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50% diesel, seed subsidy to farmers in rain deficit areas

50% diesel, seed subsidy to farmers in rain deficit areas New Delhi : With an aim to save standing kharif crops from weak monsoon, the Centre today announced 50 per cent diesel subsidy to farmers in places where rainfall deficiency was more than 50 per cent as on July 15.

The 50 per cent subsidy will also be applicable to places as and when states declare them as drought-hit.


Can Saif Ali Khan lose his Padma Award?

Saif-Ali-KhanNew Delhi, Aug 7 : Actor Saif Ali Khan looks to be in some sort of trouble over his Padma Shri award, following a complaint by RTI activist Subhash Aggarwal asking the Ministry of Home Affairs (MHA) to take back the award, as Khan has criminal cases pending against him


Trai starts consultation process for spectrum auction

TraiNew Delhi: Telecom regulator Trai on Thursday began the consultation process for the next round of auctions for spectrum held by mobile operators - Airtel, Vodafone, Idea and RCom - as some of their licences are set to expire in 2015-16.

"The Telecom Regulatory Authority of India has today released consultation paper on valuation and spectrum price: Licence expiring in 2015-16," Trai said in a statement.

The process will determine the reserve price of spectrum to be auctioned across 18 out of the 22 telecom service areas across the country for 900 Mhz and 1800 Mhz bands, used for providing mobile services based on GSM technology standard.


Audi A3 Sedan to be launched in India today

Audi A3 Sedan to be launched in India todayNew Delhi - German luxury car maker Audi will launch the A3 Sedan in India today. The Audi A3 was first showcased in Auto Expo held in February this year.

The A3 is expected to be priced at around Rs 25 lakh, making it the cheapest luxury sedan in the country. The Audi A3 is expected to compete with the Mercedes A-class and B-class and BMW's 1-series.

The car maker is betting big on its upcoming sedan A3 to stretch its leadership in the Indian market and has started local production of the model from VW group firm Skoda's Aurangabad plant.


Indians not speaking country's languages is 'painful': Advani

L K AdvaniNew Delhi : Senior BJP leader LK Advani on Wednesday batted for the promotion of Indian languages and said it was very humiliating that while people of various countries spoke in their own language on foreign trips, Indians communicated in English.

"I was born under British rule. It was very humiliating that during foreign trips, people of different countries used to talk in their own language but people going from India mostly talked in English, even amongst themselves. When they talked in English, it didn't look nice," the senior BJP leader said at the Kusumanjali Sahitya Samman,
2014.


Modi's visit to Nepal not only historic, but very successful: Sushma Swaraj

Sushma-SwarajNew Delhi, Aug 6 : External Affairs Minister, Sushma Swaraj told the Lok Sabha today that Prime Minister Narendra Modi 's Nepal visit was not only historic, but also successful.

Making a suo motu statement in Lok Sabha External Affairs Minister Sushma Swaraj said: "I rise to inform the august House of Prime Minister's historic and highly successful visit to Nepal on 3-4 August this year. I would like to begin by conveying our sincere gratitude to Prime Minister Sushil Koirala for the excellent arrangements and warm hospitality accorded to Prime Minister and the delegation."


Gold futures gain 0.41% on firm global cues

Gold futures gain 0.41% on firm global cuesNew Delhi - Gold prices rose 0.41 percent to Rs 28,230 per 10 grams in futures trading today as speculators enlarged positions amid a firming trend overseas.

At the Multi Commodity Exchange, gold for delivery in October rose by Rs 116, or 0.41 percent, to Rs 28,230 per 10 grams in a business turnover of 604 lots.

Similarly, the yellow metal for delivery in December traded higher by Rs 116, or 0.41 percent, to Rs 28,195 per 10 grams in 9 lots.

Analysts said a firming trend in the global markets supported the upside in gold prices at futures trade here.


Air India clears proposal to downsize number of employees union

Air IndiaNew Delhi: Air India management has cleared a proposal to downsize the number of employees' unions in the company, as per sources.

Under the proposal, Air India is set to have two unions - one each for pilots and other workers like cabin crew and ticketing staff.

Air India, which became one single entity by merging Indian Airlines, has at present around 14 unions including the unrecognised ones, representing some 25,000 employees along with its two subsidiaries.


Karbonn launches two entry-level smartphones

Karbonn launches two entry-level smartphonesNew Delhi - Domestic handset player Karbonn has launched two entry-level smartphones--Karbonn A1+ Super and Karbonn A5 Turbo in the very affordable range.

The Android KitKat operating system phones have been priced at Rs 3,490 and Rs 3,290.

The devices come with Android 4.4 KitKat, 3 megapixel camera, dual SIM support and 8.9 cm touch screen.

Both phones feature 3.5-inch HVGA (320x480 pixels) displays. Karbonn A1+ Super is powered by a 1.3GHz dual-core processor while the Karbonn A5 Turbo packs a 1GHz processor.


Rolls-Royce Motor Cars confirms development of new model

Rolls-RoyceNew Delhi, Aug 5 : The manufacturer of the world's pinnacle super luxury automobiles, today confirmed the development program for a new Rolls-Royce. The new car will reach the market by mid-2016.

The car will build on the success of Phantom, Ghost and Wraith by continuing to boldly shape the future of the marque with contemporary, graceful and sensuous styling. It will deliver effortless, open-top touring through the perfect marriage of modern Rolls-Royce luxury, style and elegance with an engaging and exhilarating driving experience.


Honda halts City production in Aug; to shift to Tapukara

HondaNew Delhi: Honda Cars India is temporarily suspending production of its flagship sedan City this month as it shifts manufacturing of the car to its Tapukara facility.

The company said it will resume production of the car that is being rolled out from its Greater Noida plant in the first week of next month.

"There will be no production of the Honda City in the month of August and the manufacturing of the car will resume in first week of September," Honda Cars India Ltd (HCIL) said in a statement.


Opposition criticises Narendra Modi for not greeting Muslims on Eid

Narendra-ModiNew Delhi: Opposition members in the Lok Sabha on Tuesday sought to rake up an rake up issue accusing Prime Minister Narendra Modi of not greeting Muslims on the occasion of Eid while noting that he had offered prayers in Nepal's famed centuries-old Pashupatinath Temple yesterday.

Raising the issue during zero hour, Trinamool Congress leader Sudip Bandhopadhyay recalled the Prime Minister's visit to the Pashupatinath Temple yesterday and his donation of ghee and 2500 kg of sandalwood.


Five out ten urban Indians trying to lose Weight: Fitho Study

Indian-lose-WeightNew Delhi, Aug 5 : Studies since 2012 have estimated that over 74 per cent of urban Indians are overweight (i. e. BMI over 23 kg/m2).

A recent survey conducted by Fitho, a leading wellness services organization that works with partners like Lal Pathlabs, showed that along with increasing weight, there is also increasing awareness and 5 out of 10 urban Indians are trying to lose weight.

While 40 percent of the overweight people have intent to lose weight but are not taking action to control their weight, the remaining 60 per cent are making an effort to lose weight.


Rani Mukerji promotes her movie 'Mardaani' in Mumbai

Rani-MukerjiNew Delhi, August 5 : Rani Mukerji recently promoted her upcoming drama film 'Mardaani', along with director Pradeep Sarkar and script writer Gopi Puthran in Mumbai.

'Mardaani', which means manly, revolves around a senior police inspector, played by Mukerji, who unearths a human trafficking racket. While promoting the movie, she said that the film was relevant in today's times and after watching it, every woman will feel empowered.


RBI monetary policy review today; interest rate change unlikely

RBiNew Delhi: The Reserve Bank may maintain the status quo on interest rate in its bi-monthly monetary policy review to be unveiled on Tuesday amid apprehensions that deficient rainfall may further push up food inflation.

The food inflation remaining over 8 percent mark will weigh heavily on the RBI, which has been maintaining that containing inflation is its top priority.


Govt ready for minor modifications in insurance Bill: Jaitley

Arun JaitleyNew Delhi: Reaching out to Congress, Finance Minister Arun Jaitley on Monday said the government is open to minor modifications in insurance Bill for its passage in the current session of Parliament.

"The government is extremely anxious that the insurance Bill, which has been pending since 2008, is finally cleared... In case they (Congress) want to make any minor modifications, they should suggest that," he said.

An all-party meeting earlier in the day failed to break the deadlock in the face of opposition demand to send the Bill to a select committee.


PM Modi returns after Nepal visit

Narendra-ModiNew: Prime Minister Narendra Modi returned home on Monday, wrapping up his two-day official visit to Nepal, the first trip by an Indian premier to the neighbouring country in 17 years.

"The two prime ministers expressed satisfaction over the excellent state of Nepal-India relations that encompass a broad spectrum of political, economic, social and cultural ties that are deep-rooted at both government and peoples' levels," according to a joint statement issued at the conclusion of the visit.


Coal India misses output target in July

Coal-IndiaNew Delhi: State-owned Coal India (CIL) achieved an output of 33.1 million tonnes (MT) in July as against the target of 35.80 MT.

The development comes at a time when the Maharatna firm is drawing flak from across the quarters for missing its output targets.

In the first four months of the current fiscal, the company's production was 141.34 MT, while the target for the period was 148.81 MT, the company said in a filing to the BSE.

The company's offtake in July stood at 38.04 MT, missing its target of 40.48 MT. Its offtake in April-July period was 157.59 MT, against the target of 171.43 MT.


OBC Q1 net profit rises 3% to Rs 365 crore

OBC Q1 net profit rises 3% to Rs 365 croreNew Delhi - State-run Oriental Bank of Commerce on Monday reported 3.15 percent increase in net profit to Rs 364.54 crore for the quarter ended June 30.

The bank had reported a net profit of Rs 353.38 crore during the same quarter year-ago, Oriental Bank said in a filing to the BSE.

The bank's total income increased from Rs 5,255.7 crore for the quarter ended June 30, 2013 to Rs 5,576 crore for the quarter ended June 30, 2014.

Other income increased by 9.3 percent to Rs 588.20 crore in the quarter under review from Rs 538.05 crore earlier.


Bajaj Auto sales rise 9% in July

Bajaj Auto sales rise 9% in JulyNew Delhi - Bajaj Auto on Monday reported 9 percent increase in motorcycle sales at 2,67,841 units in July 2014.

The company had sold 2,46,828 units in the same month last year, Bajaj Auto Ltd said in a statement. BAL said exports were up 54 percent during the month at 1,69,755 units as compared to 1,10,023 units in July 2013.

In the commercial vehicles category, its sales stood at 51,451 units, up 49 percent, against 34,499 units in the same month of the previous year.


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