India’s beleaguered state carrier Air India has found itself facing yet another crisis after the three state-owned oil companies have refused to refuel some of its jets today. It is reported that oil companies have imposed a cut of 20% on their supplies to Air India. Air India was forced to cancel six of its […]
Inflation will remain high for most of the year and the domestic product (GDP) will fall to 8%, according to a survey of economists by FICCI. Unlike the earlier target of around 5% for the yearly price rise (inflation), the economists now accept a “new normal” for inflation — around 7-7.5%, the survey said. Current […]
China has become home to the World’s highest number of Internet video consumers, according to the latest ‘Virtual Network Index’ report by the biggest networking firm, CISCO. According to it 284 million Chinese, around a quarter of its population, watch video on the Internet while only 9.6 million Indians — less than 1% of India’s […]
The Supreme Court has asked cricketer and former Indian captain Sourav Ganguly to return a controversial piece of land in Salt Lake City allotted to him by the Left front government for setting up a school. A Bench comprising of Justices G S Singhvi and A K Ganguly has told Ganguly to comply with the […]
Indian home minister P Chidambaram has drawn a scary picture of Pakistan’s predicament in his opening address in front of a visiting US delegation. The minister called the Afghanistan-Pakistan complex the “global epicenter of terrorism” and drew a bleak picture of where India’s immediate Western neighbour is headed, as a country. “Today, different terrorist groups, […]
Many oil-rich Gulf states, ostensibly allied with the United States, have a policy of turning a blind eye to the terror planning and financing activities on their territories with Kuwait and Qatar being the worst offenders, according to a US diplomatic cable. Saudi Arabia has done the most to disrupt terror networks, particularly the al […]
The Supreme Court has dismissed a plea that asked for a re-examination of the All India Engineering Entrance Exam after papers were leaked. The AIEEE examination results can now be released by the Government body. The Supreme Court said that nearly 10 lakh students have been waiting for the results of the examination and they […]
Hillary Clinton warned Pakistan against getting into a trap of Anti-Americanism and conspiracy theories while ignoring the real dangers that the country faces. In an apparent response to the turbulent domestic scene — where many fundamentalists leaders are calling for a anti-American measures from Pakistani government in return for the Osama killing and drone attacks […]
The US State Department was concerned about the terrorist-charities increasingly taking over the functions that should ideally be carried out by the Pakistani government. In a cable written on 30 December 2009, the US State Department urged the US ambassador to Pakistan Anne Patterson to convey its worries over the development to the local government. […]
Subhash Chandra’s Zee group and Rupert Murdoch’s Start group will float a new joint venture to start a digital cable revolution in the country. Zee will merge its distribution arm Zee Turner, while Star will merge its Star Den arm. The idea behind the JV is to make the big investments required for competing with […]
The three state-owned oil companies have restarted their fuel supplies after the Airline promised to pay its dues as soon as it gets an equivalent amount from the Government of India. The Government of India owes the carrier around Rs 1,150 crore which will now be redirected to the oil companies. The money is owed […]
Anil Ambani’s Reliance Communications, one of the largest telecom operators in the country, has decided to sell its stake in tower subsidiary Reliance Infratel to pay off its substantial debt. “The Board [of RCOM] has approved taking the process to the next stage of detailed due diligence, etc., with a view to completing such a […]
Pakistan diverted most of the money it received for counter-insurgency operations from the US to non-military uses, the country’s then finance minister Shaukat Tarin told Anne Patterson, the US ambassador to Pakistan in late 2009. In a US diplomatic cable released by Wikileaks, Tarin also requested Patterson to share how much money the US pays […]
With Yuvraj Singh also excusing himself from the upcoming West Indies tour, India is all set to go to the Caribbean without its top five players. The Indian squad leaving for West Indies will now not have MS Dhoni, Sachin Tendulkar, Virender Sehwag, Gautam Gambhir or Yuvraj Singh. Yuvraj, according to sources, has quoted a […]
RS Butola, chairman of India’s largest oil company Indian Oil has suggested an increase of Rs 1.35 per litre of petrol to ensure proper profit margins for the oil companies. Speaking at a energy event, Butola said that the state-owned oil companies, which increased petrol prices by Rs 5 per litre two weeks ago, said […]
The Directorate General of Civil Aviation, India’s top authority on domestic air transport, has blamed bad weather for yesterday’s crash of Apollo hospital aircraft in Delhi. In its preliminary report on the matter, it held that the 9-seater aircraft was simply too small and flimsy to survive the bad weather and crashed. DGCA authorities had […]
Sushma Swaraj defended herself against allegation of being close to the Bellary brothers of Karnataka, alleging that it was Arun Jaitely, Venkiah Naidu, Anant Kumar and Yeddyurappa who may have played any role in their political rise. Outlook magazine released an audio recording of Sushma’s comments to this effect. “I have had no hand in […]
India’s economy slowed down more than expected in the fourth quarter last year, slowing to just 7.8%, compared to 8.6% for the year a whole. The fourth quarter growth is below the 8% guidance that most economists have given for the current year. However, even last year’s full year number of 8.6% growth has been […]
World’s biggest software company, Microsoft, should be praying for the victory of Google’s Android operating system against its own ‘Windows Mobile’ OS, if numbers revealed by Citi ground analyst Walter Pritchard are anything to go by. Against the $2 or so that companies like Microsoft charge for letting manufacturers put their product (Windows) on their […]
UK based Serco Plc will buy out Intelenet, one of India’s bigger independent BPO companies with an employee strength of around 32,000, for up to £385m (Rs 2,500 crore), the Mumbai-based firm said. Around £50 million of the payment will be conditional on meeting milestones. Intelenet Global Services, started by TCS (Tata Consultancy Services) and […]
