Free Press Journal
  • Vodafone IPO after auction

    New Delhi :  British telecom major Vodafone is likely to take a call on the timeline of initial public offer of its Indian arm after conclusion of the impending spectrum auction. “Timelines (on Vodafone India IPO) will be most probably decided after spectrum auction this fiscal in India is over,” a source told PTI. When contacted, a Vodafone spokesperson said, “We have started IPO preparations, which includes conversations with banks, but no final

  • NHM sacks 1200-plus contractual employees

    BHOPAL : The National Health Mission (NHM) has terminated more than 1,200 contractual employees from block to state level after the one of its own type appraisal process conducted recently. The terminated and conditional contracted employees alleged that this was a vindictive action taken by the NHM avenging their participation in an agitation against the government.

  • Santosh Kashyap to guide MUMBAI FC in new season

    Mumbai : Mumbai FC announced Santosh Kashyap as the new head coach for their 2016/17 I-League season. Kashyap will replace Khalid Jamil who led the club for seven years.

  • Roger Federer reaches crossroads at Wimbledon

    London : Fifteen years after famously stunning Pete Sampras at Wimbledon, seven-time champion Roger Federer returns to the All England Club with his career at a crossroads and his confidence at crisis point.

  • British pound soars to 2016 peak as Brexit fears wane

    London :  Britain’s pound raced on Thursday to its highest dollar level this year, propelled by renewed hopes the world’s fifth biggest economy will remain in the EU in a closely-fought referendum.

  • RComm, Aircel to merge wireless ops

    New Delhi : The Reliance Communications and Aircel merger is likely to be announced within 15 days, after months of extended negotiations, and the new entity is expected to have Rs 25,000 crore business from the first day of its operation. “The deal is almost in final stage. Synergies between the two companies have been worked. The merger should be announced within 10-15 days. The resultant entity will have revenue of about Rs

  • FinMin also favours capitalisation bonds

    New Delhi: The Finance Ministry said it favours the idea of raising money through capitalisation bonds to bolster balancesheets of public sector banks, as suggested by outgoing RBI Governor Raghuram Rajan.  “Capitalisation bond is an interesting and sensible idea and we are working on it,” a senior finance ministry official told PTI.   On Wednesday, Rajan had suggested that the government should issue ‘Government Capitalisation Bonds’ to tide over the capital problem.  The

  • RIO: Russia faces weightlifting ban?

    Paris : Weightlifting’s governing body has put Russia, Kazakhstan and Belarus on notice that they face being banned from the Rio Olympics over repeat doping offences.

  • Penchant for flawed appointments

    The exit of Raghuram Rajan from RBI and the entry of Chetan Chauhan to NIFT, on Saturday last week, is an example of synchronicity — simultaneous events which have no direct causal relationship but are somehow connected. “Meaningful coincidences,” as it were.

  • Where are the MSMEs?

    Mumbai : A paradox for a sector like Micro, Small and Medium Enterprises (MSME) starts from its name that it is not a large enterprise yet is the second largest contributor to the GDP. Despite being one of the largest GDP contributors, there is very minimal data available around MSMEs (as it is mainly unorganised sector), alongside poor implementation of policies and schemes to support them.

  • War On Luxury

    Shri Sriman Narayan has suddenly become luxury-conscious. In speech after speech, he is explaining the need to cut down on luxury at the people’s level so that the Third Plan may be helped along. If an austerity-struck people turn back to ask him what are the ‘luxuries’ left to them to enjoy, of course it will not be up to the august planning expert to take note of the question. The people

  • Aviation Minister: Airlines are not demons

    New Delhi:  Airlines might not be “angels, but definitely they are not demons”, Civil Aviation Minister Ashok Gajapathi Raju said amid concerns over arbitrary hike in air fares. Making it clear that there will not be a “simplistic solution” to deal with exorbitant rise in air fares, he reiterated that capping would not be the answer as that would also push up the floor prices. Aviation Secretary Rajeev Nayan Chaubey said that

  • Rift in UP’s first family gets worse

    The latest salvo in the long list of the topsy-turvy relationship within the Yadav clan was fired after the merger of a two-legislator party – Quami Ekta Dal (QED) of gangleader-turned-politician Mukhtaar Ansari (more…)

  • ‘India is a sleeping elephant’

    Mumbai : MSME, the second largest contributor of GDP, has the potential to lead India to achieve double-digit growth rate in the time to come, stated Reserve Bank of India (RBI) regional director –Mumbai Murli Radhakrishnan. He praised MSME and stated that it should take some credit for helping India achieve the highest growth rate after China.

  • Taj, Vaishno Devi among 10 iconic places to be cleaned!

    Taj Mahal and Manikarnika Ghat (Uttar Pradesh), Vaishno Devi (Jammu and Kashmir), Tirupati (Andhra Pradesh), Chhatrapati Shivaji Terminus (Maharashtra), Ajmer Sharif (Rajasthan), Golden Temple (Punjab), Meenakshi temple and Kamakshi Temple (Tamil Nadu) and Jagannathpuri (Odisha) are the 10 places identified by the government. (more…)