Free Press Journal
  • Bankers rule out slashing lending rates post 25 bps repo cut

    Mumbai: Bankers today virtually ruled out slashing their lending rates, saying the 0.25 per cent cut in repo rate by the Reserve Bank does not help them bring down their cost of funds, which is too high at present.

  • Rate cut measured response to current eco situation: Rangarajan

    New Delhi: The Reserve Bank’s decision to cut the key interest rate by 0.25 per cent to 7.25 per cent is a measured response to the current economic situation, Prime Minister’s Economic Advisory Council (PMEAC) Chairman C Rangarajan said today.

  • Bharti Airtel to sell 5% stake for Rs 6800 cr to QFE

    New Delhi: Country’s largest mobile operator Bharti Airtel said it will sell 5 per cent stake to Doha-based Qatar Foundation Endowment for around Rs 6,800 crore to strengthen its capital structure and fund future growth plans.

  • Par panel opposes hike in air traffic rights with Abu Dhabi

    New Delhi: Castigating the Civil Aviation Ministry for effecting a huge hike in bilateral air traffic rights with Abu Dhabi, a parliamentary committee today asked it to freeze them at the old level saying prima facie this move “appears to facilitate one airline” to strike a deal with a foreign carrier.

  • Trial in VVIP chopper scam to begin from June 19 in Italy

    Rome: The ‘instant trial’ here against ex-CEO of the Italian state-controlled defence giant Finmeccanica Giuseppe Orsi and the CEO of its helicopter unit Agusta Westland Bruno Spagnoli for alleged kickbacks in the Rs 3,600 crore VVIP chopper deal with India will begin on June 19.

  • SC allows screening of TV show on Haryana’s JBT scam

    New Delhi: Decks for the telecast of a TV crime show allegedly based on teachers recruitment scam in Haryana were today cleared by the Supreme Court today with a caveat that there should be no reference to convicted persons including former Chief Minister Om Prakash Chautala and 54 others.

  • Condition of Pak prisoner “stable”: India

    New Delhi: The condition of Pakistani prisoner Sanaullah Ranjay was “stable”, India said today while terming as “regrettable” the incident in Jammu jail where he was injured during a scuffle with another inmate and assured the guilty will be punished even as Pakistan sought his urgent repatriation.

  • Naming PM nominees won’t improve Cong, BJP’s poll chances: TDP

    Hyderabad: Telugu Desam Party president N Chandrababu Naidu today claimed the fortunes of both Congress and BJP will not improve even if they name Rahul Gandhi and Narendra Modi as their respective prime ministerial candidates in the next general elections.

  • Army will decide on job to Delhi acid attack victim

    Mumbai: A nursing graduate from Delhi who was a victim of an acid attack will have to approach army authorities who will decide the status of her employment with them, a defence official said here Friday.

  • Balaji Telefilms did not disclose Rs 30-cr income: I-T

    Mumbai: Three days after conducting searches at Balaji Telefilms’ facilities and also at the houses of its promoters here, the Income Tax department today said the film production house had not disclosed Rs 30 crore income it had earned, and thus evaded tax.

  • NASA rover to explore Greenland’s ice

    Washington: NASA is sending a six feet-tall solar-powered rover prototype for ice exploration on highest part of Greenland’s massive ice sheet.

  • Had warned centre on Nidian prisoners condition in Pak jail: Surjit

    Moga: Surjit Singh, who languished in Pakistan’s Kot Lakhpat jail on espionage charges for decades before being released last year, today expressed anguish over Sarabjit’s death and said he had warned the Centre about condition of Indian prisoners in Pakistani jails.

  • Cong deliberates to bring minorities back to party

    Patna: Seeking to regain its lost ground, Congress in Bihar today held a detailed discussion on how to bring back their traditional support base minorities to the party fold and decided to organise a state-level conference of minorities.

  • BJP criticises Cong for ‘damaging’ Karnataka’s image

    Bangalore: BJP today criticised Prime Minister Manmohan Singh and other Congress leaders for “damaging” Karnataka’s image during their campaign for the May five Assembly polls in the state.

  • RBI’s “hawkish” stance makes mkts jittery, Sensex down 160pts

    Mumbai: The BSE benchmark Sensex today slumped by 160 points to close at 19,575.64 points on profit selling in rate-sensitive stocks led by ICICI Bank and Tata Motors, as RBI adopted a “hawkish” stance in its monetary policy 2013-14 overshadowing its 0.25 per cent cut in repo rate.