India

Mumbai, Mar 16: The world's rich and powerful may be residing in the US and Europe, but India is fast catching up. The number of high net worth individuals (HNIs) in India with net assets of Rs 150 crore to Rs 160 crore is expected to more than double over the next 10 years, rising by 137% in Mumbai and around 120% in Delhi, despite recent economic concerns, says Knight Frank Wealth Report 2013

Mumbai, Mar 16: As Indian companies look to expand their footprint globally, and multinationals eye reverse innovations out of India, a certain provenance paradox appears to be posing a new challenge in this journey. It's to do with the stereotypes consumers develop about products made in their country of origin. Consumers generally associate certain geographies with the product category. For

New Delhi, Mar 16: OBCs earning over Rs 6 lakh annually will not be eligible for reservations in jobs and education with a group of ministers on Friday deciding to raise the 'creamy layer' bar from Rs 4.50 lakh as part of the revision done every four years. The increase, however, marks a setback for the 'backward lobby' of ministers that blocked the proposal for fixing creamy layer at Rs 6 lakh in

New Delhi, Mar 15: Petrol price was today cut by Rs 2 per litre with effect from midnight tonight, the steepest reduction in rates in nine months. While petrol price has been cut by Rs 2 per litre, excluding local sales tax or VAT, there will be no change in diesel rates. After including VAT, the reduction in price of petrol in Delhi comes to Rs 2.40 per litre and the fuel will from midnight

New Delhi, Mar 15: India is downgrading its diplomatic ties with Italy and has asked its Ambassador- designate to that country Basant Kumar Gupta, who was scheduled to leave for Rome today, not to proceed to take up his posting. The government which is reviewing the entire gamut of bilateral ties has decided to with-hold posting of Gupta, who was expected to take charge by end of next week, after

New Delhi, Mar 15: Cricketer and Rajya Sabha MP Sachin Tendulkar may not be able to attend the first half of the Budget session of Parliament due to his engagements in the on-going India Australia cricket series. The Rajya Sabha on Friday granted him leave from February 21 to March 7. Tendulkar has not attended the House for a single day in the ongoing Budget session and only one week is left for

New Delhi, Mar 15: Airports across the country have been alerted to prevent Italian Ambassador Daniele Mancini from leaving the country. The decision was taken by the Union Home Ministry a day after the Supreme Court restrained the Italian Ambassador from leaving India without its permission, official sources said. The Apex court had taken exception to Italian government's refusal to send back two

Rome, Mar 15: The mayor of Taranto, home of one of the marines at the centre of a row with India over the killing of two fishermen, has invited their orphaned children to study in the port town. "Our whole city is ready to welcome the unfortunate children of the fishermen to study here," Taranto mayor Ippazio Stefano wrote in a letter to India's Prime Minister Manmohan Singh. "I must express my

New Delhi, Mar 15: Sonia Gandhi completed 15 years as Congress president on Thursday and thanked partymen for helping her accomplish the tough responsibly. As leaders lined up to felicitate her at 10, Janpath, she told them, "The real credit belongs to millions of Congress workers whose toil ensured that the faith of the poor and the vulnerable in Congress did not sap even when we were not in

Rohtak, Mar 15: A panchayat in Haryana has banned dancing saying it leads to crime against women. An elected panchayat in Jind district on Wednesday banned girls from taking part in dance competitions and programmes. The Kinana village panchayat also warned schools against letting girl students participate in cultural activities which promote dancing. Panchayat leaders said, "Dancing results in