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Pulwama attack: CRPF not to celebrate Holi

an hour ago  
Business / Business Standard/ General News  
The CRPF will not officially celebrate Holi this year as a mark of respect to its 40 jawans killed last month in a suicide attack in Jammu and Kashmir, where the force eliminated 210 terrorists in 2018, the force's chief said Tuesday. During an event to the mark 80th raising day of the force at its group centre here, CRPF Director General (DG) R R Bhatnagar also said the influence of left-wing extremists or Naxals has reduced by 40 per cent and only a few areas in the country are now affected. Paying tributes to the slain personnel, the DG said the force is creating a 'mobile app' in order to provide help to the families of jawans killed in action. He added there will be no "official celebrations" in the force during the Holi festival on March 21 as a mark of respect to the 40 troops killed in the suicide attack in Pulwama on February 14. "In Jammu and Kashmir, tackling terrorism is a challenge. The force has neutralised 210 terrorists in operations last year in the Kashmir valley," ....
                 

Jet Airways: Banks may infuse funds provided major shareholders pledge shares

an hour ago  
Business / Business Standard/ General News  
Banks are likely to infuse fresh funds into cash-strapped Jet Airways provided major shareholders of the airline, including Gulf carrier Etihad Airways, pledge their shares as collateral, sources said. With the airline unable to get fresh funds, the options are limited now, they added. The full service carrier is grappling with acute financial woes that has resulted in grounding of a significant number of planes, defaulting on debt repayments and delay in payment of salaries to pilots and other senior officials. Founder Chairman Naresh Goyal and his family owns around 52 per cent stake in Jet Airways while Etihad, a strategic partner, has 24 per cent shareholding. The sources said that banks can provide further loans if major stakeholders --Goyal and Etihad -- agree to pledge their shares as security. A consortium of lenders, led by the State Bank of India (SBI), is working on a resolution plan for Jet Airways, which has a debt burden of more than Rs 8,200 crore. Earlier, sources said..
                 

37 companies if CPMF in Tripura

an hour ago  
Business / Business Standard/ General News  
A total 37 companies of central para military forces (CPMF) have arrived in Tripura for the two-phase Lok Sabha election in the state, top police official said Tuesday. The CPMF personnel would be deployed in Tripura for the first phase of elections scheduled to be held here on April 11, Deputy Inspector General (DIG) Arindam Nath said. Around 100 companies of CPMF would arrive in the state for the Lok Sabha elections and preventive arrests would be stepped up to ensure law and order situation before, during and after the polls, he said. "We have stepped up preventive arrests and execution of non-bailable warrants. Nearly 200 persons have been arrested till now. The highest number of preventive arrests were made in West Tripura district," he informed. Tripura Chief Electoral Officer Sriram Taranikanti said that central security forces were deployed in confidence building measures in different parts of the state. "They are engaged in area domination, patrolling and other ...
                 

CM, Oppn leader against removal of portions from NCERT Class 9

an hour ago  
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: Coming down on the HRD ministry's decision to remove portions of the 'Renaissance Movement' from the class IX textbook of NCERT, Kerala Chief Minister Pinarayi Vijayan said it reflects the Sangh Parivar's agenda to "rewrite" history books to suit their needs. Portions of the historic Channar revolt (Maru Marakkal Samaram) of Kerala, the excerpts of the autobiography of C Kesavan's 'Jeevitha Samaram', are among those which have been removed. Vijayan said the NCERT has removed the portions about the Renaissance movement, especially the struggles by Dalits and backward communities in the country. "This was an attempt to wipe the renaissance values from the youth," he said in a Facebook post. Meanwhile, Opposition leader in the assembly Ramesh Chennithala also flayed the centre's decision and wrote to the NCERT director to reinsert the portions removed,especially the agitation by lower class women to cover their breasts. In 19th century Travancore, women of lower class were..
                 

India, Sri Lanka to hold 2-wk military exercise from March 26

an hour ago  
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Robbers flee with entire ATM machine in Dwarka

an hour ago  
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Robbers fled with with an entire ATM machine of the Corporation Bank which had around Rs 30 lakh inside near the Nawada metro station in Dwarka, police said on Tuesday. Police said the incident took place on the intervening night of Monday and Tuesday and the robbers covered the CCTV cameras with grease. The bank's branch manger filed a complaint on Tuesday in which he said the bank operates from 9 AM to 9 PM and the same scheduled was followed by them on Monday. In the complaint, he said when the staff came to the bank on Tuesday, they found the entire ATM machine missing, a senior police officer said. Initial investigation revealed that the robbers came to the ATM and cut the wire of the CCTV which was placed outside the machine after covering its lens with grease. After that they removed the machine, the officer said. Police are checking the footage of the camera which was placed inside. The manager said they had filed Rs 16 lakh on Monday at around 3.30 PM and the total amount in ...
                 

Will Kejriwal withdraw corruption charges against Dikshit if unholy alliance is formed: Goel

an hour ago  
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With the Congress again mulling a tie up with the AAP in Delhi, Union Minister Vijay Goel Tuesday sought to corner both the parties asking if Chief Minister Arvind Kejriwal will withdraw charges of corruption against Sheila Dikshit or will the Delhi Congress chief resign from her position. Goel said in case an alliance is formed between the Congress and Aam Aadmi Party, Dikshit should either tender her resignation or accept the serious charges of corruption levelled by Kejriwal against her. The Union Minister said in 2013, Kejriwal vowed that he will put Sheila Dikshit behind bars within 24 hours of getting elected alleging she is "smeared with colours of corruption" related to commonwealth games, water tankers scam among others. "It is ironical that Sheila Dikshit herself is the Delhi Pradesh Congress President and under her leadership this unholy alliance is getting formed. "I wanted to ask whether Kejriwal will withdraw his serious charges of corruption against her or will she .....
                 

Fortis Healthcare appoints Ashutosh Raghuvanshi as MD and CEO

2 hours ago  
Business / Business Standard/ General News  
Fortis Healthcare Tuesday said it has appointed Ashutosh Raghuvanshi as Managing Director and Chief Executive Officer of the company with immediate effect. The company's board of directors have approved the appointment of Raghuvanshi as MD and CEO with immediate effect for a period of three years, Fortis Healthcare said in a filing to the BSE. This is subject to the approval of shareholders of the company, it added. At Fortis, Raghuvanshi will be responsible for the day-to-day management decisions of the company and for implementing its long- and short-term plans, the filing said. "He will be playing a pivotal role in providing necessary leadership and strategic direction to the management team in achieving the company's short-term profitability and long-term growth objectives, aligned to the vision, mission and core values of the Fortis Group," it added. Before joining Fortis, Raghuvanshi was working with Narayana Health as Vice Chairman, Managing Director and Group CEO, and was .....
                 

CR nets Rs 159 cr from ticketless travellers in 10 months

2 hours ago  
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The Central Railway (CR) has collected fine of Rs 158.93 crore between April 2018 and February this year from passengers caught travelling without tickets and violating rules, an increase of nearly 11 per cent compared to the same period in the year before. The average collection stood at Rs 14.44 crore per month, as per a statement issued by the CR. The CR said the cases of ticketless/irregular travel and un-booked luggage has risen by 9.89 per cent at 32 lakh between April 2018 and February 2019, as against 29.12 lakh cases in the corresponding period last year, it said. "Earnings realised from such ticketless or irregular travel registered Rs 158.93 crore in the period April 2018 to February 2019, as compared to earnings of Rs 143.21 crore registered during the corresponding period last year, showing an increase of 10.98 per cent," a statement issued by CR said. It said the CR has regularly conducted intensive campaign against ticketless and irregular travel. "Senior ....
                 

LS polls:CPI(M) announces 13 more candidates,to wait for

2 hours ago  
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The CPI(M)-led Left Front Tuesday announced candidates for 13 more Lok Sabha seats in West Bengal, taking the total number of its contestants to 38. The grouping, however, kept its door for seat sharing talks with the Congress open till Wednesday evening by not declaring nominees in four seats, which the national party had won in the 2014 general elections. Even the list of 38 candidates could be altered if the Left Front gets a positive response from the Congress by tomorrow evening on an alliance, the front's chairman Biman Bose said. The development came a day after the Congress announced candidates for 11 seats including Raiganj and Murshidabad, which the CPI(M) had won in 2014. "We announced a list of 38 candidates. We are not announcing the names of four seats which the Congress had won the last time. We will wait till Wednesday evening for a response from the Congress," Bose told reporters here. "If there is no response, we will go ahead with the remaining four seats. But if we..
                 

Bridge collapse: Structural auditor sent in police custody

2 hours ago  
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Structural auditor Neerajkumar Desai, arrested in connection with the last week's foot over- bridge (FOB) collapse here that left six people dead, was Tuesday sent to police custody till March 25, police said. Desai, arrested Monday, was produced in Killa court in south Mumbai this afternoon and he was sent to police custody till March 25, said Mumbai police spokesperson DCP Manjunath Singe. The structural auditor has been booked under IPC section 304-II (culpable homicide not amounting to murder) by the Azad Maidan police. Offence under the section is punishable up to life imprisonment. His firm, DD Desai's Associated Engineering Consultant and Analysts Pvt Ltd, had carried out the structural audit of the ill-fated FOB at CSMT railway station in south Mumbai, and declared it safe for use despite some corrosion in the structure, the police have said. A part of the 40-year-old bridge, which linked the area near the BMC headquarters with the iconic Chhatrapati Shivaji .....
                 

Fate of Patidar quota stir uncertain after Hardik joins Cong

2 hours ago  
Business / Business Standard/ General News  
The fate of the Patidar quota agitation hangs in balance with its leader Hardik Patel and his supporters saying that the issue is over and they now want to focus on problems of farmers and jobs for youth. However, many from the Patidar Anamat Andolan Samiti (PAAS), headed by Patel, want to continue their fight for quota for the Patidar community in government jobs and education. Patel, who first came into the limelight with the Patidar quota stir in 2015, joined the Congress here last week in the presence of party president Rahul Gandhi. The 25-year-old firebrand leader claims "the issue of reservation is over now". "How can you talk about reservation when you have already been granted 10 per cent quota benefits. Now my focus is on raising issues concerning farmers and youth. I will make people aware of the BJP's wrong policies and of the Congress's vision," he said. Patel admitted that at the beginning of his agitation, he had demanded reservation for the Patidar community under the ...
                 

Tally Solutions aims to empower SMEs in Tamil Nadu with tech

2 hours ago  
Business / Business Standard/ General News  
: Tally Solutions, a business software provider, Tuesday announced its plan to help small and medium enterprises (SMEs) across Tamil Nadu with its technology for transparency and efficiency. The company aims to also support seamless transition to automation of daily business operations like cash flow management, managing stock, compliance and accounting with the help of automation, a press release from the Bengaluru-based firm said. To create technical literacy and encourage automation among the SMEs, Tally Solutions has been educating them on optimising ways of conducting business through various industry associations, partner organisations and trade fora, the release said. This was being done in association with influencers in the SME sector -- chartered accountants and tax practitioners, the release quoted zonal head-South of Tally Solutions Bhuwan Ranjan as saying. "The adoption of technology in daily business operations in the South is one of the highest as .....
                 

BJP-led govt in Goa to face floor test Wednesday

2 hours ago  
Business / Business Standard/ General News  
The BJP-led government in Goa will face the floor test Wednesay, a day after it was formed. Governor Mridula Sinha has convened a special session of the Assembly at 11.30 am Wednesday to enable Chief Minister Pramod Sawant to prove his majority in the House, an official said. Sawant Tuesday said his government had sought a floor test on Wednesday to prove its strength in the Assembly. The BJP-led government in the coastal state claims support of 21 MLAs - 12 from the BJP, three each of allies Goa Forward Party (GFP) and Maharashtrawadi Gomantak Party (MGP) and three Independents. The strength of the 40-member House has been reduced to 36 due to the death of chief minister Manohar Parrikar, BJP MLA Francis D'Souza and resignations of two Congress MLAs Subhash Shirodkar and Dayanand Sopte. The Congress is the single largest party in the state with 14 MLAs. There is also an NCP legislator in the House. Sawant, 45, who was sworn in along with 11 other ministers in a ceremony ...
                 

HC notice to EC on church seeking change in TN poll date

2 hours ago  
Business / Business Standard/ General News  
The EC Tuesday informed the Madras High Court that it has rejected a plea by the Tamil Nadu Bishops' Council seeking re-scheduling of the April 18 Lok Sabha elections and assembly bypolls in the state as the date clashed with Easter Triduum. The submission was made by the Election Commission (EC) counsel Niranjan Rajagopalan when a petition by council president and Madurai Archbishop Antony Pappusamy seeking a direction to the commission to change the poll date came up for hearing. The counsel said even the news about the EC rejecting the representation had come in the media. The division bench comprising Justice S Manikumar and Justice Subramonium Prasad then directed Rajagopalan to file an affidavit in this regard by Thursday and posted the matter for hearing on that day. The archbishop in his public interest litigation petition said that the council had already submitted a memorandum to the EC on the issue and there was no response from it. He submitted that there were around 50 .....
                 

Maruti drives in updated Eeco with additional safety features

2 hours ago  
Business / Business Standard/ General News  
Maruti Suzuki India (MSI) Tuesday said it has launched an updated version of its multi purpose vehicle Eeco with various safety features, including reverse parking assist and co-driver seat belt reminder as standard fitment. As a result of addition of various safety features, the price of the model will go up in the range of Rs 400 and Rs 23,000, across variants. "The new Eeco comes with reverse parking assist system and co-driver seat belt reminder as standard features across all the variants," MSI said in a regulatory filing. Additional features like speed alert system, ABS and airbag have also been added in select variants, it added. "This will result in price increase varying from Rs 400 to Rs 23,000 (ex-showroom Delhi) in variants depending on the features being introduced across variants," the company said. Eeco is currently priced between Rs 3.37 lakh and Rs 6.33 lakh (ex-showroom Delhi)...
                 

BJP to hold Vijay Sankalp rallies in all 25 LS seats in Rajasthan

2 hours ago  
Business / Business Standard/ General News  
                 

DMK vows to halt Methane, Neutrino projects in Tamil Nadu

2 hours ago  
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The DMK Tuesday assured steps to do away with Methane extraction and neutrino projects and promised revival of its pet Sethusamudram plan and protect the firecracker industry in its manifesto for the Lok Sabha polls. Efforts to get back Katchatheevu to India from Sri Lanka, caste based census, casteless model villages named after leaders 'Periyar-Jyotirao Phule,' were among the assurances. Slamming "exorbitant charges," for transactions like ATM withdrawals, and "penalising," customers for not maintaining minimum balance, the DMK said such charges will be refunded. Opposing the "imposition of Hindi," the DMK promised steps to make Tamil a co-official language in all Central government offices in Tamil Nadu and to make all State languages as official languages of the Union. Free train travel for school, college students and employment to one crore youth as road workers for maintaining roads, reservation in promotion in the services of the union government and filling .....
                 

Lakshya, Riya break into top 100; Sindhu, Saina static in new badminton rankings

2 hours ago  
Business / Business Standard/ General News  
Young Indian shuttlers Lakshya Sen and Riya Mookerjee Tuesday broke into the top-100 to be placed 76th and 94th among men's and women's singles players in the latest world badminton rankings. In the latest BWF rankings, Lakshya made a massive jump of 28 places while Riya climbed up 19 spots. B Sai Praneeth, who stunned Olympic champion Chen Long before losing in the final of the Swiss Open against China's Shi Yuqi at Basel on last Sunday, also moved up three places to 19th. Kidambi Srikanth remained static and is the best placed Indian in the men's rankings at seventh, followed by Sameer Verma (14th), H S Prannoy (24th), Subhankar Dey (43rd), Parupalli Kashyap (48th), Ajay Jayram (52nd) and Sourav Verma (53rd). Japan's Kento Momota is the leading the men's chart followed by Yuqi and Chinese Taipei's Chou Tie Chen. In the women's singles rankings, P V Sindhu and Saina Nehwal are static at sixth and ninth positions respectively. Chinese Taipei's Tai Tzu Ying is topping the women's .....
                 

BJP MLA booked for preventing municipal employees from doing their duty: cops

2 hours ago  
Business / Business Standard/ General News  
                 

Rupee pauses after 6-day rally, slips 43 paise against US dollar

2 hours ago  
Business / Business Standard/ General News  
Halting its six-day winning run, the Indian rupee Tuesday edged lower by 43 paise to close at 68.96 to the US dollar on emergence of demand for the greenback from importers. The local currency also came under pressure due to rising crude pressure and a caution ahead of the outcome of the Federal Open Market Committee (FOMC) meeting. At the Interbank Foreign Exchange (forex), the domestic currency opened at 68.53 a dollar and fell further to touch the day's low of 69.05. It finally settled at 68.96 per dollar, down 43 paise over its previous close. The Indian rupee on Monday had surged by 57 paise to close at an over seven-month high of 68.53 against the US dollar. "The rupee has depreciated today on account of importers demand at lower levels. However broad sentiments remain positive due to foreign fund inflows in the debt and equity market. In the near term, the rupee may trade in the range of 68 and 69.50," said Rushabh Maru, Research Analyst - Currency and Commodity, Anand Rathi .....
                 

IPRS, Google conclude music licensing deal for India

2 hours ago  
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Indian Performing Right Society Limited has granted a license to Google, allowing the company to utilise its members' collection across YouTube and related services in the country, the tech giant said in a statement. The IPRS is a representative body of owners of music, including composers, lyricists and the publishers of music, and is also the sole authorised body to issue licences to permit usage of the music within India by any person. A Google statement said that IPRS and Google have concluded music licensing deal for India. "This is yet another step in YouTube's ongoing commitment to ensuring that writers, composers and publishers continue to be paid fairly, and that our users are able to enjoy their favourite songs and discover new music on YouTube," Christophe Muller, Global Head of Music Licensing, at YouTube said. Muller said that the agreement with IPRS will bring more value to songwriters and artists, and deliver an strong experience to music fans in India. Javed Akhtar, .....
                 

Extradition proceedings against Nirav Modi underway: CBI sources

2 hours ago  
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Extradition proceedings of fugitive businessman Nirav Modi are underway, sources in Central Bureau of Investigation said on Tuesday."The extradition process of Nirav Modi is on, we are doing everything as per the law. It takes its own time. The process is legalistic from their side also," sources in Central Bureau of Investigation (CBI) told ANI."When we issue a Red Corner Notice (RCN), it is an (international) warrant against the person to whom it is issued," the sources said.On Monday, a London court issued an arrest warrant against diamond merchant Nirav Modi, who is wanted in India for an alleged loan default case, according to the sources in the Enforcement Directorate.The arrest warrant was issued by the Westminster Court, the sources added.The development comes days after the fugitive was tracked down to a 33-storey Centre Point Apartment complex in London's Theatre District.The tower was an office complex and was converted into luxury residences with prices ranging from PS2 .....
                 

Naveen Patnaik chooses village SHG member for Aksa L S seat

3 hours ago  
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A 68-year-old village self help group member in Odisha has been allotted the BJD ticket for the Aska Lok Sabha seat, from where party president and Chief Minister Naveen Patnaik had begun his political career around 20 years ago. Pramila Bisoi, who has formal education till Class 3, was chosen as candidate for the seat by Patnaik over several highly-educated women, including two members of erstwhile royal families. The number of women aspirants for the Lok Sabha polls is going to be high this time as Patnaik has announced that 33 per cent of BJD candidates for the Lok Sabha elections will be women, a party insider said. Erstwhile family members Pratyusha Rajeswari Singh, the sitting MP from Kandhamal, and Malvika Devi, who is the wife of Kalahandi sitting MP Arka Keshari Deo, have been denied tickets by the BJD chief. "In a humble tribute to the lakhs of women in our Mission Shakti movement I have declared Pramila Bisoi, SHG leader in Nalabanta village of Aska, the BJD candidate for ....
                 

Ebix commences due diligence to acquire Yatra

3 hours ago  
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US-based software firm Ebix Inc Tuesday said it has commenced due diligence for signing an agreement to acquire Yatra Online Inc, the parent company of online travel firm Yatra.com, by May 15. The company had earlier this month offered to acquire Yatra Online Inc for USD 336 million (over Rs 2,345 crore). Ebix Inc has "officially engaged with Yatra Online Inc to commence its due diligence immediately, with the goal of working towards signing the agreement to acquire Yatra Online latest by May 15, 2019," the company said in a statement. The company intends to merge Yatra Online with its Indian subsidiary EbixCash. The offer is subject to due diligence and customary regulatory and other closing conditions, it added. EbixCash operation on a standalone basis is targeting quarterly annualised revenues of USD 600 million by the fourth quarter of 2019, the statement said. On March 15, Yatra Online Inc said in a statement that it had entered into a mutual confidentiality agreement with Ebix ....
                 

India loses tennis events due to closure of Pakistan's air space

3 hours ago  
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The closure of Pakistan's air space in the aftermath of the Balakot air strikes has resulted in India losing the hosting rights of the junior Davis Cup and Fed Cup, a source in the national federation told PTI on Tuesday. A total of 16 Under-16 Davis Cup teams, including Pakistan, were to travel to India for the annual competition, often dubbed as the World Cup of tennis. The junior Davis Cup was to be held at the DLTA complex from April 8-13 while the Fed cup matches were scheduled from April 15-20. "Pakistan's air space was locked down at that time and airports (in India) were also on high alert. No one knew for how long the uncertain situation will prevail. So, a consensus emerged that it's best to shift the venue and India could host tournaments in future," a highly-placed source told PTI. Both the competitions will now be held in Bangkok, Thailand. The tensions between the two neighbours heightened after the Pulwama terror attack in which more than 40 CRPF personnel were killed. ...
                 

Kashmir issue will be solved by millennials: filmmaker Ashvin Kumar

3 hours ago  
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Director Ashvin Kumar, whose latest film "No Fathers in Kashmir" is a teen romance set in the Valley, believes the Kashmir dispute can only be solved by the educated and employed "young people of today" because they don't carry the "burden of prejudice". The two-time National Award winning filmmaker believes the February 14 terror attack in Pulwama that claimed the lives of 40 CRPF soldiers reflects the fragility of conflict. "The Kashmir issue will be solved by the young people of today, the millennials, who have gone to schools and colleges and are in jobs, they are in their 20s or 30s because these people are not carrying the trauma of Partition nor are they carrying the burden or prejudice of their parents and grandparents generation," Kumar told reporters. The director, who has earlier made the documentary "Inshallah, Football" and the Oscar nominated short film "Little Terrorist", is looking forward to the release of his next project which shows regular life in the conflict .....
                 

Boney Kapoor to remake 'Badhaai Ho' in South

3 hours ago  
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Producer Boney Kapoor has acquired the rights of 2018's surprise hit "Badhaai Ho" and will be remaking the film in all the south Indian languages. Directed by Amit Sharma, "Badhaai Ho" featured Surekha Sikri, Neena Gupta, Gajraj Rao, Ayushmann Khurrana and Sanya Malhotra. "I have acquired the rights to all the South languages. It's a film that resonates with both the masses and classes so I was keen on on remaking it. The Hindi version has done extremely well in the heartland, in fact, across the country and I am confident the reception down South will be as overwhelming. "I am yet to decide whether the Tamil or the Telugu version go on the floors first as it's work in progress," Kapoor said in a statement. Produced by Junglee pictures and Chrome pictures, the film had a dream run at the box office earning over 200 crores worldwide...
                 

Tea Board expects prices to firm up in 2019

3 hours ago  
Business / Business Standard/ General News  
The Tea Board is expecting better prices in 2019 on the back of strong fundamentals, a senior official said on Tuesday. The official also said the board would focus on quality and compliance with new Food Safety and Standards Authority of India (FSSAI) norms. S Soundararajan, Director of Tea Promotion, Tea Board, said that production in 2018 was 1,350 million kg. "We expect the figure to be similar in 2019. Domestic consumption is also growing at 2.2 per cent year-on-year," he told PTI. As the fundamentals are good, prices are likely to firm up this year, he said. "Prices should go up. We had stopped plucking in many states during December to February, which has led to a production shortfall of 25 million kg," Soundararajan said. This, he said, would likely have a positive impact on the prices. He, however, said prices did not go up as expected last year. Regarding e-auction, the official said a professor of IIM-Bangalore has been mandated to conduct a study on it. "The ....
                 

ASI kills wife, shoots self in Jalandhar

3 hours ago  
Business / Business Standard/ General News  
                 

Workload management: Rohit, Zaheer tell players to 'listen' to their bodies

3 hours ago  
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Offering an advice to the World Cup-bound India players living out of their suitcase for months, opener Rohit Sharma and former pace spearhead Zaheer Khan Tuesday said: "listen to your body". The suggestion came amid a debate around the workload management of players, now gearing up for a gruelling Indian Premier League, which will end barely days before the ICC showpiece begins in the United Kingdom on May 30. "It's going to be challenging as always. We have been on the road for last three or four years. We have played a lot of back to back cricket. It depends on individuals. You should always listen to your body," Rohit said. Rohit is leading the Mumbai Indians in the IPL with Zaheer being the team's Director of cricket operations. "Yes, the World Cup is our priority. The IPL is also one of the biggest tournaments in the world. That is our priority as well. Keeping everything in mind we would take a decision collectively (on workload factor) on each individual," the swashbuckling ....
                 

Rahul questions Modi's patriotism, asks why he keeps silent on

3 hours ago  
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With fervent nationalism becoming the flavour of the election season, Congress chief Rahul Gandhi Tuesday questioned Prime Minister Narendra Modi's patriotic credentials and accused him of not raising the issue of India's "territorial integrity" during his meetings with Chinese leader Xi Jinping. The Congress leader claimed the prime minister "did not utter a word" on the boundary question when he hosted President Xi in his home state Gujarat a few years ago. "During Xi Jinping's meeting with Modi in India, the prime minister was seen sitting with him over a cup of tea without uttering a single word on the boundary dispute. Even during his (Modi) visit to China he never took up the Doklam issue," Gandhi told an election rally in the Arunachal Pradesh capital. India and China are locked in a protracted dispute over Arunachal Pradesh, often resulting in incursions by their respective armies into each other's territory. In June 2017, a military standoff occurred between .....
                 

SpiceJet becomes first Indian low-cost airline to join IATA

3 hours ago  
Business / Business Standard/ General News  
SpiceJet has joined global airlines' grouping IATA as a member, becoming the first Indian low-cost carrier to get the membership. The International Air Transport Association (IATA) represents more than 290 airlines, including Air India, Jet Airways and Vistara. The membership would help SpiceJet, which has ambitious expansion plans, to have codeshares and agreements with other carriers, the domestic airline said in a statement Tuesday. SpiceJet has become the first Indian low-cost carrier to join the IATA as a member, it added. "We are delighted to welcome SpiceJet as part of the 290 airlines in the IATA family. SpiceJet is the first Indian low-cost carrier to be an IATA member, and our fifth member in India," IATA Regional Vice-President for Asia Pacific Conrad Clifford said. According to the statement, the IATA membership is significant on account of SpiceJet's plans for rapidly expanding its international footprint. The membership allows the airline to "explore and grow its .....
                 

KITCO bags PMC contract from AAI for Imphal airport terminal

4 hours ago  
Business / Business Standard/ General News  
KITCO, a leading multi-disciplinary consultancy organisation, has bagged the project management consultancy (PMC) contract from AAI for setting up a Rs 600 crore new integrated terminal building at the Imphal International Airport in Manipur. KITCO, set up in 1972 by the IDBI Bank and national level financial institutions jointly with Kerala Government, was offering a wide range of consultancy services from 'Concept to Commissioning', a release from the organisation said here Tuesday. This is the second PMC contract received from the Airports Authority of India (AAI) after the Mangaluru airport expansion project, currently in progress. It said both the projects were awarded through competitive bidding. The Imphal project taken up by KITCO on concept-to-commissioning basis envisages among others construction of the new integrated terminal building conforming to GRIHA 4 Star Rating, apron link and taxiway, new control tower, parking bays for A321/B737-800/Q400 type of .....
                 

Custodial interrogation of Robert Vadra needed as he is not cooperating: ED tells court

4 hours ago  
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The Enforcement Directorate on Tuesday sought the custodial interrogation of UPA chairperson Sonia Gandhi's son-in-law Robert Vadra, alleging before a special CBI court here that he is "not cooperating" in the probe into a money laundering case."Robert Vadra is not cooperating despite several opportunities and his custodial interrogation is required," the ED submitted in the court of Special Judge Arvind Kumar.The court was hearing Vadra's petition seeking anticipatory bail in the case.After the arguments, the judge posted the matter for further hearing to March 25 while extending till then Vadra's interim bail with a direction that he has to cooperate with the agency.During the proceedings, the ED said that co-accused and Vadra's close associate Manoj Arora has evaded the process of law in the case which is based on "an independent set of transactions" initiated to commit the alleged offence,"It is unfortunate that the petitioner (Vadra) has got involved in political mudslinging. .....
                 

Bengali actor Ramen Roy Chowdhury dead

4 hours ago  
Business / Business Standard/ General News  
Bengali actor Ramen Roy Chowdhury, who had acted in memorable films such as 'Sobuj Dwiper Raja' and 'Banchharamer Bagan', died here on Tuesday. Roy Chowdhury, who was suffering from cancer and kidney ailments, died at his residence at 5 am at the age of 74, his family said. He had been discharged from hospital a few days back. Roy Chowdhury, who was a popular actor in both television serials and films, left behind his son and daughter. He had worked with directors like Goutam Ghose and Tapan Sinha and known for his realistic portrayals. Besides Tapan Sinha directed 'Sobuj Dwiper Raja' (1979) and 'Banchharamer Bagan' (1980), Roy Chowdhury acted in 'Abar Aranye' (2003) directed by Goutam Ghose. Roy Chowdhury was also known as a theatre actor and a familiar face in 'jatra' - folk theatre of West Bengal. Roy Chowdhury's death, a day after the demise of Chinmoy Roy, cast a pall of gloom in Tollygunje film industry...
                 

GST Council approves transition plan for new tax rate for housing sector

4 hours ago  
Business / Business Standard/ General News  
In a move to aid the real estate sector, the all-powerful GST Council Tuesday approved a transition plan for the implementation of new tax structure for housing projects. As per the decision taken by the GST Council, the developers of residential projects which are incomplete as on March 31, will have option either to choose the old structure with Input Tax Credit (ITC) or to shift to new 5 per cent and 1 per cent rates without ITC. In the previous meeting on February 24, the Council slashed tax rates for under-construction flats to 5 per cent from 12 per cent and affordable homes to 1 per cent from 8 per cent, effective April 1. "GST Council today has approved transition plan for the new rate structure for real estate residential projects...from April 1, builders have to choose either of the options for which they will get time," Revenue Secretary A B Pandey told reporters after the 34th meeting of the GST Council here. Finance Minister Arun Jaitley chaired the meeting with state .....
                 

Modi slogans raised during Priyanka's visit to Vindhyavasini Temple

4 hours ago  
Business / Business Standard/ General News  
Chants of Modi, Modi were heard during Congress General Secretary for eastern Uttar Pradesh Priyanka Gandhi Vadra's visit to Mirzapur's Vindhyavasini Devi temple premises here on Tuesday.The crowd which was stopped on the stairs of the temple for the VVIP visit was seen chanting slogans of 'Har-Har Modi' followed by sloganeering against Priyanka. The Congress leader was inside the temple when slogans were being raised.During the visit to Goddess Vidhyawasini Temple, Priyanka Gandhi also met with her family priest in the temple courtyard and wrote a message in the visitor register.Earlier many members of the Gandhi family including former Prime Minister Indira Gandhi, have visited the holy shrine.After visiting the temple, Priyanka also offered prayers at the Dargah of Khwaja Janab Ismail Chisti.While Priyanka was coming out of the Dargah, she was also stopped by an individual who raised some complaints against the GST. Priyanka paused for a moment, heard the man and moved ahead .....
                 

Shivpal to challenge nephew Akshay in Firozabad

4 hours ago  
Business / Business Standard/ General News  
Pragatisheel Samajwadi Party (Lohia) chief Shivpal Yadav Tuesday announced his candidature from Firozabad Lok Sabha seat against his nephew Akshay Yadav, who is the sitting Samajwadi Party MP and party candidate this time as well. A list of PSP candidates announced for 31 seats, included Shivpal Yadav's name from Firozabad. The current MP from Firozabad is Akshay Yadav, son of Shivpal's estranged brother Ram Gopal Yadav, SP's Principal General Secretary. During the Yadav family feud in 2016, Ram Gopal had sided with Akhilesh Yadav. Shivpal, who is a sitting SP MLA from Jaswant Nagar seat in Etawah, is stated to have influence in Firozabad and the adjoining districts and is seen as a strong contender against nephew Akshay. The new party was floated by Shivpal last year after he quit the SP over not getting "due respect in the party". The formation of the new party just ahead of Lok Sabha elections was seen as an attempt to dent the vote share of the SP...
                 

On app meant for poll-related complaints, people upload selfies

4 hours ago  
Business / Business Standard/ General News  
People have been posting selfies and random pictures of trees, lamps and computer screens though an app meant for filing poll-related complaints, a senior official said Tuesday. The Election Commission had launched the citizens' vigil app, also known as 'cVIGIL', to report violation of the model code of conduct. Through the application, people can report any poll-related violation by sharing photos or videos. But in Punjab, about 60 per cent complaints received through the app were frivolous, the official said. The office of Punjab's chief electoral officer has so far received 204 complaints through 'cVIGIL', out of which 119 have been found frivolous, he said. "Among 119 complaints, we have received selfies and irrelevant photographs of computer screen keyboard, trees, lamps, blankets etc through the mobile application from people from different districts in Punjab," he said. However, the office of Punjab CEO found 85 complaints genuine. "Most of these complaints were related to .....
                 

Mizoram CM presents Rs 3,588 crore vote on account

4 hours ago  
Business / Business Standard/ General News  
Mizoram Chief Minister Zoramthanga Tuesday presented vote on account for the first four months commencing from April amounting to Rs 3,588.85 crore in the state Assembly. Presenting the vote on account, Zoramthanga, who also holds charge of the Finance portfolio said, "I am deeply conscious of the inconvenience to present a regular budget due to the enforcement of model code of conduct for the coming general election." He said that Mizoram was witnessing significant progress in terms of economic and social progress with the GSDP projected to be at Rs 22,238.92 at current price at a growth rate of 12.5 per cent which is estimated at the same growth rate from 2017-18 to 2018-19. "The projected growth rate is considered remarkable as compared to the national growth rate of 7.3 per cent," he said. Zoramthanga also presented Supplementary Demands for grants for the current financial year amounting to Rs 2,926.55 crore and also sought regularisation of excess expenditure of ...
                 

India hasn't forgotten, will not forget Pulwama terror attack: NSA Doval

4 hours ago  
Business / Business Standard/ General News  
India has neither forgotten nor will forget the Pulwama terror attack and the country's leadership is "capable and courageous" to mete out effective responses to such acts, NSA Ajit Doval said Tuesday. Speaking for the first time about the attack in which 40 CRPF personnel were killed on February 14 in Jammu and Kashmir, the national security advisor (NSA) asked the paramilitary force to "constantly" enhance their professionalism, training, physical capabilities and quick response skills. "What should we do? What should be our way, our aim and our response and time to respond? The country's leadership is both capable and courageous to (do) that," Doval said. "The country will tackle all such challenges and we have the courage to do this," he said while addressing Central Reserve Police Force (CRPF) personnel on the paramilitary force's 80th raising day celebrations at its group centre here. Doval began his 16-minute speech by paying tributes to the 40 personnel who were killed when a ...
                 

Further attrition of Jet Airways' flights likely in coming weeks: DGCA

4 hours ago  
Business / Business Standard/ General News  
Aviation watchdog DGCA said Tuesday 41 Jet Airways flights are currently available for operation and there may be "further attrition" of flights "in coming weeks" as it observed the situation as "dynamic". As per the Jet Airways' website, it has a fleet of 119 aircraft in total. For the past few weeks, passengers have been venting their ire on social media as the airline's flight cancellations have increased gradually due to the rising number of grounded aircraft. Grappling with financial woes, the carrier has been looking at ways to raise fresh funds. DGCA spokesperson said Tuesday,"The DGCA reviewed the performance of Jet Airways on operational, airworthiness & passenger facilitation today. Current availability of aircraft in the fleet for operation is 41 and accordingly scheduled for 603 domestic flights and 382 international flights has been drawn. However, it is a dynamic situation and there may be further attrition in coming weeks." The spokesperson added that the DGCA has ....
                 

Toing and froing on alliance: AAP says no, Cong weighing options

4 hours ago  
Business / Business Standard/ General News  
The back and forth over an AAP-Congress alliance in the national capital continued Tuesday, with the city's ruling party saying it would fight the Lok Sabha polls alone, while the Opposition said it was mulling options for forging a partnership. AAP's national convenor Gopal Rai told reporters there would be no alliance with the Congress and that his party would contest the polls on the slogan of 'Poorna Rajya Banao Jhadu ka Button Dabao', essentially telling people the national capital will get full statehood if they vote for the AAP. However, Congress sources said they are in talks with AAP and senior members within the party and trying to convince Delhi Congress unit for an alliance with the Arvind Kejriwal-led party. AICC general secretary in-charge of Delhi Congress PC Chacko said, "I am in consultation with Congress party leaders in Delhi on the possibilities of forging an alliance with AAP. "The Congress Working Committee has decided to align with like-minded parties across the..
                 

CM takes dig at Pawar over his remarks on post-Pulwama action

4 hours ago  
Business / Business Standard/ General News  
Maharashtra Chief Minister Devendra Fadnavis Tuesday accused Sharad Pawar of creating "confusion" over Balakot air strike issue, two days after the NCP chief said he had asked the government to give a free hand to armed forces to destroy terror camps post Pulwama attack. Indian Air Force (IAF) had conducted air strikes on a terror camp in Balakot in Pakistan on February 26, thirteen days after 40 CRPF jawans were killed in a suicide bomber attack in Jammu and Kashmir's Pulwama. Addressing NCP workers in Pune district Sunday, Pawar had said that by virtue of being a former defence minister he had suggested the government to give "all powers" to armed forces to destroy terror camps, in an all-party meeting held in Delhi on February 15. Pawar had also accused Prime Minister Narendra Modi of politicising the Pulwama terror attack. Speaking to reporters after inaugurating the media centre at the BJP state headquarters here, Fadnavis said Pawar himself is in a confused .....
                 

Modi to interact with people from 500 places in 'Mani Bhi Chowkidar' campaign

4 hours ago  
Business / Business Standard/ General News  
Intensifying his 'Main Bhi Chowkidar' (I too am a watchman) campaign, Prime Minister Narendra Modi on March 31 will interact with people, who have pledged their support to the campaign, from 500 places across the country. Speaking at a press conference here, senior BJP leader and Union Minister Ravi Shankar Prasad said the campaign has become a "people's movement" as the 'Main Bhi Chowkidar' hashtag has been tweeted 20 lakh times and had 1680 crore impressions. On Saturday, Modi on Twitter had urged his supporters to take the 'main bhai chowkidar' pledge, saying he is not alone in the fight against graft and social evils. BJP leaders, including its president Amit Shah and Union ministers, followed suit and later prefixed their name on the microblogging site with 'chowkidar' as they sought people's support for the party in the Lok Sabha polls. Prasad said Modi will interact with people from different walks of life, including BJP leaders and allies, professionals and farmers, from some ...
                 

SP-BSP announce alliance for 48 Maharashtra Lok Sabha seats

5 hours ago  
Business / Business Standard/ General News  
The Samajwadi Party and Bahujan Samaj Party Tuesday announced they would contest all 48 Lok Sabha seats in Maharashtra in alliance. Announcing the alliance, SP MLA Abu Asim Azmi said the two parties together represent about "85-90 per cent" of the society and provided a third front for people let down by the BJP and Congress. "Secularism is about to end in the country. Those who call themselves chowkidars can go to any length, and peddle lies, to cling on to power," he alleged. He claimed only the SP-BSP alliance was strong enough to stop the BJP from winning over 5-7 seats in Maharashtra. Attacking the Congress, Azmi said the main opposition party had made Muslims, Dalits and the backward classes "helpless", as there was no third alternative available for people. "However, after our decision to contest all 48 seats, a third front will be available. We represent 85-90 per cent of society," he claimed. Azmi said discussions on the seat-sharing formula was yet to begin .....
                 

Delhi High Court upheld Parsvnath's Rs 1,034 cr claim in RLDA case

5 hours ago  
Business / Business Standard/ General News  
Realty firm Parsvnath Ltd Tuesday said the Delhi High Court has upheld its claim of Rs 1,034 crore in a dispute with Rail Land Development Authority related to a project in the national capital. In February 2016, Parsvnath Developers had terminated its development agreement with RLDA due to a title dispute related to a 38-acre land stretch that the company had bought for Rs 1,651 crore. Parsvnath Rail Land Project Pvt Ltd (PRLPPL), a special purpose vehicle (SPV) created to develop this project, had gone into the arbitration process to settle the issue. In a regulatory filing, Parsvnath Tuesday informed that the division bench of the Delhi High Court dismissed the plea of RLDA, which had challenged a single judge order that upheld arbitral award of Rs 1,034 crore. "We have perused all the submissions and findings of the court and find no infirmity in the decision of the learned Single Judge. Accordingly, the appeal stands dismissed," the division bench said in its recent judgement .....
                 

ED attaches 13 assets in J-K in terror funding probe against Salahuddin

5 hours ago  
Business / Business Standard/ General News  
The Enforcement Directorate Tuesday said it has attached 13 assets located in Jammu and Kashmir in a terror financing case against Pakistan-based terrorist Syed Salahuddin, the chief of the globally banned outfit Hizbul Mujahideen. The central probe agency issued a provisional order under the Prevention of Money Laundering Act (PMLA) to attach the properties worth Rs 1.22 crore, which it said belonged to one Mohammad Shafi Shah, a resident of Bandipora, and six other residents of the state who allegedly worked for the terror outfit. The ED said it filed a criminal case of money laundering in this instance after taking cognisance of a charge sheet filed against Salahuddin, Shah and others under the Unlawful Activities Prevention Action (UAPA). "Hizb-ul-Mujahideen, the most active terror outfit in Kashmir, has been responsible for funding terrorist and secessionist activities in Jammu and Kashmir. Headed by Syed Salahuddin, its self-styled commander based out of Rawalpindi in Pakistan, ...
                 

School teacher, arrested in terror case, dies in custody in JK

5 hours ago  
Business / Business Standard/ General News  
A 28-year-old school teacher, who was arrested in connection with a terror case, died in police custody here, triggering protests at his town in Jammu and Kashmir's Pulwama district on Tuesday, police said. The state government has order a magisterial inquiry to ascertain the cause and circumstances that led to Rizwan Pandit's death, they said. Pandit a resident of Awantipora in Jammu and Kashmir's Pulwama district, died during the intervening night of Monday and Tuesday, a senior police officer said. He was a teacher at a private school and was picked up by security agencies three days ago in connection with a terror case, the officer said. The civil administration, following a request by the police department, has ordered a magisterial inquiry under Section 176 of the Code of Criminal Procedure (CrPC) to ascertain the cause and circumstances leading to Pandit's death, the officer said. The CrPC section pertains to inquiry by a magistrate into cause of death, including when any .....
                 

Guj refuses sanction to prosecute ex cops in Ishrat case: CBI

5 hours ago  
Business / Business Standard/ General News  
The Gujarat government has declined sanction to prosecute retired police officers D G Vanzara and N K Amin in the alleged fake encounter case of Ishrat Jahan and three others, the Central Bureau of Investigation told a special CBIcourt on Tuesday. The government's decision may pave the way for the controversial case against Vanzara and Amin to be dropped. After going through a letter submitted to the court by CBI lawyer R C Kodekar, Judge J K Pandya said the sanction to prosecute the two former officers, who were accused in the case, under Section 197 of the Criminal Procedure Code (CrPC), was declined by the state government. The defence lawyers then sought permission to file an application to drop the proceedings against Vanzara and Amin. The court granted the request and asked them to file an application on March 26. It will now be up to the CBI to decide whether to proceed with the case against the two without the government sanction. As per CrPC Section 197, prior .....
                 

Jorge Costa to coach Mumbai City FC next season too

5 hours ago  
Business / Business Standard/ General News  
After a near miraculous fightback that saw Mumbai City FC glide into the semi-finals, experienced Portuguese international Jorge Costa Tuesday extended his stay at the club, vowing to win the elusive trophy for the club. As of now, he will nurture and helm the side for one more season, with an eye firmly on the finals of the Hero Indian Super League and eventually the title. In his first season at MCFC, Costa brought to the fore a strong and effective counter-attacking brand of football. It helped the club achieve some stunning milestones during their impressive run, including a club-record 9 game unbeaten stint. Literally from the bottom of the table, they rose to the Number Two position before making it to the semi-finals for only the second time in the club's history. In the knockout clash, they shared victories with FC Goa but lost out on a place in the title-clash on goal difference. The 46-year old was delighted to work with the club, saying that he didn't have to think twice' ....
                 

Not playing is not the solution: Ganguly on workload management

5 hours ago  
Business / Business Standard/ General News  
"Not playing is not the solution," former Indian skipper Sourav Ganguly stated Tuesday amid concerns around players' workload with the World Cup starting only a few days after the IPL. There has been a lot of discussion on how the World Cup-bound players need to effectively manage their workload during a demanding tournament like the Indian Premier League. The IPL ends on May 12, while the World Cup starts in England from May 30. "Yes, there is a lot of cricket but you just play. How many cricketers get to play 15-16 years of international cricket? I don't think anyone should worry about being fatigued, being tired. Just find a way to get fresh," Ganguly said during an event organised by IPL franchise Delhi Capitals. Ganguly was recently appointed advisor of the rechristened Delhi Capitals. Ganguly said skipping matches is not the way to go. "... Because I have always said there is limited time to play this sport. Getting opportunities at the international level, at the IPL level, .....
                 

Services on Hyderabad Metro Corridor-III to begin tomorrow

5 hours ago  
Business / Business Standard/ General News  
: The Metrorail link to Hi-Tec City,the IT hub of Hyderabad is all set for launch on March 20 with Governor of Andhra Pradesh and Telangana ESL Narasimhan flagging off the train operations. The eagerly awaited 10 km stretch (Ameerpet to Hi-Tec City) of Metro Rail Corridor-III will be launched by the Governor at 9.15 am at Ameerpet Metro station, Hyderabad Metro Rail Limited (HMRL) officials said. Meanwhile, the Telangana Pradesh Congress Committee (TPCC) has complained to Telangana Chief Electoral Officer Rajat Kumar that the launch of Metro services amounts to violation of the model code of conduct in place for the Lok Sabha elections. The 10 km stretch with nine stations (including Ameerpet) will establish the crucial Metro Rail connectivity to the highly congested IT/ITES service areas of Hi-Tec City, Madhapur, Gachibowli,Jubilee Hills,etc, HMRL officials said. Regular train operations in this stretch will start from 4 p.m. Prime Minister Narendra Modi had inaugurated..
                 

RS Prasad tears into Oppn parties for criticizing 'Main Bhi Chowkidar' campaign

5 hours ago  
Business / Business Standard/ General News  
Union Minister Ravi Shankar Prasad on Tuesday slammed Congress for criticising BJP's "Main Bhi Chowkidar" campaign, saying, "Those who are on bail or have a lot to hide are opposing it".The statement from the Union Minister came a day after Rahul Gandhi-led Congress downplayed BJP's campaign.Further taking a dig at Congress, Prasad while addressing a press conference in New Delhi, said, "Some people are saying that watchman is for rich people. They are the same people who have looted crores from the poor."Priyanka Gandhi Vadra yesterday while commenting on 'chowkidar' campaign of the BJP had said, "It is their choice what they want to add to their name. When I met potato farmers in western UP, one of them told me, 'the rich have chowkidar, the farmers are their own chowkidar'."Prasad further claimed, "BJP's MainBhiChowkidar campaign has turned into a mass revolution on social media with 1680 crore impressions and 20 lakh tweets."In his concluding remark, the Union Minister informed .....
                 

Goldman Sachs bullish on Indian equities; Nifty target at 12,500 in 12 months

5 hours ago  
Business / Business Standard/ General News  
Global brokerage firm Goldman Sachs expects a pre-election rally in Indian equities and forecasts the wide-based Nifty to reach 12,500 in the next 12 months, amid rising market expectations of a potentially stable government. Goldman Sachs had lowered India to "marketweight" in September on macroeconomic, earnings, rich valuations and political risks. Saying that over the past month, the Nifty has rallied 8 per cent and recovered 65 per cent of its year-to-date under-performance as against the region. "We think risk/reward on India looks favourable again," the brokerage firm said. Parliamentary elections have historically been an important domestic catalyst for the market given their bearing on policy choices and the progress of structural reforms. "We raise it back to overweight (OW) given sharp under-performance in January/ February, better third quarter earnings and a pick-up in FII (foreign institutional investor) positioning from lows amid rising market expectations of a .....
                 

PowerGrid says fully utilised JPY 22 billion loan from SMBC

6 hours ago  
Business / Business Standard/ General News  
State-run utility Power Grid Corporation Tuesday said it has fully drawn a 22 billion Japanese Yen (JPY) loan and utilised it to finance capital expenditure for its ongoing and new projects. "Power Grid has fully drawn the loan and utilised the proceeds toward part financing of its capital expenditure for its ongoing and new projects," a company statement said. According to the statement, Power Grid had entered into a JPY 22-billion syndicated term loan facility agreement with Sumitomo Mitsui Banking Corporation's (SMBC) Singapore branch on December 10, 2018. The facility has door-to-door maturity of 12 years and is on floating rate interest basis linked to JPYLIBOR. SMBC, Aozora Asia Pacific Finance Ltd (Aozora) and The Bank of Yokohama committed JPY 15.5 billion, JPY 3.5 billion and JPY 3 billion, respectively, as part of the syndication. The company said the closing syndication agreement for the loan facility was signed on March 15 at its corporate office in Gurugram...
                 

Ponting backs Rishabh to bat at No.4, Ganguly terms him 'huge asset'

6 hours ago  
Business / Business Standard/ General News  
Ricky Ponting Tuesday unequivocally backed Rishabh Pant for the number four slot in India's World Cup line-up and even saw him as one capable of winning the tournament. Former India skipper Sourav Ganguly marked the young wicketkeeper-batsman as one for the future, calling him a "huge asset". With little over two months to go for the World Cup and the number four batsman yet to be decided, it could now boil down to performance in the Indian Premier League, according to Ganguly. But Ponting, a two-time World Cup winning Australian captain, left nothing to doubt when discussions turned to Pant. "The first thing I would do is pick him in that Indian squad for the World Cup, I would play him as a batter, I would play him at number four. He is the sort of guy, with that kind of talent, he can win you a World Cup, he has just got that x-factor," Ponting said. Ganguly added, "Anybody who wants to succeed in shorter formats of the game he has to go up, we have seen the best in world do that. ...
                 

2014 govt was of BJP, next government will be of NDA: Raut

6 hours ago  
Business / Business Standard/ General News  
Indicating the BJP may fall short of simple majority and have to cede space for its allies, senior Shiv Sena leader Sanjay Raut Tuesday said while the government formed in 2014 was of the BJP, the next one will be of the NDA. Speaking at an event organised by BBC News Marathi here, the Rajya Sabha MP said he had predicted a change in the political situation prevailing in 2014, when the BJP came to power with a simple majority, and of 2019, when members of the 17th Lok Sabha will be elected in the next two months. Raut said the BJP might win around 210 seats in polls, scheduled to be held in seven phases beginning April 11. He also said the National Democratic Alliance (NDA) would get around 300 seats. Sena is the oldest constituent of the BJP-led bloc. Raut also said that as of now there was no alternative in sight to Prime Minister Narendra Modi within the BJP, but also added that other NDA constituents may have a say about who should be the next prime minister, should ....
                 

Social media could play decisive role in LS polls: IT expert

6 hours ago  
Business / Business Standard/ General News  
Technology would occupy centre-stage for the first time in India's general elections, says an IT expert, who believes social media could well play a decisive role in sealing electoral outcomes in many constituencies in the coming Lok Sabha polls. In earlier elections, technology was incidental and used by some people with other traditional means but that's no longer the case now, says former Telecom Secretary and former President of NASSCOM, R Chandrasekhar. "But in this (coming Lok Sabha) election, technology would be central in the process -- whether it's social media, analytics, strategy, in all of these areas, technology has now come to occupy centre stage," he told PTI. "And it has completely changed both rules of the game and whole dynamics of the electoral process", Chandrasekhar, also former Secretary in the Department of Information Technology, said. He noted that younger generation is heavy user of social media, and the elections would also see participation ....
                 

Cong fields state unit chief to boost prospects in LS polls

6 hours ago  
Business / Business Standard/ General News  
Seeking to put up a keen fight in the Lok Sabha polls in Telangana after a disastrous show in the assembly elections in December last year, Congress has fielded its state unit chief N Uttam Kumar Reddy to boost the morale of its cadres and prospects. Reddy, sitting MLA from Huzurnagar, would be the party candidate from Nalgonda, according to the second list of candidates announced by Congress late on Monday night. Though he was initially said to be reluctant to contest, his candidature is, however, expected to boost the morale of partymen. The list also includes former MP Madhu Yashki Goud, who will take on TRS president Chief Minister K Chandrasekhar Rao's daughter and sitting MP Kavitha in Nizamabad. Firoz Khan, who unsuccessfully contested in the Assembly elections, would take on AIMIM president Asaduddin Owaisi. Speculation had been rife that cricketer-turned-politician Mohammad Azharuddin would be fielded from Hyderabad to take on Owaisi. Former MP M Anjan Kumar .....
                 

Congress will restore special category status to Arunachal and other NE states: Rahul

6 hours ago  
Business / Business Standard/ General News  
Congress chief Rahul Gandhi said Tuesday his party will restore the special category status to Arunachal Pradesh and other states in the northeast if elected to power. There are some states in the country which require special status because of their "unique problems and difficulties" such as connectivity, terrain, infrastructure, Gandhi said at an election rally here. During the Congress rule at the Centre, he said, Arunachal Pradesh and other NE states used to enjoy special category status. Arunachal Pradesh has a special place in the heart of the Congress party and "we would like to have a 'dil ka rishta' with the people of the state", he said. Gandhi said the Congress will not allow the Citizenship (Amendment) Bill to be passed in Rajya Sabha because the bill is "detrimental" to the people of the northeast. "We will not allow the suppression of the people of northeast," Gandhi said. The Congress party will never attack the language, culture, customs and tradition of Arunachal .....
                 

India may not have elections if Modi re-elected, may go China way: Ashok Gehlot

7 hours ago  
Business / Business Standard/ General News  
India may not see another election if Narendra Modi is re-elected as prime minister, Rajasthan Chief Minister and senior Congress leader Ashok Gehlot has claimed, suggesting that the country may go the way of China and Russia. Gehlot also said both democracy and the country were in danger under Modi, who he said would do anything to get back to power. People felt he could even go to war with Pakistan to achieve this goal, the Congress leader said. Dubbing Modi a good actor, Gehlot said he could do much better in Bollywood and would have left his indelible mark in acting. He also alleged that he was a "master in marketing false promises". "If people re-elect Modi, then there is no surety on whether elections will be held in the country or not. 'Chunav honge bhi, aur nahin bhi honge...jaise China, Russia mein hota hai' (Elections will be held in the country and yet not be held, like what happens in China, Russia)," Gehlot said during an interaction with PTI. He was suggesting that polls..
                 

Jet Airways: Prabhu asks aviation secy to hold emergency meet

7 hours ago  
Business / Business Standard/ General News  
Aviation Minister Suresh Prabhu on Tuesday directed his ministry's secretary to hold an emergency meeting on the debt-ridden Jet Airways massively cancelling flights after grounding of a large part of its fleet. The minister's direction came in the wake of the airliner drastically reducing its operations due to liquidity crunch. "Directed Secretary, @MOCA GOI to hold an emergency meeting on grounding of flights by Jet Airways, advance bookings, cancellations, refunds and safety issues, if any," Prabhu said in a tweet. "Asked him (civil aviation secretary) to get a report on Jet compliance issues immediately from DGCA," he added. Earlier Monday, Jet Airways engineers' body wrote to aviation regulator DGCA, seeking its intervention in the recovery of their salary dues, saying non-payment was affecting their psychological condition which, in turn, was a "risk" to the airline's flight operations. On Monday afternoon, the DGCA had sent an e-mail to airlines asking them to send their .....
                 

Mayawati gets facial daily, colours hair to look young at 60: BJP MLA

7 hours ago  
Business / Business Standard/ General News  
Passing a misogynistic remark against the BSP supremo Mayawati, BJP MLA Surendra Narayan Singh on Tuesday said that the former chief minister is a hedonist who 'takes facial everyday' and 'colours her hair" to look young."She takes facial every day. The person who herself takes facial daily is telling our leader that he is 'shaukeen'. Wearing clothes is not being 'shaukeen'. Colouring hair at the age of 60 to look young is 'shaukeen'. Her hair have turned grey but she colours it black," said Singh who represents the Rohaniya constituency of Uttar Pradesh.The MLA's comment came following Mayawati's tweet in which she targeted Prime Minister Narendra Modi alleging that he lives a 'royal' life."The person who lives life in a royal manner, against the principle of simple living and high thinking, advertised himself as a 'chaiwallah' in the last Lok Sabha elections for the sake of the vote. Now he is declaring himself as chowkidar with pomp and show for votes in the elections. The country ...
                 

Jet Airways shares plunge 5%

7 hours ago  
Business / Business Standard/ General News  
Shares of debt-ridden Jet Airways fell by five per cent Tuesday amid massive cancellation of flights by the airline due to grounding of a large part of its fleet. The shares of the company plunged 5 per cent to Rs 225.10 on the BSE. On the NSE, shares declined 4.77 per cent to Rs 225.45. Civil Aviation Minister Suresh Prabhu on Tuesday directed his ministry's secretary to hold an emergency meeting on Jet Airways massively cancelling flights after grounding of a large part of its fleet. The minister's direction came in the wake of the airline drastically reducing its operations due to liquidity crunch. "Directed Secretary, @MOCA GOI to hold an emergency meeting on grounding of flights by Jet Airways, advance bookings, cancellations, refunds and safety issues, if any," Prabhu said in a tweet. Meanwhile, Jet Airways aircraft maintenance engineers' union wrote to aviation regulator Directorate General of Civil Aviation on Tuesday that three months of salary was overdue to them and flight ...
                 

Non-payment hitting hard, flight safety at risk: Jet Airways' engineers

7 hours ago  
Business / Business Standard/ General News  
Cash-starved Jet Airways on Tuesday alleged that non-payment of salaries had adversely affected its members' psychological condition, which puts the safety of the airline's flight operations at risk. In a communication to the Directorate General of Civil Aviation (DGCA), the Jet Airways Aircraft Maintenance Engineers' Association (JAMEWA) sought the aviation regulator's intervention in recovering the dues, saying the management's failure to keep its commitment of clearing their salary by March had "shaken" their faith in the company. Jet Airways has nearly 560 engineers to maintain its fleet of over 100 planes. The JAMEWA claims representing around 490 engineers. "As of now, three months' salary is overdue to us," the association said in an e-mail to the DGCA. "It has been arduous for us to meet our financial requirements, which has resulted in adversely affecting the psychological condition of engineers at work and therefore, safety of public transport aircraft being flown by Jet .....
                 

FIR against Union min Jayant Sinha for violation of model code of conduct

8 hours ago  
Business / Business Standard/ General News  
An FIR was registered against Union minister Jayant Sinha for allegedly violating the model code of conduct while addressing students at the convocation ceremony of a management institute here, police said Tuesday. Sinha is the Union Minister of State for Civil Aviation and a BJP MP from Hazaribagh constituency in Jharkhand. "As per the direction by the district administration, the FIR was filed against Jayant Sinha yesterday (Monday) under Section 188 (Disobedience to order duly promulgated by public servant) of the IPC and under Section 123 of the People's Representation (PR) Act at the Khelgaon police station in Ranchi," a police officer said. Addressing the students at IIM-Ranchi on Saturday, Sinha had allegedly sought their "blessings" for another five years, the officer said. All police stations have been asked to monitor violations pertaining to the model code of conduct, he said. The polling will be held for 14 Lok Sabha seats in Jharkhand in four phases from April 29...
                 

Sale deal in final stage of completion: Star Health

8 hours ago  
Business / Business Standard/ General News  
: Private sector insurer Star Health and Allied Insurance Company Ltd was in the final stage of completion of sale process and the transition was likely to happen in first quarter of the next financial year, a top official said. "A consortium has won the sale process and in April-May-June we look forward to transition happening," company Chief Operating Officer, Dr S Prakash said here. A consortium of WestBridge AIF, investor Rakesh Jhunjhunwala and Madison Capital signed definitive agreements with the shareholders of Star Health to purchase the shares of the insurer last year. In October 2018, the Competition Commission of India (CCI) approved 100 per cent acquisition of Star Health and Allied Insurance Company Ltd by Safecrop Holdings Pvt Ltd and others. In a brief interaction with PTI, here, recently, Prakash said, with the newer consortium coming on board the company was expecting to move from "good" to "great" in terms of business. "We are number one in retail .....
                 

Pakistan Army violates ceasefire for third consecutive day along LoC in J-K

8 hours ago  
Business / Business Standard/ General News  
The Pakistan Army violated ceasefire for the third consecutive day by shelling forward areas and posts along the LoC with mortar bombs in Jammu and Kashmir's Akhnoor and Sunderbani sectors Tuesday, officials said. Pakistani troops have violated ceasefire over 110 times along the Line of Control (LoC) this year. "There was continuous ceasefire violation as the Pakistani troops resorted to heavy firing and mortar shelling in Akhnoor sector in Jammu district Tuesday," the officials said. At 10.45 pm Monday, the Pakistan Army initiated unprovoked ceasefire violation by resorting to shelling with mortar bombs and firing of small arms along the LoC in Akhnoor and Sunderbani Sectors, a defence spokesman said. The Indian Army retaliated strongly and effectively, he said, adding that the firing continued till Tuesday morning. On Monday, an Army jawan was killed and four others were injured when the Pakistan Army violated ceasefire, resorting to heavy mortar shelling and firing along the LoC in..
                 

"Neutral" regional parties to get 120-plus seats: TRS leader

8 hours ago  
Business / Business Standard/ General News  
Regional parties not aligned with the Congress and BJP would get 120-plus seats in the coming Lok Sabha elections and may hold the key for government formation, according to a Telangana Rashtra Samithi leader. Speaking to PTI, Nizamabad MP, K Kavitha, daughter of the TRS President and Chief Minister K Chandrasekhar Rao, raised a strong pitch for these "neutral" regional parties to have a shot at power at the Centre. Kavitha, an influential party leader, said the TRS is in touch with various parties not part of the BJP-led NDA and Congress-anchored UPA on its efforts to forge a federal front of regional outfits. "Most of them are waiting and watching for the (Lok Sabha) results to come out but then taking up a neutral front is an idea which is appealing to many parties, not all of them have come out openly saying that," she said. A federal front would take good shape after the Lok Sabha election results are out, Kavitha said. All regional parties -- she named TRS, YSRCP, ....
                 

Mindtree to be run independently for now, says L&T

8 hours ago  
Business / Business Standard/ General News  
Engineering major L&T which mounted a hostile takeover of software firm Mindtree with Rs 10,733-crore bid on Monday ruled out merging it with its IT arm for the time being. L&T on Monday announced a hostile takeover bid involving a three-pronged acquisition of Mindtree, wherein it will pay Rs 980 a share for 20.3 per cent stake of V G Siddharth, buying 15 per cent from the public and mounting an open offer at Rs 980 a share later. Thus, it plans to acquire 67 per cent for a consideration of Rs 10,733 crore. "We have not thought about integrating Mindtree with us (L&T Infotech). For the time being, it will be run as an independent entity," L&T Managing Director and chief executive S N Subramanyan told reporters here on Tuesday. Describing the deal as meeting of two like-minded people, he said V G Siddharth whose 20.3 per cent stake the company has bought out at Rs 980 a share, had approached them three months back for buying him out. "It was a meeting of ....
                 

AIADMK promises national poverty eradication scheme

8 hours ago  
Business / Business Standard/ General News  
The AIADMK promised on Tuesday a slew of measures in its manifesto, including a national poverty eradication initiative that will be named after late chief minister J Jayalalithaa. Releasing the manifesto for the general election at a press conference here, AIADMK coordinator and Tamil Nadu Deputy Chief Minister O Panneerselvam said the party would "vigorously pursue" the Amma National Poverty Eradication Initiaitive (ANPEI). "Based on the experience already gained by the AIADMK government in this regard, a direct transfer of Rs 1,500 per month to the targeted population of the poor and the deprived (people below poverty line, destitute women, widows without income, differently-abled, landless agricultural labourers, rural and urban manual labourers, destitute senior citizens etc) should not be difficult to implement," the party said. Jayalalithaa is addressed as 'Amma' (mother) by supporters and the ruling AIADMK is already implementing a series of welfare measures under the Brand .....
                 

FSS Launches Secure3D; a Risk-Based Authentication Solution to Bolster Security For Digital Transactions

9 hours ago  
Business / Business Standard/ General News  
/ -- FSS (Financial Software and Systems), a global payments technology company, has launched FSS Secure3D, its new-generation adaptive authentication solution based on the EMVCo 3DS 2.0 protocol. Globally, across regions, banks need to implement 3DS2.0 between 2019 and 2020. FSS award-winning product is amongst the top 20 globally to be EMVCO 3DS 2.0 certified. With the growth of digital commerce, card not present fraud attacks have become more sophisticated. According to The Nilson Report, globally, losses from remote fraud could amount to US $44B by 2025. FSS Secure3D extends a frictionless approach to authenticate cardholders and to safeguard customers against fraud. The solution deploys advanced machine learning algorithms to learn customer transaction behavior to detect anomalous transactions and continually adjust risk controls in line with evolving fraud patterns. Issuers can use a combination of variables including merchant, cardholder, device, location and transaction .....
                 

BJP trying to turn LS polls into 'khaki election', says Shashi Tharoor

9 hours ago  
Business / Business Standard/ General News  
The Lok Sabha polls should be fought on perennial issues like poverty and disease and not on a tragedy of one moment, says Congress leader Shashi Tharoor while accusing the BJP-led government of trying to turn the 2019 vote into a khaki election after the Pulwama attack. The momentum was with the Congress when the Pulwama tragedy struck on February 14, killing 40 CRPF soldiers, Tharoor said, hitting out at the government for trying to make the upcoming Lok Sabha polls a "national security based election. "We were doing very well by all estimations and the momentum was with us when the Pulwama tragedy struck us. Thereafter, the government has tried to make this a khaki election, a national security-based election, Tharoor told PTI in an interview. They are trying to hype their nationalist message that they were trying to protect the nation at the time of danger which, to my mind and my party's view, has not been the principle challenge facing the country," said the former diplomat and ...
                 

DMK assures scrapping of NEET, quota in private sector

9 hours ago  
Business / Business Standard/ General News  
The DMK on Tuesday promised to do away with the National Eligibility-Cum-Entrance Test (NEET) for medical admissions and ushering in quota in the private sector in its manifesto for the Lok Sabha election. "The NEET for medical admissions will be scrapped," DMK chief M K Stalin said while unveiling the salient features of his party's manifesto. Opposition to NEET in Tamil Nadu from major political parties and students had taken emotive overtones in the past. Stalin said steps would be taken for implementing reservation in the private sector. The party also assured steps for waiver of all educational loans taken by students. Against the background of agitations by state government employees seeking reversion to the old pension scheme in place of the newly-introduced contributory scheme, the DMK chief said: "We will bring back the old pension scheme for both the central and state government employees." The DMK president said the party would revert to the administered-price .....
                 

Shah attacks Rahul for 'arrest' of techies for raising pro-Modi slogans

9 hours ago  
Business / Business Standard/ General News  
BJP president Amit Shah Tuesday targeted Congress chief Rahul Gandhi over the alleged arrest of some techies in Bengaluru for raising pro-Modi slogans, saying youngsters give direction to the future and he should "stop intimidating youth of India, which has rejected your brand of politics". "Hugs for 'Tukde Tukde' gang and arrest of peaceful youth raising pro-Modi slogans? Where are the champions of 'Free Speech'? Yuvraj (prince) of CONgress must know that time follows the course taken by youngsters. Stop intimidating youth of India, which has rejected your brand of politics," Shah tweeted. The BJP chief in his tweet tagged a post by his party's Karnataka unit which said the state police had arrested some techies for raising pro-Modi slogans at Manyata tech park in Bengaluru. Gandhi was to address a meeting at the venue. "This is the real face of democracy in a Cong-JD(S) ruled state. It's total dictatorship where freedom of choice & expression of citizens is suppressed," it had ....
                 

Alia Bhatt to star opposite Salman Khan in Bhansali's 'Inshallah'

9 hours ago  
Business / Business Standard/ General News  
Alia Bhatt is set to star as female lead opposite Salman Khan in filmmaker Sanjay Leela Bhansali's next, which is titled, "Inshallah", the makers announced Tuesday. The film be co-produced by Khan and Bhansali's production banners. Bhansali is re-teaming with Khan after two decades as a lead in the film, which is described as a "love story". Salman took to Twitter to share the news. "It's been 20 years but I am glad Sanjay and I are finally back in his next film, 'Inshallah'. Looking forward to work with Alia and inshallah we will all be blessed on this journey. #Inshallah #SLB @aliaa08 @bhansali_produc @SKFilmsOfficial," the actor wrote. Bhansali Productions also confirmed the announcement. "Finally all speculations and wait end as 2019 brings together #SLB, @BeingSalmanKhan and @aliaa08 in his next film, #Inshallah. Wishing that this entire journey be filled with a lot of love and Inshallah, the team is blessed with hope and faith @SKFilmsOfficial @prerna982," the tweet from their ....
                 

Alembic Pharma raises Rs 150 crore via NCDs

9 hours ago  
Business / Business Standard/ General News  
                 

Mindtree promoters vow to oppose hostile takeover bid by L&T; dub it "grave threat" to company

10 hours ago  
Business / Business Standard/ General News  
The promoters of IT company Mindtree have vowed that they would unconditionally oppose the attempted hostile takeover bid by Larsen and Toubro, and dubbed it a grave threat to the organisation. "A hostile takeover by Larsen and Toubro, unprecedented in our industry, could undo all of the progress we've made and immensely set our organisation back," the promoters said in a statement Tuesday. The attempted hostile takeover bid of Mindtree by Larsen & Toubro is a "grave threat" and "value destructive" to the organisation collectively built over 20 years, the promoters said pledging to "unconditionally oppose" the hostile takeover attempt. In the statement, the promoters -- Krishnakumar Natarajan (executive chairman), Subroto Bagchi (co-founder), Rostow Ravanan (CEO) and Parthasarathy N S (executive vice chairman and COO) -- went on to outline the move's potential "negative consequences to corporate culture, client relationships, employee retention". "We don't see any strategic .....
                 

Gold futures up 0.11% on positive global cues

10 hours ago  
Business / Business Standard/ General News  
                 

Woman clerk booked for Rs 6 lakh fraud at school in Maha

10 hours ago  
Business / Business Standard/ General News  
                 

Palestinian agency urges donors: Match 2018 funds in 2019

10 hours ago  
Business / Business Standard/ General News  
The head of the UN agency that helps 5.3 million Palestinian refugees has urged donors who filled a USD 446 million hole in its budget last year after the Trump administration drastically cut the US contribution to be equally generous this year. "Last year we had an extraordinary crisis and an out of the ordinary response," Pierre Krahenbuhl said in an interview with The Associated Press on Monday. "Our humble request to all the donors is: Please keep your funding levels at the same level as 2018." He said he has been thanking donors for their "exceptional" contributions that enabled the UN Relief and Works Agency to fund its entire 2018 budget of USD 1.2 billion. Krahenbuhl said the agency, known as UNRWA, also adopted a USD 1.2 billion budget for 2019, and this year it is getting nothing from the United States. Last year, the Trump administration gave USD 60 million, a dramatic reduction from the USD 360 million it provided in 2017, when the United States was the agency's largest .....
                 

Deal signed to host T10 league for five years in Abu Dhabi

10 hours ago  
Business / Business Standard/ General News  
The Zayed Cricket Stadium in Abu Dhabi will be the new home of T10 cricket for the next five years, starting with the 2019 season. Abu Dhabi Cricket (ADC), in partnership with Abu Dhabi Sports Council (ADSC) and the Department of Culture and Tourism Abu Dhabi (DCT Abu Dhabi), has signed a five-year agreement with the organizers of the T10 Cricket League. The shortest form of the game will now be played exclusively at Zayed Cricket Stadium. To announce the arrival of the new partnership, a T10 match was organised on the seafront of Abu Dhabi's iconic Corniche, with T10 aces Colin Ingram, Andre Fletcher and Luke Ronchi having a bat on the beach. Saif Saeed Ghobash, Undersecretary of DCT Abu Dhabi, said: "Our city is a major global hub with a huge variety of attractions that cater to people of all ages and backgrounds, and the T10 tournament's presence the city for the next five years represents an exciting opportunity to attract even more visitors from around the globe, especially .....