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Business

Air India restructure plan gets banks’ nod

New Delhi : In a big boost to its precarious financial position, Air India’s Financial Restructuring Plan (FRP) has been approved by a consortium of banks. This may enable the ailing carrier save several hundred crores of rupee in the first year itself. According to airline officials, as part of the FRP, Air India signed […]

Breaking News International

Ex-Argentina Prez to face trail in 1994 bombing

Argentina : Former Argentina President Carlos Menem is to stand trial for allegedly obstructing an investigation into an attack on a Jewish cultural centre in Buenos Aires. Argentina blamed the Lebanese militant group Hezbollah for the 1994 bombing, which killed 85 people. But, prosecutors say evidence indicating the involvement of local accomplices in the attack […]

Breaking News International

US approves fresh sanctions on Iran oil buyers

US : US President Barack Obama gave the go-ahead for fresh sanctions against Iran’s oil sector saying there is enough oil in the world markets to ensure the move will not hit consumers. The move is set to have major implications for Tehran since it forces the companies around the world to choose between trade […]

Breaking News International

19 arrested in France against extremists crackdown

France : The Police has conducted raids across France in a crackdown against suspected Islam extremists and arrested 19 people in the wake of incidents of terrorism that has shaken the country. The raids in the cities of Toulouse, Lyon, Marseille, Paris and Nantes involved the arrest of members of a radical Islamist group known […]

Breaking News National

India at centre stage of IT services: Pilot

New Delhi : India continues to retain its position as the world’s leader in the global outsourcing market of Information Technology and Information Technology Enabled Services (IT-ITeS). It accounts for almost 58 per cent of global sourcing in 2011 as compared to 55 per cent previous year. Giving this information in a written reply in […]

Breaking News National

Ex-ministers get clean chit in Assembly porn-watch case

Karnataka : In Karnataka, a House Committee headed by Shailappa Bidaruru has given clean chit to the three former Ministers, who were allegedly caught watching porn video in the Assembly House in February. The Committee’s report was tabled in the Assembly today. The report says that there was not sufficient evidence to prove the charges […]

Breaking News National

Ayurveda scam: SC notice to UP minister

New Delhi : The Supreme Court has issued a notice to the UP Panchayati Raj Minister Balram Yadav of the newly formed Samajwadi Party Government in the Ayurveda scam. A Division Bench comprising Justices HL Dattu and CK Prasad issued the notice while hearing a CBI petition seeking his prosecution in the 1996 multi-crore Ayurveda […]

Breaking News National

Oppn stalls Jharkahand House

New Delhi : The Jharkhand Assembly was today adjourned till 2 PM after the Opposition created pandemonium, demanding a CBI probe into the alleged horse trading in the run-up-to the Rajya Sabha polls. As soon as the House convened, the entire Opposition rushed to the well raising slogans against horse trading and demanded a CBI […]

Breaking News National

Jaya takes Sasikala back in AIADMK

Chennai : AIADMK General Secretary and Tamil Nadu Chief Minister J Jayalalitha has revoked the suspension of erstwhile close confidante Sasikala from the primary membership of the party. In a statement issued in Chennai today, Jayalalithaa said she accepted the explanation given by Sasikala that she had severed links with her relatives, who by their […]

Breaking News National

India records 5-point decline in child mortality

New Delhi : India has recorded a decline in under-five mortality rate. However, more females are dying even now before they reach their fifth birthday. Country’s latest Sample Registration System data finalised by the Registrar General of India says India in total saw 15.41 lakh under-five deaths in 2010 as compared to 16.83 lakh in […]