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61,000 millionaires left India in the last 14 years: Why are the richie rich fleeing the country?

Jul 28, 2015 at 11:49 | Source: FirstPost

India has the second highest millionaire outflow in the world. A new report by global wealth sector information consulting services firm New World Wealth reveals that India has seen its high net worth individuals leave the country in droves in the la...

Teva to buy Allergan generic business for $40.5 billion, drops Mylan bid| Reuters

Jul 28, 2015 at 01:15 | Source: FirstPost

TEL AVIV Israels Teva Pharmaceutical Industries will pay $40.5 billion in cash and stock for Allergans generic drugs business, solidifying Teva's position as the world's No. 1 maker of generics while freeing Allergan to focus on branded drugs, paying...

Greek creditors seek third wave of reforms before loan| Reuters

Jul 28, 2015 at 00:30 | Source: FirstPost

BRUSSELS/ATHENS International creditors want Greece to enact a third wave of politically sensitive reforms before they will release any money to keep the near bankrupt country afloat under a third bailout they began negotiating on Monday.The governme...

Breather for Air India as losses down to Rs 5,547.47 cr

Jul 27, 2015 at 21:47 | Source: FirstPost

New Delhi: National carrier Air India has reduced its net loss by more than a quarter to Rs 5,547.47 crore in the previous fiscal as compared to a net loss of Rs 7,559.74 crore in FY12, government said today.Air India has achieved the target set out ...

Tax worries, security concerns: More than 61000 Indian millionaires have moved abroad in last 14 years

Jul 27, 2015 at 10:56 | Source: FirstPost

New Delhi: India has seen the second-biggest outflow of high net worth individuals in last 14 years, with as many as 61,000 millionaires shifting base abroad due to reasons like tax, security and child education, says a report.A joint report by New W...

Vyapam whistleblower Prashant Pandey's wife detained on hawala allegations, cops say it's not vendatta

Jul 27, 2015 at 09:20 | Source: FirstPost

Indore: A day after Vyapam scam whistleblower Prashant Pandey's wife was briefly detained and Rs 9.96 lakh alleged hawala money was seized from her, the Madhya Pradesh police on Sunday denied Pandey's charge that they had acted as part of vendetta.&q...

More than 61000 Indian millionaires moved abroad in last 14 years, reveals report

Jul 27, 2015 at 08:18 | Source: FirstPost

New Delhi: India has seen the second-biggest outflow of high net worth individuals in last 14 years, with as many as 61,000 millionaires shifting base abroad due to reasons like tax, security and child education, says a report.A joint report by New W...

Aging abroad: Indians fashion their own retirement communities in the US

Jul 27, 2015 at 07:26 | Source: FirstPost

Republished from New America Mediaby Sarita SarvateTavares, Florida: I am domesticated, broken, tamed, Arun Pancholi said. But as he speaks, his cheeks break into playful dimples. With a baseball hat stylishly cocked on his head, he looks like a misc...

Rand Paul plans to keep pushing to defund U.S. Planned Parenthood| Reuters

Jul 27, 2015 at 01:15 | Source: FirstPost

WASHINGTON U.S. Republican presidential contender Rand Paul said on Sunday he plans to push Congress to cut federal funding for the non-profit reproductive healthcare organization Planned Parenthood in a debate over its treatment of aborted fetal tis...

Aging abroad: Indians fashion their own retirement communities in America

Jul 26, 2015 at 15:58 | Source: FirstPost

Republished from New America Mediaby Sarita SarvateTavares, Florida: I am domesticated, broken, tamed, Arun Pancholi said. But as he speaks, his cheeks break into playful dimples. With a baseball hat stylishly cocked on his head, he looks like a misc...

The Return of the Native? Shashi Tharoor's critique of Britain misses the mark

Jul 25, 2015 at 17:58 | Source: FirstPost

The former under-secretary general of the United Nations, distinguished writer and essayist and controversial Member of Parliament, Shashi Tharoor, has in an Oxford University debate argued that the demand for reparations for British colonization of ...

Curb betting in cricket and check donations: SIT on black money

Jul 25, 2015 at 11:57 | Source: FirstPost

New Delhi: To check the black money menace, the Supreme Court-appointed SIT today called for effective norms to curb betting in cricket and a stronger set of norms for P-Notes, while also making a case for bringing donations to educational and religi...

Parliament logjam: Can the Congress beat BJP's record of disruption?

Jul 25, 2015 at 09:55 | Source: FirstPost

This is perhaps a stunning example of BJPs contradictory political behaviour: the party that disrupted the Parliament the most in the last five decades crying foul that the Opposition is not allowing the house to work. The cavalier manner in which it...

Parliament logjam: Can Congress beat BJP's record of disruption?

Jul 25, 2015 at 08:10 | Source: FirstPost

This is perhaps a stunning example of BJPs contradictory political behaviour: the party that disrupted the Parliament the most in the last five decades crying foul that the Opposition is not allowing the house to work. The cavalier manner in which it...

Motive eludes investigators in Louisiana theater rampage| Reuters

Jul 25, 2015 at 00:31 | Source: FirstPost

LAFAYETTE, La. A jobless 59-year-old man whose estranged family feared him was identified by authorities on Friday as the gunman who fatally shot two people in a rampage at crowded movie theater in central Louisiana before turning the gun on himself ...

Govt to soon set its position on MAT for foreign investors| Reuters

Jul 25, 2015 at 00:15 | Source: FirstPost

NEW DELHI Revenue Secretary Shaktikanta Das said on Friday the government would decide in the next 10 days its position on the legal dispute with foreign investors over a controversial tax.Das made the comments on the same day a specially appointed g...

Security worries delay start of Greece's new bailout talks| Reuters

Jul 24, 2015 at 23:45 | Source: FirstPost

BRUSSELS/ATHENS Talks on tying up a new bailout deal for Greece failed to start on Friday as had been expected, with officials blaming security worries for delaying the negotiations with international creditors who are detested by many Greeks.Greek g...

Curb betting in cricket, check donations: SIT on black money

Jul 24, 2015 at 22:48 | Source: FirstPost

New Delhi: To check the black money menace, the Supreme Court-appointed SIT today called for effective norms to curb betting in cricket and a stronger set of norms for P-Notes, while also making a case for bringing donations to educational and religi...

Govt to take action on Shah panel report on MAT soon: finance ministry

Jul 24, 2015 at 22:23 | Source: FirstPost

New Delhi: The government today said it will soon take a decision on the Justice AP Shah Committee report on applicability of minimum alternate tax (MAT) on foreign investors, an issue which had riled FIIs.The high-level Shah Committee today submitte...

Mumbai lawyer drags restaurant to cops over service charges

Jul 24, 2015 at 13:35 | Source: FirstPost

How many times have you checked your restaurant bill for the amount charged as 'service charge' before paying the bill? While most of us don't know or understand on what basis restaurants charge us for 'service', we usually don't bother about it and ...

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