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  News Updated on Friday, February 10, 2012 7:59:40 AM
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 Top Stories
 •  US stocks edge higher amid Greek hope (Lead)
 •  World's biggest offshore windfarm opens in Britain
 •  US stocks little changed after Greece deal
 •  China to increase mineral exploration
 •  India Factoring and Financial plans Rs.5 bn equity infusion
 •  Tata Steel posts Rs.6 billion Q3 net loss
 •  Antrix case against Devas' arbitration adjourned (Lead)
 •  First joint trade chamber for divided Kashmir chooses chief

 »  US stocks edge higher amid Greek hope (Lead)
New York |Friday, 2012 5:35:05 AM IST
US stocks edged higher Thursday amid Greek's long-awaited austerity deal and better-than-expected jobless claims. ...

 »  World's biggest offshore windfarm opens in Britain
London |Friday, 2012 5:05:06 AM IST
The world's largest offshore windfarm opened off the coast of Cumbria in Britain Thursday. ...

 »  US stocks little changed after Greece deal
New York |Friday, 2012 2:05:05 AM IST
US stocks traded in a very narrow range around the breakeven line Thursday as investors felt little thrilled after Greek political leaders had agreed on austerity cuts after a dangerous deadlock. ...

 »  China to increase mineral exploration
Beijing |Thursday, 2012 11:35:05 PM IST
China is going to increase mineral exploration and development within a decade to keep up with its rapidly growing demand, as it believes dependency on foreign sources for energy and minerals can threaten its security. ...

 »  India Factoring and Financial plans Rs.5 bn equity infusion
Kolkata |Thursday, 2012 11:05:05 PM IST
India Factoring and Financial Solutions, a joint venture between Punjab National Bank (PNB) and Malta-based FIMBank, is planning to receive Rs.5 billion equity infusion from its promoters by March 2014. ...

 »  Tata Steel posts Rs.6 billion Q3 net loss
Kolkata |Thursday, 2012 10:35:05 PM IST
India's biggest steel maker Tata Steel Thursday reported a consolidated net loss of Rs 6.03 billion for the quarter ended December 2011, against a net profit of Rs.10 billion in the same period a year ago. ...

 »  Antrix case against Devas' arbitration adjourned (Lead)
Bangalore |Thursday, 2012 10:05:05 PM IST
A local court Thursday adjourned the case of the Indian space agencys commercial arm, Antrix Corporation, seeking injunction against Devas Multimedia Services Ltd. proceeding in the International Court of Arbitration over its annulled S-band spectrum de ...

 »  First joint trade chamber for divided Kashmir chooses chief
Srinagar |Thursday, 2012 10:05:05 PM IST
As part of the cross Line of Control (LoC) initiatives between two parts of Kashmir, a Srinagar-based businessman was Thursday elected to head a business interests body representing both sides. ...

 »  Relief for scheduled caste/tribe victims up 150 percent
New Delhi |Thursday, 2012 9:35:05 PM IST
The United Progressive Alliance (UPA) government has increased the minimum amount payable to the Scheduled Caste and Scheduled Tribe victims of atrocities by 150 percent, it was announced Thursday. ...

 »  2G: Supreme Court to hear Essar Tech's plea Feb 17 (Lead)
New Delhi |Thursday, 2012 9:05:06 PM IST
The Supreme Court Thursday said it will hear Feb 17 Essar Technologies Ltd's plea that the cheating case against the company in the 2G scam be heard by a magistrate and not the Special CBI court judge dealing with other corruption matters related to the s ...

 »  Vodafone Group's quarterly India revenue grows 6.3 percent
New Delhi |Thursday, 2012 8:35:05 PM IST
Britain-based telecom firm Vodafone Group Thursday reported a 6.3 percent rise in its India revenue at 1.02 billion pounds ($1.62 billion) for the quarter ended Dec 31 owing to the increase in the customer base. ...

 »  Give top priority to dedicated freight corridor project: PM
New Delhi |Thursday, 2012 8:05:06 PM IST
Prime Minister Manmohan Singh Thursday asked central government ministries and departments and state governments to give top priority to Rs.1 lakh crore dedicated freight corridor project that will substantially reduce infrastructure bottlenecks. ...

 »  Maruti Suzuki crosses 10 million sales mark
New Delhi |Thursday, 2012 8:05:06 PM IST
Maruti Suzuki Thursday said it has evolved to meet the demands of a changing India and crossed the 10 million cumulative domestic sales mark. ...

 »  Etisalat writes off $827 mn, evaluates India options
Mumbai/New Delhi |Thursday, 2012 8:05:06 PM IST
Abu Dhabi-based telecom firm Etisalat Thursday wrote off its investments worth $827 million in the mobile company Etisalat DB and said the company is evaluating its strategic options in India. ...

 »  Manmohan to meet key ministers over 2G verdict
New Delhi |Thursday, 2012 8:05:06 PM IST
Prime Minister Manmohan Singh is likely to hold a meeting with his key ministers in the next few days to discuss the Supreme Court order cancelling 122 2G (second generation) spectrum licences, official sources said Thursday. ...

 »  Concerns on food bill to be addressed: Thomas
New Delhi |Thursday, 2012 8:05:06 PM IST
The United Progressive Alliance (UPA) government Thursday said it will address the concerns expressed by the states over the proposed National Food Security Bill. ...

 »  Bengal, centre spar over funds
Kolkata |Thursday, 2012 7:35:06 PM IST
The West Bengal government Thursday refuted the Congress' claim that it was "understating" central assistance, and said it did not receive a penny more than what it constitutionally deserved. ...

 »  TERI to open centre in Himachal
Shimla |Thursday, 2012 7:05:06 PM IST
The Energy and Resources Institute (TERI) will open its centre in Himachal Pradesh to help the state adopt measures on climate change, Chief Minister Prem Kumar Dhumal said here Thursday. ...

 »  India, Pakistan trade can reach $10 bn by 2015: CII
New Delhi |Thursday, 2012 6:35:05 PM IST
Bilateral trade between India and Pakistan can reach $10 billion by 2015, from $2.7 billion registered in 2010-11, if tariff and non-tariff barriers are removed, the Confederation of Indian Industry (CII) said Thursday. ...

 »  Rights group demands probe into Assam starvation deaths
Guwahati |Thursday, 2012 6:35:05 PM IST
A human rights group in Assam has written to Prime Minister Manmohan Singh and union Labour and Employment Minister Mallikarjun Kharge for a probe into the alleged starvation deaths of 11 people in a tea estate in Cachar district. ...

 »  DGCA to conduct surprise checks to catch drunk pilots, crew
New Delhi |Thursday, 2012 6:05:06 PM IST
The Indian aviation watchdog Thursday said it will carry out surprise checks and enforce stricter norms to stop pilots and cabin crew getting tipsy while at work. ...

 »  Sensex zooms 123 points up, FII interest intact (Roundup)
Mumbai |Thursday, 2012 5:35:05 PM IST
A late rally helped a benchmark index of Indian equities markets close 123 points up Thursday, with metals and realty stocks gaining the most. Support also came in from overseas investors, who have already poured in over $1.6 billion during the month. ...

 »  Manpower shortage in business aviation affecting safety: DGCA
New Delhi |Thursday, 2012 5:35:05 PM IST
An acute shortage of trained manpower in general (business) aviation is affecting flight safety in the fast growing sector, the industry regulator said Thursday. ...

 »  Hindalco Industries quarterly net profit drops 2 percent
New Delhi |Thursday, 2012 5:35:05 PM IST
Hindalco Industries Ltd Thursday posted a decline of 2 percent in net profit at Rs.450.7 crore for the quarter ended Dec 31 against Rs.460.34 crore during the same period of the previous financial year. ...

 » Phone hacking scandal bill touches $200m for Murdoch's News Corp
London | February 09, 2012 12:01:13 AM IST
Rupert Murdoch's News Corporation has said the phone hacking scandal at News International has cost the group nearly 200 million dollars till date. ...

 »  India's exports up 10.1 percent to $25.4 bn in January
New Delhi |Thursday, 2012 5:05:05 PM IST
India's exports grew by 10.1 percent to $25.4 billion in January, while imports surged 20.3 percent to $40.1 billion, leaving a trade deficit of $14.7 billion, Commerce Secretary Rahul Khullar said here Thursday. ...

 »  Cabinet nod for cold chain centre as society (Second Lead)
New Delhi |Thursday, 2012 4:05:05 PM IST
The National Centre for Cold Chain Development (NCCD), tasked with establishing infrastructure and logistics to preserve fruits, vegetables and other perishables, will be notified as a registered society. ...

 »  Sensex rallies in last hour, closes 160 points higher (Lead)
Mumbai |Thursday, 2012 4:05:05 PM IST
A benchmark index of Indian equities markets Thursday shot up in the last hour of trade, after languishing in the red for most of the day, and provisionally closed 160 points higher. ...

 »  2G: Supreme Court to hear Essar Tech's plea Feb 17
New Delhi |Thursday, 2012 3:35:05 PM IST
The Supreme Court will hear Feb 17 Essar Technologies Ltd's plea that its case in the 2G scam be heard by a magistrate and not a special CBI court. ...

 »  Cabinet nod for cold chain centre as society (Lead, Superseding earlier story)
New Delhi |Thursday, 2012 3:05:05 PM IST
The cabinet Thursday approved the status of a registered society for the National Centre for Cold Chain Development (NCCD), which provides cold storage facilities to perishables. ...

 » Fresh snowfall gives Manali tourism a boost
Manali | February 09, 2012 12:01:13 AM IST
The tourism and hospitality sectors in Himachal Pradesh is likely to get a boost after fresh snowfall enveloped the states's Manali region this week. ...

 »  Cabinet approves guidelines for defence hardware JVs
New Delhi |Thursday, 2012 2:35:05 PM IST
Even as the vexed issue of foreign direct investment (FDI) in India defence sector hangs fire, the cabinet Thursday approved guidelines to facilitate the formation and regulation of joint ventures (JVs) between the private sector and the defence public se ...

 »  Cabinet nod to cold chain centre
New Delhi |Thursday, 2012 1:35:05 PM IST
In order to cut the loss of fruits, vegetables and flowers during stoage, the cabinet Thursday approved the setting up of a National Centre for Cold Chain Development (NCCD). ...

 »  Odisha, Jharkhand to check iron ore smuggling
Bhubaneswar |Thursday, 2012 1:05:05 PM IST
Mineral rich Odisha and Jharkhand have decided to take joint measures to prevent cross-border transport of iron ore mined illegally, an official said Thursday. ...

 » Chinese firm slaps $1.6bln lawsuit against Apple for using iPad trademark
London | February 09, 2012 12:01:13 AM IST
A Chinese tech company has said that it owns the rights to the iPad trademark and sued Apple for 1.6 billion dollars. ...

 »  Benchmark indices subdued, midcaps rise
Mumbai |Thursday, 2012 12:35:05 PM IST
Benchmark indices at Indian equities markets were Thursday ruling dull a little before noon, but buying continued in mid-to-smaller sized scrips. ...

 »  Hydropower major forays into wind power
Shimla |Thursday, 2012 12:05:05 PM IST
After testing the waters, the Satluj Jal Vidyut Nigam Ltd (SJVNL) which owns and operates India's largest hydropower project in Himachal Pradesh has now decided to venture into wind energy. ...

 »  Industries sagging in Jammu and Kashmir
Jammu |Thursday, 2012 11:35:05 AM IST
Industries in Jammu and Kashmir are showing signs of decline despite the incentives and concessions provided by the central government since 2002. ...

 » Google to offer money in exchange for users' search history
Canberra | February 09, 2012 12:01:13 AM IST
Search giant Google has announced that it will start paying some users in exchange for their search history as part of the company's new project called 'Screenwise'. ...

 » Nokia to cut 4000 jobs as smartphones manufacturing moves to Asia
London | February 09, 2012 12:01:13 AM IST
One of the world's largest mobile phone makers, Nokia, is planning to cut 4000 factory jobs in Europe as it shifts the assembly of smartphones to Asia. ...

 »  Love your morning cuppa? Get ready to pay more
Kolkata |Thursday, 2012 10:35:05 AM IST
The humble tea is set to turn a bit pricey. A supply shortage, hike in the wages of tea garden workers and soaring input costs are about to make the favourite beverage of millions of Indians cost more, say industry sources. ...

 »  US stocks edge higher on Greece hopes (Lead)
New York |Thursday, 2012 7:05:06 AM IST
US stocks edged higher Wednesday as investors were still hoping the debt talks in Greece will be resolved, Xinhua reported. ...

 »  US stocks slip
New York |Thursday, 2012 6:05:05 AM IST
The US stocks slipped in midday trading Wednesday as investors' concerns mounted amid prolonged debt talks in Greece. ...

 »  China to stockpile sugar
Beijing |Thursday, 2012 5:35:05 AM IST
China will stockpile one million tonnes of sugar in an effort to stabilize prices and protect farmers' interests, the government said Wednesday. ...

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