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September 10, 2012

In the last few years, the US Internal Revenue Service (IRS) has been focusing heavily on tracking offshore accounts of its residents and citizens. Today, there are several forms to be filed with the US treasury department declaring one's offshore account information and compliance is becoming more and more stringent.

September 10, 2012

New Delhi — Accused in the 2G spectrum case and former telecom minister A. Raja Monday began the cross-examination of key witness and former official A.K. Srivastava in a special court here.

Raja's counsel and senior advocate Sushil Kumar asked former department of telecommunications (DoT) official Srivastava various question related to his work and the spectrum allocation during his tenure.

September 10 2012

A total impasse in India's parliament is not only undermining the world's biggest democracy but also deepening its economic woes as long-awaited reforms fall by the wayside.

A now familiar chorus of recriminations echoed around the grandiose circular chamber on Friday as the second of the three annual sessions ended in paralysis.

September 10, 2012

Serena Williams was staring defeat in the face, just two poitns away from a loss, but rebounded in electrifying fashion to win the last four games and the US Open crown.

Serena Williams hugs the U.S. Open trophy after vanquishing Victoria Azarenka Sunday.

September 9, 2012

Samsung Electronics may become a surprise factor in the battle for dominance of the smartphone software market, Lowell McAdam, chief executive of Verizon Communications, said on Friday.

Google Inc's Android and Apple Inc's iOS operating systems currently dominate the smartphone market.

September 9, 2012

t is not just petrol or diesel prices but also milk prices that will be hiked. Mother Dairy Milk will increase the price by Rs.2 per litre in the NCR effective Saturday.

September 9, 2012

MUMBAI -- Had this interview been conducted face-to-face, action superstar Akshay Kumar in all likelihood would have retorted, "Don't angry me!" to certain questions. But since it was on email (he was in Muscat for a shoot), he merely excused himself from queries regarding his friends Shah Rukh Khan and Salman Khan.

September 8, 2012

Indian Premier Manmohan Singh warned Saturday over the use of social media to inflame ethnic tensions after online threats and text messages sparked a mass exodus of migrants from southern cities.

The use of "social media to aggravate the communal situation is a new challenge", Singh told a conference of senior police officials in New Delhi.

September 8, 2012

New Delhi — Remittances to India surged to $66.13 billion in 2011-12 as compared to $55.62 billion in the previous year, Minister of Overseas Indian Affairs Vayalar Ravi said Friday.

September 8, 2012

Scorecard: Pakistan 151 for 4 (Hafeez 45, Jamshed 45) beat Australia 151 for 8 (Bailey 42, Ajmal 2-20) through Super Over

Pakistan's top order provided the platform for a big score