New Delhi

AAP leaders should go back to classrooms and learn Constitution: Swamy

Subramanian SwamyNew Delhi, Oct 26 : With the Aam Aadmi Party (AAP) accusing the ruling party at the Centre of shying away from polls in Delhi, Bharatiya Janata Party (BJP) leader Subramanian Swamy on Sunday said the leaders of Arvind Kejriwal -led party should go back to their classrooms and learn the Constitution as it is the Election Commission that takes a final call on conducting elections and not the government.

Black money: Assocham against govt disclosing names

New Delhi - Amid a growing clamour for naming of alleged black money holders, industry body Assocham Sunday said the government should not prematurely disclose the names of such persons as it could hamper battle against this menace.

"The double taxation avoidance treaties are important for the Indian residents and corporates which can avoid paying taxes twice. Revealing the names of individuals allegedly holding unaccounted money can make to headlines but will surely make India's battle against the menace weak. Besides, violation of DTATs will deal a severe blow to the country's credibility," it said in a statement.

MF investments in IT stocks hit all-time high in Sept

Mutual fundNew Delhi: The mutual fund industry is betting big on software companies as its equity exposure to the sector climbed to a fresh all-time high of around Rs 32,000 crore at the end of September.

This also marks the fourth consecutive rise in mutual fund (MF) industry's exposure to software stocks.

Mutual fund is an investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets.

Air India evaluating leasing fuel-efficient airplanes

Air IndiaNew Delhi: Aiming at taking growing competition head-on, Air India is evaluating leasing fuel- efficient airplanes like Airbus A-320 neos for itself and Boeing 737 Max for its subsidiary Air India Express over the next three to six years.

While the national carrier would be getting its 18th Boeing 787 Dreamliners in December, it has already started exploring options to lease A-320 neos (New Engine Option) aircraft into its fleet after 2017.

Airline officials said they were looking at leasing the neos by 2017 onwards.

Vietnamese PM Dung to visit India from Monday

Vietnamese PM DungNew Delhi, Oct 25 : Vietnamese Prime Minister Nguyen Tan Dung will pay a two-day state visit to India from October 27.

"The programme for the visit includes of course the visit to Bodh Gaya and a meeting with Bihar Chief Minister Jitan Ram Manjhi on 27th. On 27th evening itself, the Vietnamese Prime Minister will come over the Delhi. On 28th, his programme will begin with a forecourt ceremony at the Rashtrapati Bhavan, following which, he will visit Rajghat to pay homage to Mahatma Gandhi, and the visiting dignitary will have a series of calls," Ministry of External Affairs
(MEA) spokesperson Syed Akbaruddin said.

Nissan to recall 9,000 units of Micra, Sunny models in India

New Delhi - Japanese auto major Nissan is recalling 9,000 units of its compact car Micra and mid-sized sedan Sunny in India to replace defective airbags as part of a global recall.

The recall will cover cars manufactured between 2008 to 2012 that use safety airbags made by its supplier Takata.

"Nissan plans to begin notifying customers soon. Nissan dealers will replace the driver airbag inflator with a correctly manufactured part at no cost to the customers for parts or labour," a Nissan India spokesperson said.

The global recall of 2,60,000 units by the Japanese auto major affects models, including Note, March/Micra, Sunny/Almera/Versa, Patrol and Cube.

PM Modi congratulates TV channels for showing dirt on streets left by Diwali celebrations

Narendra ModiNew Delhi: Prime Minister Narendra Modi on Friday congratulated TV channels for showing dirty streets after Diwali celebrations, saying telecasting such visuals would create awareness among people about the importance of cleanliness.

The Prime Minister, who launched the Swachh Bharat Abhiyan on October 2, also congratulated the people who particpated in cleanliness drive after bursting fire crackers during Diwali.

"I saw several TV channels showing dirt left behind after crackers. I congratulate them for spreading awareness on importance of cleanliness," Modi wrote on micro-blogging website after news channels aired visuals of filthy condition on streets after Diwali celebreations.

Xiaomi phones a security risk, don't use it: Indian Air Force

New Delhi - IAF personnel and their families have been asked not to use Chinese 'Xiaomi Redmi 1s' phones on the grounds that data was allegedly transferred to their servers in China and it could be a security risk, a charge denied by the company.

"F-secure, a leading security solution company, recently carried out a test of Xiaomi Redmi 1s, the company's budget smartphone, and found that the phone was forwarding carrier name, phone number, IMEI (the device identifier) plus numbers from address book and text messages back to Beijing," says an advisory issued by the IAF to its personnel.

SAI keen to resolve Terry Walsh matter, want him to stay

New Delhi - After a high-drama exit of Indian men's hockey team chief coach Terry Walsh, who resigned following a "pay dispute" with the Sports Authority of India, the SAI DG Jiji Thomson has assured that the matter will be "resolved" as they want the veteran Australian to continue.

SAI DG said he had met Walsh at his office on Tuesday and tried to convince the Australian to carry on in his post.

"I met him (Walsh) when he came to SAI. He told me that he doesn't have any issues with SAI. The matter will be resolved. We want him to continue in his position," Thomson told said

PM Modi to spend Diwali in Srinagar

Narendra ModiNew Delhi, Oct 21 : Prime Minister Narendra Modi on Tuesday announced that this year, he will spend Diwali with the people who were affected by the floods in Srinagar.

"Will be in Srinagar on Diwali, 23rd October and will spend the day with our sisters and brothers affected by the unfortunate floods," the Prime Minister tweeted.

Incessant rains, coupled with a swollen Jhelum river caused severe floods in Srinagar, leaving the city with an estimated 280 people dead and crores in damages. (ANI)

HDFC Bank posts 20% rise in Q2 net profit to Rs 2,381.5 crore

New Delhi - HDFC Bank on Tuesday reported a 20 percent rise in its September quarter net profit to Rs 2,381.5 crore.

The bank had earned Rs 1982.32 crore net profit in July-September quarter of the last fiscal, HDFC said in a filing to the stock exchanges.

Bank's total income was at Rs 13,894.7 crore in Q2, up from Rs 11,937.7 crore in the same period last year.

HDFC said September-quarter provisions was up at Rs 455.9 crore as against Rs 385.9 crore in the corresponding period of previous fiscal.


Gas pricing will ensure profit, not windfall profit: Jaitley

Gas pricingNew Delhi : Days after approving lower than demanded gas price increase, Finance Minister Arun Jaitley has said the USD 5.61 per mmBtu rate will ensure explorers make profit but not windfall gain.

The increase in rate, approved the Cabinet Committee on Economic Affairs (CCEA) on Saturday, balances interests of oil and gas explorers and consumers, he said here.

"It is a rational decision... Even at this (USD 5.61) price, the explorers are going to make profit. They won't have a windfall profit. At the same time, the burden of consumers will be minimal," he said.

PM Modi urges doctors to step up medical research

Narendra ModiNew Delhi, Oct 20 : Prime Minister Narendra Modi on Monday urged doctors to step up on medical research, while at the same time acknowledging that medical professionals from India have made a name for themselves across the world.

Speaking at the convocation ceremony at the All India Institute of Medical Sciences ( AIIMS ), Prime Minister Modi urged young doctors to record case-histories in specific areas as they practice. He also urged them to work towards achieving a higher number of publications in scientific journals.

Tata Steel's recent plans credit positive: Moody's

New Delhi - Tata Steel's decision to sell its long product business in the UK and its bank debt refinance plan will be credit positive and alleviate funding pressure, Moody's Investors Service said on Monday.

"The sale would be credit positive for Tata Steel UK Holdings (TSUKH) because it would dispose off loss-making assets, while its refinancing alleviates funding pressure for the next six years," the financial research firm said in its Credit outlook for the company.

"Moreover, having sorted most of TSUKH's challenges, Tata Steel, its parent, can now solely focus on growing its more profitable Indian business," it added.

Dia Mirza ties the knot with Sahil Sangha

dia mirza sahil sanghaNew Delhi: Former beauty queen and Bollywood actress Dia Mirza tied the knot with Sahil Sangha on October 18. The wedding ceremony was lavish which took place at a farmhouse in Ghitorni here.

The 32-year-old 'Rehna Hai Tere Dil Mein' star, who got engaged to her filmmaker fiance Sahil in April, opted for an intimate Arya Samaj wedding.

"I am very happy. It was a beautiful Arya Samaj ceremony. The vows were explained to us. It was wonderful because it was good to be conscious of what you are going through and what are the vows you are exchanging. It was a dream wedding," Dia said post her wedding while posing for the shutterbugs outside the venue.

President Mukherjee calls for building strong and permanent Indo-Bangla ties

President MukherjeeNew Delhi, Oct 18 : President Pranab Mukherjee on Saturday urged the youth delegation from Bangladesh to work to make the friendship between New Delhi and Dhaka strong and permanent.

Welcoming the youth delegation from Bangladesh who called on him at the Rashtrapati Bhawan here, President Mukherjee said that this is the third visit by a youth delegation from Bangladesh organized by the Government of India.

He was very happy to meet the first and second groups who made similar visits to India in the previous two years under this important initiative.

The President said that India attaches the highest importance to its relations with Bangladesh.

Section of EPFO trustees in favour of investing in PSU equity

EPFONew Delhi: Some of the retirement fund body EPFO's trustees are pitching for investing a part of the body's huge corpus of around Rs 6 lakh crore in equity of profit making public sector blue chip companies.

During a recent informal meeting of the non-official members of the Employees' Provident Fund Organisation's (EPFO) Central Board of Trustees (CBT) with Labour Minister Narendra Singh Tomar, INTUC President of Uttar Pradesh Ashok Singh suggested investment in shares of profit making public sector firms.

"I have suggested that a small portion of EPFO funds should be invested in profit making navratna public sector firms to improve returns," Singh who is also an EPFO trustee said.

HCL Technologies Q1 Net up 32.3% at Rs 1,873 crore

HCL TechnologiesNew Delhi: India's fourth largest software services provider HCL Technologies on Friday reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.

The company had posted a net profit of Rs 1,416 crore in the year-ago period, it said in a BSE filing.

Consolidated revenues grew 9.7 per cent at Rs 8,735 crore in the July-September quarter of this fiscal as against Rs 7,961 crore in the same quarter of the previous fiscal.

The firm follows July-June as the fiscal year.

Amitabh Bachchan requests citizens to contribute for Kashmir flood relief

Amitabh BachchanNew Delhi, Oct 16 : Amitabh Bachchan recently came out in support for the flood victims of Kashmir and Assam with a charity campaign called "HUM HAIN... Ummeed-e-Kashmir" in New Delhi.

The 72-year-old legendary actor appealed to all the citizens of the country to contribute to the cause.

Speaking at the event, Bachchan said, "As human beings and as Indians we need to do all that we can help our countrymen in need. The plight of the people of Jammu and Kashmir has always been a matter of concern and the flood s have only made it worse".

Petrol price cut by Re 1/litre; reduction in diesel price after assembly polls

New Delhi - Petrol price was Tuesday cut by Re 1 a litre, but the first reduction in diesel rates in over five years will have to wait till completion of assembly polls.

State-owned oil firms, which cut petrol price by 54 paisa on October 1, reduced rates by another Re 1 per litre, excluding local sales tax or VAT, with effect from Wednesday, Indian Oil Corp (IOC) announced here.

The price revision was due Wednesday evening but was announced today ahead of polling in Maharashtra and Haryana.

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