India News

SCOTTSDALE, Feb 4: It was Daniel Chopra's turn to go on a birdie spree as the Indo-Swede registered a card of six-under 65 and rose up to tied 30th after the second round at the FBR Open golf on the USPGA Tour on Friday.

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Sourav Ganguly is banking on his impressive track record to force his way back into the one-day squad and envisages a role for himself in India's 2007 World Cup campaign.
 
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KOLKATA: In a new twist to the ongoing dispute over the ownership of the property of late M. P. Birla, the Birla camp on Friday demanded resignation of Rajendra Singh Lodha in wake of the judgement delivered by the Supreme Court.

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As many as 80,000 computer systems in India and about a million across the world have been estimated to have been hit on Friday by the mass mailing worm Nymex that wrecks computers using the Windows operating system.

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The airport employees’ strike will be called off and full normalcy restored in the next few hours, said Civil Aviation Minister Praful Patel on Saturday, after talks with strike leaders.

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The special court hearing the Ayodhya demolition cases against senior BJP and VHP leaders including L K Advani, on Saturday fixed February 14 as the date for the next hearing and directed the CBI to provide defence counsels a list of its witnesses.

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Rubber prices zoom, production estimated to have declined 10%. 
 
In less than a week after Indian tyre manufacturers announced a price hike, the industry is getting ready for another round of increase, possibly in the next couple of months. 

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Prime Minister Manmohan Singh has said that improving power generation, transmission and electricity distribution is a national priority.

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A body of an IIT Delhi student was found by Gwalior police on Thursday. Ravi, a first year student, was found lying on the railway tracks with his mobile phone and an empty purse.

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Having learnt the lesson the hard way in the Karachi Test, India have decided to limit their experiments in the one-day cricket series against Pakistan starting next week.

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Sensex Story ---- The bears may have arrived late on Wednesday and Thursday, but on Friday they appeared to have formed a queue well before the bourses opened up for trading. They proved so relentless and consistent in hammering down blue chip stocks that the indices could never really wriggle out of trouble. Weak global markets offset a positive data from SEBI that revealed an inflow of over Rs 500 crore from FIIs on Wednesday. With the reporting season having come to an end, there were no significant positive inflow of news except for a few company specific stories. 
 

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The Ministry of Home Affairs has barred 8,673 voluntary organisations from seeking foreign funds under the Foreign Contribution and Regulation Act (FCRA).

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In a bid to make statutory filing paperless and incorporation of a company with a click of a button, the Ministry of Company Affairs is all set to implement its initiative of computerisation of Registrar of Companies (RoC) and Regional Directorates (RDs).

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Adding a new dimension to the demolition drive in the Capital, the Delhi High Court on Friday issued notice to the Delhi Development Authority (DDA), which sought the authority to display a list of erring properties situated under development area on its website.
 
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The who's who of the fashion industry, who once owned outlets at the unauthorised MG-I and MG-2, on Friday, blamed the media for the demolitions conducted by the Municipal Corporation of Delhi (MCD). Budding fashion designers associated with well-known labels, agitated for two hours saying the media was responsible for the fate of MG-I and MG-2, without realising what role the media has played in making their labels.

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In order to curb rising crime against senior citizens and to ensure them full safety, Delhi police set up a Senior Citizen Cell in 2004 with much fan fare. But there is a sizeable population of senior citizens in Delhi, which is still unaware of any such cell.

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Bollywood yesteryear actor Sashi Kapoor was admitted to Breach Candy Hospital in South Mumbai and is being treated for high blood pressure.dmitted in hospital.

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Finally, BJP’s lotus bloomed in Karnataka with the help of the bloodless coup by JD(S) supremo HD Deve Gowda’s son HD Kumaraswamy.

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Jet Airways is planning to raise $800 million by issuing global depository receipts (GDRs)/American depository receipts (ADRs)/foreign currency convertible bonds (FCCBs).

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After Chalte Chalte, Lakshya and Swades, UTV has finally hit the jackpot with the Aamir Khan-starrer, Rang De Basanti. The slick movie is said to have had box-office collections of Rs 33 crore in the first week itself. The film has done well in overseas and urban India mainly, but has not done so well in smaller towns, UTV officials said.

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Aggregate revenues of 13 Indian IT companies grew by a healthy 10% sequentially in the third quarter, on top of a 9.6% growth in the quarter ended September 2005. Bottomlines, however, have produced mixed results.

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Flying officer Anjali Gupta, who faced court martial proceedings on charges of indiscipline, was dismissed from service on Friday after Chief of Air Staff Air Chief Marshal SP Tyagi issued an executive order in this regard.

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The finance ministry is considering a proposal to provide tax breaks to telecom service operators in line with other core infrastructure sectors like power and roads. Telecom service operators may now enjoy a 10 year tax holiday after the budget as opposed to the existing five year tax holiday.

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Satyam Computer Services has bagged a part of General Motors’ (GM) multi-year, multi-billion dollar IT contract in association with HP and Cap Gemini, a deal that would lead to revenues of $150m for Satyam over the next five years.

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Lalu Prasad has finally vacated his home of 15 years, but he has left behind a unique legacy for its new occupant, chief minister Nitish Kumar. The RJD supremo on Friday advised Nitish to get 1, Anne Marg exorcised of ghosts.

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Ministries have been asked to urgently collate information for a publicity blitz being planned by the Centre in five states going to Assembly polls highlighting the "achievements" of the UPA government.

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After completion of the five-leg financial bidding process for the 337 frequencies in second phase of expansion of private FM radio, Sun TV network emerged as the single largest group claiming 67 frequencies at an estimated investment of over Rs 80 crore.

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The Prime Minister's appeal notwithstanding, AAI unions continued their strike on Day Three but with a hint that it may be called off on Saturday morning after an inter-union meeting.

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Directors of nearly 700,000 companies, including all listed, unlisted and private firms, will have to obtain a director identification number (DIN). 
 
This is required for the ministry of company affairs’ e-governance project that will be implemented across the country in April. 

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Flight operations were normal but basic passenger services were in a state of mess at the N S Bose International Airport here as the agitation of the AAI employees entered its fourth day on Saturday.

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Building upon friendly relations with Philippines as reaffirmed in the visit of President A P J Abdul Kalam, India today signed three agreements in defence, tourism, agriculture and one MoU for supply of quality medicines at reduced prices.

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The political situation in Assam is still fluid ahead of the assembly elections expected in April, but the Congress seems to have a marginal edge over rivals with the opposition fractured and unlikely to unite before the polls.

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Transparency International estimated that petty corruption in India’s government hospitals in monetary terms amounts to about Rs 20.17 billion per year.

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Reliance Industries Ltd and Reliance Natural Resources Ltd have hammered out a gas supply agreement. Reliance Natural Resources is one of the entities that have come into existence following a split of the Reliance business empire between Ambani brothers Mukesh and Anil. 

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JK Lakshmi Cement, one of the leading companies of the JK Group, has drawn up a plan to spend Rs 200 crore in setting up a captive power plant. It also plans to improve the capacity of its plant in the Sirohi district of Rajasthan.

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In a rare 'no' to Washington, the Indian Navy has called off the leasing of two US Navy P-3C Orion maritime reconnaissance aircraft (MRA) on grounds they are too expensive.

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Wipro Ltd. said on Friday that a 5-year computer services deal with General Motors Corp. was far less than the $300 million reported a day earlier.

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An alleged ISI agent has been arrested from a posh South Delhi locality, police sources said on Saturday.

Nasir, a Pakistani national, was arrested from near a school in Defence Colony on Friday, the sources said. Two kg of RDX, a detonator and a timer were recovered from him.

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Prime Minister Manmohan Singh will be visiting Tamil Nadu on Saturday.During the one-day visit, he will launch the Golden Jubilee celebrations of the Neyvelli Lignite Corporation in Cuddalore district.

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The Delhi High Court today deferred to Monday the hearing on Reliance Airport Developers’ petition seeking quashing of the award of Delhi and Mumbai airport modernisation contracts to GMR-Fraport and GVK-ACSA, respectively.

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The Delhi Metro Rail Corporation may face a shortfall of nearly Rs 550 crore for its second phase as the Japan Bank for International Co-operation has approved only 48 per cent funding of the Rs 8,118 crore project against the 55 per cent proposed by the corporation.

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A moderate intensity earthquake measuring 5.9 on the Richter scale shook parts of the Andaman islands in the wee hours of Saturday.

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The Airport Authority of India (AAI) union will be meeting to decide on the future course of action.The move comes after Prime Minister Manmohan Singh himself intervened on Friday and met the striking AAI employees.

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