BJP attacks everything I say by default: Rahul Gandhi on his ISIS remark

Congress president Rahul Gandhi today hit back at the ruling BJP for misrepresenting his comments related to the Islamic State terror group, saying it has adopted a “default position” of attacking everything he says. The Bharatiya Janata Party (BJP) accused Gandhi of “belittling and insulting” India in his address in Hamburg on August 22, alleging […]

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AK-47 maker Kalashnikov unveils new electric car to rival Tesla

Russia’s native arms manufacturer and maker of the famous AK-47 assault rifle, Kalashnikov, on Thursday revealed its own electric car, saying the technology will compete with that of Elon Musk-promoted Tesla. The car, called CV-1, was unveiled at a defence expo near Moscow and, and according to the company, was inspired by a 1970s Soviet hatchback […]

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IT, pharma and export-oriented auto cos interesting themes now: Saurabh Mukherjea

The market continued to trade around its record high levels amid intermittent consolidation, climbing all walls of worry such as the tightening of rates in US, and the depreciation of the rupee. “Tightening liquidity can be a worrying trend for market. IT, pharma & export oriented auto companies are interesting themes at the moment due to […]

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Podcast | Editor’s Pick of the day: All you need to know about L&T’s Rs 9000 cr buyback

Did you know Larsen and Toubro was a company started in India by two Danish engineers, Henning Holck-Larsen and Søren Kristian Toubro, who were taking refuge in this country during the Second World War? Well, it’s now an $18 billion multinational company but with roots very much in apna des. And today, the company has announced a […]

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Volkswagen and Seat accused of selling cars with rear seatbelt fault | Business

Volkswagen and Seat have been accused by consumer group Which? of selling thousands of vehicles with a known dangerous and unsolved rear seatbelt fault. In May, independent tests by Finnish magazine Tekniikan Maailma found that when all three rear seatbelts were used in VW Polos and Seat models driven at speed, the back-left seatbelt could […]

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Look, no beard: Goldman Sachs’ Marcus subverts the fintech story | Patrick Collinson | Business

We’ve seen the future of banking. Those fintechs clustered around London’s “Silicon roundabout”, such as Monzo (900,000 current account customers already) and Revolut (2 million customers since launch in 2015) have attracted smartphone-obsessed millennials with their digital prowess. But a new bank quietly launched on Thursday, called Marcus, turns the conventional fintech story upside down. […]

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CBI court denies bail to Dera chief Ram Rahim in castration case

Dera Sacha Sauda chief Gurmeet Ram Rahim Singh, serving a 20-year jail term each in two rape cases, was denied bail today by a Panchkula CBI court in another case involving castration of 400 of his followers. Gurmeet Ram Rahim’s bail plea was dismissed three days after he had moved the court for it. In […]

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97 SPVs formed to execute projects under Smart Cities Mission: Ministry

As many as 97 special purpose vehicles (SPVs) have so far been constituted to execute projects in cities selected under Smart Cities Mission, according to housing and urban affairs ministry. Tenders have been issued for another 1,686 projects worth more than Rs 63,000 crore in various smart cities while 1,200 projects worth more than Rs […]

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India needs 3-4 global sized banks: Rajiv Kumar

India needs three-four large lenders which could figure among top 200 global-sized banks, Niti Aayog vice-chairman Rajiv Kumar said today. Kumar made a strong case for giving banking sector more freedom to take risks and provide credit to industry especially the MSME sector. “We need to have 3-4 banks of global standard in size,” he […]

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Manohar Parrikar admitted to Mumbai hospital for check up

Goa Chief Minister Manohar Parrikar was admitted to Lilavati Hospital in Mumbai this evening for a “review health check-up” after his return from the US where he had gone for a ‘follow-up’ treatment of his pancreatic ailment, officials said. Parrikar (62) returned to Panaji from the US last evening. He had gone to the United […]

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