Govt to push for consolidation of public sector banks

In his Budget speech, Mr. Jaitley had announced that public sector banks are expected to get an infusion of Rs. 25,000 crore this fiscal The government will push for consolidation of public sector banks once they are recapitalised and strengthened, Finance Minister Arun Jaitley said today. “We have now undertaken this exercise of recapitalisation of […]

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US judge approves $20 billion settlement for BP oil spill

AP In this April 21, 2010 file photo, the Deepwater Horizon oil rig burns in the Gulf of Mexico following an explosion that killed 11 workers and caused the worst offshore oil spill in U.S. history. TOPICS environmental issues This is the largest environmental settlement in history and the payment will have to be made […]

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I-T dept disallows $20-mn ‘sham’ investment in NDTV

The income tax (I-T) department has disallowed a $20-million (Rs 135-crore at current exchange rate) investment by Velocity Interactive Group (VIG) in New Delhi Television Ltd (NDTV) in 2007. Calling the investment a ‘sham transaction’, the department has issued an order to the media company, NDTV informed the BSE on Monday. Terming it “unexplained investment […]

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Panama papers: investments legal, say Indian investors

PTI Aishwarya Rai Bachchan. File photo Several Indians who figure in the list of those who have used tax havens to park their money have claimed that their investments were legal, while many have maintained silence. While super star Amitabh Bachchan was yet to respond to the revelations by Monday evening, the media adviser to […]

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Apple exploring investment options in India: Telecom Minister

Technology giant Apple Inc and other global players are exploring opportunities to invest in India’s electronic segment, which has attracted investments of over Rs 1.2 lakh crore so far, Telecom Minister Ravi Shankar Prasad said. “When I became minister, we had Rs 11,198 crore of investments in electronic manufacturing. I am happy to tell you, […]

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Isro Aims to Launch Record Number of Satellites in Single Mission

India is all set to script history by launching a record number of 22 satellites, including a number of micro and nano ones from foreign countries, in a single mission in May this year. The Indian Space Research Organisation (Isro)’s workhorse Polar rocket PSLV C34 carrying India’s Cartosat 2C would also have 21 other satellites […]

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Expedition 47 Crew Set for ISS Launch on Saturday

On a second US record-breaking mission for 2016, Nasa astronaut Jeff Williams, with cosmonauts Alexey Ovchinin and Oleg Skripochka of the Russian space agency Roscosmos, are set to begin their five-and-a-half-month mission to the International Space Station (ISS) on March 18. The Expedition 47 crew is scheduled to be launched from the Baikonur Cosmodrome in […]

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IIT Bombay to Host eYantra Robotics Competition

The finals of IIT Bombay’s eYantra Robotics Competition (eYRC), which is in its fourth year, will be held in the campus from tomorrow. The two-day event will witness teams from across the country competing for the coveted prize and the opportunity to intern at IIT Bombay, an official release said. The e-Yantra project is sponsored […]

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Virtual Earth-Space Telescope Reveals New Details About the Milky Way

Astronomers have created a virtual Earth-space radio telescope more than 100,000 miles across – a super-high resolution that reveals new details of a quasar and our Milky Way. The researchers were surprised when their Earth-space system revealed a temperature hotter then 10 trillion degrees. “Only this space-Earth system could reveal this temperature, and now we […]

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