85 Hindu pilgrims killed in India lorry crash

Saturday, September 8, 2007 A minimum of 85 Hindu pilgrims have been killed in India and 64 injured after their lorry and trailer plunged 24m (80ft) into a river gorge late last night. Approximately 150 people were on board when the driver lost control on a sharp bend near the village of Nagbavji, Rajasthan, smashing through a concrete crash barrier […]

PayPal receives banking licence

Tuesday, May 15, 2007 The online payment service PayPal has received a banking licence in Luxembourg, promoting it to the status of a bank. As a consequence PayPal will move their headquarters to Luxembourg. Since 2004 PayPal had the status of an Electronic Money Issuer supervised by the U.K. Financial Services Authority. Having an official bank status opens new prospects […]

Indian Supreme Court verdict: AMU to remain a minority institution

Monday, April 24, 2006 The Supreme Court of India has said that the Aligarh Muslim University (AMU) will remain a minority institution and that its character will not change, but refused to stay, till the pendency of the matter, the Allahabad High Court’s verdict striking down the 50% quota for students belonging to the minority community. Justice K. G. Balakrishnan […]