Special court hearing 2G-spectrum case fixes 7 October for pronouncing its order

A special court hearing 2G-spectrum case today fixed 7 October for pronouncing its order on framing of charges in the 2002 additional spectrum allocation case in which ex-Telecom Secretary Shyamal Ghosh and three telecom firms are accused.Besides order on charges, the court would also pass the order...

Matthias Mueller named as Volkswagen Chief Executive

Matthias Mueller has been named as Volkswagen (VW) Chief Executive in the wake of the scandal of rigged emissions tests in diesel cars. He succeeds Martin Winterkorn, who resigned on Wednesday. VW, the biggest carmaker in the world, admitted cheating on emissions tests in the US. US Department of Ju...

Andhra Pradesh Govt. signs two MoUs for setting up a floating LNG Terminal

Sharad Pawar asks Maharashtra Govt. to consider loan waiver to farmers

NCP President Sharad Pawar has asked Maharashtra Government to consider loan waiver to farmers in areas where crop loss and debt had been the maximum. In a letter to Maharashtra Chief Minister Devendra Fadnavis, the former Union Agriculture Minister said he had toured three villages in Yavatmal dist...

Govt. sets a target of disbursing 1,22,000 crore rupee loan to micro and marginal businesses under MUDRA scheme

The government has set a target of disbursing one lakh twenty two thousand crore rupee loan to micro and marginal businesses under MUDRA scheme by the end of the current fiscal. Finance Minister Arun Jaitley said this Friday while launching a week long credit campaign under Pradhan Mantri Mudra Yoja...

Union Heavy Industries Minister calls for better coordination among CPSUs for development of the nation

Union Heavy Industries Minister Anant Geete has called for better coordination among Central Public Sector Undertakings (CPSUs) for the development of the nation. Speaking at an event in Mumbai Friday, Mr Geete said, there are 290 CPSUs which have a collective surplus of more than 2 lakh crores rupe...

Asian Development Bank to double climate change funding

The Asian Development Bank (ADB) today said it will double its funding to fight climate change. It will now be 6 billion US dollar by 2020. The Manila, Philippines-based ADB said its spending on tackling global warming will rise to about 30 percent of its overall financing.The bank will dedicate 4 b...

Arun Jaitley stresses on capital increase and the need for voice reforms in the World Bank<br/>

Volkswagen Board meets today to shake up its management

The Board of scandal-hit Volkswagen meets today to shake up its management. On the agenda will be choosing a replacement for chief executive Martin Winterkorn, who resigned on Wednesday. Reports have said that the front-runner for the top job is Porsche Chief executive Matthias Mueller. Volkswagen i...

Janet Yellen says, she still expects to increase interest rates in 2015

United States Federal Reserve Chief Janet Yellen says that she still expects to increase interest rates in 2015 and that concerns about weaker global growth likely will not affect that plan. She said improvements in the US economy would likely entail an initial increase in the federal funds rate lat...