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Banks anywhere else would've settled with Mallya: But nowhere else would he get loans

Apr 30, 2016 at 14:37 | Source: FirstPost

In some ways, Vijay Mallya, Chairman of the UB group of companies, may be right. He does rightly point out in a recent interview toFinancial Timesthat the speed with which his passportwas revoked is unprecedented in Indias history.He is right in stat...

Vodafone India IPO: Company picks BofA, Kotak, UBS, other banks, say sources

Apr 30, 2016 at 12:21 | Source: FirstPost

British telecoms operator Vodafone has picked Bank of America Merrill Lynch (BofA), Kotak Investment Banking and UBS as joint global coordinators of its Indian unit's IPO, people familiar with the matter said, kicking off its long-awaited listing pla...

Banks anywhere else would've settled with Vijay Mallya: But nowhere else would he get loans

Apr 30, 2016 at 11:52 | Source: FirstPost

In some ways, Vijay Mallya, Chairman of the UB group of companies, may be right. He does rightly point out in a recent interview toFinancial Timesthat the speed with which his passportwas revoked is unprecedented in Indias history.He is right in stat...

Burning bright: Award-winning ecologist Uma Ramakrishnan speaks of her tiger conservation work

Apr 30, 2016 at 10:49 | Source: FirstPost

Recently in the limelight for being the first Indian to receive the prestigious Parker/Gentry Award presented by Field Museum, Chicago (honouring an individual or organisation for significant contributions in the field of conservation biology), Dr Um...

Bittersweet symphony: Finnish conductor Osmo Vnsk talks music, and motorbikes

Apr 30, 2016 at 10:49 | Source: FirstPost

He has been the music director of the Minnesota Orchestra for over a decade. His recent and upcoming performances include his return to the Chicago and San Francisco symphony orchestras, The Cleveland Orchestra, Israel Philharmonic Orchestra and Orch...

True, anywhere else banks would've settled with Mallya. But, nowhere else he'd have got the loan!

Apr 30, 2016 at 09:52 | Source: FirstPost

In some ways, Vijay Mallya, Chairman of the UB group of companies, may be right. He does rightly point out in a recent interview toFinancial Timesthat the speed with which his passportwas revoked is unprecedented in Indias history.He is right in stat...

Canadian-run Syrian clinic was evacuated before strike on hospital - operator| Reuters

Apr 30, 2016 at 06:30 | Source: FirstPost

TORONTO A Canadian-run health care centre in Aleppo, Syria that was hit by an air strike on Friday had been evacuated in the wake of another bombing at a hospital earlier this week, a spokesman for the non-profit group that operated it said."Aft...

Wall Street falls as earnings weigh; Dow, S&P up for month| Reuters

Apr 30, 2016 at 02:45 | Source: FirstPost

NEW YORK U.S. stocks posted their largest weekly drop in more than two months on Friday as earnings reports continued to weigh, but the S&P 500 and Dow managed to close up for April after strong showings mid-month.Company results once more gave t...

Yen posts biggest weekly gain since 2008, stocks slip| Reuters

Apr 30, 2016 at 02:15 | Source: FirstPost

NEW YORK The yen hit an 18-month high on Friday as investors bet the Bank of Japan might be done adding stimulus to the economy, while stocks in Europe and on Wall Street headed lower as earnings disappointed.Major European stock indexes closed down ...

China denies Hong Kong visit request by U.S. carrier group - Pentagon| Reuters

Apr 30, 2016 at 01:17 | Source: FirstPost

WASHINGTON/HONGKONG China has denied a request for a U.S. carrier strike group led by the USS John C. Stennis to visit to Hong Kong, the U.S. Defense Department said on Friday, amid heightened tensions over China's territorial claims in the South Chi...

Gold, silver hit 15-month highs as dollar slides| Reuters

Apr 30, 2016 at 01:15 | Source: FirstPost

NEW YORK/LONDON Gold and silver prices rallied 2 percent to their highest since January last year on Friday as the Bank of Japan's decision the previous day to hold off expanding monetary stimulus weighed heavily on the dollar, and European and U.S. ...

GLOBAL ECONOMY WEEKAHEAD - U.S. jobs may offer solace after stalled growth | Reuters

Apr 30, 2016 at 00:15 | Source: FirstPost

BRUSSELS After almost stalling in the first quarter, the U.S. economy will show whether it has got back into gear in the coming week with the monthly report on the labour market that has so far shrugged off global concerns and the strong dollar. Gros...

Vodafone India mandates for up to US$3 billion IPO| Reuters

Apr 29, 2016 at 23:45 | Source: FirstPost

(IFR) - UK telecom giant Vodafone has mandated Bank of America Merrill Lynch, Kotak and UBS as joint global coordinators for the IPO of its Indian unit, according to two sources. The IPO is expected to raise US$2bn$3bn, potentially smashing the Rs155...

China denies request for Hong Kong visit by U.S. carrier group - Pentagon| Reuters

Apr 29, 2016 at 23:16 | Source: FirstPost

WASHINGTON/HONGKONG China has denied a request for a U.S. carrier strike group led by the USS John C. Stennis to visit to Hong Kong, the U.S. Defense Department said on Friday, amid heightened tensions over China's territorial claims in the South Chi...

ICICI Bank's dim view of bad loans drives quarterly profit to decade low| Reuters

Apr 29, 2016 at 23:15 | Source: FirstPost

MUMBAI ICICI Bank (ICBK.NS), India's largest private sector lender, expects more loans made to sectors like steel may sour, a belief that forced it to set aside a bigger sum to cover any losses from them and drove its quarterly profit down to a decad...

India, Pakistan should address problem of terrorism: Mehbooba Mufti

Apr 29, 2016 at 20:40 | Source: FirstPost

Udhampur (J&K): Both India and Pakistan need to address the problem of terrorism like other countries which are coming closer to combat terrorism, Jammu and Kashmir Chief Minister Mehbooba Mufti said on Friday.Talking to reporters in Udhampur, sh...

Ban on diesel cars, SUVs will be counter-productive, says auto body SIAM

Apr 29, 2016 at 18:56 | Source: FirstPost

New Delhi: A day ahead of the Supreme Court hearing on ban on big diesel cars and SUVs in the Capital andNCR, auto industry body,Society of Indian Automobile Manufacturers (SIAM) on Friday said such restriction is not going to achieve the desired obj...

Kerala Assembly polls: 'Food for all, jobs for all'; LDF, UDF campaigns fuel false promises

Apr 29, 2016 at 18:38 | Source: FirstPost

The unprecedented heat wave sweeping across Kerala has made door-to-door campaigning tough for political parties and their candidates ahead of the 2016 KeralaAssembly polls. Yet, the severe heat waveand its effects on the people find no mention in th...

LeEco is rumoured to launch its first Made for India smart device

Apr 29, 2016 at 16:22 | Source: FirstPost

The internet and technology conglomerate, LeEco is expected to unveil its first Made for India smart device on May 3rd in Mumbai. The phone is being touted as a unique device for several reasons. It is being speculated that perhaps the price will be ...

Loss of ocean oxygen to become widespread by 2030s, claims study

Apr 29, 2016 at 15:27 | Source: FirstPost

New York:There is bad news for marine life as a new study has found that loss of oxygen in oceans due to climate change which is already discernible in some parts of the world should be evident across large regions of the oceans between 2030 and 2040...

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