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Australia announces 19 grants for projects with India

MELBOURNE: In a bid to boost ties with India, the Australian government on Wednesday announced 19 grants worth 630,000 dollars for several projects in the field of education, science, sports,… Read more »


‘Rating firms need to introspect; disconnected with investors’

NEW DELHI: The government today slammed global rating agencies for not upgrading India’s sovereign rating despite a slew of reforms, saying they need to do some “introspection” as investors globally… Read more »


Chinese businesses can make ‘fat gains’ in India: state media

BEIJING: Arguing that anxieties of Chinese businesses in investing in India are “overblown”, official media on Friday said investors can make “fat gains” by cashing in on the rapid growth… Read more »


Tata needs to be lauded for making Nano: Bhargava

NEW DELHI: Auto industry veteran and Maruti Suzuki India Chairman RC Bhargava on Thursday said Ratan Tata needs to be given credit for attempting to offer an affordable car to… Read more »


Modi govt working in ‘mission mode’ to expand aviation sector

VADODARA: Accusing previous governments of having “no vision” for aviation, Prime Minister Narendra Modi has said his government is working in a “mission mode” for expansion of the sector and… Read more »


Jaitley tells private sector it’s time to invest

INDORE: With private investment playing catch-up, Finance Minister Arun Jaitley has asked the private sector to loosen its purse strings to make the most of the demand uptick following a… Read more »


‘Xiaomi sells record 1 million handsets in India in 18 days’

BEIJING: Chinese cellphone maker Xiaomi has sold a record one million smartphones in India in 18 days during the Diwali festive season, despite boycott calls of Chinese goods in the… Read more »


Automation threatens 69 per cent jobs in India: World Bank

WASHINGTON: Automation threatens 69 per cent of the jobs in India and 77 per cent in China, according to a World Bank research which says technology could “fundamentally disrupt” the… Read more »


Pak film industry may suffer 70% loss if Indo-Pak ties worsen

LAHOREL: Pakistan’s film industry fears it may suffer a 70 per cent business loss if Indo-Pak ties worsen and Bollywood films are banned in the country. The fear among the… Read more »


Startup Hashtaag raises USD 1 million in Angel Funding

BENGALURU:¬†Hashtaag, a city-based firm which builds native mobile apps and products, today announced it has secured USD 1 million in angel funding. The funding would enable the firm to hire… Read more »


Top Australian bank settles dispute with Indian tycoon

MELBOURNE: Flamboyant Indian billionaire couple Pankaj and Radhika Oswal have reached a settlement with a top Australian bank in a 2.5 billion dollar dispute over the collapse and sale of… Read more »


US to be partner country for Vibrant Gujarat Summit in January

WASHINGTON: The US has agreed to be a partner country in the next edition of the Vibrant Gujarat Summit in January 2017, an official has said. Assistant Secretary of State… Read more »


Rajan returns to academia in Chicago

NEW YORK: Having returned to his “ultimate home”, former RBI Governor Raghuram Rajan has resumed his role as ‘Distinguished Service Professor of Finance’ at the University of Chicago Booth School… Read more »


Indian-origin bags Lemelson-MIT Prize worth USD 500,000 in US

WASHINGTON: An Indian-origin scientist has bagged the prestigious Lemelson-MIT Prize worth USD 500,000 for his groundbreaking inventions to create solutions to improve lives globally. Nasik-born Ramesh Raskar, 46, is founder… Read more »


China to probe airlines’ racial remarks on travel guide

BEIJING: China today asked its flag-carrier Air China to investigate the racial comments found in its in-house magazine advising London visitors to take ‘precautions’ when entering areas populated by “Indians,… Read more »

Tatas get Boeing job order for interior panel supply to P-8s

Tatas get Boeing job order for interior panel supply to P-8s

NEW DELHI:¬†India’s next four Poseidon-8I long-range maritime surveillance and anti-submarine warfare aircraft could come fitted with domestically-made composite interior panels. Tata Advanced Materials Ltd (TAML), a subsidiary of Tata Industries,… Read more »

GST top priority, tax rates to come down Jaitley

GST top priority, tax rates to come down: Jaitley

NEW DELHI: According top priority to the implementation of GST, Finance Minister Arun Jaitley today sounded confident on the tax rates coming down once the indirect taxation regime is put… Read more »


Caparo to jointly build $340-mn commercial complex in US

LONDON: Expanding its presence in the US, NRI industrialist Lord Swraj Paul-led Caparo Group plans to build an integrated commercial complex – comprising a hotel, offices, retail outlets and a… Read more »


Railways set to roll out 2 major reforms

NEW DELHI: The Railways Ministry is set to roll out two major initiatives – setting up of a regulatory authority for fixing fares and creating an infrastructure development fund –… Read more »

(L-R) RBI Deputy Governors HR .Khan, Reserve Bank of India, (RBI) Governor Raghuram Rajan and Deputy Governors Dr Urjit Patel, conference the Bi-monthly Monetary Policy Review at Reserve Bank of India (RBI) headquarter in Mumbai on Tuesday. Express Photo by Ganesh Shirsekar. 02.06.2015. Mumbai.

Urjit Patel assumes charge as new RBI Governor

MUMBAI: Urjit Patel who took over as the 24th Governor of Reserve Bank will have a tough task in maintaining the legacy of his predecessor, Raghuram Rajan, and balance the… Read more »