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GVK Power & Infra net loss Rs.281 cr...

GVK Power & Infra net loss Rs.281 crore

Diversified infrastructure projects company GVK Power & Infrastructure Ltd. closed the first quarter of 2014-15 with a net loss of about Rs.281 crore, up by around Rs.250 crore over corresponding period last year. In a filing with the Bombay Stock Exchange (BSE), the company said it had... read more »

NDA govt will not entertain FDI in multi...

NDA govt will not entertain FDI in multi-brand retail : Nirmala Sitharaman

Clearing government stand on FDI in multi-brand retailing, Commerce and Industry Minister Nirmala Sitharaman today said the NDA government will not “entertain” foreign direct investment (FDI) in multi-brand retail. She said during Question Hour in Rajya Sabha that BJP got a massive... read more »

AirAsia India lowers fares, offers 20% d...

AirAsia India lowers fares, offers 20% discount

MUMBAI: AirAsia India, the latest entrant in domestic air space, has lowered its fares by 20 per cent for a limited period on all its flights. The discounted ticket scheme was launched on Tuesday for a six-day period (till August 17) and offers customers 20 per cent discount on tickets across... read more »

Ecuador quake triggers deadly landslides

Ecuador quake triggers deadly landslides

Quito: A shallow 5.1-magnitude earthquake struck the Ecuadoran capital Quito Tuesday, triggering landslides that killed at least two people and violently shaking buildings and homes. Another eight people were injured and three others trapped in the landslides at quarries on the outskirts of Quito,... read more »

Germany Opens Criminal Probe Over Angela Merkel Phone Tapping

Berlin: Germany’s federal prosecutors said on Wednesday that they had opened an investigation over alleged snooping on Chancellor Angela Merkel’s mobile phone by the US... read more »

Pakistan arrests brothers over woman’s stoning

Pakistani police have arrested two brothers who participated in a mob attack during which their sister was stoned to death with bricks for marrying against the family’s wishes, a... read more »

Obama suspends Iran oil sanctions for six months

With Iran complying with its commitment on a controversial nuclear weapons programme, US President Barack Obama has suspended his action on Iranian oil sanctions for the next six... read more »

ECB ready to cut rates and push banks into lending to boost euro zone economy

The European Central Bank is poised to impose negative interest rates on its overnight depositors, seeking to cajole banks into lending instead and to prevent the euro zone falling into... read more »

Subrata stays in jail but Sahara accounts de-frozen

NEW DELHI: The Supreme Court reiterated its “no money, no release” order for Sahara group chief Subrata Roy, who has been detained since March 4, but in a relief relaxed orders freezing... read more »