Investors with stalled projects and mounting bad debt will refinance their loans.
Less than 24 hours after Detroit filed the largest municipal bankruptcy in US history, the two men behind the historic action -- Michigan Governor Rick Snyder and Detroit Emergency Manager Kevyn Orr -- defended the move in an interview with Reuters.
He, however, acknowledged that Russia and some other countries were behind the hacking of Democratic Party computers.
The American university, once the envy of the world, is in crisis, notes Ajit Balakrishnan in his latest column.
The airline re-built the flight schedule and refunded passengers.
How did the Kwid become an Indian success story?
Android M would be built directly into cars allowing drivers to enjoy all the benefits of the internet without even plugging in their smartphones.
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Scooters such as those from Kinetic Motors had become gearless by then and were no more family rides, but peppier individual modes of transport.
The Ambassador was a durable enough brand to outlive the licence raj.
Car makers are cautiously optimistic, even as two-wheeler firms are clearly upbeat.
Sarvesh Agrawal tells Shobha Warrier about how he built a start-up "of the interns, by the interns and for the interns."
Sources claim that 68-70 per cent of the workers at Halol are permanent ones, while the balance is tilted towards contractual workers at Talegaon.
The Glazers are unlikely to ever be liked, let alone loved, by fans of Manchester United. The fiercely private American family that bought the famous English soccer club 10 years ago has been widely depicted by the team's fans and the British media as seeking to bleed the club dry after leveraging it up with debt.
The US is still a place for innovation and entrepreneurship, and it is good to see Indian Americans and immigrants contributing to this in a major way, says K V Seshasayee who visited the US after four years and found the gloom had dissipated.
Providing military assistance in the hope that it will change Pakistan's worldview is wrong, says erstwhile ambassador to the United States Husain Haqqani
People are not just splurging on clothes, mobiles and household goods through the online route, they are also looking at cars and even houses.
Turns down firm's plea for stay on CCI order; final order pending
Faced with stricter recall & testing norms, industry puts up a brave face, saying recalls improve consumer confidence
Buoyed by strong sales, Maruti Suzuki, Hyundai and Honda have scaled up their annual targets, but others are still stuck in low gear
Earlier this year, Toyota Motor Corp was fined $1.2 billion for concealing problems related to sudden acceleration of some of its vehicles.
'India is going to maintain its ties to China, India is going to develop a strong relationship with the United States. It means that India is going to have the flexibility to pick and choose its friends.' 'That's traditional Indian foreign policy, and it's smart.' Former US ambassador to India Frank Wisner, one of America's sharpest minds on South Asia, tells Aziz Haniffa/Rediff.com what Washington can expect from Narendra Modi's visit.
The following is the full text of US President Donald Trump's first address to a joint session of the Congress on February 28, as prepared for delivery and released by the White House press office.
Once a beggar, Renuka Aradhya's company has a turnover of Rs 30 crore and employs 150 people.
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