New York: Citigroup Inc's Automated Trading Desk had trading losses of about $20 million from Facebook Inc's botched initial public offering on Nasdaq OMX Group Inc's US exchange, a source with knowledge of the situation said on Friday. The unit's losses were in addition to claims by market makers Knight Capital Group Inc and Citadel Securities, which each had losses of $30 million to $35 million. UBS AG, the other...
12:24 AM, May 26, 2012
New Delhi: Strange but true, the subsidy on kerosene, LPG and diesel is twice the total budget of the ministries of rural development, drinking water and sanitation and, more than the budget of the Defence Ministry, Minister for Rural Development and Drinking Water Jairam Ramesh said on Friday. In his own words: "The total subsidy on diesel, kerosene and LPG comes to Rs 1,90,000 crore. Whereas, the total budget for...
07:17 PM, May 25, 2012
New Delhi: If you are planning to drop into the neighbourhood greetings card store on the Mother's Day eve, think again. At least that's what the founder of the Mother's Day would have liked you to do. Anna Jarvis, who started a campaign on May 12, 1907, to see the day officially being recognised in the US in 2014 dissociated herself from what Mother's Day had become by 1920. Anna's...
12:49 PM, May 13, 2012
Mumbai: Vijay Mallya-led United Breweries (Holdings) on Thursday said that Kingfisher Airlines has ceased to be its subsidiary after the carrier allotted shares against optionally convertible debentures to certain entities. The company said in a regulatory filing to the Bombay Stock Exchange (BSE) that it has a high exposure of over Rs 12,215.18 crore in the airline. "Kingfisher Airlines has ceased to be company's subsidiary as on February 18, 2012,...
01:21 AM, May 11, 2012
HYDERABAD: Haj is the journey of a lifetime for all practising Muslims. As such, the Supreme Courts order that the government should phase out Haj subsidy over the next 10 years has some Muslims worried in the city. Though the ruling wont affect the Qurrah or draw of lots that will be held on May 10 to select the pilgrims, a few are concerned that if they miss it now,...
08:39 AM, May 09, 2012
The Supreme Court in an interim order on Tuesday struck down the Centre's policy of giving subsidies to Haj pilgrims. ...
11:14 PM, May 08, 2012
New Delhi: The Supreme Court in an interim order on Tuesday struck down the Centre's policy of giving subsidies to Haj pilgrims. The court also asked the Centre to eliminate the policy of Haj subsidies over a period of ten years. The apex court further said, "This (subsidies) amount can be more profitably used for social and educational development of the Muslim community." The Supreme Court also directed the Centre...
08:43 PM, May 08, 2012
New Delhi: Welcoming the Supreme Court order to strike down the Centre's policy of giving Haj subsidies, Muslim Members of Parliament on Tuesday sought an arrangement which will directly benefit the pilgrims and improve standards of the minority community. "The Haj subsidy of Rs 600 crore is given to Air India and not pilgrims... Under this garb of subsidy, it (money) is going to Air India which is a sick...
12:52 PM, May 08, 2012
New Delhi: The Supreme Court in an interim order on Tuesday struck down the Centre's policy of giving subsidies to Haj pilgrims. The court also asked the Centre to eliminate the policy of Haj subsidies over a period of ten years. The Supreme Court further directed the Centre to reduce the number of its representatives to two persons to be sent along with Haj delegations. "We hold that this policy...
11:12 AM, May 08, 2012
New Delhi: India's GSM subscriber base grew by 1.04 per cent in March with addition of 6.87 million mobile phone users, with Bharti Airtel alone signing up over 2.5 million customers, according to data released by Cellular Operators Association of India. The total number of GSM subscribers in the country crossed 664 million as against 657.22 million in February. Airtel currently has 181.28 million subscribers. Idea Cellular followed Airtel by...
11:33 AM, Apr 22, 2012
Kolkata: Communications and IT minister Kapil Sibal on Tuesday said that 3G services have not been a success in the country so far. "3G has not delivered so far. The operators have paid huge money to get the bandwidth but they are not able to build the required infrastructure due to illiquidity," Sibal said at the launch of Airtel's 4G LTE services. 3G, or third generation services, which were launched...
03:51 AM, Apr 11, 2012
New Delhi: In the wake of Minister of External Affairs SM Krishna's statement on Haj subsidy, BJP on Tuesday demanded that the government should make it clear if it was seriously thinking of withdrawing it. "Till the recent Assembly elections, this government was talking about religion-based reservation but now a senior minister is saying that Haj subsidy should be withdrawn. This shows that there is definitely a change of heart...
01:32 AM, Apr 04, 2012
Kochi: Minister of External Affairs S M Krishna has suggested that the Union government is planning to do away with the subsidy given on Haj pilgrimage. Talking to reporters in Kochi on Monday, the External Affairs Minister said that a number of Muslim organizations had demanded the abolition of the subsidy. Krishna said, "A large number of Muslim organisations have approached the Centre seeking abolition of the subsidy concept for...
06:22 PM, Apr 02, 2012
Beijing: Chinese mobile phone market, the largest in the world has achieved yet another milestone by crossing the one billion subscriber mark, officials said on Friday. The number of Chinese mobile phone users reached record high of 1.01 billion last month, registering a 20.67 per cent increase, the Chinese Ministry of Industry and Information Technology (MIIT) announced. The MIIT said in a statement that the number of 3G mobile phone...
06:10 PM, Mar 30, 2012
Washington: Computer scientists, taking inspiration from the human face, are exploring whether machines can detect lies. In a study of 40 videotaped conversations, an automated system that analysed eye movements correctly identified whether subjects were lying or telling the truth 82.5 per cent of the time. That's a better accuracy rate than expert human interrogators typically achieve in lie-detection experiments, said Ifeoma Nwogu, research assistant professor at University of Buffalo's...
04:56 PM, Mar 27, 2012
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