Services growth soars to 8-month high: HSBC
Services sector expanded rapidly in February at the fastest growth rate in eight months, driven by significant rise in new business orders even as jobs fell marginally in the sector, an HSBC survey said on Wednesday. The HSBC India Services Business Activity Index, which tracks changes in activity... read more »
RBI cuts interest rate by 25 basis points
In a surprise move, the Reserve Bank of India has cut the key policy rate by 25 basis points, setting the tone for a reduction in lending rates by banks. This will prod banks to drop interest rates on home and car loans. The policy repo rate under the liquidity adjustment facility (LAF) is cut by... read more »
Court bans December 16 documentary, filmmaker says will release it anyway
A Delhi court has banned a documentary film about the December 2012 fatal gang rape of a woman in the Capital over concerns that derogatory comments made by one of the rapists could create an atmosphere of fear and tension but its filmmaker has said it will be released as planned. Leslee... read more »
Government Eyes Rs. 1 Lakh Crore From Spectrum Auction: 10 Facts
The biggest-ever auction of 2G and 3G spectrum started on Wednesday and is likely to fetch the government over Rs.82,000 crore based on the reserve price. But analysts have said that the government will get around Rs. 1 lakh crore from the sale of radiowaves used for mobile telephony. Here is a... read more »
Alabama Governor Bentley apologises for assault against Indian
The Governor of Alabama, Robert Bentley, has apologised for the “unfortunate” use of excessive force by police against an Indian man early this month that left him partially... read more »
Civilians recount `terrifying` attack on Myanmar aid convoy
Lashio: Civilians fleeing bloody clashes between government troops and ethnic rebels in northeastern Myanmar on Wednesday described crouching in terror as a hail of bullets flew around them... read more »
Civilian casualties in Afghanistan surged in 2014, U.N. says
More than 10,500 civilians were killed or wounded in the Afghanistan conflict in 2014, the United Nations reported Wednesday, the highest toll since the world body began counting casualties... read more »
Not a racial attack: Alabama Governor apologises for assault on Indian grandfather
Washington: The Governor of the US state of Alabama has apologised for the “unfortunate” use of excessive force by police against an Indian grandfather early this month that... read more »
Haiti Carnival float accident kills 16
At least 16 people were killed early Tuesday in the Haitian capital after a man on top of a musical group’s Carnival float was shocked by high-voltage wires above the street, setting off a panic in... read more »
