Barack Obama nominates Janet Yellen to lead US Federal Reserve
Washington: President Barack Obama on Wednesday nominated respected economist Janet Yellen to lead the Federal Reserve, replacing outgoing Chairman Ben Bernanke, who carried the central bank through the financial crisis. Yellen, 67, will be the first woman ever to lead the Fed and is widely expected to maintain Bernanke’s focus on supporting the US economy until […]
Wal-Mart splits from Bharti; stores on hold
World’s largest retail chain Wal-Mart Stores Inc and Sunil Mittal-led Bharti Group has called off their six-year old alliance in India, both the companies said in a joint statement on Wednesday, bringing the curtains down on a troubled deal marred by government-probes and allegations of corrupt practices. Wal-Mart will acquire the Indian partner’s stake in the 50:50 wholesale […]
NRI student’s death: Six accused sent to judicial custody
NEW DELHI: Six accused arrested in connection with the death of NRI student Anmol Sarna and drug abuse were on Monday denied bail by a Delhi court and sent to judicial custody till October 14. The court denied the accused bail saying the probe was at an initial stage and the allegations against them were serious in […]
Former Bihar Chief Minister Convicted in “Fodder Scam”
NEW DELHI – A longtime political heavyweight from the eastern Indian state of Bihar was found guilty on Monday of participating in a corruption scheme known as “Fodder Scam,” in which mid-ranking officials created false receipts and siphoned off public funds earmarked for animal husbandry for more than a decade. Lalu Prasad, 65, served as […]
Aftermath of the Mumbai Building Collapse
MUMBAI—As buildings in Mumbai fall down with an alarming frequency, much of the blame has been placed on construction companies that used shoddy techniques or owners who neglected to make the necessary repairs. In the latest accident near the Mazgaon dockyard, the owner of the building is the city government itself. The civic organization that governs Mumbai, the […]
Asaram Bapu has paedophilia, claims police; he’s denied bail
Jaipur: Spiritual leader Asaram Bapu, in jail on charges of sexually assaulting a school girl, has been refused bail today by the Rajasthan High Court. The 75-year-old was arrested in August and has been in prison in Jodhpur in Rajasthan since then. Investigators alleged in court today that he has paedophilia. The guru’s famous lawyer, Ram […]
PM leaves tomorrow for the US to meet Obama, address UN general assembly
NEW DELHI: Prime Minister Manmohan Singh will leave tomorrow on a visit to the US during which he will hold talks with PresidentBarack Obama and attend UN general assembly, besides having a possible meeting with his Pakistani counterpart Nawaz Sharif. Implementation of the civil nuclear deal, ways to expand cooperation in the fields of defence, security and economic issues […]
Ladies and Gentlemen, Delhi Police Are Not With You If You Are Poor
I returned to Delhi in winter. I had been away for five years. The city was in turmoil in those early months of 2010, physically and morally. The Commonwealth Games were around the corner and Delhi was a city of broken culverts, dug-up roads, half-built bus stops and hurriedly whitewashed public spaces. Revelations of corruption […]
Jagan Mohan Reddy walks out of jail after 16 months
Hyderabad: Arms raised in greeting as he repeatedly bowed and waved to the sea of people around him, Jagan Mohan Reddy stepped out of Hyderabad’s Chanchulguda jail at about 4 this evening, after 16 months of imprisonment. (Track LIVE updates) The crowd broke into an impromptu dance as the 40-year-old YSR Congress chief came out wearing […]
Militants say they are ‘holding out’ in Kenya mall
Nairobi: Somalia’s al Shabaab Islamist group said today its militants were still holed up in a Kenyan shopping mall they attacked at the weekend and there were “countless dead bodies”, raising fears the death toll could be higher than 62. Kenyan security forces were searching for the Al Qaeda-linked attackers who are believed by Western sources […]
India test-fires Agni V with range as far as China
India has successfully conducted the second test-flight of Agni 5 – country’s most potent nuclear capable inter-continental ballistic missile — from Wheeler’s Island, off Odisha coast. The missile, which is capable of reaching deep into China and as far as Europe, was test-fired from a mobile launcher at 8.48 am and started rising exactly the […]
Miss America crowns first Indian American winner, Nina Davuluri
Miss America 2014 was crowned Sunday night in Atlantic City, N.J.: She’s Nina Davuluri, the first Indian American to take the crown. It was the second year in a row that a young woman from New York was named Miss America. Davuluri, 24, competed in outfits including an animal-print bikini (pardon us, swimsuit) and a bright yellow evening […]
Import duty on gold jewellery hiked to 15%
New Delhi: India increased its import duty on gold jewellery from 10 per cent to 15 per cent, the finance ministry said on Tuesday, setting it higher than the duty on raw gold in a move to protect the domestic jewellery industry. “To protect the interests of small artisans, the customs duty on articles of […]
Rajasthan minister accused of rape by 27-year-old woman, FIR registered
Jaipur: Bapu Lal Nagar, a minister in the Gehlot government in Rajasthan, has been accused of rape by a 27-year-old woman. The Jaipur-based woman says Mr Nagar, the Minister for Dairy and Rural Industries, called her to his house on September 11, confined her to a room, beat her up, and then raped her. Fearing the […]
PM expected to approve joint grand targeted operation in Karachi
KARACHI: Sources at the Prime MInister’s secratariat said that Premier Mian Muhammad Nawaz Sharif woud give approval of a joint grand targeted operation during Tuesday’s meeting of the federal cabinet to be held in Karachi to finally decide regarding steps for peace in the port city. The joint operation would include personnel of Rangers, FC and Sindh […]
Microsoft to acquire Nokia Corp, to pay $7.2 bn for its device business
Microsoft is buying Nokia’s devices and services business, and getting access to the company’s patents, for a total of 5.44 billion euros ($7.2 billion) in an effort to expand its share of the smartphone market, the companies announced late Monday. Microsoft will pay 3.79 billion euros ($5 billion) for the Nokia unit that makes mobile phones, including its […]
Sexual assault case: Asaram Bapu blames media for arrest
Jodhpur: Religious preacher Asaram Bapu, who has been accused of sexually assaulting a schoolgirl in one of his ashrams, today blamed the media for his arrest and sought bail on grounds that he was unwell.The 75-year-old has to spend his second night in the Jodhpur Central jail as a hearing on his bail plea will continue […]
India raises British Prime Minister David Cameron’s ‘mistake’ in Syria speech
New Delhi: British Prime Minister David Cameron mistakenly named India among countries which had concluded that Syrian regime forces were behind a chemical attack near Damascus, India’s foreign ministry said Tuesday. New Delhi took note of the lapse during Cameron’s August 29 speech to lawmakers in London, in which he called for Britain to join military […]
Outside Mumbai, Reports of Rape Buried in Pages of Newspapers
By NY times It was a familiar scene in the lower house of the Indian Parliament on Monday as Sushma Swaraj, the Lok Sabha leader of the opposition Bharatiya Janata Party, demanded the death penalty for the five men who allegedly gang-rapeda 22-year-old photojournalist in Mumbai last week while she was on assignment for an English-language magazine. A […]
India’s Chandrayaan helps NASA detect water on Moon
Washington: Using data collected by India’s Chandrayaan mission, NASA has detected magmatic water locked under the surface of the Moon. The findings represent the first remote detection of this form of water that originates from deep within the Moon’s interior, NASA researchers said. Earlier studies had shown the existence of magmatic water in lunar samples returned […]
