In a bid to discourage American multinational companies from moving their assets abroad and parking their profits there, the Obama administration has proposed a new minimum tax rate on foreign profits.

Pakistan President Asif Ali Zardari is making all possible efforts to improve relations with India and the current government is actively pursuing a policy that will lead to a qualitative improvement in ties with New Delhi, acting President Farooq Naek has said.

Eleven army personnel were killed and eight are missing in two overnight avalanches in Jammu and Kashmir, an army official said Thursday.

Polling for the fifth phase of Uttar Pradesh's staggered elections in 49 assembly seats spread across 13 districts began Thursday at 7 a.m.