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US reviewing India's development of Chabahar port, says official

Washington: The Trump administration, which is determined to impose fresh set of sanctions on Iran and countries and entities engaged in business with Tehran, is currently reviewing India's development of the strategically important Chabahar port in the Islamic Republic, a senior government official has said. 

The Chabahar port is being considered a gateway to golden opportunities for trade by India, Iran and Afghanistan with central Asian countries besides ramping up trade among the three countries in the wake of Pakistan denying transit access to New Delhi. 

DHFL shares nosedive 23%

New Delhi: Shares of DHFL erased early gains and tumbled 23 per cent Tuesday on profit-booking as fears of a liquidity crisis continued to haunt sentiments.

The scrip of the company plunged 22.30 per cent to Rs 305.35 on BSE despite a positive opening.

At NSE, shares of the company tanked 23.22 per cent to Rs 302.40 even after a positive start.

Shares of DHFL had bounced back sharply Monday and ended nearly 12 per cent higher after a massive selling spree on fears of a liquidity crisis Friday.

Jaitley asks PSU banks to take effective action against frauds, wilful defaults

New Delhi: Finance Minister Arun Jaitley Tuesday asked public sector banks to take "effective action" in cases of fraud and wilful loan defaults.

Reviewing the performance of state-owned lenders, he exuded confidence that formalisation of the economy would help India achieve sustainable growth of 8 per cent. 

"When Will Modi Baba And Chaalis Chor Answer": Congress On Rafale Row

New Delhi: The Congress on Tuesday rejected BJP's claim that Rahul Gandhi wanted the Rafale deal scrapped to help a firm linked to his brother-in-law Robert Vadra and said the PM Modi government was responding to the alleged "scam" with abuses and mud-slinging.

On Monday, the BJP alleged that the Congress president was involved in a "conspiracy, internationally" and former French president Francois Hollande was part of the "nexus" to sabotage the Rafale deal.

Injured Indian Navy sailor hospitalised

Kochi: A day after he was rescued from the Indian Ocean off Australia, Indian sailor Abhilash Tomy, who suffered a grievous back injury while participating in the Golden Globe race, has been admitted to a hospital in a remote island, a Defence spokesman said here Tuesday.

He said the French fisheries vessel Osiris, which rescued Commander Abhilash Tomy, reached off Amsterdam isle by 9:30 AM and the sailor was subsequently transferred to the hospital there for further medical evaluation and treatment.

Japan woman held over keeping baby body in locker 'for years'

Tokyo: Tokyo police said Tuesday they had arrested a 49-year-old woman suspected of dumping a stillborn baby's body in a coin locker, amid reports she had moved the corpse around for as many as five years.

"The suspect... left and abandoned the body of an infant inside the locker," near Uguisudani Station, a Tokyo police spokeswoman told AFP, with the latest incident occuring around September 13.

Kiara Advani joins Shahid Kapoor in "Arjun Reddy" remake

Mumbai: Actor Kiara Advani has been paired opposite Shahid Kapoor in the Hindi remake of Telugu blockbuster "Arjun Reddy".

Kiara, who was most recently seen in Netflix's "Lust Stories", will essay the role of Shahid's love interest.

"'Arjun Reddy' has always been one of my favourite films. There are so many shades to the heroine's character; I'm very excited about it," Kiara said in a statement here. 

Two militants killed in encounter in J-K

Srinagar: Two unidentified militants were Tuesday killed in an encounter with security forces in Baramulla district of Jammu and Kashmir, an Army official said.

Security forces launched a cordon and search operation in Bomai area of Sopore town this morning following information about presence of militants in the area, he said.

The official said the search operation turned into an encounter after the militants opened fire on security forces.

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