BANGALORE (TIP): India’s space agency ISRO crossed another milestone August 27 afternoon, launching its first 2,000-kg-plus satellite on a launch vehicle powered by an indigenous engine. The 2,117-kg GSAT-6 communication satellite flew into space on […]
Prime Minister Narendra Modi has all along been appreciative of the struggles and achievements of NRIs. His close association with a number of NRIs all across the world is well known. There is no country in […]
NEW YORK (TIP): With an aim to strengthen ties with the local Indian community in Buffalo, Consul General of India, New York, Ambassador Dnyaneshwar M Mulay, would be leading a delegation of high-ranking diplomats, and […]
TIP (Secondary Research): Europacific Growth Fund, the largest foreign portfolio investor (FPI) in India was born seven years before liberalisation ushered foreign investment into Indian equity markets. Today, it holds $131 billion in assets under management; […]
NEW DELHI (TIP): The Enforcement Directorate has busted a hawala network in Ahmedabad which had allegedly laundered more than Rs 10,000 crore through a private bank in Surat to Dubai and Hong Kong. The ED […]
On Monday, June 29, global stock markets were reeling from the news out of Greece. Dow Jones was down by 350 points. With many global crises like Ukraine, ISIS, Syria, Iran nuclear deal already threatening […]
MUMBAI (TIP): In its endeavour to put retail investors’ interest above that of other shareholders in listed companies, market regulator Sebi had to turn down requests from the divestment department of the government for suspension […]
LONDON/NEW YORK (TIP): US and British regulators fined Deutsche Bank$2.5 billion and its British subsidiary pleaded guilty to criminal wire fraud on Thursday as it became the eighth financial group to settle allegations of rigging […]
MUMBAI (TIP): As regulators try to contain one of India’s most spectacular investment scandals, dozens of smaller but similar schemes continue to mushroom, employing tactics similar to the ones that enriched the Sahara group and […]
MUMBAI (TIP): Banks operating out of India will now be able to fund takeovers in dollars. They will also be able to allow customers to place bets on exchange and interest rate movements in addition […]
MUMBAI (TIP): The trend of Indians returning from abroad to work here has picked up pace with the recovery in the country’s economy. Counter intuitively this is even as the monetary benefit that these executives […]
NEW DELHI (TIP): The government said would boost imports of liquefied natural gas (LNG) to improve electricity generation and revive plants worth billions of dollars to fuel economic expansion. India’s plan to import LNG will […]
Facing tough times in its attempt to get its Chief Subrata Roy out of jail, Sahara Group on Tuesday landed in a soup again as the Supreme Court asked it to explain how it encashed […]
WASHINGTON, DC: Shajan Kuriakose, a financial consultant with Indian roots, has will challenge incumbent Alderman Debra Silverstein for the 50th Ward seat in Chicago. In an interview with DNAinfo Chicago, the 36-year-old stated his goal […]
NEW DELHI (TIP): Sahara group on Thursday said it plans to initiate civil and criminal proceedings against US-based Mirach Capital for alleged forgery in committing an over $1 billion bailout package in lieu of the […]
DAVOS, Switzerland (TIP): Google boss Eric Schmidt predicted on Thursday that the internet will soon be so pervasive in every facet of our lives that it will effectively “disappear” into the background. “It will be […]
WASHINGTON (TIP): The United States rolled out a sweeping set of measures on January 15 to significantly ease the half-century-old embargo against Cuba, opening up the country to expanded travel, trade and financial activities. Defying […]
DALLAS (TIP): The shale oil boom has been a blessing to Texas, making the state an economic standout during the past few years of ho-hum U.S. growth. But oil’s dramatic plunge below $55 a barrel […]
MUMBAI (TIP): In a bid to improve efficiency of banks and to bring down their operational costs, the Reserve Bank of India (RBI) has asked banks to make all possible efforts to enable customers to […]
SAN FRANCISCO, CA (TIP): Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, is now offering instant deposits to Kotak Mahindra Bank accounts in India. This revolutionary service allows Xoom customers to instantly deposit […]
MUMBAI (TIP): In the first ever ruling relating to taxation of black money stashed in overseas tax havens, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has given the taxman a lot to […]
NEW DELHI (TIP): The Union government on Friday filed an application in the Supreme Court, saying it cannot disclose details of foreign accounts held by Indians which are governed by bilateral double taxation avoidance treaties. […]
HYDERABAD: The RBI would issue guidelines for small finance banks in a few weeks as it pushed for financial inclusion backed by technolog (TIP)y. “In the next few weeks, we will put out guidelines inviting […]
COIMBATORE (TIP): The Supreme Court’s (SC) decision to cancel all but four coal blocks allocated since 1993 could adversely affect the nascent economic recovery, India Ratings and Research has said. The impact of this ruling […]
DALLAS (TIP): Social media was buzzing throughout a USA Today contest as architecture buffs and residents of the various stakeholder cities weighed in with their opinions. But in the end, everything is still bigger in […]
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