Miscellany

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    India sacks 15 senior tax officials over corruption

    Reuters . New Delhi | Updated at 12:00am on June 19, 2019

    India on Tuesday sacked 15 senior tax officials facing probes in corruption cases, sending across a tough message to bureaucrats taking kickbacks for facilitating tax...

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    New Pakistan cenbank chief rejects free floating rupee idea

    Reuters . Karachi | Updated at 12:00am on June 19, 2019

    Pakistan’s new central bank governor Reza Baqir on Monday dismissed the idea of a free floating rupee as he outlined reforms aimed at ending instability...

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    India to review data storage rules that irked US tech firms

    Reuters . New Delhi | Updated at 12:00am on June 19, 2019

    India will examine concerns raised by foreign technology companies around stringent rules to store data locally, the government said on Tuesday, an issue that has...

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    Airbus, Boeing bag $17b of deals in Paris Airshow battle

    Reuters . Le Bourget | Updated at 12:00am on June 19, 2019

    Airbus and Boeing bagged more than $17 billion in plane deals on day two of the Paris Airshow as their sales teams scrapped for orders...

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    FB reveals Libra cryptocurrency, with lofty goals

    Reuters . San Francisco/New York | Updated at 12:00am on June 19, 2019

    Facebook Inc revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move...

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    Inflation rises for fifth month

    Staff Correspondent | Updated at 12:00am on June 19, 2019

    Point-to-point inflation increased for the five consecutive months in May to 5.63 per cent from 5.58 per cent in April mainly for price hike of...

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    ADP spending rises slightly in 11 months

    Staff Correspondent | Updated at 12:00am on June 19, 2019

    The implementation rate of the revised annual development programme was recorded at 67.97 per cent in the first 11 months of the outgoing fiscal year...

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    UK firms to cut investment by most in 10yrs

    Reuters . London | Updated at 12:00am on June 18, 2019

    British companies look set to cut their investment by the most in 10 years in 2019 as the Brexit crisis drags on, weighing on future...

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    Boeing dealt new blow as Airbus launches long-range A321

    Reuters . Le Bourget | Updated at 12:00am on June 18, 2019

    Boeing suffered a fresh setback on the opening of the Paris Airshow on Monday as its engine supplier announced a delay for the US planemaker’s...

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    Lenders seek Jet Airways bankruptcy

    Reuters . Mumbai | Updated at 12:00am on June 18, 2019

    Jet Airways’ creditors said on Monday they plan to begin insolvency proceedings against the Indian airline in a last-ditch bid to find a buyer for...

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