11844 stories by IPA Staff
BSE Sensex rises 1.7 per cent; techs, banks jump
Mumbai (Reuters) – The BSE Sensex posted its second straight rise on Wednesday to close up 1.65 percent, its best single-day percentage rise in nearly two weeks, led by export-focused software companies and financials on renewed growth hopes. Technology companies TCS and Infosys, which draw more than 50 percent...
Water Options for India in a Changing Climate
On the eve of the World Water Day 2012, the South Asia Network on Dams, Rivers & People (SANDRP) is happy to publish its new report: Water Sector Options for India in a Changing Climate. The report highlights that for the poorest sections, also most vulnerable in the climate...
Tech Mahindra, Mahindra Satyam boards approve merger at swap ratio of 2:17
The boards of Satyam Computer Services Ltd and Tech Mahindra Ltd, IT services providers of the Mahindra group, approved the merger of two companies, according to TV reports. The exchange ratio for the merger was pegged at 2:17 ratio i.e. 2 shares of Tech Mahindra will be given for...
Backgrounder on Tech Mahindra Satyam Merger
Tech Mahindra had acquired Satyam Computer Services Limited in April 2009, a few months after Satyam was rattled byIndia’s biggest corporate fraud. Satyam was subsequently re-named Mahindra Satyam. Satyam’s reconstituted borad of directors had chosen Tech Mahindra following its bid of Rs 1,757 crore for 31 per cent stake...
BS Yeddyurappa heads to Delhi, return as Chief Minister likely
Bangalore: B S Yeddyurappa is expected to arrive in Delhi later today from Bangalore to meet with his party’s top leaders. He is likely, say sources in the BJP, to return to Karnataka as chief minister. In July last year, he was forced to quit office after a report...
Rupee drops to 2-week low at 50.70 against US dollar
Mumbai: The Indian rupee dropped to two-week low by slipping 31 paise to 50.70 against the dollar in the late morning trade on sustained demand for the American currency from banks and importers. The rupee resumed lower at 50.50/51 per dollar at the Interbank Foreign Exchange (Forex) market as...
India Pitches For Increased Role Of BRICS In IMF
By Nitya Chakraborty BRICS summit in New Delhi on March 28 and 29, 2012 will be very business like this time and India will like to get some concrete proposals approved for working on a joint strategy in dealing with the issues of trade and business cooperation among the...
Allies should be consulted before decisions are taken: TMC
Differences between Congress and its UPA partners came to the fore yet again on Wednesday with the Trinamool Congress saying allies should be consulted before any “far-reaching” decisions are taken by the government. TMC leader Kalyan Banerjee told reporters outside Parliament that his party chief has Mamta Banerjee already...
Thumping win for AIADMK in Sankarankoil bypoll
Chennai: Jayalalithaa-led AIADMK on Wednesday retained the Sankarankoil (SC) Assembly constituency, with party nominee S Muthuselvi defeating DMK candidate Jawahar Suryakumar by a massive margin of 68,744 votes. Ms. Muthuslevi polled 94,964 votes against Mr. Suryakumar’s 26,220. Vaiko-led MDMK’s Sadan Thirumalai Kumar polled just 20,675 votes while DMDK’s Muthukumar was...
Maoists offer to release one of the two kidnapped Italians
BHUBANESWAR: The Maoists today offered to release one of the two Italians held captive by them if two of their demands, including release of some rebels, were met, as the Odisha government asked its mediators to contact their counterparts chosen by the captors. “One of the Italians taken hostage...
AIADMK leads decisively in Sankarankoil bypoll
CHENNAI: The ruling AIADMK in Tamil Nadu is all set to retain Sankarankoil (SC) assembly seat with its candidate S Muthuselvi setting up an unassailable lead of 46,189 votes at the end of 18th round of counting. The byelection held on March 18 witnessed a high voter turnout of...
Karnataka: Setback for BJP as Congress wins Udupi-Chikmagalur LS bypoll
Bangalore: In a major setback for the BJP and Karnataka Chief Minister DV Sadananda Gowda on Wednesday, K Jayaprakash Hegde of Congress beat V Sunil Kumar of BJP by huge margin of over 40,000 votes in the bypoll of Udupi-Chikmagalur Lok Sabha seat. Hegde secured 3,98,723 votes as against...
AP bypolls: TRS wins 4 seats, Congress draws a blank
Hyderabad: The ruling Congress on Wednesday drew a blank in Andhra Pradesh bypolls as TRS candidates won four seats, while TRS backed independent, YSR Congress and the BJP won one seats each in the bypoll to seven assembly constituencies in the state. The by-elections to seven assembly seats –...
After Karnataka, Gujarat BJP MLAs allegedly watched porn inside the Assembly
New Delhi: After Karnataka the porngate has hit Gujarat. Two BJP MLAs allegedly watched porn inside the Gujarat Assembly. They were watching porn on a tablet computer while the assembly proceeding was on. Sources said that the two MLAs facing the allegations are Shankarbhai Lagadhirbhai Chaudhary and Jethabhai Ghelabhai...
Budget Allocation For Sanitation Inadequate
By Rashmi Saksena In the dark of the night, two teenage sisters in a village in the Kalahandi region of Odisha, spoke to each other in whispers. Then they left their huts and started a trek in search of privacy. It was a bad time of the month for...
3 Indian Firms Among Global Bests In Manufacturing Sector: ASQ India
NEW DELHI: As a commentary on conducive government support and post-1990 reforms in policies, five Indian companies are among 32 global corporate conglomerates, which recently have successfully contested into the final rounds of the global competition of Team Quality Excellence in management, instituted by American Society for Quality (ASQ),...
Navy Planning New Air Base In Karnataka
The Indian Navy is planning to further strengthen it’s capabilities along the western seaboard by establishing a new naval air base in Karwar in Karnataka for operating both fighter and surveillance aircraft. “We have plans of establishing a Naval Air Station at Karwar for basing and operation of fixed...
Ordnance Factory To Invest Rs 15,000 Crore For Modernisation
KOLKATA: Ordnance Factory Board (OFB) plans to invest Rs 15,000 crore towards modernisation of its factories in the next five years. Ordnance Factories Board , which has a total of 41 factories including two newly-set units in Bihar and Uttar Pradesh, expects a turnover of Rs 12,000 crore this...
