Naidu accuses Cong of using terrorism for vote-bank politics

Naidu accuses Cong of using terrorism for vote-bank politics

Monday, 29 February 2016 | PTI | Chennai

Union Minister M Venkaiah Naidu on Sunday accused  the Congress of using terrorism for vote-bank politics and slammed its leader P Chidambaram for his comments on Parliament attack convict Afzal Guru. “Does Afzal Guru has religionIJ Terrorism has no religion. He is a terrorist. A terrorist is a terrorist. He has...

Mallya exits USl but over 2 lakh investors still stuck in KFA

Monday, 29 February 2016 | PTI | New Delhi

In an irony of sorts, over two lakh investors are estimated to be stuck with shares of long- grounded Kingfisher Airlines even as its lenders are now eyeing the Rs515-crore bounty sealed by main promoter Vijay Mallya as part of a ‘sweetheart deal’ to exit United Spirits. Diageo, the new owner...

Yes Bank targets 2.5% market share by 2020; retail big thrust

Monday, 29 February 2016 | PTI | New Delhi

Banking on retail segment and credit card services for the next phase of growth, Yes Bank is looking to more than double its market share at 2.5 per cent by 2020 to emerge as one of the major private sector lenders in the country. Yes Bank will also launch its credit...

FDI up 40 pc to $29.44b in April-December FY16

Monday, 29 February 2016 | PTI | New Delhi

Foreign direct investment (FDI) into the country increased by 40 per cent to $29.44 billion during April-December in the current fiscal. The foreign investment inflows were at $21.04 billion in the same period of previous fiscal. Among the sectors, computer hardware and software segment attracted the highest FDI of $5.30 billion...

From Pak to India: $14.36b in remittances over 3 years!

Monday, 29 February 2016 | PTI | New Delhi

India received an estimated $14.36 billion in remittances from Pakistan in last three years, if World Bank’s ‘analytical estimates’ are to be believed. Interestingly, World Bank itself says this is “not an actual official data” and only “an estimate based on logical assumptions”.  The World Bank’s Migration and Remittances Factbook 2016...

UPA suspended DBT out of nervous, says Chidambaram

Monday, 29 February 2016 | PTI | Chennai

Senior Congress leader P Chidambaram on Sunday said the previous UPA Government made a mistake in suspending the Direct Benefit Transfer scheme after ‘vested interests’ protested against it. “We suspended DBT because vested interests started protesting and a committee was appointed (to go into it),” he said here at the launch...

1st BRICS bank loan to India likely for solar project: Kamath

Monday, 29 February 2016 | PTI | Shanghai

The New Development Bank set up by BRICS countries aims to lend up to $2 billion this year starting in about two months and the multilateral lender’s first loan to India could be for a green solar energy project, its president KV Kamath said. “For this year, if we can approve...

HC to pronounce verdict on TRAI's tariff order on call drop

Monday, 29 February 2016 | PTI | New Delhi

The Delhi High Court is likely to pronounce on Monday its verdict on pleas challenging tariff order of Telecom Regulatory Authority of India (TRAI) making it mandatory for cellular operators to compensate subscribers for call drops from January onwards. A bench of Chief Justice G Rohini and Justice Jayant Nath would...

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