India News

Bollywood actor Aamir Khan's latest venture "Rang De Basanti" is not being viewed kindly by the Indian Air Force (IAF), which is upset over scenes apparently showing the armed forces in poor light.

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E-LEARNING company Tata Interactive Systems, a division of Tata Industries, has acquired two companies in Europe - Tertial Edusoft AG in Switzerland and Tertia Edusoft GmbH in Germany.

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Shocked at the plight of a 77 year-old man, who languished as undertrial in a mental hospital in Assam for 54 years, the Supreme Court on Monday ordered payment of a Rs. 3-lakh compensation and also Rs. 1,000 a month to him until further orders.

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THE Foreign Investment Promotion Board (FIPB) has deferred a decision on allowing Bharti Tele-Ventures Ltd (BTVL) to merge all its companies and become the operating arm for the purpose of being governed .

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Trinamool Congress leader Mamata Banerjee and the Congress leadership in West Bengal will soon discuss the latter's invitation to her to lead a "secular" anti-Left alliance for the Assembly polls provided she dissociates herself from the National Democratic Alliance.

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CORPORATE India on Monday presented before the Union Finance Minister, Mr P. Chidambaram, a whole range of fiscal and technology related policy initiatives to stimulate industrial growth that encourages value addition and also create employment.

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Samajwadi Party general secretary and spokesman Amar Singh on Monday offered an apology to Prime Minister Manmohan Singh for his remarks that some people in the Prime Minister's Office (PMO) were also involved in the phone tapping case.

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UTI Mutual Fund launched a new equity oriented scheme 'UTI Leadership Equity Fund' which closes on January 30, 2006. The scheme will re-open for continuous purchase and redemption from February 28, UTI AMC Chief Marketing Manager K Madhav Kumar told newsmen here on Tuesday.

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Union Minister for Agriculture, Sharad Pawar, has assured full support and the required infrastructure at State and Central level to give an impetus to the growth of horticulture in the country.

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The Lok Ayukta has expressed shock over the alleged attempts by the office of Kerala Health Minister K K Ramachandran to "induce and threaten" persons who filed corruption charges against him. Bringing .

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The mid-corporate segment is where all banks are betting on raking it in. And State Bank of India (SBI) is stepping on the gas in this segment. At a 50% growth in advances to mid-corporates this year.

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Lok Sabha Speaker Somnath Chatterjee on Tuesday said he has convened an all-party meeting in Delhi on January 20, 2006 to discuss the situation arising out of Delhi High Court notice to Rajya Sabha.

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WITH the end of the current financial year just three months away, the Municipal Corporation of Delhi’s (MCD) property tax department is scrambling to meet its target of Rs 1,375 crore from house tax.

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Bank of Baroda, which will celebrate its centenary in the next two years, is planning to enter into new lines of business such as life insurance and stock broking, as part of its business strategy, a top executive of the bank said here today.

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Two-wheeler manufacturer Kinetic Motors on Tuesday sold an 11.1 per cent stake to Taiwan-based Sanyang Industry Company Ltd (SYM) for Rs 13.63 crore. The company has also entered into a technical collaboration with SYM for technology and manufact uring of their models in India.

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Mahindra & Mahindra Financial Services Ltd, the non-banking finance arm of Mahindra & Mahindra Ltd, has proposed to enter the capital market with a public issue of two crore equity shares of Rs 10 each, at a price to be decided through book-building process.

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Robert Bosch India Limited is scouting for a second location outside Karnataka to set up a new development centre as part of its 'derisking strategy,' and has plans to double the headcount to 6,000 by 2010, a senior company executives said today.

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 HDFC Bank Ltd., India's second-largest private sector lender, posted on Tuesday a 32 percent rise in quarterly earnings, marginally above expectations on strong interest income and higher fees.

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 The legions of cricket fans in India will not be able to watch arguably the most bitter duel for supremacy in the world because Prasar Bharti is unwilling to cough up a sum of money.

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Union Rural Development Minister Raghuvansh Prasad Singh, has expressed shock over levying of 12 per cent interest by banks in Kerala for extending loans to Self Help Groups (SHGs) and people Below the Poverty Line (BPL).

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Mercury dipped further in Bihar today and state capital Patna recorded a temperature of four degrees Celsius, the lowest this winter forcing the authorities to order closure of all schools in the city.

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Maharashtra Governor S M Krishna has returned the state government's ordinance stalling the controversial Ulhasnagar demolitions. Krishna said that the ordinance amounts to contempt of court as the matter was still .

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The Centre has agreed to a CBI investigation into a massive transport reimbursement scandal involving the Food Corporation of India in Arunachal Pradesh. The fraud had first been exposed by The Indian Express last year.

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Over 100 hand grenades were found in the Golden Temple complex during Kar Seva on Tuesday, according to a TV news channel. The building from where the grenades were recovered is about 50 metres from the Golden Temple. It is one of the buildings in the SGPC (Shiromani Gurudwara Prabandhak Committee) complex.

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The Government on Tuesday said that it would completely exit Maruti Udyog Limited. "We have offered to the Finance Ministry that it can sell 10.24 per cent stake in Maruti that will be left (after the current round of .

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Bihar Police claims to have made a major breakthrough in the abduction of a businessman's son, kidnapped five days ago, but refused to divulge any details about it.

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Reliance Infocomm has extended its lifetime incoming and One India scheme to fixed wireless phones (FWPs). Under the One India scheme, the tariff for calls to made to any phone in India will be Re 1 per minute, and those to Reliance phones within the same circle is Rs 0.40.

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The Centre’s package for co-operative sugar mills in Maharashtra has caused heartburn and unease in the Congress. Congress General Secretary Margaret Alva was learnt to have complained to party .

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Barely two months after a gruesome attack made his hands useless, Vijay Menon plans to run the Mumbai Marathon this weekend.Vijay, who works as a wholesaler, was returning home more than a month ago .

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The Central Board of Direct Taxes (CBDT) today clarified that it had not issued any instructions to the assessing officer dealing with Amitabh Bachchan’s case for recovery of tax arrears.

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Helicopters may now be used for cleaning of the power line insulators on which pollutants deposit. A committee with members from the Central Electricity Authority, the Power Grid Corporation of India Limited .

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With North Block ready to settle down for the budget-making exercise in right earnest after the pre-budget consultations this week, Expenditure Secretary Adarsh Kishore is being elevated as Finance Secretary for better coordination within the Ministry.

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Non Resident Indians (NRIs) based in the Gulf had a plethora of problems to narrate but unfortunately none to listen and redress them, at the Pravasi Bharatiya Divas being held here on Monday.

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 Former Kerala Chief Minister K Karunakaran has kicked off a campaign to oust the Congress-led government in the state.The Karunakaran factor, which used to affect the Congress party in Kerala until he broke off .

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Over 75 per cent of the 95 lakh annual deaths in India occur at home, and a majority of these do not have a certified cause. Recognising the need for better data, the government has undertaken the world's largest study to track the causes of death in the country.

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The government of Delhi is determined to collect property tax from a long list of defaulters - among them are state-run departments which owe crores of rupees. The Delhi Metro Rail Corporation (DMRC), which owes Rs 400 crore in property taxes, says it is entitled to a free ride.

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Police in Uttar Pradesh have launched a manhunt to nab thieves who stole a golden statue of Lord Buddha and a silver urn from a stupa in northern Sarnath.Police suspect the theft to be an inside job, which took place on Sunday night.

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It was a rare joyous moment for Dalits of a Bihar village near Bodh Gaya when an Australian girl married a young Indian man in traditional Hindu style. Areen, clad in traditional finery, married Sanjay Manjhi Sunday amid much fanfare at a temple in New Taradih village.

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People in north India continue to brave the cold weather, as temperatures remain five to six degrees below normal.The Met Department has said the harsh chill is the result of a western disturbance over Jammu and Kashmir, which also causes heavy snowfall in the higher reaches.

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It would appear that every politician is on tap. While Samajwadi Party leader Amar Singh took his phone-tapping allegations to Supreme Court on Monday, seeking a judicial probe, Leader of Opposition L K Advani .

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