India News

Major Indian cities were on high alert Wednesday fearing sectarian violence after serial bombings in Hinduism's holiest city of Varanasi killed 20 people and injured over 50 on Tuesday evening.

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The market, which staged a splendid rally from lower levels around mid morning, remained extremely range-bound for more than an hour before turning south once again on a severe bout of selling in key old and new economy stocks.

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The mud-slinging continues. Jagmohan Dalmiya today sent a ‘transparency’ bouncer to Sharad Pawar & Co. on the controversial PILCOM issue and the awarding of TV rights. Only to be later “proved wrong” by the Board.

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People for the Ethical Treatment of Animals (PETA) India is launching a ground-breaking new initiative developed by its team of twenty-somethings for Indian youth in their teens and twenties.

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IT major IBM on Tuesday announced new enhancements to its line of storage product offerings and features for small to medium-sized businesses. The offerings bring enterprise level capabilities to a broad group of storage users.

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Wednesday morning, Indian indices began trade in the green, following a marginal close below the unchanged line on Tuesday. Shares across the Asia Pacific region are sharply down on concerns over rise in interest rates in the US.

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GoAir, which recently announced the acquisition of 20 Airbus aircraft, is considering various options including private equity to finance the purchase.

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A Delhi court on Tuesday issued a non-bailable warrant seeking the presence of Bharti Yadav, daughter of former Member of Parliament D. P. Yadav and a key prosecution witness in the Nitish Katara murder case, to record her statement.

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Flintoff's bonny young scrappers will be expected to put up exactly the same sterling performance they showed against India in Nagpur when the two sides meet for the second Test on Thursday. Or the big man will want to know why.

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The Supreme Court on Monday criticised the Medical Council of India (MCI) for delaying inspection of the Government Medical College at Theni though the institution had informed the MCI about rectification of deficiencies pointed out in 2005.

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RIL planning to acquire 900mn shares - exactly the same quantity to be offered via the IPO.A clutch of private equity investors are set to pick up 450 million shares in Reliance Petroleum Ltd (RPL).

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Industrial Development Bank of India Ltd (IDBI) on Wednesday said it has signed a memorandum of Understanding with the Netherland-based financial services provider, Fortis Insurance International NV (Fortis) for setting up a Joint Venture company.
 

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The Supreme Court has sentenced the key witness in the Best Bakery case Zaheera Sheikh to one year in prison.Finding her guilty of perjury, the apex court also asked her to pay a fine of Rs 50,000. Zaheera faces two years imprisonment if she fails to pay the fine.

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Delhi Police on Wednesday gunned down two alleged terrorists of the Lashker-e-Taiba (LeT) and recovered a large cache of arms and explosives from them.

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Hours after the blasts in Varanasi, a suspected Lashkar-e-Taiba militant was shot dead in an encounter with the police in Gosaiganj area on the outskirts of the city early Wednesday morning.

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Rated as one among the top 10 luxury trains in the world, the Palace on Wheels is to get a second, more luxurious version soon. The Palace on Wheels-2 is being introduced by Rajasthan Tourism Development Corporation (RTDC) in collaboration with Indian Railways, said tourism department officials.

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An earthquake of moderate intensity, measuring 5.2 on the Richter Scale, jolted several parts of Gujarat late on Tuesday night after which the people rushed out of their homes in panic but there were no immediate reports of casualty or damage to buildings.

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The Mumbai Circle of State Bank of India on Tuesday announced a partnership with business consulting and solution integration company Nihilent to launch a customer feedback system (CFS) in the country.

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 Reliance Natural Resources Ltd, a gas transmission utility of the Anil Dhirubhai Ambani Group, will get into city gas distribution business and coal mining, Chairman Anil Ambani said on Monday.

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A court in Meerut has sent a notice to Uttar Pradesh Haj and Minority Minister Yaqoob Qureshi. Qureshi had announced a reward for killing the Danish cartoonist behind the Prophet Mohammed caricatures.

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 Congress President Sonai Gandhi has called for a joint probe into the Varanasi blasts."The Centre and the state government will act unitedly to punish those who perpetrated the blast," she told reporters after visiting the blast site along with Union Home Minister Shivraj Patil.

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Captain Rahul Dravid will join a select band of Indian cricketers, who have played 100 Tests or more, when he takes the field in the third Test against England at the Wankhede stadium here on March 18.

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 The railway ministry on Tuesday said it will challenge the Gujarat high court order staying any further action on the U C Banerjee Commission report on the Sabarmati Express carnage of February 2002.

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Tata Steel Ltd , India's biggest private-sector steel producer, said on Tuesday it has signed an external commercial borrowing agreement to raise $500 mn to fund expansion and acquisitions.

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The Bihar government has sounded a red alert throughout the state following the blasts in Varanasi. Chief Minister Nitish Kumar told reporters that a red alert had been sounded and appealed to the people to maintain peace and order.

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Sony Entertainment Television (SET) India is brimming with excitement and if one were to believe channel officials, this is just the beginning. Come 10 March and the channel.

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Satyam Computer Services and Invista, one of Satyam's key customers in the manufacturing vertical, today announced the launch of a dedicated offshore development centre (ODC).

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Hotmail co-founder Sabeer Bhatia on Monday introduced a new toolbar, pegging it as an instrument in the process of democratising the information superway.

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The Uttaranchal government has given a clean chit to Baba Ramdev and his Divya Yog Pharmacy. It said laboratory tests showed that no human or animal bones and other parts were present in medicines manufactured .

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Congress party hopes to benefit from the exit of Gopalasamy aka Vaiko from the DMK fold with his eyes set on post-Karunanidhi phase in Dravidian politics. The Congress therefore is not much perturbed hoping .

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After taking a series of tough measures to stop false voting and electoral malpractices, the Election Commission now plans to deploy a staggering 60,000 paramilitary personnel in the Maoist-hit districts of West .

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With a $4 lakh ransom demand on the hijacked Indian ship Bhaktisagar, all attempts are being made to negotiate the release of the ship and its crew. The ship, which was hijacked off the coast of Somalia late last month.

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Extradited don Abu Salem on Tuesday retracted a part of his confessional statement on Tuesday before the designated Terrorist and Disruptive Activities (Prevention) Act (TADA) court in the 1993 serial blasts case.

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The Election Commission today served a show-cause notice on Assam Rural Development Minister Ripun Bora and senior Congress legislator Haren Das for their alleged violation of the model code of conduct in their use of government vehicles.

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THE UNION budget for 2006-07 was preceded as usual by wish lists from different stakeholders. Here is an unusual post budget wish list. Before this is laid out some major positives in the latest budget have to be appreciated.

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Pakistan and India have agreed to expand the scope of the existing air service agreement between them.Talks between the two countries’ aviation officials concluded on Tuesday, with both sides agreeing to continue discussions.

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The five-day strike by employees of the Airports Authority of India (AAI) earlier this year caused a financial loss of more than Rs 2.64 crore to the airline industry apart from leading to cancellation of flights, the Minister for Civil Aviation, Praful Patel has said.

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The attack comes a little over four months after similar bombings in New Delhi Oct 29, 2005 in which 66 people died. It was the second attack on a religious place in Uttar Pradesh in eight months after the July 5, 2005 .

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President A P J Abdul Kalam on Tuesday began consultations with legal and constitutional experts over the issue of disqualification of Samajwadi Party MP Jaya Bachchan as a member of Rajya Sabha.

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In an outrageous serial terrorist strike on the holy city of Varanasi, the ancient Sankat Mochan temple packed with Tuesday worshippers of Lord Hanuman was rocked by a huge blast and two bombs exploded soon after at a nearby train station, leaving a total of 16 people dead.

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