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$1.2 mn bash planned for Modi in New York

Narendra Modi, then an RSS karyakarta, seen above on a visit to New York in the early 1990s. When he arrives in New York in late September, he will be the prime minister of India and a very......

Will Obama and India seize the moment?

The election of Barack Hussein Obama as the President of the United States has electrified the world community and ignited hope. It is a matter of epochal significance that a black man will live as......

Six handicaps for John McCain

Any Republican presidential candidate necessarily had to start his campaign with the handicap of eight Republican years in the White House, which in themselves evoke desires for a Democratic......

IPO scam derails banks' US plans

The IPO scam has hurt ICICI Bank and the State Bank of India's US plans."The US Federal Reserve has delayed clearing ICICI Bank's application for entering the US and the SBI's application for......

RBI chief Rajan wins over Modi despite broad mistrust

The first signs of growing bonhomie between Modi and Rajan came early last year, when Modi called Rajan the "best teacher" for explaining complex economic issues to him. Image: Modi's support......

Raghuram Rajan must stay on as RBI Governor!

'The 'Off-with-Rajan's-head' brigade bases its arguments on mistaken beliefs, erroneous causalities, and even downright prejudice,' says banker S Muralidharan.   For long I have been an......

As end of Fed's 'free money' nears, Americans still likely to spend

Women carry shopping bags through Times Square in New York. Photograph: Andrew Burton/Reuters Judged by how long it has been going on, the current US economic expansion should be on its last......

Fed officials lay case for December liftoff

US Federal Reserve officials lined up behind a likely December interest rate hike with one key central banker saying the risk of waiting too long was now roughly in balance with the risk of moving......

An American Hero comes knocking

In decades past, Indian-origin actors in Hollywood were relegated to narrowly-defined, cliched roles like nerdy doctors, penny-pinching store owners and the occasional terrorist. And while that......
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FOREX-Dollar steady near 9-month high, underpinned by Fed rate outlook

Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration shot January 21,... ...
U.S. stocks, dollar rise; oil briefly slips below $50

. REUTERS/Andrea Comas By Hilary Russ | NEW YORK NEW YORK U.S. stocks closed higher on Monday, with the S&P 500 hitting a two-week high... ...

CAIRO The role of Egypt's military in the economy is likely to decrease in two to three years, Prime Minister Sherif Ismail said in a television... ...
UPDATE 8-Oil dips on Buzzard restart, Iraq; U.S. crude tests below $50

By | NEW YORK NEW YORK Oil prices fell on Monday after Iraq said it wanted to be exempt from an OPEC production cut, though prices drew some... ...
Egypt PM expects IMF deal to be signed within two months

Earnings lift S&P to two-week high; M&A supports NEW YORK - The S&P 500 hit a two-week high on Monday on the back of strong earnings, while a... ...

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Coming to India and making

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