The coal controller report recommended the Inter Ministerial Group (IMG) to de-allocate coal blocks to Jindal Steel and Bhushan Steel. ...
11:34 PM, Sep 11, 2012
New Delhi: In a major development in connection with the coal blocks allocation controversy, the coal controller report recommended the Inter Ministerial Group (IMG) to de-allocate coal blocks to Jindal Steel and Bhushan Steel. The coal controller report accessed by CNN-IBN covers as many as 18 companies and will give its final recommendations to the Coal Minister by September 15. In its report, the CCO has also recommended extension of...
09:26 PM, Sep 11, 2012
New Delhi: The Inter-Ministerial Group (IMG) on coal blocks allocations will submit its report to the Coal Ministry of India on Monday as its three-day review of 29 private sector allottees, including Jindal Steel and Power and others in which relatives of politicians held positions, have concluded. "All the coal blocks on agenda for three days (September 6-8) have been reviewed," Zohra Chatterji, Additional Secretary in the Coal Ministry who...
10:44 AM, Sep 10, 2012
Bangalore: Indian IT outsourcer Infosys Ltd, which has long said its comfort size for acquisitions is up to 10 per cent of its own revenue, is open to bigger deals given the right opportunity, a top executive said. "Whatever size it is, if it makes strategic sense, if we feel we can take it and execute it, we'll look at it," V Balakrishnan, chief financial officer of India's second-biggest software...
11:19 PM, Sep 04, 2012
New Delhi: Domestic car sales of Maruti Suzuki India declined by 35 per cent in August, hit by a month-long lockout at its Manesar plant, but the other two main players, Hyundai and Tata Motors posted positive growth during the month amid tough market conditions. Other manufacturers, Mahindra & Mahindra, Toyota Kirloskar Motor and Ford India also reported increase in their sales in August compared to the same month last...
06:14 PM, Sep 01, 2012
Kolkata: Tata group Chairman Ratan Tata on Friday offered an olive branch to West Bengal Chief Minister Mamata Banerjee during the Annual General Meeting (AGM) in Kolkata, saying his companies would make new investments in the state if the political environment improved. "We have been here because West Bengal is a part of India and we are an Indian company. We have no bias or prejudice against West Bengal. We...
02:30 PM, Aug 31, 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
New Delhi: The Central government on Tuesday rejected before the Supreme Court the allegation that the tapped conversation of corporate lobbyist Nira Radia was leaked from its side. The apex court has, however, expressed displeasure and told the government that the probe report on Radia tape leakage was hardly satisfactory. The Supreme Court has pulled up the government for not putting in place a mechanism to prevent such leakage of...
01:13 PM, Aug 28, 2012
New Delhi: The Supreme Court on Friday issued notice to Tata Motors on a petition of the West Bengal government challenging a Calcutta High Court order that held as unconstitutional its Singur land act to reclaim 400 acres given to the company. A bench of Justice HL Dattu and Justice CK Prasad, however, said the high court's interim order allowing the state government to keep the possession of the land...
01:40 AM, Aug 25, 2012
Tata Motors is reportedly working on three new products with an emphasis on a car which will bridge the gap between the Nano and Indica. Sources say that the company will be launching these three new cars within the next nine months. This move from Tata may be to ease off the tremendous pressure on sales that its cars had to bear in the recent past with on-slaught from other...
04:06 PM, Aug 24, 2012
New Delhi: In a relief for the West Bengal government, Supreme Court on Friday stayed the Calcutta High Court judgement which had struck down Singur act as unconstitutional. The Supreme Court sought response of Tata Motors on a special leave petition filed by the West Bengal government challenging the quashing of the Singur Land Acquisition Act by the state high court. Earlier, the Calcutta High Court had held the Singur...
11:42 AM, Aug 24, 2012
New Delhi: The Government on Thursday filed a report in the Supreme Court saying it has been unable to find the source which leaked the tapes containing conversation between corporate lobbyist Nira Radia and others including Tata Group Chairman Ratan Tata. "In a nutshell, the report says it is difficult to find by which source it was leaked," a bench comprising justices GS Singhvi and SJ Mukhopadhaya said, after perusing...
01:22 PM, Aug 23, 2012
Mumbai: Tata Group Chairman Ratan Tata in a lighter vein on Wednesday said shareholders would probably remember him, after he stands down in December end, for his stinginess when it comes to dolling out bonuses. To a shareholder's query at the 73rd AGM of Tata Chemicals about low bonuses being doled out by the company, though the parent company being a $ 100 billion entity, Tata in a jocular vein...
12:46 PM, Aug 23, 2012
New Delhi: Tata Group Chairman Ratan Tata on Wednesday faced some questions in the Supreme Court on his petition seeking a direction to the Centre for disclosure of the inquiry report into the leakage of controversial tapes containing conversations of former corporate lobbyist Nira Radia with him and others. A bench of justices GS Singhvi and SJ Mukhopadhaya asked on how he can seek a copy of the report as...
07:10 PM, Aug 22, 2012
According to the CAG report on coal blocks allocations, nearly 44 billion tonnes of coal were given away at throwaway prices to private companies during the tenure of Manmohan Singh as Coal Minister. ...
11:52 PM, Aug 21, 2012
According to the CAG report on coal blocks allocations, nearly 44 billion tonnes of coal were given away at throwaway prices to private companies during the tenure of Manmohan Singh as Coal Minister. ...
09:58 PM, Aug 21, 2012
One does not attain freedom from the bondage of Karma by merely abstaining from work. No one attains perfection merely by giving up work Because no one can remain actionless even for a moment. Everyone is driven to action, helplessly indeed, by the Gunas of nature The deluded ones, who restrain their organs of action but mentally dwell upon the sense of enjoyment, are called hypocrites The one who controls...
01:04 PM, Aug 21, 2012
New Delhi: The government is all set to brave a raging attack from the Opposition on Monday as the Parliament takes up the CAG report on coal blocks allocations. A belligerent BJP-led Opposition will seek to corner Prime Minister Manmohan Singh in the coal scam case. According to the CAG report on coal blocks allocations, nearly 44 billion tonnes of coal were given away at throwaway prices to private companies...
07:49 AM, Aug 21, 2012
Popular US TV show host Jay Leno has a collection of over a hundred vintage and sports cars but the one he loves to talk about is the India-built Tata Nano. ...
08:46 AM, Aug 19, 2012
New Delhi: Just like all legendary tales start... On November 16, 2011 a certain absurd sounding tune went viral immediately after its release, across India, across the world. Why this Kolaveri Di - meaning 'Why do you have this murderous rage against me?' - a composition by none-other-than superstar Rajinikanth's son-in-law Dhanush, got 3.5 million views on YouTube, more than 1 million shares on Facebook, and trended first on Twitter...
05:00 PM, Aug 17, 2012
