The Prime Minister of India has denied media reports that the commercial arm of the Indian Space Research Organization (ISRO) has allocated a large chunk of prime satellite and ground spectrum to a private company for a few hundred crores of rupees. The ISRO comes under the Department of Space, currently under the Prime Minister […]
The Prime Minister of India announced a reshuffle and reallocation of portfolios in his ministry. RTN gives your the new ministers and their new portfolios: CABINET MINISTERS: 1. Shri Praful Patel : Heavy Industries and Public Enterprises 2. Shri Shriprakash Jaiswal : Coal 3. Shri Salman Khursheed : Water Resources and additional charge of Minority […]
Legal experts pointed out that the two sections under which Raja, Behura and Chandelia have been booked indicated the possibility of further arrests, including those from the private sector and their lobbyists. The CBI has booked the trio under the sections dealing with ‘criminal conspiracy’ and ‘criminal misconduct by a public servant’ of the Indian […]
Shortly lauding the ‘first come first served’ policy for lowering telecom tariffs and spreading telecom to all classes, telecom minister Kapil Sibal on Friday said the policy was the root of all evils in the spectrum controversy. Sibal also defended his predecessor A Raja, in jail on charges of manipulating the ‘first come, first served’ […]
The government will introduce the new Companies Bill in the Budget session of the Parliament beginning on the 21st and mandate international accounting rules in the new year, officials said. The ministry of Corporate Affairs also said there would be no mandatory provision requiring companies to spend 2% of their profits for social welfare purposes, […]
Lavasa has asked for a six month extension to submit details of its hill city project near Pune. The government had, in an order a week ago, said that the firm should subject all details of its project report so as to come up with a plan to remedy any environmental degradation the company may […]
It was meant as an opportunity to find the middle ground between a worried industry and an activist environment minister, but the interactive function organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) only highlighted the conflicting positions of the two. While FICCI heavy-weight and JK Paper MD Harsh Pati Singhania pointed […]
Finance minister Pranab Mukherjee said Indian government agencies have detected nearly Rs 49,000 crore of undeclared income and collected an extra Rs 34,600 crore of extra taxes. About Rs 15,000 cr was discovered in the last 18 months, Mukherjee said in an apparent attempt to mollify angry courts, a day before a crucial Supreme Court […]
Two days after it pulled up state Urban Development officials for giving ‘environment clearance’ to the Adarsh Society without any jurisdiction, the union environment ministry has again lashed out against the state government, this time for issuing a clearance to the Lavasa hill city. In a long-winded order, the ministry headed by Jairam Ramesh pulled […]
Former telecom minister and BJP leader Arun Shourie hit back at telecom minister Kapil Sibal for raising aspersions at his stint as the telecom minister in 2003. Shourie mocked Sibal for trying to defend his jailed predecessor A Raja and said such efforts only served to drag the Prime Minister into the net. “He is […]
Indian exporters posted yet another better than expected month in January this year, posting a growth of 32.5%, making January only the second month of $20 billion plus of exports ever. The $20 billion mark was breached in December last year when exports of goods were estimated to be around $22 billion. In all, Indian […]
The one-month investigation report on the internal goings on in the Department of Telecom during the “2G scam” has implicated many of the top officials in the department during the last five years. The government, which officially received the report from the former Supreme Court judge Shivaraj Patil on Monday, however kept mum on the […]
Environment minster Jairam Ramesh has hinted at a more considerate policy towards companies in his post-reshuffle stint in environment ministry. Using his special powers to over-turn a rejection of forest clearance to one of India’s biggest iron ore mines in Jharkhand on Wednesday, he said as a minister, he had to take a broader view. […]
In what will be music to netbook owners, the latest release of Debian Linux — most suited for netbooks due to its light requirements — can be copied directly to a USB stick for installation. Owners of netbooks, cheap notebooks that don’t always have a CD-drive, had been at a disadvantage as far Debian was […]
R.S.Sharma, chairman of India’s largest oil and gas firm ONGC, said he saw no immediate respite from climbing crude oil prices and said his own firm’s profits will be hit due to the spike. “I don’t think there is going to be immediate respite and the outlook is not comforting,” Sharma said while inaugurating the […]
Research In Motion, maker of the Blackberry smartphones, has denied that it intends to expose the communication of its corporate clients to the Indian government, but said it will allow legal access to consumer accounts. It also said that rumors about a planned move to give Indian government “full access” are hurting business. The company, […]
HP has regained the crown as India’s number PC and laptop brand, nearly a year after it first lost the laptop crown to Dell. HP’s marketshare zoomed to 17.3% from below 15% during the previous quarter while Dell’s share hovered around the 14% mark. Acer remained at the third place at 11.5% during the quarter. […]
Shares of Zensar Technologies Ltd are likely to fall on Wednesday as the company has reported a decline in both revenue and profit compared to the preceding quarter. The company, which provides outsourcing and IT services, said revenue fell 1% to Rs 594 crore, while net profit fell nearly 30% to 50.7 crore. The company […]
The Indian Oil Corporation, which accounts for 50% of India’s petrol and diesel sales, has justified its recent increase in petrol prices, blaming the ever-rising international crude prices. It said, despite increasing petrol prices, it is losing Rs 159 Crore per day on the sales of other fuels like Diesel, LPG and Kerosene. “With the […]
A year after promising a $1 billion loan to clean up the Ganga, the World Bank is in talks with India to fund new environment-related project, environment minister Jairam Ramesh said. “Our government is clear about the need to reflect and factor in ecological concerns into our growth process so that the benefits of growth […]
