Free Press Journal
  • SBI to launch Rs 15k cr QIP issue “anytime”

    Mumbai: State Bank of India (SBI) hinted that its biggest share sale issue, which may fetch a whopping Rs 10,000-15,000 crore, may hit the markets “anytime”.   The nation’s largest lender said it has all the approvals in place for the issue, but added timing for its launch has not been decided yet.  However, an i-banking source said the Government may launch an investor road- show this week or early next week.

  • ‘Swine flu vaccines were deliberately not produced’

    Mumbai : Dr Cyrus Poonawalla, the chairman and managing director of Serum Institute of India, said on Wednesday that the death toll from swine flu in the state could have been reduced if the production of certain vaccines had not been deliberately stalled this year.

  • Hiding place of HIV in cells discovered

    Beijing : Scientists have discovered the hiding place of HIV in cells, an advance that may lead to new therapies to combat the deadly virus, reports PTI. Researchers at the International Center for Genetic Engineering and Biotechnology (ICGEB) in Italy have photographed the structure of nucleic lymphocytes with a high-resolution microscopy technique to discover the “hiding place” of HIV.

  • Nobel Peace committee demotes chairman

    Oslo : Norway’s influential Nobel Peace Prize committee today demoted its controversial chairman Thorbjoern Jagland in a move unprecedented in the history of the award, reports AFP.

  • PWD employee arrested for allegedly misappropriating Rs 31.68 lakh

    Thane: A Public Works Department (PWD) employee was on Wednesday arrested by the ACB for allegedly misappropriating money to the tune of Rs 31.68 lakh by preparing fake bills in the name of non-existing companies. The accused, Ashok Vitthal Nachankar, worked as a store-keeper with the PWD in South Ratnagiri division. He submitted bills of “ghost” companies showing the procurement of material for various types of work and got them sanctioned from

  • Avantha, Adani ink pact for Korba plant        

    New Delhi:  Adani Power has signed a binding share purchase agreement with Avantha Power and Infrastructure to acquire 100 per cent of its Korba West Power Company valued at Rs 4,200 crore.

  • 70% of migrant children in Thane and Palghar are deprived of education: Survey

    Thane: Nearly 70 per cent of migrant children in Maharashtra’s Thane and Palghar districts are deprived of education, according to a survey. Nearly 87 per cent children, mostly of the migrant brick kiln workers, were deprived of education in 2010, 77 per cent in 2011, 60 per cent in 2012-13 and 70 per cent in 2013-14, as per the survey conducted by two Palghar-based NGOs — Shramajivi Sanghatana and Vidhayak Sansad. Despite

  • Team India are like Bollywood stars: J Archer

    Bengaluru: Renowned British author and a former MP Jeffrey Archer on Wednesday  said the current Indian cricket team puzzles him and compared the Mahendra Singh Dhoni-led side with Bollywood superstars, who according to him are famous for their inconsistencies in giving hit films.

  •   Tribunal awards Rs 17.22 lakh to parents of man killed in collision

    thane: The Thane Motor Accident Claims Tribunal (MACT) here has awarded a compensation of Rs 17.22 lakh to the parents of a youth, who died in an accident in 2010. MACT member, judge S Y Kulkarni, directed the owner of a dumper company, Om Shree Ganesh Container, and insurance company United India Insurance Company to jointly pay Rs 17.22 lakh to the claimants. Complainant Vithal Ramakant Bhanushali (44) and his wife Kunda

  • IS: Clear and present danger

    Only the other day The New York Times published, under the heading ‘Truth About the Wars’,  the confidential views of Major-General Michael K. Nagata (retired), formerly a senior commander of the Special Forces in the Middle East for more than a decade beginning with American invasion of Iraq in 2003. By now it is well-established that this war was launched by the neo-Conservatives, on the demonstrably false accusation that Saddam Hussein had

  • Chess: Gupta beats Tazbir

    Cappelle La Grande (France): Grandmaster and former world junior champion Abhijeet Gupta of India made most of his white pieces to outwit Marcin Tazbir of Poland to move to joint third spot after the end of the fifth round of the 31st Cappelle-La-Grande International Chess tournament here.

  • People disturbing communal harmony to face tough action

    New Delhi : Strong action will be taken against those who disturb communal harmony, government asserted in Rajya Sabha on Wednesday while stating that such incidents had “shown a decreasing trend” during the last few months of last year but increased again in January this year.

  • RBI to put Re 1 note into circulation        

    New Delhi:  One rupee notes are all set to come back into circulation as the government has decided to restart printing the currency after more than two decades.  RBI said the notes to be issued would be legal tender as provided in The Coinage Act 2011.  “The existing currency notes in this denomination in circulation will also continue to be legal tender,” it added.  In November 1994, printing of one rupee note

  • Believe it! These people digest deadly arsenic

    London : Arsenic is a potent killer but up in the high Andes mountains of Argentina, researchers have identified the first-ever evidence of a population uniquely adapted to tolerate the toxic chemical, reports IANS.

  • Windies not daunted by unbeaten India: Sammy

    Perth : All-rounder Darren Sammy has said the West Indies are not daunted by the prospect of facing an unbeaten India when the two teams clash in the cricket World Cup Pool B fixture at the WACA here on Friday.

  • Volvo sells 4.7% stake in Eicher Motors

    New Delhi:  Swedish commercial vehicle major AB Volvo sold around 4.7 per cent stake in Eicher Motors for USD 310 million (over Rs 1,920 crore).  In May 2008 AB Volvo and Eicher Motors Limited (EML) had entered into a joint venture agreement to create VECV with the intent to drive modernisation in the commercial vehicle industry in India and the developing world.  As a part of the deal, in addition to acquiring

  • SPARC gets nod for anti-epileptic drug

    New Delhi:  Sun Pharma Advanced Research Company (SPARC) has received approval from the US health regulator for its New Drug Application (NDA) for ELEPSIA XR tablets used for treatment of partial onset seizures in patients with epilepsy.   ELEPSIA XR is indicated for adjunctive therapy in the treatment of partial onset seizures in patients of 12 years of age and older with epilepsy, SPARC said in a statement. Shares of SPARC ended the

  • Variety of Thandai flavours add ‘colour’ to Holi celebrations

    Lucknow : In this part of the country, like in most of northern India, Holi comes as a big ticket festival for the lovers of bacchus. So, while there is lot of colour and different hues of ‘pichkaris’ to play with, the city landscape here is set to get tipsy this Holi on friday, notwithstanding the weather which is set to play truant.