India News

Noted Yakshagana artiste Chipparu Krishnayya Ballal passes away

Noted Yakshagana artiste Chipparu Krishnayya Ballal passes awayNew Delhi, April 28: Noted Yakshagana artiste, Chende and Maddale player Chipparu Krishnayya Ballal passed away on Monday while performing a Chouki Puja, a ritual worship performed in the green room before the main performance in Bangalore. He was 80.

Ballal, who came to Bangalore on April 24 as a member of the Edaneeru troupe for a weeklong programme in various parts of the city, performed till Sunday.

CPI-M’s Yechury blames BJP for Babri mosque demolition

CPI-M’s Yechury blames BJP for Babri mosque demolitionPatna, Apr 28: Communist Party of India- Marxist (CPM) leader Sitaram Yechury on Tuesday blamed the Bharatiya Janata Party for demolition of the Babri mosque in Ayodhya.

Yechury also criticized the Congress for failing in its duties to prevent the national shame.

“The BJP played the role of the murderer and the Congress failed in its duty as police captain to protect the Babri mosque,” Yechury said at a press conference here.

Law Minister denies attempt to save Quattrocchi

Law Minister denies attempt to save QuattrocchiNew Delhi, Apr 28: Union Law Minister H R Bhardwaj on Tuesday dismissed BJP leader L K Advani''s allegation that the Central Bureau of Investigation (CBI) was working at the behest of the United Progressive Alliance (UPA) Government and clarified that no attempt has been made to save Italian businessman Ottavio Quattrocchi, the lone surviving suspect in the Bofors payoff case.

We need to undertake challenge of providing gainful employment: Ansari

We need to undertake challenge of providing gainful employment: AnsariNew Delhi, Apr 28: Vice President M. Hamid Ansari on Tuesday acknowledged an immediate need to undertake the challenge of providing gainful employment to millions of youth, who are in need of it.

Addressing the ''JRD Tata Young Entrepreneurs Awards'' at the Conference on ''Entrepreneurship - A Solution to Youth Unemployment'' organised by Bharatiya Yuva Shakti Trust, here today, Ansari said: "We need to comprehend the dimensions of the problem of youth unemployment."

Britannia Industries inks pact with Mauritius-based firm to acquire stake

britanniaThe 117-year-old biscuit major Britannia Industries has entered into an agreement with Fonterra Brands (Mauritius Holding) Ltd, Mauritius, for acquiring the latter's 49% Equity and Preference shareholding in Britannia New Zealand Foods Pvt. Ltd (BNZF), their joint venture company engaged in Dairy business.

With this acquisition, Britannia along with its wholly owned subsidiary will hold the entire equity and preference capital of BNZF. The acquisition is subject to Reserve Bank of India approval.

Biocon Q4 net profit plunges 61%

BioconBiocon Ltd, a fully integrated healthcare company that delivers innovative biopharmaceutical solutions, has registered 61% decline its net profit to Rs 24.14 crore for the fourth quarter ended March 31, 2009, against Rs 62.03 crore reported during the same quarter ended March 31, 2008.

In addition, company's total income for the quarter has also increased to Rs 239.84 crore from Rs 236.71 crore during the same quarter in 2007-08.

For the financial year ended March 2009, the company posted a net profit after tax of Rs 111.81 crore, down 74 per cent against Rs 434.94 crore in FY'08.

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