PTI - The Press Trust of India Ltd. back issues from March 2009:
GOVT GIVES CONSTITUTIONAL PROPRIETY A MISS WITH SOPS IN INTERIM BUDGET.
Mar 01, 2009 ... GOVT GIVES CONSTITUTIONAL PROPRIETY A MISS WITH SOPS IN INTERIM BUDGET M KARTHIKEYAN March 1, 2009 (PTI Economic Service) -- As Budget speeches go, this years spending proposal reads like an election manifestohigher allocation for social sectors, mainly the ruling ...
INTERIM RAILWAY BUDGET: RECESSION SPIKES RAILWAYS' DREAM RUN.
Mar 01, 2009 ... INTERIM RAILWAY BUDGET: RECESSION SPIKES RAILWAYS DREAM RUN SUNIL BATRA March 1, 2009 (PTI Economic Service) -- In a clear indication of bunking the global economic slowdown, the Indian railways finances are expected to exceed the budget targets in passenger and ...
GOVERNMENT FINANCES GO AWRY AS ECONOMY SLOWS DOWN.
Mar 01, 2009 ... GOVERNMENT FINANCES GO AWRY AS ECONOMY SLOWS DOWN INDIVJAL DHASMANA March 1, 2009 (PTI Economic Service) -- The Centre has to completely rework its finances as slowing down economy cuts into its finance from both sides by raising expenditure exponentially to perk up ...
PLAN FOCUSES ON SOCIAL SECTORS; ALLOCATIONS TO BE ENHANCED IN REGULAR BUDGET IN JULY.
Mar 01, 2009 ... PLAN FOCUSES ON SOCIAL SECTORS; ALLOCATIONS TO BE ENHANCED IN REGULAR BUDGET IN JULY CHANDRA SHEKHAR March 1, 2009 (PTI Economic Service) -- Following Parliamentary tradition, Finance Minister Pranab Mukherjee refrained from either announcing any new scheme or ...
INTERIM BUDGET HAILS FARMERS BUT SKIPS STIMULUS TO AGRICULTURE.
Mar 01, 2009 ... INTERIM BUDGET HAILS FARMERS BUT SKIPS STIMULUS TO AGRICULTURE BANIKINKAR PATTANAYAK & MANVENDRA JHA March 1, 2009 (PTI Economic Service) -- The Interim Budget 2009-10, presented by Finance Minister Pranab Mukherjee on February 16, abstained from extending any ...
INDUSTRY'S MOOD SWINGS AFTER MUKHERJEE ANNOUNCES TAX CUTS.
Mar 01, 2009 ... INDUSTRY'S MOOD SWINGS AFTER MUKHERJEE ANNOUNCES TAX CUTS PRAKASH CHAWLA March 1, 2009 (PTI Economic Service) -- Indian industry which felt let down by Finance Minister Pranab Mukherjee when he presented the interim Budget to Parliament on February 16 saw its mood ...
GOVT SET TO BORROW RS 3.08 LAKH CR DURING 2009-10, 17 PC HIGHER THAN LAST YEAR.
Mar 01, 2009 ... GOVT SET TO BORROW RS 3.08 LAKH CR DURING 2009-10, 17 PC HIGHER THAN LAST YEAR KUMAR DIPANKAR March 1, 2009 (PTI Economic Service) -- A s the government battles dwindling tax resources on account of economic slowdown, it is relying heavily on borrowing to meet the ...
INTERIM BUDGET POURS COLD WATER ON MARKET HOPES.
Mar 01, 2009 ... INTERIM BUDGET POURS COLD WATER ON MARKET HOPES MALVIKA BHATNAGAR March 1, 2009 (PTI Economic Service) -- Investors, who were hoping for some stimulus were left empty handed, as the finance minister Pranab Mukherjee played by the rule book in his presentation of the ...
SWISS BANKING SECRETS EXPOSED?
Mar 01, 2009 ... SWISS BANKING SECRETS EXPOSED? MANOJ RAMMOHAN March 1, 2009 (PTI Economic Service) -- Swiss bank accounts have always been synonymous with secrecy. But those secrets may not be secrets anymore. With the US government asking Switzerlands banking major UBS to reveal ...
GOLD TOUCHES RS.16, 000 MARK, SUGAR SLIPS AS GOVT IMPOSES STOCK LIMIT.
Mar 01, 2009 ... GOLD TOUCHES RS.16, 000 MARK, SUGAR SLIPS AS GOVT IMPOSES STOCK LIMIT SUNIL SEHGAL March 1, 2009 (PTI Economic Service) -- Breaking all previous records, gold prices surged to a new peak at Rs 16,215 per ten gram in Kolkata during the second fortnight of February ...
OIL PRICES RISE, GOLD LOSES SPARKLE.
Mar 01, 2009 ... OIL PRICES RISE, GOLD LOSES SPARKLE MANVENDRA JHA March 1, 2009 (PTI Economic Service) -- Oil prices increased during the week ended February 27 due to signs of stabilising energy demand and hints of OPEC production cuts. Gold, however, lost its sheen after breaching ...
MARKET TUMBLE IN LINE WITH MELTING OVERSEAS MARKETS.
Mar 01, 2009 ... MARKET TUMBLE IN LINE WITH MELTING OVERSEAS MARKETS RAJESH SHARMA March 1, 2009 (PTI Economic Service) -- Recession bug hit Indian bourses across the country during the past two-week as equities in large number fell sharply with the Bombay Stock Exchange benchmark ...
Rs 30 cr sales target for Poompuhar showrooms.
Mar 01, 2009 ... Rs 30 cr sales target for Poompuhar showrooms Kumbakonam (TN), Feb 28 (PTI) A sales target of Rs 30 crore had been fixed for Poompuhar handicrafts showrooms for 2009-10, Tamil Nadu Handicrafts Development Corporation President Rajagopalan said today. The corporation ...
Reconstructed Nagapattinam port dedicated to nation.
Mar 01, 2009 ... Reconstructed Nagapattinam port dedicated to nation Nagapattinam (TN), Feb 28 (PTI) The ancient port here, reconstructed at a cost of Rs 47 crore with Asian Development Bank fund after being badly damaged by the 2004 tsunami, was today dedicated to the nation by Tamil Nadu ...
Govt to loosen purse strings for medical tourism.
Mar 01, 2009 ... Govt to loosen purse strings for medical tourism New Delhi, Mar 1 (PTI) Aimed at boosting foreign tourists inflow which has been on a declining trend, government has decided to give financial aid to hospital representatives and tour operators of repute in bringing patients from ...
Delhi's fiscal health deteriorating: CAG.
Mar 01, 2009 ... Delhi's fiscal health deteriorating: CAG New Delhi, Mar 1(PTI) The Comptroller and Auditor General (CAG) has expressed concern over the deteriorating fiscal deficit in Delhi, which has increased to Rs 1,630 crore in the financial year 2007-08 from Rs 410 crore in the previous ...
Aditya Birla Retail renegotiates rentals, saves 8-10 pc/store.
Mar 01, 2009 ... Aditya Birla Retail renegotiates rentals, saves 8-10 pc/store Mumbai, Mar 1 (PTI) With the real estate sector in the midst of a slump, Aditya Birla Retail has cashed in on the opportunity to renegotiate rentals on several properties and has managed savings of 8-10 per cent on ...
Raymond bets big on Middle East, to expand store network.
Mar 01, 2009 ... Raymond bets big on Middle East, to expand store network Mumbai, Mar 1 (PTI) Textile and apparel major, Raymond, is betting big on the Middle-East and SAARC markets and plans to have a 50 strong store network in place by 2012. "We plan to expand our footprint ...
Denmark's Joe & The Juice earmarks USD 250,000 for India foray.
Mar 01, 2009 ... Denmark's Joe & The Juice earmarks USD 250,000 for India foray Mumbai, Mar 1 (PTI) Keen to capitalise on India's rapidly growing branded juice segment, Denmark's Joe & The Juice (J&J), plans to invest USD 250,000 for setting up a chain of outlets over the next one year. ...
Power utilities urge to hike tariff rates.
Mar 01, 2009 ... Power utilities urge to hike tariff rates Mumbai, Mar 1 (PTI) Utilities providing electricity to the city have pleaded for a hike in tariffs ranging from 17 per cent to 51 per cent for the next financial year. Reliance Infrastructure, Tata Power and BEST have sent ...
Manufacturing sector growth to pick up in H2 FY 10 : CMIE.
Mar 01, 2009 ... Manufacturing sector growth to pick up in H2 FY 10 : CMIE Mumbai, Mar 1 (PTI) Growth in the manufacturing sector is expected to pick-up in the second half of the next fiscal on the back of improved economic conditions and recovery, an economic think-tank said in its report. ...
HM looking at non-auto biz to stay afloat.
Mar 01, 2009 ... HM looking at non-auto biz to stay afloat Kolkata, Mar 01 (PTI) For the first time in its history, Hindustan Motors Limited (HM) is looking at the non-auto business as an option to stay afloat in challenging times. An official of HM, which supplies auto-components to ...
Air India sets up global aviation hub at Frankfurt.
Mar 01, 2009 ... Air India sets up global aviation hub at Frankfurt New Delhi, Mar 1 (PTI) In a major initiative towards strengthening its global network, Air India will make its first-ever international hub operational at Frankfurt this month-end, launching scissor operations to and from North ...
Rihanna and Chris Brown are back together.
Mar 01, 2009 ... Rihanna and Chris Brown are back together Los Angeles, Mar 1 (PTI) R&B singer Chris Brown and Rihanna are back together three weeks after he allegedly assualted her, the people.Com reported. "They're together again. They care for each other," a source told the ...
Kate Hudson and Owen Wilson to start family.
Mar 01, 2009 ... Kate Hudson and Owen Wilson to start family London, Mar 1 (PTI) The on and off couple Kate Hudson and Owen Wilson are back together and planning to start a family. After publicly showcasing their renewed romance in Paris earlier this week, the couple seems to be ready ...
Real to hit air tomorrow.
Mar 01, 2009 ... Real to hit air tomorrow New Delhi, Mar 1 (PTI) Real, a Hindi entertainment channel by Real Global Broadcasting (RGB), a 50:50 joint venture between Alva Brothers Entertainment and Turner International, will be on air from Monday. The channel will be a part of the Zee ...
Regulatory Authority for warehousing sector soon.
Mar 01, 2009 ... Regulatory Authority for warehousing sector soon New Delhi, Mar 1 (PTI) The government is likely to form a Warehousing Regulatory Authority soon for facilitating credit extended to the farmers from banks against their produce stored in accredited godowns. "The ...
Maize prices remained stable last week.
Mar 01, 2009 ... Maize prices remained stable last week New Delhi, Mar 1 (PTI) Maize remained stable during the past week and averaged at Rs 8,164 per tonne on account of some export enquiries, especially to the South-East Asia region, according to the US Grains Council. "Prices (of ...
Nafed may get to offload cotton at a discount on MSP.
Mar 01, 2009 ... Nafed may get to offload cotton at a discount on MSP New Delhi, Mar 1 (PTI) The Agriculture Ministry may soon approach the Cabinet to provide incentive to farm co-operative Nafed for offloading cotton at a discount amid similar arrangement made for Cotton Corporation of India ...
BSNL, MTNL's 3G network not security-compliant, IB tells DoT.
Mar 01, 2009 ... BSNL, MTNL's 3G network not security-compliant, IB tells DoT New Delhi, Mar 1 (PTI) The recently-introduced 3G mobile services of BSNL and MTNL have come under Home Ministry's scanner, with security agencies asking DoT to tell PSUs to put in place monitoring mechanism to IB's ...
Govt allows 10 sick PSUs to sell their surplus land.
Mar 01, 2009 ... Govt allows 10 sick PSUs to sell their surplus land New Delhi, Mar 1 (PTI) The government has allowed 10 sick public sector units to sell their surplus land for raising resources to turnaround their balance sheets. The Board of Reconstruction of the Public Sector ...
General Electric to lower dividend by 68 pc.
Mar 01, 2009 ... General Electric to lower dividend by 68 pc New York, Mar 1 (PTI) Diversified conglomerate General Electric is all set to slash its quarterly dividend by two-thirds to 10 cents per share, reportedly the first ever quarterly cut since the 1930s. The move is yet another ...
RBI likely to cut key rates by 50 bps in March: Experts.
Mar 01, 2009 ... RBI likely to cut key rates by 50 bps in March: Experts New Delhi, Mar 1 (PTI) With the economy growing at a low pace of a little over 5 per cent in October-December period, the lowest in any quarter, the Reserve Bank may now cut key rates to provide stimulus to the sagging ...
India's sugar output may dip 39 pc to 16 million tonnes: ISMA.
Mar 01, 2009 ... India's sugar output may dip 39 pc to 16 million tonnes: ISMA New Delhi, Mar 1 (PTI) Sugar output in India may slump 39 per cent to 16 million tonnes this season, prompting the largest consuming nation in the world to import a projected 1.5 million tonnes, according to an ...
Investors' queries on financial info answered: Siemens.
Mar 01, 2009 ... Investors' queries on financial info answered: Siemens New Delhi, Mar 1 (PTI) Siemens Ltd, the domestic arm of German diversified industrial conglomerate Siemens AG, has said "additional information" sought by some of its investors regarding the company's profits figure prior to ...
Top 10 firms lose Rs 21k cr in a month; RIL leading the pack.(Company rankings)
Mar 01, 2009 ... Top 10 firms lose Rs 21k cr in a month; RIL leading the pack Mumbai, Mar 1 (PTI) The country's top-10 firms lost over Rs 21,000 crore from their market capitalisation in February, with Reliance Industries alone accounting for close to half of the value erosion from the elite ...
BDR mutiny: Surviving Army officers recall ordeal.
Mar 01, 2009 ... BDR mutiny: Surviving Army officers recall ordeal Dhaka, Mar 1 (PTI) Giving a chilling account of the bloody BDR mutiny, Bangladeshi Army officers have revealed that about 20-25 soldiers instigated others to massacre their superiors, one of whom pretended to be dead by smearing ...
Nokia offers VRS-like plan to cut 1000 jobs;no impact on India.
Mar 01, 2009 ... Nokia offers VRS-like plan to cut 1000 jobs;no impact on India New Delhi, Mar 1 (PTI) The world's largest mobile phone maker Nokia is looking to trim its global workforce by as many as 1,000 through a voluntary departure package, but this will not impact the firm's Indian ...
Kurl-On to set up three new facilities and 25 stores in India.
Mar 01, 2009 ... Kurl-On to set up three new facilities and 25 stores in India New Delhi, Mar 1 (PTI) Mattress maker Kurl-On is looking at increasing its production capacity and retail presence in India with plans to set up three more manufacturing units and 25 outlets within next one year. ...
USDA projects higher wheat output than govt's own estiamte.
Mar 01, 2009 ... USDA projects higher wheat output than govt's own estiamte New Delhi, Mar 1 (PTI) The US Department of Agriculture has pegged India's wheat production at a record 79 million tonnes this year, about 1.2 million tonnes higher than the Indian government's estimate of 77.78 million ...
Govt offers half-baked cake to CLB on Maytas board takeover.
Mar 01, 2009 ... Govt offers half-baked cake to CLB on Maytas board takeover New Delhi, March 1 (PTI) The Government, which moved the Company Law Board seeking to supersede boards of Maytas firms, has till now failed to put forth its side of the story in a convincingly manner, leave aside ...
Govt expects 7 pc growth in FY'09, financial firms disagree.
Mar 01, 2009 ... Govt expects 7 pc growth in FY'09, financial firms disagree New Delhi, Mar 1 (PTI) Even as the economic growth rate nosedived to 5.3 per cent in the third quarter, the government is still confident of achieving close to 7 per cent growth this fiscal, but global financial ...
Indian stocks worst performer among BRIC countries in February.
Mar 01, 2009 ... Indian stocks worst performer among BRIC countries in February New Delhi, Mar 1 (PTI) Finding it difficult to wriggle out of the bear grip, Indian equities have given the worst returns to investors compared to their peers in the three other BRIC nations Brazil, Russia and China ...
Lok Sabha polls to cost more than US presidential election.
Mar 01, 2009 ... Lok Sabha polls to cost more than US presidential election New Delhi, Mar 1 (PTI) At a staggering Rs 10,000 crore, the Lok Sabha polls this summer would cost more than what Barack Obama and others spent in the US presidential race. According to information available ...
After CAG stricture, Nafed to ensure quality in procurement.
Mar 01, 2009 ... After CAG stricture, Nafed to ensure quality in procurement New Delhi, Mar 1 (PTI) Agri cooperative major Nafed has decided to take help of professional surveyors to the test quality of crops before buying them at the support price due to strictures from the CAG on earlier ...
StanChart to hire 2,000 professionals in 2009: Official.
Mar 01, 2009 ... StanChart to hire 2,000 professionals in 2009: Official Mumbai, Mar 1 (PTI) Global Banking giant, Standard Chartered today said it has no plans to freeze hiring in India despite the challenging market conditions and would recruit around 2,000 professionals this year. ...
Orissa moots five industrial corridors, to become steel hub.
Mar 01, 2009 ... Orissa moots five industrial corridors, to become steel hub Bhubaneswar, Mar 1 (PTI) With investment proposals worth Rs six lakh crore in hand, the Orissa government has prepared an ambitious plan to develop five industrial corridors (IC) in a bid to meet the state's vision of ...
Moser Baer PV to expand overseas presence; hire 400 people.
Mar 01, 2009 ... Moser Baer PV to expand overseas presence; hire 400 people New Delhi, Mar 1 (PTI) Bullish on the solar power market, Moser Baer India plans hire 400 people for its photovoltaic arm as it expands its footprint in the European markets and forays into the United States. ...
Indian gaming industry to touch Rs 2,740 cr by 2013.
Mar 01, 2009 ... Indian gaming industry to touch Rs 2,740 cr by 2013 New Delhi, Mar 1 (PTI) Riding high on the boom in the country's animation industry, the gaming sector is poised to touch Rs 2,740 crore in 2013, according to a study. The FICCI-KPMG study stated that the gaming ...
Penning a success story even in the face of recession.
Mar 01, 2009 ... Penning a success story even in the face of recession Mumbai, Mar 1 (PTI) Bucking the recessionary trend, the Rs 2,100-crore writing instruments industry has continued to chart a growth rate of eight per cent on a year-on-year basis. "Despite recessionary trends, the ...
JumboKing to invest Rs 10 cr, to take store count to 100.
Mar 01, 2009 ... JumboKing to invest Rs 10 cr, to take store count to 100 Mumbai, Mar 1 (PTI) Aiming to consolidate itself first in its strongest market, Mumbai, fast-food chain JumboKing Foods, plans to expand aggressively in the city by opening 60 more outlets this year at an investment of Rs ...
Indian ADRs lose nearly $8 bn in Feb; Wipro sheds $1.8 bn.
Mar 01, 2009 ... Indian ADRs lose nearly $8 bn in Feb; Wipro sheds $1.8 bn New York, March 1 (PTI) Indian companies trading on American bourses saw their market valuation tumble by about eight billion dollars in February, with IT majors -- Infosys and Wipro -- accounting for nearly half of the ...
PepsiCo to spend USD 5 mn on kids, women in India, B'desh.
Mar 01, 2009 ... PepsiCo to spend USD 5 mn on kids, women in India, B'desh New Delhi, Feb 28 (PTI) As part of its corporate social responsibility (CSR) initiative, soft drink major PepsiCo will be spending five million dollar (about Rs 25.5 crore) over malnourished children in India and ...
D-Street may start on positive note this week: analysts.
Mar 01, 2009 ... D-Street may start on positive note this week: analysts Mumbai, Mar 1 (PTI) Dalal Street is likely to remain on tenterhooks this week on weak global cues, even as positive domestic triggers like hopes of a interest rate cut and proposed merger of Reliance Petroleum with RIL, may ...
Rolls Royce not to lower India sales target for 2009.
Mar 01, 2009 ... Rolls Royce not to lower India sales target for 2009 New Delhi, Mar 1 (PTI) Super luxury car maker Rolls Royce Motor Cars Ltd, which sells the Phantom range of luxury sedans, is eyeing to sell 14 cars in India in the current calendar year, same as it did in the last year. ...
Record prices push tobacco exports up 39 pc till Jan.
Mar 01, 2009 ... Record prices push tobacco exports up 39 pc till Jan New Delhi, Mar 1 (PTI) Tobacco shipment from India, the third-largest exporter in the world, shot up by about 39 per cent to reach Rs 2,561 crore till January this fiscal, aided by a surge in prices overseas and weakening ...
Tax dues can claim priority over private debts: Supreme Court.
Mar 01, 2009 ... Tax dues can claim priority over private debts: Supreme Court New Delhi, March 1 (PTI) In recovering debts or enforcing security interests, the State's right to sales tax dues, etc will have priority over claims of banks, financial institutions and secured creditors, the Supreme ...
Five going jobless every passing minute this year.
Mar 01, 2009 ... Five going jobless every passing minute this year New York, Mar 1 (PTI) With every one minute ticking on the clock, the companies from across the world are terminating an average of five positions -- taking the total job losses in the first two months of 2009 to about four lakh ....
Chennai autos set to go limousine way.
Mar 01, 2009 ... Chennai autos set to go limousine way Chennai, Mar 1 (PTI) They are no limousines but a new fleet of autorickshaws with air cooler, DVD player and tinted windshield here offering a luxurious ride that few could resist. The luxury autorickshaw, an innovative idea of ...
Banks need to cut lending rates on SME loans : AIAI.
Mar 01, 2009 ... Banks need to cut lending rates on SME loans : AIAI Mumbai, Mar 1 (PTI) To help the small and medium enterprises tide over the curent economic downturn, an industry body has sought the Reserve Bank's intervention to ask banks to lend them at the rate of eight per cent. ...
RAIL-INSULATORS.
Mar 01, 2009 ... RAIL-INSULATORS Rlys to install advance insulators on its electrified lines Zishan Haider New Delhi, Mar 1 (PTI) Indian Railways has decided to install new class of insulators in its network that would improve service life of electrified lines across the country. ...
British oppn leader mourns death of son.
Mar 01, 2009 ... British oppn leader mourns death of son London, Mar 1 (PTI) Britain's main opposition leader David Cameron, whose six-year-old son died due to severe epilepsy and cerebral palsy, says the sudden demise of his child is very painful to the family, leaving "a hole in our lives so ...
American woman with 2 uteri delivers twins.
Mar 01, 2009 ... American woman with 2 uteri delivers twins New York, Mar 1 (PTI) In a rare case, a 21-year-old woman with two uteri has given birth to twin daughters - one from each womb - in the US state of Michigan. Mother of a ten-month-old boy, Sarah Reinfelder delivered Valerie ...
Kiwi youngsters pose serious threat to Men In Blue's supremacy.
Mar 01, 2009 ... Kiwi youngsters pose serious threat to Men In Blue's supremacy Joseph Hoover Wellington, Mar 1 (PTI) When Mahendra Singh Dhoni's legion set sail for the Antipodes 10 days ago they were a confident bunch, pretty much sure they could vanquish New Zealand in their own ...
16 Tibetan activists arrested.
Mar 01, 2009 ... 16 Tibetan activists arrested Kathmandu, Mar 1 (PTI) Nepal police had arrested 16 Tibetan exiles, including five women activists, who were trying to stage a pro-Tibet demonstrations near the Chinese Embassy here, a police officer said. The arrests were made yesterday ...