India News

Microsoft India and the Tamil Nadu government on Monday signed an MoU, under which the former will help set up an 'Information Technology academy' in the city to provide comprehensive training programme to nearly 20,000 teachers in the state for a period of five years.

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The Central Bureau of Investigation (CBI) is awaiting a forensic report on video footage shot by reporters of the now defunct Tehelka website before filing formal charges in the court against 10 accused in an arms scandal.

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riental Bank of Commerce (OBC) has filed 30 FIRs against Global Trust Bank (GTB) defaulters to recover Rs 1,300 crore."Of the 30 FIRs, Central Bureau of Investigation has registered 10 cases," K N Prithviraj, chairman and managing director of OBC, said after inaugurating a retail outlet of the bank in West Delhi today.

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Japan-based Pegasus Sewing Machines Pvt Ltd is expecting a 30 per cent growth in sales in India to achieve a turnover of Rs 130 crore by this fiscal end. The company hopes to sell 20,000 machines in this fiscal to achieve its revenue target.

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On the eve of the completion of 10 years of mobile telephony in India, Airtel, India’s leading mobile service provider on Monday declared launch of a special programme called the ‘Future Factory’ - Centres of Innovation to incubate pioneering mobile applications.

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India can attain a higher GDP growth of 7-8 per cent annually to become third largest economy after US and China by 2020, if reforms are pursued more aggressively, according to Deutsche Bank chief economist Norbert Walter.

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BJP vice-president Venkaiah Naidu on Monday accused the Congress and Left parties of pursuing the ‘worst kind’ of opportunistic politics in Kerala. There was a sort of LDF-UDF collusion to hush up major corruption cases that shook the state over the years, Naidu said leading a party seige of the state secretariat.

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Quoting a recent media survey on states, former Chhattisgarh Chief Minister Ajit Jogi today asked the BJP government to clarify how the state Chief Minister Raman Singh slipped down from No. 1 place to 17th in one year.

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Dispelling fears, Delhi Chief Minister Sheila Dikshit has ruled out privatisation of water distribution in the national capital.Let me make it clear that there will be no privatisation of water.

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The Indian selectors have been left eating humble pie by Zaheer Khan. The left-arm seamer who has been dropped from the Indian one-day squad was named the man-of-the-series in the recently concluded Afro-Asia Cup.

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The Central Vigilance Commissioner has recommended that former Uttar Pradesh Chief Minister Mayawati be prosecuted for alleged corruption in the Rs 175 crore Taj corridor case.

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The sales and profits of the top 500 companies in the first quarter ended June 2005 (on a sequential quarter-wise comparison) declined by 8.91 per cent and 26.75 per cent, respectively, compared with the preceding quarter of January-March.

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Finance, Commerce ministries want limit to go, I&B favours majority stake in Indian hands.The ministries of finance and commerce have suggested an increase in the limit on foreign investment in news broadcasting companies, now capped at 26 per cent. 

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Oriental Bank of Commerce, which had acquired Global Trust Bank last year, has filed 30 FIRs against GTB defaulters to recover Rs 1,300 crore of bad loans.

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Liquor maker, Radico Khaitan Limited on Monday said it will set up a wholly owned subsidiary abroad for making investment in the shares of the company.

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Privately-held Metro Tyres today said it has bid for acquisition of domestic tyre major Falcon Tyres, while stating it was "open to independent alternate production arrangement" in case it fails to wrest the company that is also being eyed by other big players.

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Life Insurance Corporation will flag off its 50th year celebrations next month, with the launch of an affordable 'Golden Jubilee policy' for the masses.

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In yet another attempt to forge consensus on the controversial women's reservation bill, Prime Minister Manmohan Singh has called a meeting of leaders of all parties today.

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India is about to become the host of yet another international tennis event after the Hyderabad Open and the Chennai Open.Kolkata will get its own piece of tennis action with the Sunfeast Open to be played from September 19-25.

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The family of an Indian whose death sentence for spying has been upheld in Pakistan pleaded Monday for his life, proclaiming his innocence and saying they will commit suicide if he is hanged.

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Asserting that normalcy in Jammu and Kashmir was "round the corner", outgoing General Officer Commanding-in-Chief (GOC-in-C) of Northern Command Lt Gen Hari Prasad on Sunday said declaring cease fire was a political decision and according to him time and situation were not ripe to declare break in fighting militancy, unilaterally.

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Having drawn flak for its recent fatwa over the participation of women in panchayat polls, the Darul Uloom Deoband has decided to impose a ban on issuing religious edicts on political matters.

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NDA MPs today gave notices for an adjournment motion in Parliament against Bihar Governor Buta Singh's letter to Railway Minister Lalu Prasad Yadav for the transfer of a railway officer.

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Sales and profits of the top 500 cos report a sequential drop of 8.9% and 26.7%, resp.The sales and profits of the top 500 companies in the first quarter ended June 2005 (on a sequential quarter-wise comparison) declined by 8.91 per cent and 26.75 per cent, respectively, compared with the preceding quarter of January-March. 

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Global aluminium giant Alcoa is planning to enter India by acquiring the Vedanta group's 45 per cent controlling stake in Kolkata-based India Foils.Pittsburgh-based Alcoa has a total revenue of $ 23.5 billion to which its packaging business contributes $3.2 billion.

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Air Deccan, the country’s low-cost airline, claims to be the first player in India to offer a facility where consumers can not only book air tickets from anywhere in the world, but also pay for them and reshedule their flights through SMSes. 

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Yet another Lever veteran is all set to take over as the head of a fast moving consumer goods company. Anand Kripalu, an HLL veteran, currently heading operations of an HLL subsidiary in Africa.

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Nagarjuna Construction Company Ltd on Monday said it has bagged Rs 414 crore orders from National Highway Authority of India (NHAI) and for rural electrification.

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Indian drug maker Dr. Reddy's Laboratories Ltd has received tentative approval for glimepiride tablets used to treat diabetes, the US Food and Drug Administration said on the weekend.

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The board of directors have approved the issue of equity shares on rights basis to the existing shareholders in the proportion of two right equity shares of Rs 10 each at a premium of Rs eight per share for every one equity share of Rs 10 held, subject to shareholders approval, the company informed the Bombay Stock Exchange.

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Malaysian police have arrested six Indians for allegedly possessing 20 kgs of party drug Ketamine, media reports said here on Monday.The six were arrested last on Thursday. The arrest comes close on the heels of the arrest of three Indian nationals along with 156 kg of Ketamine on August 6.

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Supplies of essentials to Manipur could once again be choked with a tribal Naga group threatening to resume an indefinite highway blockade in the state, forcing locals to go on a shopping binge.

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Three persons, including a village defence committee member, were on Monday shot dead by terrorists in Rajouri district of Jammu and Kashmir.

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The dance tracks rockin’ discotheques in the city all depict Abhishek Bachchan, the actor said to have two left-feet.As far as dancing goes, Abhishek Bachchan has come a long way from being the actor with two left feet.

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Sourav Ganguly embarks on a make-or-break tour of Zimbabwe on Monday hoping to end a frustrating run drought that threatens to end his reign as India's most successful captain

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BJP president L K Advani on Saturday went all out to award kudos to Chief Minister Narendra Modi enough to silence his critics. Speaking at an Auda function to formally dedicate the Vastrapur lake to the public.

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The IT city has hit a dead end: Real estate rates have spiralled seven times, government land is full and IT firms have no space to set up shop in Bangalore. Bangalore’s loss is being turned into Mysore and Mangalore’s gain.

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Proponents of Muslim personal law are taking a hard look at the Indian Arbitration Act as part of a determined bid to legalise the growing role of “Islamic courts’’ in settling matrimonial disputes

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The Arjuna Awards Committee has rejected all four recommendations of the cricket board for the annual sporting honours, reflecting the country’s disillusionment with the performance of the Men in Blue over the last one year.

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The Union home ministry is considering a proposal from IIT-Kanpur to set up an 'Internal Security Centre' (ISC) in the country on the pattern of US Department of Homeland Security to protect India from terror attacks.

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A 12-member Central team has begun its visit to the flood affected areas in Mumbai and Thane.The team assessed the damage caused by the floods to the Indian Airlines colony in Mumbai's suburb Kalina.

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A sessions court in Mumbai will hear today the bail plea of Salil Chaturvedi, owner of Provogue apparel brand held in a drugs case. It will also hear the bail plea of Vishal Meghnani, a former employee of Provogue.

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Five years after an international baby-selling racket was uncovered in Nalgonda district of Andhra Pradesh, nothing much seems to have changed on the ground. A baby girl sold this month for Rs 1,800 by her parents was recovered by the police from a home in Hyderabad.

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Spiritual leader Mata Amritanandamayi escaped an attack yesterday while she was singing bhajans at her ashram near Kollam in Kerala.While the attack was foiled, three of her disciples were injured in the incident.

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The Jinnah controversy is back and this time it's brought up by former prime minister Atal Bihari Vajpayee at a condolence meeting for RSS leader HV Sheshadari.

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In a major road mishap, six people were killed and three seriously injured early morning in the Capital today. The accident took place after a truck rammed into a pavement in the R K Puram area near the Hyatt Regency Hotel at around 3:20 am (IST), killing six sleeping slum dwellers.

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