Category: India

Vendata deal raises eyebrows

The petroleum Ministry has pulled a wet blanket over Vedanta group’s celebration for acquiring Cairn India as the ministry said it will approve the deal only if the interests of ONGC and minority investors are protected and total compliance with the production sharing contract Cairn India has with ONGC.

Blackberry sales drop

Sales of BlackBerry have been affected due to the spat between the Indian government and its manufacturer Research In Motion as some dealers in Mumbai have stopped ordering fresh stock of the mobile phone that has emerged as a status symbol for the rich and upcoming.

PM Shining, babus shaming

Even as Prime Minister Dr. Manmohan Singh was voted “the leader other leaders love” by Newsweek magazine, Indian government officials have brought shame to the country for corruption and inefficiency as revealed in the Parliament.

According to a reply furnished by Minister of State in the Prime Minister’s Office, Prithviraj Chavan, the country’s officials have been found to be least efficient among 12 Asian countries in a survey conducted by Hong Kong based Political and Economic Risk Consultancy.

Bomb hoax at AP Secretariat

Andhra Pradesh police were kept on their toes with five phone calls warning of a bomb planted in the State secretariat building which houses the office of the Chief Minister and other ministers.

The bomb disposal squad combed the building for nearly two hours before concluding that the calls were a hoax.

Ex-Satyam chief gets bail

Former Satyam chief B Ramalinga Raju, the prime accused in the multi-crore Satyam scam was granted bail by the Andhra Pradesh High Court with a condition to co-operate with the investigators and not to leave the country. He has also been asked to furnish two sureties of Rs. 20 lakhs each.

Mr. Raju languished in jail since January 2009 after he confessed to a Rs. 7,800 crore fraud in Satyam Computer Services Ltd., a company founded by him.

British Airways, Kingfisher tie up

A codeshare tie up between British Airways and Kingfisher Airlines which is on the anvil would facilitate seamless travel for passengers who could also enjoy benefits while travelling on their...

NO BALL CONTROVERSY – Randiv suspended for 1 match

Sri Lankan Cricket Board acted swiftly to penalise players involved in the controversial ‘no ball’ in the India-Sri Lanka match that denied Indian opener Virender Sehwag a century.

Spinner Suraj Randiv who delivered the controversial ball that gave India a much needed victory, but denied the batsman a century, has been suspended from one match and his earnings from the India-Sri Lanka match has been forfeited. Randiv will not be playing the next Sri Lanka – New Zealand match today.

BJP gives nod to Nuke Liability Bill

The Bharatiya Janata Party has agreed to the Civil Liability for Nuclear Damage Bill as the government has increased the cap on compensation from the proposed Rs. 500 crore to Rs. 1,500 crore with a provision for further increase as and when necessary.

The government had come in for severe criticism over this issue as people were agitated over the compensation cap fixed at only Rs. 500 crore. The bill coming up when the scars of the Bhopal tragedy were re-opened following the court verdict, made it difficult for the government to push the bill.

PM promises to restore Leh

Prime Minister Dr. Manmohan Singh announced a package of Rs. 120 crore for restoration of ravaged Leh and promised its inhabitants that all the damaged houses would be rebuilt before the onset of winter.

Following a day long visit to this region that was ravaged by flash floods, Dr. Singh announced the package from Prime Minister’s National Relief Fund for reconstruction of the town and neighbouring villages.

Decks cleared for Sonia’s election as Congress chief

The Congress Working Committee while clearing all decks for electing Sonia Gandhi as the party president at a meeting on Monday, took digs at two of its important allies in the UPA alliance ruling the country.

The two allies targeted are Omar Abdullah, Chief Minister of Jammu & Kashmir which has seen a revival of violence in recent times and Trinamool Congress chief Mamata Banerjee who has stormed into the Maoists stronghold holding the banner of peace.