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11 February, 2016 1:15 PM Nato launches sea mission against people-smugglers

The plan, raised by German and Turkey, took Nato by surprise and is aimed at helping the continent tackle its worst migration crisis since World War Two Brussels: Nato ships are on their way to the Aegean Sea to help Turkey and Greece crack down on criminal networks smuggling refugees into Europe, the alliance’s top commander said on Thursday 64

11 February, 2016 12:49 PM 'Deep Surgery', Not 'Band Aids', Needed to Clean Up Bad Loans: Raghuram Rajan

Growth Robust Amid Global Market Turmoil: Economic Affairs Secretary Reserve Bank Governor Raghuram Rajan on Thursday said that strong action is needed to clean up the bad loan problem that has dogged India's banking sector for years. Speaking at a banking conclave in Mumbai, Dr Rajan said, "An alternative approach is to try to put the stressed project 26

11 February, 2016 8:34 AM Bank of India Posts Rs 1,506 Crore Loss in Q3, Shares Plunge

State Bank of India Q3 Profit Slumps 62% on Higher Bad Loans Shares of Bank of India slumped as much as 8 per cent to Rs 83.2 on Thursday after India's third biggest state-run lender reported a loss of Rs 1,506 crore for the December quarter because of doubling of provisions for bad loans. Bank of India had reported a net profit of Rs 173 crore in the year-ago 23

11 February, 2016 8:02 AM State Bank of India Q3 Profit Slumps 62% on Higher Bad Loans

Nippon Gets Competition Regulator's Nod For Hiking Stake in Reliance Life State Bank of India (SBI) on Thursday reported a 62 per cent slump in its net profit because of higher bad loans in the December quarter. India's biggest lender by assets posted a net profit of Rs 1,115 crore against estimates of Rs 3,300 crore in Q3. SBI's profitability was hit because 23

11 February, 2016 7:44 AM Union Bank of India Net Plunges 74% to Around Rs 78 Crore in Q3

Oriental Bank of Commerce Shares Sink on Q3 Loss Mumbai: Union Bank of India reported a 74 per cent drop in its quarterly net profit due to sharply higher bad loans and provisions as lenders comply with a regulatory order to treat some troubled loans as bad in a clean-up drive. Net profit fell to Rs 78.54 crore ($11.6 million) on a standalone basis for the fiscal 20

11 February, 2016 7:10 AM Salman Khan's 'Sultan': Plot revealed

Salman Khan's Eid release 'Sultan' is going to be a treat to his fans as according to the latest update, Salman will sport two different looks in the movie, one of a clean shaven young boy and the other with a new trendy moustache. However, according to a report on Bolltywoodlife.com, the movie has revealed its plot with revealing so many important scenes 29

11 February, 2016 6:29 AM Alcohol Allows Bacteria To Infiltrate Into Liver: Study

New York: Alcohol allows gut bacteria to migrate to the liver, promoting alcohol-induced liver diseases, reveals a new study. According to the researchers, natural gut antibiotics are diminished by alcohol and leave mice more prone to bacterial growth in the liver, exacerbating alcohol-induced liver disease. "Alcohol appears to impair the body's ability 20

10 February, 2016 10:52 AM Defence experts dub Pak's response to Headley's deposition as 'funny'

Indian defence experts on Wednesday taunted Pakistan's 'expected fabricated' response on David Coleman Headley's deposition, calling it funny. The response came after Pakistan's former interior minister Rehman Malik rubbished the testimony of 26/11 Mumbai terror attacks convict about his alleged part in conducting the deadly massacre in November 2008. As reported 82

9 February, 2016 6:17 PM BJP allies to ruling party ahead of Budget Session

Delhi: BJP's allies have reportedly told the ruling party at the Centre not to take them for granted, as per a media report. They have also told the saffron party to treat them like former PM and one of BJP's tallest leaders treated them. NDTV quoted BJP's ally Akali Dal as saying, "Don't take us for granted." The report also said that ahead of the Budget 47

9 February, 2016 9:04 AM Indian regulators lead in upholding net neutrality

Net neutrality activist Vishal Misra on TRAI's ruling Telecom Regulatory Authority of India (TRAI) Monday ruling effectively bans differential pricing on the Internet. This is momentous and TRAI must be applauded for taking such a clear stand on a complex issue that has left regulators vexed around the world. It is fair to say that Indian regulators 48