Capital

  • Andhra Pradesh panel on new capital to tour Asian nations to study models 4 days ago

    Hyderabad: After completing tours in the country, members of a special committee set up by the Andhra Pradesh Government to study various models for building the new capital of the State, will visit Singapore, Malaysia and China as part of their assignment. The panel, headed by Municipal Administration and Urban Development...
  • Meteorite smashes into Nicaraguan capital September 8, 2014

    Managua: A mysterious explosion that rocked Nicaragua's crowded capital Managua, creating a large crater, appears to have been caused by a meteorite, officials said on Sunday. Amazingly, in a sprawling city of 1.2 million people, the impact near the international airport did not cause any known injuries, but it did leave...
  • AP: Turning Vijayawada into a world class city will be a big challenge for Naidu government September 4, 2014

    Hyderabad: Andhra Pradesh Chief Minister N Chandrababu Naidu on Thursday announced Vijayawada as the capital of Andhra Pradesh. The announcement was made in the state Assembly amidst protests by opposition YSR Congress demanding a discussion over the issue. The centrally located Vijayawada region will be the capital for the newly...
  • AP: With capital tag, Vijayawada set to regain pre-eminence again September 4, 2014

    Hyderabad: With Vijayawada being announced as the capital city of residuary Andhra Pradesh on Thursday by Chief Minister N Chandrababu Naidu, this historical and cultural hub is all set to regain its glory and pre-eminent position. Vijayawada in Krishna district of coastal Andhra Pradesh has traditionally occupied a prominent place in...
  • Expert panel suggests Andhra Pradesh capital should function from 3 places August 31, 2014

    New Delhi: Contrary to expectations, an expert committee set up by the Home Ministry has not recommended name of any particular place for establishment of the capital of residuary Andhdra Pradesh but suggested that the state government should function simultaneously from three different places. The committee, headed by former Union...
  • Aston Villa, QPR humbled by lowly sides in League Cup August 28, 2014

    Premier League Queens Park Rangers and Aston Villa suffered humiliating 1-0 defeats against fourth-tier Burton Albion and third-tier Leyton Orient respectively in the second round of the League Cup on Wednesday. QPR sit bottom of the Premier League with two defeats from as many games but were expected to make light...
  • Manchester United travel to MK Dons in League Cup August 14, 2014

    Manchester United will travel to third-tier MK Dons in the Capital One Cup second round following the draw on Wednesday, the first time they have been involved at this stage of the competition for 19 years. United finished seventh in the Premier League last season, missing out on Europe and ensuring...
  • Crony capitalism hampers economic growth: RBI governor August 11, 2014

    Mumbai: Reserve Bank Governor Raghuram Rajan on Monday came out strongly against "crony capitalism", saying it kills transparency and competition and hence is harmful to free enterprise, opportunity and economic growth. "By killing transparency and competition, crony capitalism is harmful to free enterprise, opportunity, and economic growth," Rajan said, delivering a...
  • Bring more retail investors to market: Jaitley to Sebi August 10, 2014

    New Delhi: Pitching for greater transparency in rule-making and other functions of regulators, Finance Minister Arun Jaitley on Sunday asked Sebi to work towards attracting more retail investors to the capital markets. Addressing the board of the capital markets regulator, Jaitley also asked Sebi to consider new measures to address issues...
  • Sebi bars two firms for raising funds illegally via securities August 8, 2014

    Mumbai: Sebi on Friday barred Falkon Industries India and Ravi Kiran Realty India and from raising funds through issue of securities and has also barred the companies and their respective directors from dealing in the securities market, till further directions. The capital market regulator found that Falkon Industries India had raised...
  • Bernie Ecclestone says he could bid to buy back Formula One July 5, 2014

    Silverstone: Formula One supremo Bernie Ecclestone has raised the possibility of making a multi-billion dollar bid to buy back the sport's commercial rights from owners CVC Capital Partners. "It is possible, although one or two other companies are interested and I would not enter an auction," the 83-year-old, who is on...
  • Four dead after cargo plane crashes in Kenya capital July 2, 2014

    Nairobi: Four people were killed when a cargo plane crashed shortly after takeoff at the international airport in the Kenyan capital, Nairobi, a police official said on Wednesday. The Fokker 50 aircraft transporting the mild stimulant known as Khat to the Somali capital, Mogadishu, crashed into a residential building after...
  • Government extends reduced excise duties on some goods for 6 months June 25, 2014

    New Delhi: The Narendra Modi government on Wednesday decided to extend the excise duty concessions announced by the previous UPA-II government in its interim budget for another six months till December 31, 2014. Finance Minister Arun Jaitley said that the reduced excise duties on automobiles, capital good and consumer durables...
  • Tax efficiency should improve : Mohandas Pai, Chairman, Aarin Capital June 18, 2014

    Mohandas Pai, Chairman, Aarin Capital said,"The finance minister should create proper incentive for the real estate sector and for construction." In an interview with CNN-IBN he moved on to say how the tax efficiency should go up. Tax assessment is also a major issue he pointed out. He expects these...
  • Panel on new AP capital submits preliminary report to Naidu June 14, 2014

    Hyderabad: The expert committee formed by the Centre to study various alternatives regarding the new capital for Andhra Pradesh submitted its preliminary report to Chief Minister N Chandrababu Naidu on Saturday. The five-member panel, headed by former Urban Development Secretary K C Sivaramakrishnan, had toured Visakhapatnam, Rajahmundry, Vijayawada and Guntur as...
  • Bain sues Ernst & Young over $60 mn loss in Lilliput Kidswear June 13, 2014

    Hong Kong/Mumbai: Global private equity firm Bain Capital Partners LLC is suing EY in a United States court, claiming that the auditing firm cost it roughly $60 million by advising it to invest in Lilliput Kidswear, a children's clothing company in India. Bain alleges that it invested around $60 million in...
  • Police arrests complainant, solves case of alleged robbery June 11, 2014

    The police has cracked a case where cash worth Rs 6 lakh was looted, with the arrest of the complainant, police said. The complainant, Gaurav Sharma (23), who is an agent of the Tata Capital Finance Services Ltd complained to the police that when he was on his way from Vidisha...
  • Panel on new AP state capital to submit report by August 31 May 11, 2014

    Vijayawada: The Sivarama Krishnan Committee constituted by the Union Home Ministry to study various options to set up the residual state of Andhra Pradesh's new post-bifurcation state capital, would not propose any particular place, one of its members said on Sunday. Panel member and director of the National Institute of Public...
  • Man sentenced to death for setting ablaze his wife, 3 daughters in 2008 April 23, 2014

    A man has been sentenced to death by a local court for killing his wife and three children six years ago. Additional district judge SM Haseeb on Tuesday said that the case fell in the "rarest of rare category" and awarded capital punishment to Hashim Sheikh. Sheikh had burnt alive his...
  • Coal scam: CBI recommends closure report in two cases April 21, 2014

    New Delhi: The Central Bureau of Investigation on Monday recommended closure report in the FIR against JLD Yavatmal Energy and Jas Infrastructure Capital Pvt. Ltd lodged in September 2012 in the coal blocks alloaction case. The CBI said that there is lack of prosecutable evidence against the two companies. The companies...
  • Narendra Modi supports crony capitalism, says Chidambaram April 13, 2014

    The Congress continues to target BJP's prime ministerial candidate Narendra Modi and Finance Minister P Chidambaram has now said that the former supports crony capitalism. In an interview to CNN-IBN, Chidambaram also hit out at India Inc for calling business leaders fickle. ...
  • World's 'longest-serving' death row inmate to have a retrial in Japan March 27, 2014

    Tokyo: A Japanese court on Thursday ordered the release and a retrial of an ageing prisoner accused of murder who served on death row for over 30 years, amid doubts about the evidence used to convict him. Japan and the United States are the only two Group of Seven rich nations...
  • Coal scam: CBI to file status report in SC tomorrow March 9, 2014

    CBI will be submitting a status report on Monday informing Supreme Court about the progress made in the coal scam probe and on filing charge sheet in one of the cases registered by the probe agency in 2012. Sources in the investigating agency said that a charge sheet was likely to...
  • Rana Dasgupta's 'Capital' a brilliant take on 21st Century Delhi March 7, 2014

    Rana Dasgupta's Capital was making waves at the Jaipur Literary Festival this year. I couldn't attend any of his sessions there but the book caught my fantasy. It looked beautiful in a black & golden jacket, shining all the way. Then it was at a famous bookstore in Delhi, where I...
  • Pellegrini lands first trophy in Europe, now wants more March 3, 2014

    London: It has been a long time arriving but Manuel Pellegrini can finally celebrate some meaningful European silverware - 10 years after arriving in Spain as a relative unknown. The Chilean coach, who earned plaudits for his work at unfashionable Villarreal and Malaga, either side of a brief stint at Real...
  • California couple finds $10 million in buried treasure while walking dog February 26, 2014

    A trove of rare Gold Rush-era coins unearthed in California last year by a couple as they walked their dog may be the greatest buried treasure ever found in the United States, worth more than $10 million, a currency firm representing the pair said on Tuesday. The 1,400 gold pieces, dating...
  • Nasri warns City against Cup defeat ramifications February 25, 2014

    Samir Nasri has warned his Manchester City team-mates that failure to beat Sunderland in Sunday's Capital One Cup final could derail a season that currently has them in contention for four trophies. City beat Stoke 1-0 on Saturday to keep them third in the Premier League, three points off leaders Chelsea...
  • Gurgaon, Noida land prices may fall with fresh supply in Delhi February 6, 2014

    Land prices in Gurgaon and Noida could fall as over 70,000 acre is likely to come in the Delhi market because of DDA's new land pooling policy, property consultant CBRE said on Thursday. "The land pooling policy will prove to be positive for the National Capital Region (NCR) in the long-term,...
  • Sunderland beat Manchester United on penalties in League Cup January 23, 2014

    Manchester: Manchester United's troubled season took another turn for the worse when they lost 2-1 to Sunderland in an error-strewn penalty shootout in their League Cup semi-final on Wednesday. United looked to be heading for the final against Manchester City when they led 1-0 two minutes from the end of...
  • 4 business turnarounds in the making January 17, 2014

    1. Mining Moguls The unexpected winding up of the Shah Commission, which was investigating illegal mining, may have raised environmentalists' eyebrows, but the Indian mining sector is looking forward to a better year. Mining had stalled for about two years, hurting mining and steel companies like Sesa Goa and JSW Steel....