BUSINESS NEWS CATEGORIES 

State Bank of India set for UK restructuring

State Bank of India (SBI) is set for a major restructuring of its business in the UK from April, India s largest state-owned bank has said. SBI’s UK operations will transform into a subsidiary named State Bank of India UK Limited from April 1, in compliance with wider ring-fencing of capital requirements by the Bank of England. The move will mean that all retail branches of SBI in the UK will fall under a new UK-incorporated banking entity instead of their previous status as overseas branches of the Indian entity.…

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NEWS CATEGORIES WORLD NEWS 

UK Labour Party pressures its leader to change Brexit stance

British Labour Party leader Jeremy Corbyn is facing increasing pressure to change the party’s Brexit stance ahead of a key speech on Britain’s plan to leave the European Union. More than 80 senior Labour Party figures signed a statement published Sunday in The Observer calling for Britain to remain in the EU’s single market and the customs union after Brexit. The letter states that Britain’s economy would be so damaged by leaving the EU that Labour would be unable to carry out its reforms if it comes to power. It…

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NATIONAL NEWS NEWS CATEGORIES 

Compare 48-year rule of one family with NDA’s 48 months: Modi

Prime Minister Narendra Modi today lashed out at the Congress saying that one family had ruled the country for over four decades and asked the people to compare the dynasty-led governments with the “development-oriented” NDA. “One family either directly or indirectly ruled the country for 48 years,” he told a public meeting organised by the BJP here, referring to the governments of Jawaharlal Nehru, Indira Gandhi and Rajiv Gandhi. On the other hand, he said, there was the NDA government which will complete 48 months this May. Intellectuals can debate…

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NATIONAL NEWS NEWS CATEGORIES 

10-15 yrs needed to take govt-run schemes to every part of state: Raje

Chief Minster Vasundhara Raje today called for at least two more terms for the BJP in the state, saying five years were not enough to take the government’s development projects and farmer support schemes to every corner of the state. Raje was speaking at the 11th convention of the Akhil Bhartiya Kirad Kshtriya Mahasabha Adhivashan after inaugurating the Dharnidhar Bhawan at the Dharnidhar Garden, in Rangbadi area here. Madhya Pradesh Chief Minister Shivraj Singh Chouhan was also present on the occasion. “Five years of rule is not sufficient to take…

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ENTERTAINMENT NEWS CATEGORIES 

Margot Robbie feels her job is not ‘glamorous’

Actor Margot Robbie believes her job is not “glamorous” as compared to her other friends’ occupations. The 27-year-old actor said she feels envious of her friends who work in offices and they get to slip into smart suits every day. “I feel like my friends who work in offices have more glamorous jobs. They do their make-up, put on a tailored skirt and blouse and go to work. I go to work in my pyjamas and my Ugg boots and we are pretty much on a glorified construction site, sitting…

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LEGAL NEWS NEWS CATEGORIES 

Chidambaram moves SC for protection of fundamental rights

Senior Congress leader P Chidambaram has approached the Supreme Court seeking protection of his fundamental rights, including the right to privacy, amid summons to his son Karti Chidambaram and raids by the CBI and the ED in connection with cases related to Aircel-Maxis and INX Media. Chidambaram, who is also a senior advocate, has claimed in his plea that as part of “political vendetta”, the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) have made “vexatious” searches and issued repeated summons in these cases. “The writ petition is…

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BUSINESS NEWS CATEGORIES 

FM slams regulators’ failure to detect PNB fraud

Finance Minister Arun Jaitley today slammed regulators for failing to detect the Rs 11,400-crore fraud at Punjab National Bank for seven long years, saying unlike politicians, regulators in the Indian system are unaccountable. Speaking on the scam for the second time this week, he said employees conniving with fraudsters is worrisome. Also worrisome is that no red flag was raised. Regulators should have a “third eye” open to detect and check such frauds. Speaking at the ET Global Business Summit, he said the industry needs to get into the habit…

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NEWS CATEGORIES WORLD NEWS 

At least 23 killed in multiple attacks in Afghanistan

At least 23 people were killed and more than a dozen wounded in multiple suicide bombings and attacks in Afghanistan today, officials said, the latest in a series of assaults in the war-torn country. In the biggest attack, Taliban militants stormed an army base in the western province of Farah overnight, killing at least 18 soldiers. “Last night a big group of militants attacked an army base in Bala Buluk district of Farah. Unfortunately, we lost 18 soldiers, two soldiers were wounded. We have sent more reinforcements to the area,”…

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NEWS CATEGORIES WORLD NEWS 

US schools need ‘offensive capability’: Trump

President Donald Trump has reiterated the idea of arming teachers and sought offensive capabilities in schools to deter mass shootings. This comes after last week’s shooting at a high school that killed 17 people. The shooting sparked an intense push to restrict access to assault rifles fuelled by student activists who demanded concrete gun control measures. “If, by the way, the bad guy thinks that somebody’s in this room with a weapon that’s going to be pointed at him, with live bullets, he’s not going into the school. It’s the…

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NATIONAL NEWS NEWS CATEGORIES 

Odisha applies for GI tag for its version of Rasogolla

Odiha government has finally applied for the Geographical Indication (GI) tag for ‘Odishara Rasagola’ (Rasagola of Odisha), officials said today. The state moved the GI Registry for its own version of the popular sweetmeat almost three months after West Bengal was awarded GI tag for ‘Banglar Rasogolla’ (Rasogolla of West Bengal). “GI application for the #OdisharaRasagola filed with the GI Registry, Chennai by OSIC,” Odisha MSME department said in a twitter post. Ratnakar Rout, Managing Director of Odisha Small Industries Corporation (OSIC) filed the application with the GI Registry in…

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