PTI - The Press Trust of India Ltd. back issues from February 2009:
NOT ALL IS LOST.
Feb 01, 2009 ... NOT ALL IS LOST UDDALOK BHATTACHARYA February 1, 2009(PTI Economic Service) -- CD Deshmukh, once in the ICS, had several things in common with Dr Manmohan Singh. Both held the posts of RBI governor, chairman of the University Grants Commission, and finance minister ....
ECONOMIC GLOOM GREETS 2009.
Feb 01, 2009 ... ECONOMIC GLOOM GREETS 2009 MANOJ RAMMOHAN February 1, 2009(PTI Economic Service) -- The New Year has dawned but the global financial system is still in a daze. And the days ahead seem to be just an extrapolation of the past year rather than a new point in the world ...
TIME EXPORTERS FOCUSSED ON BUSINESS AND NOT MINISTRIES.
Feb 01, 2009 ... TIME EXPORTERS FOCUSSED ON BUSINESS AND NOT MINISTRIES PRAKASH CHAWLA February 1, 2009(PTI Economic Service) -- The word recession is no more limited to the exclusive economists club. It has become a household word. Be it a housewife, college kid or a vegetable vendor ...
TILAIYA COMPLETES RELIANCE POWER's TRILOGY.
Feb 01, 2009 ... TILAIYA COMPLETES RELIANCE POWER's TRILOGY MEGHA MANCHANDA February 1, 2009(PTI Economic Service) -- Anil Ambani firm Reliance Power has yet again won a 4,000 MW Ultra Mega Power Project to be developed at Tilaiya in Jharkhand. This is the third UMPP to have fallen ...
AUTO COMPANIES TRY TO BEAT MARKET SLOWDOWN WITH NEW PRODUCTS, HOPEFUL OF RECOVERY IN SECOND HALF OF YEAR.(Industry overview)
Feb 01, 2009 ... AUTO COMPANIES TRY TO BEAT MARKET SLOWDOWN WITH NEW PRODUCTS, HOPEFUL OF RECOVERY IN SECOND HALF OF YEAR RAJKUMAR LEISHEMBA February 1, 2009(PTI Economic Service) -- As automobile companies in India come to terms with challenges posed by the economic downturn, they ...
FOREIGN INFLOWS MAY RESUME IN NEAR FUTURE AS INDIA REMAINS ATTRACTIVE.
Feb 01, 2009 ... FOREIGN INFLOWS MAY RESUME IN NEAR FUTURE AS INDIA REMAINS ATTRACTIVE MALVIKA BHATNAGAR February 1, 2009(PTI Economic Service) -- After fleeing from India last year, Foreign Institutional Investors are likely to flock back into their favourite investment destination ...
NO VISIBLE END TO THE SUN-TARO DISPUTE.
Feb 01, 2009 ... NO VISIBLE END TO THE SUN-TARO DISPUTE DEEPAK SHARMA February 1, 2009(PTI Economic Service) -- The on-going tussle between the Israeli drug firm Taro Pharmaceutical Industries and the Mumbai-based Sun Pharmaceutical over the issue of merger agreement is unlikely to ...
THERE's SOME THING TO LAUGH ABOUT SATYAM TOO!
Feb 01, 2009 ... THEREs SOME THING TO LAUGH ABOUT SATYAM TOO! BARUN JHA February 1, 2009(PTI Economic Service) -- It has been called with many names such as Indias Enron and Asatyam and has left in lurch over 50,000 of employees, lakhs of shareholders and hundreds of customers, but ...
A TALE OF TWO CITIES.
Feb 01, 2009 ... A TALE OF TWO CITIES MANOJ RAMMOHAN February 1, 2009(PTI Economic Service) -- Way back in 2007, much before the current financial turmoil turned severe, financial services giant Citigroup was pushed to the brink thanks to the rising mortgage losses. In December the ...
PARAMOUNT AIRWAYS AIMS BIG WITH CHALLENGING TIMES.
Feb 01, 2009 ... PARAMOUNT AIRWAYS AIMS BIG WITH CHALLENGING TIMES DEEPAK GOEL February 1, 2009(PTI Economic Service) -- Faced with current turmoil in the aviation market, Chennaibased Paramount Airways is looking to optimise its existing resources for higher revenue and planning to ...
INTEREST RATE TO DIP 4-5 PER CENT BY JULY TO FUEL LOW-COST ECO: KAMATH.
Feb 01, 2009 ... INTEREST RATE TO DIP 4-5 PER CENT BY JULY TO FUEL LOW-COST ECO: KAMATH KUMAR DIPANKAR February 1, 2009(PTI Economic Service) -- Interest rates are set to fall by up to five percentage points in the next six months as inflation is moving towards zero level, a ...
STRONGER INDO-ASEAN TIES NEEDED: S' PORE AMBASSADOR-AT-LARGE.
Feb 01, 2009 ... STRONGER INDO-ASEAN TIES NEEDED: S PORE AMBASSADOR-AT-LARGE MANISH GUPTA February 1, 2009(PTI Economic Service) -- No individual country, including India, can overcome the negative effects of the global financial crisis all alone. India must engage more actively with ...
CORPORATE BATTLES.
Feb 01, 2009 ... CORPORATE BATTLES KUMAR RAHUL February 1, 2009(PTI Economic Service) -- Reliance Big Entertainment Vs Percept Ltd and Super Cassette Industries The Delhi High Court has turned down a plea by Anil Ambani Group firm, Reliance Big Entertainment, seeking stay ...
AGENT IS NOT LIABLE FOR THE ACT OF A DISCLOSED PRINCIPAL SUBJECT TO A CONTRARY CONTRACT.
Feb 01, 2009 ... AGENT IS NOT LIABLE FOR THE ACT OF A DISCLOSED PRINCIPAL SUBJECT TO A CONTRARY CONTRACT OUR LEGAL CORRESPONDENT February 1, 2009(PTI Economic Service) -- Supreme Court Justice Dr. Arijit Pasayat in a judgment in Prem Nath Motors Ltd., Appellant, Vs. Anurag Mittal, ...
GOLD AT RECORD HIGH; SUGAR EXTENDS GAINS ON LOWER OUTPUT ESTIMATES.
Feb 01, 2009 ... GOLD AT RECORD HIGH; SUGAR EXTENDS GAINS ON LOWER OUTPUT ESTIMATES SUNIL SEHGAL February 1, 2009(PTI Economic Service) -- Gold glittered to hit a record high of Rs.14,375 per ten gram in Kolkta during the second fortnight of January largely in tandem with firming ...
COMMODITY MARKETS MIXED AMID ECONOMIC GLOOM.
Feb 01, 2009 ... COMMODITY MARKETS MIXED AMID ECONOMIC GLOOM MANVENDRA JHA February 1, 2009(PTI Economic Service) -- Commodity markets witnessed a mixed response during the week ended January 30 as traders tracked a deepening recession in the US and a gloomy global economic outlook ...
MARKET REBOUND ON LATE BUYING, SENSEX UP 422.88 POINTS.
Feb 01, 2009 ... MARKET REBOUND ON LATE BUYING, SENSEX UP 422.88 POINTS RAJESH SHARMA February 1, 2009(PTI Economic Service) -- Afag-end buying pulled up the Bombay Stock Exchange benchmark Sensex higher by 422.88 points to settle at 9424.24 in the current fortnight ending January 30, ...
Dhoni admits he lost cool on his bowlers during power plays.
Feb 01, 2009 ... Dhoni admits he lost cool on his bowlers during power plays Colombo, Jan 31 (PTI) India captain Mahendra Singh Dhoni today said he lost his cool when his bowlers got confused and did not know what to do during the power plays in the second one-dayer against Sri Lanka here. ...
SPORT IND STATS.
Feb 01, 2009 ... SPORT IND STATS Colombo, Jan 31 (PTI) Following are the statistical highlights of the second one-day international cricket match between India and Sri Lanka here today. # Jayawardene and Kandamby were associated in a fourth-wicket stand of 100 runs - Sri Lanka's highest ever ...
Centre mulls sector-specific stimulus package: minister.
Feb 01, 2009 ... Centre mulls sector-specific stimulus package: minister Chennai, Jan 31 (PTI) In addition to the two stimulus packages announced by the Centre recently, the Government is considering to announce sector specific stimulus packages by another four to six weeks, Union Minister of ...
KEL to sign MoU with BHEL.
Feb 01, 2009 ... KEL to sign MoU with BHEL Thiruvananathapuram, Jan 31 (PTI)A MoU between Bharat Heavy Electricals Limited (BHEL) and the Kerala Electrical and Allied Engineering Company (KEL) for the joint venture between the two public sector companies would be signed on February 3 in New ...
South Indian Bank launches new product for SB holders.
Feb 01, 2009 ... South Indian Bank launches new product for SB holders Thiruvananthapuram, Jan 31 (PTI) Kerala-based South Indian Bank (SIB) has come out with a new Savings Bank product offering all value-added services to domestic and Non-Resident ordinary account holders who maintain a minimum ...
Obama congratulates Iraqis on provincial elections.
Feb 01, 2009 ... Obama congratulates Iraqis on provincial elections Washington, Feb 1 (PTI) US President Barack Obama has congratulated Iraqis on the peaceful completion of the provincial elections and hoped that this would help them take responsibility of their future. "I ...
23 feared dead in Russia nursing home fire.
Feb 01, 2009 ... 23 feared dead in Russia nursing home fire Moscow, Feb 1 (PTI) At least 23 inmates of a nursing home for elders in north-western Russian Republic of Komi are feared dead after a major fire broke out in the building, apparently due to smoking. According to ITAR-TASS ...
Western Nepal's remote villages have uninterrupted electricity.
Feb 01, 2009 ... Western Nepal's remote villages have uninterrupted electricity Kathmandu, Feb 1 (PTI) At a time when Nepal is facing acute power shortage, some three dozen remote villages in western part of the country are enjoying round-the-clock electricity supply, thanks to the indigenous ...
Lady constable dismissed for bribe gets no relief from CAT.
Feb 01, 2009 ... Lady constable dismissed for bribe gets no relief from CAT New Delhi, Feb 1 (PTI) A lady constable, who was caught on camera while taking bribe, has got no relief from the Central Administrative Tribunal (CAT) which upheld her dismissal from service. Rajni, 33, was ...
BSNL to offer web video-conferencing from Feb.
Feb 01, 2009 ... BSNL to offer web video-conferencing from Feb Kolkata, Feb 1 (PTI) Bharat Sanchar Nigam Ltd (BSNL) will launch a low cost, web-based video-conferencing system from the first week of this month in the Kolkata circle. BSNL sources told PTI that a customer would require ...
Sun looking for acquiring a generic firm in US.
Feb 01, 2009 ... Sun looking for acquiring a generic firm in US New Delhi, Feb 1 (PTI) Its bid to acquire Israel's Taro may be stuck in legal wrangles, but Mumbai-based Sun Pharmaceutical is on the prowl to acquire a mid-size generic company in the US with a view to increase its share in the ...
PSBs' performance better than pvt banks in Q3: Assocham.
Feb 01, 2009 ... PSBs' performance better than pvt banks in Q3: Assocham New Delhi, Feb 1 (PTI) Performance of public sector banks in terms of profits and asset management in the third quarter of the current fiscal was better than those of private peers, a study by industry body Assocham said. ...
Frito-Lay takes healthy route to strengthen post in Indian mkt.
Feb 01, 2009 ... Frito-Lay takes healthy route to strengthen post in Indian mkt New Delhi, Feb 1 (PTI) Global food and beverages major PepsiCo's snacks food division Frito-Lay is looking to give a 'healthy' profile to its various products as part of its consolidation campaign in the estimated Rs ...
Afghan reconstruction fragmented, lacks coherence: SIGAR.
Feb 01, 2009 ... Afghan reconstruction fragmented, lacks coherence: SIGAR Washington, Feb 1 (PTI) The reconstruction of Afghanistan in the post-Taliban period is "fragmented" and the existing strategies lack coherence, according to the US body monitoring rebuilding efforts in the war-ravaged ...
Bajaj Electricals eyeing Rs 1,700 cr revenue in FY '09.(Financial report)
Feb 01, 2009 ... Bajaj Electricals eyeing Rs 1,700 cr revenue in FY '09 Mumbai, Feb 1 (PTI) Bajaj Electricals, the consumer electrical products manufacturing company is aiming to mop up Rs 1,700 crore revenue in 2009 fiscal, against Rs 1,400 crore achieved last fiscal, a top company official ...
Jan sees six US bank failures, highest for a month in 8 yrs.
Feb 01, 2009 ... Jan sees six US bank failures, highest for a month in 8 yrs New York, Feb 1 (PTI) The number of banks collapsing in the US with each passing day simply denies to decline, with six entities shutting down in January itself, the highest for any month in the last eight years. ...
Top 10 cos add Rs 66,000 cr to Mcap; RIL regains Rs 2 tn turf.
Feb 01, 2009 ... Top 10 cos add Rs 66,000 cr to Mcap; RIL regains Rs 2 tn turf Mumbai, Feb 1 (PTI) The country's 10 most valued firms witnessed an addition of over Rs 66,000 crore in their market capitalisation last week, with Reliance Industries regaining the Rs two trillion valuation turf. ...
I am not totally satisfied but not nervous: CM on CWG games.
Feb 01, 2009 ... I am not totally satisfied but not nervous: CM on CWG games By: Manash Bhuyan and Sreeparna C Mukhuty New Delhi, Feb 1 (PTI) With a number of Commonwealth Games projects running behind schedule, Delhi Chief Minister Sheila Dikshit has said she is not "totally ...
Binani to increase beneficiary interest in Dubai subsidiary.
Feb 01, 2009 ... Binani to increase beneficiary interest in Dubai subsidiary Mumbai, Feb 1 (PTI) Binani Cement has begun discussions with majority shareholders to gain the entire beneficiary interest in its Dubai subsidiary, a top company official said. "We hold a 49 per cent stake in ...
Give immunity to ensure capable independent directors: CII.
Feb 01, 2009 ... Give immunity to ensure capable independent directors: CII New Delhi, Feb 1 (PTI) To prevent professionals from shying away from shouldering responsibilities of independent directors following the Satyam debacle, industry body CII today suggested that their liabilities should be ...
IT Dept rejects Coke's plea for lower tax rate.
Feb 01, 2009 ... IT Dept rejects Coke's plea for lower tax rate New Delhi, Feb 1 (PTI) The income tax department has rejected a request by beverages giant Coca Cola India Inc for levying a lower rate of tax on its income of over Rs 100 crore earned by providing services to three sister concerns ...
Jan sees 9,000 job losses every day.
Feb 01, 2009 ... Jan sees 9,000 job losses every day New York, Feb 1 (PTI) More and more people are becoming unemployed this year, with nearly 9,000 jobs vanishing worldwide on an average each day in January. As the financial turmoil continues to rattle world economies, layoffs so ...
21-yr-old woman diagnosed with bird flu in China.
Feb 01, 2009 ... 21-yr-old woman diagnosed with bird flu in China Beijing, Feb 1 (PTI) A young woman farmer has been confirmed infected with bird flu in central China's Hunan province. The 21-year-old woman, surnamed Shu, fell ill on January 23 in Xupu County of the province and was ...
Japanese agency to lend in excess of $2.25 bn target to India.
Feb 01, 2009 ... Japanese agency to lend in excess of $2.25 bn target to India New Delhi, Feb 1 (PTI) Japan International Cooperation Agency, which lends for development projects in emerging economies, has said it would disburse more than its targeted 2.25 billion dollars loans to India in the ...
Sesa Goa expects 30 per cent volume growth by end FY '09.
Feb 01, 2009 ... Sesa Goa expects 30 per cent volume growth by end FY '09 New Delhi, Feb 1 (PTI) Encouraged by a surge in demand for Indian iron ore from Chinese steel mills, NRI billionaire Anil Agarwal-led Sesa Goa expects a 30 per cent volume growth by the end of this fiscal. "We ...
'Human error' brings Google to a grinding halt.
Feb 01, 2009 ... 'Human error' brings Google to a grinding halt Washington, Feb 1 (PTI) Search engine Google came to a grinding halt when a "human error" temporarily prevented millions of people from finding web pages on the Internet. Google incorrectly labelled all other websites as ...
Elara sets up Singapore sub to facilitate India investments.
Feb 01, 2009 ... Elara sets up Singapore sub to facilitate India investments Mumbai, Feb 1 (PTI) Elara Capital (Singapore), the UK-based bank plans to facilitate investments in Indian companies from Singapore and neighbouring regions which have a large base with surplus funds, a senior company ...
Dhoni warns teammates against complacency.
Feb 01, 2009 ... Dhoni warns teammates against complacency Colombo, Feb 1 (PTI) After notching up their second consecutive victory, India captain Mahendra Singh Dhoni has warned his teammates not to be complacent in the remaining matches of the five-match one-day series against Sri Lanka. ...
D-Street may remain volatile on global cues, say analysts.
Feb 01, 2009 ... D-Street may remain volatile on global cues, say analysts Mumbai, Feb 1 (PTI) Domestic bourses are likely to remain volatile this week tracking weak global cues amid developed countries, led by US, grappling with deteriorating economic conditions, say analysts. "The ...
Hindujas join race for Satyam.
Feb 01, 2009 ... Hindujas join race for Satyam New Delhi, Feb 1 (PTI) The number of suitors for the beleaguered Satyam Computer is increasing as Hinduja Global Solutions, an arm of the Hinduja Group, has evinced interest in acquiring the troubled IT company. Company officials told ...
Hindujas to tie up funds for Vizag power project by Oct.
Feb 01, 2009 ... Hindujas to tie up funds for Vizag power project by Oct By: Indivjal Dhasmana Davos, Feb 1 (PTI) Global conglomerate of the Hindujas expects to tie up financial sources for its much-awaited Indian power project at Visakhapatnam in Andhra Pradesh by October this year, ...
Monnet Ispat to offer coal washing, mining services.
Feb 01, 2009 ... Monnet Ispat to offer coal washing, mining services New Delhi, Feb 1 (PTI) In a development that could break the monopoly of public sector Coal India Limited, private firm Monnet Ispat & Energy today announced its entry into coal washing, exploration and mining business. ...
Archer, Black face ouster from House of Lords.
Feb 01, 2009 ... Archer, Black face ouster from House of Lords London, Feb 1 (PTI) Famous author Jeffrey Archer and former proprietor of a major British newspaper Conrad Black, jailed for perjury and fraud respectively, face ouster from the House of Lords along with five others under reforms ...
Ashok Leyland sees 17 pc growth in CV exports in 2008-09.
Feb 01, 2009 ... Ashok Leyland sees 17 pc growth in CV exports in 2008-09 By: Indivjal Dhasmana Davos, Feb 1 (PTI) The global slowdown notwithstanding, Hinduja flagship company Ashok Leyland is expecting to clock a 15-17 per cent increase in its commercial vehicles exports this ...
Feeney takes charge of archery national camp.
Feb 01, 2009 ... Feeney takes charge of archery national camp Kolkata, Feb 1 (PTI) Introduced only in 2003, compound archery might not be a favourite with the Indians as it is still not an Olympic discipline, but Australian Peter Feeney aims to change the notion as he takes charge as the coach ...
Coming soon: Rubik's 360.
Feb 01, 2009 ... Coming soon: Rubik's 360 London, Feb 1 (PTI) The Rubik's Cube, a 3-D mechanical puzzle invented by Hungarian Professor Erno Rubik in 1974, is said to be one of the world's fastest-selling toys. Now, over three decades on, the reclusive 64-year-old inventor is all set ...
'Obama admn struggles to find new home for Gitmo detainees'.
Feb 01, 2009 ... 'Obama admn struggles to find new home for Gitmo detainees' New York, Feb 1 (PTI) The Obama administration, which has signalled its intention to close the Guantanamo Bay detention facility for terror suspects within a year, is experiencing difficulties in finding a place to ...
JLR to seek 1 bn pound loan facility and pay cuts: Report.(Report)
Feb 01, 2009 ... JLR to seek 1 bn pound loan facility and pay cuts: Report London, Feb 1 (PTI) Car maker Jaguar Land Rover, is in talks with unions over company-wide pay cuts to avoid further layoffs at its three main UK sites, even as the company is seeking an additional one billion pound loan ...
India's gold imports may dip by 90 pc in Jan.
Feb 01, 2009 ... India's gold imports may dip by 90 pc in Jan Mumbai, Feb 1 (PTI) A sharp fall in demand may hit the country's gold imports, bringing it down to between 1,200-1,800 kgs in January as against 18,000 kgs in the corresponding period last year, a top industry official said. ...
Peter England eyes presence in 1,000 towns by end-2009.
Feb 01, 2009 ... Peter England eyes presence in 1,000 towns by end-2009 Mumbai, Feb 1 (PTI) Madura Garments' brand, Peter England, intends to increase its penetration in urban areas and plans to have a presence in 1,000 towns by end-2009, as it sees a lot of untapped potential in these markets, ...
Ficci calls for tax holiday for auto industry.
Feb 01, 2009 ... Ficci calls for tax holiday for auto industry New Delhi, Feb 1 (PTI) Apex industry chamber Ficci has demanded income tax holidays, import duty concessions on machinery and incentivise eco-cars to give a boost to the struggling Indian auto and help the sector double its ...
Prasar Bharati expects 13 pc rise in gross revenue this fiscal.(Financial report)
Feb 01, 2009 ... Prasar Bharati expects 13 pc rise in gross revenue this fiscal New Delhi, Feb 1 (PTI) Higher competition due to proliferation of private channels notwithstanding, national broadcaster Prasar Bharati is expecting a 13 per cent growth in its gross revenue for the current fiscal to ...
Sugar prices rise up to 30 pc in just one year.
Feb 01, 2009 ... Sugar prices rise up to 30 pc in just one year New Delhi, Feb 1 (PTI) Sugar prices in the country have surged by up to 30 per cent within a year even though the government has always maintained that there is adequate availability of the sweetener in the domestic market. ...
Pollution causing birth defects in China.
Feb 01, 2009 ... Pollution causing birth defects in China Beijing, Feb 1 (PTI) China's degrading environment is responsible for birth of a new born baby with physical defects every 30 seconds in the country, a senior planning official has said. "The number of newborns with birth ...
Import duty hike on stainless steel to hit utensil makers.
Feb 01, 2009 ... Import duty hike on stainless steel to hit utensil makers Mumbai, Feb 1 (PTI) The apex body of the country's stainless steel utensil and cutlery manufacturers has said that any import duty hike on stainless steel will have a huge hit on the industry, which employs three lakh ...
Israel, Pak held secret talks during Musharraf regime: Turkey.
Feb 01, 2009 ... Israel, Pak held secret talks during Musharraf regime: Turkey New York, Feb 1 (PTI) Israel and Pakistan, which do not have diplomatic ties, held secret talks during the Musharraf regime at the initiative of Turkey to discuss ways to bring the two countries together, Turkish ...
Unethical promotional expense may push up drug prices: NPPA.
Feb 01, 2009 ... Unethical promotional expense may push up drug prices: NPPA Mumbai, Feb 1 (PTI) Unethical promotional expenditure in respect of marketing of drugs adopted by some players in the industry may push up drug prices to unreasonable levels, a top industry official said. "It ...
Indian ADRs shed USD 7 bn in Jan; Satyam loses USD 2.3 bn.
Feb 01, 2009 ... Indian ADRs shed USD 7 bn in Jan; Satyam loses USD 2.3 bn New York, Feb 1 (PTI) The total valuation of Indian shares trading on American bourses plunged seven billion dollars in January, with scam-hit Satyam Computer accounting for nearly one-third of the losses, as gloomy ...