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Himachal HC sets asides income tax order on CM's case

Dec 19, 2014 at 06:15 | Source: FirstPost

Shimla, Dec 18 (IANS) In a major relief to Himachal Pradesh Chief Minister Virbhadra Singh, the high court Thursday set aside the decision of the income tax commissioner to transfer his and his family's income tax returns cases from Shimla to Chandig...

Nebraska and Oklahoma sue Colorado over legal marijuana

Dec 19, 2014 at 03:56 | Source: BBC

Nebraska and Oklahoma have asked the US Supreme Court to nullify a 2012 law that made marijuana legal in the US state of Colorado. The two states allege that Colorado's law is in violation of federal law. They say that they are suing just Colora...

Turn to Ranakpur for simple, unhurried life (Travel Feature)

Dec 19, 2014 at 00:30 | Source: FirstPost

New Delhi, Dec 18 (IANS) Those of you on a quest for something unexplored need not look far for such an experience. Ranakpur, a small village nestled in Rajasthan's Aravali hills, promises such a getaway without burning a hole in your pocket.There ar...

SpiceJet: Indian airline resumes flights

Dec 18, 2014 at 20:02 | Source: BBC

India's troubled airline SpiceJet has resumed flights after it agreed to pay oil companies cash for fuel purchases. The fleet of the debt-ridden carrier, which owes money to creditors, including oil companies, was grounded for several hours on W...

German road toll plan gets go-ahead despite EU concern

Dec 18, 2014 at 02:57 | Source: BBC

The German government has approved plans for a controversial road toll which will include charging foreigners for using the famous Autobahn network. The toll badge will cost up to €130 (£103; $162) a year, depending on a car's age, engine siz...

More Lloyds shares to be sold by the government

Dec 18, 2014 at 02:57 | Source: BBC

More shares in Lloyds Banking Group are to be sold by the government, in a move which could raise up to £3bn. At present, the UK bank is 25%-owned by the taxpayer, but after the latest sale, this stake could fall to 20%. A trading plan has been laun...

Nigeria forced to revise budget as oil prices remain low

Dec 17, 2014 at 21:37 | Source: BBC

Nigeria has been forced to revise its budget following the dramatic fall in the price of oil. Its finance minister, Ngozi Okonjo-Iweala, says its economy will now grow at 5.5% this year, rather than 6.4%. The new budget is based on an oil price of $6...

Russia economy: What is the risk of meltdown?

Dec 17, 2014 at 21:37 | Source: BBC

Russia's Central Bank has raised interest rates to 17%, but the rouble has continued to plummet, prompting fears of economic crisis. Russians are reminded of the dark days of 1998, when President Boris Yeltsin's government defaulted on its ...

From Menu cards to TV shows: Panel recommends changes to promote Marathi language

Dec 17, 2014 at 18:43 | Source: FirstPost

Mumbai:Appointment of special officers to ensure correct use of Marathi on TV channels in Maharashtra;makingMarathi subtitles compulsory for movies and programs of other languages aired in the state; menu cards should be in Marathi in hotels and rest...

SpiceJet: Indian airline planes 'grounded'

Dec 17, 2014 at 13:37 | Source: BBC

India's troubled airline SpiceJet has grounded flights after oil companies refused to refuel any of its planes, reports say. The debt-ridden carrier owes money to creditors, including oil companies. SpiceJet is India's fourth-biggest airlin...

Why have India's airlines hit turbulence?

Dec 17, 2014 at 13:37 | Source: BBC

India's aviation industry is in deep trouble. On Thursday, Aviation Minister Ajit Singh told the parliament that the airlines are expected to report a combined loss of nearly $2bn for the last financial year. Independent analysts peg last fiscal...

Lastminute.com sold to Swiss travel firm in £76m deal

Dec 17, 2014 at 13:37 | Source: BBC

Lastminute.com, the firm which came to fame at the height of the dot.com boom in 2000, has been sold to Swiss travel firm Bravofly Rumbo for $120m (£76m). The online travel booking service, founded by Martha Lane Fox and Brent Hoberman in October 19...

Dixons Carphone sees 'barnstorming' first half in UK and Ireland

Dec 17, 2014 at 13:37 | Source: BBC

Newly merged Dixons Carphone says it has seen a barnstorming performance in its UK and Ireland business in the six months to November. In its first set of half-year results, it said sales rose 5% and reported underlying profit before tax of £78m. Ho...

Mudgal Report Live: Gavaskar, Shastri, Srikkanth on BCCI's conflict-of-interest list

Dec 17, 2014 at 13:31 | Source: FirstPost

17 December1.25 pm: Deep rooted conflict of interest has dented the game, says Supreme CourtThe court has not taken the BCCI's list kindly. The board even went so far as to claim that commentators could have a commercial interest in a match, accordin...

Hungarians rally against PM as discontent with government grows

Dec 17, 2014 at 05:15 | Source: FirstPost

BUDAPEST (Reuters) - Thousands of Hungarians protested on Tuesday against tax hikes and perceptions of corruption, signalling rising discontent with Prime Minister Viktor Orban's government.In the five years since he was elected prime minister, the c...

Mudgal Report Live: Heavens won't fall if BCCI officials don't own teams, says SC

Dec 16, 2014 at 16:17 | Source: FirstPost

16 December4.10 pm: Supreme Court asks for list of BCCI officials having commercial interests in cricketThe Supreme Court has asked for a full list of BCCI officials having commercial interests in cricket and said that "heavens won't fall"...

Mudgal Report Live: How will BCCI defend conflict of interest to Supreme Court?

Dec 16, 2014 at 13:27 | Source: FirstPost

16 December1.20 pm: Mudgal hearing to resume at 2 pm todayThe Supreme Court continued too press the conflict of interest issue with Srinivasan and the BCCI in yesterday's hearing. The two-judge bench decided to examine the controversial amendment in ...

India 3rd on black money list; $440 bn flows out in 10 years

Dec 16, 2014 at 09:42 | Source: FirstPost

Washington: As India continues its pursuit of suspected black money stashed abroad, an international think-tank has ranked the country third globally with an estimated $94.76 billion (nearly Rs 6 lakh crore) illicit wealth outflows in 2012.As a resul...

Political risks shake global markets

Dec 15, 2014 at 23:17 | Source: BBC

The big risks to markets and the global economy right now are political risks, or decisions by governments that spook investors. We saw that first thing on Tuesday, with a drop of more than 5% in the price of shares on China's Shanghai stock mar...

Mudgal Report Live: BCCI rule allowing conflict of interest under SC scanner

Dec 15, 2014 at 19:00 | Source: FirstPost

15 December4.30 pm: SC to check validity of BCCI clause 6.2.4Aditya Verma has said that the SC will check the validity of the controversial BCCI clause which allowed N Srinivasan to buy IPL team Chennai Super Kings.He also said that all those who wer...

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Rupee weakness modest, see yields at 7.60% in Q1: Deutsche

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