Free Press Journal
  • Mahindra claims victory over Global Vehicles

    New Delhi : Auto major Mahindra & Mahindra has claimed victory in legal proceedings in England over its estranged US distributor Global Vehicles.

  • Innovative Art Show

    What: An innovative group exhibition covering works of 30 contemporary artists of international repute and the relevant visual standards. This show is being curated by Suraj Laheru, a well-known and reputed personality in the contemporary art world.

  • Gadkari slaps defamation suit on Diggy Raja

    New Delhi : BJP President Nitin Gadkari on Friday served a criminal defamation notice on Congress general secretary Digvijay Singh for implicating him in the allocation of a coal block.

  • Coal gate comes under SC lens

    Court wants to know whether guidelines were flouted in allotments and why names of politicians and their kin have cropped up among the illegal allotees.

  • A fast & furious friday for fdi

    The government was seen in overdrive over the weekend, clearing FDI proposals in several sectors at one stroke, as if crossing multiple hurdles in one jumbo run where it had earlier stumbled at the very first block and was forced to turn back.  Commerce Minister Anand Sharma said the decision on FDI in retail was “not sudden” and industry welcomed the move  but there was no cheer among the Opposition parties and

  • Bharti Infratel to raise $1 bn via IPO by Dec

    Mumbai : Bharti Intratel, the telecom tower arm of mobile major Bharti Airtel, today filed for a USD 1 billion initial public offer (IPO) to divest 10 % stake by the year-end, said a senior merchant banking source directly involved with the deal.

  • Sensex raises a 443-pt toast to fuel hike, QE3

    Mumbai : Markets staged a spectacular rally on Friday triggered by diesel price hike and US Federal Reserve’s move to unveil a new economic stimulus plan with the Sensex logging its best single-day gain this year. The index vaulted 443 points to a 14-month high of 18,464.27. The S&P CNX Nifty zoomed by a massive 142 points or 2.62% to end at 5,577.65. Sensex closed at 18,518.22 on July 26, 2011.

  • Gold, oil jump on US Fed stimulus plan

    New Delhi : UD Federal reserve’s announcement of fresh stimulus plan, on Friday, injected wave of optimism in oil and gold market. Gold prices touched new all-time high of Rs.32,200 per 10 grams in Mumbai and Rs.32,900 per 10 grams in Delhi on Friday. While, silver rose by Rs 800 to Rs 62,000 per kg.

  • Will Mamata do a Left on UPA?

    Furious Didi sets 72-hour deadline but UPA has decided to call her bluff 

  • Truckers body warns of strike if govt doesn’t roll back diesel hike

    New Delhi : The All India Motor Transport Congress (AIMTC), which has increased freight charges by 15 % across the country following increase in diesel prices, may suspend transport operations indefinitely pan India if the government fails to roll back the hike. The government hiked diesel prices by a steep Rs 5.62 a litre on Thursday.

  • Coal blocks of Tata Steel, Hindalco among others deallocated

    Mumbai : The Inter-Ministerial Group on coal blocks headed by Additional Secretary (Coal) Zohra Chatterji is believed to have decided to recommend de-allocation of blocks given to biggies like Tata Steel, Hindalco, Tata Power, Reliance Power, JSW Steel and Jindal Steel.

  • DoT levies ` 300 cr penalty on Idea

    Mumbai : The telecom ministery has levied a total of Rs.300 cr fine on Idea Cellular on account of Idea-Spice merger. A fine of Rs.50 cr will be applicable to each of the six telecom circles. The department of telecom (DoT) has concluded that the merger was in violation of the terms and conditions of the applicable M&A policy. A showcause notice will be issued to Idea for a response within 60

  • LIC, HDFC Bank lead advance tax payouts

    Mumbai :   Financial sector companies, led by life insurance giant LIC and private lender HDFC Bank, posted a healthy increase in their second quarter advance tax payout belying sluggishness in the economy.

  • Big Reforms, Bigger Gamble

    Policy paralysis and a sense of impending political doom galvanize Prime Minister Manmohan Singh into announcing big-ticket FDI reforms in retail, aviation and broadcasting. Also on anvil is disinvestment in five PSUs, which will help the government narrow the fiscal deficit.

  • Left vows wave of protests

    New Delhi : Opposing the opening up of multibrand retail, broadcast and aviation sectors for foreign players, Left parties on Friday vowed a “wave of protests” against the UPA government accusing it of having become a “burden on the people”.

  • Foreign airlines can buy 49% stake in local carriers

    New Delhi : The UPA Government has also decided to allow foreign airlines to buy stakes of up to 49 percent in local carriers, a long-awaited policy move that could provide a lifeline to the country’s debt-laden airlines by opening up a fresh source of funding.

  • Hasty decision under foreign pressure: BJP

    New Delhi :   Attacking the government for its “hurried” decision allowing FDI in multi-brand retail, BJP said that despite strong objections from the Opposition it has been done under foreign elements’ pressure and will affect the livelihood of Indians in retail trade.