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Latest Updates

President or Luxury Towers: Either Way, Trump Is the Rage in India

February 17th 2018 7:48PM
The president, who enjoys widespread popularity in India, was greeted by Prime Minister Narendra Modi with a bear hug in Washington last June, and the two leaders have frequently discussed greater military cooperation and ramping up trade. Mr. Trump has also taken a harder line toward Pakistan ...

India-Iran Joint Statement during Visit of the President of Iran to India

February 17th 2018 7:20PM
"Towards prosperity through greater connectivity”. His Excellency Dr. Hassan Rouhani, President of the Islamic Republic of Iran, paid his first State Visit to India at the invitation of Prime Minister of the Republic of India, Shri Narendra Modi, from 15-17 February 2018. During the visit, Dr Hassan Rouhani, ...

In India, The Rich Are Getting Richer, But Don't Blame Modi For It

February 17th 2018 7:18PM
Over the last four decades, India's top 1% earners' share of the country's income rose from roughly 7% to 22%, as of 2014. Meanwhile, the income share of the bottom 50% earners declined from roughly 23% in the early 1980s to 15% in 2014. That's according to 2018 World Inequality Report, which ...

The Indian artist challenging 'dirty taboos' on Instagram

February 17th 2018 6:33PM
In an illustration on Instagram, a young woman perched on the arm of a bench can be seen letting out a fart. The Indian artist behind the sketch, Kaviya Ilango, speaks to the BBC's Krutika Pathi about the "dirty taboos" that inspire her. "People generally advise you not to air your dirty laundry in public, but I ...

Trudeau takes his charm offensive to India: Canadian PM arrives with his adorable family for week ...

February 17th 2018 4:18PM
The two countries trade meagerly, exchanging around $8billion of goods per year, and Trudeau has not been to India since he took office despite the 1.4million Indians who live in Canada. On Saturday night, he started by bowing his head and clasping his hands in respect while disembarking his aircraft ...

Three held as $1.8 billion fraud ripples through Indian banks

February 17th 2018 3:48PM
By Aditya Kalra and Rajendra Jadhav. NEW DELHI/MUMBAI (Reuters) - India's federal police detained two employees of Punjab National Bank , the state-run lender that says it has been the victim of a $1.77 billion fraud, in the first arrests in a fast-widening probe into the country's biggest-ever bank ...

India arrests 3 over huge bank fraud

February 17th 2018 3:00PM
NEW DELHI • India's federal police arrested two employees at Punjab National Bank (PNB) believed to be at the centre of a staggering US$1.77 billion (S$2.3 billion) fraud, a police source said yesterday, in the first arrests so far in the country's biggest-ever bank scam. Friday's arrests came amid an ...

India, Iran to cooperate in Iranian port project

February 17th 2018 2:26PM
India and Iran have agreed to cooperate in a port project in Iran, while China presses ahead with port development in India's neighbors. Indian Prime Minister Narendra Modi met with visiting Iranian President Hassan Rouhani in New Delhi on Saturday. The 2 leaders agreed on the project to expand ...

India's diplomatic strike with Iran in Chabahar; Pakistan terror Discussed

February 17th 2018 1:41PM
In a major diplomatic strike, India has landed a deal with Iran that will allow it operational rights in Shahid Beheshti port of Chabahar. A source told Mail Today that this is of "huge strategic significance to India as this arrangement means not only taking care of the operations but also having our own ...

NASA's Mars rover spies possible 'Rock Stripes' on red planet

February 17th 2018 1:40PM
Could this be the legendary "magic bridge" connecting India and Sri Lanka? Science Channel Logo Science Channel 2:26 · a man and a woman posing for a photo: Dating Profile Pics: Seek Professional ...

Fairfax India Announces Proposed Investment in the Catholic Syrian Bank Ltd.

February 17th 2018 1:07PM
(Note: All dollar amounts in this news release are expressed in U.S. dollars, except as otherwise noted). TORONTO, Feb. 17, 2018 (GLOBE NEWSWIRE) -- Fairfax India Holdings Corporation (“Fairfax India”) (TSX:FIH.U) is pleased to announce that it has formally indicated its non-binding interest in ...

Iran deepens freight discount to boost oil sales to India: sources

February 17th 2018 12:45PM
In April through January, the first 10 months of this fiscal year, India imported about 17 percent less Iranian oil at about 442,800 bpd. Supplies from Iran were down as state refiners, which account for about two-third of India's nearly 5 million barrels per day (bpd) demand, curbed imports in protest at ...

Australian cricket team in India in 2018–19

February 17th 2018 12:40PM
The Australia cricket team is scheduled to tour India in February 2019 to play five One Day Internationals (ODIs) and two Twenty20 International (T20I) matches. References[edit]. Jump up ^ "Future Tours Programme" (PDF). International Cricket Council. Retrieved 11 December 2017. Jump up ^ "India ...

I LoU my India

February 17th 2018 12:33PM
Even before I could recover from this excoriating email, my own father forwarded me an article about India's top public intellectuals, with a brief covering note shaming me: “As your father, it pains me to observe that not only have you still not made it to the list of India's top five public intellectuals, you did ...

Canadian PM Trudeau begins 7-day India visit to boost ties

February 17th 2018 11:26AM
National security advisers of India and Canada met here this week, ahead of Canadian Prime Minister Justin Trudeau's seven-day visit to India from Saturday which is aimed at further boosting strategic ties with a focus on defence and counter-terror cooperation. The two NSAs prepared the ground for ...

Iran-India relations: A history of peaceful collaboration

February 17th 2018 10:52AM
Iranian President Hassan Rouhani is on a visit to India this week, repaying a trip by Prime Minister Narendra Modi to Tehran in 2016. Before leaving Tehran, Rouhani said relations between the two nations were historical and deep-rooted, and in his first day in India -- in the city of Hyderabad -- on ...

Indian police arrest three in $1.8 billion state-owned Punjab National Bank scam

February 17th 2018 10:43AM
India's Central Bureau of Investigation (CBI) has made first arrests in the state-run Punjab National Bank scam that allegedly involved billionaire jeweler Nirav Modi obtaining fake documents for overseas loans. Among those arrested were two employees at Punjab National Bank believed to be at the ...

Three held as $1.8 billion fraud ripples through Indian banks

February 17th 2018 10:30AM
The arrests, late on Friday, came two days after India's second-largest state-run lender said it had been hit by massive fraud, sending its share price tumbling. The accusations against the two relatively junior PNB officials were detailed in the lender's disclosure, and also contained in a preliminary police ...

Three held as $1.8 billion fraud ripples through Indian banks

February 17th 2018 10:30AM
Gokulnath Shetty and Manoj Kharat are suspected of steering fraudulent loans to companies linked to billionaire jeweler Nirav Modi and entities tied to jewelry retailer Gitanjali, which is led by Modi's uncle, Mehul Choksi. India's Income Tax department warned in an internal note seen by Reuters that ...

Exclusive: Indian banks may take more than $3 billion hit from PNB fraud - tax department

February 17th 2018 10:18AM
Since then, the loans and guarantees would have increased over the past year and the total “hit” to Indian banks “may well exceed” $3 billion, according to an internal note prepared by the tax authority on its preliminary investigation into India's biggest bank fraud case. According to a complaint by PNB, ...