14 killed, 30 wounded in Kashmir road accident

Jammu, May 20 (IANS) Fourteen people were killed and 30 injured when a bus going to the Valley fell into a deep gorge on the Jammu-Srinagar highway in Ramban district of Jammu region Tuesday. A senior police officer told IANS in winter capital Jammu that a bus carrying passengers from Jammu to Srinagar fell into a […]

Deposit Rs.10,000 cr for Subrata release: SC

New Delhi, May 19 (IANS) The Supreme Court Monday asked Sahara Group companies SIRECL and SHICL to deposit Rs.10,000 crore of the investors’ money to secure the release of Sahara chief Subrata Roy and two other directors who are in judicial custody since March 4, 2014. The apex court bench of Jusice T.S. Thakur and Justice […]

180 lakh tonnes wheat procured in Punjab, Haryana

Chandigarh, May 19 (IANS) Beating the record of recent years, Punjab and Haryana have procured over 180 lakh tonnes of wheat this season, officials said here Monday. “Punjab state has successfully achieved the wheat procurement target of 115 lakh tonnes on May 18 despite inclement weather conditions and untimely rains,” a spokesman of the food and […]

President pays homage to Neelam Sanjiva Reddy

New Delhi, May 19 (IANS) President Pranab Mukherjee Monday paid homage to former president Neelam Sanjiva Reddy on his 101st birth anniversary, here at Rashtrapati Bhavan. Mukherjee offered floral tributes in front of a portrait of the late president in the presence of the staff of Rashtrapati Bhavan. Born May 19, 1913, Reddy was sworn in […]

Modi’s victory signals rise of new India

The Lok Sabha election results have been surprising and stunning, to say the least. No one expected such a thumping win for the Bhartiya Janata Party in the elections and the way it decimated the Congress. The election results are quite significant – not merely because we have a single party majority in 30 years, […]

Tata Comm sells stake in African arm for $676 mn

Mumbai, May 19 (IANS) Tata Communications Monday announced it would sell its 67 percent stake in South African telecom unit Neotel to Vodacom — an arm of Vodafone Group — for around $676 million (7 billion South African Rands). “The shareholders of Neotel and Vodacom SA have announced today that they have favourably concluded an agreement […]

President congratulates South African President Zuma

New Delhi, May 19 (IANS) President Pranab Mukherjee has congratulated South African President Jacob Zuma on his re-election, the President’s Secretariat said in a release here Monday. “Heartiest congratulations on your re-election as the President of the Republic of South Africa,” the Rashtrapati Bhavan communique quoted the President as saying. “Since the end of apartheid in […]

Nitish Kumar refuses to withdraw resignation

Patna, May 19 (IANS) Nitish Kumar Monday refused to withdraw his resignation, following which the JD-U legislature party authorised him to elect a new leader. He quit as chief minister after the party’s abysmal performance in the Lok Sabha polls. He resigned Saturday after the Janata Dal-United was reduced to two seats in the general elections. […]

Sensex ends 200 points up; capital goods zoom

Mumbai, May 19 (IANS) A benchmark index of Indian equities markets Monday closed around 200 points up on the back of hopes that the new Narendra Modi-led government would take steps to revive the economy. The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE) opened at 24,340.32 points and ended trade at 24,318.44 […]

Decisive poll results positive for India’s ratings: Moody’s

New Delhi, May 19 (IANS) A landslide victory for Narendra Modi-led Bharatiya Janata Party (BJP) in the just concluded general election is “credit positive” for India’s sovereign profile as well as corporate sector, ratings agency Moody’s said Monday. In a report related to credit outlook, Moody’s said the new government’s strong mandate, which shows an overwhelming […]