India News

The magic of Mahendra Singh Dhoni is not just casting a spell on the eyes of his celebrity-starved home state denizens but also prompting them to loosen their purse strings for products the cricket sensation endorses.

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The income taxpayers’ club is shrinking. The number of individuals filing their tax papers with the Income Tax Department is expected to go way below the 2.5-crore mark, as a result of the dispensation of the ‘one-by-six’ scheme and progressive raising of the tax exemption limits. This would mean that less than 3% of 100 crore people in the country show up on the income tax radar.

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State-run Gail India Ltd on Tuesday said it has purchased its first LNG cargo from the international market.

The company has bought one spot cargo of 135,000 standard cubic metre of LNG from Algeria, it said in a release.

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Former cricketer Mansoor Ali Khan Pataudi appeared in a court in Jhajhar along with six other accused in a case of hunting black buck.

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Shimla, considered an ideal hill resort for people evading the heat, is reeling under sever water shortage and high temperatures.

The peak of summer is still a month away but unusually high temperatures and an acute water shortage is making life difficult for residents.

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The licence could save MTNL upto Rs 400 crore when it begins carrying its own traffic, following the launch of its STD service. A development that has the potential to start a fresh bout of cuts in STD rates starting with Delhi and Mumbai, two of the most lucrative telecom markets in the country.

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The market capitalisation of Oil & Natural Gas Corporation (ONGC) zoomed past the Rs 2 lakh crore mark in today's trading.

With an equity base of 142.59 crore shares, the market capitalisation of ONGC touched the Rs 2 lakh crore-mark when the stock price hit Rs 1,402.

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A major fire broke out in the hutment colony at suburban Mankhurd in northeast Mumbai, according to fire brigade sources.

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Targeting the booming West Asia and South East Asian markets, the Indian arm of Korean electronics giant LG will increase its turnover from Rs 192 crore last year to Rs 600 crore this year, a top company official said.

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Maximum temperatures changed little and were above normal at a few places over the State. Gulbarga recorded highest maximum temperature of 42.4 degree celsius over the State.

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A special court hearing the Babri Masjid demolition cases against senior BJP leaders L K Advani, M M Joshi and six others has fixed May 20 as the next date of hearing on the matter.

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Lok Sabha Speaker Somnath Chatterjee, who faces a petition for disqualification on the ground that he holds an office of profit, on Tuesday indicated that he would not be presiding over the House proceedings when a legislation on the issue is brought by the Government.

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Shares rose to a new record on Tuesday, but retreated to trade flat as investors booked profit after the main index had climbed more than 5 per cent in the past seven sessions.

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Round the clock police protection is being provided to the 85 counting centres where all the electronic voting machines have been kept.

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Deccan Aviation Ltd., which runs India's first budget carrier Air Deccan, said it has set a price band of 150-175 rupees a share for its initial public offer set to open on May 18.

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Japanese watch manufacturer Citizen Watches has announced that Indian cricket skipper Rahul Dravid is its brand ambassador.

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State-owned Oil and Natural Gas Corporation today crossed the 2 lakh crore-mark in terms of market capitalisation, with its scrip touching a 52-week high of Rs 1422 at the Bombay Stock Exchange.

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The high-profile Rae Bareli constituency that went to polls on Monday following Ms Sonia Gandhi’s resignation on the office of profit issue saw 42.3 per cent polling.

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The Reserve Bank of India has introduced a new series of 'star' banknote, which will be issued in Rs 10, Rs 20 and Rs 50 denominations to replace defective notes in various series.

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The Supreme Court on Tuesday restrained Prasar Bharati from airing on Doordarshan the upcoming India-West Indies Test and ODI matches, the exclusive telecast rights of which are with Ten Sports.

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A nondescript Lakhanpal village in Punjab has set a new record, as it became the state's first region where girls outnumbered boys.

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In a bizarre case of robbery, a man claiming to be a human bomb went to the manager of UTI bank’s Vikaspuri branch in west Delhi and decamped with Rs 40 lakh on Monday.

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The Supreme Court today declined Narmada Bachao Andolan’s (NBA) plea to stop the ongoing construction work to raise the height of the Sardar Sarovar Dam from the existing 110 metres to 121.92 m at this stage.

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The second phase of the Budget session of Parliament beginning on Wednesday is by all accounts expected to be a stormy affair with opposition BJP raring to put the UPA in the dock on a number of issues including Volcker controversy and its key outside supporters Left parties giving notice of being aggressive on foreign policy.

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In a major breakthrough, Jammu and Kashmir police on Tuesday gunned down one of the main conspirators behind the March 7 Varanasi blasts in an encounter in north Kashmir's Handwara area.

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The war between Bharat Sanchar Nigam and Mahanagar Telephone Nigam, the two telecom PSUs, has escalated with BSNL asking MTNL to pay Rs 900 crore as outstanding dues for ’05-06. In a notice to MTNL, it has claimed that the dues are on account of charges for carrying NLD traffic and ADC during the previous financial year.

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The Bombay Stock Exchange (BSE) sensitive index (Sensex) on Tuesday maintained its record-breaking stride and rallied further by 82.14 points to hit yet another new high of 12,544.61 during the early trade on increased funds buying.

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The Indian Space Research Organisation (ISRO) and NASA are to sign a MoU on Tuesday.

NASA Administrator Michael Griffin will sign the agreement with ISRO Chairman G Madhavan Nair at the ISRO Satellite Centre in Bangalore.

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The mercury in the capital dipped to 41 degrees on Monday, but the dust made it unbearable especially for people with allergies.

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Polling has taken place for the 234-member legislature in Tamil Nadu with 65 per turnout of voters. It is expected to be a very close race between Chief Minister Jayalalithaa and the main opposition alliance led by the DMK party of M Karunanidhi.

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