NEW DELHI - The Reserve Bank of India on Monday told the Supreme Court that it could not make public the identities of the big defaulters of loans as such disclosure could severely impact the businesses. Telling the bench headed by Chief Justice Jagdish Singh Khehar that disclosing the names of big defaulters could adversely impact the businesses, the RBI said that there were laws that can be looked into to decide whether the identities...

NEW DELHI - National passenger carrier Air India hopes to save up to Rs 10 crore per annum by not serving non-vegetarian meals on all its domestic economy class flights. According to a senior airline official, the move is consistent with its earlier decision to stop serving non-vegetarian meals on flights of less than 90 minutes."The initial estimates with us show that around Rs 8-10 crore can be saved through this move," sources told IANS...

NEW DELHI - After the countrywide launch of the Goods and Services Tax (GST) on Friday midnight, many businessmen in Delhi-NCR on Saturday seemed confused about the new indirect tax regime, with some even refraining from buying and selling any products. However, there were some who found different ways of generating bills, while a number of businesses with updated software generated bills with GST levied on their products. 

NEW DELHI - In yet another measure against black money generation, the government has made it mandatory to give Aadhaar number while opening a new account and also to link the existing accounts with the Aadhaar numbers of their holders. Not disclosing it by December 31 will lead to suspension of the account till it is done. The government move comes close on the heels of the decision last week that all income tax assessees...

NEW YORK - While enterprises across the globe are still recuperating from the massive "WannaCry" malware attack, security firm Check Point has warned of a new outbreak that has already infected 250 million computers worldwide with India among the worst-hit countries. The new threat called "Fireball" is designed to hijack browsers to change the default search engine and track their web traffic on behalf of Beijing-based digital marketing...

NEW DELHI - The demand for fancy foreign luxury cars is witnessing a steep rise, with buyers, including from faraway northeast, picking up Lamborghinis, Maseratis and Range Rovers that cost up to Rs 1.5 crore apiece -- but all pre-owned, a polite term for second-hand. Big Boy Toyz, based in Gurugram, Haryana, is one firm that specialises in selling pre-owned foreign luxury cars in India. It is perhaps the only one of its kind in the country...

MUMBAI - The country's first high-speed Tejas Express between Mumbai and Karmali in Goa, boasting of Wi-Fi, LCD screens, and automatic doors, was flagged off on Monday by Railway Minister Suresh Prabhu here. The train -- with a speed of 130 km per hour -- is capable of clocking a maximum of 200 kmph. The train will undertake its eight-and-half-hour journey five days a week between Chhatrapati Shivaji Terminus railway station in Mumbai...

NEW DELHI - The Indian information technology (IT) companies operating in the US are generating jobs and not stealing jobs of the Americans, External Affairs Minister Sushma Swaraj said on Thursday. "We are not just talking with the US authorities (on H-1B visas), we are talking with logic and concrete statistics," Swaraj told the Rajya Sabha during the Question Hour. "We have told them that it is not true that Indians are stealing their jobs. 

NEW DELHI - External Affairs Minister Sushma Swaraj on Monday said that strategic ties with Washington won't prevent India from raising issues concerning Indians and Indian Diaspora with the US.CReplying to a question in the Rajya Sabha on hate crimes against Indians in the US, she said that for the Modi government, the interests of Indians preceded strategic partnership with any country. "Strategic partnership does not mean we will...

NEW DELHI - The BJP swept to an unprecedented three-fourth majority in Uttar Pradesh and bagged Uttarakhand too and was neck and neck with the Congress in Goa and Manipur in the country's biggest mandate since the 2014 Lok Sabha polls. The Congress returned to power in Punjab after a 10-year gap. A euphoric Bharatiya Janata Party called it a "historic" verdict that would make a major impact on Indian politics even as the...