New Delhi

PSU Bank Consolidation views by Rajiv Singh from Karvy Stock Broking

Indian government has been planning consolidation of public sector banks for quite some time.

Indian Government Needs Concrete Steps to Promote Electric Vehicles

Indian Government Needs Concrete Steps to Promote Electric Vehicles

Indian government will need to take bigger steps in order to promote electric vehicles in India. Automobile companies are suffering from lower sales as many consumers are waiting for new launches in electric vehicles segment. However, the companies have failed to launch any mass market vehicle in the Indian market.

For Indian consumers, electric vehicles in price range of 8-12 lakh will be ideal. However, Hyundai has launched Kona electric in Indian market with a price tag of 24 lakh. It will be difficult for this vehicle to reach enough of sales volume to make viable case for Hyundai.

Heat wave sweeps across India

Heat wave sweeps across India New Delhi  - Intense heat wave conditions persisted in large parts of northern, eastern and western India Thursday with temperatures shooting up to 47 degrees Centigrade in some places in the western state of Maharashtra.

At least two persons died in the eastern state of Orissa over the past 24 hours, raising the heat wave toll in the state over the past month to 67, IANS news agency reported.

The mercury has hovered around 45 degrees Centigrade in Orissa for over a week.

SU-30 MK-I crashes in Rajasthan, pilot killed

SU-30 MK-I crashes in Rajasthan, pilot killedNew Delhi, Apr 30 : A SU-30 MK-I aircraft of the Indian Air Force on a routine training mission crashed 70 kms southeast of Jaisalmer in Rajasthan, today.

The aircraft had taken off from aircraft had taken off from the Lohegaon air base in Pune.

"The crash took place around 10:30 a. m. Both the pilots ejected out of the aircraft. While Wing Commander SV Munje survived the crash, Wing Commander PS Nara succumbed to his injuries," the IAF said in a statement released today.

Hearing on Bofors case extended till September 8

Bofors case: Quattrocchi no longer on CBI''s most wanted listNew Delhi, Apr 30 : A Delhi Court on Thursday postponed the hearing of the Bofors pay off case till September 8 after the Central Bureau of Investigation (CBI) sought two months time to decide its future course of action on the lone surviving suspect, Ottavio Quattrocchi.

The CBI on Tuesday had requested Interpol to remove the Italian businessman''s name from its list of most wanted persons.

Rihanna set to receive jewellery back from police

RihannaNew Delhi, Apr 30 : The Los Angeles police are set to return Barbadian singer Rihanna’s 1.4 million dollars worth of jewellery taken as evidence on the night of the alleged assault on her by Chris Brown.

Rihanna, 21, had worn the earrings and three rings, which were on loan to her, while attending a pre-Grammy party with Brown hours before the Feb 8 incident, reports China Daily.

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