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India

10 crores for Dabwali fire victims, says Supreme Court

by india-news-reporter March 15, 2010 India

It was one of India’s worst fires. More than 400 people, most of them women and children, were burnt alive in a tent set up for a school function in Haryana. 15 years later, the Supreme Court has asked the school to pay 10 crores as compensation to families of the victims

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India’s interceptor missile test fails

by india-news-reporter March 15, 2010 India

India’s new Advanced Air Defence (AAD) interceptor missile, capable of destroying hostile missiles, on Monday encountered a coordination problem and failed to take off during a planned launch from the Integrated Test Range at Wheeler Island off Orissa coast.

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Facebook to set up centre in Hyderabad

by india-news-reporter March 15, 2010 India

Social networking site Facebook announced on Monday that it will set up its office in Hyderabad to support the growing number of users, advertisers and developers in India and globally.

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India close to taking coal from ARA Europe stocks

by reporter March 15, 2010 Europe

Coal glutted Europe is close to shipping surplus material for the first time from Netherlands stockpiles to India, where import demand is booming, European and Indian traders said. European firms sitting on unwanted coal of all origins are striving to shift it to India and Indian buyers are aware of an emerging arbitrage opportunity.

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Sebi banks on fund houses to improve corporate governance

by reporter March 15, 2010 Finance

In a move that should give a fillip to shareholder activism and improve corporate governance in listed companies, the Securities and Exchange Board of India (Sebi) today asked mutual funds (MFs) to disclose some of their general procedures, such as proxy voting, in investee companies.

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Vegetable oil imports fall marginally in February

by reporter March 15, 2010 Finance

Indias vegetable oil imports fell for the second consecutive month in February, following excessive imports during the first quarter of the year (November-January) and larger stock at the ports and pipe lines.

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RBI tells banks to disclose more informatiom on NPAs

by reporter March 15, 2010 Finance

The Reserve bank of India (RBI) has asked banks to reveal more information on their market operations, including data related to top 20 depositors, 20 largest borrowers, exposure to four largest non-performing accounts and special purpose vehicles sponsored by them, for the current fiscal.

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Avoid risk in financial inclusion aim, Gokarn tells banks

by reporter March 15, 2010 Finance

Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Monday said it needs to be ensured that banks do not take undue risks to meet the aimed financial inclusion.

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Current quarter sees record fund-raising through IPOs/FPOs

by reporter March 15, 2010 Finance

The current quarter is set to do down in the history of Indias capital markets for the highest ever amount of over Rs 26,000 crore being raised through initial and follow-on public offers.

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Irda, Sebi look to resolve Ulip row

by reporter March 15, 2010 Finance

Market regulator the Securities & Exchange Board of India (Sebi) and the Insurance Regulatory & Development Authority (Irda) have started talks to iron out differences over the regulation of unit-linked insurance plans (Ulips).

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Bengal finances in poor state, says RBI report

by reporter March 15, 2010 Finance

West Bengal has fared poorly in most parameters in state-wise comparison of finances by the Reserve Bank of India, even though some of the ‘backward’ states have showed improvement in their financial performance.

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Rajeev Malik: Time to press the policy rate button

by reporter March 15, 2010 Finance

Two trends are becoming amply clear since the third quarter policy review by the Reserve Bank of India (RBI) in January. One, the economic growth upturn is becoming stronger and more broad-based.

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INTERVIEW – Indian Mujahideen behind Pune bombing

by india-news-reporter March 15, 2010 India

NEW DELHI (Reuters) – A bombing that killed 16 people in Pune last month was carried out by Indian Mujahideen, the home-grown Islamist group with links to militants in Pakistan, Home Secretary Gopal Pillai said on Monday.

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Russia offers India uranium field stake – agencies

by india-news-reporter March 15, 2010 India

MOSCOW (Reuters) – Russia offered India a stake in one of the world’s largest uranium fields during Prime Minister Vladimir Putin’s visit last week, Russian news agencies quoted the head of the state nuclear company as saying.

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SAIL eyes Rs 43,000 cr sales in 2010-11

by reporter March 15, 2010 Business News

Steel Authority of India (SAIL), the country’s second-biggest producer, expects to mop up Rs 43,000 crore from the sales of its products on rising demand.

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