ED seeks contempt proceedings against Sahara chief
Posted Date : 06-May-2011 , 07:49:01 am | Posted By CASANSAAR
The Enforcement Directorate on Friday moved the Indian apex court seeking initiation of contempt of court proceedings against multi-business conglomerate Sahara group CMD Subrato Roy for allegedly interfering into the investigation of the 2G spectrum scam.The petition filed by the ED investigatin...
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CBI arrests Chief Parliamentary Secretary, Punjab and an official of Registrar, Firms & Societies, Punjab in a bribery case
Posted Date : 05-May-2011 , 08:52:17 pm | Posted By CASANSAAR
CBI has registered a case U/S 8 of Prevention of Corruption Act against an official of Registrar, Firms & Societies, Punjab on the basis of a complaint received from Secretary of an Association alleging demand of bribe of Rs.1.5 crore by the official, of Registrar, Firms & Societies, Punjab,...
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Govt mulling Rs 3/ltr diesel rate hike after Assembly polls
Posted Date : 04-May-2011 , 09:08:52 am | Posted By CASANSAAR
The government plans to hike diesel prices by up to Rs 3 a litre soon after the Assembly elections in five states are over next week, while an equivalent steep increase in petrol rates is also on card."An Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee is scheduled to...
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Country's exports went up by 37.55 %
Posted Date : 02-May-2011 , 09:19:48 pm | Posted By CASANSAAR
The country's exports went up by an impressive 37.55 per cent to 245.86 billion US Dollars during the last financial year 2010-11. An official press release said that demand for Indian merchandise increased not just in Western economies, but in new markets like Latin America and Africa as well. Acco...
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SC adjourns Sahara case, allows more time to file documents
Posted Date : 02-May-2011 , 10:32:47 am | Posted By CASANSAAR
The Supreme Court today adjourned the hearing of the petition filed by the Sahara Group against the orders of the Allahabad High Court which necessitated the company to share full details of investors participating in its fund raising exercise with the market regulator SEBI.A three judges bench head...
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Al-Qaeda leader Bin Laden 'dead'
Posted Date : 01-May-2011 , 10:10:55 pm | Posted By CASANSAAR
Al-Qaeda founder and leader Osama Bin Laden is dead, according to US media reports citing officials.
The US is in possession of Bin Laden's body, the reports say. President Barack Obama is due to make a statement shortly.
Mr Bin Laden is top of the US most wanted list.
He is accused of being behi...
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KV Kamath is new Infosys chairman
Posted Date : 30-Apr-2011 , 08:13:50 am | Posted By CASANSAAR
It's the end of an era for Infosys. 30 years from its inception, founder and chief mentor Narayana Murthy will step down in August 2011 giving way to KV Kamath, the current non-executive Chairman of ICICI Bank. Kamath as been an independent director on the Infosys board since May 2009.
The ...
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Gold climbs to new high of Rs 23,175/10 gram
Posted Date : 30-Apr-2011 , 06:17:58 am | Posted By CASANSAAR
Gold prices surged to a new peak and crossed the Rs 23,000 mark in the national capital today on sustained buying by speculators, triggered by a strong rally in overseas markets. Silver, however, dropped due to reduced offtake.The yellow gold spurted by Rs 655 to all-time high of Rs 23,175 per 10 gr...
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Delhi govt to rein in placement agencies
Posted Date : 28-Apr-2011 , 09:25:12 pm | Posted By CASANSAAR
Delhi government today decided to rein in placement agencies across the city and put an end to the "dubious modus operandi" of some of them after it emerged that owner of one such agency was allegedly involved in kidnapping an 18-month old baby to make a fast buck.
The government also...
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Air India pilots still on strike, over 50 Air India flights cancelled
Posted Date : 28-Apr-2011 , 08:58:59 pm | Posted By CASANSAAR
With the Air India pilots” strike entering its second day on Thursday, over fifty flights were cancelled while several others were delayed.
In Delhi, 33 domestic flights were cancelled, as the airline management decided to operate only those flights for which cabin crew as well as ade...
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PAC meeting on 2G scam remains inconclusive; 11 of 21 members reject draft report
Posted Date : 28-Apr-2011 , 11:02:01 am | Posted By CASANSAAR
The Public Accounts Committee meeting on Thursday remained inconclusive. Eleven out of 21 members of the Committee rejected the draft report on 2-G scam prepared by the Chairman of the Committee Dr. Murli Manohar Joshi.
The Committee was scheduled to submit its report by Saturday. Dr. M M J...
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Wipro's Azim Premji concerned over various scandals
Posted Date : 28-Apr-2011 , 10:47:41 am | Posted By CASANSAAR
IT czar Azim Premji today expressed concern over various scandals that have surfaced in the country during the last one year and said good leadership in politics, bureaucracy, business and society would help end corruption in India.
"In the last one year we witnessed the Telecom scandal, CWG and me...
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US seeks changes in India's DTH satellite policy
Posted Date : 27-Apr-2011 , 11:11:26 am | Posted By CASANSAAR
The US has said it will "encourage" India to change its policies which give exclusive rights to the Indian Space Research Organisation (ISRO) for selling the satellite capacity to the lucrative direct-to-home television market.In a report, the US Trade Representative (USTR) raised concerns over Indi...
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Wipro to hike wages by 12-15 pc for staff in India
Posted Date : 27-Apr-2011 , 11:10:25 am | Posted By CASANSAAR
The country's third largest software exporter Wipro today said it will hike salaries for its employees in India by 12-15 per cent as it looks to counter high attrition.The wage hike, effective June 1, will be to the tune of 2-4 per cent for onsite staff (at the customer site).Announcing Q4 201...
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Obama seeks to end tax subsidies for oil companies
Posted Date : 27-Apr-2011 , 05:44:26 am | Posted By CASANSAAR
US President Barack Obama on Tuesday urged Congressional leadership to take immediate action to eliminate unwarranted tax breaks for the oil and gas industry and to use those dollars to invest in clean energy and reduce America's dependence on foreign oil.Obama shot off a letter to the Congressional...
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Delhi, Mumbai airport development fee without
Posted Date : 26-Apr-2011 , 09:12:49 pm | Posted By CASANSAAR
The levy and collection of development fees (DF) from airline passengers in Delhi and Mumbai by the private operators of these airports is illegal, the Supreme Court said today.
The court barred the Mumbai airport operator — Mumbai International Airport Limited (MIAL) — ...
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CWG scam: Suresh Kalmadi arrested by CBI
Posted Date : 25-Apr-2011 , 08:26:58 am | Posted By CASANSAAR
Suresh Kalmadi, sacked CWG organising committee chief, was today arrested by the CBI over alleged irregularities in the conduct of the sporting extravaganza, ending months of speculation.Official sources said 67-year-old Kalmadi, who was called to the agency's new swanky headquarters for questioning...
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Sri Sathya Sai Baba dies in Puttaparthi
Posted Date : 23-Apr-2011 , 11:58:38 pm | Posted By CASANSAAR
Spiritual leader Sri Sathya Sai Baba died at the Sathya Sai super speciality hospital at Puttaparthi in Andhra Pradesh's Anantapur district today. The 84-year-old was admitted to hospital on March 28 with breathing and heart problems. Early on Thursday morning, doctors had said his condition wa...
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Govt cannot ban exports with retrospective effect
Posted Date : 20-Apr-2011 , 11:16:48 am | Posted By CASANSAAR
In a significant order, the Bombay High Court has held that the Union Government cannot ban exports of any product with retrospective effect, while allowing a private company to go ahead with exports of milk powder.It also said that such restriction cannot be applied to concluded contracts where let...
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2G case: Five corporate honchos arrested, sent to Tihar Jail
Posted Date : 20-Apr-2011 , 06:36:05 am | Posted By CASANSAAR
Five corporate executives, named as accused by the Central Bureau of Investigation in the 2G scam, were today arrested and taken to Tihar Jail after a Delhi court rejected their bail pleas, saying the agency’s apprehensions that they may tamper with evidence and influence witnesses cannot be r...
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2G scam: DB Realty, Unitech, Reliance Comm fall as court rejects bail pleas
Posted Date : 20-Apr-2011 , 06:31:09 am | Posted By CASANSAAR
A Delhi court on Wednesday rejected the bail plea of five corporate honchos including promoter of Etisalat DB, Sanjay Chandra, in connection with the 2G spectrum case.
The order came on the bail applications of Swan Telecom Director Vinod Goenka, Unitech MD Sanjay Chandra, and three top officials o...
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Indian companies get a 15-% net return on employees: PwC report news
Posted Date : 19-Apr-2011 , 08:42:40 am | Posted By CASANSAAR
Indian firms on an average make a net profit of Rs15 on every Rs100 spent on an employee while they make a gross profit of Rs25 on each Rs100 earned by an employee, according to a report by Pricewaterhouse Cooper's (PwC).
The PwC report, which tries to measure the effectiveness of human cap...
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Mohandas Pai to step down from Infosys, wants new leadership
Posted Date : 16-Apr-2011 , 12:05:03 pm | Posted By CASANSAAR
India's second largest IT company Infosys today announced its board member and HR Director Mohandas Pai, who was once tipped to be the Chief Operating Officer, will step down in June this year.
Pai said he was demitting office to provide an opportunity to a new set of people to lead the firm and br...
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Law Ministry to ensure no case remains pending beyond three years: Moily
Posted Date : 16-Apr-2011 , 12:01:17 pm | Posted By CASANSAAR
Union Law and Justice Minister M. Veerappa Moily on Thursday said the law ministry in collaboration with the judiciary is working towards ensuring that no case remains pending beyond three years.
He said the ministry has been putting mechanism in place to ensure the same.
"We have now decide...
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SAP planning to develop enterprise software in Hindi
Posted Date : 16-Apr-2011 , 12:00:36 pm | Posted By CASANSAAR
Global software major SAP plans to develop and localise its enterprise applications in Hindi, the most widely-spoken Indian language, to enable its domestic customers leverage technology for speedy delivery, the company said Wednesday.
“The Hindi version of various applications such as hu...
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Hasan Ali
Posted Date : 06-Apr-2011 , 09:31:48 pm | Posted By CASANSAAR
Sunil Shinde, chartered accountant of Pune-based horse owner Hasan Ali Khan and suspect in the multi-crore hawala racket and tax evasion scam, on Wednesday sought police protection after receiving an anonymous threat letter in the morning.
Shinde and his counsel advocate Rahul Dinodokar approac...
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UK's new immigration rules to hit Indian professionals
Posted Date : 06-Apr-2011 , 09:28:29 pm | Posted By CASANSAAR
Several Indian professionals will be adversely affected by Britain's new immigration rules that come into effect tomorrow as part of the David Cameron government's efforts to reduce migration from non-European Union countries.
The new immigration regime includes tighter rules for students, limits...
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Provisional Census 2011: Population touches 1.21 billion
Posted Date : 02-Apr-2011 , 08:34:22 am | Posted By CASANSAAR
The Union Cabinet on Thursday approved tax exemption for the 2011 ICC World Cup.
The cabinet today approved the proposal of Ministry of Finance for exempting ICC Cricket World Cup 2011 from income tax under section 10(39) of the Income Tax Act 1961 in respect of income which is arising in the I...
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Govt introduces Bill to give statutory power to PFRDA
Posted Date : 26-Mar-2011 , 10:21:46 pm | Posted By CASANSAAR
Taking forward financial sector reforms, the government today introduced a long-pending PFRDA Bill in the Lok Sabha to give statutory status to interim pension regulator and promoting old age income security.
The Bill, introduced by Finance Minister Pranab...
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No sealing of illegal constructions in Delhi till Dec '11
Posted Date : 22-Mar-2011 , 12:19:37 pm | Posted By CASANSAAR
Giving interim relief to Delhi residents, Parliament today passed a Bill seeking to prevent sealing of unauthorised commercial constructions in the city till December 31.
The National Capital Territory of Delhi Laws (Special Provision) Bill, moved by Urban...
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