Detroit files biggest-ever US municipal bankruptcy
July 20, 2013
DETROIT: Detroit, the cradle of America's automobile industry and once the nation's fourth-most-populous city, filed for bankruptcy Thursday, the largest U.S. city ever to take such a course.
Detroit expanded at a stunning rate with the arrival of the automobile industry, and then shrank away in recent decades.
Microsoft loses $34 billion market value
July 20, 2013
Microsoft shares fell more than 11% on Friday, their biggest plunge in more than four years, a day after the software company posted dismal quarterly results due to weak demand for its latest Windows system and poor sales of its Surface tablet.
BJP announces Team 2014, to release chargesheet against Congress
July 19, 2013
NEW DELHI: Narendra Modi's stamp was written all over as BJP on Friday announced its election campaign committee for 2014 polls including top leaders Murli Manohar Joshi, Sushma Swaraj and Arun Jaitley who will work under him.
Obama nominates Indian-American Nisha Biswal as assistant secretary of state for...
July 19, 2013
WASHINGTON: In a striking development, President Barack Obama on Thursday nominated Nisha Desai Biswal, an accomplished Indian-American administrator, to head the South Asia bureau in the US state department.
Rupee dips to 59.67 on Fed comments, RBI auction
July 18, 2013
MUMBAI: The rupee extended losses for the second day, dropping 33 paise to 59.67 against dollar, after Fed's comments strengthened the US currency and RBI drained only a fifth of its target in an auction to curb liquidity.
Former Goldman Sachs Group director Rajat Gupta banned, fined $13.9 million
July 18, 2013
Former Goldman Sachs Group Inc. director Rajat Gupta was ordered to pay a $13.9 million civil penalty and banned from serving as an officer or director of a public company for having illegally passed corporate secrets to former hedge fund manager Raj Rajaratnam, a top US regulator said on Wednesday.
Bihar midday meal tragedy: Insecticide in food or cooking oil, doctor...
July 18, 2013
PATNA: Postmortem reports on 22 children who died this week after eating a school lunch in Bihar confirmed that insecticide was either in the food or cooking oil, a doctor said on Thursday.
The postmortem reports on the children who died confirmed that insecticide was either in the food or cooking oil, a doctor said today.
US Lawmakers Call for Expanding India-US Economic Ties
July 18, 2013
By Geeta Goindi
Washington, DC – While celebrating strides in the India-US strategic partnership, influential US lawmakers have called for more action and a working agenda to reinvigorate commercial ties.
New discovery could help explain Earth’s origin
July 17, 2013
WASHINGTON: Scientists still have doubts over the theory that Earth arose from the collision of asteroids, as its composition doesn't resemble that of meteoroids — the small particles that break off from asteroids.
Britain legalizes gay marriage after queen’s approval
July 17, 2013
LONDON: Britain on Wednesday legalized gay marriage after Queen Elizabeth II gave her royal stamp of approval, clearing the way for the first same-sex weddings next summer.
Britain on Wednesday legalized gay marriage
