Brussels (Belgium): Siddhant Thingalaya, 21-year-old athlete from Mumbai, set an Indian record in 110m hurdles with a timing of 13.65 seconds at the Belgium Athletics National Championship here. Siddhant fell short by five-hundredth of a second to meet Olympic qualification Sunday. However, he remains committed to his quest to become the first Indian hurdler to [...]
Washington: In an election-year move hailed by South Asian, Latino and other immigrant organisations, President Barack Obama announced that his administration will stop deporting talented young illegal immigrants if they pose no criminal or security threat. The changes caused by his executive order will make immigration policy “more fair, more efficient and more just,” he [...]
Mumbai: After falling for five straight weeks, India’s foreign exchange reserves grew by $1.52 billion to $287.37 billion for the week ended June 8, 2012, official data showed. The reserves had plunged by $2.40 billion to $285.85 billion for the week ended June 1, apparently due to the Reserve Bank of India (RBI) selling [...]
New Delhi/Mumbai: Indian industry Monday expressed disappointment over the Reserve Bank of India’s (RBI) decision to keep key lending rates unchanged to control inflation while the economy is facing a slow-down. “CII (Confederation of Indian Industry) and industry are disappointed by the monetary stance taken by the RBI in today’s (Monday’s) policy announcement,” CII director [...]
Mumbai: Continuing his tough stance, Civil Aviation Minister Ajit Singh Monday termed the Air India pilots’ strike as “illegal” and asked all striking pilots to resume work immediately. Hitting out at the 400 Air India pilots of the derecognized Indian Pilots Guild, Ajit Singh said there is no common grounds for talks between the management [...]
New Delhi: Former president A.P.J. Abdul Kalam Monday opted out of the presidential election after studying the “totality” of the situation, dealing a blow to the BJP and Trinamool Congress leader Mamata Banerjee who badly wanted him to take on Pranab Mukherjee. His decision spiked what could have been a high-profile battle between him [...]
New Delhi: Fitch Ratings Monday downgraded India’s economic outlook to negative from stable, saying the country’s growth outlook could deteriorate if policy-making and governance do not improve. The rating agency affirmed the economy’s long-term foreign- and local-currency issuer default ratings (IDRs) at ‘BBB-’, the lowest investment grade. Fitch said the outlook revision reflected heightened risks [...]
