‘Business’ Articles
Written by admin on 12 December 2012
Bangalore, Dec 12 (IANS) Over 7,000 tickets for the first India-Pakistan T20 tie at Chinnaswamy stadium here Dec 25 will be sold online from Thursday, former Test cricketer and Karnataka State Cricket Stadium (KSCA) secretary Javagal Srinath said.
Maximum tickets for public – 7,187 – will be sold online at www.bookmyshow.com for stands across the stadium at different fares, while 5,500 tickets for gallery stands, priced at Rs.250, will be sold Dec 21 through counters at the stadium,” Srinath told reporters.
Online tickets are priced between Rs.1,600-15,000, with those for corporates priced at Rs.12,500 and executive lounges at Rs.6,000, and terrace seats at Rs.9,000.
Though the stadium in the city centre facing the famous Cubbon Park boasts of 35,533-seat capacity, only 12,687 seats are available to the general public, as the Karnataka State Cricket Association (KSCA) has to provide the remaining seats to various associations, clubs, boards and VIPs.
“Of the total seats, 2,800 are reserved for KSCA members, 3,600 for cricket clubs, 3,400 for other cricket associations, the Board of Control for Cricket in India (BCCI) and the Pakistan Cricket Board (PCB) 2,673, corporates 3,705, complimentary tickets 6,168 and the remaining for our staff and officials,” Srinath said.
Tickets for about 500 fans from Pakistan will be issued through the PCB.
Police will provide security. “As per the guidelines, the stadium will be handed over to the city police for sanitising and making fool-proof security arrangements…movement of fans will be regulated and restricted,” KSCA president and former ace leggie Anil Kumble said.
The match between the arch rivals will be played in the night from 7 p.m. onwards on Christmas day.
A four-member Pakistan official team visited Bangalore Dec 3 to inspect security and other arrangements being made for their team and their fans in the city.
About 500 Pakistani fans have been given visa to witness the two T20 matches and three one-dayers between the two countries. In addition, high profile persons, including former Pakistan players, will also be visiting India as PCB guests to watch the matches.
The second T20 will be played at Ahmedabad in Gujarat Dec 27 and the three one-dayers in Chennai Dec 30, Kolkata Jan 3 and New Delhi Jan 6.
Tags: Karnataka
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Written by admin on 12 December 2012
Kolkata, Dec 12 (IANS) Coal India Ltd. (CIL) Wednesday said it would appoint an independent international agency to check the quality following a long brawl with India’s major power producer NTPC over its coal quality and signing the fuel supply agreement (FSA).
“We will appoint a third party for sampling and quality check of coal for the first time. The agency will be an alternative for joint-sampling, which we currently do with all of our customers,” CIL chairman and managing director S. Narsing Rao told reporters after the coal major’s board meeting here.
“This will not just be the case with NTPC but with all customers. Within the next two-three months we will invite bids to appoint the international agency in this regard,” Rao said.
Power major NTPC had earlier repeatedly raised its concern over various quality issues and “inflated prices” of the coal behemoth.
After a long tussle with Coal India, NTPC, however, two days ago decided to enter into FSA with the firm within a month.
The public sector power utility’s move came irrespective of any major breakthrough in the company’s demand for a revision in FSA terms. However, Rao maintained Wednesday that as far as the FSA was concerned, there would be no change in the draft.
Although the Prime Minister’s Office had set a deadline for power producers and the public sector CIL to sign the FSA by November, only 33 companies have signed the accord till now.
Meanwhile, Rao said Coal India was awaiting a green signal from the central cabinet to allow it to extract coal-bed methane (CBM) gas from its leasehold mining areas.
“There are a series of discussions in the ministries to entrust it (extraction of CBM) to CIL and we would be doing it. The process requires approval from cabinet,” he said.
On the extraction of CBM gas, the new area of operation that the CIL may soon venture into, the CMD said it has already suggested to the central government that the company was not in favour of allowing other firms to extract the gas from its own leasehold mining areas,” Rao said.
“While the marketing aspect would be regulated by government policy, for extraction we have suggested that there would be no other bidder. CIL authorities are already doing mining within their leasehold areas and there are practical problems and issues of safety if somebody else comes in,” he added.
Tags: Kolkata, West Bengal
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Written by admin on 12 December 2012
Nagpur, Dec 12 (IANS) Lamenting that the first three days of the winter session of the Maharashtra legislature have been wasted in verbal fights, gheraos and adjournments over trivial matters, an activist here alleged that legislators are only enjoying parties in clubs and resorts.
“Many legislators were seen in parties thrown in the name of birthdays, anniversaries or facilitations. They are ignoring serious issues related to farmers. Even the opposition does not seem to be interested in taking up such issues,” said Kishore Tiwari, president of Vidarbha Jan Andolan Samiti (VJAS), a farm advocacy group.
The legislators have not worked at all and are busy enjoying parties at nearby clubs and resorts, he alleged.
Nagpur is the second capital of Maharashtra and monsoon and winter sessions of the state legislature are held here.
The winter session is held here so that core issues of Vidarbha can be discussed but all parties are making a mockery of the problems faced by farmers, he said.
“The matter of relief packages is being blown out of proportion to get media attention, but why is the assembly not discussing other important issues like food security and health and educational help to victims of agrarian crisis?” he asked.
Tiwari said that the Bt Cotton crop failure in more than four million hectares of land has reduced cotton yield from 3.5 million quintals to 2.2 million quintals.
“The report sent by the state agricultural department to the centre states that the estimate of the net direct economic loss to cotton farmers in the state will be nearly Rs.6,000 crore, whereas accumulated losses are likely to cross more than Rs.20,000 crore due to a steep rise in cultivation costs,” he pointed out.
Tiwari demanded a compensation of Rs.20,000 per hectare and fresh crop loans for every farmer for the ensuing agriculture season.
Tags: Madhya Pradesh, Nagpur
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Written by admin on 12 December 2012
New Delhi, Dec 12 (IANS) Zee Group chairman Subhash Chandra Wednesday told a Delhi court he was ready to undergo a lie-detector test while two journalists of his channel arrested for an alleged Rs.100-crore extortion bid refused to do so.
Sudhir Chaudhary, head of Zee News, and Samir Ahluwalia, head of Zee Business, both in judicial custody, were accused of demanding Rs.100 crore from the Jindal Group in the form of advertisements to the channel.
The journalists told Metropolitan Magistrate Gaurav Rao that they were opposed to the lie-detector test but open to giving samples for voice tests.
Chandra agreed to undergo the lie detector test subject to the procedure and techniques used by the investigating agency.
He said he was undergoing some treatment and before taking the lie detector test, he would need to consult his doctors abroad.
The court issued a warrant for the presence of the two accused journalists before it Thursday and also asked advocate Vijay Aggarwal, appearing for Chandra, to ensure his client attended the proceedings the same day.
“To secure presence of the accused persons before the disposal of their applications under consideration. Accordingly, issue production warrant for both accused (Sudhir and Samir) on Dec 13,” the court said.
“As far as Chandra is concerned, his counsel Vijay Aggarwal has informed this court that he is ready to undergo lie detector test subject to the techniques used by the investigative agency for the test. Nonetheless, I deem it fit to secure his (Chandra) presence on Dec 13,” the metropolitan magistrate said.
The journalists were arrested here Nov 27 on charges of attempting to extort Rs.100 crore from Congress MP Naveen Jindal’s company Jindal Power and Steel Ltd. (JPSL) in exchange for not filing news reports linking the firm to the irregular coal blocks allocation.
Police booked both the journalists under Sections 384 (extortion), 120(b) (criminal conspiracy) and 511 (punishment for attempting to commit offences punishable with imprisonment for life or other imprisonment) of the Indian Penal Code (IPC). Before arresting Chaudhary and Ahluwalia, police also charged them under Section 420 (cheating).
Tags: New Delhi, New Delhi,
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Written by admin on 12 December 2012
New Delhi, Dec 12 (IANS) The Indian Space Research Organisation (ISRO) is planning to accomplish 10 space missions in the next one year, parliament was informed Wednesday.
Minister of State in the Prime Minister’s Office V. Narayanasamy told the Lok Sabha that eight of these are planned by September 2013 and the remaining two by 2013-end.
The missions are three polar satellite launch vehicles, one geosynchronous satellite launch vehicle, two communication satellites, one earth observation (ocean) satellite, one meteorological satellite, one navigation satellite and Mars orbiter.
Tags: New Delhi, New Delhi,
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Written by admin on 12 December 2012
Chandigarh, Dec 12 (IANS) Global electronics giant Panasonic Corporation Wednesday opened its first ‘eco ideas’ factory in India. Chief Minister Bhupinder Singh Hooda inaugurated the new 76-acre manufacturing unit at Dadri Toy village in Jhajjar district.
The manufacturing unit is part of an upcoming model economic township, which is 100 percent owned by Panasonic Corp.
The company will invest about $200 million till 2015 and provide direct employment to 2,000 persons.
“This is just the beginning of what could transform the region and prove to be a milestone in the development of the state. Panasonic would provide jobs to 2,000 persons and the full development of the industrial zone would open job opportunities to about 3.5 lakh persons,” Hooda said.
“Panasonic would invest more than Rs.1,000 crore in the next five years. We expect this company to also provide training and technical educational facilities to the state’s youths so that they could be equipped for the technical jobs in such manufacturing units,” the chief minister said.
Panasonic set up its first unit in the country in 1972 and created a niche for itself at the global level.
Managing director of Panasonic Corp’s Asia Pacific and Middle East Asia unit Yori Hisa Shiokawa said that India is considered one of the fastest growing economies, with outstanding market potential.
Panasonic India president Daizo Ito said: “Panasonic has been known for making everyday life simpler, more convenient and more energy efficient. Today’s opening of this factory will fuel our first priority goal in India for doubling Panasonic’s revenue in fiscal 2012-2013.”
“We have got exemplary support from the Haryana government which is taking strong leaps in building infrastructure for industrial growth in the state,” Ito said.
Tags: Chandigarh, , Punjab
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Written by admin on 12 December 2012
New Delhi, Dec 12 (IANS) Zee Group chairman Subhash Chandra Wednesday told a Delhi court he was ready to undergo a lie-detector test while two journalists of his channel arrested for an alleged Rs.100-crore extortion bid refused to do so.
Sudhir Chaudhary, head of Zee News, and Samir Ahluwalia, head of Zee Business, both in judicial custody, were accused of demanding Rs.100 crore from the Jindal Group in the form of advertisements to the channel.
The journalists told Metropolitan Magistrate Gaurav Rao that they were opposed to the lie-detector test but open to giving samples for voice tests.
Tags: New Delhi, New Delhi,
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Written by admin on 12 December 2012
New Delhi, Dec 12 (IANS) The Supreme Court Wednesday issued notice to the government on a plea for ban on manufacture, distribution, sale, export, import and consumption of chewing tobacco, gutka and pan masala in all their forms.
The apex court bench Justice G.S. Singhvi and Justice S.J. Mukhopadhaya issued notice after petitioner Centre for Public Interest Litigation’s (CPIL) counsel Prashant Bhushan told the court that 14 states had banned gutka but the restriction was not effective as the product was still being manufactured in other states.
The CPIL sought direction that violation of the prohibition order, as sought by it, would not only make a tobacco product’s manufacturer liable under the Environment Protection Act, 1986, Food Safety and Standards Act, 2006, but also constitute an offence of contempt of court.
The petition sought direction to the government and the Food Safety and Standards Authority to rigorously enforce the restrictions.
Seeking ban on all forms of gutka, the application said that 14 states have banned gutka only and there were no curbs on chewing tobacco and pan masala.
The NGO alleged that the government had not taken any steps to implement the orders of the apex court or even its own notification which was issued in pursuance to the court’s orders.
The court would next hear the matter in February 2013.
Tags: New Delhi
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Written by admin on 12 December 2012
Kolkata, Dec 12 (IANS) Coal India Ltd (CIL) Wednesday said it would appoint an independent international agency to check the quality of coal following a long brawl with India’s major power producer NTPC over its quality and signing the fuel supply agreement (FSA).
“We will appoint a third party for sampling and quality check of coal for the first time. The agency will be an alternative for joint-sampling, which we currently do with all of our customers,” CIL chairman and managing director S. Narsing Rao told reporters after the coal major’s board meet here.
“This will not just be the case with NTPC but with all customers. Within the next two-three months we will invite bids to appoint the international agency in this regard,” Rao said.
Power major NTPC had earlier repeatedly raised its concern over various quality issues and “inflated prices” of the coal behemoth.
NTPC’s move came irrespective of any major breakthrough in the company’s demand for a revision in FSA terms. However, Rao maintained Wednesday that as far as the FSA was concerned, there would be no change in the draft.
Although the prime minister’s office had set a deadline for power producers and the public sector CIL to sign the FSA by November, only 33 companies have signed the pact till now.
Tags: Kolkata, , West Bengal
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Written by admin on 12 December 2012
Chennai, Dec 12 (IANS) Automobile seat belt-maker and Rs.672-crore turnover venture Rane TRW Steering Systems Ltd (RTSSL) will get into manufacturing of airbags at its plant here, the company said Wednesday.
A statement issued by Rane TRW Steering, an equal joint venture between the city-based Rane Group and TRW Automotive of the US, said the firm would expand by manufacturing airbags.
The company said it would initially make 320,000 units per annum and in three-five years the production would be ramped up to 810,000 units.
“The total investment is around Rs.35 crore in the next five years to manufacture both airbags and seat belts,” the statement said.
The manufacturing facility will utilise driver and passenger airbag technology developed by TRW in Germany. The airbags will be assembled out of the company’s Chennai plant and the intention is to leverage the Rane Group supplier network in a phased manner.
Tags: Tamil Nadu
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Written by admin on 12 December 2012
New Delhi, Dec 12 (IANS) A cross-party delegation of members of parliament, part of Climate Parliament group, Wednesday met Prime Minister Manmohan Singh to demand additional central assistance to states investing in renewable energy.
The delegation, led by BJP leader Rajiv Pratap Rudy, met Manmohan Singh in the Parliament House.
“Prime Minister has assured us that he is personally taking interest in the implementation of the National Action Plan on Climate Change, so that its various targets, including an increase in the share of new and renewable energy to 15 percent by 2020, are completed successfully,” said a statement by Climate Parliament.
Climate Parliament is a network of cross-party members of parliament, working to accelerate the transition to a low-carbon economy by promoting renewables.
“The prime minister agreed to the high importance of the development of green energy in the country, with broader political initiatives,” it said.
The group emphasised the need to finalise higher cross-border electricity trade targets with neighbouring countries in south Asia based on renewable energy in view of the high potential of such trade and its strategic geo-political importance.
The delegation also demanded that the government take steps to encourage private sector investments in the enhancement of transmission infrastructure for renewable energy among others.
Tags: New Delhi, New Delhi,
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Written by admin on 12 December 2012
Mumbai, Dec 12 (IANS) A benchmark index for Indian equities markets Wednesday closed 31 points lower following selling pressure in capital goods, metals and public sector undertakings (PSU) stocks.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,432.54 points, ended the day at 19,355.26 points, down 31.88 points or 0.16 percent from its previous close at 19,387.14 points.
The index touched a high of 19,478.79 points and low of 19,317.23 points intra-day. The BSE midcap index was up 4.17 points, while the smallcap index edged higher by 18.07 points.
The wider 50-scrip S&P CNX Nifty of the National Stock Exchange was down 10.80 points or 0.18 percent at 5,888.00 points.
The BSE capital goods index was down 110.02 points. The metal index ended lower by 74.93 points, followed by PSU index down 58.33 points, banks index, down 45.92 points, and power index, down by 13.02 points.
The auto index was up by 102.77 points, and so were the consumer durables index, up 76.35 points, and oil and gas index, up 25.67 points.
Among the gainers were Bajaj Auto, up 2.57 percent at Rs.2,055.50; Mahindra and Mahindra, up 2.20 percent at Rs.948.40; Hero MotoCorp, up 1.92 percent at Rs.1,885.15; Reliance Industries, up 1.53 percent at Rs.832.15; and Sun Pharma, up 1.35 percent at Rs.724.70.
The major losers were Hindustan Unilever, 2.65 percent lower at Rs.529.90; BHEL, down 1.98 points at Rs.232.35; Gail India, down 1.67 percent at Rs.348.35; Jindal Steel, down 1.55 percent at Rs.412.85; and ONGC, down 1.44 percent at Rs.259.70.
Among other Asian markets, Japan’s Nikkei was up 0.59 percent and Hong Kong’s Hang Seng rose 0.80 percent. The Shanghai Composite Index also closed higher by 0.39 percent.
European markets were flat. Britain’s FTSE 100 was up 0.23 percent while the German DAX was trading higher by 0.23 percent. The French CAC 40 was down 0.17 percent.
Tags: Maharashtra, Mumbai, New Delhi
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