US aid to India drops by 16 per cent in 2013

United States Secretary of State John Kerry has proposed a 16 per cent cut in the American aid to India, reflecting the transition from a traditional "donor-recipient" relationship to a "strategic......

From US with love: Pak to receive $688 million

The Pentagon has notified the Congress about its decision to reimburse $688 million to Pakistan, under Coalition Support Fund (CSF), which is cost of providing support for some 140,000 troops......

India hasn't quite slammed the door on Iran: US report

India is hesitant to implement all aspects of US and European Union sanctions against Iran, a Congressional report has said, attributing this to New Delhi's reliance on Tehran with regards to......

ICICI Bank, Kochhar have replied to show-cause notices: Sebi

The cases under scanner include significant loan exposure of the bank to Videocon way back in 2012 and the alleged involvement of the Kochhar family in restructuring of that loan. Markets watchdog......

IL&FS crisis: Was correction in NBFC stocks overdue?

Second-tier NBFC stocks are trading at 24.4x their trailing earnings, which is nearly twice their 15-year average of 13.9x A sharp decline in share prices of non-banking finance companies (NBFCs)......

GoAir CEO Giorgio De Roni quits

The Wadia Group-promoted budget carrier GoAir Chief Executive Giorgio De Roni has quit the carrier, citing health reasons, sources said. De Roni, an Italian national, had joined GoAir in 2011. "De......

Indian economy needs $800 bn annually for 7% growth

India needs $800 billion (Rs 50 lakh crore) annually if the economy is to grow at 7 per cent, Financial Services Secretary Hasmukh Adia said on Monday.  Noting that last year fund inflows......