Two dead, seven injured in Dakar Rally taxi crash

Dakar-Rally-crashSantiago, Jan 11 : A deadly accident killed two people and injured seven at the Dakar Rally as a race support vehicle collided with a taxi near the border between Chile and Peru.

The incident happened Thursday 10 km from the frontier, a statement on the race website said, reports Xinhua.

A support vehicle with three passengers and two taxis, one of them carrying six people and the other with four, were involved in the serious accident. One of the taxis collided head on with the support vehicle, and the second taxi overturned and rolled several times.

Pato eager to make his Corinthians debut

Alexandre-PatoRio de Janeiro, Jan 11 : Brazil international striker Alexandre Pato said he is desperate to overcome his injury woes and begin playing for his new club Corinthians.

The 23-year-old joined the reigning FIFA Club World Cup champions last week after five years with Italian Serie A giants AC Milan. He is determined to resurrect his career after being reduced to a bit part role for AC Milan in the past two years due to injury, reports Xinhua.

"I am very happy with my decision," Pato said after arriving in Sao Paulo Thursday. "I chose Corinthians, who are the world champions and I'm desperate to play my first match."

Government planning to sell 10% stake in Engineers India

Government planning to sell 10% stake in Engineers IndiaThe government might be planning to sell its 10 per cent stake in Engineers India Ltd (EIL) through an open public offer.

The Cabinet Committee on Economic Affairs (CCEA) approved the proposal to divest the stake in the company. The government is expecting to generate as much as Rs 800 crore this fiscal through the sale of stake in the consultancy giant.

Hindustan Motors approves demerger of Chennai car plant

Hindustan Motors approves demerger of Chennai car plantThe board of directors of Hindustan Motors (HML), which is a unit of the CK Birla Group, has approved a plan to demerge and transfer its Chennai car plant (CCP) to Hindustan Motor Finance Corporation Limited (HMFCL).

The board approved a scheme of arrangement between HML and Hindustan Motor Finance Corporation (HMFCL) and their shareholders and thus paved the way for the demerger of the Chennai Car Plant of HML. The plant will not be placed under HMFCL, which is owned subsidiary of HML, from April 1st, 2012.

US FAA to review reports linked to Boeing 787 Dreamliner

US FAA to review reports linked to Boeing 787 DreamlinerAccording to a new report, the US Federal Aviation Administration (FAA) is set to review reports linked to the issues affecting Boeing Co's new 787 Dreamliner aircraft.

The transport officials are set to conduct a review into the jet's power system, according to the report. There are indications that the regulator will hold a media event to discuss the issues that recently affected the aircraft in the US.

DGCA not satisfied with Kingfisher revival plan

DGCA not satisfied with Kingfisher revival planIndia's aviation regulator Directorate General of Civil Aviation (DGCA) said on Friday that the revival plan involving an investment of Rs. 650 crore of Kingfisher Airways is not enough for restarting the company's operations.

Kingfisher Chairman Vijay Mallya had filed the revival plan proposing the fresh investment to get planes back in regular service. The regulator believes that the proposal does not include any plans for repayment of dues to the airports in the country and may not be enough to ensure reliable services.

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