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FM seeks enhanced bilateral trade and cooperation with Qatar
DUBAI: Seeking to enhance bilateral trade and cooperation, Finance Minister P Chidambaram on Sunday held discussions with Qatar’s Emir and the Minister of Economy and Finance, as he asserted the… Read more
US paves way for shale gas export to India
WASHINGTON: Opening up the prospects of export of shale gas to energy starved India, the US today granted conditional authorization to export domestically produced liquefied natural gas (LNG) to nations… Read more
Canada committed to Free Trade Agreement with India
TORONTO: Canada has said the negotiations for an ambitious Comprehensive Economic Partnership Agreement with India are progressing “very well” despite delay in early conclusion of bilateral foreign investment promotion and… Read more
India asks SL not to take any step regarding provincial powers
NEW DELHI: Concerned over reports of Sri Lankan government considering removal of land and police powers from the provinces prior to the elections in the Northern Province, India today asked… Read more
Ranbaxy pleads guilty in US, to pay USD 500 mn in settlement
WASHINGTON: Pleading guilty to “felony charges” relating to manufacture and distribution of certain adulterated drugs made at two India units, the US subsidiary of Ranbaxy has agreed to pay USD… Read more
‘No significant impact on SBI California’
CHANDIGARH: State Bank of India (SBI) has said there will not be any significant impact on its operations in the US after federal agencies asked its subsidiary SBI California not… Read more
S&P says Sharif win bodes well for Pakistan rating
SINGAPORE: Pinning hopes on significant economic reforms in Pakistan after Nawaz Sharif’s victory in general elections, global agency S&P has said that the development bodes well for the country’s credit… Read more
Monsanto wins seed patent battle in US Supreme Court
WASHINGTON: The US Supreme Court ruled in favor of Monsanto over an Indiana farmer accused of having pirated the genetically-modified crops developed by the agribusiness giant. The high court was… Read more
Canara Bank to raise up to $1 bn from overseas
“We are planning to raise USD 750 million to USD 1 billion through medium term note (MTN) program this month,” Canara Bank Chairman and Managing Director R K Dubey told… Read more
Banks, LIC caught money-laundering; ministry orders probe
NEW DELHI: Within hours of online portal Cobrapost alleged money laundering by financial institutions, the Finance Ministry has asked PSU (Public Sector Undertaking) banks and LIC to take immediate action… Read more
AI to reduce free baggage allowance from 20 to 15 kgs
NEW DELHI: Air India would lower the free baggage allowance from 20 to 15 kgs on the domestic sector and start charging a flat rate of about Rs 200-250 per… Read more
Submarine cable system to connect 5 countries
NEW DELHI: Alcatel-Lucent and a consortium comprising Vodafone Group, Dialog Axiata, Emirates Telecommunications Corporation (Etisalat), Reliance Jio Infocomm, Omantel and Telekom Malaysia, have signed a turn-key contract to deploy a… Read more
India set to scale up economic ties with Iran
ON BOARD SPECIAL PLANE: Notwithstanding sanctions against Iran, India is set to scale up economic and commercial engagement with it with proposals for joint investment in infrastructure and joint exploration… Read more
Better compliance of KYC norms needed: RBI on Cobrapost expose
MUMBAI: Amid allegations of money laundering by top three private banks, the RBI Friday said that its probe into their activities revealed the banks did not follow KYC (Know Your… Read more
US eyes FATCA pact for info on Americans’ assets in India
NEW DELHI: US tax authorities may soon get access to all significant assets and accounts held by American citizens and companies with banks and other financial sector entities in India,… Read more
Airlines can charge for preferred seats, check-in bags: Govt
NEW DELHI: In a move that would raise the cost of air travel, the government has said it has allowed airlines to charge passengers for preferred seats on a flight,… Read more
AirAsia India files application to launch operations
NEW DELHI: The newly formed AirAsia India, the Indian arm of Malaysia’s low cost carrier AirAsia, has filed an application with the Civil Aviation Ministry seeking permission to launch its… Read more
Invest pacts can’t be subject to foreign jurisdictions
TORONTO: Indian Finance Minister P Chidambaram has made it clear that any bilateral investment protection agreement has to be subject to jurisdiction of domestic legal institutions and India will not… Read more
India considering freeing oil, gas price controls: Chidambaram
TORONTO: India is considering freeing prices of locally produced oil and natural gas from state controls in a bid to lure more foreign investment, Finance Minister P Chidambaram said here…. Read more
Young Harvard University economist Raj Chetty wins ‘Baby Nobel’
WASHINGTON: A young Indian-American economist from Harvard University, whose pioneering work was cited by US President Barack Obama in his last year’s State of the Union Address, has won the… Read more
