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'Escaped China activist in US protection'
Blind Chinese activist Chen Guangcheng is under US protection in Beijing after an audacious escape from 19 months under house arrest, a US-based group said on Saturday, in a drama that threatens to ignite new tensions between the two governments. The United States has not given any public confirmation of reports that Chen, who slipped away from under the noses of guards and bristling surveillance equipment

'There is huge potential for US businesses to expand in India'

Over the past several weeks, I met with American and Indian business leaders in Washington. I listened to stories of the obvious potential as well as their tremendous successes. I also learned about

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U.S.'s Geithner welcomes new IMF money pledges

U.S. Treasury Secretary Timothy Geithner said on Saturday that a decision to double the International Monetary Fund's crisis-fighting war chest was welcome but urged Europe to press on with needed

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India sticks to its guns on tax amendments

India has refused to budge from its stand on retrospective amendments to the Income Tax Act. It has categorically told Washington that companies recording capital gains on assets in India would have

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Govt firm on taxing sale of software as royalty

Intense lobbying by US multinational software firms notwithstanding, the government is unwilling to roll back its proposal to categorise the sale of software as royalty, as the double taxation

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Brent steady above $118, headed for biggest weekly loss since Jan

Brent held above $118 per barrel on Friday, with prices headed for their steepest weekly drop in more than three months as fears that the euro zone debt crisis could flare up again dented the demand

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