop. ...
  • Watch: All about the coal scam saga March 11, 2015

    CNN-IBN's Associate Editor Arunima explains the alleged conspiracy in the coal block allocation scam. ...
  • No officials, Birla pursued any unlawful means: Hindalco March 11, 2015

    New Delhi: After an NGO approached Supreme Court against Aditya Birla group flagship firm Hindalco on Wednesday for alleged fraud. The company said none of its officials, including Chairman Kumar Mangalam Birla had pursued any unlawful or inappropriate means to secure allocation of Talabira-II coal block in Odisha. Reacting to the...
  • IS shot teen recruit for allegedly spying on terror group for Israel March 11, 2015

    19-year-old resident of Jerusalem, Mohamed Musallam, was reportedly shot and killed by an ISIS child soldier in Syria for allegedly spying on the terror group for Israel. "ISIS lured Mohamed with money and cars. After he trained with ISIS, he discovered they had nothing," said the victim's father. ...
  • India's decision to ban Nirbhaya documentary has backfired: US group March 7, 2015

    New York: A prominent writers group in the US has said the Indian government's decision to ban the British Broadcasting Corporation documentary on the Delhi gangrape incident has "backfired" as attempts to suppress the film have given rise to a broader debate on issues of women's rights and freedom of...
  • Qatar Airways interested in more airline stakes, including IndiGo March 5, 2015

    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 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...
  • Muthoot Group welcomes Budget 2015, says government reaching out to poor March 2, 2015

    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 March 1, 2015

    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 March 1, 2015

    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 March 1, 2015

    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 March 1, 2015

    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 February 27, 2015

    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 February 27, 2015

    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 February 26, 2015

    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...