Crude oil slump hits Indian shores
The plunge in global oil prices may have brought cheer to consumers, but it is hurting the companies involved in oil exploration and production locally. Cairn India, country’s second-largest private sector oil & gas explorer, has de-hired majority of its developmental oil rigs from its... read more »
IndusInd Bank up over 2% as RBI allows FIIs to buy shares
Shares of IndusInd Bank on Monday surged over 2 percent in morning trade on the bourses after the Reserve Bank on Friday removed the lender from its caution list. RBI in a release on September 4 said it has removed IndusInd Bank from its caution list, allowing foreign investors to buy further... read more »
Diageo may not recover Rs 900 cr loan from Vijay Mallya co
Global spirits giant Diageo has said it may not be able to fully recover a loan of USD 135 million given to Vijay Mallya-affiliated Watson by Standard Chartered Bank where it had acted as a guarantor in case it is asked to pay up. The world’s largest spirits maker, Diageo, which acquired... read more »
Defence veterans end fast-unto-death, protests to continue
Defence veterans, who were on fast-unto-death, on Sunday called off their hunger strike following a clarification from Prime Minister Narendra Modi on the voluntary retirement issue, a day after Defence Minister Manohar Parrikar announced the implementation of One Rank One Pension on Saturday. The... read more »
4 dead, 27 injured as typhoon Soudelor hits Taiwan
Typhoon Soudelor hit Taiwan on Saturday, downing trees, traffic lights and power lines, leaving at least four dead, one missing and dozens injured. The typhoon brought strong winds and... read more »
Udhampur: Attack on police post may not be terrorist strike, says J-K govt
The Jammu and Kashmir Government on Friday said the attack on Chanj police post near Basantgarh in Udhampur district might not be a militant strike, but a result of a tiff between SPOs and... read more »
Dual approval needed for Adani Carmichael mine: Lawyer
In an interview to CNBC-TV18, Sue Higginson, Principal Solicitor, EDO NSW, who represents the community group, says the mine anyway requires dual nods- from the commonwealth... read more »
‘Isro to Launch 9 Nano/ Micro Satellites for US in 2015-2016’
‘Isro to Launch 9 Nano/ Micro Satellites for US in 2015-2016’Press Trust of India, 5 August 2015 Indian Space Research Organisation (Isro) will be launching nine nano/ micro... read more »
Nestle’s deemed safe by Goa in first ruling since recall
SA’s Maggi noodles comply with food safety standards, authorities in Goa said, in the first such ruling since the popular instant snack was pulled from stores after another state lab reported... read more »
