INTERNATIONAL US economic recovery on right track: Report Washington:Fears for the US economic recovery were soothed on May 31, by data showing buoyant consumer sentiment, a strengthening industrial heartland and bulging orders at factory gates.
US prepares to fight EU action on steel tarrifs Geneva:Under intense pressure over its controversial protectionist steel tariffs, the US seemed determined on May 31, to fight action taken against it by its main trading partner, the EU
NATIONAL CPM accuses govt of hiding role in VSNL divestment New Delhi: Sharply criticising the Videsh Sanchar Nigam Ltd (VSNL) management for its decision to invest Rs 1,200 crore in Tata Teleservices, Communist Party of India – Marxist (CPM) on June 1 accused the government of "hiding" the role it played in privatising the cash-rich telecom company and the role of its nominee in the company board.
18,000 villages to be electrified by 2012: Minister Madurai: Union Minister of State for Non-Conventional Energy Sources M Kannapan on June 1 said that the ministry was assigned to electrify about 18,000 unelectrified villages in the country by 2012 of which 2,500 were already electrified using solar energy.
SENSEX slumps on Indo-Pak political rhetoric Mumbai: Mounting Indo-Pak border tensions weighed heavily on share values at the Bombay Stock Exchange (BSE) during the week and the benchmark tumbled by a whopping 129.89 points to close at 3,125.73, dragged down by distress selling by operators and foreign funds.
Petrol, diesel price hike decision on June 3: Naik New Delhi: The government would announce on June 3 its decision on revision of prices of petrol and diesel in the wake of changes in international crude prices in the last two to three months, Petroleum Minister Ram Naik said on June 1.
Ladakh gets Rs 20 cr development grant from Centre Leh: The Centre on June 1 announced a Rs 20 crore financial grant for the high altitude Ladakh region of Jammu and Kashmir, including much-awaited Rs 15 crore for providing basic infrastructure to the para-military forces fighting insurgency in Ladakh.
ETA to convert Pondy facility to manufacturing unit Chennai: ETA General Private Ltd, a joint venture between ETA Ascon group, Dubai and Fujitsu General, Japan, will convert its facility at Pondicherry as the manufacturing hub for its flagship 'General' brand of air conditioners (ACs) for the South Asian Association for Regional Co-operation (SAARC) countries.
Customs duty changes: Drawback revised on 850 items New Delhi: The duty drawback, an export incentive to compensate duty borne on imported inputs, was on June 1, revised for about 850 items in the face of changes in Customs duty in the Union Budget.
