India News

Shutdowns, barricades, problems related to land acquisition, civil works contracts and internal administration were hindering operations of public sector oil major ONGC in Assam, its chairman and managing director Subir Raha said.

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Maharashtra Chief Minister Vilasrao Deshmukh today suspended an executive engineer and a deputy engineer of the Maharashtra Housing and Area Development Authority (MHADA) Repairs Board for dereliction of duty following yesterday's building collapse at Nagpada which claimed 11 lives.

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Chief Election Commissioner B B Tandon arrived in Patna on Wednesday to review the preparations being made for holding the Assembly elections in the state in October-November this year.

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Anil Ambani is hitting the road, literally, to success. After pitching for airports, a mass rapid transport system and a sea-link project, Reliance Energy, and its associate companies, have submitted bids for the National Highways Development Programme in five stretches of Tamil Nadu and one in UP.

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HCL Technologies Ltd, a leading Indian software company, said Wednesday it would set up a dedicated design centre for a US-based firm that is one of the largest makers of aerospace and industrial products.

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Two-wheeler major LML Ltd on Tuesday said it has allotted 97,906 equity shares upon conversion of 100 Foreign Currency Convertible Bonds to Singapore-based Credit Suisse First Boston Ltd.

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The police officer behind 'Operation Cocoon' has indicated that motivation led to the success of the hunt for smuggler Veerapan. In the dramatic operation, Veerapan was shot dead in a forest in Tamil Nadu, which ended decades on the run.

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National long distance (NLD) prices are set to drop by at least 10%, as the Department of Telecommunications (DoT) has issued a policy directive to the Telecom Regulatory Authority of India,(Trai) .

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The government will ensure that public sector oil firms stick to their investment targets despite incurring huge losses on fuel sale, Petroleum Minister Mani Shankar Aiyar said on Wednesday.

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Describing its extent of growth in the country so far as not satisfactory, Toyota Motor Corp today said it was impossible to attain a substantial presence without a compact car in its stable.

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AXA, the Paris-based insurance firm, today inked a deal with Bharti Enterprises to launch Bharti Axa Life Insurance Company.The AXA group, which manages assets worth €827 billion worldwide, will hold 26% stake in the proposed company .

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"Initially, Hero Honda would produce relatively low volumes with the price point below Rs 40,000," Atul Sobti, executive director (busines operations) of Hero Honda, said today.

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A Central law should be enacted to protect reservation to backward classes, most backward classes and dalits, as enshrined under the constitution, Tamil Nadu Chief Minister Jayalalithaa said today.

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The country's indigenous Air Early Warning and Control (AEW &C) would be ready for user trial in 78 months, according to Defence Minister Pranab Mukherjee."The time frame for completion of development activities and commencement of user trials is 78 months".

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The BJP-led NDA Opposition today suggested that political parties should earmark 33 per cent of the tickets for women in a bid to resolve the impasse over the Women's Reservation Bill.

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India's cricket selectors want Sachin Tendulkar so badly that they will go to any length to have the master batsman back at the crease. The five selectors, headed by former Test stumper Kiran More.

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More than 40,000 taxis of the metropolis are on a one-day strike on Wednesday protesting against state government's alleged failure to provide minimum security to taxi drivers, police said here.

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A Hizbul Mujahideen militant was killed during a gunbattle with security forces in Pulwama district, official sources on Wednesday said. The militant Gulzar Ahmad was killed by Rashtriya Rifle troops during search operations at village Wasoora in Pulwama in south Kashmir on Tuesday .

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Fresh tension gripped villages along Indo-Bangla international border in Malda district of West Bengal as Bangladesh undertook embankment repairing work within 150 yards of zero line, official sources said.

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Asserting that there was no infiltration into Jammu and Kashmir from the Pakistani side, President Pervez Musharraf has said he would take up the Indian charge in this regard with Prime Minister Manmohan Singh during their meeting in New York in September.

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Panaji Aug 23: After nearly four days of extensive search and combing operation by the navy and army, the naval marine commandos rescued one survivor this afternoon and recovered four bodies from the dense forest about 55 km north of Dabolim airport.

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Gujarat Ambuja Cements, India's fourth-biggest cement maker, plans to borrow 100 million dollar to refinance debt, cutting borrowing cost by more than half, a company official said

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India's second largest aluminium producer, National Aluminium Co Ltd, plans to set up a 250,000 to 300,000 tonne aluminium smelter in a Gulf country by 2009-10, the firm's chairman said on Wednesday.

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The Delhi High Court will examine charges today against a police officer accused of using threats to fix land deals.The case against Assistant Commissioner of Police Rajbir Singh was brought by the residents of Mansarovar Garden in Delhi.

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Mudit Jain, the 11-year-old son of a businessman who was abducted on August 15 from Bihar's Purnea district, was rescued safely today. A police team, headed by Purnea Superintendent of Police Sudhanshu Kumar, raided a house in Drivertola locality of Katihar town around 3 am (IST).

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One person is reported to have died of dengue in Kolkata while it is suspected to have caused five other deaths in the last one week.At least three other suspected dengue deaths have been reported from the districts of West Bengal.

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Textile company Sybly Industries has bagged orders worth Rs 15 crore for its dyed and grey polyster and PV yarn this year, which is double of last year's orders. This was announced in a release issued by the company to the BSE today.

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A police officer and two labourers were injured when militants lobbed a grenade towards a police party in the outskirts of Srinagar this morning, police said.

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Reliance Industries Ltd, India's largest private sector company, will visit the Indian Institute of Management-Ahmedabad, the country' top business school, for the first time this year to meet its growing requirement of trained manpower.

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Plans to invest around Rs 45,000-55,000 crore in two phases spread over nine years.Tata Steel has decided to set up a second plant in Jharkhand, entailing an investment of Rs 45,000-55,000 crore in two phases spread over nine years. 

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LJP leader Ramvilas Paswan's obduracy on having no truck with his party notwithstanding, RJD supremo Lalu Prasad on Tuesday renewed his appeal to all UPA allies to put up a united show in the upcoming Bihar Assembly polls.

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A powerful India, a proven New Zealand and a topsy-turvy Zimbabwe begin a triangular one-day international series with two matches here and five more in Harare over the next two weeks. After the three countries meet each other twice, a sequence providing six matches in all, the final will be held in the capital Harare on September 6.

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An application seeking a restraint order against Deepa Mehta's decision to screen her latest flick Water in next month's Toronto International film festival, was moved before the Delhi High Court on Tuesday.

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A team of Criminal Investigation Department officials has rushed to Delhi to take custody of Lashkar-e-Tayiba militant and mastermind behind the bomb blast that occurred at the Sai Baba temple at Saroornagar in Hyderabad three years ago.

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TO crack down on a hawala ring, the Jammu Police have asked its counterparts in Srinagar to arrest three accused whose names have surfaced in the inter-state racket busted here on Monday.

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Security has been beefed up in Bihar as the statewide dawn-to-dusk bandh called by Left parties demanding recall of Governor Buta Singh evoked a mixed response in the early hours today.

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Domestic mutual funds are likely to be a separate category for the book-building process in primary offerings. A final decision on this will be taken at the Securities and Exchange Board of India’s board meeting on Friday.

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Growth in the infrastructure sector has dipped sharply to 0.5 per cent in July 2005, down from 11.1 per cent in July 2004. The low growth follows 10.4 per cent growth for June 2005. The dip in performance is on account of all sectors reporting lower growth than in July 2004. 

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Barely six months after joining the unit-linked insurance product (ULIP) bandwagon, insurance behemoth Life Insurance Corporation of India (LIC) finds itself veering away from ULIPs towards more conventional products.

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 Banks have been reducing their investment in non-statutory liquidity ratio (SLR) portfolio and diverting funds to expand the lending basket. Bank officials and analysts attribute the trend to hardening of interest rates and banks’ current focus on core activities. 

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Essar Steel may have to start buying iron ore fines on spot rates from National Mineral Development Corporation (NMDC) from 2005-06 until the company starts lifting ore fines and slimes through the slurry pipeline.

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Indo Rama’s plan to enter the retail industry appears to have suffered a jolt with group company, Indo Rama Retail Holding, withdrawing its application to the Foreign Investment Promotion Board (FIPB) for approval of its proposed tie-up with Office 1 Superstore. 

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State run Indian Oil Corp said on Wednesday it planned to borrow $200 million between December and January. "Depending on the situation, we will go for $200 million loan for working capital needs," S.V. Narasimhan.

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Coming down heavily on people masquerading as freedom fighters, the supreme court has said that those falsely claiming to have participated in the independence struggle should be dealt with sternly as they were “traitors’’ causing disrespect to the entire nation.

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Five Left parties, with the exception of the CPI(M), have called a bandh in Bihar today demanding the removal of Governor Buta Singh.The parties also want action against controversial RJD MP from Siwan, Mohd Shahabuddin.

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The encephalitis outbreak in Uttar Pradesh is showing no signs of receding, with cases now being reported from districts which were earlier unaffected by the virus. So far, 160 children in the state have died of the disease, and several more are battling for their lives in hospitals.

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A week after his tenuous patch-up with cousin Uddhav Thackeray, Sena leader Raj Thackeray held a meeting in rebel leader Narayan Rane's stronghold Chembur.

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Election Commission's Special Observer K J Rao has spotted several irregularities in the Bihar voters' lists.Rao is visiting Bihar ahead of assembly elections in the state.

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Former Gujarat chief minister and Narendra Modi baiter Keshubhai Patel is in the capital again, and is likely to meet BJP president LK Advani.Patel has been demanding that Modi be removed from the post of Gujarat Chief Minister.

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As the dust settled a day after the Mumbai building collapsed, focus has shifted to the survivors as neighbours battled fears of more buildings falling apart. At-least 11 people died and scores of others were injured when Sadaf Manzil collapsed in the wee hours of Tuesday morning.

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The call for granting clemency to Sarabjit Singh, who has been sentenced to death in Pakistan, is getting louder.Prime Minister Manmohan Singh is likely to speak to Pakistan President Parvez Musharraf to ask for a pardon for Sarabjit, who is accused of being an Indian spy.

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