South Asia’s first medical technology park was commissioned on Monday at Irungattukottai, near Chennai by TN Deputy CM MK Stalin. Spread over 23.5 acres, the Trivitron Medical Technology Park (TMTP) is designed to house ten international medica ..

Spain, suffering its worst recession in decades, will see its economy shrink another 0.6 percent this year, the International Monetary Fund has said in its latest global forecast. The euro zone as a whole is expected to grow 1 percent in 2010, while  ..

The global economy is at last emerging out of the crisis with financial markets rebounding after the collapse of Wall Street investment firm Lehman Brothers in 2008, but extraordinary challenges remain, says the International Monetary Fund (IMF). The ..

Afghanistan has received $1.6 billion in debt relief from the International Monetary Fund, the World Bank and the Paris Club of creditors, the three groups said Tuesday.The announcement comes as government delegations from more than 60 countries were ..

Padma Shri awardee Rumualdo D'Souza has advocated scrapping of the examination system to improve the level of education in India.Rumualdo, a Jesuit priest and brother of former Goa chief minister Wilfred D'Souza, was speaking to reporters Tue ..

The Indian School of Business (ISB) has been ranked 12th in the global business school ranking released Monday by the Financial Times, London.This is the third successive year that the Hyderabad-based ISB has featured among the top 20, in the list of ..

The Supreme Court Monday stopped the central government from divesting 44 universities of their special "deemed university" status. A bench of Justice Dalveer Bhandari and Justice A.K Patnaik ordered status quo on the special grading of the ..

India will launch its first manned mission in 2016 with two astronauts for a week-long odyssey in space, a top Indian space agency official said Wednesday."We are planning a human space flight in 2016, with two astronauts who will spend seven da ..

Ahead of the Reserve Bank’s quarterly monetary policy, global consultancy firm Ernst & Young today said the central bank is likely to signal an interest rate increase to suck out liquidity from the market and check prices from spiralling fu ..

State-run Vijaya Bank reported a net profit of Rs.125 crore for the October-December third quarter of fiscal 2009-10, down 26 percent from the Rs.159 crore in same period a year ago."Our numbers need to be seen in the light of subdued earnings f ..

India successfully conducted the static test of its largest solid fuel booster for launching heavier satellites using the Geosynchronous Satellite Launch Vehicle (GSLV-Mk III), the space agency said Sunday."The solid propellent booster (S200) wi ..

The modern communication tool Twitter made it into outer space when US astronaut Timothy Creamer sent a tweet from the International Space Station (ISS), Russian state television reported Saturday. "Hello Twitterverse! we r now LIVE tweeting fro ..

Skygazers will get to watch the red planet Mars from close quarters as it comes closest to Earth and shines brightest Jan 27. It will not be so close or so bright over the next two years. Look towards the east an hour after sunset Jan 27 and Mars wou ..

At least seven more people, including four from Chhattisgarh have died of swine flu, taking India's death toll to 1,177, health authorities said Saturday. Of the seven deaths, four were in Chhattisgarh, two in Maharashtra and one in Gujarat. With ..

Over 44,000 poultry birds were culled in West Bengal's bird-flu hit Murshidabad district, officials said Thursday."The situation is being monitored on a daily basis. So far 44,967 birds have been culled and 3,352 eggs destroyed," said a ..

 India's chief economic adviser Kaushik Basu expects a gross domestic product (GDP) growth of 7.5-7.8 percent this fiscal."Looking at the remarkable recovery of GDP in the last quarters, I see GDP growth in the range of 7.5-7.8 percent  ..

There is a marked improvement in the basic education scenario in the country as most children get access to schools with exceptions to states like Arunchal Pradesh and West Bengal, which are lagging behind, a government survey released Friday said. A ..

City-based public sector bank Allahabad Bank posted a net profit of Rs.345.36 crore for the quarter ended Dec 31, compared to Rs.369.46 crore in the corresponding period last fiscal, it said in a regulatory statement Friday. The bank's income inc ..

Foreign lender HSBC on Thursday said that there is no immediate pressure on lending rates even if the Reserve Bank squeezes money supply to contain inflationary expectations.Calling for retaining fiscal stimulus to carry forward the growth process, H ..

Tax at source will be deducted at the highest level on income accruing to people without permanent account numbers, following a new notification Wednesday that takes effect April 1.The tax will be deducted at 20 percent or the highest prescribed rate ..