Category: BUSINESS

A day after environment minister and IITian Jairam Ramesh rued the quality of research and faculty at India’s premier technology and management educational institutions, he got support from human resources minister Kapil Sibal. Sibal, talking to the media, pointed out that Indian IITs and IIMs — on which many Indians feel proud — are not […]

The Delhi High Court explosion was caused by an unidentified package left near the Ford Figo car, and not inside the car as suspected earlier. Dharmendra Kumar, Commissioner for Law and Order in Delhi said the suspected package was left near the car and may have contained explosive substance. “The Forensics team are on their […]

Indicating that attempts to divide different portfolios have not been successful, Kerala UDF leader Oommen Chandy has decided to swear in only the heads of the six parties that make up the Congress led alliance in Kerala. After the ceremony today, Chandy and Congress Party head in Kerala, Ramesh Chennithala, will leave for Delhi for […]

Actor Salim Kumar, who usually restricts himself to comedy roles, has won the National award for best actor. The award was given for his role in the Malayalam film ‘Adaminte Makan Abu’ [Abu, son of Adam.] The film also won the award for the best feature film as well as several others like that for […]

The Congress has said that the arrest of Kanimozhi will not affect its alliance with DMK and that it will not comment on the matter. “I don’t think it is necessary for a political party to comment upon the merits of an ongoing judicial proceeding… This being a matter between accused persons and investigating agences, […]

Just on the heels of the killing of the 35 highway workers in the Patkia province last week ten more workers became victims of the blast in the Kandhar province, southern Afghanistan. RTN sources say that when the labourers were going for their daily work in the rural Panjwayi district of Kandahar province blast took […]

Dabangg, the Salman Khan starring entertainer directed by newcomer and brother of director Anurag Kashyap, Abhinav Kashyap has won the award for the most popular film of 2010 in the National Film Awards being announced in a few minutes, according to sources. The lead actors in the film include Arbaaz’s elder brother, Salman Khan and […]

The good up by the Home ministry and the CBI in making India’s most wanted list “shall not be condoned” or “taken lightly,” the Congress party has said. Abhishek Manu Singhvi, the spokesperson of the party, said an investigation is currently on to apportion the blame for the mess and action will definitely be taken. […]

The Prime Minister has approved the appointment of Ajit Kumar Seth,a 1974 Indian Administrative Service (IAS) officer belonging to Uttar Pradesh cadre as the next Cabinet Secretary with effect from June 14, 2011. A press release issued by the Ministry of personnel, public grievances and pensions says that “The Prime Minister has approved the appointment […]

Niira Radia, the founder of Vaishnavi Corporate Communications and the prominent lobbyist whose alleged conversations grabbed the headlines six months ago, will sue Delhi-based lawyer RK Anand for allegedly defaming her. Anand, a former neighbour of Radia’s, has been sued for writing a book ‘Close encounters with Niira Radia’ whose publication was stopped by the […]

The environment ministry’s expert body, which was initially in favor of letting Lavasa complete 257 buildings under construction, has now deferred any decision on the project. It noted that Lavasa has changed its plans for this ‘under construction’ area through its ‘Special Planning Authority’ status and that the Bombay High Court has asked for a […]

Speaking at a party function in Varanasi in Uttar Pradesh, Congress president Sonia Gandhi has accused the Mayawati Government of running “an elaborate scheme to deprive the local farmers of their land.” Her comments have come in the same aggressive tone adopted by her son and Congress General Secretary Rahul Gandhi, setting the pitch for […]

The Home Minister P Chidambaram is learnt to have forwarded the report of Karnataka Governor HR Bhardwaj to the Prime Minister Manmohan Singh, with a note that it disagreed with this recommendation. Earlier this week, Bhardwaj had sent a report to the Home Ministry claiming that the Speaker and the Chief Minister of Karnataka state […]

Shortly after it asked the Centre to clarify the exact powers of Lavasa as a Special Planning Authority or SPA, the Expert Appraisal Committee of the Union Environment Ministry has found that Lavasa showed a higher built-up area in its plans by calculating its FSI in the wrong way. It asked the firm to come […]

India is one of the most ‘unpeaceful’ places in the world, going by the Global Peace Index – a ranking of nations according to their states of peace. Out of the 153 countries, India ranked towards the bottom in terms of peace, at 135. Iceland is the world’s most peaceful nation, followed by New Zealand, […]

Prices are rising faster in rural areas compared to urban areas, according to the consumer price index readings for April. Inflation was up from 7% in March to 8% in April in rural areas while it climbed 4% to 5% in urban areas. Overall consumer prices were up 8% in rural areas while they were […]

Arun Bothra, the CBI DIG in charge of the extraditing Kim Davy, the accused in the Purulia arms drop case, has dismissed allegations that the ‘expired warrant’ carried by CBI to Copenhagen was a big issue. Bothra, speaking to media in Copenhagen, said it was a mere technicality, even as calls increased for home minister […]