Who is afraid of the Modi-Obama 'bromance'? Certainly not China
Jan 31, 2015 at 12:35 | Source:
The broad road map for future strategic cooperation set out by the Obama-Modi joint statement is welcome and necessary. However, India must be very careful not to do this at the cost of its relationship with China. The sheer economic clout of China c...
At 6.9% growth, new GDP formula gives Chidu's budget a post-facto boost
Jan 30, 2015 at 19:40 | Source:
The new method to calculate the country's GDP by changing the base year for computing national accounts has pushed up the economic growth rate for 2013-14 to 6.9 percent, while earlier estimate on the basis of old series was 4.7 percent. This would o...
South Australia fires: 'Hundreds' of animals dead
Jan 30, 2015 at 13:32 | Source:
Hundreds of animals are believed to have been killed in South Australia since bushfires began burning out of control in the Adelaide Hills last Friday. Vets and animal rescue teams have gained access to parts of the devastated areas to treat pets, li...
When 40% revenue growth isn’t enough
Jan 30, 2015 at 01:41 | Source:
Alibaba, the world's largest e-commerce firm, has reported annual revenue growth of 40% in its debut report since its record-breaking share flotation. That would be impressive for most companies, but the $4.2bn earned fell short of analysts'...
Blizzard hits Boston and New England, spares New York despite forecasts
Jan 29, 2015 at 01:20 | Source:
BOSTON/NEW YORK (Reuters) - A powerful blizzard struck Boston and surrounding New England on Tuesday, leaving some 4.5 million people grappling with as much as three feet of snow and coastal flooding but sparing New York City residents who had braced...
Qatari-led group wins $4 billion battle for Canary Wharf
Jan 28, 2015 at 23:30 | Source:
LONDON (Reuters) - A Qatari-led consortium looked set to win its long-running battle to buy Songbird Estates Plc on Wednesday after the owner of London's Canary Wharf business district dropped its opposition to the $4 billion offer.Songbird said it s...
Greece will not default - PM Tsipras
Jan 28, 2015 at 17:46 | Source:
Syriza, the left-wing party that stormed to power in Greece with 36% of the vote, has promised to ditch austerity and renegotiate the country's €240bn (£180bn; $270bn) bailout with the European Union and International Monetary Fund. But what ...
NASSCOM sees positive business climate change after Obama visit
Jan 28, 2015 at 09:29 | Source:
National Association of Software and Services Companies (NASSCOM) issued a statement saying it is thankful to the Government of India, for bringing forth Indias concerns on the H-1B visa to the United States and getting an agreement with the US gover...