India News

Government on Wednesday announced a major package for doubling bank credit to small and medium sized companies to Rs 1,35,000 crore in 5 years and reducing their debt burden.

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The first quarter of the current fiscal witnessed a mobilisation through debt (bonds) on private placement basis of Rs 11979 crore, mobilised by 34 institutions and corporates. This has been reported by PRIME which operates the country's premier and only database on debt private placements.

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In their continuing spree of violence in the run up to Independence Day, ULFA militants exploded a bomb on railway tracks in Nalbari district of Assam on Wednesday.
 

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 As a part of enhancing security management system of Taj Mahal, closed circuit TV cameras would soon be installed to monitor the movements of visitors to the 17th century monument.

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Former Prime Minister Atal Bihari Vajpayee, BJP President L K Advani and senior leaders of the party having RSS background today attended a Guru Dakshina ceremony.

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Forget De Bono's six thinking hats, yoga and forget the new coach. What Team India needs is a full time shrink to pull things back. Even before India lose matches on the field, they lose it in their minds and this is happening with alarming regularity. 

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For those who had given up all hope of seeing F1 monsters burning rubber on Indian roads, rejoice! 'The fastest Indian in the World' Narain Karthikeyan is currently lobbying with the government and working on a project that would bring Formula 1 to India.

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The Indian government's plan to offer 100 days of employment a year to every rural household would increase the fiscal deficit sharply, push up interest rates and hurt the bond market if it became law, say analysts.

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His appointment to the country's highest executive post had held out hope for all Indians. Now, the man himself seems to be losing hope. Finding himself cornered on virtually every major issue, a despairing Prime Minister Manmohan Singh has, in the recent past, expressed a deep sense of disappointment over the state of affairs.

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History was made in the Lok Sabha on Wednesday when its Speaker Somnath Chatterjee agreed to suspend Question Hour to facilitate a debate on the controversial contents of the recently tabled Nanavati Report that looked into the factors that led to the anti-Sikh riots of 1984.

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Caught between a government curfew and another clamped by two women’s organisations, Shillong shut down completely and an uneasy calm descended on the city after two nights of violence.

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Vice-Chancellors of 55 South Indian Universities will converge at Infosys Campus here from today for a three-day conference to deliberate on problems faced by the Universities in higher education. The meet will primarily focus on the theme 'Higher Education under WTO: Challenges and Opportunities'.

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Union minister Jagdish Tytler is likely to quit after the GT Nanavati Commission has indicted him for instigating the 1984 anti-Sikh riots that followed then Prime Minister Indira Gandhi's assassination by her Sikh bodyguards.

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Four oil marketing companies posted net loss of Rs 1,227cr in Q1FY06.With state-owned oil companies collectively incurring losses to the tune of Rs 140 crore a day, the petroleum ministry fears they can start turning sick from the next month unless the prices of petroleum products are raised immediately. 

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Ford India today announced the appointment of V Sivaramakrishnan as vice-president (marketing, sales and service).He takes over from Vinay Piparsania who is moving to Thailand to take up an international assignment with the Ford operations in the region, according to an official statement issued today.

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The board of directors of Munjal Auto Industries, which met today, approved a proposal to demerge the Binola unit of the company at Gurgaon, Haryana into a seperate company.

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The $2 billion UB group, which recently acquired Shaw Wallace, is planning to bring its liquor business under one single entity - United Spirits - and list it by March 2006, group chairman Vijay Mallya said today.

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Cisco Systems on Wednesday said it had won a $ 2 million deal from Symphony Services for deploying a Cisco-powered network with integrated firewall and security modules as well as IP telephony technologies for its global operating centre in Bangalore.

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Sundaram Mutual Fund is in the process of expanding its distribution network in the Middle East as it foresees huge growth potential in the region.

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Vijaya Bank has planned to open four foreign offices, including a full fledged branch in Hong Kong while considering to raise about Rs 200-250 crore tier-II capital after December this year.

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India, which has proposed to extend the Iran-Pakistan-India gas pipeline to China has briefed Beijing on the latest position on the project as part of the new bilateral initiative to forge cooperation and coordination in the hydrocarbon sector.

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As Mumbai reeled under the floods, a few NRIs like Om Damani decided to roll up their sleeves and get down to helping those in desperate need.Thirty-three-year old Om returned to India six months back. A computer science professor at IIT Mumbai, Om is also part of AID India.

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Bill restricts the fee that could be charged from students to the location, land and building cost, available infrastructure, administration expense and the nature of the course offered by them.

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IBP, a subsidiary of Indian Oil Corp, will be the first company to turn sick by September 2005, followed by BPCL which will take just 13 months from now go to BIFR while HPCL would be sick in 20 months, Petroleum Secretary S C Tripathi wrote to the Cabinet Secretary B K Chaturvedi.

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Aamir, accompanied by British actor Toby Stephens and director Ketan Mehta, interacted with the media at a press conference that was also broadcast live by the national Indian radio service Lotus FM.

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EC Advisor K J Rao expressed his unhappiness over the matter in view of the next assembly polls in October-November 2005.

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Tata Motors would go into tooling for the car, which would be launched in 2007-08, Tata Sons chairman Ratan Tata said on Tuesday.

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As of now we are fixing and adjusting the position once a day through the liquidity adjustment facility but we can do it even twice or thrice a day if needed, if the market demands.

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The song can be instantly selected and played by filling in the parameters even while the announcer chats with the listeners, Kangan Arora said.

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Twenty-year-old Mohiuddin claims the Ticket Examiner pushed him out of the running Konark Express just because he got into the reserved compartment instead of the general.

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While the police have dismissed it as a case of suicide, Colonel Gill's wife suspects he was murdered.

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The discussion came as the Shiromani Akali Dal launched a blistering attack on the Congress-led UPA government accusing it of failing to take any action against those indicted by the Commission.

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The TDP is hard pressed to pursue the minority stand because the Congress government has already given five per cent reservations to Muslims in educational institutions and government jobs under the backward class quota.

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For home plan, BSNL has reduced tariffs to Rs 250 a month from Rs 500, while one-time charges have been slashed to Rs 1,200 as against Rs 2,000, the company said in a statement.

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The 28-year-old athlete, who won bronze in the same event in the previous World Championship in 2003, gave her best jump of the year with a leap of 6.54 metres in her first attempt Tuesday.

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Some 300 freedom fighters from across India and their attendants came to meet Kalam at Rashtrapati Bhavan in the function attended by Prime Minister Manmohan Singh, Congress president Sonia Gandhi, Home Minister Shivraj Patil and former prime minister I.K. Gujral, among others.

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We have decided to disrupt proceedings in both Houses and vociferously demand the resignation of the Prime Minister for trying to brush under the carpet the findings of the Commission by approving the Action Taken Report and that of Tytler for his indictment by the commission, BJP parliamentary party spokesman Vijay Kumar Malhotra told PTI.

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The Sainiks were arrested while they were on way to the Nehru Park where they wanted to perform ‘Gyanvapi Mukti Yagna’, circle officer Amrendra Pratap Singh told PTI here.

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The BSE Benchmark 30-share Index opened up at 7615.90 as against Tuesday's close of 7595.57 and later rallied smartly to a high of 7681.14 before being quoted at 7674.25 at 10.30 am, up by 78.68 points.

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Rao who arrived in Patna on Tuesday to review the state's preparedness to hold election tentatively scheduled for October this year held meeting with the state electoral officer N. K. Sinha. Deputy Election Commissioner Anand Kumar is expected to join him on Wednesday.

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Projecting himself as a "victim of misperception," he also claimed that not a single person affected by the violence had filed an FIR against him in the last 21 years.

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This is after 17-year-old Manisha was critically injured by robbers as she interrupted their mission of a blissful robbery at her home in the middle of the afternoon.

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Their charge is that the BJP has been printing the lotus symbol in textbooks for Class VI students in the state.

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Mirza lost 3-6, 6-1, 4-6 to Iveta Benesova of the Czech Republic.Benesova is ranked three places below Sania at 51.

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A new captain in Rahul Dravid and a new coach in Greg Chappell made no difference to India's fortunes as the side slumped once more in the final of a major tournament.

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The residents of the slum had no shelter, no aid and nearly 3000 families were homeless.

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Congress MP Sajjan Kumar and the then police commissioner SC Tandon are also likely to face inquiry.

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