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October 3, 2013

WASHINGTON: The Obama administration said the US economy could fall into its deepest crisis since the Great Depression if US Congress does not raise a cap on government borrowing soon and warned it would be impossible to prioritize debt payments over other obligations.

October 3, 2013

By Geeta Goindi

Sri Srinivasan taking the oath of office administered by retired Supreme Court Justice Sandra Day O’Connor (left).  At right is his mother Mrs. Saroja Srinivasan.  Photo credit: Embassy of India, Washington

October 3, 2013

WASHINGTON: India has topped the global chart of remittances with a whopping $71 billion in remittances in 2013, just short of three times the FDI it received in 2012, according to a revised World Bank forecast.

October 3, 2013

MUMBAI: At 6am on Gandhi Jayanti, the 1,350kg Indian Mars Orbiter began its initial journey towards the Red Planet. After a puja for the mission's success, the spacecraft was flagged off from the Isro Satellite Centre in Bangalore towards the launch centre at Sriharikota near Chennai.

October 2, 2013

Brief Scorecard: Mumbai Indians 152 for 4 (Rohit 51*, Smith 48) beat Perth Scorchers 149 for 6 (Whiteman 51*, Coulter-Nile 3-19) by six wickets

Rohit Sharma and Ambati Rayudu celebrate Mumbai's win, Mumbai Indians v Perth Scorchers, Champions League 2013, Group A, Delhi, October 2, 2013

October 2, 2013

WASHINGTON: The political impasse in Congress showed no signs of easing, leaving federal government functions — from informational websites, to national parks, to processing veterans' claims — in limbo from coast to coast. Lawmakers in both parties ominously suggested the partial shutdown might last for weeks.

October 2, 2013

CHENNAI: Chief Minister J Jayalalithaa on Wednesday lashed out at the Union finance minister P Chidambaram for constituting a committee under former chief financial adviser Raghuram Rajan which ranked the states based on development.

October 2, 2013

The country stands a dismal 73rd in a list of 91 nations vis-à-vis wellbeing of the elderly

Geneva: India stands a dismal 73rd in the list of 91 countries, according to a UN-backed study on the wellbeing of the elderly in a rapidly ageing world.

October 2, 2013

Tendulkar is confident that MS Dhoni's men will retain the World Cup in 2015

Dubai: Iconic batsman Sachin Tendulkar believes defending champions India are favourites to retain the ICC Cricket World Cup title in 2015 and exuded confidence that the trophy will remain in the subcontinent.

October 2, 2013

NEW YORK/SEATTLE: Three of the top 20 investors in Microsoft Corp are lobbying the board to press for Bill Gates to step down as chairman of the software company he co-founded 38 years ago, according to people familiar with matter.