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MTNL turns profitable at Rs 7,825 cr,BSNL loss at Rs 7,085 cr

MTNL-BSNLNew Delhi: State-run telecom firm MTNL has shown profit of Rs 7,825 crore on books for 2013-14 on account of some write back provisions, Parliament was informed today.

The telecom firm had last posted annual profit of Rs 211.7 crore in 2008-09.

"MTNL has shown profit of Rs 7,825 crore mainly due to write back of provisions on account of pensionary liabilities and spectrum amortization costs after decisions of government taken revival of MTNL," Telecom Minister Ravi Shankar Prasad informed Rajya Sabha in a written reply.

MTNL, which operates in Delhi and Mumbai, had posted a loss of Rs 5,321 crore in the year 2012-13.

Sushma Swaraj seeks info on Indians jailed abroad for action

Sushma-SwarajNew Delhi: External Affairs Minister Sushma Swaraj has directed all Indian missions in the countries where significant number of nationals were in jail to provide updated information for further action.

This came after the release of 40 Indian nationals, who returned today after being held in prison in Saudi Arabia for nearly one year for allegedly violating labour laws of that country.

RBI asks banks not to charge usurious interest rate on loans

RBI asks banks not to charge usurious interest rate on loansNew Delhi: RBI has advised boards of banks not to levy usurious interest rate including processing and other charges on loans.

"It is not proposed to issue any guidelines to the banks to offer loans to borrowers at uniform rate of interest in view of variation in their costs, business models, margins etc," Finance Minister Arun Jaitley said in a reply to the Lok Sabha.

Mahindra Two Wheelers plans up to 4 launches this year

MahindraNew Delhi: Mahindra Two Wheelers plans introduce up to four new products, including a scooter, a bike in entry level segment and variants of existing products, this year as it looks to scale up presence in the market.

The company is also aiming to treble its exports in the next six months with plans to enter four new international markets by this year.

"We have been on a stabilisation mode putting our infrastructure in place in the last one year. With a series of launches in both domestic and international markets, we are now looking at rapid growth," Mahindra Two Wheelers Chief of Operations Viren Popli told PTI.

Arun Jaitley presents Rs 36,776 crore Delhi Budget 2014-15

Arun-JaitleyNew Delhi, July 18 : Finance Minister Arun Jaitley today presented the Delhi budget proposals for 2014-15 in parliament, where he announced Rs. 260 crore for power subsidy providing Rs 0.80 to Rs 1.20 per unit to small power consumers whose monthly consumption does not exceed 400 units.

A subsidy of Rs. 1.20 per unit has been provided for electricity consumption between 0 to 200 units and subsidy of Rs. 0.80 per unit has been provided for consumption between 200 to 400 units.

Jaitley had also proposed no new taxes and more night shelters in the National Capital Territory (NCT).

Shraddha Kapoor supports Whisper's 'Touch the pickle campaign'

Shraddha-KapoorNew Delhi, July 18 : Shraddha Kapoor came all the way to New Delhi in support Whisper's 'Touch the pickle campaign' where she got candid with us.

Speaking exclusively to ANI at the event, Shraddha said she was proud to be associated with the campaign which is trying to break period taboos among Indian women.

According to reports, about 75 percent of the women still shy away from buying sanitary pads, 40 percent of women stay at home during 'that time of the month' and 65 percent don't wash their hair.

No Indian on board ill-fated Malaysian plane: Aviation Minister

Ashok Gajapathi RajuNew Delhi: Terming as "unfortunate" the loss of lives in the Malaysian airline tragedy, Civil Aviation Minister Ashok Gajapathi Raju Friday said there was no Indian on board the plane.

He also said that the government has already asked all Indian airlines not to overfly Ukraine.

"It is unfortunate that this incident has happened. As far as our information... No Indians were on the flight. It is an unfortunate incident. No Indian citizen was on board," Raju told reporters here.

Gold price falls by Rs 44 to Rs 28,155 per 10 gm in futures trade

gold price fallNew Delhi: Gold prices fell by Rs 44 to Rs 28,155 per 10 grams in futures trade Friday as speculators trimmed positions, tracking a weak global trend.

At the Multi Commodity Exchange (MCX), gold for delivery in August fell by Rs 44, or 0.16 percent to Rs 28,155 per 10 grams in business turnover of 1,396 lots.

In a similar fashion, the yellow metal for delivery in October contracts shed Rs 11, or 0.04 percent to Rs 28,100 per 10 grams in 71 lots.

HDFC Fund raises $250 million for realty investments

HDFCfundNew Delhi: HDFC Property Fund, a part of financial sector conglomerate HDFC group, Friday announced the closure of USD 250 million international fund focused on investing in Indian real estate.

The fund-raising exercise has been concluded with investments from marquee international institutional investors and marks closure of HDFC's second international real estate fund, it said in a statement.

HDFC had raised an international fund of USD 800 million in 2007, which is fully deployed.

The recently closed fund will focus on investing primarily in residential property developments in major cities across India.

Modi meets South African President Jacob Zuma

Narendra-ModiNew Delhi, July 17 : Prime Minister Narendra Modi met South African President Jacob Zuma on the margins of the BRICS Summit on July 16 in Brazilia.

President Zuma warmly congratulated Prime Minister on his election victory. Prime Minister also congratulated President Zuma on his re-election.

The two leaders described the relations between India and South Africa as unique and special, forged by the strong presence of the Indian community in South Africa, shared struggle against colonialism and apartheid and their convergence on international issues.

Silver futures up 0.63% to Rs 45,730 on global cues

SilverNew Delhi: Tracking a rising trend in global markets, silver futures prices Thursday rose by 0.63 percent to Rs 45,730 per kg as speculators built fresh positions amid covering-up of short positions.

At the Multi Commodity Exchange, silver for delivery in far-month December traded higher by Rs 285, or 0.63 percent, to Rs 45,730 per kg in business turnover of eight lots.

On similar lines, the white metal for delivery in September traded Rs 277, or 0.60 percent, higher at Rs 44,844 per kg in a turnover of 681 lots.

In the international market, silver traded higher at USD 20.79 an ounce in Singapore from USD 20.76 yesterday.

Dhoni right man to lead India, Virat's time will come: Rahul Dravid

Rahul-DravidNew Delhi: Former India captain Rahul Dravid said that there is no need to replace Mahendra Singh Dhoni as suggested by former Australian skipper Ian Chappell because the team has "progressed" well under the able leadership of the Jharkhand wicketkeeper-batsman.

"Dhoni is the right man to take India forward as we have been making progress and going forward under him. A lot of people keep complaining about the past losses in England and Australia (2011-12). But now he has a young team and is doing a good job. As far as Virat (Kohli) is concerned, his time will come," Dravid told mediapersons via conference call from London.

Honda Cars India recalls 1,338 units of Accord, CR-V

Honda Cars India recalls 1,338 units of Accord, CR-VNew Delhi: Honda Cars India is recalling a total of 1,338 units of its premium sedan Accord and sports utility vehicle CR-V manufactured between 2002 and 2003 to replace a faulty part in the passenger side airbags.

The recall, which is is part of Honda's global recall regarding the potential defect related to passenger air bag announced in June 2014, would cover 1,085 units of Accord and 253 units of CR-V.

Tata Power can't terminate contracts unilaterally: NTPC

Tata-PowerNew Delhi: Country's largest power producer, NTPC has said that Tata Power's unit can't unilaterally call off pacts with it, and should compensate the state-run firm if it decides to do so.

Tata Power Delhi Distribution Company Ltd (TPDDL) wants to surrender 300 MW electricity it buys from NTPC saying that the fuel costs have gone up.

NTPC supplies around 1,000 MW of power to TPDDL.

Two held for attacking BDO in Odisha

ExportsNew Delhi: India's exports grew by 10.22 percent to USD 26.4 billion in June this year while imports stood at USD 38.24 billion, up by 8.33 percent, leaving a trade deficit of USD 11.76 billion, according to the Ministry of Commerce and Industry's data.

Country's exports stood at USD 24 billion in June last year while imports were at USD 35.3 billion, the data showed.

Exports in May rose by 12.4 percent to USD 28 billion over the same month a year ago, while imports fell by 11.4 percent to USD 39.23 billion.

In the April-June period, exports grew by 9.31 percent to USD 80.11 billion.

Have contributed towards getting Modi elected as Prime Minister: Vaidak

Ved-Pratap-VaidikNew Delhi, July 15 : Veteran journalist and political analyst Ved Pratap Vaidik on Tuesday said he too has a contribution in the election of Modi as Prime Minister.

"I too have a contribution in the election of Modi as the Prime Minister," said Vaidak.

Earlier, Congress Vice President Rahul Gandhi had said that Vaidik belongs to the Rashtriya Swayamsevak Sangh (RSS).

Vaidik has been facing criticism from the opposition over his meeting with Saeed on July 2 in Lahore, Pakistan, after his pictures with the Pakistani Islamist leader was seen in social media.

Security concerns over raising defence FDI will be taken care of: Jaitley

Arun-JaitleyNew Delhi, July 15 : Defence Minister Arun Jaitley today said all security concerns related to the raising of the cap on foreign investment in defence will be taken care of, and added that a security manual has been prepared for private sector defence item manufacturing units.

In a written reply to Dr. Bhalchandra Mungekar in Rajya Sabha, Jaitley said: "Since defence companies having foreign investment will have Indian management and control and foreign investment in such companies will be approved through FIPB route, security concerns are duly taken care of.

Sunny Leone walks for 'Apala' by Sumit Sawhney at IIJW 2014

Sunny-LeoneNew Delhi, July 15 : Sunny Leone recently sashayed down the runway for Apala by Sumit Sawhney on Day 1 of the India International Jewellery Week (IIJW) 2014 in Mumbai.

The 'Ragini MMS 2' actress seemed excited to become a "royal tribal queen" on the ramp. The collection named 'The Royal Tribe' showcased tribal and royal styles.

Leone is currently busy hosting MTV Splitsvilla 7 on MTv India. (ANI)

Personal laws left best untouched, says Congress leader Manish Tewari

Manish-Tewari_New Delhi, July 15 : Congress leader and former Union Minister Manish Tewari on Tuesday warned the Centre not to tinker with the Uniform Civil Code, and instead, advised it to keep personal laws untouched.

"The Uniform Civil Code has been on the agenda of the Rashtriya Swayamsevak Sangh (RSS) ever since its inception. But let's not forget the fact that India is a diverse country, where people follow their own personal laws which have been evolved through traditions and customs going back thousands and thousands of years," Tewari told ANI

Govt. has nothing to do with Vaidik's meet with Hafiz Saeed, says Sushma Swaraj

Sushma-SwarajNew Delhi, July 15 : External Affairs Minister Sushma Swaraj said here on Tuesday that the government has nothing to with senior journalist Ved Pratap Vaidik's meet with 26/11 mastermind Hafiz Saeed.

"Categorically and unequivocally I would like to state, that the government has nothing to do with Mr. Vaidik's meet with Hafiz Saeed," said Swaraj in Lok Sabha.

The statement came amidst discussion in the lower house, over the controversy looming around Vaidik's meeting with Saeed on July 2 in Lahore Pakistan after his pictures with the Pakistani Islamist leader emerged on social media..


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