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'India's financial system is strong and healthy' Lead
BUS18 Business/Business 'India's financial system is strong and healthy' Lead Mumbai, Oct 24 IANS This in a nutshell is what Reserve Bank Governor D. Subbarao had to say: - Global financial system is in a crisis of unprecedented dimensions. - India's financial sector is stable and healthy. Indian banks have been affected only peripherally... - India's balance of payments continues to reflect strength and resilience in a highly unsettled international environment. - Widening gaps in the physical infrastructure, markedly in power but elsewhere too except in coal production, could impose a binding constraint on growth. - Our financial system is strong and healthy, and our economic fundamentals are strong. Once the global situation is managed and calm and confidence are restored, we will return to our higher growth trajectory. --Indo-Asian News Service tb 141 Words * 24101759 read more
Dubai, Oct 24 IANS Bollywood star Shah Rukh Khan, a great cr
SPO13 Sports Shah Rukh backs senior India players Dubai, Oct 24 IANS Bollywood star Shah Rukh Khan, a great cricket fan, could not suppress his anguish at the growing calls for the retirement of senior India stalwarts from international cricket. Shah Rukh said Sachin Tendulkar, Rahul Dravid, Sourav Ganguly, Anil Kumble and V.V.S Laxman are great players with an outstanding record. "They have given such immense joy to cricket fans that they should be allowed to leave on their own terms," King Khan said. Asked to comment on Ganguly's retirement from international cricket after the ongoing four-Test series against Australia, Shah Rukh said: "It is his decision. Sportsmen like Rahul Dravid, Sachin Tendulkar, Sourav, Anil Kumble and others are great achievers. The kind of hard work and perseverance they have shown in their profession is amazing." Shah Rukh told IANS. "I believe nobody else should decide about when they should play, how they should play, and when they should go," he said. Shah Rukh, who is a co-owner of Kolkata Knight Riders Indian Premier League team, said Ganguly will continue to play an important role in his team. "I respect him too much. It's an honour that he is a part of Kolkata Knightriders and he has played a key role in raising the team." --Indo-Asian News Service ab/av/vs 234 Words 24101721 read moreOver 80 SP activists jailed in Uttar Pradesh
NAT40 National/Politics Over 80 SP activists jailed in Uttar Pradesh Lucknow, Oct 24IANS Over 80 activists of the Samajwadi Party, including several legislators, were jailed Friday after they agitated against the ruling Bahujan Samaj Party BSP in Uttar Pradesh's Sultanpur district, the police said. "All these activists, who were involved in violence and vandalising public properties, failed to give bail bonds after which they were sent to jail on Friday," S.K. Singh, additional superintendent of police, told IANS on telephone. Several SP activists and leaders across the state were injured Thursday as they fought a pitched battle with the police on the last day of their three-day long state-wide agitation against the alleged "misrule" of the BSP government. The police had cane-charged SP activists at various places, including Varanasi, Kanpur, Jhansi, Lucknow and Sultanpur, after they broke the police cordon and stormed the collectorate premises, raising anti-BSP slogans. Several SP activists across the state were been taken into custody on charges of rioting and attacking police personnel. --Indo-Asian News Service asit/dd/rd/dg 173 Words 24101759 read morePoor prognosis for Seve Ballesteros following third brain su
London, Oct 24 ANI: Golf legend Seve Ballesteros is in a serious condition and is to undergo a third round of brain surgery The Madrid hospital where the Spanish golf star is being treated confirmed that the operation would go ahead to try to remove the rest of his brain tumour, the Sky News reported. A spokesman for La Paz Hospital said: "Ballesteros remains in a serious and stable condition and will undergo a new operation." He said the tumour was in a particularly difficult area for surgeons to reach, adding: "It is located in an area that requires a very thorough approach of great complexity." Doctors said the 51-year-old is suffering from an oligoastrocytoma - a tumour that affects two types of brain cell and spreads diffusely inside the brain cavity. Dr Geoff Pilkington, a tumour expert at the UK's University of Portsmouth, said the tumour was very difficult to eradicate but survival time could be improved by radiotherapy followed by chemotherapy. He said it was difficult to say how long he might survive without knowing more about the tumour, which will have been classified from one to four on a grade of seriousness. The hospital declined to reveal the tumour's grade. "I think it's going to be at least a three because the mixed tumours usually are," he added. "They generally develop into a high grade tumour from which a patient will eventually die. This is not good. The likelihood is that he will die from the tumour at some stage." The star, who collected 87 titles before knee and back problems forced him to retire last year, underwent major brain surgery earlier this month. He was admitted to hospital and the brain tumour diagnosed on October 6, after he collapsed and briefly lost consciousness at Madrid airport. The first operation was followed by a second round of surgery to ease a build-up of fluid on his brain after he took a turn for the worse. Ballesteros won the British Open in 1979, 1984 and 1988 and became the first European to win the Augusta Masters in 1980, a title he repeated in 1983. ANI read moreKylie Minogue's style guru offers tips to Madonna
Melbourne, Oct 24 ANI: Kylie Minogue's style guru offered some styling tips to queen of pop Madonna, and said that she needed to get a new concert wardrobe. British fashion designer William Baker, who has worked with Kylie for 17 years, said that the Material girl had to drop the crotch grabbing and get a new wardrobe as she got older. He said that Madonna looked old and tired during her recent 'Sweet and Sticky' tour. "Over the years her concert clothes have always been really interesting but I didn't think there was anything new this time," News.com.au quoted Baker as saying. "The camera shots of her are also still very crotch-centric and we've seen this all before. "It's tricky when you are a pop star and growing older but there are plenty of ways of still looking hot," he added. ANI read morePrachanda says Nepal Govt understands the needs of security
Kathmandu, Oct 24 ANI: Nepal Prime Minister Prachanda has said that the new government fully understands the sentiments and needs of the security bodies. Addressing a function organised by the Armed Police Force APF here on Thursday evening, Prachanda lashed out at 'certain segments' that doubted the new government's ability to take on board the entire security bodies. "The new government understands your sentiments and needs," he said. "Those doubting the 'leadership of the new government' were wrong," he added. "I believe that those who come out of war understand better the importance of peace," he said. He said the new government can reflect the sentiments of all armed forces including the army, the police, the APF and the Maoist combatants, Nepalnews reported. ANI read moreIraqi forces find explosives inside mosque
INT47International/Terrorism/DefenceIraqi forces find explosives inside mosqueBaghdad, Oct 17 DPA Iraqi forces Friday discovered a cache of explosives in a mosque south of Baghdad, an army source said. The find was made when forces raided Adullah al-Gaboury mosque in al-Askanderia district, 60 km south of Baghdad, the source told DPA. The explosives were removed and eight suspects were later arrested in the area. Two brothers aged 14 and 17 were, meanwhile, found stabbed to death in Diwaniyah province in what appeared to have been an act of clan revenge, a police official told the Voices of Iraq VOI news agency. --DPAskp/jg106 Words17101857 read moreAdriana Lima sizzles in world's most expensive bra costing $
London, Oct 19 ANI: Brazilian model Adriana Lima sent temperatures soaring when she posed in world's most expensive bra ever.Worth 5 million dollars, the garment has been made under the brand name Victoria's Secret.The bra is encrusted with 3,575 dazzling black diamonds, 117 certified one-carat round diamonds and 34 rubies, and nearly 3,900 stunning gems, reports The Sun.Meanwhile, Lima was also in news for making a cameo in 'Ugly Betty'. ANI read moreUS media predicts Pak economy collapse despite it receiving
Washington, Oct 18 ANI: Despite Pakistan receiving enough pledges from donors to avoid a possible economic default, the US media continues to predict an impending economic collapse in the recession-hit country.Only a day ago, a excerpts of a draft report being prepared by the US intelligence agencies said that Pakistan economy was 'on the edge', having "no money, no energy, no government."About half a dozen reports published in the US and Western media on Friday blamed 'political turmoil, rising inflation, increase in oil and fuel prices and power shortages' for derailing the Pakistani economy.The Los Angeles Times published a detailed report on the financial crisis facing Pakistan. It said that the Pakistani 'economy has been in free fall for months.' "From the poorest of the poor to the wealthy elite, Pakistanis are frightened. Some say the wretched state of the economy scares them more than the threat of terrorist attacks. The government is desperate for an infusion of foreign cash; it is seeking 10 billion dollars in emergency funds from overseas to avoid default. But in light of everyone else's troubles, a bailout may not be forthcoming -- or may not be on the scale that Pakistani officials had hoped," the Dawn quoted the LA Times report as saying.Another report, published in London Telegraph, noted that Pakistan has "managed to secure funding from other countries and international organizations to cover the 10 billion dollars needed to prevent the country from defaulting."Several newspapers published a dispatch from Karachi, reporting that the Pakistani rupee weakened 2.78 percent to a record low of 84.40 rupees to the dollar on Friday after a 570 million dollars fall in foreign currency reserves reinforced concern over a looming balance of payments crisis.The Pakistani rupee has lost nearly 25 per cent of its value in the last months.Yet another report noted that Pakistan barely had enough foreign exchange reserves for about a month's import of essential commodities such as food and oil. ANI read moreBritish government to become main shareholder in two banks
BUS11Business/EconomyBritish government to become main shareholder in two banksLondon, Oct 12 DPA With the implementation of its 500 billion pound $850 billion rescue package, the British government will on Monday become the biggest shareholder in two of the country's largest banks, a report said Sunday. The government was due to launch a rescue plan Monday for Britain's two largest banks, which need a collective 35 billion-pound injection. The Royal Bank of Scotland RBS needs 15 billion pounds in exchange for preferential shares, while the Halifax Bank of Scotland HBOS needs 10 billion pounds in additional capital, the Sunday Times newspaper said. The government could end up with 70 percent ownership of HBOS and 50 percent of RBS, according to the report. It was not clear, however, what influence the government would have on the boards. Finance Minister Alistair Darling denied at the presentation of the rescue package that the state wanted to take over the banks. The rescue package involves a government guarantee for loan transactions between banks and government acquisitions of bank shares. The government has made available 50 billion pounds in taxpayers' money. The British government announced the rescue package for banks under a bail-out programme that also includes an increase of 200 billion pounds of Bank of England liquidity and 250 billion pounds in credit guarantees to cover inter-bank lending. The Sunday Times also reported that Lloyds TSB wants 7 billion pounds in capital and Barclays, 3 billion.--DPAsnb/vm260 Words12102245 read more| << < 1 2 3 4 5 ... > >> | ||
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