Tirupati: Ahead of India's landmark 100th space mission, ISRO Chairman K Radhakrishanan on Friday offered worship at the hill shrine of Lord Venkateswara near Tirupati praying for its successful launch. Radhakrishanan is a frequent visitor to the over 2000-year-old shrine before every mission, temple sources said. The mission, in which a 720-kg SPOT-6 remote sensing satellite from France (built by ASTRIUM SAS) and a 15-kg Japanese spacecraft PROITERES would be...
06:21 PM, Sep 07, 2012
Mumbai: State Bank chairman Pratip Chaudhuri on Wednesday said he expects the Reserve Bank to leave the key policy rates unchanged, but sees a 100 basis points reduction in the cash reserve requirements (CRR) on September 17, which can help banks trim base rates. The monetary authority is expected to take call on the interest rate regime on September 17 at mid-quarter review, and it is expected that Governor D...
10:53 PM, Sep 05, 2012
New Delhi: Ratan Tata will be attending his last Annual General Meeting (AGM) as Chairman of the Tata group on Friday. He will preside over the Tata Tea AGM in Kolkata. Tata is set to retire as chairman in December 2012 and 44-year old Cyrus Pallonji Mistry, who is the current Deputy Chairman, will take over from him. Tata will step down as Chairman of Tata Sons and other group...
08:13 AM, Aug 31, 2012
Kancheepuram: A top RBI official on Monday snubbed SBI Chairman Pratip K Chaudhuri for his remarks suggesting abolition of Cash Reserve Ratio, bluntly telling him that he has to find "some other place" if he could not work as per the central bank's regulatory environment. "...if the SBI Chairman is not able to do business as per our regulatory environment, he has to find some other place," RBI Deputy Governor...
04:51 PM, Aug 27, 2012
Washington: Federal Reserve Chairman Ben Bernanke on Tuesday offered a gloomy view of the economy's prospects, but provided few concrete clues on whether the US central bank was moving closer to a fresh round of monetary stimulus. Bernanke told the Senate Banking Committee the economic recovery was being held back by anxiety over Europe's debt crisis and the path of US fiscal policy, and he expressed unease over a stagnant...
07:27 AM, Jul 18, 2012
New Delhi: It is not possible to achieve 9 per cent economic growth during the 12th Five Year Plan period that began April 1, 2012, Planning Commission Deputy Chairman Montek Singh Ahluwalia said on Friday. "It is not possible to think of 9 per cent growth. I think somewhere between 8 and 8.5 per cent is feasible," Ahluwalia said when asked about the possible economic growth during the 12th Plan...
06:31 PM, Jul 06, 2012
Brussels: European leaders agreed on Friday to create a single supervisory body for euro zone banks and to allow them to be recapitalized directly by the currency area's rescue fund without adding to government debt. European Council chairman Herman Van Rompuy said the aim was to create a supervisory mechanism involving the European Central Bank by the end of this year, and to break the "vicious circle" between banks and...
11:31 AM, Jun 29, 2012
If it is accepted, the ICC presidency will turn into a one-year ceremonial position thereby giving the chairman greater authority. ...
10:53 PM, Jun 24, 2012
New Delhi: The Central Bureau of Investigation (CBI) on Monday got a formal permission of the Centre to probe the alleged role of suspended BEML chief VRS Natarajan in connection with the Tatra vehicle deal. This comes hours after the Ministry of Defence suspended Natarajan following a recommendation by the CBI that he should be kept away from the post to ensure fair investigation. The charge of CMD was given...
08:06 PM, Jun 11, 2012
Monaco: Formula One motor racing has installed Nestle's Peter Brabeck as its chairman following a board meeting at the Monaco Grand Prix on Friday, Brabeck told Reuters. The motor racing series has been cleared to float on the stock market in Singapore but Brabeck, who chairs Swiss food group Nestle, said no final decision had been taken on whether to proceed with a listing that could value the business at...
10:16 PM, May 25, 2012
New Delhi: Rumours about the television set from Apple have been floating for quite a long time, but now there seems to be some confirmation. Foxconn, which manufactures the iPhone and iPad for Apple, reportedly, is making preparations for Apple's iTV. Terry Gou, Chairman, Foxconn, said, in an interview published by China Daily, that Foxconn is making preparations for iTV, the long-rumoured Apple's high-definition television. In addition, the report also...
02:09 PM, May 12, 2012
New Delhi: After BEML and Tatra Sipox officials, the CBI is now planning to quiz Defence Ministry officials in connection with alleged irregularities in the Tatra all-terrain vehicle deal. CBI sources said names of at least six Defence Ministry officials have been finalised who could be quizzed next week in connection with the alleged violation of Defence Procurement Rules in the Tatra truck deal between Tatra Sipox UK and public...
08:55 PM, Apr 26, 2012
New Delhi: Rajiv Shukla, the Chairman of the Indian Premier League (IPL), has rejected the media reports that the cricket tournament's popularity has gone down, saying that the IPL 5 will be a super success. Speaking to Karan Thapar on Devil's advocate, he said that the BCCI has taken steps to ensure that the injured players are treated properly. Here is the full transcript of the interview: Karan Thapar:Hello and...
09:28 PM, Apr 23, 2012
New Delhi: The CBI on Wednesday carried out searches in Delhi and NCR in connection with the Tatra truck deal case. According to the reports, the raids were conducted at residences of two ex-army officials and a Vectra employee. Sources said that these army officers were named by Vectra Chairman Ravi Rishi's employees during questioning. Teams of CBI officials carried out searches across the national capital and Noida at the...
09:57 AM, Apr 18, 2012
Islamabad: India's ruling Congress party general secretary Rahul Gandhi was invited to visit Pakistan by Bilawal Bhutto Zardari, the son of President Asif Ali Zardari, and has accepted the invite, it was reported on Sunday. Bilawal, 24, the Pakistan Peoples Party chairman, has accompanied his father on his day-long trip to India where they were invited for lunch at Indian Prime Minister Manmohan Singh's residence in New Delhi. The News...
05:32 PM, Apr 08, 2012
New Delhi: HDFC Chairman Deepak Parekh hit out against the Opposition and the coalition parties and said their style of politics is hurting India's growth. Speaking to Karan Thapar on Devil's Advocate, Parekh praised Prime Minister Manmohan Singh for his efforts and called him the cleanest Prime Minister. Karan Thapar: Hello and welcome to Devil's Advocate. As 2012 gets underway, how do India's top businessmen view the government and its...
02:27 PM, Jan 08, 2012
Helsinki: The board of directors of the Finnish-based phone maker Nokia will propose Risto Siilasmaa as its next chairman after its long-time leader, Jorma Ollila, steps down in May, the Helsingin Sanomat newspaper said, citing unnamed sources. Siilasmaa, 45, has been a Nokia board member since 2008 and is best known as the founder and the chairman of software security company F-Secure and as an active angel investor. He also...
01:32 PM, Jan 05, 2012
Karan Thapar: Hello and welcome to the Devil's Advocate. How worrying is the economic situation facing the country and how real is the government's commitment to reform? Those are the twin issues I shall discuss today with the Deputy Chairman of the Planning Commission Montek Singh Ahluwalia. Mr Ahluwalia, let's start with the state of the economy. In September the industrial growth fell to just 1.9 per cent, it's lowest...
05:24 PM, Nov 20, 2011
San Francisco: Apple Inc has named Arthur Levinson as its non-executive chairman, a move that rewards the long time Apple board member who chose it over Google Inc when the technology giants began to compete with each other. Levinson, 61, fills the vacancy left open when co-founder Steve Jobs died last month at age 56 after a long battle with pancreatic cancer. Jobs had been chairman for less than two...
11:35 AM, Nov 16, 2011
Mumbai: Ending months of indecision, the government is set to appoint a full-time chairman for life insurance giant LIC in the next ten days, a top Finance Ministry official has said. "I say it will be very shortly, that could be a week or ten days," Financial Services Secretary DK Mittal told a select group of reporters here over the weekend. Mittal blamed the delay on the long process to...
04:47 PM, Sep 18, 2011
