India

New Delhi, Sept 20: The government is likely to order a CBI inquiry into the alleged unauthorised operations and financial wrongdoings by a top secret intelligence unit set up by then Army chief Gen V K Singh. Sources said that the government has taken serious note of the report of a Board of Inquiry into the functioning of Technical Services Division (TSD) alleging misuse of position by Gen Singh

New Delhi, Sep 20: Days after sharing the dais with Gujarat Chief Minister and BJP PM candidate Narendra Modi, former Army chief General VK Singh is under scrutiny yet again. National daily 'The Indian Express' has claimed that General VK Singh set up a special unit in the Army which tried to topple the Jammu and Kashmir government. The Indian Express report claims that a secret Board of Officers

Mumbai, Sep 20: A hawkish RBI on Friday unexpectedly raised the policy rate by 25 basis points as it kept its focus on controlling inflation, which it felt would be above the expected levels in the current fiscal. RBI governor Raghuram Rajan in his maiden policy review, however, eased liquidity though a reduction in the marginal standing facility rate, at which banks borrow from the central bank

New Delhi, Sep 20: Reserve Bank governor Raghuram Rajan faces his first big test today as he delivers his maiden monetary policy. Having won universal applause for his "rupee speech", which resulted in a dramatic change in Street sentiments, there's hope that Dr Rajan will roll back some of the emergency measures, announced in July, that have been hurting Indian Inc. Ben Bernanke's surprise

New Delhi, Sep 19: In the first conviction after the Supreme Court struck down a law that provided immunity to MPs and MLAs from immediate disqualification, a Special CBI court today held Rajya Sabha member Rasheed Masood guilty in a case of corruption and other offences and he is set to lose his seat. Masood, Minister of Health in the VP Singh government between 1990 and 1991, was held guilty of

New Delhi, Sep 19: Eighteen years after its failed attempt, Tata group today joined hands again with Singapore Airlines to start a new full-service airline in India. Tata Sons, the holding company of most of the operating firms of the over USD 100-billion salt-to-software conglomerate Tata group, today signed an MoU with Singapore Airline under which it will own 51 per cent stake in the proposed

New Delhi, Sep 19: The CBI on Thursday gave a clean chit to Home Minister Sushilkumar Shinde in the Adarsh Housing Society scam. The agency informed the Bombay High Court that there is no evidence to suggest that Mr. Shinde during his tenure as Maharashtra Chief Minister abused his position as a public servant. This was stated by the probe agency in an affidavit filed by it in reply to an

Jaipur, Sept 19: Rajasthan Minister Babulal Nagar, accused of raping a 35-year-old woman at his residence here, today tendered his resignation. The 53-year-old Food and Civil Supplies Minister sent his resignation to the Chief Minister's Office. "I have resigned on moral grounds so that an impartial probe can be carried out as I am not guilty in the alleged case", Nagar told reporters at his

Rameswaram (TN), Sept 19: Nineteen fishermen, who ventured into the sea from Pudukottai district, were today arrested by the Sri Lankan Navy when they went for fishing in the Palk Strait, officials said. It was not immediately known whether they were fishing in Indian or Lankan waters, Joint Director of Fisheries, Phelomin Thiagarajan, told PTI over phone from Pudukottai district. The fishermen

Mumbai, Sep 19: The rupee today zoomed by 158 paise to trade at over one-month high of 61.80 against the dollar at the Interbank Foreign Exchange market on hopes of increased capital inflows after the US Federal Reserve's surprise decision to keep its stimulus programme intact. The rupee had settled just a paise lower at 63.38 against the dollar in yesterday's trade. Traders said besides