India News

The government approved setting up a state-run firm on Thursday to fund road, port, airport and power projects to improve the country's creaky infrastructure and push growth in Asia's third-largest economy.

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The Winter Session of Lok Sabha will begin on November 23 and conclude on December 23, subject to exigencies of government business, the Lok Sabha secretariat said in a release.

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A BSP candidate, who was set ablaze allegedly by her rivals after refusing to withdraw from the fray in the recent Kshetra panchayat polls, died here on Thursday.Prabhavati Devi, who had sustained 90 per cent burns, succumbed to injuries at the district hospital, Medical Officer J P Srivastav said.

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In what will facilitate export of vehicles and reduce the cost of part development and production, India on Thursday decided to join the 1998 agreement on Global Technical Regulations (GTR) for automobiles with the Union Cabinet giving a go-ahead to the proposal.

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Three persons were killed and 10 injured, two of them seriously, in a clash between two rival groups following a dispute over a piece of land at village Unchidih in Bihar's East Champaran district on Thursday, a senior police official said.

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The government approved a plan to park proceeds from divestment of its stakes in state-owned companies in a separate fund and to use 75 percent of the resources for health and education schemes.
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Vesting the task of making India the world's fashion capital with the National Institute of Fashion Technology, President A P J Abdul Kalam on Thursday suggested that the institute should begin by working to triple garment exports in the next three years.

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It was a quiet but in many ways a blessed Diwali for Kuldeep Singh, driver of the Delhi Transport Corporation bus in which the second of the series of three blasts went off this past Saturday evening in the Capital.

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International Business Machines Corporation (IBM) is setting up a software development campus in Bangalore as part of its expansion plans in India.

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"We don't want Kargil to be repeated. We want the records straight. The position, which is occupied by the forces before withdrawal, should be there on the map," Mukherjee said in an interview.

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Maruti Udyog reported a 15.2% year-on-year (y-o-y) growth in its vehicle sales for the month of October 2005. The company sold 50,308 units last month as against 43,650 units sold in the same month a year ago. The total sales of the company stood at 51,543 units, including export of 1,235 units.

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Government on Thursday extended the ban on six Manipuri underground organisations including People's Liberation Army and PREPAK for two more years.

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Rahul Dravid laid the foundation for India's 262-run chase with a 72-ball 63 and Dhoni provided the fireworks in the end, helping India to a 4-0 series lead with two sixes.

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Leading steel producers have cut flat product prices by Rs 500 a tonne. This comes in the wake of a deluge of cheap imports and softening of steel prices in China.

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Bharat Heavy Electricals Limited (BHEL) has bagged a Rs 130-crore order from Indian Oil Corporation (IOC) for setting up a co-generation power plant at Haldia refinery complex.

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North Delhi Power Ltd (NDPL) today said it had appointed Arup Ghosh as the chief operating officer of the company. Ghosh would act as the functional head of operations, commercial, technical services, IT projects, the company said in a release. 

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Three government entities GAILTEL, RAILTEL and Power Grid Corporation have inked a pact for a strategic alliance to face competitive scenario in telecom business.

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The Kerala government has swung into action after the death of two migrant labourers from Bihar at a construction camp in Thiruvananthapuram.

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Helped by a 17 per cent growth in freight and ten per cent in passenger traffic, the Indian Railways is set to close this financial year with a surplus of Rs 10,000 crore, Minister of State for Railways R Velu said today.

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A youth was on Thursday detained in Ghaziabad, on the outskirts of the capital, as he resembled the Delhi serial bomb blast accused. Police released the sketch of the suspect on Wednesday.

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The Tamil Nadu government has sought Rs 1,120 crore from the National Calamity Contigency Fund for relief operations in the state's flood-hit areas.

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Mahindra & Mahindra (M&M) expects its consolidated net profit to cross Rs 1,000 crore by the end of the current financial year.

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Nihar Info Global Limited, an information technology company, will be setting up a development centre in Visakhapatnam within the next 12 months. The company intends to invest around Rs 4 crore to set up the centre that will have the capacity to house 350 resources.

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British Airways (BA) said on Thursday that it had doubled its flight frequency from Mumbai to London and would be increasing services from the national capital soon.

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Stepping up its offensive, BJP on Thursday shot off a letter to Prime Minister Manmohan Singh asking him to drop External Affairs Minister Natwar Singh from the Union Cabinet for allegedly being a non-contractual beneficiary in the United Nations' Oil-for-food programme for Iraq.

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Overriding tall promises for development, secularism and social justice, casteist factor once again surfaced as the D'Day for third phase of Bihar assembly election on November 19 approached.

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Facing a huge list of complaints including call drops and congestion, the Telecom Regulator has asked the operators to improve interconnection and stem further deterioration of phone services.

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Anna University has suspended 40 students of five self-financing engineering colleges from all educational activities for two years, in connection with the answer paper scam earlier this year.

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The Cabinet Committee on Economic Affairs, scheduled to meet tomorrow, is slated to discuss the operationalisation of the national investment fund (NIF).

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Public sector oil companies have cut aviation turbine fuel (ATF) prices by 1.85 per cent. This is expected to help Indian carriers pare their costs by about one per cent.

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India tightened security on Thursday ahead of Eid-al-Fitr, amid fears of religious tensions after the worst militant attack in Delhi on last Saturday.

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Announcing its formal entry into India, luxury car-maker BMW today said it will set up an assembly plant near Chennai at an initial investment of Rs 110 crore to make 3-series and 5-series model cars starting early 2007 intended solely for domestic consumption.

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The Bharatiya Janata Party (BJP) today demanded a judicial inquiry by a sitting judge into the October 29 train accident near Veligonda in which 114 people lost their lives.

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Students of Indian origin have won the top two prizes at the Discovery Channel Young Scientist Challenge.

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A lean man in his early twenties with a bandage over his left forearm and wearing a blue baseball cap may have planted one of the three bombs that killed 63 people and injured 200 others last Saturday in Delhi, police today said.

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The Andhra Pradesh Government today came out with 'Textile and Apparel Promotion Policy 2005-2010' for the first time in the history of the state.

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The concept paper on the new Limited Liability Partnership (LLP) Act which has been released by the ministry of company affairs proposes to allow firms to form LLPs.

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Foreign Minister Natwar Singh, who has been indicted by the Volcker committee report for his alleged role in the oil-for-food scam, has said he will respond to the charges in Parliament.

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OIL & Natural Gas Corporation (ONGC), will invest about Rs 200 crore in a venture to produce helium from natural gas available in the country. The oil and gas major is teaming up with city-based Saha Institute of Nuclear Physics (SINP) to take up a pilot project in Kunthalam in Tamil Nadu.

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Apart from being the highest religious shrine for Sikhs, the Golden Temple sustains a segment of the economy of Amritsar, providing business to shopkeepers, transporters, and hotel owners, and employment to thousands of young people living in the city.

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The government is planning to exit Hindustan Zinc by selling its residual stake of 29.53% through a public offer. Going by the current market cap, the divestment could fetch the government a neat Rs 2,540 crore.

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Nalco has raised selling prices of its products by Rs 3,350 in all sections. Consumers of base metals now have to pay more for sourcing materials directly or indirectly from producers - domestically, as the producers have revised selling prices of their products upwards in line with escalating prices in the international market.

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Having fought a bloody but successful war against terrorism for two decades, Punjab is now engaged in another fight - to get from New Delhi the billions of rupees the state spent during the security operations.

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Investigations into the serial blasts in Delhi indicated linkage of Muzaffarabad in PoK to the incident and Pakistan-based Lashkar-e-Toiba (LeT) is a strong suspect irrespective of its denial, police sources said here on Wednesday.

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