India News

The Kerala High Court today directed the CPI(M) and its youth wing - Democratic Youth Federation of India (DYFI) - to pay a compensation of Rs 10,500 to a man who suffered loss when his textile shop was damaged during a strike called by the organisation.

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Air Deccan today announced introduction of an additional daily flight in the Bangalore-Mumbai sector with effect from February eight with a promotional offer of 50 per cent of the seats priced below Rs 1,500 till February 14.

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MUMBAI: Paris-based skincare and cosmetics player Clarins said it plans to expand its presence in India by having outlets in each city within the next one year.

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NEW DELHI: Passenger car sales are not that robust as they approach the fag end of the current fiscal. Market leader Maruti managed single digit growth at 7per cent and stood at 48,526 units in January ’06 as against 45,300 units for the same month last year.

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KOLKATA: The metro-centric nature of the Indian contemporary art scenario may soon be changing. Art is now being lapped up by affluent small-towners and smaller city buyers across various regions in India. This trend, which has been picking up for the past 3-4 years, is becoming more frequent now.

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PUNE: Mumbaikars using cell phones can look forward to even more competitive tariffs as service providers slug it out. Idea Cellular will finally enter the Mumbai market on its own and is set to offer “disruptive pricing” based on a “churn strategy”.

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SAN FRANCISCO: A destructive worm posing as a pornographic email may already have infected hundreds of thousands of computers and could erase many files tomorrow, security experts have warned.

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NEW DELHI: The Constitution amendment to provide reservation for socially and educationally backward classes, besides the Scheduled Castes and the Scheduled Tribes, in private unaided institutions — other than those run by the minorities — has secured Presidential assent. With this, the amendment, passed by Parliament, has become an Act.

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NEW DELHI: Encounter specialist Daya Nayak has been arrested by Anti Corruption Bureau on Thursday afternoon, according to a TV news channel.

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PATNA: Fondly reminiscing the "sweet" memory of arresting "political bigfish" and BJP stalwart L K Advani during his Ram Rath Yatra in the early 1990s, former Chief Ministers Lalu Prasad Yadav and his wife Rabri Devi on Thursday wound up from the sprawling 1, Anne Marg residence, a symbol of power in Bihar.

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NEW DELHI: A Special Bench of the Delhi High Court on Thursday refused to stay the ongoing demolition drive of unauthorised constructions at the 1, MG Road in a 'Lal Dora' area in the capital, which is the hub for several major garment showrooms.

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India's state-owned ONGC Videsh Ltd. energy company has obtained approval to pay $485 million for Nigerian exploration rights.

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India Infoline Ltd is all set to consolidate its Gujarat market operations by tapping commodity trading potential of the state. 
 
India Infoline is planning to set up network of branches in the state, which will be focussed on commodity as well as equity market operations of the company. 

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The Sensex has slipped into negative zone and is now down 40 points at 9820. Cipla continues to trade with a solid gain of 9% at Rs 482.HLL has gained 2.8% at Rs 197, and BHEL is up 2.3% at Rs 1,835.Bharti at Rs 357, Ranbaxy at Rs 391 and Tata Steel at Rs 404 are the other significant gainers.

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The Sessions Court here today will announce judgment on the anticipatory bail plea of suspended police Sub-Inspector Daya Nayak in connection with possession of assets disproportionate to his known sources of income.

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Taking advantage of the Rajasthan Government’s decision to allow private universities in the state, the RSS has decided to set up its first varsity in the country on the outskirts of Jaipur.

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Shah Alam, an associate of gangster Abu Salem, was arrested by Mumbai police on Thursday in connection with the Ajit Dewani murder case.

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Congress president Sonia Gandhi is a "source of strength, not a source of weakness for me" Prime Minister Manmohan Singh said here on Wednesday. He made it clear that she had a "legitimate influence" on government functioning.

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The scene at the Mumbai airport turned ugly on Wednesday as protesting employees of The Airport Authority of India (AAI) were subjected to cane treatment by the Mumbai police and the CISF jawans when they tried to forcibly enter the airport premises, through the main entrance.

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Nagpur-based Jagdamba Realtors has decided to construct a ‘Lake City’ with 10,000 dwelling units on the outskirts of the city. The project has an outlay of Rs 2,000 crore.The project will come up near the proposed Sahara City.

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The country’s major banks like ICICI Bank, SBI and Bank of Baroda are likely to follow HDFC Ltd in hiking the home loan rates by half a percentage point soon. HDFC Ltd increased its home loan rate from February 1 to 8.25% from 7.75%.

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Indian drug maker Cipla Ltd said on Thursday its board would meet on February 11 to consider issue of bonus shares and raising the cap on foreign investment limit.

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Anil Ambani's Reliance has filed a petition in the Delhi High Court challenging the government's decision to downgrade them on eligibility criteria for modernisation of airport in Delhi.

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Former Bihar Governor Buta Singh has been asked to clear his outstanding bills of about Rs 3.5 lakh.

He was illegally occupying a government bungalow in Delhi. The house was vacated on December 31 only after many eviction notices.

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In the past two years, the BPO sector has registered more than 50% growth year-on-year. The fast growth and entry of new players have resulted in poaching of employees in high numbers because the available talent pool doesn’t satisfy the demand of the industry.

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India and Brazil provide ample opportunities for expanding wireless phone services but cultivating those markets can be a challenge because of their huge population.

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In what will cheer up 3.6 million Central government employees, but will strain the exchequer, PM Manmohan Singh on Wednesday indicated the setting up of the sixth pay commission. He, however, did not indicate any timeframe.

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A moderate quake hit the Indo-China border area in Uttaranchal early this morning.
The quake, measuring 5.2 on the Richter Scale, occurred at 0354 hours, the met office said.

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President A P J Abdul Kalam today said some kind of federation between India and Pakistan looked a possibility in another 50 years.

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Mittal Steel Co.'s Chief Executive Lakshmi Mittal has said that his company will not accept less than a 50.1 percent stake in a merged Mittal-Arcelor company.He added that $22.5 billion bid would not lead to job cuts. 

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Prime Minister Manmohan Singh today outlined the need to carry out reforms in power sector, increase credit to farm sector and cut government's fiscal deficit.

"The economy has recorded 7-7.5 per cent growth in the last three years and we are inching towards 8-10 per cent," he told a press conference in New Delhi.

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The Indian Airforce (IAF) is planning to set up an Aero space group, Air Marshal D N Ganesh said.Talking to newspersons here yesterday, Air Marshal Ganesh, presently in Pondicherry in connection with the ongoing recruitment to airforce said a concept document would be ready in another one year.

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Pakistan's series win over India has pushed India from second to third spot in the ICC test rankings.

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The Maharashtra Government has renewed its demand for setting up an Indian Institute of Management (IIM) in Mumbai.

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Prime Minister Manmohan Singh and National Advisory Council chairperson Sonia Gandhi will launch the National Rural Employment Guarantee Scheme (NREGS) on Friday.

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The strike by over 22,000 employees of the Airports Authority of India (AAI) has now entered its second day.While flights to and from Mumbai remain affected, morning flights in Kolkata are on schedule, according to reports coming in.

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