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Top News / The Economic Times

Trump defiant despite rising outrage over border separations

WASHINGTON (AP) — An unapologetic President Donald Trump defended his administration's border-protection policies in the face of rising national outrage over the forced separation of migrant children from their parents. Calling for tough action against illegal immigration, Trump declared the U.S.

19 Jun 2018 9:50 am
Origins of family separation issue stretch back many years

WASHINGTON (AP) — Thousands of children split from their families at the U.S. southern border are being held in government-run facilities. A look at how we got here, what's real and what's not, and what might happen next.

19 Jun 2018 9:40 am
A billionaire’s folly becomes a nightmare for bankers

By Anto Antony and Dhwani PandyaThe days of zero crime are over. Garbage collection is sporadic, so litter soils the man-made lake. Storefronts are vacant. Signs of neglect are everywhere: maintenance is late or nonexistent. And that’s for the construction already done. For the unfinished building works—i.e. most of it—there is little happening.Two decades ago, then-billionaire Ajit Gulabchand envisioned something very different: a city called Lavasa, modeled on the cotton-candy harbor of

19 Jun 2018 9:31 am
Lower customer acquisition & network costs boost Jio opex

Kolkata: Reliance Jio’s sharply lower customer acquisition and network costs are seen as the biggest drivers of the 4G entrant's opex efficiency, said analysts reviewing the Mukesh Ambani-controlled telco’s FY18 annual report.But they said the 64% on-year fall in Jio’s FY18 employee expenses to Rs 960 crore from Rs 2,700 crore in FY17 suggested that a very large portion has been capitalised, especially staff costs relating to the telco’s home broadband and enterprise businesses that are

19 Jun 2018 8:40 am
Hospitality bumps: Why Indian hotels are doing poorly & bankers looking to recover loans

The Mark Hotel in New York City has luxury down to an art. A 4,788-square feet penthouse with a ginormous terrace, five bedrooms equipped with the finest Italian linen and 24/7 access to luxury hairstyling and tailoring — the ‘Mark Five’ is a triumph of hospitality.Of course, a day’s at one of the world’s most exclusive hotels comes with an attached bill of $86,000, plus taxes. India, though, does it much cheaper. After all, the Narendra Modi government’s favours tourism-driven jobs

19 Jun 2018 8:30 am
5 ways to manage a fitness regime at work

Sitting for long hours on work stations and commuting for several hours take a toll not only on the mind but also on the body. It is only when one is agile mentally and physically that this energy gets transferred at work and leads to improved performance. A fit body and mind is not only productive but also transmits a positive energy at workplaces. The question that arises is how does one get started with fitness at the workplace? ET reports five ways to stay fit at the workplace.1. Keep Moving

19 Jun 2018 8:12 am
Anatomy of CXO fudging: Read between the lines

Here are some startling statistics. About 2-3% of all CXO candidates fudge their resumes and lie about their education and work experience, according to at least half-a-dozen headhunters and leadership experts.Early this month, Samsonite International SA’s CEO Ramesh Tainwala had to step down from his job after being accused of—among other reasons— a ‘classic resume fraud’, claiming to have an educational qualification which he allegedly did not possess. This wasn’t the first time a

19 Jun 2018 7:43 am
It's work more and play less for Cannes Lions this year

Cannes Lions has a hangover. After years of hard partying, it’s finally trying to sober up. A tamer and tighter festival with a sharper focus on work, rather than just lavish Gatsby-esque parties and gatherings on five-star hotel terraces and beaches.Last year, the festival organisers faced fiery criticism. One of the big four holding companies, Publicis, made a shock announcement that it won’t participate in the Oscars of advertising this year and instead redirect all resources to set up Ma

19 Jun 2018 7:35 am
Ad wars: HUL files a caveat petition in HC against Emami

Hindustan Unilever has filed a caveat petition in the Mumbai High Court against Emami, anticipating the rival to approach the court against an HUL ad that takes a potshot at Emami’s Fair and Handsome fairness cream for men.Emami said it is evaluating the latest television commercial for HUL’s Men’s Fair and Lovely brand and “will take all necessary action as deemed fit”. Industry executives said HUL recently launched the new campaign, which names the rival’s brand, after relaunching

19 Jun 2018 7:25 am
India may have found a way to bypass a Trump embargo on Russian defence deals

New Delhi: Efforts to break the logjam over Russian defence deals because of US sanctions have zeroed in on a rupee-rouble transfer as the only way out but both sides are finding it difficult to find banking institutions through which such payments can be routed.Financial sanctions by the US have hit India’s arms trade with Russia hard, with payments for weapons and equipment worth over $2 billion getting stuck, including those for critical projects such as the repair of leased nuclear attack

19 Jun 2018 7:20 am
India’s mortgage mania can quickly turn to panic

By Andy MukherjeeAffordable housing in India is a corner of finance that’s expanding almost 40% a year, and even more for some hyperactive lenders. The borrowers are subprime, their collateral is of dubious value, financiers’ cost of capital is rising, and yet the government is whipping up a home-buying frenzy. Investors beware. You’ve seen similar stories play out before; this one, too, isn’t likely to end well.But what exactly is the situation?Suppose you’re a production supervisor i

19 Jun 2018 7:03 am
Guess what's stopping Indian aviation from taking off? Lack of parking space

New Delhi: India’s aviation growth is set to take a hit as key airports around the country have run out of preferred slots and parking space, putting the squeeze on the growth plans of domestic carriers. The problem is especially acute for newer carriers such as Vistara and AirAsia India, which are still in the initial phase of expansion and have been left with “undesirable” slots, experts said.Airports in Mumbai and Delhi are only offering slots between 11 pm and 5 am. Pune and Goa are no

19 Jun 2018 6:42 am
The Latest: Cruz promises bill to deal with border crisis

8 p.m. Texas Sen. Ted Cruz says he is introducing emergency legislation intended to keep migrant families together.

19 Jun 2018 5:48 am
All 5 first ladies speak out on family separations at border

NEW YORK (AP) — All four former first ladies have joined the current one, Melania Trump, in an unusual united political front expressing horror at children separated from their parents at the U.S.-Mexico border.

19 Jun 2018 4:46 am
Unapologetic Trump digs in on immigration despite outrage

WASHINGTON (AP) — An unapologetic President Donald Trump defended his administration's border-protection policies Monday in the face of rising national outrage over the forced separation of migrant children from their parents.

19 Jun 2018 4:38 am
Pentagon suspends August military drills with South Korea

WASHINGTON (AP) — The Pentagon on Monday formally suspended a major military exercise planned for August with South Korea, a much-anticipated move stemming from President Donald Trump's nuclear summit with North Korean leader Kim Jong Un.

19 Jun 2018 4:26 am
The Latest: Microsoft criticized for Immigration agency work

6:30 p.m. Microsoft is facing criticism over its relationship with U.S.

19 Jun 2018 4:06 am
The Latest: White House rejects narrow fix for border crisis

6 p.m. The White House says it would reject a narrow fix to address children separated from their parents at the U.S.

19 Jun 2018 3:48 am
The Latest: Homeland secretary says border crisis isn't new

5:20 p.m. Homeland Security Secretary Kirstjen (KEER'-sten) Nielsen says the immigration crisis that has led to families being separated at the U.S.

19 Jun 2018 3:04 am
Trump digs in on immigration as national outrage rises

WASHINGTON (AP) — Undaunted and unapologetic, President Donald Trump defended his administration's border-protection policies Monday in the face of rising national outrage over the forced separation of migrant children from their parents.

19 Jun 2018 2:44 am
Director: FBI won't repeat mistakes noted in watchdog report

WASHINGTON (AP) — The FBI is determined to not repeat any of the mistakes identified in a harshly critical watchdog report on the handling of the Hillary Clinton email investigation, Director Chris Wray told lawmakers at a congressional hearing Monday at which he repeatedly sought to distance

19 Jun 2018 1:44 am
Director: FBI won't repeat errors noted in watchdog report

WASHINGTON (AP) — The FBI is determined to not repeat any of the mistakes identified in a harshly critical watchdog report on the handling of the Hillary Clinton email investigation, Director Chris Wray said Monday at a congressional hearing.

19 Jun 2018 12:32 am
The Latest: Inspector general: FBI employees aren't perfect

3 p.m. Justice Department Inspector General Michael Horowitz says the people working for the FBI cannot be perfect.

19 Jun 2018 12:32 am
The Latest: First ladies criticize border family separation

2:10 p.m. Former first lady Michelle Obama is adding her voice to the rising chorus of criticism of the Trump administration's policy of family separation at the border.

19 Jun 2018 12:10 am
2K children alone: Trump's self-inflicted domestic crisis

WASHINGTON (AP) — Thousands of children split from their families at the U.S. southern border are being held in government-run facilities. A look at how we got here, what's real and what's not, and what might happen next.

19 Jun 2018 12:08 am
Supreme Court leaves door open to curbing partisan districts

WASHINGTON (AP) — The Supreme Court on Monday allowed electoral maps that were challenged as excessively partisan to remain in place for now, declining to rule on the bigger issue of whether to put limits on redistricting for political gain.

18 Jun 2018 11:56 pm
The Latest: Immigrants in Texas ask judge about fate of kids

1:43 p.m. About 80 immigrants who were arrested at the border in recent days appeared in court Monday to plead guilty to immigration charges.

18 Jun 2018 11:32 pm
IOC in talks with US cos for term deals to buy 1MT oil

NEW DELHI: Indian Oil Corporation (IOC) is exploring term deals with producers in the United States (US) for purchase of about a million tonnes of crude oil, a move that could turn the US into one of its regular suppliers and counterbalance traditional producers in the Gulf. Indian refiners began buying US crude in the spot market last year and IOC’s term deal, when it happens, will be the first regular supply deal with the US. “We are already taking spot cargoes. Now we are exploring term d

18 Jun 2018 11:29 pm
18 Jun 2018 11:02 pm
AP FACT CHECK: Trump is wrong about crime in Germany

BERLIN (AP) — U.S. President Donald Trump suggests crime in Germany is surging because of migration, causing a political backlash against the country's leadership. But he's wrong about Germany's crime rate, which is at its lowest in a quarter century.

18 Jun 2018 10:54 pm
A much-needed reform to make India's bureaucracy competitive

by Arvind PanagariyaIn an article published in this newspaper in September 2000, ‘Bringing Competition to Bureaucracy’, I had argued that increased complexity of policymaking required opening up of the top bureaucracy to outside specialists. I recommended, “Positions at the level of joint secretary and above should be filled by fully open competition. To ensure fairness in the process, the UPSC (Union Public Service Commission) can be entrusted with the task of administering the selections

18 Jun 2018 10:46 pm
The Latest: Sessions says no one wants to split families

11:31 a.m. Attorney General Jeff Sessions says law enforcement officials do not want to separate parents from their children.

18 Jun 2018 9:38 pm
Coming up! B.A, BSc, B.Com- Professional

Amid rising unemployment and criticism that the education system in India is not helping create employable graduates, the Human Resource Development (HRD) ministry is looking at ways to add up to a 1,000 hours of ‘professional’ component to undergraduate programmes.It has been proposed that for the three most popular courses- Bachelors of Arts, Bachelors of Science and Bachelors of Commerce- components on soft skills, Information technology and discipline specific professional skills be adde

18 Jun 2018 9:36 pm