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Investigators raid Kingfisher boss's home in loan probe

MUMBAI - The Central Bureau of Investigation (CBI) searched liquor baron Vijay Mallya's home and offices on Saturday, in connection with a probe into a loan granted by mid-sized state lender IDBI to his now defunct Kingfisher Airlines.

Recent Business News

Hundreds of thousands protest in Berlin against EU-U.S. trade deal

BERLIN - Hundreds of thousands of people marched in Berlin on Saturday in protest against a planned free trade deal between Europe and the United States that they say is anti-democratic and will lower food safety, labour and environmental standards.

World 7:13pm IST

Fed still plans rate hike this year, but not committed

NEW YORK/MILWAUKEE - Two influential Federal Reserve policymakers on Friday reinforced Fed Chair Janet Yellen's message that an interest rate hike is coming by year's end.

1:29am IST

Iran says will announce oil and gas contracts in Nov and Feb

DUBAI - An official in Iran's oil ministry said on Saturday that Tehran will announce new oil and gas contracts at conferences in Tehran and London on Nov. 21-22 and Feb. 22-24 respectively according to the ministry's news agency.

7:53pm IST

UAW leaders send Fiat Chrysler pact to workers for vote

DETROIT - U.S. union United Auto Workers' leaders on Friday approved a tentative four-year contract with Fiat Chrysler Automobiles NV , sending the proposed agreement to 40,000 workers for a ratification vote.

2:52am IST

China to intensify crackdown on illegal money transfers to fight corruption

SHANGHAI - China will step up its crackdown on illegal cross-border money transfers conducted by underground money dealers and offshore companies, as part of efforts to fight corruption, the central bank said on Saturday.

4:24pm IST


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