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Mandy Rice Davies photographed in the 1960’s Photo: Rex Features  I was 13 when it all happened. Parents in those days wished their children wouldn’t read scandals, with the predictable result that, for the first time in our lives, we read the papers avidly. Christine Keeler and Mandy Rice-Davies, the girls involved in the Profumo scandal of 1963, were of elder-sister age: the beehive hair, short shift-dresses and […]

Family firms… ouperforming non-family companies Family firms ‘key driver of GCC growth’ DUBAI, 1 days ago Family firms, which represent around 75 per cent of the private sector economy in GCC, outperform non-family firms by 15 per cent, and their continued success is a vital contributor to overall GCC growth, a report said. Family firms, which represent around 75 per cent of the private sector economy in […]

Labour leader Ed Miliband with MP for Manchester Central Lucy Powell Photo: Steve Back / Barcroft Media It was only a matter of time before Lucy Powell got it in the neck for being successful, young – and above all female. Just days after Ed Miliband promoted her vice-chair of Labour’s election campaign, the briefings against her began. Yesterday they reached a new frenzy, after she was blamed […]

Visitors walk past by the Ilissos statue, a part of the collection of ‘The Parthenon Marbles’, also known as the ‘Elgin Marbles’ in the Hermitage Museum in St. Petersburg Photo: ANATOLY MALTSEV/EPA By Boris Johnson 6:10AM GMT 08 Dec 2014 Follow The other day, I saw at close hand the bravery and professionalism of a Malaysia Airlines cabin crew as they grappled with a passenger who was being, […]

Just days after Stephen Hawking, a preeminent British physicist, warned artificial intelligence (AI) could end mankind, MetaMind announced its new AI platform and an initial $8 million in funding from Khosla Ventures and Salesforce Chairman and CEO Marc Benioff. MetaMind has developed what it calls “deep learning” software that combines natural language processing and computer vision to solve complex data problems. The technology’s goal is to pave […]

Herman von Rumpuy Photo: REX Tomorrow, Herman Van Rompuy (which, lest we forget, rhymes with ‘Pumpy’) steps down as President of the European Council. He may look like Sven-Göran Eriksson’s less exciting older brother, but for five years this unelected eminence very grise has dominated European politics. So what do you know about this human riddle wrapped in a mystery inside a bland, Belgian enigma? 1 The man […]

FlyDubai’s debut Islamic bonds are signaling growing appetite for sukuk from aviation companies in the Gulf as they spend on airports and fleet expansion. The budget carrier raised $500 million this month in the first sale of the debt by a regional airline after Emirates, the world’s largest operator of A380 superjumbo planes. The issue received bids for more than six times the amount offered. Gulf cities […]

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New Delhi: India has signed a euro 13 million deal with Airbus Defence and Space for the delivery of a dedicated facility in the country for the maintenance and repair its submarine fleet periscopes. The project is due to be completed in September 2016.   “When a product is serviced, a lot of time is lost during the transport between different facilities. Once maintenance work can be […]

By Kalyani Shankar Why is Prime Minister Narendra Modi wooing the Indian Diaspora? While Modi’s critics say that he is building up the brand Modi abroad, Modi is clear that with their support he could build a better image for himself. There are about 100 million Indians living abroad and he obviously feels that their power should be harnessed for the growth of India and for his […]

NEW DELHI: The government will soon relax the rules so that road developers can sell their completed or stuck project, which will free them up to invest in other road projects that have found few takers in recent years. The current rules say developers have to hold at least 26 per cent stake in highway projects, tying them to projects executed by them.   The road ministry […]

Mumbai: The board of Securities and Exchange Board of India (Sebi) on Wednesday cleared big-bang market reforms, including a move to replace the two-decade-old insider-trading rules with the new prohibition of insider trading (PIT) regulations, and amending the existing delisting regulations. Additionally, Sebi approved new reforms in consent mechanism under which it will give entities found violating securities laws the option of settling the matter before the […]

NEW DELHI: The government is working on big-ticket financial package for about 1,30,000-mw thermal and hydro power plants worth over Rs 6,00,000 crore that are hit by severe funds crunch while continuing to face cost and time overruns.   Officials said the Department of Financial Services will shortly recommend a series of steps to the Reserve Bank of India.   These include lenders providing additional debt to […]

Kolkata: The fear of bad loans and limited lending opportunities to top companies have prompted several banks to shift focus towards the retail (individual loans) and small & medium enterprises segments. India Inc’s reluctance to borrow money is keeping bankers worried. While lenders were able to stem fresh impairment in their credit quality in the July-September period, low demand for corporate loans has decelerated the growth in […]

NEW DELHI: With global energy firms refusing to participate in the ambitious TAPI gas pipeline, India may propose getting a Chinese company to lead a consortium that will build the USD 10 billion Turkmenistan-Afghanistan- Pakistan-India (TAPI) gas pipeline.   French giant Total SA had initially envisaged interest in leading a consortium of national oil companies of the four nations in the TAPI project, but backed off after […]

By Nantoo Banerjee Given the size of the country’s domestic market of goods and services, the prime minister’s vision of manufacturing in India is no doubt a very practical idea not only from the point of view of the scale of local consumption but also the opportunity it holds for the export of surplus production. No country can sustain an import-led economy forever. However, its success will […]

NEW DELHI: The Centre is likely to reallocate to state-run firms such — as NTPC and Damodar Valley Corporation — as well as state government utilities their captive coal blocks that had been cancelled by the Supreme Court. This leaves only half of the mines for auction to the private sector in the first phase in December.   The coal ministry has assured most of the central […]

PANAJI: Defence Minister Manohar Parrikar is considering the introduction of a new policy on the vexed issue of blacklisting defence equipment suppliers accused of corruption as well as reforming rules for lobbyists to balance the needs of the armed forces with transparency.   Speaking to ET in the state capital at the chief minister’s residence, Parrikar said, “One of the ideas the government is thinking about is […]

By Ashok B Sharma   The annual feature, G 20 Summit, has turned out to be a mere talk shop. No substantial effort has been done at the multilateral level to salvage the global economy. Whatever efforts are been made, are at national level for generating more demand to keep up the growth pace of their economy.   But with the emergence of strong leadership in India, […]

By Kalyani Shankar   The 25-year-old Shiv Sena-BJP break up in Maharashtra confirms the long-term plan of the BJP to go beyond the allies and emerge a dominant national party eclipsing others. In election rallies in both Maharashtra and Haryana, Prime Minister Narendra Modi stressed the end of the coalition era in Indian politics to stress this point.   Narendra Modi as well as the BJP chief […]

By Anjan Roy   China is riding the crest of its economic success currently. It has taken one more step to make its currency globally traded and thus acceptable. China has announced what is known as the Hong Kong-Shanghai Stocks Connect from November 17. This in effect means off shore trading in the Chinese currency for purchase of stocks in Hong Kong and Shanghai exchanges.   Earlier, […]

By S Sethuraman   A Free Trade Area of the Asia-Pacific (FTAAP), by no means a new concept, was successfully pushed by Chinese President Xi Jinping at the APEC Summit in Beijing on November 11, projecting it as ‘historic’, in a move aimed at countering US-dominant trade moves in the region.   The 21-member APEC, of Pacific rim nations, including the United States, China and Japan, now […]

By Upendra Prasad The emergence of Narendra Modi as the Prime Minister and a national leader has changed the contours of Indian politics and it is a time of repositioning for the leaders of other parties to maintain their clout and relevance in the changed political scenario. Leaders of Hindi heartland of Uttar Pradesh, Bihar and Haryana are among those, who find themselves to be in wilderness […]

By Sankar Ray   The grim battle waged by a small but well=meaning section in Pakistan for a sustaining and evolving democratic order has suffered a setback as some pseudo-democratic interests are working against the struggle for democracy. Needless to say, the Pakistan Tehreek-e-Insaf (PTI) and its chief Imran Khan serve as catalyst in favour of the unholy combine of a section of army, the ISI and […]

By Amulya Ganguli   The losers have banded together again. Their perseverance is admirable considering that repeated failures of the so-called Third Front or Janata experiment of constituting a non-Congress, non-BJP outfit haven’t dissuaded them. Probably, the success of the first memorable effort in 1977 which saved democracy in India continues to motivate them.   As a result, whenever there is a low ebb in the political […]

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