Deposits by non-resident Indians (NRIs) in Kerala banks grew from Rs.31,865 crore in June 2008 to Rs.34,649 crore as on Dec 31, 2008, according to the State Level Bankers Committee (SLBC).The SLBC in a meeting here Friday said the State Bank group ha ..

The Supreme Court Friday made apparent its disapproval of air hostesses being dismissed for being overweight and said passengers would be happier if the focus was on their demeanour."All the passengers will be happy if your air hostesses are goo ..

The global financial crisis is imperilling the UN Millennium Development Goals and could hamper development, warned an International Monetary Fund (IMF)-World Bank report released Friday.Most of the eight globally agreed goals are unlikely to be met  ..

British pop stars and music producers are feeling the pinch - relatively speaking - from falling property and share prices in the current recession, it was reported Friday.According to the 2009 Sunday Times Rich List, published in online services Fri ..

India's leading private carrier Jet Airways Friday said it has cut salaries of at least 370 senior employees as the airline was bleeding on account of falling traffic and rising operational costs."We have temporarily imposed a reduction in s ..

The US wants India to sign an agreement for end-use monitoring to receive "sensitive" technology and equipment for counter-terrorism and defence purposes."We need to sign an agreement with India that will assure the protection of these ..

Recession is bound to hit Indians wanting to study in the US, but America is offering more scholarships, a senior American diplomat said Friday.Indians represent the largest community of overseas students in American colleges and universities."T ..

India-US relations that have warmed up considerably over the past few years are not dependent on a change in government in either country, US Deputy Chief of Mission Steven J. White said here Friday."There is a broad bipartisan support in the US ..

State Cooperation Minister G. Sudhakaran Friday said the total deposits in the 1,614 cooperative banks in Kerala would keep increasing despite the slowdown and touch Rs.50,000 crore by November.Speaking to reporters here, Sudhakaran said when the Lef ..

Recession-hit readers in the US and Britain are spending less and less on books, forcing English language publishers to eye overseas markets, India in particular, to stay afloat.While the US and Britain are still the largest markets for English langu ..

Amazon.com posted an 18 percent boost in sales and a 24 percent rise in profits as the online retail giant shrugged off the effects of the economic downturn.The Seattle-based retailer said it earned $177 million in the first quarter, compared to $143 ..

The global recession has taken its toll on the United Parcel Service (UPS), with the world delivery leader reporting a 55 percent plunge in profits Thursday.In a statement, Atlanta-based courier giant said its profit for the first quarter (January to ..

Microsoft reported a drop in quarterly revenues Thursday for the first time in the 23 years since it went public.But investors still gave the world largest software company their approval, sending Microsoft shares higher in after-market trading as it ..

US President Barack Obama Thursday met leaders of the credit-card industry, urging them to end unfair practices that are raising costs on indebted consumers, while US lawmakers are considering a wider crackdown on the sector.Obama said he hoped to cr ..

The economic downturn is unlikely to affect the Indian tourism industry but only trigger a change of travel trends and preferences in the market, according to industry experts."Now travellers lay more emphasis on the location choice as compared  ..

Voluntary organisation Zakat Foundation of India (ZFI) said Friday that it has adopted the family of 11-year-old Shano Khan, who died last week after being allegedly subjected to corporal punishment by her teacher in a school here for not being able  ..

Strong financials of domestic companies and robust demand in sectors like telecom, pharma and capital goods will kickstart inbound merger and acquisition (M&A) activities in India in the next six to nine months, an industry lobby report said Thur ..

The Russian government has allocated an initial $64 million to part finance a joint project with India to develop a new military transport plane, a defence industry official said Thursday.Russia and India signed an intergovernmental agreement on the  ..

HDFC Bank Thursday reported a 33.9 percent increase in its net profit to Rs.6.31 billion for the quarter ended March 31, compared to Rs.4.71 billion in the same period a year before.The total income rose 53 percent to Rs.537 billion in the period und ..

Salary cuts and job uncertainty are driving pilots in Indian carriers to greener pastures abroad, with as many as 25 pilots believed to be heading for the Gulf.Pilots from Jet Airways and Kingfisher Airlines are expected to join leading Gulf carrier  ..