RBI CHANGES PRIORITY SECTOR LENDING NORMS
MUMBAI (TIP): The Reserve Bank of India has revised the priority sector lending norms which direct banks to lend to…
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(Update 12 minutes ago)DEUTSCHE BANK FINED RECORD $2.5 BILLION IN RATE RIGGING INQUIRY
LONDON/NEW YORK (TIP): US and British regulators fined Deutsche Bank$2.5 billion and its British subsidiary pleaded guilty to criminal wire…
Read MoreYES BANK READIES US LISTING PLAN
MUMBAI (TIP): Yes Bank is gearing up to become the third Indian bank to have its shares listed on American…
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India’s Land Acquisition Act: Bonanza for Rulers & their Financiers
India has a long history of its ruler’s fascination with farm land. Whether it was ancient Kings or Moghuls or…
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Indian-Origin Speed Trader Arrested in UK For Role in 2010 US ‘Flash Crash’
WASHINGTON: A high-frequency trader of Indian origin was arrested in the United Kingdom over charges he manipulated the futures market and…
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ARUN JAITLEY PUSHES US FOR TOTALIZATION PACT
NEW DELHI (TIP): Finance minister Arun Jaitley has urged US authorities to create a framework that would help Indian workers…
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Need $60bn a year to power growth: Suresh Prabhu
NEW DELHI (TIP): Railway minister Suresh Prabhu on Thursday said that the country needs around $50-60 billion in investment every…
Read MoreSuccessful Indian companies fuelling UK economy: Study
LONDON (TIP): The success of Indian companies is fuelling the British economy through job creation and high revenues, states a…
Read MoreOLA RAISES $400M, LED BY DST GLOBAL
MUMBAI (TIP): In one of the largest financing rounds for an Indian internet startup, taxi-hailing service Ola said it has…
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The German drum gone silent
The death of Günter Grass on Monday, April 13, a giant German writer of the post-World-War-II era, a novelist, playwright,…
Read MoreChina’s economic growth dips to six-year low
BEIJING (TIP): China's annual economic growth slowed to a six-year low of 7.0 per cent in the first quarter as…
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Google accused of abusing Internet search dominance: EU
The European Union's competition regulator on Wednesday accused Google of illegally abusing its dominance of the Internet search market in…
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Ban this, ban that – Intolerance growing in BJP-RSS regime
Days after Prime Minister Modi warned the judiciary of dangers posed by five-star activists, the Union Home Ministry cut off…
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US Opposes Former Goldman Sachs Director Rajat Gupta’s Plea to Reverse Conviction
NEW YORK: India-born ex-Goldman Sachs director Rajat Gupta's conviction on insider trading charges should not be thrown out as the government…
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MOODY’S UPGRADES INDIA RATING OUTLOOK TO POSITIVE
MUMBAI (TIP): Moody's ratings revised India's sovereign rating outlook to "positive" from "stable" on Thursday as it expects the actions…
Read MoreSEBI STRUGGLES TO SHIELD SAVERS FROM MORE SAHARAS
MUMBAI (TIP): As regulators try to contain one of India's most spectacular investment scandals, dozens of smaller but similar schemes…
Read MoreShell to buy BG for $70bn, take on Exxon
Royal Dutch Shell agreed to buy smaller rival BG Group for 47 billion pounds ($70.2 billion) in the first major energy…
Read MoreUS-based mutual funds pull $1.3 billion out of bond funds
NEW YORK (TIP): Investors in US-based mutual funds pulled $1.3 billion out of bond funds in the week ended April…
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Is Hindutva baggage diluting Modi’s development focus?
RSS' Hindutva baggage is once again haunting Prime Minister Narendra Modi and this time criticism against it has come from an…
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The GOP Fight Against Obama’s Immigration Order Seems Lost
The White House asked Texas Judge Hanen to stop blocking Obama's executive orders on immigration. The judge refused, but that might…
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Hackers break into Lufthansa customer database
The attackers managed to gain access to individual passenger accounts on company's website LH.com,German flag carrier Lufthansa confirmed Friday. The…
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Class action lawsuit against Facebook to begin in Vienna
Max Schrems, the Austrian law graduate spearheading a class action lawsuit against Facebook for alleged privacy breaches, said ahead oft…
Read MoreIndian Govt’s Help Sought to Get Body of Gujarati Man Killed in USA
ANAND: The family of a 39-year-old man from Anand district in Gujarat, who was shot dead in the USA in an…
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Indian-American Physicians’ Role Praised by US Lawmakers
WASHINGTON: US lawmakers have lauded Indian-origin American physicians for their role in passage of a bill by the Congress that reformulates…
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US Lawmakers Endorse AAPI’s Legislative Agenda During AAPI’s Legislative Day on Capitol Hill
(Washington, DC: March 30th, 2015) While Physicians Shortage, J-1 Visa Waiver Program, Immigration Reform, Delaying the Implementation of ICD-10, and…
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PFIZER TO SHUTTER VACCINES SALES BUSINESS IN CHINA
SHANGHAI (TIP): US drugmaker Pfizer Inc said it would cease its vaccines sales operations in China after an import licence…
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RBI ALLOWS BANKS TO FUND TAKEOVERS IN US DOLLARS FROM GIFT
MUMBAI (TIP): Banks operating out of India will now be able to fund takeovers in dollars. They will also be…
Read MoreARVIND ARM, US COOMPANY TO PAY $3.2M TO RALPH LAUREN
AHMEDABAD (TIP): City-based textile conglomerate Arvind on Monday said its subsidiary Arvind Lifestyle Brands (ALBL) and US Polo Association (USPA),…
Read MoreOIL PRICES EDGE LOWER AS IRAN NUCLEAR DEADLINE APPROACHES
SINGAPORE: Oil prices fell in Asia on Tuesday as dealers monitored last-ditch efforts between global powers and Iran to reach…
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End of turban trouble in UK
CHANDIGARH (TIP): In the run up to general elections in the UK scheduled for early May, the 7.5-lakh strong Sikh…
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