New Delhi: Delays in execution of mega infrastructure projects has seen a massive Rs 52,446 crore jump in their original cost estimates. The cost escalation has gone up by 36 per cent from Rs 1,45,271 crore to Rs 1,97,716 crore as on May 31, 2012, official figures state. The cost overrun pertains to 28 power projects, 36 railway projects and 84 schemes of Ministry of Road Transport and Highways (MoRTH)....
03:31 AM, Aug 21, 2012
New Delhi: Low-cost sleek tablets, some with exceptional features, have flooded the price-conscious Indian market in recent months, challenging expensive brands. According to Vishal Tripathi, principal research analyst, Gartner Research, there has been a significant uptake of tablets in the market as compared to last year. "The demand for such devices from the enterprise verticals has gone up. Sectors such as insurance have started using tablets for front-end customisation. Even...
11:04 AM, Aug 13, 2012
Hyderabad: The Haj pilgrimage is almost two months away but already cancellations have started with hundreds of people backing out due to the steep rise in costs. According to officials, as many as 360 have opted out after applying. The declining value of the rupee in the international market has thrown the plans of these pilgrims out of gear. Besides, the increase in airfare and accommodation costs also forced them...
02:31 PM, Aug 09, 2012
London: All the way from Errol Flynn to Kevin Costner, Hollywood has always been all a-quiver about Robin Hood and his trusty bow and arrow. Now the heroine of a science fiction romp has made archery a cool sport again. Thanks to The Hunger Games, teenagers are queuing up to try their hand and, with the huge media hype, the Olympics are helping to bring archery out of the shadows...
05:22 PM, Jul 30, 2012
London: An Kae Um won North Korea's first Olympic gold medal at London Games on Sunday in the women's judo 52-kilogram category. The 20-year-old An defeated Acosta Bermoy of Cuba in the final in a match that went into overtime. An won in the final minutes with a decisive throw that landed Bermoy on her back. An won silver at the Beijing Games four years ago. Earlier in the day,...
10:49 PM, Jul 29, 2012
Cardiff: Brazil scored two early goals and got two more from Marta in the second half to easily defeat Cameroon 5-0 at the London Olympics on Wednesday, getting off to a good start on its quest for its first major title in women's football. Francielle converted a free kick in the seventh minute and Renata Costa increased the lead with a header from a corner in the 10th, then Marta...
01:34 AM, Jul 26, 2012
New Delhi: The trailer of 'Man of Steel' is out. Directed by Zack Snyder, the film stars Henry Cavill, Amy Adams, Michael Shannon, Kevin Costner, Diane Lane, Laurence Fishburne, Antje Traue, Ayelet Zurer, Christopher Meloni, and Russell Crowe in prominent roles. ...
04:13 PM, Jul 24, 2012
New Delhi: Indian IT companies, including market leaders TCS and Infosys, may have to bear huge costs towards employee visa fees going ahead, which in turn can put pressure on their profit margins. Difficult visa norms, particularly in the US - one of the most important markets for the Indian software companies - have already made an adverse impact on their operating margins in the first quarter of the current...
01:16 PM, Jul 15, 2012
Legionowo: Greece captain Costas Katsouranis is hoping for a minor miracle when his team goes looking for their first ever victory against Germany in the European Championship quarter-finals on Friday. A convincing Germany side advanced to the last eight after three straight group wins, while Greece's 1-0 victory over Russia " their first win at a European Championship since lifting the trophy in 2004 " saw the team scrape through....
10:03 AM, Jun 21, 2012
Milan: Ferrari president Luca Di Montezemolo is urging Formula One to look into immediate cost-cutting strategies. The series has seemed largely immune to the European financial crisis. On Wednesday, Montezemolo says on Ferrari's website that F1 cannot "ignore" the crisis anymore and "we need to tackle urgently and with determination the question of costs." Ferrari was among the first to quit the teams' association last year in a dispute over...
11:17 AM, Jun 19, 2012
New York: Nokia shares partially recovered from a massive sell-off from a day earlier, with at least two Wall Street analysts upgrading the telecom after it said it would slash 10,000 jobs and close plants in an effort to turn around its business. The company's upcoming Windows 8 phones will be a key turning point for the Finnish company, analysts say - in one direction or another. However, Moody's ratings...
10:21 AM, Jun 16, 2012
If stamp duty documents are to be believed, Bollywood superstar Salman Khan's new address is the costliest in the country. According to papers recently made public yesterday, the actor has coughed up Rs 1.85 lakh per square foot for the apartment in a building named 'The Address', located on Bullock Cart Road, Bandstand, at a stones' throw away from Mannat, the mansion owned by arch-rival Shah Rukh Khan. This is...
12:15 PM, Jun 08, 2012
Mumbai: At the opening ceremony for Daimler AG's $850 million India factory, Chairman Dieter Zetsche stepped down from the cab of a gleaming yellow 25-tonne truck with scaled-down horsepower, a stripped-back gearbox and no sign of the iconic Mercedes-Benz three-pointed star on its grille. Daimler has been assembling high-end trucks in India for years, but its recently launched cut-price BharatBenz line has joined a trend by global heavy equipment manufacturers...
01:19 AM, May 13, 2012
NEW DELHI: The price for various services at Chennai Airport may see a 90 per cent hike as Airports Authority of India (AAI) has proposed a User Development Fee (UDF) of Rs 160 and Rs 500 on domestic and international passengers, respectively.The proposal for UDF as well as other charges is now with the Airports Economic Regulatory Authority of India (AERA), which is likely to give its final decision in...
11:09 AM, May 07, 2012
London: The Force India Formula One team must pay legal costs of more than $1 million Dollars within two weeks after a copyright case involving rivals Caterham and the operators of an Italian wind tunnel, a judge ruled on Friday. Court sources said Mr Justice Arnold awarded Mike Gascoyne, Caterham's chief technical officer, an interim payment of costs of 400,000 Pounds and 1Malaysia Racing Team of 250,000 Pounds. 1Malaysia Racing...
01:50 PM, May 05, 2012
Even as trade unions the world over are celebrating May Day with rallies, holidays and discussions, questions are being asked about the role of labour outfits in the changed liberal and globalised scenario. "Trade unions everywhere are losing their revolutionary character and are seen degenerating into litigation committees, striking deals and bargains with managements. Their preoccupation is no longer waging a class struggle or sharpening the political consciousness of their...
01:25 PM, May 01, 2012
New Delhi: International Labour Day (also known as May Day or International Workers' Day) celebrates the various labour and left-wing movements across the world. It is mostly observed by holding street marches and demonstrations by working class people and their labour unions. May 1 is a national holiday in more than 80 countries. It is also celebrated unofficially in many other countries. Labour Day has its origins in the eight-hour...
12:43 PM, May 01, 2012
New Delhi: Describing labourers as "catalyst of growth", Delhi Chief Minister Sheila Dikshit on Monday promised better facilities including low-cost flats for them in the city. "The government intends to make available houses for the labourers so that their housing needs can be addressed," Dikshit said at a function organised on the eve of International Labour Day. Dikshit also presented awards to 39 labourers in recognition of their dedication and...
05:36 AM, May 01, 2012
New Delhi: Datawind, the company that made headlines with the Aakash tablet, has now announced the launch of two new 7-inch low-cost tablets - the Ubislate 7+ and Ubislate 7c with prices starting at Rs 2999 for the 7+. The 7c model will cost Rs 3,999. Both the tablets come with similar specifications, only that the UbiSlate 7C comes with 4GB of internal flash memory compared to 2GB in the...
04:04 PM, Apr 26, 2012
