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Tata Steel Set for Final Battle
to Buy Corus
The race to buy Anglo-Dutch steel-maker Corus, for which
India's Tata Steel is among the two contestants, turned into
an auction Tuesday night with the winner set to be named
latest by Thursday. The British Takeover Panel, the
country's watchdog on mergers and acquisitions, had asked
Corus to sell itself to the highest bidder, as three months
of bidding and counter-offers had failed to produce an
outright winner, officials said.
Read On >>>
Curfew in Gorakhpur after Fresh
Violence
Gorakhpur continued to simmer in communal tension and
parts of the town remained curfew bound Tuesday as police
presence was intensified after one person was shot dead the
night before. A scuffle between two individuals accidentally
led to a person in a Muharram procession being shot,
snowballing into large-scale arson and disruption of normal
life. Read On >>>
Indian Kashmir 'more free' than
all of Pakistan
In a damning indictment of Islamabad's "propaganda" about
Jammu and Kashmir, a new report says the Indian-administered
part of the state is "more free" than all of Pakistan, whose
support of the "freedom struggle" in the Himalayan state has
"little justification". "Comparisons of the ratings show up
the 'freedom struggle' launched by separatists in Jammu and
Kashmir as having little justification and Pakistan's
posturing as being hypocritical considering how poorly
Pakistan itself is rated," it added.
Read On >>>
Nepal Leaders Agree on Federal
System
In a bid to end the
two-week-old violence in southern Nepal, the eight main
political parties have agreed on a federal structure of
governance, a senior minister said Tuesday. The agreement is
seen as an attempt by the parties, including the Maoist
party, to try to contain the escalating violence in the
south and south-eastern parts of the Himalayan nation.
Read On >>>
Micro-credit in India Stuck in Fears of
Corruption: Yunus
Micro-credit for the
poor has been slow to pick up in India as banks are
reluctant to lend due to fears of abuse and corruption, says
Bangladesh's Nobel Prize winning economist Muhammad Yunus.
He also blames "bad politics" for the present mess in
Bangladesh which he says is a "liberal Muslim society" that
will tide over its the current dalliance with
fundamentalism. "(In India) it hasn't picked up in the
manner it should .. Yunus told IANS in an interview.
Read On
Azim Premji Rings NYSE Opening
Bell
Indian IT major Wipro's chairman Azim Premji was Tuesday
given the honor of ringing the opening bell at the "Big
Board" - as the New York Stock Exchange (NYSE) is known.
Wipro's ADSs are listed on the NYSE, the largest stock
exchange in the world by dollar volume and the second
largest by number of companies listed. It has a global
capitalization of $17.4 trillion, including $7.1 trillion in
non-US companies. Read On
>>>
Air Marshal Major is Next IAF
Chief
 Relying
on the time-tested principle of seniority, the government
Tuesday announced Air Marshal Fali Homi Major would be the
new Indian Air Force (IAF) chief and would assume office
March 31 in the rank of air chief marshal. The present
incumbent, Air Chief Marshal S.P. Tyagi, retires the same
day. Major's appointment sets a precedent as this will be
the first time the IAF, which is celebrating its platinum
jubilee, will be headed by a helicopter pilot.
Read On >>>
Hillary's Mystery: Who are the
'Evil Men'?
Hillary
Clinton says her experience in dealing with "evil and bad
men" would help her as president. At least as intriguing for
many Americans is exactly which men she had in mind. Pressed
for an explanation, Hillary Clinton brushed off the
suggestion that she meant her husband, who had an affair
with a female intern while he was in the White House.
Read On
Bush Warns Iran against
Involvement in Iraq
The US "will
respond firmly" if Iran steps up its alleged involvement in
attacks on US soldiers in Iraq, said President George W.
Bush. The remarks follow Bush's earlier accusation that Iran
was fomenting violence in Iraq by helping militants attack
US troops. The US charges that Tehran supplies Iraqi Shia
militias with materials for high-powered roadside bombs.
Read On
War Material Seizure Signal LTTE
Bracing for Guerrilla War
Sri Lanka's Tamil Tigers may be preparing for a
sustained guerrilla war if the growing seizures of war
materials in India are any indication, say official sources.
In the last three months, authorities in Tamil Nadu have
taken into their possession equipment and vast quantities of
materials that can be used to make bombs meant for the LTTE.
Read On >>>
Germany's Therapeutic Mud Baths
Have Healing Qualities
At first glance, it
is difficult to believe anyone would willingly get into a
mud bath. But thousands of Germans bathe in them every year
to benefit their health, and these warm baths have a long
history as a natural cure. Patients have sought out the
brownish-black mud in Bad Wilsnack in Brandenburg for more
than a century, originally to ease back pain or arthritis.
Read On >>>
When Milkha Basked in Jeev's
Achievements
'Ay ki hunda hai (what is
it?), Milkha Singh asked in Punjabi when Vijayalakshmi
Pandit, India's envoy in Britain, conveyed to the "Flying
Sikh" in 1959 that the government had awarded him the Padma
Shri. Unbelievable but true! Milkha, a sprightly 77 now,
revealed ...
Read On >>>
Simputer Project Struggling to
Keep Afloat
The Simputer is dead. Long live the Simputer. India's most
high profile IT hardware project has been fighting to keep
afloat, but some pleasant surprises could still come the way
of this handheld computing device. The Simputer was greeted
with much optimism globally when plans for it were announced
and prototypes put out to show its workability. But this
didn't work as smoothly as expected. Now the production of
the Simputer has ceased. Read
On >>>
Today's News
News Archives Dec 06
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