Two US senators have introduced a bill to make it tougher for American firms to employ foreign professionals under its H-1B and L1 visa programmes utilised the most by Indians and the Chinese.The bill introduced by Senators Chuck Grassley and Mr. Dur ..

The Punjab government has released over Rs.85 billion as payment to farmers for wheat procurement, considered one of the largest such exercise in the world."The procurement process is going on quite smoothly. Over 87 lakh tonnes of wheat have be ..

Lilavati Hospital in Mumbai spent $12,000 once to upgrade its electricity system, and is saving $17,000 a year on power bills. Many firms don't even have to pay any money upfront. They just save on the power bill, and pay a percentage of that sav ..

Four people have been detained in connection with Thursday's suspected sabotage of industrialist Anil Ambani's chopper that he was supposed to have flown from the Mahalaxmi Race Course helipad to his office in Navi Mumbai before the incident  ..

US-based talent management firm Global Crosswalk Inc (GCI), co-founded by two Indian expatriates, has set shop in India's IT hub to help companies develop global workforce for providing value-added/knowledge-based services."We offer niche so ..

Despite the global slowdown and recession in Europe and the US, India expects at least $40 billion as foreign direct investment (FDI) in the current fiscal, a senior industry ministry official said here Friday."The overall outlook for foreign in ..

Deposits by non-resident Indians (NRIs) in Kerala banks grew from Rs.31,865 crore in June 2008 to Rs.34,649 crore as on Dec 31, 2008, according to the State Level Bankers Committee (SLBC).The SLBC in a meeting here Friday said the State Bank group ha ..

The Supreme Court Friday made apparent its disapproval of air hostesses being dismissed for being overweight and said passengers would be happier if the focus was on their demeanour."All the passengers will be happy if your air hostesses are goo ..

The global financial crisis is imperilling the UN Millennium Development Goals and could hamper development, warned an International Monetary Fund (IMF)-World Bank report released Friday.Most of the eight globally agreed goals are unlikely to be met  ..

British pop stars and music producers are feeling the pinch - relatively speaking - from falling property and share prices in the current recession, it was reported Friday.According to the 2009 Sunday Times Rich List, published in online services Fri ..

India's leading private carrier Jet Airways Friday said it has cut salaries of at least 370 senior employees as the airline was bleeding on account of falling traffic and rising operational costs."We have temporarily imposed a reduction in s ..

The US wants India to sign an agreement for end-use monitoring to receive "sensitive" technology and equipment for counter-terrorism and defence purposes."We need to sign an agreement with India that will assure the protection of these ..

Recession is bound to hit Indians wanting to study in the US, but America is offering more scholarships, a senior American diplomat said Friday.Indians represent the largest community of overseas students in American colleges and universities."T ..

India-US relations that have warmed up considerably over the past few years are not dependent on a change in government in either country, US Deputy Chief of Mission Steven J. White said here Friday."There is a broad bipartisan support in the US ..

India's largest car maker Maruti Suzuki has logged almost 30 percent decline in its net profit for 2008-09 despite recording the highest ever turnover in the company's 27-year history.The company's net profit for the fiscal stood at Rs.1, ..

State Cooperation Minister G. Sudhakaran Friday said the total deposits in the 1,614 cooperative banks in Kerala would keep increasing despite the slowdown and touch Rs.50,000 crore by November.Speaking to reporters here, Sudhakaran said when the Lef ..

The Mumbai police have begun a probe into the possible bid to sabotage a helicopter owned by industrialist Anil Ambani's group but have found no leads so far, investigating officers said Friday."We are still investigating the matter and ques ..

Japan's largest brokerage house, Nomura Holdings Inc, incurred a record net loss for the year ended March March 31, the firm said Friday.The record loss amounted to 709.44 billion yen ($7.24 billion) after the firm was hit hard by the global fina ..

When most sectors are bearing the brunt of global economic slowdown, India's telecom industry is continuing with its high growth saga, thanks to the expanding subscriber base in the rural areas.India last month saw the highest number of subscribe ..

Nearly two million Bangladeshi workers in Saudi Arabia can now change their jobs under a new law passed on the eve of Bangladeshi Prime Minister Sheikh Hasina's visit.It will help Dhaka consolidate one of its most lucrative manpower export market ..