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- Govt may cut interest rates on small savings schemes for July-Sept quarter
March 3: News in Pictures
March 3: News in Pictures
Engineers attend to calls from abroad at a call centre in Gurgaon on the outskirts of New Delhi
India's services sector expanded in February at its fastest pace in seven months, helped by a steady expansion of new business, even as input price pressures intensified, a survey showed on Thursday.
The HSBC Markit Business Activity Index, based on a survey of around 400 companies, rose to 60.2 in February from 58.1 in January, staying above the 50 mark that separates growth from contraction for the 22nd consecutive month.
The PMI's new business sub-index, at 59.6, recorded its strongest growth since June as market conditions improved, and developed economies recovered.
A view of the Supreme Court building is seen in New Delhi
The Supreme Court on Thursday quashed the appointment of the central vigilance commissioner (CVC) for involvement in a palm oil import case, in another rebuke for the Congress-led coalition government.
The rejection of PJ Thomas's appointment as CVC comes as Prime Minister Manmohan Singh's government is trying defend itself against a series of graft scandals including a $39 bn telecoms licensing scam.
Apple CEO Steve Jobs introduces the iPad 2 on stage during an Apple event in San Francisco, California
A thin but energetic Steve Jobs made a surprise return to the spotlight on Wednesday, taking the stage to unveil Apple Inc's new iPad and drawing a standing ovation.
The Silicon Valley legend has been out on medical leave since late January and his reappearance, in trademark turtleneck and jeans, bolstered Apple shares and reassured investors and fans worried about his health.
People walk past the headquarters of the central bank of the People's Republic of China in Beijing
China will probably raise lenders' required reserves once again this month to soak up excess cash in the economy and tamp down on inflation, the official China Securities Journal reported on Thursday.
In a front-page article, the newspaper cited industry analysts as saying that a surge in capital inflows and a large volume of maturing bills would prompt the People's Bank of China to increase reserve requirements for the third time this year.
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