India

New Delhi, September 15: When 26-year-old Abdul Salam from Dubai was arrested at Mumbai airport last month with 156 gold chains concealed in his shoes, he was trying to land an irresistible windfall. Gold prices are rising faster in India than overseas. And this has brought back a profit opportunity, legal, not-quite-legal and illegal. Gold arbitrage is promising punters as much as 12% annual

Chennai, September 15: Eighty-six people were arrested on Friday after a group of several hundred Muslim protesters threw stones and smashed windows at the US consulate in the Indian city of Chennai, police said. "They smashed the window panes, surveillance camera and tried to scale over the compound wall, but we dispersed them while exercising restraint," a senior police officer said on condition

New Delhi, September 14: Cabinet today decided to operationalise 51 per cent FDI in multi-brand retail but left it to the state governments to allow setting up of such stores. The Cabinet headed by Prime Minister Manmohan Singh cleared the decision at a meeting this evening, a Union minister, who asked not to be identified, said here. For single-brand retail, the Cabinet decided that any firm

New Delhi, September 14: Coal blocks that are deallocated by the government after review of their status should be given to the upcoming power projects to meet the capacity addition target of 85,000 MW in the 12th Five Year Plan, Power Minister Veerappa Moily said on Friday. “Yes, definitely. We are going to seek that (the de-allocated coal blocks),” Mr Moily told reporters here after releasing a

Valsad, September 14: Amid growing speculation of a Narendra Modi versus Rahul Gandhi electoral battle in 2014, the Gujarat chief minister indirectly challenged Rahul to come and campaign in the state. "Now Congress says Rahul is not coming to Gujarat. Why? People of the state and I want to know the reason. Does he think Gujarat is so bad that he won't tour the state?" Modi said, addressing a

New Delhi, September 14: Indians eager to buy an Apple iPhone 5 will have to wait a little. Apple is expected to bring the latest edition of its bestselling smartphone in India by December 2012. Though the Cupertino-based tech giant has adopted an aggressive launch schedule for the iPhone 5, the India launch may happen three months from the unveiling as compared to a month-and-a-half for the

New Delhi, September 14: The government has finally bitten the bullet on fuel price hike raising the price of diesel by Rs 5 per litre and limiting the usage of LPG to six cylinders per household. Sources say the Sonia Gandhi-led Cabinet Committee on Political Affairs was against it, but were finally convinced by Prime Minister Manmohan Singh to end policy paralysis and bring in big ticket reforms

Kochi, September 13: Prime Minister Manmohan Singh has said media should avoid the desire to be sensational and exercise restraint so that nothing that divides society and country is written, broadcast or telecast. The media has a very important role to play in promoting greater communal harmony and inter-group and inter-community dialogue and its reporting and opinions should be "fair, objective

Jammu, September 13: Top militant commander Mehraj-ud-din Dand, wanted for his involvement in the 1999 hijacking of flight IC-814 to Kandahar and other terror attacks, has been arrested from an undisclosed location on the Jammu-Srinagar highway, a senior police official said Thursday. In what is described as a major catch, Mehraj-ud-din, suspected to be involved in many militancy related incidents

New Delhi, September 13: Canada wants to sell nuclear reactors to India. Putting behind a troubled nuclear history with India, Canadian foreign minister John Baird said, "We have turned the page with India. India is a very different country today." With Canada emerging as an energy superpower, buoyed by a thriving economy, the minister said, "We value and welcome Indian investment in natural