Free Press Journal
  • IT cos eye new mkts in Africa, Middle East

    New Delhi : Stating that the global economy is still “volatile and uncertain”, National Association of Software and Services Companies (Nasscom) today said Indian firms are exploring new markets like Africa, Japan, and the Middle East.

  • Bad loans in banking sector rises to 1.28%

    Mumbai : The non-performing assets of the banking sector rose sharply to 1.28 % in 2011-12 from 0.97 % a year ago due to high interest rates and slowdown in the economy.

  • BRICS Bank takes shape

    Beijing : Think tanks of five member–Brazil, Russia, India, China and South Africa- BRICS bloc, representing the emerging economies, reached a consensus on creating a BRICS development bank to complement existing global financial institutions like World Bank.

  • RIL contests CAG’s powers to audit KG-D6

    New Delhi : Contesting CAG’s powers to audit a private company, Reliance Industries said it is ready for an audit of its flagging KG-D6 gas field by any government- appointed auditor as prescribed under the signed contract or PSC.

  • Chambers call for criminalising private sector bribery

    PwC says strengthening of corp governance norms and increasing disclosure requirements thereby creating a market mechanism to penalise errant private firms could be a way to check corruption.

  • Ministry: Power units must be given priority for gas allocation

    New Delhi: The Power Ministry has demanded that electricity generating stations be given priority at par with fertilizer plants in allocation of natural gas, saying power unlike urea cannot be imported. Currently, gas-based fertilizer plants get top most priority in allocation of scarce natural gas. They are followed by LPG-extraction units and gas-based power plants are placed third in the priority list. “There is a need of re-prioritisation of gas. Fertiliser can

  • Bajaj bike sales down 15 pc in Sept

    New Delhi: The country’s second largest two-wheeler maker Bajaj Auto posted a 15.06 per cent fall in motorcycle sales at 3,15,314 units in September.  The company had sold 3,71,208 units in the corresponding month last year, Bajaj Auto Ltd (BAL) said in a statement.  BAL said exports also fell by 6.12 per cent during the month at 1,33,222 units compared to 1,41,913 units in September 2011.

  • Odhisa assures bauxite supplies to Vedanta

    Bhubaneswar: In an effort to salvage operations and save thousands of jobs at Vedanta Aluminium at Lanjigarh, the Odhisa government has promised employees regular supply of bauxite so that the factory does not close down.  The development came after representatives of “Save Vedanta Movement”, an association of employees, met Odisha Chief Minister Naveen Patnaik here Sep 29 and appealed to him for bauxite supplies and presented a memorandum.

  • Tata Motors cuts Indica eV2 price by

    New Delhi:  Tata Motors slashed the price of its compact car Indica eV2 by Rs 23,000 with the launch of a refreshed version, at a time when other auto makers have either raised their product rates or are mulling to do so.  The price range now starts at Rs 4,01,162 for the base variant and goes up to Rs 4,87,619 (ex-showroom, Delhi) for the top-end variant.  The company claims that the India

  • ‘Continuing losses may compel govt to close welfare schemes’

    Farrukhabad (UP): Government wants to completely end subsidy on petroleum products, Union minister Salman Khurshid today said, cautioning that continued losses may compel it to close welfare schemes like MNREGA and NRHM.

  • Zardari’s sister on pilgrimage in India

    Attari: Pakistan’s President Asif Ali Zardari’s sister Faryal Talpur, a member of the National Assembly, today crossed over to India border to undertake a pilgrimage in Punjab.

  • FIR against Thackeray cousins for hate speech

    Muzaffarpur: A FIR was today filed against MNS chief Raj Thackeray and Shiv Sena Executive President Uddhav Thackeray under various provisions of the Indian Penal Code, including sediton, for making allegedly inflammatory speeches against the people of Bihar.

  • 2010 CWG: No convictions, 12 cases dimissed, three on

    New Delhi: Two years after the Oct 3-14, 2010 Commonwealth Games, that got mired in a welter of corruption charges and led to the arrests of top people associated with the organising committee, there have been no convictions so far as the prosecution has failed to establish guilt in courts of law.