France, India play down security risk of leaked submarine data


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.

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Under India's incoming RBI boss expect less chat, unified message 25 Aug 2016

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.

Indian submarine documents stolen, not leaked - French source 25 Aug 2016

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.

RBI retains 'too big to fail' status for SBI, ICICI Bank 25 Aug 2016

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.

RBI to allow banks to offer corporate bonds as collateral for repo 25 Aug 2016

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.

China expresses concern about Indian missiles on border 25 Aug 2016

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.

Sri Lanka wants Indian subcontinent firm involved in $400 mln port contract 25 Aug 2016

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.

U.S. Navy ship fires warning shots toward Iranian vessel - CNN 25 Aug 2016

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.

WhatsApp relaxes privacy stance, to share phone numbers with Facebook 25 Aug 2016

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.

GM mustard clears hurdle in India but more remain 25 Aug 2016

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.