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  • US announces sanctions on Iranian paramilitary force
    on October 16, 2018 at 5:43 pm

    ​​​In announcing the sanctions, the Treasury said a network of more than 20 businesses known as the Bonyad Taavon Basij was financing the Basij Resistance Force, a component of Iran's Islamic Revolutionary Guard Corps (IRGC). […]

  • Boko Haram kills second kidnapped aid worker in Nigeria: Red Cross
    on October 16, 2018 at 5:27 pm

    Islamic State-allied Boko Haram jihadists have killed another kidnapped female Red Cross worker in northeast Nigeria, the agency said on Tuesday, a month after militants murdered one of her colleagues. Three female health workers were kidnapped on March 1 during a Boko Haram raid on the remote town of Rann, in Borno state, that killed three other aid workers and eight Nigerian soldiers. […]

  • Top US diplomat says Saudi back probe into missing writer
    on October 16, 2018 at 5:12 pm

    President Donald Trump dispatched his secretary of state on the urgent mission to Riyadh to defuse a crisis over Khashoggi, an insider turned critic of the conservative monarchy who was last seen on October 2 when he entered the Saudi consulate in Istanbul to sort out marriage paperwork. […]

  • World Heritage sites threatened by sea level rise
    on October 16, 2018 at 5:03 pm

    From Venice and tower of Pisa to the medieval city of Rhodes, dozens of UNESCO World Heritage sites in Mediterranean basin are deeply threatened by rising sea levels, researchers warned Tuesday. All but two of 49 UN-recognised icons of human civilisation rimming the Mediterranean Sea risk being damaged by the rising watermark, soil erosion, or both. […]

  • Donald Trump calls pornstar Stormy Daniels 'Horseface'
    on October 16, 2018 at 4:45 pm

    The US president is a fan of calling his many opponents or critics names but the equine insult, tossed out in a mid-morning tweet on Tuesday, is a new one. The 39-year-old blond , whose real name is Stephanie Clifford, had a defamation suit against Trump thrown out by a federal judge on Monday. […]

  • Putin to attend ceremony marking 100 years of WWI
    on October 16, 2018 at 2:50 pm

    Apart from attending the ceremony marking 100 years of the end of the First World War, Vladimir Putin will go to a working breakfast organised by French President Emmanuel Macron and later lay flowers at a monument to Russian soldiers in the capital, said Yuri Ushakov . […]

  • President Trump raises more than $ 100 million for 2020 re-election
    on October 16, 2018 at 2:31 pm

    President Donald Trump has raised more than $ 100 million for his re-election battle in 2020, giving him a huge financial advantage over many potential Democratic contenders jockeying to challenge him, US media reports on Tuesday. The President raised over $ 18 million during the July-to-September fundraising quarter through his campaign committee and the joint fundraising operations ​ […]

  • Donald Trump lashes out at Elizabeth Warren over DNA test, calls her 'phony!'
    on October 16, 2018 at 1:23 pm

    Warren released the test results on Monday in part to push back against Trump's longstanding taunts about her ancestry claims. The results provide some evidence of a Native American in her lineage, though the ancestor probably lived six to 10 generations ago, according to the analysis. […]

  • China's Communist party expels 2 former generals
    on October 16, 2018 at 12:40 pm

    General Fang is the latest in the list of a host of top defence officials caught in the anti-graft campaign launched by President Xi since 2013. Over 50 top generals have been punished under the anti-graft campaign which, observers say, also helped him to consolidate his power. […]

  • Turkish foreign minister says no 'confession' from Saudis over Khashoggi
    on October 16, 2018 at 12:15 pm

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  • China says more projects planned under CPEC
    on October 16, 2018 at 10:44 am

    An IMF team is scheduled to arrive in Pakistan on November 7 to negotiate the programme, likely to span over a three-year period, Pakistan's Finance Minister Asad Umar said on Sunday after his meeting with the Managing Director Christine Lagarde in Indonesia. […]

  • Court extends Shahbaz Sharif's remand by 14 days in Rs 1,400 cr housing scam
    on October 16, 2018 at 10:35 am

    Shahbaz, 67, the younger brother of ousted Pakistan prime minister Nawaz Sharif, was arrested by the National Accountability Bureau (NAB) on October 5 in the Ashiana-e-Iqbal housing project scam. He was remanded to a 10-day custody to NAB. […]

  • China backs Imran's 'Naya Pakistan' initiative
    on October 16, 2018 at 10:17 am

    China's Minister of international development Song Tao met Pakistan PM Imran Khan on Monday and assured Beijing's support to Pakistan at all regional and international fora. He also assured Khan of China's support in his agenda of poverty alleviation, fight against corruption and agricultural development. […]

  • North Korea slams US for 'evil' sanctions push
    on October 16, 2018 at 10:00 am

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  • Pompeo in Saudi for crisis talks on missing journalist
    on October 16, 2018 at 8:08 am

    US President Trump dispatched Mike Pompeo to Riyadh for what the state department described as "face to face meetings with the Saudi leadership". Pompeo held talks with Saudi King Salman on Tuesday seeking answers about the disappearance of journalist Jamal Khashoggi. he is also slated to have dinner with Crown Prince Mohammed bin Salman. […]

  • Women hold key to first major vote of Trump era
    on October 16, 2018 at 7:19 am

    The "Call Your Sister" initiative was launched by organizers of the women's march, in which more than a million people nationwide took to the streets after Trump's January 2017 inauguration. […]

  • US alarmed by China's 'predatory' practices: James Mattis
    on October 16, 2018 at 6:56 am

    "We're two large powers, or two Pacific powers, two economic powers. There's going to be times we step on each other's toes, so we're going to have to find a way to productively manage our relationship," James Mattis said. […]

  • Trump sends Pompeo to Riyadh over Khashoggi
    on October 16, 2018 at 6:20 am

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  • Brexit clouds on horizon for Holyhead's lifeline port
    on October 16, 2018 at 4:57 am

    Just 117 kms from the Irish capital Dublin, the Holyhead port's future will depend on how any Brexit deal affects two borders — the one between EU member state Ireland and Britain and the one between Northern Ireland and mainland Britain. The concern is that companies will start finding alternative trade routes for goods travelling between Ireland and continental Europe to avoid Britain after Brexit. […]

  • Trump '100 per cent' with me: US defence chief Mattis
    on October 16, 2018 at 4:44 am

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  • Investor wealth soars Rs 5.30 lakh crore in three days of market rally
    on October 16, 2018 at 2:28 pm

    As the equity market continued its winning run for the third straight session on Tuesday, investor wealth soared Rs 5.30 lakh crore in the rally since Friday. In the three trading sessions, the sensex gained 428.9 points. From the 30-share pack, 22 stocks ended with gains led by Mahindra & Mahindra, Adani Ports and Special Economic Zone and ONGC […]

  • Hero MotoCorp's net profit dips marginally in Q2
    on October 16, 2018 at 12:23 pm

    The company had posted a net profit of Rs 1,010.49 crore for the same period of the previous fiscal, Hero MotoCorp said in a BSE filing. Revenue from operations for the quarter under review stood at Rs 9,090.94 crore as against Rs 8,371.74 crore in the same period previous fiscal, it added. […]

  • Rupee spurts 35 paise, ends at nearly 2-week high
    on October 16, 2018 at 12:11 pm

    At the Interbank Foreign Exchange, the rupee opened on a firm note at 73.79 from Monday's close of 73.83. During the day the domestic currency gained further ground to hit a high of 73.47 against the US dollar, driven by selling of the greenback by exporters. […]

  • Infosys net profit rises 10.3% to Rs 4,110 crore in Q2
    on October 16, 2018 at 10:52 am

    The country's No. 2 software services exporter, has also declared an interim dividend of Rs 7 per equity share. Record date for interim dividend has been fixed on October 27 and October 30 will be the payment date, Infosys said in a statement to stock exchanges. […]

  • General Provident Fund interest rate hiked to 8%
    on October 16, 2018 at 10:23 am

    The interest rate would apply on Provident Funds of central government employees, railways and defence forces. Last month, the government announced that the interest on small savings, including NSC and PPF, will be hiked by up to 0.4 percentage point for the October-December quarter, to align it with rising deposit rates in the banks. […]

  • Sensex ends nearly 300 points up; Nifty at 10,585
    on October 16, 2018 at 10:16 am

    Adani Ports, Mahindra and Mahindra, ONGC and ICICI Bank were among the major gainer on BSE, rising as much as 4.17 per cent. On NSE, Nifty PSU Bank and Realty were the top performing sub-indices, gaining as much as 2.72 per cent. […]

  • US sanctions against Iran: Govt says no issues with oil supplies, sentiment hurting price
    on October 16, 2018 at 9:48 am

    Refusing to say if India has sought a waiver of sanctions from the US as to continue purchasing crude oil from Iran, oil minister Dharmendra Pradhan said he has articulated the country's position on importing oil from the Persian Gulf nation in November and "there is nothing new to repeat." […]

  • 'Insurance cos not covering storage of Iranian oil'
    on October 16, 2018 at 8:43 am

    Senior officials on Monday had said that Indian oil companies have optional volumes built in their annual crude oil purchase contracts with suppliers like Saudi Arabia and Iraq that will be more than enough to make up for any shortfall in supplies from sanctions-hit Iran. […]

  • 'Amazon likely to buy 7-8% stake in Future Retail'
    on October 16, 2018 at 7:38 am

    Amazon.com Inc is likely to buy at least 7 per cent to 8 per cent stake in India's Future Retail Ltd through an investment arm. The potential cash-and-stock deal, which is in its final stages, could be worth Rs 2,500 crore ($338 million) and is likely to be signed in the next two weeks. […]

  • Low food prices may hurt for PM Modi's budget plans
    on October 16, 2018 at 6:19 am

    For Prime Minister Narendra Modi, the subdued inflation numbers, largely due to low food prices, may present a budget problem. His government may have to shell out more to compensate farmers for low market prices of some crops under a plan announced this year with a view to double farm incomes by 2022. […]

  • 'India attracted $22bn of FDI flows in first half of 2018'
    on October 16, 2018 at 4:12 am

    The UN Conference on Trade and Development (UNCTAD) stated that the global Foreign Direct Investment (FDI) dropped by 41%.In the same period, India attracted $22 billion of FDI. China was the largest recipient of FDI, attracting an estimated $70 billion, followed by the UK with $65.5 billion and the US with $46.5 billion. […]

  • Markets open higher, Sensex reclaims 35,000-mark
    on October 16, 2018 at 4:06 am

    Asian Paints, IndusInd Bank, Adani Ports, ONGC and ICICI Bank were among the top performing stock on BSE, rising as much as 2.84 per cent. On NSE, sub-indices Nifty Pharma and IT were leading the pack, surging as much as 2.61 per cent. […]

  • Exports dip 2% despite sharp rupee depreciation
    on October 16, 2018 at 12:47 am

    In September 2018, exports were estimated at close to $28 billion, compared to $28.6 billion a year ago. Imports, however, rose 10.4% to $41.9 billion, resulting in a trade deficit of nearly $14 billion. […]

  • Banks move RBI for Aadhaar use as UIDAI bars fintechs
    on October 15, 2018 at 10:30 pm

    The Indian Banks’ Association (IBA) has said that the entire concept of micro-financing will be impacted if credit checks based on the unique ID number are removed. The IBA has asked the RBI to restore the KYC guidelines that made it mandatory to link every bank account with the holder’s Aadhaar number. […]

  • Microsoft co-founder Paul Allen dies at 65
    on October 15, 2018 at 10:29 pm

    Allen and Gates founded Microsoft Corp. in 1975. Microsoft’s big break came in 1980, when IBM Corp. decided to move into personal computers. IBM asked Microsoft to provide the operating system. The decision thrust Microsoft onto the throne of technology and the two Seattle-natives became billionaires. Both later dedicated themselves to philanthropy. […]

  • RIL set to unveil big stakes in Hathway, DEN
    on October 15, 2018 at 6:00 pm

    on Wednesday, the Reliance Industries (RIL) is likely to announce acquiring of big stakes in Hathway Cable and DEN Networks. The move will boost RIL's launch of its home broadband services.RIL will own shares in Hathway and DEN through a common entity, which will become the holding company of the two multi-system operators. […]

  • NCLAT stays proceedings against IL&FS, subsidiaries
    on October 15, 2018 at 3:13 pm

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  • PM Modi urges oil suppliers to review payment terms
    on October 15, 2018 at 11:16 am

    Prime Minister Narendra Modi urged global oil suppliers on Monday to review payment terms in order to give relief to the weak rupee. India, which imports more than 80 per cent of its oil imports, has been under pressure as crude oil prices have surged and its rupee currency has lost value. […]

  • Trade deficit lowest in 5 months; exports turn negative
    on October 15, 2018 at 10:59 am

    NEW DELHI: India's September trade deficit hit its lowest level in five months at $13.98 billion, the country's trade ministry said in a statement on Monday. The figure is despite a rising oil import bill for India, the world's third-biggest crude importer, amid concerns that US sanctions against Iran next month would remove a substantial volume of crude oil from the world markets. […]

  • Ongoing labour issues may hurt govt's jobs push
    on October 15, 2018 at 9:51 am

    Motorbike makers, such as Japan's Yamaha, and India's Eicher Motors - maker of the iconic Royal Enfield motorcycles - have been hit hard by walkouts, although major carmakers have been largely unscathed. […]

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