PARIS/FRANCE France and India on Thursday played down the security risk posed by leaked data on French-designed submarines that a source told Reuters was probably stolen by a French former employee and that has raised concerns over a $38 billion contract with Australia.
NEW DELHI/MUMBAI When Urjit Patel became head of the Reserve Bank of India's monetary policy department three years ago, the to and fro of bankers and traders meeting officials for cosy, broad-ranging discussions abruptly ended.
PARIS Documents relating to Indian submarines were stolen from French naval contractor DCNS and not leaked, a French government source said on Thursday, adding that the information published so far showed only operational aspects of the submarines.
MUMBAI The Reserve Bank of India (RBI) on Thursday retained State Bank of India and ICICI Bank , the nation's top two lenders by assets, as "domestic systemically important banks", or the equivalent as "too big to fail" for a second consecutive year.
MUMBAI RBI said on Thursday it would seek legal changes to enable banks to pledge corporate bonds as collateral when borrowing funds from its overnight repo window.
BEIJING China's Defence Ministry said on Thursday that it hoped India could put more efforts into regional peace and stability rather than the opposite, in response to Indian plans to put advanced cruise missiles along the disputed border with China.
COLOMBO Sri Lanka is seeking a consortium that must include a company from the Indian subcontinent to bid for a $400 million contract to build a port terminal, the ports minister said on Thursday.
WASHINGTON A U.S. Navy ship fired three warning shots after an Iranian fast-attack craft approached and circled two U.S. Navy ships and a Kuwaiti vessel in the northern Gulf on Wednesday, CNN reported on Thursday.
Popular messaging service WhatsApp said it would start sharing users' phone numbers with parent Facebook Inc, marking a notable shift in its stance on privacy.
NEW DELHI A government panel has cleared commercial use of what would be India's first genetically modified (GM) food crop, but politicians still have to give final approvals amid wide-spread public opposition.
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