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  • Congress has double standards on corruption, accuses Modi 30-03-2014 11:30 PM

    New Delhi: In the run up to elections 2014, the battle is heating up and the war of words is intensifying. As leaders raise the pitch and parties try to trump each other over who has the moral right over fighting corruption, Narendra Modi at rallies across Maharashtra this Sunday...
  • 67th Armoured Regiment gets President's Standard 21-02-2014 05:32 PM

    The frontline 67th Armoured Regiment was honoured with the President's Standard here in recognition of its dedicated service for over four decades. A formation of roaring tanks took part in the parade commanded by Colonel B Ravi on the occasion as Army Chief General Bikram Singh bestowed the rare and...
  • Parliament to be adjourned sine die today 21-02-2014 11:02 AM

    New Delhi: 12:00 pm: 11:30 pm: Rajya Sabha adjourned till noon after uproar by Opposition parties demanding special economic package for seven backward states. 10:50 am: Parliamentary Affairs Minister Kamal Nath said that there is a possibility that the Parliament session could be extended. "Everything is possible. We will discuss...
  • Why vote on account won't move market needle 15-02-2014 08:51 PM

    The big cue investors will watch out for on Monday is the vote on account, though many market experts believe that it is likely to be a non-event for the stock market, reports CNBC-TV18. Here's why brokerages sees it as a non-event: ICICI Securities: There are no major expectations from...
  • Bahuguna not satisfied with educational standards in Uttarakhand 27-01-2014 11:09 PM

    Expressing dissatisfaction over the quality of education in Uttarakhand, Chief Minister Vijay Bahuguna on Monday asked teachers to understand their responsibilities and educate students in a manner which would enable them to survive in today's highly competitive world. "Educational standards in our state cannot be called satisfactory. Teachers will have...
  • Make milk adulteration punishable with life imprisonment: Supreme Court 05-12-2013 03:25 PM

    The Supreme Court on Thursday urged state governments to make necessary amendments to their laws to make production and marketing of adulterated milk an offence punishable with life imprisonment. The observation by an apex court bench of Justice KS Radhakrishnan and Justice AK Sikri came after taking note of Uttar...
  • Dow Jones average closes above 16,000 for the first time 22-11-2013 08:40 AM

    New York: The Dow Jones industrial average is closing above 16,000 for the first time as encouraging news on the job market pushes stocks higher. Applications for unemployment benefits dropped last week to the lowest level since September. The number of applications is close to where it was before the...
  • S&P says next government's agenda to determine rating 08-11-2013 09:52 AM

    Standard & Poor's said on Thursday it will review India's rating once a new government due to be elected next year lays out its policy agenda, reducing the prospect of a destabilising downgrade to below investment grade ahead of the polls. That could delay the next review until after May...
  • IBM asked to pay Rs 5357 crore outstanding income tax: Reports 03-11-2013 08:00 AM

    Mumbai: Indian tax authorities have asked IBM's local unit to pay Rs 5357 crore in outstanding income tax on fiscal 2009 revenue, media reported on Saturday. In an emailed statement, an IBM India spokeswoman confirmed the company had received a tax notice, but declined to comment on the amount of...
  • Best Bankers' Awards: Celebrating excellence in banking sector 06-10-2013 05:01 PM

    Top bankers come together for Best Bankers' Awards to celebrate excellence in banking sector. ...
  • Slowing economy may force Chidambaram to wield budget knife 03-10-2013 02:27 PM

    New Delhi: The finance minister may have to slice at least 200 billion rupees from government spending to prevent a budget blow-out, which could threaten to send the country's credit rating into "junk" status, two ministry officials said. P Chidambaram will make a final decision on whether to go ahead...
  • US: Stocks fall as government heads towards shutdown 01-10-2013 07:30 AM

    New York: Stocks fell on Monday as Wall Street worried that a budget fight in Washington could lead to an event far worse for the economy- a failure to raise the nation's borrowing limit. Investors pulled back from stocks as a budget standoff between Republicans and Democrats in Congress threatened...
  • Rocky road ahead for India: Standard & Poor's 28-08-2013 02:54 PM

    New Delhi: Global rating agency Standard and Poor's on Wednesday cautioned that large deficit economies including India could face more economic problems in the near term. "The road may be rocky in the near term, particularly for the largest deficit countries - India and Indonesia - but we don't think...
  • US defends study of blood transfusions for premature babies 24-08-2013 06:51 AM

    A government-supported study of blood transfusion levels in premature infants adheres to the highest ethical and clinical standards, the National Institutes of Health said this week in response to advocacy group Public Citizen, which has called for the study to be stopped. The Transfusion of Premature (TOP) trial aims to...
  • New steel import norms will dent capacity utilisation, say experts 13-08-2013 01:31 AM

    The recent government notification to ease steel import norms will not only increase inward shipment of the metal, but also add to woes of domestic firms battling demand slowdown, industry experts said on Monday. The industry called for an urgent review of the decision, saying the quality of domestic steel...
  • Standard Chartered renews sponsorship with Liverpool 19-07-2013 01:40 PM

    New Delhi: Liverpool Football Club and Standard Chartered Bank on Thursday announced a two-year extension to their main sponsor agreement. The bank signed up as the club's main sponsor in July 2010 appearing on the front of the 'Reds' shirt for the last three seasons. The partnership has now been...
  • Kunal Kapoor: Make India a cruelty-free cosmetics zone 11-07-2013 11:34 AM

    New Delhi: Bollywood actor Kunal Kapoor has used the dying telegram service to urge the government to ban the import and sale of cosmetics that are tested on animals. The Bharat Sanchar Nigam Ltd. (BSNL) has decided to discontinue the 160-year-old telegram service on July 15. Kunal did a good...
  • Bangladesh tells EU it will boost worker rights, inspections 09-07-2013 03:20 AM

    Geneva: Bangladesh pledged on Monday to quickly boost worker rights and recruit more factory inspectors as it seeks to preserve European Union trade benefits after 1,129 workers were killed in the collapse of a garment plant in April. The EU, which gives preferential access to Bangladeshi garments, has threatened punitive...
  • Swiss bank UBS to exit banking business in India: Source 22-06-2013 06:47 PM

    Mumbai: Swiss bank UBS AG will surrender its Indian banking license and close its banking unit, covering fixed income, forex operations and credit services, a source with direct knowledge of the matter said on Saturday. However, UBS will continue its corporate client service business, which includes mergers and acquisitions, equities...
  • Is the violation of banking norms far more widespread than believed? 18-06-2013 11:32 PM

    After the Reserve Bank of India (RBI) fined ICICI, HDFC and Axis banks for flouting customer norms, highlighted by a Cobrapost expose, the latest sting operation by the online magazine exposes how some employees in two foreign banks in India have also been involved in accepting black money and agreeing...
  • StanChart, HSBC officials caught on camera offering to launder money 18-06-2013 10:00 PM

    New Delhi: After the Reserve Bank of India (RBI) fined ICICI, HDFC and Axis banks for flouting customer norms, highlighted by a Cobrapost expose, the latest sting operation by the online magazine exposes how some employees in two foreign banks in India have also been involved in accepting black money...
  • Ranbaxy case: Should Indian patients worry over sub-standard drugs? 05-06-2013 02:26 PM

    Mumbai: India exports drugs worth more than 15 billion dollars every year, a majority of which are US-bound. Questions are being raised about the standards and quality, after Ranbaxy's whopping 500 million dollar settlement with the US government. The generic drugs in question were manufactured at Ranbaxy's plants in Paonta...
  • Goa to launch drive against sub-standard stationers 02-06-2013 05:26 AM

    Panaji: The Goa government will launch a special drive, before the new academic year begins later June 2012, against stationary shops selling sub-standard items to students, an official said on Saturday. "We have received complaints from parents that stationary shops are violating the packaged commodity rules. The drive is our...
  • Morgan Stanley to sell Indian wealth management unit 20-05-2013 02:44 PM

    Mumbai: Morgan Stanley said on Monday it has signed an agreement to sell its Indian wealth management unit to Standard Chartered. Financial terms of the deal were not disclosed. "Morgan Stanley will work closely with Standard Chartered over the coming months to ensure a smooth transfer of our wealth management...
  • S&P affirms negative outlook on India 17-05-2013 04:12 PM

    Mumbai: Ratings agency Standard & Poor's affirmed India's sovereign rating at 'BBB-minus' with a 'negative' outlook, reiterating there was a one-in-three chances of a ratings downgrade over the next 12 months, a statement said on Friday. S&P said the government's ability to prop up investment growth remained uncertain. The ratings...
  • HSBC may cut 14,000 more jobs as revenue faces pressure 15-05-2013 08:10 PM

    London: HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs, but Europe's largest bank was forced to soften a key performance target in the face of muted revenue. London-headquartered HSBC is seeking up to $3 billion in additional annual savings by 2016, on top of $4 billion...
  • News broadcasting fraternity condoles death of JS Verma 23-04-2013 10:50 AM

    New Delhi: News broadcasting fraternity on Monday condoled the death of Justice (Retd) JS Verma who passed away after a brief illness. Justice Verma was appointed the first Chairperson of the News Broadcasting Standards Authority (NBSA), a self- regulatory body set up by News Broadcasters Association on October 2, 2008....