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May 8: US, India working on Iran sanctions: Clinton

  • May 8: US, India working on Iran sanctions: Clinton

    May 8: US, India working on Iran sanctions: Clinton

  • 100 Air India pilots refuse to join work

    Passengers speak to ticketing staff through the only open counter at the Air India ticket office at the domestic airport in Mumbai

    Four Air India international flights were cancelled from Delhi and Mumbai today after about 100 pilots refused to join work

    A section of Air India pilots owing allegiance to Indian Pilots Guild are agitating over the rescheduling of Boeing 787 Dreamliner training

    A section of Air India pilots had yesterday threatened to strike work following the failure of talks with the Air India management

    Disappointed over the management's attitude, some 100 odd pilots have already join the agitation and the Guild expects the number to swell to 250-300 by tomorrow, they had said, indicating the flights operations could be hit severely in the coming days

  •  India impairment drags Telenor to Q1 loss

    The Telenor logo hangs on flags outside one of their stores in Stockholm

    Norwegian telecoms firm Telenor swung to a net loss in the first quarter as it booked a massive impairment charge on its Indian operations, and said its outlook was clouded by the legal troubles of its Indian unit

    State-controlled Telenor reported a net loss of 390 million crowns in the quarter, after a profit of 3.0 billion crowns a year earlier as it wrote off the remaining 3.9 billion crown value of its Indian Uninor unit due to the risk of the firm losing its licence

    The Supreme Court of India earlier this year ordered the cancellation of 122 telecoms licences after a corruption-tainted licensing round and the new proposed fees are so high, Telenor said they would make it "almost impossible" to remain in India

  • HSBC profit up on strong investment bank, cost cuts

    The HSBC building is seen on Canary Wharf in London

    HSBC, Europe's biggest bank, beat expectations with an underlying profit of almost $7 billion in the first quarter thanks to a rebound in investment banking income and a fall in U.S. bad debts

    HSBC said its underlying profit in the first quarter was $6.8 billion, up 25 percent on the year and above the $5.8 billion expected by analysts. Its statutory profit was $4.3 billion, hit by a negative $2.6 billion impact of movement in the value of its own debt

  • Zuckerberg kicks off Facebook's IPO show in New York

    Facebook Inc. CEO Mark Zuckerberg is escorted by security guards as he departs New York City's Sheraton Hotel

    Facebook Inc CEO Mark Zuckerberg took questions about the No. 1 social network's slowing revenue growth and its $1 billion Instagram purchase, kicking off a cross-country roadshow on Monday to promote its $10 billion initial public offering

    Wearing his trademark "hoodie" sweatshirt, jeans and sneakers, Zuckerberg fended off one investor who questioned the deal to buy photo-sharing developer Instagram, an acquisition analysts and media said may have been concluded too hastily

    Facebook aims to raise about $10.6 billion, dwarfing the coming-out parties of tech companies like Google Inc and granting it a market value of up to $96 billion - rivaling Amazon.com Inc's

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