If there was one event that made the month of August stand out, it was a strengthening of the dollar index to levels last seen only 20 years ago, as the Federal Reserve dispelled all doubts about its intention to continue raising interest rates. Predictably, most currencies suffered against the US unit, with the bulk of the losers belonging to the emerging markets pack. Amid the volatility, the rupee, however, has displayed significant resilience and fared much better than most of its peer currencies.
Self-employed Ramgobin is alleged to have defrauded two local businessmen of more than 11 million South African Rand (Rs 5.38 crore) by claiming that she had secured a tender to import bedding from India for the private hospital group Netcare.
In the recently released EDU-RAND 2015 rankings, IIT Delhi is at the top of the list, followed by other IITs in Kharagpur, Mumbai, Chennai, Guwahati and Kanpur.
A recent study on film piracy conducted by the Rand Corporation confirms what India has been saying for long about Dawood Ibrahim, an underworld don who is currently on the wanted list by the Interpol. The Rand study says that Ibrahim is one of the examples exemplifying the links between crime and terror around the globe.
Cochin Shipyard, BASF India, Ingersoll Rand, Eicher Motors, Federal Bank, and Timken India are some of the firms where voting could have got affected, sources said.
'Russian diplomacy is presumably at work.' 'The ground is slippery, because "territorial sovereignty" is a hugely sensitive issue,' says Ambassador M K Bhadrakumar.
Bharti Airtel, India's largest cellular operator, is planning to raise its offer to about $22.63 per share to acquire control of South African mobile player MTN, according to a media report. Quoting a person familiar with the 'deal,' the Wall Street Journal said on Monday that Bharti is considering raising the offer to about 175 South African rand (or $22.63) per share for control of MTN.
While many Western countries, including the United States, Britain and Australia, are diplomatically boycotting the Winter Olympics over China's human rights record, Putin will join a number of Beijing-friendly leaders at the Games.
Designer Tom Ford's show at the New York Fashion Week was a star-studded one.
Currency played an important role in Q2, with US dollar, Japanese yen and euro appreciating vis-a-vis the Indian rupee, while the Brazilian real, South African rand and Russian ruble depreciating against rupee.
The decisions come as a major setback to US President Donald Trump, who has shown support for Saudi Arabia in the past, especially in the wake of allegations against MBS with regard to Khashoggi's death.
The continuing fiscal stimulus is heavily tilted towards capex, to the extent that it chips away a part of revenue spending. Accounting for other areas of revenue expenditure, such as salaries, pensions, subsidies and defence (committed spend), the room to spend on welfare schemes, health and education will narrow in FY22.
If this headline sounds absolutely ridiculous to you, you absolutely MUST read this article. :-)
Forget tofu or soy milk. Entrepreneurs out of South Africa have opened a pop-up restaurant dedicated to serving gourmet meals, all made from alternative, insect-based ingredients. Welcome to The Insect Experience which opened in Cape Town last month. Customers are treated to dishes like chickpea black-fly-larvae croquettes, polenta fries made from mopane worm flour and mealworm biscuits. Take a look.
Lawyers acting for "blade runner" Oscar Pistorius, accused of shooting dead his girlfriend, want his bail conditions relaxed and passports returned so he can travel overseas, South African media reported.
The US senate has confirmed John Brennan as the next director of Central Intelligence Agency.
India is emerging Asia's canary in the 'hot money' mine.
Actions of Shakil Afridi, the doctor who helped track Osama bin Laden, have "seriously jeopardised" Pakistan's efforts to fight polio, the top Pakistani diplomat told US lawmakers.
'Whatever else may or may not happen, China and its people are likely to pay a very heavy price for the lack of transparency of its Communist regime,' predicts Colonel Anil A Athale (retd).
An American apology for the November 26 air strike, in which 24 Pakistani soldiers were killed, would be helpful in reopening of ground lines of communications (GLOCs), a top Pakistani diplomat based in Washington has told US lawmakers.
Cricket South Africa (CSA) chief executive Gerald Majola should face possible criminal charges and be suspended for accepting and distributing unauthorised bonuses, an inquiry committee set up by the government recommended on Friday.
An influential American Senator has moved a Congressional amendment to strip all US aid to Pakistan, Egypt and Libya -- totalling about $4 billion per annum -- and divided the fund equally for veterans jobs bill and deficit reduction programme.
The majority Democratic leadership in the United States Senate prevented a key Republican Senator from moving a vote on his amendment that if passed would have cut off all US aid to Pakistan till release of the imprisoned physician who helped the Central Intelligence Agency trace Osama bin Laden.
Suspended Cricket South Africa chief executive officer Gerald Majola wants a 4 million Rand golden handshake from the Board to part ways, a report has claimed.
Cricketer Vernon Philander was named South Africa's 'Sportsman of the Year' after losing the top title of 'Sports Star of the Year' to Olympic gold-medallist swimmer Chad Le Clos.
A key American Senator threatened to force a vote on ending United States aid to Pakistan unless a Pakistani doctor, who helped CIA trace Osama bin Laden, is released from prison.
Early this month, US President Donald Trump had supported such a move by Paul.
India Under-19 captain Unmukt Chand's parents -- father Bharat and mother Rajeshwari -- look back on their son's childhood and how his love for the game grew over time.
'Absolute non-violence is not only sinful, but immoral.' 'This doctrine of non-violence benumbed the revolutionary fervor, softened the limbs and hearts of the Hindus, and stiffened the bones of enemies.' A revealing excerpt from Vikram Sampath's Savarkar (Part 2): A Contested Legacy, 1924-1966.
She passed away due to natural causes in her home in Coarsegold, California.
Uber is battling serious backlash from the establishment in several countries.
Indian CEOs already have most of the skills to take on the world.
Cricket South Africa CEO Gerald Majola has reportedly been allowed to keep his IPL bonus, amounting to about a million rands despite reports that he had handed it back after it led to an inquiry against him.
The current stock market crash accompanied by a climate of pessimism across the world calls for not just shrewdness while investing money in the stock market, but also for avoiding the five common blunders that most long term investors make during a stock market fall.
The findings of the audit into irregular IPL and Champions League bonuses allegedly paid to Cricket South Africa staff, including CEO Gerald Majola, have been delayed by a week.
The lawmakers alleged that Pakistan "knowingly" provides resources to terrorists.
The current downswing in the share market calls for not just shrewdness in share dealing, but also for avoiding the five common blunders that most long term investors make during a stock market fall.
