Well-orchestrated move to destroy personal reputation: Tata

Well-orchestrated move to destroy personal reputation: Tata

Saturday, 31 December 2016 | PTI | New Delhi

As feud at India’s biggest conglomerate continues, Tata Group’s interim chairman Ratan Tata on Friday said there has been a wilful, well-orchestrated move to destroy his personal reputation through unsubstantiated allegations. Without naming anyone, he said the ethics and values of the group have been “challenged by people who are known...

Amazon's flying warehouse to launch drones for fast delivery

Saturday, 31 December 2016 | PTI | New York

American e-commerce giant Amazon will fly a warehouse at an altitude of around 45,000 feet that would act as a launchpad for drones, with an aim to deliver consignments in a jiffy, media reports said on Friday. Amazon, after winning a patent for flying the warehouse in the US, announced...

Sebi cancels Goldman Sachs MF registration

Saturday, 31 December 2016 | PTI | New Delhi

Markets regulator Sebi has cancelled the registration of Goldman Sachs Mutual Fund with immediate effect following the transfer of its schemes to Reliance Mutual Fund. Sebi on Friday said it has ‘cancelled the certificate of registration of Goldman Sachs Mutual Fund and has withdrawn the approval granted to Goldman Sachs...

Non-food credit growth slows to 4.8% in Nov

Saturday, 31 December 2016 | PTI | Mumbai

 Non-food credit growth of commercial bank nearly halved to 4.8 per cent in November from 8.8 per cent in the same period last year, showed the Reserve Bank data. This is also slower than in the previous month in October, when non-food bank credit rose 6.7 per cent aganint 8.3...

Russia will not expel US diplomats: Putin

Saturday, 31 December 2016 | AFP | Moscow

President Vladimir Putin said on Friday that Moscow would not expel any US diplomats, a surprise decision after Washington turfed out Russian diplomats over alleged interference in the US election. “We will not create problems for American diplomats. We will not expel anyone,” Putin said in a statement released by the...

US expels 35 Russian officials, slaps sanctions over hacking

Saturday, 31 December 2016 | PTI | Washington/Moscow

President Barack Obama has sanctioned Russia, expelled 35 Russian officials and shut down two Russian-owned compounds in the US over alleged Russian hacking during the presidential polls, a charge categorically rejected by Moscow which vowed “adequate reprisals”. “All Americans should be alarmed by Russia’s actions,” Obama said in a statement as...

Clashes erupt near Damascus despite Syria truce: Monitor

Saturday, 31 December 2016 | AFP | Beirut

Clashes erupted between Syrian Government forces and Opposition fighters in an area outside Damascus on Friday, despite a nationwide truce that began at midnight, a monitor said. The Britain-based Syrian Observatory for Human Rights said it was not clear who had started the clashes in the Wadi Barada region. “Clashes erupted and...

Madhesis threaten fresh stir in Nepal if demands not met

Saturday, 31 December 2016 | PTI | Kathmandu

Nepal’s agitating Madhesis on Friday announced a fresh round of nationwide stir on January 2 if the Government went ahead with local polls without amending the Constitution, further deepening the political crisis. The United Democratic Madhesi Front held meeting on Thursday and Friday during which the leaders said if elections were...

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