Free Press Journal
  • Bans Valecha Engineering, 13 others for fraud trade

    New Delhi : Valecha Engineering shares plunged 10% to Rs 48.10 after markets regulator Sebi imposed a ban of three years on the company.  The watchdog found instances of fraud in preferential allotment of convertible warrants of Valecha Engineering (VEL) to some entities in 2005. It also charged other entities with no-genuine and fraud trade in the scrips of the company.

  • India to leapfrog to Euro VI fuel, oil PSUs to invest Rs 28,750 cr

    New Delhi : In a major step to curb vehicular pollution, India will leapfrog directly from Euro IV emission norms for petrol and diesel to Euro VI standards and the oil PSUs will invest Rs 28,750 crore for the transition.

  • Govt OKs ‘Stand up India’ to fund SC, ST, women entrepreneurs

    New Delhi : In a bid to create jobs and promote entrepreneurship, the Cabinet approved Rs 8,000- crore funds that will stand guarantee for loans to new ventures and also announced ‘Stand up India’ scheme for credit facilities to SC, ST and women entrepreneurs at lower rates.

  • Govt to shut 3 HMT units, offer VRS to employees

    New Delhi: The government decided to close three unviable units of HMT including the once popular HMT Watches, along with HMT Chinar Watches and HMT Bearings, by offering an “attractive” voluntary retirement scheme (VRS) to the employees as per 2007 pay scales.  “With a cash assistance of Rs 427.48 crore, the three loss making subsidiaries of HMT Ltd, namely HMT Watches, HMT Chinar Watches and HMT Bearings will attain closure after separation

  • College students to get Smart Phones by April

    BHOPAL : Higher and Technical Education Minister Umashankar Gupta has directed that Smart Phones should be provided to students who took admission in the first semester of graduate courses in the academic sessions 2014-15 and 2015-16 by April this year. Besides, the process for the purchase of smart phones for students who will be taking admissions in the next (2016-17) session should be completed in advance.

  • Sensex hits 3-wk low on China, oil, N-korea

    Mumbai : Global cues continued to batter Indian equities as the benchmark BSE Sensex slipped for a third day by 174 points to hit a three-week low of 25,406.33 as investors fretted over slowdown in China having a spillover effect on other global economies.

  • Tata says only exciting ideas can get his dollars

    Mumbai : Tata Group patriarch and lately entrepreneur enthusiast Ratan Tata, who has invested in over 20 startups so far, said unless a newbie “excites” him, he does not invest in that company.      Stating that startups “are an embodiment of creativity and innovation of young India”, Tata said he invests in new ventures if “the idea excites” him, and the first impressions of the founders are good. The Chairman emeritus of Tata

  • Hearing on Feb 2 for receiver to sell Sahara properties

    NEW DELHI : Much to the chagrin of Sahara Group chairman Subrata Roy languishing in Tihar Jails for the past 21 months for failing to refund the money it raised from investors in 2008 and 2009, the Supreme Court on Wednesday fixed hearing on February 2 on SEBI’s plea to appoint a receiver for selling the group’s assets.

  • Konecranes-Terex deal gets CCI nod      

    New Delhi: Fair trade regulator Competition Commission (CCI) approved US cranes and mining equipment maker Terex’s merger with Finland-based Konecranes, which will create a USD 10-billion entity. Both Terex and Konecranes have substantial size of operations in India. While Konecranes has three manufacturing units in the country – Hosur in Tamil Nadu, Pune and Greater Noida, Terex has its India facility at Jejuri in Maharashtra.

  • High blood sugar may cause heart attack complications

    London : An increased level of sugar in blood can affect the contraction of blood vessels, with potentially dangerous effects on the heart and blood pressure, a new study has warned, reports PTI.

  • Shoppers are engaging more in ‘web-to-store’ shopping: study

    Washington DC : The constant barrage of post-holiday sales touted by web-based retailers may make it seem like online shopping is killing real-world stores, but shoppers are actually engaging in ‘web-to-store’, reports ANI.

  • Replace selfie stick with this camera app

    New York : A US-based developer has developed a camera app that lets a user take selfie or groupfie by just tilting his/her head and without a physical selfie stick, reports IANS.

  • RD Memorial College director, teachers booked for thrashing students

    BHOPAL : TT Nagar police on Wednesday registered a case against director of RD Memorial College of Ayurveda, Ratibad, and two teaching staff for beating the students after a demonstration staged by National Students’ Union of India (NSUI) members who also called on SP Anusuman Singh demanding immediate action against the college management and board of directors.

  • Rly cancels several trains due to fog in Jan, Feb

    BHOPAL : Rail Ministry has decided to cancel as many as 20 trains following fog between January 8 and February 29 from their origin station.

  • People more likely to trust God believers

    Washington DC : Quite often we have seen politicians use religion in campaign speeches as this creates a higher impact on the listeners, reports ANI.

  • Adhyapaks not satisfied with sixth pay scale

    BHOPAL: Government teachers (Adhayapak cadre) have protested the alleged anomalies in the granting of 6th pay commission pay scales to them.