Space experts, academics and mining companies are meeting in the Australian city of Sydney to discuss the possibility of extracting minerals and precious metals from asteroids and planets. Some scientists argue that despite the huge expense and technical difficulties involved, remote-controlled mining of asteroids or even the moon might be only ten years away.
Normal banking operations were hit for the second day on Thursday as public sector bank employees continued their strike. The two-day nationwide strike call, demanding early wage revision among other issues, was given by United Forum of Bank Unions (UFBU) that comprises nine national unions. It was, however, business as usual at private sector banks […]
AirAsia ties up with Tatas to start airline in India where Tata Sons to hold 30 per cent in the joint venture but will not have any operating role in the airline. The proposed joint venture will operate from Chennai and will focus on providing domestic connectivity to Tier-II and Tier-III cities. AirAsia, through its […]
Snapping a three-day gaining streak, the BSE benchmark Sensex has declined by over 140 points in early trade on Thursday, as funds and retail investors booked profits after recent gains amid a weak trend on other Asian bourses. The 30-share index, which had gained 174.60 points in the previous three sessions, fell back by 140.52 […]
Finance Minister P. Chidambaram said on Wednesday that the Union Cabinet will take a final call on settlement of the Rs 11,200-crore Vodafone tax case after seeking opinion of the Attorney General. “As far as Vodafone is concerned, they had written to us proposing conciliation. We have written back saying that yes, your request will […]
National carrier Air India yesterday launched its special fares, offering a discount of up to 40 per cent on one-way regular fare on domestic flights. The new slashed rates include, 3,201 rupees for an economy class one-way ticket on the Delhi-Mumbai route; on the Delhi-Chennai sector, Air India’s ticket costs 3,701 rupees. A ticket on […]
Rising for the third straight session, the Sensex at the Bombay Stock Exchange gained a marginal 7 points, to close at 19,643, amid positive Asian markets, today. The Sensex had gained over 167 points in the previous two trading sessions. The Nifty at the National Stock Exchange rose 3 points, or 0.1 percent, to 5,943. […]
Falling for the second straight month, India’s foreign direct investment (FDI) inflows declined nearly 19 per cent to USD 1.10 billion in December 2012 due to global economic uncertainties. In December 2011, the country had attracted FDI worth USD 1.35 billion. For the April-December period of 2012-13, the inflows have declined by about 42 per […]
Normal banking operations hit on Wednesday as employees of public sector banks went on a two-day strike in response to a call given by central trade unions to press for wage hike in the backdrop of rising inflation. The nation-wide strike call has been given by United Forum of Bank Unions (UFBU), consisting of nine […]
Singapore and Malaysia announced on tuesday that they will build a high-speed rail link between the city-state and Kuala Lumpur. The target to complete the project is around 2020. A statement issued after a meeting between Singapore Prime Minister Lee Hsien Loong and his Malaysian counterpart Najib Razak said, this is a strategic development in […]
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