Eyeing English Readers, Best-selling Foreign Authors Head to India

New Delhi, Oct 22 – Indian readers of contemporary English fiction are reaping a rich harvest as top British and American authors head to India to promote their books. Best-selling names Ken Follet, Peter James and Wilbur Smith are the latest to chart out trips to the country. India has one of the biggest English [...]

Bihar Polls: 104 Multi-millionaires, 219 Criminals in Next Two Rounds

Patna, Oct 22 – Against only 36 multi-millionaires in the last assembly elections, there are over 100 multi-millionaires in the second and third phases of the ongoing Bihar polls, a report by two NGOs has said. It adds that 219 candidates have criminal records. The Association of Democratic Reforms and the National Election Watch said [...]

Warm Day in Delhi, But Rains Expected

New Delhi, Oct 22 – It would be a warm day again in Delhi, the weather office said Friday but also held out the possibility of rains. ‘Skies will be partly cloudy with possibility of light rainfall or thundershower in the afternoon or evening (Friday). The humidity may rise again if it rains,’ said an [...]

Wipro Projects $1.33 Bn From IT Business in Q3

Bangalore, Oct 22 – Wipro Ltd Friday projected $1.33 billion from its global IT services business in the third quarter (October-December) of fiscal 2010-11. In a regulatory filing, the IT bellwether said Q3 guidance would be in the range of $1.32-1.34 billion, which is $65 million higher than its projection of $1.25-1.28 billion for the [...]

Congress Hopes Minorities Will Turn the Tide in Bihar

New Delhi, Oct 22 – Desperate to erase the shame of having won only nine seats in 2005, the Congress hopes its fortunes in Bihar will improve this time because it has fielded more Muslim candidates and also tried to expand the party’s social base. Congress leaders said Muslim candidates were contesting in about 50 [...]

Wipro Net Up 10 Percent in Second Quarter

Bangalore, Oct 22 – Wipro Ltd Friday posted a net profit of Rs.1,285 crore (Rs.12.85 billion) for second quarter (July-Sep) of this fiscal 2010-11, registering an increase of 10 percent year-on-year (YoY). In a regulatory filing, the IT bellwether said its total revenue for the quarter under review was Rs.7,731 crore (Rs.77.31 billion), an increase [...]

Environment Ministry Stops Vedanta’s Refinery Expansion in Orissa

New Delhi, Oct 21 – The environment ministry Thursday decided to stall the six-fold expansion of London-based Vedanta’s aluminium refinery and captive power plant in Orissa citing violation of environment laws and asked the state government to take legal action against the company. The ministry had issued show cause notice to the company under the [...]

IRDA Bans Universal Life Products

Chennai, Oct 21 – In yet another policy holder-friendly move, the Insurance Regulatory and Development Authority (IRDA) Thursday banned the sale of universal life products from Oct 22, 2010. The universal life product is a mix of unit linked insurance and traditional policies. Unlike unit linked insurance policy (ULIP) the fund value is not declared. [...]

Rahul Gandhi is a Leader After Jayaprakash Narayan: Congress

New Delhi, Oct 21 – The Congress Thursday drew a subtle parallel between late socialist leader Jayaprakash Narayan and Rahul Gandhi, saying the party general secretary has in the former’s fashion focused on the youth to address their needs, concerns and future. ‘There is an undercurrent for the Congress in Bihar. After J.P. Narayan, Rahul [...]

Provide Records to Probe Agencies, Delhi Officials Told

New Delhi, Oct 21 – The Delhi government Thursday directed its officials and those of the Municipal Corporation of Delhi (MCD) and New Delhi Municipal Council (NDMC) to provide records to agencies probing alleged widespread corruption in the Oct 3-14 Commonwealth Games. ‘The officials were asked to give their records,’ Delhi Chief Secretary Rakesh Mehta [...]

BJP Poser to Government on ‘rejected’ Foodgrain

New Delhi, Oct 21 – The Bharatiya Janata Party (BJP) Thursday asked the government whether the tonnes of foodgrain found unsuitable for use in laboratory tests were being supplied to the poor. According to BJP secretary Kirit Somaiya, Food Corporation of India’s (FCI) Institute of Food Security in Gurgaon had informed him in a Right [...]

Life Insurance Had a Great Fall in September

Chennai, Oct 21 – The domestic life insurance industry had a great fall in new business in September in the wake of new regulations governing unit-linked insurance policy (ULIP) that kicked in Sep 1. Last month, the 23 life insurers earned a total new business premium of Rs.9,612.74 crore as against Rs.18,500.53 crore earned in [...]

Delhi Power Firms Post Rs.36 Crore Dividend

New Delhi, Oct 21 – Delhi Chief Minister Sheila Dikshit was Thursday presented dividend cheques of Rs.36 crore by the two city government-owned power companies. ‘The cheques were presented by Chief Secretary Rakesh Mehta, who is also the principal secretary of the power department and CMD of the power companies,’ an official said. Of the [...]

Akali Dal Legislator Says Government Harassing Him

Chandigarh, Oct 21 – Shiromani Akali Dal legislator Manjinder Singh Kang Thursday accused his party of harassing him and pressuring him to stop supporting former finance minister Manpreet Singh Badal. Manpreet was sacked from the Punjab cabinet last week and expelled from the party Wednesday after his statements on doing away with subsidies and debt [...]

France Invites Indian Investment

Mumbai, Oct 21 – France seeks more Indian investment, a senior French diplomat said Thursday. Speaking at a seminar on ‘Investment Opportunities in France’, Consul General Francois Pujolas said: ‘When France sees India, we do not see business, we see a partner. It is a partnership that is global and balanced.’ Organised by Confederation of [...]

Shipping Corporation Adds Another Vessel to its Fleet

Mumbai, Oct 21 – The Shipping Corporation of India Ltd (SCI) Thursday took delivery of a Large Range-I (LR-I) product tanker, taking its fleet strength to 76, an official said. M.T. Swarna Kaveri is the last of SCI’s six LR-Is ordered from South Korea’s STX Shipyard. ‘Orders for these vessels were placed in October 2006. [...]

Kashmir Interlocutors Can be Replaced

Jammu, Oct 21 – The three interlocutors on Jammu and Kashir can be replaced if they fail to hold a dialogue with the stakeholders in Jammu and Kashmir, according to a highly placed source. In the light of adverse reaction in Jammu and Kashmir, the central government has got an impression that the interlocutors were [...]

Delhi Government Weakening MCD: Mayor

New Delhi, Oct 21 – The Delhi government’s move to take over roads on Delhi’s outskirts is aimed at making the Municipal Corporation of Delhi (MCD) powerless and weak, Mayor Prithvi Raj Sawhney said Thursday. Public Works Minister Raj Kumar Chauhan said the government was considering a proposal to take charge of the roads on [...]

Kashmiri Hindus Protest Against Geelani, Arundhati At Seminar

New Delhi, Oct 21 – Some Kashmiri Hindu activists created a disturbance as they tried to prevent hardline separatist leader Syed Ali Geelani and author-activist Arundhati Roy from speaking at a seminar here Thursday. Police, that was already deployed at the seminar venue – LTG Auditorium, whisked away the activists of Panun Kashmir, who were [...]

Court Refuses to Lift Ban on Sand Mining

Mumbai, Oct 21 – The Maharashtra government suffered a setback Thursday when the Bombay High Court refused to lift a ban on sand mining in the state – a day after the ruling Democratic Front proposed a draft policy on the issue. A division bench of Justice B.H. Marlapalle and Justice U.D. Salvi refused to [...]

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