India ranked 3rd on global black money list; USD 440bn moved out in 10 years

Washington - As India continues its pursuit of suspected black money stashed abroad, an international think-tank has ranked the country third globally with an estimated USD 94.76 billion (nearly Rs 6 lakh crore) illicit wealth outflows in 2012.

As a result, the cumulative illicit money moving out of the country over a ten-year period from 2003 to 2012 has risen to USD 439.59 billion (Rs 28 lakh crore), as per the latest estimates released by the Global Financial Integrity (GFI).

Sydney hostage crisis: Congress condemns 'act of terror'

Anand SharmaNew Delhi, Dec 15 : The Congress Party on Monday strongly condemned the hostage situation that is currently underway in Sydney, terming it an 'act of terror'.

"This act of terror should be strongly condemned. Today, terrorism is a global challenge and the countries of the world must unite and face-off against this evil as one," Congress leader Anand Sharma told ANI.

Sharma was reacting to the ongoing situation in Sydney, where an armed man had earlier in the day taken an undisclosed number of people hostage at the Martin Place Cafe and displayed a black flag with Arabic script in the window, sparking a security alert in Australia.

China's economy to grow at 7.1 percent next year

China's economy to growBeijing, Dec 15 : China's economic growth is expected to drop from 7.4 p

This protein may help regulate fat levels in humans

fat levels in humansWashington, Dec 15 : A new study has revealed that the protein, which regulates protein production, can also control fat levels.

Researchers said that Maf1 was the protein found in worms and a version of the protein, exists in humans which regulates protein production in the cell, raising the possibility that it too may control fat storage.

Sean Curran, assistant professor at the USC Davis School of Gerontology explained that so far people have only studied Maf1 in single cells, where it was known to regulate protein synthesis, but no one looked at its effect on the whole organism before.

Eva Longoria says she relates to struggle of Arabs

Eva Longoria
Dubai, Dec 15 : Eva Longoria has revealed that that she can relate to struggle faced by the Arabs.

The 39-year-old actress said that she Mexican-American, so she's American, but was raised with Mexican culture, thus has a different language, religion, Gulf News reported.

She said that she understands the similarities that happen when people judge you for having a culture and an ethnicity or an identity.

TCS shares tank 4% on revenue growth concerns

Mumbai - Shares of Tata Consultancy Services (TCS) fell by 4 percent Monday on worries that growth may be muted after the company said it expects revenue in December 2014 quarter to be 'in-line with seasonal trends'.

TCS's scrip tumbled 4 percent to Rs 2,356.45 at the BSE.

On the NSE, it was down 3.9 percent to Rs 2,355.10.

The bellwether stock was the worst performer among the 30-Sensex constituents.

The third quarter of the fiscal is traditionally weaker for IT firms as business is impacted by low volume growth amid Christmas and New Year holidays and furloughs in the US and Europe.

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