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India

Tweak laws to allow Islamic banking: RBI

Puducherry, October 7: The Reserve Bank of India (RBI) has written to the government to "restructure" or "amend" the laws to allow Islamic banking in India . Speaking at a local event, RBI governor D Subbarao said: "Islamic banking is allowed in many parts of the world, but the Banking Regulation Act of India...

No unsecured loans given to Vadra, says DLF

New Delhi, October 7: Realty major DLF on Saturday rejected the allegations that it had given unsecured loans to Robert Vadra in a ‘quid pro quo’ for favours and said it had transparent dealings with him as an individual entrepreneur.

In a statement, the company said it...

Air India receives third Boeing 787 Dreamliner

New Delhi, October 7: Air India received its third Boeing 787 Dreamliner, the first aircraft coming out of the new North Charleston facility of the American manufacturer, the company said on Saturday.

"We are delighted to be the first airline in the world to take delivery of...

LPG price hiked by Rs 11.42 per cylinder; petrol, diesel rates may go up

New Delhi, October 6: Cooking gas (LPG) price was on Saturday hiked by Rs. 11.42 per cylinder following government decision to raise commission paid to the dealers.

Petrol and diesel prices too may go up marginally as the Oil Ministry considers raising dealers commission by...

Seven Indian sailors, held hostage by Somali pirates for 2 years, appeal for help

New Delhi, October 6: Seven Indian sailors, who have been held hostage by Somali pirates for the last two years, have appealed to the PM, the President, Congress leader Sonia Gandhi and opposition leader Sushma Swaraj for help.

The sailors have narrated their ordeal in a video...

Sangh Parivar journal advocates CPI (M)-BJP tie-up

Thiruvananthapuram, October 6: An article in the Sangh Parivar publication ‘Kesari’ advocating alliance between the CPI(M) and Sangh Parivar organisations have given rise to the speculation that the RSS is trying to build bridges with the CPI (M).

The article written by T. G. Mohandas...

Sonia son-in-law now the target

New Delhi, October 6: Continuing with their attack on the ruling establishment, anti-graft campaigners Arvind Kejriwal and Prashant Bhushan on Friday accused Robert Vadra, son-in-law of UPA chairman Sonia Gandhi, of increasing his wealth from a scanty Rs 50 lakh to Rs 300 crore with the help of real estate giant DLF....

'Is it a crime to ask for salaries?' ask Kingfisher employees

Mumbai, October 6: "Asking for salaries is not a crime ", shouts one banner. The other poster questions, "Is your party over Mr Mallya?" Yet another hollers, "Criminal Executive Officer, Go Away!" Around 150 odd engineers, pilots and cabin crew of the Kingfisher Airlines marched with them.

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Navy's firing range proposal shot down by environment ministry

New Delhi, October 5: The environment ministry has rejected the Navy's proposal to set up a missile testing site at Tillanchong Sanctuary in Andaman and Nicobar islands, saying the firing range would destroy the habitat of endangered bird species Nicobar Megapode.

"The habitat of the megapode should not be disturbed and...

Rahul backs FDI in retail, says it will benefit farmers

Srinagar, October 5: Backing Centre's decision to allow FDI in multi-brand retail, Congress leader Rahul Gandhi has said the decision will help farmers prosper by removing middlemen from the supply chain and generate new jobs. Addressing the national executive of Indian Youth Congress in Srinagar last night,

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