ECONOMY & NATION


Devanik Saha (IANS) 18 April 2016
Delays in completing railway projects resulted in cost overruns of Rs.1.07 lakh crore ($16.4 billion) - equivalent to the yearly salary bill of its three million employees - according to an IndiaSpend analysis of a December 2015 audit report.   As of March 2014, the railways needed...

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New York : US electronic giant Apple has said the iPhones have a life expectancy of three years and so does the Apple watch while AppleTV devices expire in four years.   In a recent update to its environmental policy, Apple addressed the question of how long an Apple device is...

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New Delhi : Industry body Assocham on Sunday said that the slowdown in steel, textiles, aluminium and others coupled by ongoing Asset Quality Review (AQR) is likely to push banks' stressed assets to Rs.10 lakh crore mark in the fourth quarter of 2015-16.   "At the end of December...

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New Delhi : Industry body Assocham on Sunday said that the slowdown in steel, textiles, aluminium and others coupled by ongoing Asset Quality Review (AQR) is likely to push banks' stressed assets to Rs.10 lakh crore mark in the fourth quarter of 2015-16.   "At the end of December...

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New York/Mumbai: India's top IT company Tata Consultancy Services has been slapped with a $940-million fine, including punitive damages of $700 million, by the US Federal Court in the State of Wisconsin for allegedly stealing software information.   Besides the punitive damages, the...

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Mumbai : Economic crimes continue to remain a serious concern in India, with more than one out of every four organisations getting impacted by it, even as 61 percent of them are committed by employees themselves, says a PricewaterhouseCoopers (PwC) study.   Giving an India perspective...

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Bengaluru : App-based taxi service provider Ola on Friday termed "false" and "malicious" a media report claiming that certain of their investors are planning to sell their stake to rival Uber, and   "ANI Technologies Private Limited, promoters of Ola, categorically denies the contents...

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Vatsal Srivastava (IANS) 15 April 2016
For a government that has been voted by a historic majority on the single promise of "ache din" and "vikas", today's agrarian reality can turn into its most potent cause of demise. The agricultural growth rate is creeping towards negative territory from a dismal 0.2 percent seen in 2014-2015....

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New Delhi : The diplomatic passport of beleaguered liquor baron Vijay Mallya, who is currently in Britain, has been suspended with immediate effect for four weeks, the external affairs ministry announced on Friday.   Disclaimer: Information, facts or opinions expressed in this news...

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New Delhi : Rajya Sabha Chairman and Vice President Hamid Ansari has given the CBI sanction to prosecute Janata Dal-United member Anil Sahani, sources said on Friday.   The scam relates to reimbursements being claimed against fake boarding passes and bills from the Rajya Sabha...

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New York : Although micro-blogging site Twitter has been providing fodder for news hunters for years, new research shows that there's been a sharp decline in the news flow to and from news organisations on the website.   The microblogging platform is now responsible for just 1.5...

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There are certainly some digitally-savvy publishers who are performing better across social media   Although micro-blogging site Twitter has been providing fodder for news hunters for years, new research shows that there's been a sharp decline in the news flow to and from news...

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Washington : As nations across the globe are in hot pursuit of tax evaders and terror financing, India and the US have agreed to step up their joint work in this area, while Washington has extended its support for India's trillion-dollar infrastructure development needs.   Visiting...

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Moneylife Digital Team 14 April 2016
A team from Religare met the management led by Acharya Balkrishna. Some key points from the meeting   Having emerged as a key player fast-moving consumer goods space (FMCG) space, Patanjali Ayurved is all set to continue aggressive expansion with ambitious targets. Patanjali Ayurved's...

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A first ever Braille edition of the Limca Book of Records was also launched on the occasion   Infosys co-founder N.R.Narayana Murthy and Coca-Cola India president Venkatesh Kini on Thursday co-signed a petition to make sign language an official language of India.   The...

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Admitting the bank's objections, tribunal presiding officer CR Benkanahalli posted the case to April 21 for further hearing   The State Bank of India (SBI) on Wednesday objected to the claim of Rs.594 crore by Vijay Mallya-controlled United Breweries (Holdings) Ltd. which it recovered...

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The petitioner said that mere quashing of the CBI FIR on technical grounds could not come in the way of application of the rule of law   The CBI on Wednesday said it has no fresh material to register an FIR against former Uttar Pradesh chief minister Mayawati in a case of...

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Moneylife Digital Team 13 April 2016
A local court in Amreli district sentenced three years jail term and Rs25,000 fine to BJP MP Naran Kachhadiya and four others for beating a doctor in January 2013   A local court in Amreli district on Wednesday sentenced three years jail term and Rs25,000 fine to local Member of...

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UP Sarrafa Association leader Ravindra Nath Rastogi said all shops and showrooms would remain open till April 24, the deadline set by the central government to study their demands   Jewellery shops across Uttar Pradesh opened on Wednesday after remaining shut for 43 days as part of a...

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Moneylife Digital Team 13 April 2016
While the Indian rupee can act as an enabler for export revival, it is unlikely to be a primary driver, says the ratings agency   India Ratings and Research (Ind-Ra) says the country's export performance is likely to stay weak in FY2017 as global economies face headwinds to their...

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