India News

The state-owned carrier Indian Airlines has appointed Kotak Mahindra Finance as the adviser for its much-awaited initial public offering (IPO) that's slated to hit the market in early 2006-07.

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In what could restructure the nature of all economic activity in the backward Gadchiroli district, the state government on Thursday signed two memorandum of understandings (MoUs) collectively worth Rs 1,900 crore.

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After a gap of four and a half decades, Hindustan Lever is set to get an expat CEO. Douglas Baillie, group vice president and head of Unilever’s Africa, Middle East and Turkey cluster, will take over as the chief executive officer (CEO) on March 1 next year.

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The central goverment has proposed the introduction of a 2% health cess to collect Rs 6,000 crore for funding insurance schemes for families living below the poverty line (BPL).

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Having posted a turnover of Rs 15,138 crore in 2004-05, Minerals and Metal Trading Corporation (MMTC) hopes to double its business volume, with a focus on the precious metal business, to Rs 30,000 crore in the next two years.

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Prime Minister Manmohan Singh on Saturday expressed optimism that India will soon be part of the nuclear mainstream as a result of the constructive dialogue with the international community.

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Film star-turned-MP Dharmendra suffered a mild heart attack late on Friday night. He was admitted to a private hospital but was however, discharged after few medical tests, said hospital sources.

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After a successful joint rally in front of the Raj Bhawan, the opposition says it will now launch a statewide agitation against the BJD-BJP alliance's decision to adjourn the assembly indefinitely without notice.

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Wheel became a Rs 1000 crore brand. This in effect makes it the largest detergent brand in India, and for a brand that has been around only since 1976, that is some achievement.

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The arrest of three medical students in Kanpur for kidnapping a fellow student for ransom has exposed a flourishing racket in admission to professional courses in Uttar Pradesh's colleges.

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Naresh Goyal, who started life as an airline agent and went on to own Jet Airways, flying into the latest list of Forbes Rich Asians with a networth of nearly $2 billion.

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BJP President L K Advani has said that he was looking forward to the formation of a "true government" by the people in West Bengal in the assembly election next year.

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ICICI Bank, the country’s second largest commercial bank, has sold Rs 1,300 crore worth non-performing assets (NPAs) to Standard Chartered Bank, in a first ever auction conducted for bad loans.

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Prime Minister Manmohan Singh on Friday launched the Rs 1,74,000 crore ‘Bharat Nirman Programme’, aimed at building rural infrastructure and giving a new deal to rural India. He also proposed a “specific financing window” for the ambitious project.

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The government has finally dismantled the monopoly of state-owned oil companies in the supply of aviation turbine fuel at Indian airports. Breaking the PSU stronghold, government has awarded Mukesh Ambani's Reliance Industries the right to supply aviation fuel at 12 airports across India.

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Girl students in Orissa schools will now get free uniforms under a state government plan to promote female education in the state.

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Acting swiftly on orders issued by the Delhi High Court earlier this week, the Municipal Corporation of Delhi on Friday announced intensification of its ongoing demolition drive against unauthorised constructions across the Capital from this Saturday.

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The e-mail containing the hoax bomb threat to Parliament has been linked to three youths from Melapalayam village in the Tirunelveli district of Tamil Nadu.

The e-mail was sent to the US consulate in Chennai on Friday from a cybercafé in the Palayamkottai region of Tirunelveli, about 700 km south of Chennai, police said.

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Indian skipper Rahul Dravid is down with gastroenteritis and is a doubtful starter for the third cricket Test against Sri Lanka starting here on Sunday.

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Visakhapatnam Steel Plant (VSP) has bagged the “National Energy Conservation Award” for the fifth consecutive year. The award is instituted by the ministry of power.

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Coastal Tamil Nadu and Pondicherry are likely to experience widespread rainfall in the next 48 hours with Friday's depression over Southwest Bay laying centred about 600 km east southeast off Nagapattinam at 8.30 am on Saturday.

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Sourav Ganguly was supposed to be in the Indian cricket team for the Ahmedabad Test. It was to be the final opportunity for him to either prove himself or make a graceful exit. This is what was planned in a chat the selectors had on the eve of their formal meeting on Wednesday.

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Bajaj Auto Finance will issue securities to the company’s promoters Bajaj Auto and other independent investors. The company will issue 10 lakh fully paid equity shares of face value of Rs 10 on a preferential basis to Bajaj Auto at Rs 410 per share. 
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The $9 billion global advertising giant WPP and its media buying wing, Group M India (formerly WPP India), launched their data analytics knowledge process outsourcing (KPO) entity, Meritus, today. V Balasubramanium will head the outfit.

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With the European Union and the United States closing ranks on pushing for a Swiss formula with two co-efficients for reduction in industrial tariffs, India today said it would not agree to any proposal unless the flexibilities offering less than formula reduction or not reducing tariff on certain lines were included.

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Bollywood superstar Amitabh Bachchan will be discharged on Saturday morning,  who was admitted on November 28 to Lilavati Hospital, underwent an operation for diverticulis on the small intestine. He has been declared fit by the doctors to go home, they said.

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Indian children in over 4,000 Indian towns would now be able to watch clips of Harry Potter, the Hollywood blockbuster that commands huge fan following internationally.

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The Madhya Pradesh government will shortly set up a medical university and enhance budgetary support to improve the functioning of the medical colleges, Chief Minister Shivraj Singh Chouhan said.

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Prime Minister Manmohan Singh tonight ordered the release of additional Rs 500 crore as relief to Tamil Nadu to undertake relief and rehabilitation measures in the flood affected areas of the State.

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The CBI has registered a preliminary enquiry against former union minister Maneka Gandhi.According to the investigating agency, Maneka sanctioned public funds for a trust headed by her sister.

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Vedanta Resources Plc is setting up a $2.1-billion (over Rs 9,500 crore) greenfield aluminium smelter with a capacity of 5 lakh tonnes per annum (tpa) in Jharsuguda, Orissa.

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The benchmark BSE Sensex ended the week at an all-time high of 9,284.46 points. The index gained 114.06 points during the day. The S&P CNX Nifty closed 31.60 points higher at 2810.15.

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The Maharashtra government has decided to go ahead with the proposal to build a flyover at Peddar Road in south Mumbai once it gets the approval of experts from IIT Mumbai.

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The death toll in cold wave across north India has mounted to 29 and the fog over the region is beginning to get thick.

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