Top Stories

India has much to offer in wellness space: Arianna Huffington (IANS Interview) (11:42)
By Vishnu Makhijani
New Delhi, Aug 19 (IANS) Greek-American journalist-entrepreneur Arianna Huffington raised many an eyebrow worldwide when she stepped down as editor-in-chief of the US web portal that bears her name to focus on a wellness start-up she says draws much from Indian traditions and practices.

Lack of ethics in corporate governance led to Nirav Modi scandal: Goa B-school director (11:22)
By Mayabhushan Nagvenkar
Panaji, Aug 19 (IANS) Lack of ethical grounding in corporate governance is the reason behind scandals like the one involving diamantaire Nirav Modi in India, just as absence of values in business practices triggered global accounting scandals like Enron and WorldCom, says Ajit Parulekar, Director, Goa Institute of Management, the state's top B-school.

US ends Syria development fund, says Trump; urges 'rich countries' to pay (07:44)
Washington, Aug 19 (IANS) US President Donald Trump said on Saturday that the US has ended the development fund for Syria, urging "rich countries" to pay instead.

Alliance Air to operate flights from Kochi naval air base (Lead) (00:38)
New Delhi/Kochi, Aug 19 (IANS) State-run Air India's subsidiary -- Alliance Air -- will commence operations from Kochi naval base to aide the rescue operations in flood-hit Kerala.

Walmart acquires 77% stake in Flipkart Group (23:00)
Bengaluru, Aug 18 (IANS) Retail giant Walmart Inc. on Saturday acquired approximately 77 per cent stake in e-commerce major Flipkart.

Maximisation of asset-value vital for IBC success: Secretary (21:42)
Mumbai, Aug 18 (IANS) Corporate Affairs Secretary Injeti Srinivas on Saturday said maximisation of asset-value of insolvent companies and being fair to lesser creditors are vital for the success of the Insolvency and Bankruptcy Code (IBC).

Contraband gold valued at Rs 1 crore seized in Imphal (21:26)
Imphal, Aug 18 (IANS) Five persons have been arrested and 16 gold bars valued at Rs 1 crore seized from them, Assistant Commissioner of Customs Division R.K. Dorendrajit said on Saturday.

Infosys CFO Ranganath resigns, search for successor soon (Third Lead) (21:14)
Bengaluru, Aug 18 (IANS) Infosys Chief Financial Officer (CFO) M.D. Ranganath has resigned and will continue in the executive post till November 16, the IT major said on Saturday.

Alliance Air operates proving flight to Kochi naval air base (20:44)
New Delhi/Kochi, Aug 18 (IANS) State-run Air India's subsidiary -- Alliance Air -- has operated a proving flight to the Kochi naval base as an option for rescue operations in flood-hit Kerala.

Infosys CFO Ranganath resigns, search for successor soon (Second Lead) (20:32)
Bengaluru, Aug 18 (IANS) Infosys Chief Financial Officer (CFO) M.D. Ranganath has resigned and will continue in the executive post till November 16, the IT major said on Saturday.

Geo-political tensions to mount pressure on rupee: Experts (20:04)
Mumbai, Aug 18 (IANS) Geo-political tensions between US and Turkey, along with fears of a rise in protectionist measures and outflow of foreign funds are expected to mount pressure on the Indian rupee in the coming week, experts said on Saturday.

Easing inflation, global cues lift equity indices; weak rupee limits gains (Market Review) (17:46)
By Rituraj Baruah
Mumbai, Aug 18 (IANS) Easing inflation data along with braodly positive global cues lifted the key Indian equity indices during the week with the NSE Nifty50 ending at a record closing level on Friday.

Rupee to stabilise very soon: Official (17:10)
Kolkata, Aug 18 (IANS) The Indian rupee, which has been depreciating against the dollar on account of external factors, will "stabilise" soon with the fundamental equation for trade unchanged, an official said here on Saturday.

Chinese team to visit North-East to study investment: Tripura Minister (16:38)
Agartala, Aug 18 (IANS) A Chinese delegation would visit Assam and Tripura next month to study the possible investment sectors in the resource-rich northeast India, Tripura Health and Family Welfare Minister Sudip Roy Barman said on Saturday.

'Tearful' Musk aims for $25,000 Tesla car for the masses (13:38)
San Francisco, Aug 18 (IANS) After giving a "tearful" interview to The New York Times, Tesla Chairman and CEO Elon Musk sat with popular You Tuber Marques Brownlee for a chat, revealing his plans for a mass-market electric vehicle priced as low as $25,000.

Infosys CFO Ranganath resigns (Lead) (13:34)
Bengaluru, Aug 18 (IANS) Infosys Chief Financial Officer (CFO) M.D. Ranganath resigned from the executive post, the IT major said on Saturday.

Vajpayee cemented Rohtang 'tunnel of friendship': Residents (13:06)
By Vishal Gulati
Manali (Himachal Pradesh), Aug 18 (IANS) A frequent visitor to this picturesque resort before illness gripped him, late Prime Minister Atal Bihari Vajpayee is believed here to be the only national leader who thought of ending the five months of exile every year of the residents of the landlocked Lahaul Valley by constructing a tunnel through the Rohtang Pass.

Apple to ditch 'Time Travel' feature with watchOS 5 (13:04)
San Francisco, Aug 18 (IANS) Apple is saying goodbye to "Time Travel" -- one of Apple Watch's under-used features -- with watchOS 5 this fall.

Infosys CFO Ranganath resigns (12:04)
Bengaluru, Aug 18 (IANS) Infosys Chief Financial Officer (CFO) M.D. Ranganath has resigned from the executive post, the IT major said on Saturday.

Financial distress in India's thermal power sector (Comment) (11:16)
By Tim Buckley & Kashish Shah
The thermal power sector accounts for $40-60 billion of potentially stranded assets that are continuing to trouble the Indian banking sector. Fifteen GW out of the stressed 40 GW has not yet been commissioned, as identified in the report of the Standing Parliamentary Committee on Energy earlier this year.

SBI contributes Rs 2 cr for flood-hit Kerala (10:44)
Mumbai, Aug 18 (IANS) The State Bank of India (SBI) has donated Rs 2 crore for the Kerala flood victims and initiated several other ground-level measures in the deluged state, an official said on Saturday.

Samsung Galaxy Note 9: Beauty meets beast in premium segment (Tech Review) (10:22)
By Nishant Arora
New Delhi, Aug 18 (IANS) What exactly do you want in your smartphone? Is it day-long performance, fast charging, more data storage, speed and power, better immersive experience, or all of these?

Safecrop Holdings to buy Star Health & Allied Insurance (08:08)
Chennai, Aug 18 (IANS) The first stand-alone health insurance company, Star Health & Allied Insurance Company Ltd, will change hands soon will all its existing shareholders exiting in favour of Safecrop Holdings Pvt Ltd, a consortium with WestBridge AIF, Rakesh Jhunjhunwala and Madison, the company said.

Oil prices rises after sharp declines (02:54)
New York, Aug 18 (IANS) Oil prices continued to rise slightly on Friday after slumping over 2 per cent earlier this week.

US sanctions Myanmar military personnel, units over human rights abuse (02:02)
Washington, Aug 18 (IANS) The US Treasury Department on Friday announced to sanction four commanders and two military units in Myanmar, accusing them of being related with human rights abuse cases in the country.