India

  • Jumbo Chinese onions to ease crisis?
    Mumbai, January 15 (Agencies): The last of the imported stocks of onions, this time from China, arrived at the APMC wholesale market in Vashi on Friday. The Chinese onions are high grade and double the size of normal Indian onions.The director of onion-potato section of APMC, Ashok Valunj, said: ‘’A shipping container with 11 tonnes of imported onions of China arrived today from Nhava Sheva. We will not be getting any more imports from Pakistan or China now, as the fresh fa
  • Citibank working on ‘’fair compensation’’
    Mumbai, January 15 (agencies): Citibank, one of whose Gurgaon branch employees is accused of a Rs 400-crore fraud, said that it is working towards providing a ‘fair compensation’ to its affected customers. The bank has been in touch with its impacted customers and is fully committed to safeguarding their legitimate interests, it said in a statement.“As we have stated earlier, we identified suspicious transactions at our Gurgaon Branch in early December and immediately
  • Where to Trade and earn in any Market condition
    What is Nifty ?a. Nifty (S&P CNX Nifty) is the Index of Indian share market on NSE (National Stock exchange) like Sensex on BSE (Bombay Stock Exchange)b. Trading is done on Nifty contract which is also called as Nifty future derivative. Nifty derivative movement is based on Nifty index. In stock market language it is called as “underlying of Nifty future contract is S&P CNX NIFTY Index.”c. Nifty Lot Size - Nifty derivative consist of a lot of 50 quantities of Nifty.
  • We cannot allow the Republic killing its own children: Supreme Court
    New Delhi, January 14 (PTI): Observing that it cannot allow the Republic to kill its “own children”, the Supreme Court on Friday sought an “anwser” from the Centre and Andhra Pradesh government on the killings of top Maoist leader Azad and journalist Hemchandra Pandey in an alleged fake encounter. “We cannot allow the Republic killing its own children,” a bench of Justices Aftab Alam and R.M. Lodha said.The court made the observation while issuing no
  • Govt. contemplating reduction of security forces in Jammu & Kashmir
    New Delhi, January 14 (PTI): As part of confidence building measures meant to reach out to the people in the State, the government on Friday said it was contemplating a reduction in the strength of security forces in Jammu & Kashmir by nearly 25%. Union Home Secretary G. K. Pillai said that India was planning to unilaterally issue six-month multiple entry permits for people of Pakistan-occupied-Kashmir (PoK) wanting to visit Jammu & Kashmir through the Line of Control (LoC).
  • India, China can’t afford conflicted ties: Rao
    Singapore, January 14 (PTI): Seeking “more convergence and common ground” in Sino-India ties, Foreign Secretary Nirupama Rao has said “a conflicted or contest-ridden” relationship cannot help the two countries, which should engage in a transparent dialogue to ensure peace and stability in the region. “It is a truism that between two such large countries such as ours, relations will be complex and with continuing areas of divergence. The challenge remains t
  • Centre seeks explanation from UP on Rahul’s ‘security breach’
    New Delhi, January 14 (PTI): The Centre has taken up with the Uttar Pradesh government the issue of “security breach” during Congress leader Rahul Gandhi’s recent visit to Allahabad and asked it to explain the reasons behind such incidents occurring very often in the state. The Central government has written to the Uttar Pradesh government, asking it to send a report on the incident which took place on Monday when activists of Samajwadi Party’s youth wing tried
  • ‘Netas giving away onions for Rs 5’
    Mumbai, January 14 (agencies): Where do you think you will get the cheapest onions? Shiv Sena shakhas, MNS stalls, or Akhil Bharatiya Sena’s offices? Well, selling the vegetable at Rs 5 for a kg, the latter takes the cake, that is, if you discount MNS MLAs giving it away for free. The vegetable that has toppled governments and brought public outrage on the streets will be sold at the deflated price at the NM Joshi Marg office of Arun Gawli-led Akhil Bharatiya Sena this Sunday.As
  • Aircel-Facebook JV for voice-based updates
    New Delhi, January 14 (Agencies): Aircel subscribers can now update their status messages on popular social networking site Facebook using their voice. Facebook Voice Updates on Aircel lets people connect to their friends on Facebook in their own voice without internet access on their mobile phones, which makes it an easy access for a large audience anytime anywhere, Aircel said in a statement.“Convergence is the way forward as it opens a world of possibilities. Facebook Voice Up
  • HDFC is India’s most popular bank for 2010
    NEW Delhi, January 14 (PTI): Private sector lender HDFC Bank has emerged as the country’s most popular bank for the year 2010 in terms of online visits, while India’s largest bank State Bank of India bagged the fourth position, says a BankingOnly.com report. According to a study by Indian banking information portal — BankingOnly.com — HDFC Bank attracted 4,17,360 online visitors per day to become the most popular bank of India this year.The popularity of a bank
  • Anil Ambani barred from stock market investment
    Mumbai, January 14 (Agencies): Anil Ambani and four board members of Reliance Natural Resources Limited (RNRL) have been barred by the Securities and Exchange Board of India from investing in the stock market till December 2011. The four board members who have been banned along with Group Chairman Anil Ambani are Satish Seth, Lalit Jalan, SC Gupta and JP Chalsani. In its order passed on Friday, the SEBI also banned two Anil Ambani group companies, RNRL and Reliance Infrastructure, from
  • Maruti Kizashi set to be launched
    NEW DELHI, january 14 (Agencies): Gearing up to intensify its play in luxury segment, car market leader Maruti Suzuki India will be launching its sedan Kizashi on the second of next month. The vehicle, to be imported fully from parent Suzuki’s facility in Japan, will be positioned between likes of Honda Accord and Toyota Camry at the upper end and Honda Civic, Volkswagen Jetta and Toyota Corolla at lower end. These cars are priced around Rs 12 lakh to Rs 20 lakh.“This (Kiza
  • India to become global hub for Volvo Buses
    BANGALORE, January 14 (Agencies): Over the next few years India will emerge as a global hub for Swedish company Volvo Bus Corporation. The company has laid plans to develop four regions in the world -- India, China, Poland and Mexico as regional hubs for exports and product development. India will cater to the South Asian markets as well as some other developing regions like South Africa.For this, Volvo will invest Rs 200 crore over the next 2-3 years at its manufacturing unit in Hosko
  • RIM says no access to enterprise mail
    New Delhi, January 13 (PTI): BlackBerry on Thursday said it has provided a solution for legally intercepting messenger and internet and email services, but denied such access on BlackBerry Enterprise Server, saying the company has “no ability to provide its customers’ encryption key.” “The company has now delivered a solution that enables India’s wireless carriers to address their lawful access requirements for our consumer messaging services, which includ
  • Developing nations driving global growth: World Bank
    WASHINGTON, January 13 (Agencies): Led by India and other developing countries, the world economy is moving on from a post-crisis bounce-back phase of recovery to slower but still solid growth this year and the next, according to the World Bank. Global GDP, which expanded by 3.9 percent in 2010, is expected to slow to 3.3 percent in 2011, the World Bank’s Global Economic Prospects 2011 released Thursday said. Developing countries face three main short-term risks-tensions in finan
  • Ambanis seek ‘trading scam’ settlement
    New Delhi, January 13 (Agencies): In what could be a coincidence, the two Ambani groups have separately approached SEBI for settlement of probes by the regulator in two separate cases of alleged violation of trading regulations. A settlement order is likely to be passed soon by Sebi in its probe related to Anil Ambani group firms, Reliance Infrastructure and erstwhile RNRL (which has now merged with Reliance Power), sources said. When contacted, an Anil Ambani group spokesperson declin
  • Government to ban exports of wheat products: report
    New Delhi, January 13 (Reuters): The government may ban wheat product exports in a series of measures to tame spiralling food prices that have fuelled rapid inflation and increased pressure on an embattled ruling Congress party, local media said. India currently allows upto 650,000 tonnes of wheat product exports until March 31. Prime Minister Manmohan Singh is expected to announce measures including banning the export of wheat products and removing essential commodities from the futur
  • Food inflation falls; vegetables still costly
    NEW Delhi, January 13 (PTI): Snapping the five week rising trend, food inflation softened to 16.91% for the week ended January 1, 2011, although vegetables, onions and protein-based items continued to remained costly. Food inflation fell by 1.41 percentage points from 18.32% recorded in the previous reporting week. Even as the index of food inflation showed a meagre decline, vegetable prices soared by 70.73% on an annual basis in the wholesale market, official data showed.Also onions c
  • India summons Sri Lankan HC on fisherman killing
    New Delhi, January 13 (PTI): India on Thursday summoned Sri Lankan High Commissioner Prasad Kariyawasam to lodge a strong protest over the killing of a fisherman by Sri Lankan Navy, asserting that such incidents have no “justification” and calling on authorities there to “desist” from use of force. However, the Sri Lankan envoy denied involvement of his country’s Navy in the killing of the fisherman on Wednesday.Meanwhile, External Affairs Minister S.M. Kr
  • PM’s panel recommends cheap food for poor
    New Delhi, January 13 (Agencies): Prime Minister’s expert committee on National Food Security Bill today recommended that the assured delivery of wheat at Rs 2/kg and rice at Rs 3/kg could be given only to poor and expressed difficulty in accommodating category in view of projected food availability. In contrast, National Advisory Council (NAC), headed by UPA Chairperson Sonia Gandhi, had recommended legal entitlement to subsidised foodgrains to both ‘priority’ and &#