State Bank of India (SBI), the nation's top lender by assets, reported its biggest fall in quarterly profit in nearly five years as bad loan provisions jumped after a central bank drive to clean up bad debts in India's banking industry.
WASHINGTON/CAMBRIDGE, Mass. Scientists have for the first time detected gravitational waves, ripples in space and time hypothesized by Albert Einstein a century ago, in a landmark discovery announced on Thursday that opens a new window for studying the cosmos.
China on Thursday responded to a Reuters report that the U.S. and India are discussing joint naval patrols in the disputed South China Sea, warning that interference from countries outside the region threatens peace and stability. Full Article
India will link the interest paid to millions of small savers in a $137-billion central deposit scheme to market rates that will be revised every quarter, Economic Affairs Secretary Shaktikanta Das said on Thursday. The move is likely to irk small savers and could be unpopular politically, particularly in rural areas where few banks have branches. Full Article
UK lawmakers accused Google on Thursday of trying to fool Britons into believing it was a proponent of tax reform while remaining a prime beneficiary of loopholes in existing rules, and said if it was sincere the company would be more transparent over its tax affairs. Full Article
The NSE Nifty fell 3.4 percent on Thursday to the lowest since May 2014, its biggest daily fall in nearly six months as fears of a slowdown in the global economy hammered markets worldwide. Full Article
Some national teams have been given unfavourable competition fixtures for failing to toe the political line inside soccer's world governing body, the Jordanian candidate to become its next president said on Thursday. Full Article
Sheikh Mohammed bin Zayed al-Nahyan (L), Crown Prince of Abu Dhabi and UAE's deputy commander-in-chief of the armed forces, is on an official visit to India. More Pictures