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StanChart to decide soon on local subsidiarisation

MUMBAI: With the RBI nudging foreign banks to operate as wholly-owned subsidiaries here, the largest offshore lender by branch presence, Standard Chartered, said it will come out with a final… Read more »

India home to 100 billionaires;6th largest population globally

India home to 100 billionaires; 6th largest population globally

SINGAPORE/NEW DELHI: India has retained its sixth position in terms of number of billionaires with 100 such people collectively having USD 175 billion in networth, while globally the number of… Read more »


India will oust China as top cotton producer this year: USDA

BEIJING/WASHINGTON: India is all set to beat China and become the top cotton producer this year, ousting the communist nation from the number 1 position for the first time in… Read more »

India's infrastructure market to reach $6.6 trn

India’s infrastructure market to reach $6.6 trn

MUMBAI: India’s infrastructure market is expected to touch USD 6.6 trillion by 2025, which will be nearly 12.5 per cent of the Asia-Pacific, says a report. According to consultancy firm… Read more »


Microsoft to buy Minecraft maker for $2.5 bn

NEW YORK: Microsoft will acquire the maker of the long-running hit game Minecraft for USD 2.5 billion. The technology company said it will buy Stockholm-based game maker Mojang. Minecraft, which… Read more »


HCL employees generate ideas worth $500 mn

NEW DELHI: India’s fourth largest IT firm HCL Technologies is now focusing on “ideapreneurship” to encourage employees to come up with innovative solutions to customers’ business challenges. Under the initiative,… Read more »


Apple: Record 4M orders of iPhones on 1st day

NEW YORK: Apple had more than 4 million advance orders of its new iPhones in the first 24 hours, exceeding its initial supply, the company said. The company said the… Read more »

Android One

Android One will make smartphones affordable

WASHINGTON: Introduction of Android One phones in the Indian market is aimed at making powerful smart phones with latest technologies accessible and affordable to the people of the country, Google… Read more »


Chhattisgarh to develop Sirpur to woo tourists

MUMBAI: Eyeing 36 per cent overall growth in tourist arrivals this calendar year, Chhattisgarh government is planning to develop Sirpur, known for its archaeological monuments, as a Buddhist destination to… Read more »

Raghuram Rajan

Grand, big picture reforms in India will take some time

NEW YORK: India’s new government may take some time to unveil “grand, big picture reforms” as it is currently focusing on implementation of stalled projects worth USD 50-70 billion that… Read more »

Hanmi Financial board members and Hanmi Bank senior management

Hanmi completes acquisition of Central Bancorp

LOS ANGELES, CA: Hanmi Financial Corporation, the holding company for Hanmi Bank, has announced completion of its acquisition of Central Bancorp, Inc., the parent company of United Central Bank, effective… Read more »

German Foreign Minister Frank-Walter Steinmeier called on Prime Minister Narendra Modi in New Delhi on September 8

Germany sees chance to boost India ties

NEW DELHI: Eager to add a new impetus to Indo-German ties under the Narendra Modi government, Germany says bilateral cooperation can be deepened in renewable energy, infrastructure, cleaning of rivers… Read more »

5.7% Q1 growth has generated huge positive sentiment Modi

5.7% Q1 growth has generated huge positive sentiment: Modi

TOKYO: Encouraged by economic growth of 5.7 per cent in the first quarter, 2014-15, Prime Minister Narendra Modi today said it has generated a “huge positive sentiment” while exhorting Japanese businessmen… Read more »

India may drop US Howitzer deal after price hike

India may drop US Howitzer deal after price hike

NEW DELHI: India has told the US that in view of the price increase, it cannot go ahead with the procurement of 145 ultra-light howitzers for the Army, which plans… Read more »


Singapore to help India build 100 ‘smart cities’

SINGAPORE: Having allocated over Rs 7,000 crores in its recent budget for development of 100 ‘smart cities’, India has roped in Singapore for providing its expertise in this even as… Read more »

Prime Minister Narendra Modi addressing after laying the foundation stones of Jawaharlal Nehru Port Trust Special Economic Zone and Port Connectivity Road, at a function, at Sheva, in Navi Mumbai, Maharashtra on August 16

States to have own export promotion councils

NHAVA SHEVA, Maharashtra: The states will soon be allowed to form their own Export Promotion Councils, Prime Minister Narendra Modi said as he underscored the need for the Centre and… Read more »


Low growth, high inflation not acceptable: Jaitley

MUMBAI: Finance Minister Arun Jaitley has said the current situation of high inflation and low growth has to be reversed to achieve sustainable GDP expansion along with improvement in price… Read more »

Govt to protect domestic industry

Govt to protect domestic industry

NEW DELHI: Government today promised all steps to protect domestic industry after concern was raised in the Lok Sabha over flooding of cheap Chinese goods in the market through third… Read more »

Ratan Tata may be suffering from delusion Amit Mitra

Ratan Tata may be suffering from delusion: Amit Mitra

KOLKATA: West Bengal Finance Minister Amit Mitra today countered Ratan Tata’s remarks on lack of industrialization in the state saying he may be suffering from delusion and that was why he… Read more »

India to be developed as refinery hub Govt

India to be developed as refinery hub: Govt

NEW DELHI: India refines more oil than the domestic requirement and the government seeks to develop the country as a refinery hub, Lok Sabha was informed today. Petroleum Minister Dharmendra… Read more »