New Delhi, Feb 20 : The Cabinet Committee on Economic Affairs Thursday approved a proposal of GlaxoSmithKline Pte Limited, Singapore, to acquire 24.33 percent in the subsidiary company of the GSK Group in India.
The approval would result in foreign investment of around Rs. 6,390 crore in the country.
The acquisition would be made by way of a voluntary open offer under SEBI (SAST Regulations) in the pharmaceutical sector, said an official release. (IANS)
New Delhi, Feb 20 : Japan's engineering and electronics conglomerate Hitachi will acquire 100 percent stake in India's Prizm Payment Services for Rs. 1,540 crore. The government Thursday approved the proposal.
The Cabinet Committee on Economic Affairs chaired by Prime Minister Manmohan Singh approved the proposal at a meeting here.
Under the deal, the Tokyo headquartered Hitachi will acquire 100 percent equity stake of Prizm Payment Services Private Limited through its India unit Hitachi Consulting Software Services India Private Limited.
New Delhi, Feb 20 : Information and Broadcasting Minister Manish Tewari on Thursday said the decision of Tamil Nadu Chief Minister Jayalalithaa to release all the convicted assassinators of former prime minister Rajiv Gandhi is in violation of the law, and added that the Centre will be taking appropriate steps on this issue.
"The decision of Tamil Nadu Government is in violation of the law. Both the law ministry and the government will be taking appropriate steps against this. We view this as a serious matter," Tewari told media here.
New Delhi, February 20 : Randeep Hooda has revealed that he aspires to be a road movie actor while promoting his new film 'Highway' in Delhi.
The ' Jism 2' actor said, "I think it was a very realistic experience. I think we really took the high road and kind of everybody lived their parts very much so and I think road movies from now on, I will be keen on doing more road movies because you do not get up at the same place or go shoot in the same place or eat the same food either. So I think I am going to quit making these other movies and only make road movies. I want to be a road movie actor".
New Delhi, Feb 20 : A court here Thursday posted for March 14 the hearing on a plea filed by Loop Telecom seeking directions for referring the matter to the Lok Adalat.
The court Dec 16 last year issued notice to the Central Bureau of Investigation and the Department of Telecommunications (DoT) seeking their response on the plea.
The DoT did not file the reply and sought time from the court.
CBI Special Judge O. P. Saini granted time to the DoT and posted the matter for March 14.
New Delhi, Feb 19 : Google Wednesday said it will host a two-day workshop in Bangalore later this week focused on designing and creating android applications in Indian languages.
Nearly 100 developers are scheduled to participate in the event to be held Feb 21-22. Participation is open to both amateur and professional developers.
"It aims to promote regional languages and develop applications for Internet users who communicate and understand only their native language with a view to encouraging more users to come online," Google said.
New Delhi, February 19 : Evelyn Sharma has revealed that her favorite actor is Salman Khan.
During an exclusive interview with ANI, the 27-year-old half-German half-Indian supermodel-turned-actress admitted that she is a fan of the ' Jai Ho ' star and said, "He is a huge star, but is simple and sweet at heart. I admire that".
She added that she hasn't met the other Khans of the industry but she loves their movies too. (ANI)
New Delhi, Feb 19 : BJP leader Harsh Vardhan was Tuesday appointed chief of the party's Delhi unit, replacing Vijay Goel.
The appointment was made by Bharatiya Janata Party (BJP) president Rajnath Singh, after he accepted the resignation of Goel, who was elected to the Rajya Sabha from Rajasthan.
"Party president Rajnath Singh has appointed senior leader Harsh Vardhan as president of Delhi BJP with immediate effect," a party statement said.
Harsh Vardhan was the party's chief ministerial candidate in the Delhi polls and headed the BJP in the assembly.(IANS)
New Delhi, Feb 19 : Indian food ordering portal Foodpanda. in has collaborated with OpenRice, a popular food and restaurant review website across the Southeast Asian region.
Before placing their order, Foodpanda users can check food reviews of the listed restaurant. The association will help OpenRice users to order food directly from their preferred local restaurant by accessing the Foodpanda site.
New Delhi, Feb 19 : Automobile companies Wednesday said they will pass on to customers the benefit that would follow the excise duty cut announced in the interim budget for 2014-15.
Chennai-based Hyundai Motor India said it has reduced prices in the range of Rs. 10,000-Rs. 135,300 on the entire range of products.
"The reduction in excise duty would substantially reduce the prices, making cars more affordable," said Rakesh Srivastava, senior vice president, sales and marketing, HMIL.
New Delhi, Feb 19 : Bollywood actress Kangana Ranaut marked her presence at the recently concluded London Fashion Week Autumn-Winter 14.
Dressed in powder blue ensemble by Burberry, she attended the Burberry Prorsum Womenswear Autumn-Winter 2014 Show held at Kensington Gardens in London on Monday, said a statement.
The British luxury fashion brand's new collection consisted of trench coats, ponchos, equestrian topcoats and more in fabrics like hand-painted leather, suede, shearling, Scottish-woven wool cashmere and crepe silk.
New Delhi, Feb 19 : Social activist Anna Hazare Wednesday said he would support West Bengal Chief Minister Mamata Banerjee in the upcoming Lok Sabha polls.
"The reason I am here is to announce my support to didi (Mamata Banerjee). I am supporting didi not because of her party, but due to her thoughts towards the country and society," said Hazare while addressing a press conference here along with Banerjee.
"I spent my entire life for the country and the society. For the first time, I have met a person like didi who thinks for the country and society," Hazare added.
New Delhi, Feb 19 : Investment in infrastructure fell from Rs. 645,175 crore in 2010-11 to Rs. 576,855 crore in 2012-13, the Lok Sabha was informed Wednesday.
Minister of State for Planning Rajeev Shukla said infrastructure was defined to include electricity, renewable energy, roads and bridges, telecommunications, railways, mass rapid transit system, irrigation, water supply and sanitation, ports and airports.
He said among the steps taken to boost investment in infrastructure was setting up a cabinet committee headed by the prime minister to fast track approvals of key projects. (IANS)
New Delhi, Feb - A benchmark index of the Indian equities market was trading flat in Wednesday's forenoon trade session, as metal and automobile stocks declined.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchnage ( BSE) which opened at 20,643.85 points was trading at 20,672.16 points around 11.30 a. m., up 37.95 points or 0.18 percent from its previous close of 20,634.21 points.
The Sensex touched a high of 20,694.42 points and a low of 20,629.56 points in the day's trade so far.
New Delhi, Feb 18 : The latest equity infusion of Rs. 5,500 crore into Air India by the government will be used for meeting day-to-day expenses, an airline official said Tuesday.
"The fresh equity infusion will be utilised for day-to-day expenses and other capital requirements of the company," the official told IANS.
"The infusion is part of the turnaround plan which is being adhered by the company. We are on track in completing all the parameters set for us under the turnaround plan and the equity infusion is an important part of it."
New Delhi, Feb 18 : Coca-Cola said Tuesday its sales volume increased by one percent in the October-December 2013 period, led by 8 percent jump in India and 5 percent growth in China.
"Our Pacific Group's volume grew 4 percent in the quarter, representing a sequential improvement versus the third quarter year-to-date results. Growth was broad based with 8 percent growth in India, 5 percent growth in China and 3 percent growth in Japan," Coca-Cola said in a statement here.
For the year 2013, the company's volume increased by 2 percent.
New Delhi, Feb 18 : Rolls-Royce Motor Cars is delighted to announce the introduction of Ghost V-Specification; a limited series of Ghost and Ghost Extended Wheelbase motor cars, that will be available for customers to commission immediately.
"This limited series celebrates one of Ghost's defining characteristics; the exquisite 6.6 litre Rolls-Royce V12 engine," said Torsten Muller-Otvos, Chief Executive, Rolls-Royce Motor Cars.
New Delhi, Feb 18 : Literacy is more that the ability to read and write and its capacity to empower should never be forgotten, Minister of State for Human Resource Development Shashi Tharoor said Tuesday.
"It is important to recognise that literacy is not only the ability to read and write, but is also the exposure to learning of high quality, and enabling of capacity so that it becomes a way towards equal opportunity and empowerment, and improved livelihoods," he said.
New Delhi, Feb 18 : Jewellery designer Alpana Gujral's new collection titled Spring 2014, a revival of the Mughal era with a contemporary touch, will be exhibited here for two days from March 3.
Spring 2014 will be presented at her store in Lajpat Nagar here, said a statement.
The line offers necklaces, cuffs and earrings made of pearls, ruby, gold, tourmaline, black onyx and diamond, and Gujral believes the designs will offer spiritual depth for the wearer.
New Delhi, Feb 17 : Prime Minister Manmohan Singh Monday praised the interim budget for 2014-15, saying Finance Minister P. Chidambaram had "aptly summarised" the economic and social achievements of the past 10 years of which the UPA government was proud.
In a series of tweets following the tabling of the interim budget in the Lok Sabha, the prime minister congratulated Chidambaram for presenting a "well balanced vote on account portraying a realistic picture of the economic situation in the country".