Lender trims loss Rs. 342 crore from Rs. 919 crore, also aided by lower provisioning Public Sector Indian Overseas Bank’s (IOB) net loss for the first quarter ended June 2019 narrowed to Rs. 342 crore from the Rs. 919 crore reported during the corresponding quarter last year, on lower provisioning …

Cites weaker-than-expected outlook for domestic demand The International Monetary Fund (IMF) has cut India’s growth forecast for 2019-20 to 7% from its forecast in April of 7.3% on poor demand conditions, it said on Tuesday. The IMF’s World Economic Outlook July update also cut India’s growth forecast in 2020-21 to …

Afghan President Ashraf Ghani said on Tuesday the U.S. should clarify remarks President Donald Trump made about Afghanistan, including a claim that he could win the war in 10 days but didn’t “want to kill millions”. Mr. Trump made the statements on Monday while meeting with Pakistan PM Imran Khan, …

President Donald Trump attacked Robert Mueller on Monday, even as he insisted he would not watch the special counsel’s potentially damaging Congressional testimony this week about the two-year Russia investigation. Two days before Mr. Mueller testifies — answering questions for the first time about his high-stakes probe into Russian election …

May had promised stable leadership Theresa May had a mission to fight Britain’s “burning injustices” through strong and stable leadership — but her legacy as Prime Minister will be anything but. The Conservative premier’s turbulent time in office was swamped and ultimately sunk by her legacy-defining battle to secure a …

‘We are going to deliver it on October 31, take advantage of all the opportunities it will bring, and defeat Jeremy Corbyn’ Boris Johnson, the Brexiteer who has promised to lead Britain out of the EU with or without a deal by the end of October, will replace Theresa May …

Pakistan Prime Minister Imran Khan on Tuesday said he was “surprised” over India’s reaction to U.S. President Donald Trump’s offer of mediation for resolving the Kashmir issue which, according to him, had held the subcontinent hostage for 70 years. India has not been engaging with Pakistan since the attack on …

Hurriyat wants an early resolution The National Conference (NC) and the Peoples Democratic Party (PDP), and the separatist Hurriyat on Tuesday welcomed U.S. President Donald Trump’s push for dialogue between India and Pakistan on the Kashmir issue. “It is indeed a welcome step. Any mediation in conflict resolution is not …

Amid uproar, senior BJP leader Mukhtar Abbas Naqvi, who is also the Minority Affairs Minister, rued that the Opposition parties did not trust their Prime Minister and government and said the Opposition could not dictate terms. He said Mr. Jaishankar’s statement was a collective response of the government. When the …

Re-verification would have caused a lot of misery, says AAMSU Various organisations in Assam welcomed the Supreme Court’s order extending the deadline for publishing the final NRC to August 31 and turning down the request of the Centre and Assam government to conduct 20% sample re-verification of listed names in …