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STATES

ANDHRA PRADESH: Police, CBI waiting for formal complaint
Chennai, Jan. 8 The Andhra Pradesh Police or the Central Bureau of Investigation are probably waiting for a formal complaint to be lodged with them before they can proceed with the investigation against Mr Ramalinga Raju, who confessed ...

ANDHRA PRADESH: Issue of cognisable offence being raised
Mumbai, Jan. 8 Several questions are being raised on whether the Satyam Chairman, who admitted to a Rs. 7,000-crore fraud in his company, is guilty of a cognisable offence or not, and if so why he has not been arrested or at least been ...

TAMIL NADU: 6,000 km of road projects by March, says Montek
Public-private partnership model boosts infrastructure projects. Chennai, Jan. 8 By the end of the financial year, about 6,000 km of road projects, that will be executed under the ‘build, operate, transfer’ model, would be bid out, ...

ANDHRA PRADESH: AP Govt backing for health initiatives tied to Satyam
‘Corporate social responsibility bodies in good health’. The Andhra Pradesh Government has assured full support to the public-private health initiatives – EMRI and HMRI – which have ties with the beleaguered Satyam ...

WEST BENGAL: New GM for Eastern Rly
Mr Deepak Krishan has taken over as the new General Manager of Eastern Railway. Prior to this, he was Additional Member (Civil Engineering), Railway Board. Mr Krishan is a 1973 batch officer of Indian Railway Service of Engineers (IRSE), ...

ANDHRA PRADESH: No immediate adverse impact: IT Advisor
Hyderabad, Jan. 8 The Andhra Pradesh Government does not foresee any major impact in the short term due to the financial fraud that was admitted by Mr B. Ramalinga Raju, Chairman, Satyam Computer ...

GUJARAT: Gujarat invites investment in wind power sector
Ahmedabad, Jan. 8 The Gujarat Government has invited investment in the wind power sector with an aim to increase wind power generation in the ...

KARNATAKA: Karnataka small units seek relief package
Over six lakh registered and unregistered micro and small industries, who form a key link in the State’s industrial scene, are burdened by low offtake of their output because of the economic ...

TAMIL NADU: Fight corruption, Prahalad tells Indian diaspora
Chennai, Jan 8 Describing corruption as the “biggest challenge that is holding development of India back,” noted management guru, Prof. C.K. Prahalad, exhorted the Indian diaspora to stand up and ...

TAMIL NADU: HC sets guideline for dealing with gratuity cases
Chennai, Jan. 8 Proceedings for payment of gratuity under the Payment of Gratuity Act, 1972, must be taken up under that law and not under any other Act, Madras High Court has ...

ANDHRA PRADESH: Call to take back land allotted to Satyam for setting up SEZ
The Andhra Pradesh Government should immediately annul the allotment of 50 acres of prime land at Kapulauppada village in the vicinity of the city to Satyam Computer for setting up a special economic zone, in the light of the shocking ...

MAHARASHTRA: Fuel crisis worsens in Mumbai
Mumbai, Jan 8 The indefinite strike by personnel of public sector oil companies has adversely affected road transport in the ...

TAMIL NADU: Coimbatore industries urged to capitalise on Railway project
Coimbatore, Jan 8 There will be enormous opportunities for the engineering industries in Coimbatore to become suppliers to the railway coach factory to come up at Kanjikode in Palakkad district since Kerala does not have much ...

WEST BENGAL: WBSCB to waive penal interest imposed on farmers
Kolkata, Jan. 8 The West Bengal State Cooperative Bank (WBSCB) has decided to waive an estimated Rs 15-16 crore of penal interest slapped on about four lakh borrowers, all farmers. “We’ve no other option but to announce waiver if ...

ANDHRA PRADESH: AP Govt ready for talks with striking truckers
Hyderabad, Jan. 8 The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, said that while the State Government is ready to talk to lorry owners and concede their genuine demands, it will not tolerate any unreasonable and ...

GUJARAT: Shell brings spot LNG cargo at Hazira
Kolkata, Jan. 8 Shell brought a spot LNG cargo at Hazira terminal today at a time when the shadow of an acute energy crisis was looming large on Gujarat and other parts of the country due to near complete disruption of natural gas supplies ...

WEST BENGAL: Kolkata flight operations unlikely to be hit by oil strike
Kolkata, Jan. 8 Flights at the Kolkata Airport will not be affected at least for the next 10 days on account of the indefinite strike called by officers of public sector oil companies as there is enough reserve of aviation turbine fuel at ...

WEST BENGAL: HPCL outlets will continue to meet part of demand
Kolkata. Jan. 8 Normalcy in operations of HPCL and private LPG players may help keep the energy lifeline in the eastern region and other parts of the country alive. The officers of HPCL did not participate in the onging strike by PSU oil ...

TAMIL NADU: Rains damage cotton kapas
Coimbatore, Jan. 8 Cotton kapas weighing 23000 quintals and valued at Rs 51 crore is said to have been damaged due to torrential rains in Villupuram, Cuddalore and ...

TAMIL NADU: Mr R. Viswananthan, a freelance trainer-cum-consultant and retired deputy MD, SBI; Vivekananda College, Chennai
Chennai, Jan . 8 The recent financial tsunami or sub-prime crisis arose because of the presence of too much money and reckless lending behaviour. For better banking, there was a need to strengthen the basic values of the banks through ...






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Markets (Jan 07)
Nifty (at close)2,920.40(-192.40)
US Dollar (Buy/Sell)48.60/62
Brent crude (a bbl) Rs2,315
Gold (a gram) Rs1,229
Silver (a kg) Rs19,070


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