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RBI eases bank loan rules for low-cost housing

Mar 06, 2015 at 23:45 | Source: FirstPost

MUMBAI (Reuters) - The Reserve Bank of India (RBI) has allowed lenders to add the cost of registration and stamp duty in the total cost of a house valued at not more than 1 million rupees for determining the maximum loan the property can get, in a mo...

"Made in China" nuclear reactors a tough sell in global market

Mar 06, 2015 at 20:30 | Source: FirstPost

HONG KONG/BEIJING (Reuters) - As China signs global deals to export its nuclear power technology, it faces a huge obstacle: it still needs to show it can build and safely operate these reactors at home.Aided by foreign technology acquired during thre...

Matter of common sense: Karnataka HC pulls up TN officials in Jaya DA case

Mar 06, 2015 at 18:47 | Source: FirstPost

Bengaluru: The Karnataka High Court on Friday virtually questioned the "common sense" of Tamil Nadu officials who over-valued the properties of former Chief Minister Jayalalithaa and three other accused in the disproportionate assets case.&...

India not taking action against notorious markets like Nehru Place: US

Mar 06, 2015 at 16:47 | Source: FirstPost

Washington: India has not taken meaningful and effective action against notorious markets like the Nehru Place in New Delhi where counterfeit products are openly sold, the US has alleged."Numerous markets in India have appeared in past Lists, wi...

RBI eases norms for home loans for up to Rs 10 lakh

Mar 05, 2015 at 21:46 | Source: FirstPost

New Delhi: Giving a boost to affordable housing, the RBI today eased the norms for home loans for up to Rs 10 lakh by allowing banks to include stamp duty and registration charges to the cost of a unit.These charges form around 15 percent of the cost...

China: Why 10 million is the key number

Mar 05, 2015 at 15:22 | Source: BBC

China's move to cut its growth target to 7% in 2015 from 7.5% last year has grabbed headlines, but the key number is the unchanged job creation target of 10 million. During the annual meeting of China's legislators, Premier Li Keqiang set t...

China sets 2015 growth target at 7%

Mar 05, 2015 at 12:42 | Source: BBC

China, the world's second-largest economy, has set its growth target at about 7% for this year, the government said. The announcement was made by Premier Li Keqiang at the start of the National People's Congress on Thursday. The target is l...

Singapore to cane and jail two Germans for vandalism

Mar 05, 2015 at 12:42 | Source: BBC

Two German men have been sentenced to three strokes of a cane and nine months in jail in Singapore for vandalism and trespassing. Andreas Von Knorre and Elton Hinz pleaded guilty to entering a train depot and spraying graffiti on a train. Singapore h...

China signals "new normal" with lower annual growth target

Mar 05, 2015 at 09:30 | Source: FirstPost

BEIJING (Reuters) - China on Thursday announced an economic growth target for this year of around 7 percent, signalling its lowest rate of expansion for a quarter of a century, and said it would increase government spending to support the slowing eco...

Boost for future cure as scientists discover 'hiding place' of HIV in human cells

Mar 04, 2015 at 10:21 | Source: FirstPost

Rome: A team of scientists in Italy has discovered the "hiding place" of HIV virus in cells that holds promise for important developments towards new therapies to cure the disease.The team at the International Center for Genetic Engineering...

Australia's economy grows 2.5% on year

Mar 04, 2015 at 10:17 | Source: BBC

Australia's economy grew 2.5% in the fourth quarter of 2014 from a year earlier, marking its slowest pace of annual growth last year. The economy grew 0.5% in the October to December period from the last quarter, when quarterly growth was 0.4%. ...

Sahara's Grosvenor House hotel in London put up for sale

Mar 03, 2015 at 22:30 | Source: FirstPost

NEW DELHI/MUMBAI (Reuters) - London's landmark Grosvenor House hotel has been put up for sale after its owner, part of troubled Indian conglomerate Sahara which has been trying to raise funds for its jailed boss Subrata Roy, was placed into administr...

Sahara's Grosvenor House put on sale by Bank of China; may fetch Rs 5,000 cr

Mar 03, 2015 at 21:51 | Source: FirstPost

London/New Delhi: In fresh troubles for crisis-hit Sahara, its over Rs 5,000-crore worth Grosvenor House hotel has been put on sale by the lender Bank of China after a default, which the group attributed to certain "technical breaches".Saha...

Sahara puts London-based Grosvenor House on sale, may fetch Rs 5,000 cr

Mar 03, 2015 at 20:54 | Source: FirstPost

London: In a fresh twist to crisis-hit Sahara Group's efforts to raise funds, its iconic hotel property Grosvenor House, estimated to be worth over Rs 5,000 crore, has been put on sale by lenders.Grosvenor House, a landmark property on Park Lane here...

The bull whose semen is worth $3,000

Mar 03, 2015 at 19:47 | Source: BBC

In the sprawling yard of a three-storey beige stucco building in a village in northern India, a large buffalo ambles around on yoga mats, his dark eyes sizing up the new visitors wearily. Yuvraj is a handsome animal with oiled backward-curving horns,...

Singapore at 50: From swamp to skyscrapers

Mar 03, 2015 at 17:12 | Source: BBC

Fifty years ago Singapore became an independent state, after leaving the short-lived Malaysian Federation. With no natural resources, just how did this tiny country go from swamp to one of the region's leading economies? On the strength of its h...

How do Singapore's poor families get by?

Mar 03, 2015 at 17:12 | Source: BBC

Nurhaida Binte Jantan is making dinner. She is roasting otah-otah, a Malay dish of fish paste wrapped in banana leaves, over a portable stove. She is a 29-year-old unemployed single mother with six children from five to 13 years old. She lives in a t...

Pakistan national carrier PIA buys 6 flats in Delhi without getting RBI clearance

Mar 03, 2015 at 15:49 | Source: FirstPost

New Delhi: Pakistani carrier PIA purchasedimmovable property in the national capital without obtainingprior approval from the Reserve Bank, Parliament was informedtoday.Replying to a question on foreign companies acquiredflats/offices in India withou...

Eating out at a 5-star hotel? You may soon be forced to pay by card only

Mar 03, 2015 at 11:57 | Source: FirstPost

Never mind that eating out has gotten more expensive thanks to the government raises service taxes to 14 percent from the current 12.36 percent, but you may soon have to start paying by card only if you have incurred bill of over Rs 5,000 while eatin...

In biggest deal since Autonomy, HP to buy Wi-Fi gear maker Aruba Networks for $2.7 bn

Mar 03, 2015 at 10:39 | Source: FirstPost

Hewlett-Packard Co said it would buy Wi-Fi network gear maker Aruba Networks Inc for about $2.7 billion, the biggest deal for the world's No. 2 PC maker since its botched acquisition of Britain's Autonomy Plc in 2011.HP has had a dismal record for bi...

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