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Coal India ready to sign modified FSA with power firms


September 18th, 2012 - 11:43 pm ICT by IANS
Kolkata, Sep 18 (IANS) Public sector Coal India Limited (CIL), the world's largest coal miner, Tuesday said it is now ready to sign the modified Fuel Supply Agreement (FSA) with ... Read more...

Posted in Business |

Palmeiras sack coach Scolari


September 14th, 2012 - 1:49 pm ICT by IANS
Rio de Janeiro, Sep 14 (IANS) Brazil's 2002 World Cup-winning coach Luiz Felipe Scolari has been sacked by Brazilian top-flight club Palmeiras.Scolari's fate was sealed after an emergency meeting of ... Read more...

Posted in Uncategorized |

IAEA demands access to Iranian military site


September 10th, 2012 - 8:27 pm ICT by IANS
Moscow, Sep 10 (IANS/RIA Novosti) The head of the UN nuclear watchdog urged Iran Monday to grant IAEA inspectors immediate access to the Parchin facility, the agency reported on its ... Read more...

Posted in World |

Onno Ruhl is World Bank’s new country director for India


September 10th, 2012 - 8:17 pm ICT by IANS
Washington, Sep 10 (IANS) Onno Ruhl, a Dutch national, has taken over as World Bank's new country director for India, replacing N. Roberto Zagha, who is due to retire from ... Read more...

Posted in World |

Non-polluting units to get land in Lucknow


August 30th, 2012 - 2:21 pm ICT by IANS
Lucknow, Aug 30 (IANS) The Lucknow Industrial Development Authority (LIDA) will soon launch a scheme to provide around 50 acres of developed land for non-polluting industrial use.The proposal was approved ... Read more...

Posted in Business |

Passengers stranded as Kingfisher cancels flights


August 8th, 2012 - 11:50 pm ICT by IANS
New Delhi/Mumbai, Aug 8 (IANS) Passengers of Kingfisher Airlines were stranded Wednesday as flights from the national capital and Mumbai were cancelled due to a strike by pilots over non-payment ... Read more...

Posted in Business |

Yunus fears government is taking over Grameen Bank (Lead)


August 2nd, 2012 - 8:22 pm ICT by IANS
Dhaka, Aug 2 (IANS) Nobel laureate Muhammad Yunus Thursday expressed shock at the Bangladesh government's attempt to cut the powers of the Grameen Bank's board and giving more authority to ... Read more...

Posted in South Asia |

Yunus fears Grameen Bank’s takeover by government


August 2nd, 2012 - 8:05 pm ICT by IANS
Dhaka, Aug 2 (IANS) Nobel laureate Muhammad Yunus Thursday expressed utter shock at the Bangladesh government's attempt to cut the powers of the Grameen Bank's board and giving more authority ... Read more...

Posted in Uncategorized |

Reliance MediaWorks to raise Rs.600 crore through rights issue


July 25th, 2012 - 6:23 pm ICT by IANS
New Delhi, July 25 (IANS) Reliance MediaWorks Ltd, a film and entertainment services wing of the Reliance group, has approved raising an amount of Rs.600 crore by issuing additional shares ... Read more...

Posted in Entertainment |

Jaiprakash Power quarterly net profit rises 163 percent


July 21st, 2012 - 8:39 pm ICT by IANS
New Delhi, July 21 (IANS) Jaiprakash Power Ventures (JPVL) Saturday posted a 163 percent increase in net profit at Rs.182.96 for the quarter ended June 30 against Rs.69.56 during the ... Read more...

Posted in Business |

Yahoo taps former Google executive as CEO


July 17th, 2012 - 3:13 pm ICT by IANS
San Francisco, July 17 (IANS) Yahoo Monday announced that it has appointed Marissa Mayer, a former Google executive, to be its president and chief executive officer (CEO), reported Xinhua. ... Read more...

Posted in Sci-Tech |

FICA backs legal action against Bangladesh on players’ dues


July 12th, 2012 - 2:12 pm ICT by IANS
Melbourne, July 12 (IANS) The Federation of International Cricketers' Association (FICA) has said it would support the legal action if the players who have not been paid for playing in ... Read more...

Posted in Sports |

Maradona wants to keep coaching UAE team


July 12th, 2012 - 1:11 pm ICT by IANS
Buenos Aires, July 12 (IANS) Diego Maradona has said he would like to continue as coach of Dubai's Al Wasl team despite the club's announcement of his dismissal.Maradona, expected to ... Read more...

Posted in Sports |

FDI in retail at appropriate time: Official


July 5th, 2012 - 8:14 pm ICT by IANS
Chennai, July 5 (IANS) The Indian government has scope to reduce its borrowings while it is waiting for the right political atmosphere to allow foreign direct investment (FDI) in retail, ... Read more...

Posted in Business |

News Corp to be split into two companies


June 28th, 2012 - 5:37 pm ICT by IANS
London, June 28 (IANS) Rupert Murdoch's News Corporation will be split into two companies for its newspaper business and entertainment operations, it was reported here.News Corp's board voted unanimously to ... Read more...

Posted in Entertainment |

Odisha Class 10 board exam results posted on FB before declaration


June 28th, 2012 - 12:46 pm ICT by IANS
Bhubaneswar, June 28 (IANS) The results of Odisha's Class 10 board examination was posted on social networking site Facebook 12 hours ahead of their declaration, an official said Thursday.The ... Read more...

Posted in Uncategorized |

Barton stripped of QPR captaincy, fined


June 25th, 2012 - 9:05 pm ICT by IANS
London, June 25 (IANS/RIA Novosti) Queens Park Rangers midfielder Joey Barton has been stripped of the captain's armband and fined six weeks wages for his red card against Manchester City, ... Read more...

Posted in Sports |

CESC’s consolidated net profit down 11 percent


June 13th, 2012 - 9:29 pm ICT by IANS
Kolkata, June 13 (IANS) The net profit of RP-Sanjiv Goenka Group's power utility company CESC Ltd declined by 11 percent in the 2011-12 fiscal compared to the year-ago period, the ... Read more...

Posted in Business |

‘Rajat Gupta had a good tenure at Goldman’


June 8th, 2012 - 10:40 am ICT by IANS
New York, June 8 (IANS) Rajat Gupta, former director of Goldman Sachs Group, had a "not long, but good" tenure, the bank's CEO Lloyd Blankfein testified at his trial on ... Read more...

Posted in Business |

Air India to import jet fuel directly


June 7th, 2012 - 9:02 pm ICT by IANS
New Delhi, June 7 (IANS) Air India wants to directly import jet fuel that would help the national carrier save around Rs.300 crore annually.To do this, the airline will seek ... Read more...

Posted in Uncategorized |

Russian state oil firm to buy back shares worth $2 bn


June 1st, 2012 - 2:32 pm ICT by IANS
Moscow, June 1 (IANS/RIA Novosti) Russia's largest state-controlled oil company Rosneft will purchase 68.3 billion rubles ($2 billion) worth of shares from its minority shareholders.The buy-back involves Rosneft's minority shareholders ... Read more...

Posted in Business |

Rajat Gupta’s lawyers say traders ‘bragged’ falsely about tipsters


May 31st, 2012 - 11:28 am ICT by IANS
New York, May 31 (IANS) Convicted hedge fund billionaire Raj Rajaratnam and traders at his Galleon Group "exaggerated" and "bragged" about having sources of inside information, lawyers for Indian American ... Read more...

Posted in Business |

‘Air India won’t take Dreamliners till compensation fixed’


May 29th, 2012 - 5:42 pm ICT by IANS
New Delhi, May 29 (IANS) Civil Aviation Minister Ajit Singh Tuesday said Air India would not take delivery of its first batch of Boeing 787 Dreamliner until both the airline ... Read more...

Posted in Business |

ICC cricket committee to re-consider legality of switch-hit


May 28th, 2012 - 9:02 pm ICT by IANS
London, May 28 (IANS) The International Cricket Council (ICC) cricket committee will be meeting at the Lord's in London for its two-day annual conference starting Wednesday to re-consider the legality ... Read more...

Posted in Sports |

Day 21, Rs.300 crore losses - Air India crisis continues


May 28th, 2012 - 3:17 pm ICT by IANS
New Delhi, May 28 (IANS) The strike by pilots of national carrier Air India continued for the 21th day Monday, mounting losses to more than Rs.300 crore (about $55 mn)."Current ... Read more...

Posted in Business |

Rajat Gupta’s trial: Prosecutors play FBI wiretaps


May 25th, 2012 - 10:25 am ICT by IANS
New York, May 25 (IANS) Prosecutors played a series of FBI wiretapped phone conversations in a bid to show that Goldman Sachs' former Indian-American director Rajat Gupta shared confidential information ... Read more...

Posted in World |

TVS logs 28 percent net profit, to launch new vehicles


May 24th, 2012 - 7:55 pm ICT by IANS
Chennai, May 24 (IANS) Closing last fiscal with 28 percent growth in its after-tax profit, two- and three-wheeler maker TVS Motor Company announced Thursday that it would launch an executive ... Read more...

Posted in Business |

US senate confirms Obama’s Fed nominees


May 18th, 2012 - 6:15 am ICT by IANS
Washington, May 18 (IANS) The US senate Thursday confirmed two nominees of President Barack Obama to the Federal Reserve board.The senate voted 74-21 to confirm Jerome Powell, an attorney ... Read more...

Posted in Business |

Inadvertent error in CEO’s resume: Yahoo


May 4th, 2012 - 5:44 pm ICT by IANS
San Francisco, May 4 (IANS) Yahoo has confirmed a shareholder's allegation that its chief executive officer (CEO) Scott Thompson did not have a computer science degree as claimed, saying that ... Read more...

Posted in World |

Hero Motocorp’s scrip down 7 percent


May 3rd, 2012 - 3:25 pm ICT by IANS
Mumbai, May 3 (IANS) An expected slowdown in the automobile industry coupled with increased competition dampened investor sentiments on Hero MotoCorp's scrip, which fell by 6.99 percent in Thursday's ... Read more...

Posted in Business |

Tube Investments logs 37 percent net profit growth


April 30th, 2012 - 9:31 pm ICT by IANS
Chennai, April 30 (IANS) City-based multi-product company Tube Investments of India Ltd. (TII) closed last fiscal with 37 percent growth in its consolidated net profit, and the company's Board of ... Read more...

Posted in Business |

Maruti Suzuki’s Q4 net profit down three percent


April 28th, 2012 - 6:02 pm ICT by IANS
New Delhi, April 28 (IANS) Passenger car major Maruti Suzuki Saturday reported a decline of three percent in its net profit for the fourth quarter of 2011-12 which stood at ... Read more...

Posted in Uncategorized |

Lalit Jalan re-designated as Reliance Infra CEO


April 23rd, 2012 - 7:33 pm ICT by IANS
Mumbai, April 23 (IANS) Reliance Infrastructure Monday said it has re-designated Lalit Jalan as chief executive officer (CEO) and that he will not be part of the firm's board."With a ... Read more...

Posted in Business |

Russia to back US nominee as world bank chief


April 14th, 2012 - 11:18 am ICT by IANS
Moscow, April 14 (IANS/RIA Novosti)Russia will back Jim Yong Kim as head of the world bank, Finance Minister Anton Silyanov has said.In late March, the White House named Kim, ... Read more...

Posted in World |

‘Incumbent SGPC president to run affairs of body’


March 30th, 2012 - 10:46 pm ICT by IANS
New Delhi, March 30 (IANS) The Supreme Court Friday directed that Shiromani Gurdwara Parbandhak Committee's (SGPC) president Avtar Singh Makkar would run the affairs of the Sikh religious body along ... Read more...

Posted in Uncategorized |

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