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    Business to be backbone of India-US relationship: Jaishankar

    New Delhi, Oct 22: Indian External Minister Affairs S. Jaishankar on Monday said that going forward, the backbone of India-US relations will be strong business relations between the two countries. Addressing the US India Strategic Partneship Forum here, Jaishankar said that the India-US relations have grown to a level where it is now beyond the relationship of the two governments. He...

    • yesterday
  • Business

    Infosys shares may slip on Tuesday, say analysts

    Mumbai, Oct 22: Infosys shares might open with heavy losses on Tuesday, after a letter by anonymous employees surfaced, accusing its Chief Executive Officer (CEO) Salil Parekh and Chief Financial Officer (CFO) Nilanjan Roy of unethical practices for several quarters. The Indian markets were closed on Monday owing to elections in the Maharashtra, but Infosys also listed on the New York Stock...

    • yesterday
  • Business

    Abhijit Banerjee wants govt to reduce equity in PSBs to below 51%

    New Delhi, Oct 22: Nobel laureate Abhijit Banerjee on Tuesday suggested reducing government equity in public sector banks to below 51 per cent in order to end the fear psychosis of bankers. Addressing a press conference here, the US-based economist said that fear of investigation by the Central Vigilance Commission (CVC) in default cases had paralysed the banking system and...

    • yesterday
  • Business

    Indian palm oil traders told to shun Malaysia ... Mahathir stands by Kashmir remarks

    Kuala Lumpur, Oct 22: Malaysia's support to Pakistan at the United Nations General Assembly (UNGA) over the Kashmir issue has prompted a trade backlash from India. According to a Reuters report on Tuesday, the Solvent Extractors' Association of India (SEAI), the top body of vegetable oil traders in India, has asked its members to stop avoid buying palm oil from...

    • yesterday
  • Business

    PMC Bank scam: Depositors stage protest in Mumbai

    New Delhi, Oct 22: Many scam-hit Punjab and Maharashtra Co-operative (PMC) Bank account holders staged a protest at Azad Maidan here on Tuesday. The protestors raised slogans and held placards which read 'Black Diwali, Save Us' and 'Innocents are losing life'. "16 lakh families for the past one month have been requesting the government to give our money back and help us. Six people have...

    • yesterday
  • Business

    10 Points: What Nobel Laureate Abhijit Banerjee said on Indian economy

    New Delhi, Oct 22: On Tuesday after meeting PM Narendra Mod, Nobel laureate Abhijit Banerjee flagged concerns about the banking crisis in India and called for aggressive changes to deal with the situation. Here are the major takeaways: 1. There is a need to bring in important and aggressive changes to deal with the crisis, he said during interactions with media in New Delhi....

    • yesterday
  • Business

    Desi firms to supply defence equipment worth Rs 3,300 cr

    New Delhi, Oct 21: The Union government approved procurement of equipment worth Rs 3,300 crore from private Indian defence firms in a meeting of the Defence Acquisition Council (DAC) that was held in New Delhi on Monday. The procurement includes third-generation anti-tank guided missiles and auxiliary power units for T-72 and T-90 tanks as well as electronic warfare systems for mountain...

    • yesterday
  • Business

    Siachen thrown open to tourists 35 years after Operation Meghdoot

    New Delhi, Oct 21: About 35 years after it was closed down for civilians, Siachen Glacier, the world's highest battlefield, was on Monday declared open for tourists by Defence Minister Rajnath Singh, in a major decision ahead of the creation of the Union Territory of Ladakh where the region is located. Siachen, the icy heights in the Karakoram mountain range, used to be an...

    • yesterday
  • Business

    Infosys shares plunge 16%, Nandan Nilekani says whistleblower complaints being looked into

    New Delhi, Oct 22: IT services firm Infosys on Tuesday plummeted 16 per cent on concerns over a whistleblower complaint which alleges that two of the company's top executives were indulging in unethical practices to increase short-term revenue and profits. The scrip plunged 15.94 per cent to Rs 645.35 on the BSE. On the NSE, it tanked 15.99 per cent to Rs...

    • yesterday
  • Business

    Congress leader Chidambaram gets bail but his Diwali will be in jail!

    New Delhi, Oct 22: Finally, Congress leader and former finance minister P Chidambaram has got bail but his Diwali will be in jail. He was arrested two months back by the CBI in INX Media corruption case. A bench headed by Justice R Banumathi set aside the Delhi High Court's September 30 verdict denying him bail in the corruption case. The bench, also comprising Justice A S...

    • yesterday

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