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  1. India, S Korea sign 5-year defence co-op agreement
  2. India and South Korea today entered into a five-year defence cooperation accord by signing two memorandums of understandings on sharing of military expertise and technology.

    Posted on 3 September 2010 | 2:55 pm

  3. Govt may allot some coal blocks in 'no-go' areas for UMPP
  4. The government today said that some of the coal blocks lying in the "no-go" areas, which could not be used for mining, may be shifted to the go-areas, a move to expedite clearance for ultra mega power projects.

    Posted on 3 September 2010 | 2:53 pm

  5. CWG may have some 'hitches': authorities
  6. With exactly a month left for the Commonwealth Games, authorities today admitted that there may be some "hitches" here and there but were optimistic that overall it will be a "great" event.

    Posted on 3 September 2010 | 2:45 pm

  7. Cipla may decide in Oct on stake buy in SA co
  8. Drug major Cipla today said it could take a decision to buy stake of up to 25 per cent in a unit of South Africa-based, Cipla Medpro in its next board meeting in October.

    Posted on 3 September 2010 | 2:35 pm

  9. POLL: Euro zone services growth steadies in August
  10. The pace of recovery in the euro zone's dominant service sector was barely changed in August from July, according to a business survey that showed growth of the blocs wider private sector slowed slightly last month.

    Posted on 3 September 2010 | 2:26 pm

  11. Nikkei climbs 0.6%; caution before jobs data
  12. Japan's Nikkei average rose 0.6 per cent on Friday for a third day of gains as more encouraging data reassured investors about the health of the global economic recovery and sparked short-covering.

    Posted on 3 September 2010 | 1:58 pm

  13. Sunil Mittal's son joins Bharti Airtel, fuels succession talk
  14. Bharti Airtel, India's No.1 mobile operator, appointed the son of its billionaire founder-chairman as a manager, raising speculation he was being groomed for a top position in the $27 billion company.

    Posted on 3 September 2010 | 1:50 pm

  15. Govt in talks with pharma cos for cancer drugs
  16. The government is in talks with pharmaceutical companies for ensuring availability of cancer drugs at a minimal price at their low-cost pharmacy chain Jan Aushadhi stores across the country.

    Posted on 3 September 2010 | 1:47 pm

  17. BP Gulf of Mexico oil spill costs hit $8 bn
  18. BP Plc said on Friday the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion and that it was a fortnight away from sealing the well for good.

    Posted on 3 September 2010 | 1:02 pm

  19. Alok Ind sees revenue doubling to $3 bn in 3 yrs
  20. Textiles firm Alok Industries expects to double its revenue to $3 billion over the next three years, Managing Director Dilip Jiwrajka told reporters on sidelines of a conference on Friday.

    Posted on 3 September 2010 | 1:01 pm

  21. Samsung raises 2010 smartphone sales target: report
  22. Samsung Electronics Co Ltd, the world's number 2 handset maker, expects to sell up to 25 million smartphones this year, exceeding its earlier target, and aims to double shipments next year, media reports said on Friday.

    Posted on 3 September 2010 | 12:58 pm

  23. India defers power project bid date
  24. India has deferred the preliminary bid date for a central Indian power project by 2 months, as the coal mine for the venture is in an environmentally sensitive area, the power secretary said on Friday.

    Posted on 3 September 2010 | 12:51 pm

  25. FIIs pump in $2.5 bn in Indian stock market in August
  26. Maintaining their bullish stance for the third month in a row, global fund houses made a net investment of Rs 11,685 crore ($2.5 billion) in Indian equities in August.

    Posted on 3 September 2010 | 12:46 pm

  27. Reliance Cap buys 8.68% in Trent for Rs 21.2 cr
  28. Tata group firm Trent Ltd today said Anil Ambani-promoted Reliance Capital has bought 8.68 per cent stake in it for Rs 21.2 crore, marking ADA Group's entry into the retail sector.

    Posted on 3 September 2010 | 12:35 pm

  29. IEA exec says dependency on OPEC oil to rise
  30. Dependency on oil produced by OPEC countries is set to rise in the next 5-10 years as non-OPEC supplies are set to decline, Nobuo Tanaka, executive director of the International Energy Agency (IEA), said on Friday.

    Posted on 3 September 2010 | 12:26 pm

  31. Food inflation up at 10.86% in third week of Aug
  32. India's food and fuel inflation accelerated in the third week of August, maintaining pressure on the Reserve Bank of India (RBI) to tighten monetary policy.

    Posted on 3 September 2010 | 12:07 pm

  33. Daiichi Sankyo sees progress on Ranbaxy US ban
  34. Daiichi Sankyo, Japan's number 3 drugmaker, said on Friday it believes it has made progress towards ending a US ban on exports from Ranbaxy Laboratories' two plants in India.

    Posted on 3 September 2010 | 12:03 pm

  35. Ashok Leyland shares hit year high after Aug sales
  36. Ashok Leyland, the Hinduja Group flagship company, today surged over 2 per cent to hit a year high on BSE in early trade, a day after the bus maker reported robust vehicle sales for August.

    Posted on 3 September 2010 | 11:42 am

  37. Services PMI dips again in August but still robust
  38. Growth in India's service sector slowed for a second month in August after hitting a two-year peak in June, but businesses were more optimistic about the outlook, a survey showed on Friday.

    Posted on 3 September 2010 | 11:14 am

  39. ICC suspends Pak tainted trio provisionally
  40. In an unprecedented crackdown to restore the game's credibility, ICC today charged and suspended Pakistan's tainted trio of Salman Butt, Mohammad Asif and Mohammad Aamer under its anti-corruption code in the wake of the spot-fixing scandal.

    Posted on 3 September 2010 | 10:55 am

  41. Mittal's son joins Bharti
  42. After a swarm of daughters moved into companies controlled by their fathers think Godrej, Nadar, Reddy, Biyani, Chauhan, Piramal, TVS, et al the male heirs are stepping forward to claim their inheritance.

    Posted on 3 September 2010 | 12:25 am

  43. SAIL issue: DB quotes 80 paise fee
  44. Investment bankers have quoted less than a rupee as their fee to manage the around Rs 8,000-crore follow-on issue of Steel Authority of India Ltd (SAIL).

    Posted on 3 September 2010 | 12:22 am

  45. Cipla to buy 25% in S Africa unit
  46. Cipla, the largest player in the domestic drug market, could play white knight for Cipla Medpro, South Africas third-largest drugmaker and a key ally of the Indian company. Cipla is looking to acquire around 25 per cent in the manufacturing division of Cipla Medpro, where it does not hold any stake at present. The deal size could not be ascertained, but it will be the first overseas acquisition by 75-year-old Cipla in any pharmaceutical company.

    Posted on 3 September 2010 | 12:19 am

  47. Essar think-tank to drive retail vision
  48. The diversified steel-to-telecom Essar Group, with revenues of $15 billion, is readying to consolidate its retail initiatives under one roof to maximise synergies and explore new avenues of growth. To shape its plans, Essar is forming a centralised retail think-tank at a group level to strategise the conglomerates future course of action.

    Posted on 2 September 2010 | 12:15 am

  49. ED declines to interview for job of RBI dy governor
  50. The appointment of a deputy governor to the countrys central bank has always been surrounded by controversy. And this time is no exception. One of the Reserve Bank of India (RBI) executive directors, C Krishnan, who was called to an interview for the post, has declined to appear before the search committee.

    Posted on 2 September 2010 | 12:13 am

  51. DTC lightens evasion penalties
  52. While the tax burden for an average taxpayer will lighten marginally, for tax evaders the Direct Taxes Code (DTC) proposes to reduce penalties substantially. The DTC Bill, tabled in Parliament on Monday, proposes that anyone under-reporting their tax base would have to pay a maximum penalty of two times the tax sought to be evaded.

    Posted on 2 September 2010 | 12:12 am

  53. DTC lightens evasion penalties
  54. While the tax burden for an average taxpayer will lighten marginally, for tax evaders the Direct Taxes Code (DTC) proposes to reduce penalties substantially. The DTC Bill, tabled in Parliament on Monday, proposes that anyone under-reporting their tax base would have to pay a maximum penalty of two times the tax sought to be evaded.

    Posted on 2 September 2010 | 12:12 am

  55. Sentiment upbeat across sectors
  56. A day after the government released buoyant growth figures of 8.8 per cent, there was corroborating evidence on Wednesday that the India story was firmly on track. Automakers, for instance, posted robust sales for August over the same month last year. Maruti, which accounts for one out of every two cars sold in the country, said sales grew nearly 24 per cent.

    Posted on 2 September 2010 | 12:09 am

  57. Apex court to review Bhopal judgement
  58. The Supreme Court today decided to review its 1996 judgement in the Bhopal gas case, following which a local court had imposed a two-year jail sentence on Keshub Mahindra and six others who were executives of Union Carbide at the time of the tragedy. The apex court has issued notices to the accused and informed the attorney-general.

    Posted on 1 September 2010 | 12:43 am

  59. Apex court to review Bhopal judgement
  60. The Supreme Court today decided to review its 1996 judgement in the Bhopal gas case, following which a local court had imposed a two-year jail sentence on Keshub Mahindra and six others who were executives of Union Carbide at the time of the tragedy. The apex court has issued notices to the accused and informed the attorney-general.

    Posted on 1 September 2010 | 12:43 am

  61. SC order on grain: Will take steps, says Pawar
  62. The Supreme Court on Tuesday clarified that it was an order, not a suggestion, to the government to distribute free of cost foodgrain rotting in godowns. Tell your minister that distribution of rotting foodgrain was a part of our order and not just an observation, a two-judge bench of Justices Dalveer Bhandari and Deepak Verma told Additional Solicitor-General Mohan Parasaran, who represented the agriculture ministry.

    Posted on 1 September 2010 | 12:41 am

  63. SC order on grain: Will take steps, says Pawar
  64. The Supreme Court on Tuesday clarified that it was an order, not a suggestion, to the government to distribute free of cost foodgrain rotting in godowns. Tell your minister that distribution of rotting foodgrain was a part of our order and not just an observation, a two-judge bench of Justices Dalveer Bhandari and Deepak Verma told Additional Solicitor-General Mohan Parasaran, who represented the agriculture ministry.

    Posted on 1 September 2010 | 12:41 am

  65. Ambani duo in grab for power
  66. For the first time after settling their family dispute and withdrawing the non-compete clause in May, brothers Mukesh and Anil Ambani are again competing face-to-face, in a bid for the Rs 7,500-crore, 1,320-Mw thermal power project at Gulbarga in north Karnataka. This is the first time that Mukesh's Reliance Industries Ltd (RIL) has sought to set up a non-captive, mega power plant in the country.

    Posted on 1 September 2010 | 12:38 am

  67. Q1 growth climbs to 8.8% on back of manufacturing
  68. Led by strong manufacturing and services growth, the economy expanded 8.8 per cent in the quarter ended June the fastest pace in nine quarters. Though the performance of the agriculture sector was subdued during the quarter, both the government and economists expect it to pick up in the coming quarters as kharif sowing has been healthy after good monsoons.

    Posted on 1 September 2010 | 12:37 am

  69. Q1 growth climbs to 8.8% on back of manufacturing
  70. Led by strong manufacturing and services growth, the economy expanded 8.8 per cent in the quarter ended June the fastest pace in nine quarters. Though the performance of the agriculture sector was subdued during the quarter, both the government and economists expect it to pick up in the coming quarters as kharif sowing has been healthy after good monsoons.

    Posted on 1 September 2010 | 12:37 am

  71. Mukesh checks into EIH with a 14.2% stake
  72. In a surprise move in the ongoing battle for control of East India Hotels (EIH) and its flagship Oberoi properties, Reliance Industries Ltd (RIL) on Monday picked up 14.2 per cent stake in the hotels major.

    Posted on 31 August 2010 | 12:20 am

  73. Tax code only from 2012
  74. Levies up for women taxpayers, investors in Ulips and SEZ developers.

    Posted on 31 August 2010 | 12:16 am

  75. Tax code only from 2012
  76. Levies up for women taxpayers, investors in Ulips and SEZ developers.

    Posted on 31 August 2010 | 12:16 am

  77. Sesa Goa plans Rs 9k-cr steel foray
  78. Iron-ore mining company Sesa Goa has finalised a blueprint to diversify into steelmaking with an investment of Rs 6,000-9,000 crore, in Orissa and Jharkand. The move is significant as the company is already under fire from shareholders for announcing a public offer to buy up to 20 per cent stake in Cairn India.

    Posted on 30 August 2010 | 12:32 am

  79. Navy torpedoes Indian private shipyards' role in new project
  80. This is the first of a four-part special series on the countrys critical, yet significantly delayed, submarine development programme.

    Posted on 30 August 2010 | 12:31 am

  81. Navy torpedoes Indian private shipyards' role in new project
  82. This is the first of a four-part special series on the countrys critical, yet significantly delayed, submarine development programme.

    Posted on 30 August 2010 | 12:31 am

  83. Cancer drugs may become cheaper after govt study
  84. NPPAs price analysis findings could result in a mechanism to check the cost of medicines.

    Posted on 30 August 2010 | 12:28 am

  85. Cancer drugs may become cheaper after govt study
  86. NPPAs price analysis findings could result in a mechanism to check the cost of medicines.

    Posted on 30 August 2010 | 12:28 am

  87. Sail through Mumbai traffic in 45 minutes flat!
  88. Forget the traffic snarls or the crowded local trains. Mumbaikars staying at Borivali could take the waterway and reach Nariman Point in 45 minutes flat while enjoying the Arabian Sea breeze.

    Posted on 29 August 2010 | 12:24 am

  89. Sail through Mumbai traffic in 45 minutes flat!
  90. Forget the traffic snarls or the crowded local trains. Mumbaikars staying at Borivali could take the waterway and reach Nariman Point in 45 minutes flat while enjoying the Arabian Sea breeze.

    Posted on 29 August 2010 | 12:24 am

  91. Navi Mumbai airport may take off
  92. There is a fresh ray of hope for the new airport at Panvel in Navi Mumbai, with the environment and civil aviation ministries attempting to bridge their differences over the project.

    Posted on 28 August 2010 | 12:53 am

  93. Navi Mumbai airport may take off
  94. There is a fresh ray of hope for the new airport at Panvel in Navi Mumbai, with the environment and civil aviation ministries attempting to bridge their differences over the project.

    Posted on 28 August 2010 | 12:53 am

  95. Corus inks draft Teesside sale
  96. After months of negotiations, Tata Steel-owned Corus has tentatively agreed to sell the beleaguered Teesside Cast Products (TCP) plant to Thailand's Sahaviriya Steel Industries (SSI) for a price of 320 million (Rs 2,325 crore).

    Posted on 28 August 2010 | 12:51 am

  97. Sebi authorises mobile trades
  98. Gives the green signal to smart order routing.

    Posted on 28 August 2010 | 12:48 am

  99. Govt offers a way out for private suppliers
  100. As key world capitals scrutinise the Nuclear Liability Bill, passed by the Lok Sabha on Wednesday, for word on how the new legislation would affect potential civil nuclear agreements with India, a senior Union minister has said that private suppliers could still sign agreements with the Nuclear Power Corporation of India (NPCIL) clearly stating that their responsibility ended with the handover of equipment and other material to the operator.

    Posted on 27 August 2010 | 12:23 am

  101. Cabinet clears Direct Taxes Code with some relief
  102. Bill is scheduled to be tabled in Parliament on Monday.

    Posted on 27 August 2010 | 12:22 am

  103. Lok Sabha nod for Nuclear Liability Bill
  104. The UPA government today successfully shepherded the Civil Liability for Nuclear Damage Bill, 2010, through the Lok Sabha, with active support from the BJP and strategic absence of some fence-sitters such as the Samajwadi Party.

    Posted on 26 August 2010 | 12:23 am

  105. Ramesh axes Vedanta bauxite project
  106. In a setback to its plans, metals and mining major Vedanta Resources today failed to get environmental clearance for its $1.7-billion (Rs 7,820-crore) bauxite mining project in the Niyamgiri hills of Orissa.The ministry of Environment and Forests rejected Stage-II forest clearance for the project in Lanjigarh, Kalahandi and Rayagada districts.

    Posted on 25 August 2010 | 12:20 am

  107. Industry against supplier liability
  108. India Inc today expressed deep reservations over the supplier liability provision the contentious Clause 17(b) in the Civil Liability for Nuclear Damages Bill, 2010, saying it would seriously hinder nuclear commerce.

    Posted on 25 August 2010 | 12:20 am

  109. Global fears prompt more sops
  110. But fiscal constraints limit Sharmas largesse to Rs 1,000 crore.

    Posted on 24 August 2010 | 12:04 am

  111. Russia says no to supplier liability
  112. Even as political acrimony over the Nuclear Liability Bill rages in and outside Parliament, Indias old-time friend Russia has clearly told the Indian establishment that it will not accept any liability for the supply of equipment and other material to help India build its nuclear power plants, either in the present or future.

    Posted on 24 August 2010 | 12:01 am

  113. Green nod on hold for Ratnagiri, Sindhudurg
  114. The ministry of environment and forests, headed by Jairam Ramesh, has put on hold till December 16 environmental clearance for industrial projects across various sectors in the coastal Ratnagiri and Sindhudurg districts of Maharashtra. In view of the moratorium, which was put in place on August 16, projects in the fields of power, mining, chemical and petrochemicals, fertiliser, steel, processing, oil and gas transportation pipeline and 11 other sectors will have to wait till December 16 for the clearance.

    Posted on 22 August 2010 | 12:13 am

  115. WikiLeaks founder Assange absolved of rape charges
  116. Julian Assange, founder of the WikiLeaks website that published thousands of secret US military reports from Afghanistan, described the criminal charges brought against him in Sweden as deeply disturbing.

    Posted on 22 August 2010 | 12:11 am

  117. Higher tax-free perks placate agitating MPs
  118. Using the stoppage of the Civil Liability for Nuclear Damage Bill as a threat, several allies of the United Progressive Alliance including the Rashtriya Janata Dal (RJD), acting in unison with the Opposition, have managed another salary raise for Members of Parliament (MPs).

    Posted on 22 August 2010 | 12:08 am

  119. Cabinet nod trebles salaries for MPs
  120. Members of Parliament will now earn around Rs 1.02 lakh a month after the Union Cabinet today gave its consent to a Bill that enhances their salaries and allowances by over 200 per cent. Daily allowances and pensions have also been hiked.

    Posted on 21 August 2010 | 12:48 am