* Himachal DGP Ashwani Kumar new CBI Director
The government on Thursday night appointed senior IPS officer Ashwani Kumar as the new director of the Central Bureau of Investigation, superseding the agency's Special Director M L Sharma.

    * Home loans get costlier
Home loans just got costlier with the lending institutions on Thursday announcing a hike in their interest rates by an average of 0.75 per cent -- a move that would increase repayments by a minimum of about Rs 2.5 lakh for a Rs 20-lakh loan. HDFC Ltd has raised the retail prime lending rate by 0.75 per cent with effect from August 1.

    * Images: Fear over Surat's diamond hub

    * Indian Mujahideen threatens India TV
A television channel on Thursday received an email purportedly written by the Indian Mujahideen , which had claimed responsibility for the Ahmedabad  blasts, threatening to blow up its office.

    * Bush's poser on ISI
An "annoyed" US President George W Bush has confronted Pakistan Prime Minister over the leaking of intelligence, shared by Washington, to militants by the ISI and quizzed him on who was controlling the spy agency.

    * Inflation rises to 11.98 per cent
Inflation rose to 11.98 per cent for the week ended July 19 as some food and manufactured products turned dearer, justifying the harsh monetary stance of the Reserve Bank of India  announced a couple of days back.

    * Pak can't get N-deal: US
Nicholas Burns, one of the architects of the Indo-US nuclear deal, feels that Pakistan cannot expect a similar pact, a day after its Prime Minister Yousuf Raza Gilani openly demanded from the US such a deal.

    * Images: Final farewell to a martyred soldier
Hundreds turned up to pay their last respects to jawan Ajit Gaokar, who died in the recent exchange of fire between India and Pakistan at the Line of Control at Rajouri in Jammu, and was cremated with full military honours in Mumbai on Thursday.

    * 'Indian Express' ready to chug at Beijing
The star tennis duo of Leander Paes and Mahesh Bhupathi have set aside differences and come together to enhance India's medal prospects at the Beijing Olympics.

    * Tatas scrap $3-bn Bangladesh plan
The Tata Group on Thursday scrapped its ambitious $3 billion investment plans in Bangladesh that included a steel mill and power plant, after four exhaustive years of trying to get requisite infrastructure support.

    * GDP growth to slow down to 7.8% in 2008-09: NCAER
Economic think-tank NCAER on Thursday revised downwards economic growth projection to 7.8 per cent from its earlier estimate of 9 per cent for the current fiscal and said global slowdown and rise in inflation will have an adverse impact on the growth of Indian economy.

    * Reforms: FM to seek support of all parties
Finance Minister P Chidambaram on Thursday said he would reach out to all political parties to support bills on economic reforms in Parliament.

    * Inflation rises to 11.98 per cent

    * Foreign firms' tax issue: SC to decide
The Supreme Court will decide whether a non-resident company is liable to pay advance tax on fee charged by it for providing services in India.

    * Tatas scrap $3-bn Bangladesh plan

    * RCOM Q1 net up 24% at Rs 1,512 cr
Riding high on a sharp growth in subscriber base, Anil Ambani group's telecom arm RCOM on Thursday reported a 23.9 per cent jump in its first quarter net profit at Rs 1,512 crore (Rs 15.12 billion) and announced plans to invest over Rs 25,000 crore (Rs 250 billion) in the current fiscal.

    * Sensex ends up 69 points at 14,356
The Sensex opened with a positive gap of 72 points at 14,359, but soon slipped into the negative zone owing to nervousness ahead of derivatives expiry of the July series.

    * FinCom plan to achieve fiscal deficit target
The government on Thursday decided to ask the 13th Finance Commission to map the road for achieving fiscal deficit targets by including off-budget subsidies like oil, food and fertiliser bonds estimated at over Rs 100,000 crore (Rs 1,000 billion) in the Budget.

    * Nokia to invest $150 mn more in VC arm; focus on India
The world's largest mobile handset maker Nokia on Thursday said it will pump in an additional $150 million in the company's private equity and venture capital arm to focus on investment opportunities in the emerging markets of India and China.

    * Outsourcing? Tech to blame, says Obama
The Democratic presidential hopeful Barack Obama has held the revolution in technology and communication in last few decades responsible for outsourcing of jobs to India and China.

    * Depp to be next Batman villain?
    * Akshay to rock Vancouver
    * 'Stallone was very impressed with Indians'
    * Spotted: Shankar Mahadevan in Switzerland
    * Relatives demand probe into Ishmeet's death
    * 'I thought the combination of Rajni Sir and Daler...
    * Mamta Mohandas directs Rajni in *Kuselan*
    * Does Britney have a new man in her life?
    * Prime Minister 'shocked' by Ishmeet's death
    * Spotted: Fardeen Khan in UK


 


Comments




Leave a Reply