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India may buy Rs 6,000 cr-worth of air missiles from US to shield Delhi

India may buy Rs 6,000 cr-worth of air missiles from US to shield Delhi

India has begun the process of acquiring the National Advanced Surface to Air Missile System-II (NASAMS-II) from the US to fully secure its airspace against aerial threats ranging from drones to ballistic missiles.

India has begun the process of acquiring the National Advanced Surface to Air Missile System-II (NASAMS-II) from the US to fully secure its airspace against aerial threats ranging from drones to ballistic missiles.

Indian-origin activist who yelled at Bezos arrested

Indian-origin activist who yelled at Bezos arrested

Indian-American activist Priya Sawhney, who interrupted Amazon Founder and CEO Jeff Bezos' on-stage talk, has been arrested on trespassing and burglary charges, according to media reports.

Sawhney, 30, rushed on stage during Amazon's "re:MARS" event here on Thursday and asked Bezos to do something about "chicken farms".

Nirmala Sitharaman emphasizes on India's efforts to counter tax avoidance, evasion

Nirmala Sitharaman emphasizes on India's efforts to counter tax avoidance, evasion

Finance Minister Nirmala Sitharaman Saturday highlighted the ongoing efforts of India to counter tax avoidance and evasion.

She was speaking at the Ministerial Symposium on International Taxation on Globally Fair, Sustainable and Modern International Taxation System organised during the meeting of G-20 Finance Ministers at Fukuoka in Japan.

Mahindra to observe no production days at plants for up to 13 days this quarter

Mahindra to observe no production days at plants for up to 13 days this quarter

Homegrown auto major Mahindra & Mahindra (M&M) on Saturday said it will shut production across plants for up to 13 days in the ongoing quarter to adjust to market demand.

The company would be observing no production days during the first quarter ranging between 5-13 days across its automotive and farm equipment sector plants, M&M said in a regulatory filing.

Army distances itself from Dhoni's gloves row; says 'nothing to do with us'

Army distances itself from Dhoni's gloves row; says 'nothing to do with us'

The Indian Army Saturday distanced itself from the controversy surrounding the daggar insignia on Indian cricketer Mahendra Singh Dhoni's gloves, saying it had nothing to do with it.

Dhoni's gloves sported the Balidan badge of the parachute regiment's special force during India's opening world cup match against South Africa in Southampton in England on May 5.

Onus for Indo-Pak peace on Pakistan: White House

Onus for Indo-Pak peace on Pakistan: White House

Amidst new peace overtures from the Imran Khan government after the re-election of Prime Minister Narendra Modi, the White House has made it clear to Pakistan that the onus for sustained peace in South Asia was on it by putting the terror groups out of business.

Khan has written a second letter to Prime Minister Modi after his re-election, saying that Pakistan wants talks with India to resolve all differences, including on the Kashmir issue.

RBI imposes Rs 2 crore penalty on Kotak Mahindra Bank

RBI imposes Rs 2 crore penalty on Kotak Mahindra Bank

The Reserve Bank of India (RBI) has imposed a penalty of Rs 2 crore on private lender Kotak Mahindra Bank for failing to provide information about promoter shareholding in the bank and the course of action the bank was taking to dilute promoters’ shareholding as per the regulator’s norms.

“This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank,” the RBI said.

SBI to offer repo-linked home loans from July 1

SBI to offer repo-linked home loans from July 1

Mumbai: The country's largest lender State Bank of India (SBI) on Friday announced introduction of repo rate-linked home loans from July 1. The development comes after the Reserve Bank of India (RBI) in its Monetary Policy statement of June 6 cut the policy rate (repo rate) by 25 basis points.

According to experts, the new category of home loans linked to repo rate may see quicker transmission.

Vodafone Idea get NCLT nod to hive off fibre assets into seperate entity

Vodafone Idea get NCLT nod to hive off fibre assets into seperate entity

The National Company Law Tribunal (NCLT) has granted approval to Vodafone Idea to hive off its fibre assets into a separate entity named Vodafone Towers. The move to hive off the fibre business was to achieve operational efficiency and also monetisation of the assets. As per estimates, around 1.56 lakh route kilometre of fibre assets owned by the company are worth around Rs 15,000 crore.

ED to widen probe in ICICI Bank-Videocon loan fraud case; Chanda Kochhar to be grilled again

ED to widen probe in ICICI Bank-Videocon loan fraud case; Chanda Kochhar to be grilled again

The ED is set to expand its probe in the ICICI Bank-Videocon money laundering case and may soon question some officials of the bank, besides grilling its former CEO Chanda Kochhar again, officials said Thursday.

The Enforcement Directorate (ED) had last month questioned and recorded the statements of Chanda Kochhar and her husband Deepak Kochhar over multiple sessions.

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