PTI - The Press Trust of India Ltd. articles from October 2005

PTI - The Press Trust of India Ltd. archives from October 2005

Shillong, Sept 30 (PTI) Two independent MLAs today withdrew support from the Congress-led Meghalaya Democratic Alliance government protesting police firing which killed nine persons in two districts of the Garo hills region.
October 1, 2005... Billy Kit Sangma, representing Tura constituency, and Sengman R Marak from Rongram seat withdrew support to the MDA coalition as a protest against the firing incident, sources said. Sangma and Marak were also parliamentary secretaries. ...

Ludhiana, September 30 (PTI) Punjab Finance Minister Surinder Singla today said the state government would release pending capital incentive subsidy of more than Rs. 500 crore to the state industry in a phased manner by way of issuing tradable bonds .
October 1, 2005... "Initially, we would release Rs. 100 crore as first part of capital incentive subsidy in the shape of tradable bonds to the industry in January 2006," he said addressing the gathering of industry representatives of United Cycle & Parts Mfrs....

Mumbai, Sep 30 (PTI) Union Minister of Textiles Shankersinh Vaghela today asked textile barons to contribute in growth of cotton sector and asked them to be prepared to face Chinese challenge in textiles. "The onus on quality of cotton production is left on the poor farmers, who neither have the money nor the technical expertise.
October 1, 2005... Mumbai, Sep 30 (PTI) Union Minister of Textiles Shankersinh Vaghela today asked textile barons to contribute in growth of cotton sector and asked them to be prepared to face Chinese challenge in textiles. "The onus on quality of cotton...

Mumbai, Sep 30 (PTI) National Stock Exchange (NSE) today decided to suspend trading in five scrips, including DSQ Software Ltd., from October 10, 2005 for non-compliance of listing agreements.
October 1, 2005... The equity shares of Atcom Technologies, BS Appliances Ltd, BS Refrigerators Ltd, DSQ Software Ltd and Haryana Sheet Glass Ltd will be suspended from trading with effect from October 10 until further notice on the capital market segment of NSE...

Houston, Oct 1 (PTI) The finance and accounting outsourcing (FAO), which estimates total contract value currently at USD 12 billion, is on a similar growth pattern like human resource (HR) outsourcing, a study has said.
October 1, 2005... Approximately 70 per cent of the 108 multi-process FAO contracts have been signed since 2001 and it has reached a rapid growth stage, the report prepared by Everest Research Institute said. "While much attention in the BPO marketplace has...

Washington, Oct 1 (PTI) Defending use of military power to advance the cause of democracy, United States Secretary of State Condoleezza Rice has said it was the only guarantee of true stability an lasting security.
October 1, 2005... "In a world where evil is still very real, democratic principles must also be backed with power in all its forms: political and economic, cultural and moral, and yes, sometimes military," Rice said in a speech at the Woodrow Wilson School of...

Washington, Oct 1 (PTI) Playing down Defence Secretary Donald Rumsfeld's description of Taiwan as a "sovereign nation, the White House has said its position on the 'one China policy' remains unchanged.
October 1, 2005... The Bush administration's position on the isse is unchanged, White House spokesman Scott McClellan said. "We support a one China policy." He said President George W. Bush had reiterated the US position to Chinese President Hu Jintao during...

New York, Oct 1 (PTI) Software giants Infosys Technologies and WIPRO along with ICICI Bank are the three Indian companies that figure in the list of 50 fabulous Asian firms compiled by Forbes magazine.
October 1, 2005... Companies with at least five billion dollars in revenue or market value were considered for the list and some 500 made the grade and met the magazine's definition of "big." Out of them, 50 were chosen on the basis of the best aggregate score...

Mumbai, Oct 1 (PTI) Stocks: After a brief pause last week, the sensex once again began its record setting spree and scored the biggest weekly gains of 412 points in 68 months in highly volatile trade powered by ample liquidity and strong hopes of ex cellent second quarter corporate earnings.
October 1, 2005... The sensex whizzed past 8,700 level for the time ever to hit a new intra-trade record high of 8,722.17 before ending the session at an all-time closing peak of 8,650.17 on Sep 29. In the week to September 30, the Bombay Stock Exchange (BSE)...

Beijing, Oct 1 (PTI) Chinese computer giant Lenovo Group, which acquired IBM's PC business, will set up a headquarters in India to replicate its success in other emerging markets, the company's chairman said.
October 1, 2005... Lenovo would start the second stage of the consolidation process from October 15, eight months ahead of schedule, said Yang Yuanqing, the Chairman of Lenovo, the world's third largest computer maker. The Chinese firm acquired IBM's personal...

Beijing, Oct 1 (PTI) China today asked the United Arab Emirates not to allow Taiwanese President Chen Shui-bian to have a stop-over in the country, warning the oil-rich nation against bringing about "negative impact" on bilateral ties.
October 1, 2005... "The United Arab Emirates ignored China's strong opposition and insisted on allowing Chen Shui-bian to pass through and have political activities," Chinese Foreign Ministry Spokesman Qin Gang said. "It violated the UAE's commitment to...

Preliminary work to start for Kulpi port Pradip K Chakraborty Kolkata, Oct 1 (PTI) Bengal Port Limited, a consortium of the West Bengal government and the UK-based multinational partner P and O Ports is set to begin preliminary work for the proposed minor private port and an adjoining special economic zone at Kulpi in state's South 24 Parganas district.
October 1, 2005... "A foreign consultant- Jacobs Babtie, a part of Jacobs Engineering based in the US, is working on the detailed techno-economic feasibility study for the project and will submit its report soon", Bengal Port Ltd Director Mahendra Kumar Jalan...

Mumbai, Oct 1 (PTI) Graphite India Ltd, manufacturers of Graphite Electrodes and Calcined Petroleum Coke, today said it will raise 40 million dollars from overseas markets through unsubordinated, unsecured Foreign Currency Convertible Bonds.
October 1, 2005... The five-year FCCBs are convertible into the company equity shares at Rs 330.938 per share and carry a coupon of one per cent per annum, it informed the Bombay Stock Exchange. Further the company has informed that the initial issue size was...

Srinagar, Oct 1 (PTI) The Jammu and Kashmir government has said it would take up the issue of opening up of the Ladakh route to the Mansarovar pilgrimage with the Centre.
October 1, 2005... "Opening up of Ladakh route for Mansorvar yatra like in the past would be taken up with the Centre to promote pilgrim tourism in the frontier region," Tourism Minister Ghulam Hassan Mir said yesterday during a debate on a private member's...

Strikers' challenge to West Bengal's IT sector Pallab Kumar Bhowmik Kolkata, Oct 1 (PTI) The September 29 bandh has dealt a blow to the "progressive outlook" of West Bengal's marxist Chief Minister Buddhadev Bhattacharjee whose "do it now" slogan se ems to have taken a back seat with the entire state undergoing another bout of workless day.
October 1, 2005... A day's production loss as well as allegation of threats by pro-strike activists have caused consternation to Bhattacharjee, who has earned the distinction of being "highly reformist" among marxist leaders by trying to woo foreign investments...

Job reservation for locals in Uttaranchal under fire Deepti Saxena Dehra Dun, Oct 1 (PTI) The decision of the Congress government in Uttaranchal to reserve 70 per cent jobs in non-technical posts in industries for local youths has come under fire fr om industries as well as political parties.
October 1, 2005... The decision taken at a recent cabinet meeting gave the industries six-month's time to fill up the vacancies. For this purpose, the Cabinet had also cleared a proposal to set up a State Council with the Chief Minister as its chairman, which...

Jammu, Oct 1 (PTI) A civilian was mistakenly shot dead by security forces near an army hospital today in Rajouri district of Jammu and Kashmir, official sources said.
October 1, 2005... Surinder Kumar, a bus conductor, was wrongly identified as a militant by a guard at the hospital and killed at around 0500 hours today, they said. Kumar was going to his home in Noushera, the sources said. His death led to a...

London, Oct 1 (PTI) The English counties have provided cricketers world over myriad opportunities over the years but it may no longer be the case what with a new ruling aimed at curbing the influx of foreign players.
October 1, 2005... From 2006, counties which fail to select sufficient numbers of England-qualified players will have thousand of pounds cut from their revenue, and the strict penalties will increase further in the following season. First announced by the...

Mumbai, Oct 1 (PTI) India's foreign exchange reserves fell by US dollar 1.2 billion during the week-ended September 23, 2005.
October 1, 2005... The reserves stood at USD 1,43,017, a fall of USD 1,205 million, according to Reserve Bank of India's weekly statistical supplement released today. Foreign currency assets also decreased by USD 1,195 million to stand at USD 1,37,048...

China celebrates 56th National Day amid growing prosperity Anil K Joseph Beijing, Oct 1 (PTI) China today celebrated the 56th National Day with Premier Wen Jiabao pledging to the nation a sustained and stable economy with Beijing pushing for "a new world of peace, amity and harmony.
October 1, 2005... China celebrates 56th National Day amid growing prosperity Anil K Joseph Beijing, Oct 1 (PTI) China today celebrated the 56th National Day with Premier Wen Jiabao pledging to the nation a sustained and stable economy with Beijing pushing for "a...

Sonepat, Oct 1 (PTI) The Haryana Government today began purchasing paddy from the markets of this district here at the minimum support price fixed by the Centre.
October 1, 2005... According to official sources, the paddy is being purchased by the Food Corporation of India, Food and Supplies Department and Haryana State Co-Operative Supply and Marketing Federation (HAFED). Bajra will be purchased by the CONFED at...

Bhubaneswar, Oct 1 (PTI) Public Sector Undertaking NALCO is actively exploring the possibility of setting up a joint venture project in the middle-east, officials today said.
October 1, 2005... The company had short-listed Oman, Dubai and Qatar for locating the project and the feasibility report would be ready in two months, NALCO's Chairman-cum-Managing Director C R Pradhan told newsmen here last night. NALCO, after completion...

Dubai, Oct 1 (PTI) The International Cricket Council Women's Committee has decided that all international matches from November 2005 will take place under a universal set of playing conditions.
October 1, 2005... Previously, each country operated under its own set of conditions but an eight-person Committee that met this week, decided on a change in the policy as part of a drive towards standardisation of women's cricket. A universal code of...

Kuala Lumpur, Oct 1 (PTI) A Malaysian court has asked a local company to give 48 Indian nationals a total of 500,000 ringett (approx Rs 58,35000) in damages for not paying them the promised salary when they joined it.
October 1, 2005... Judge Augustine Paul of a Court of Appeals ruled that the Penang-based company 'Chin Well Fastners Sdn Bhd' should pay damages totalling 500,000 ringett to the 48 workers because the firm had conceded that it promised them a wage of 750 ringett...

London, Oct 1 (PTI) Internet auctioneer eBay is set to withdraw from sale love letters allegedly written by Prince Charles to a Canadian girlfriend.
October 1, 2005... Six letters purportedly written by Charles between 1976 and 1980 were on sale for 40,000 pounds, a media report said here today. "They are very private. We don't want to upset the Prince so it is likely they will be withdrawn," an eBay...

London, Oct 1 (PTI) England all-rounder and Ashes hero Andrew Flintoff says Sachin Tendulkar and Brian Lara are the two best batsmen he has come across and that the Indian holds an edge over the West Indies genius.
October 1, 2005... "I would say Lara and Sachin Tendulkar are the two best batsmen I've faced, although you always think you have more of a chance when you are bowling at Lara," says the flamboyant criketer in his autobiography 'Being Freddie - My Story So Far.'...

Shillong, Oct 1 (PTI) The situation in Tura and Williamnagar, where altogether nine persons were killed in firing by police and CRPF yesterday, continued to be tense with curfew being clamped in the two district towns.
October 1, 2005... There was no fresh report of violence from the area but personnel of BSF and CRPF were patrolling the streets and the army was asked to stand by. However, people prefered to remain indoors today, official sources said. Residence of...

New Delhi, Oct 1 (PTI) Pointing that income tax authorities were not adhering to abeyance period on the issue of negative profits, an exporters' body today asked the government to provide a permanent solution to the problem.
October 1, 2005... Federation of Indian Export Organisation President O P Garg asked the Finance Minister Chidambaram to issue directives to all ITAT (Income Tax Apellate Tribunal) to adhere to the extended date for abeyance period so that no notices are issued...

London, Oct 1 (PTI) Britain's Queen Elizabeth II has for the first time allowed a US television network to broadcast a show live from her royal residences.
October 1, 2005... America's ABC television has been granted permission to broadcast its 'Good Morning America' show live from three of the Queen's residences next week, a media report said today. On Thursday and Friday, US audiences will see the show being...

Russia to consider Indian firms' in future Sakhalin projects Ammar Zaidi Sakhalin (Russia), Oct 1 (PTI) Russia today indicated its willingness to take along Indian companies such as ONGC Videsh Ltd for exploration of oil and gas in future Sakhalin p rojects as well as enhancing energy cooperation in third countries.
October 1, 2005... "We discussed prospects of Indian firms' participation in exploration and production business in India, Russia and third countries," Russia's Minister of Industry and Energy Viktor Borisovich Khristenko said after a three-hour meeting with...

Imphal, Oct 1 (PTI) Two badminton players from Sikkim were killed and 14 other players from North-East injured when the bus carrying them overturned near the Kangla fort in Manipur's Imphal West district, police said today.
October 1, 2005... The bus, carrying 16 participants of the Ninth N.E. Zone Inter-state team and Open Badminton Championships, 2005, turned turtle after skidding off the road last evening, the sources said. The two Sikkimese players - who died on the spot -...

Dhaka, Oct 1 (PTI) Four years into power, the ruling Bangladesh Nationalist Party of Prime Minister Khaleda Zia today marked 'vote revolution day' to highlight the landslide victory of its four-party alliance in the 2001 general elections.
October 1, 2005... However, no major programmes have been set out for the day either by the BNP, its Islamist allies or the main opposition Awami League of former prime minister Sheikh Hasina Wajed, now on a tour of India. The Awami League refused to accept...

United Nations, Oct 1 (PTI) While France generally respects the right to freedom of religion, the ban on usage of conspicuous religious symbols in public schools is an area of concern, says a UN expert.
October 1, 2005... "I am however sure that eventually French society will be able to overcome the obstacles as its commitment to fundamental rights runs deep and is the foundation of the Republic," Rapporteur on Freedom of Religion or Belief of the UN Commission...

Srinagar, Oct 1 (PTI) Jammu and Kashmir government has assured the people of the state that right steps were being taken to check "artificial" scarcity of essential commodities, created by shopkeepers who were indulging in hoarding and black markete eing.
October 1, 2005... "Daily market checking was being conducted by the enforcement wing to stop hoarding, profiteering and black marketing," Minister for Consumer Affairs and Public Distribution Taj Mohiuddin said, while replying to a question in state's...

Nagpur, Oct 1 (PTI) Vidit Guarathi from Maharashtra and Orissa's Padmini Raut clinched the titles in their respective section in the 19th National Under-11 Chess Championship.
October 1, 2005... Gujrathi scored 9.5 points out of a possible ten while Asian under-10 champion Prasanna Rao got the second spot after outscoring Srinivasa Varma of Andhra Pradesh, after both scored nine points each at the event that ended here last night. ...

Hyderabad, Oct 1 (PTI) Top chess masters from across the continent will vie for honours at the USD 32,000 5th Asian Chess Championship, 2005 to be played at KVBR stadium here from October 6 to 16.
October 1, 2005... Sasikiran Krishnan, S S Ganguly besides Koneru Humpy and young sensation D Harika and Tejas Bakre figure in 27 strong Indian contingent while Asian power house China has fielded Xu Jun and Ye Jiangchuan in their 18 member team. Top ten...

Hyderabad, OCT 01 (PTI) Following are the results of the 20th day Hyderabad Monsoon Races held here today.
October 1, 2005... Hyderabad, OCT 01 (PTI) Following are the results of the 20th day Hyderabad Monsoon Races held here today. First Race: The Show The Way Plate Div-I D 1400 M Cat IV Captain Steve (Mr K.V.Srinivas) 53.5 carried 50 Lakshmikant first Damanaka 60...

Mumbai, Oct 1 (PTI) Bajaj Auto, country's second largest bike maker, today said motorcycle sales increased 43 per cent in September to 1,80,926 units against 1,26,420 units in the same month last year.
October 1, 2005... Bike sales in the first half of this fiscal grew 42 per cent to 8,68,100 units against 6,12,211 units in the same period last fiscal. Pune-based company said total two-wheeler sales, including scooters, in the month stood at 1,94,894 units,...

New Delhi, Oct 1 (PTI) Hero Honda Motors Ltd, country's largest bike maker, today reported 22.3 per cent jump in sales to 2,66,071 units during September 2005 compared to 2,17,507 units during the same month last year.
October 1, 2005... Cumulative sales for the first half this fiscal grew 16.84 per cent to 14,29,992 units as against 12,23,919 units during April-September 2004-05, Hero Honda said in a release. The sales figures of September 2005 are also 9.6 per cent higher...

Dhaka, Oct 1 (PTI) At least 324 people died in the custody of Bangladeshi security forces in the past nine months, a rights body today claimed.
October 1, 2005... The figure was three times higher than the same period last year, "Odhikar" said in a statement. The watchdog body also claimed that another 224 people died due to political violence in the same period based on its survey of newspaper...

Mumbai, Oct 1 (PTI) As part of nationwide anti-corruption drive, the CBI sleuths have recovered a total of Rs 3.5 crore during searches at 12 places in the city till early this morning, sources said.
October 1, 2005... The CBI officials unearthed the amount in the form of both cash as well as immovable properties during searches since yesterday at the premises of government officials belonging to Customs, Excise, Bombay Port Trust and Oil and Natural Gas...

Kathmandu, Oct 1 (PTI) Two senior Maoist leaders, accused of involvement in the kiling of Inspector General of Armed Police Force Krishna Mohan Shrestha and his wife here about two-and-a-half years ago, were produced before a Nepalese court for the first time since the crime was committed.
October 1, 2005... The duo, Matrika Yadav and Suresh Alemagar, were produced before the Patan Appellate Court by Nepalese authorities yesterday, police here said. Both Yadav and Alemagar, accused of being involved in the killing of Shrestha and his wife...

Kathmandu, Oct 1 (PTI) Nepal's seven-party opposition alliance has boycotted a meeting called by the Chief Election Commission to discuss next year's municipal polls in the kingdom, saying it will not participate in programmes organised by the "auto cratic and unconstitutional" government.
October 1, 2005... "The political parties will not take part in any programme organised by the autocratic and unconstitutional government," said Krishna Sitaula, a Central member of Nepali Congress - a constituent of the seven-party alliance. "At a time when...

Chennai, Oct 1 (PTI) Defending champions Tamil Nadu have been given the pride of place as the top seeds in the 28th Sub-Junior National Football Championship for the Mir Iqbal Hussain Trophy starting at Suburban Avadi from Monday.
October 1, 2005... The championship winner will progress to the nationals proper where the five zonal winners, last year's top two teams and the hosts (eight) teams would clash for the title. Tamil Nadu plays Andhra Pradesh in the first match of the five team...

Mumbai, Oct 1 (PTI) A day after the nationwide search on senior government officials, Central Bureau of Investigation today arrested B R Meena, Commissioner of Income Tax Tribunal, here.
October 1, 2005... Meena will be produced before a special court here, CBI officials said. CBI registered a disproportionate assets case against Meena, an IRS officer of 1977 batch, and claimed to have recovered so far cash of Rs 16 lakh from his possession,...

Gangtok, Oct 1 (PTI) A 14-member joint team of Jammu and Kashmir Rifles and Nathula Brigade today began an expedition of the Khangchen Gyao peak, situated at 23000 feet in North Sikkim.
October 1, 2005... The General Officer Commanding (GOC) of the 17 Mountain Division K T Parnaik flagged off the expedition at the Tibing helipad near here this morning handing the flag to team captain Major Sanjay Thapa of the J&K rifles. The expedition...

Indore, Oct 1 (PTI) The Indian junior squash championship, one of the biggest tournaments in Asian Squash calender, will be organised here from Oct 4-8.
October 1, 2005... The tournament offers USD 10,810 (nearly Rs 4.60 lakh) as prize money to the winners in various categories, tournament coordinator, M Rajopadhyaya told reporters here today. Besides India, players from Malaysia and Nigeria will clash under...

Srinagar, Oct 1 (PTI) Jammu and Kashmir government has taken several measures to boost agriculture and to make it more profitable for the farmers, Agriculture Minister Abdul Aziz Zargar has said.
October 1, 2005... "The government has taken agriculture sector as thrust area and has taken several measures to make it more profitable for the farmers," he said while speaking on a private members resolution moved by a member seeking to declare agriculture as...

Kolkata, oct 01 (pti) bullion: silver rdy 10,925.00 -- seeds and oils: groundnutoil unqtd. Mustardoil 5200.00 cottonseedoil & copra prices unqtd.
October 1, 2005... -- jute spot prices : raw jute w-five rdy 1270.00 b twills 1020 gms rdy 2640.00 oct 2660.00 nov 2680.00 dec 2690.00 jan/mar 2720.00 hessian 101.5cm x 305 gms rdy 1095.00 oct 1095.00 nov 1100.00 dec 1105.00 jan/mar 1110.00 hessian 114.5cm x 298...

Kochi, Oct 1 (PTI) The British Marine Federation, the trade association of United Kingdom's leisure and super yacht industry, today said it was scouting for tie-ups with Indian business houses to develop marine tourism infrastructure in Kerala.
October 1, 2005... "Kerala has the potential to become a major hub for maritime and aquatic leisure industry of South Asia," BMF Director (International Development) Toby Allies, who is participating in the ongoing Indian International Boat Show, told reporters...

Chennai, Oct 1 (PTI) With Chennai emerging as a hot destination for IT firms, the city-based Maan Sarovar Properties Development (P) Ltd today announced it will invest Rs 120 crore to set up 'Twin IT Parks' in the city.
October 1, 2005... The Twin IT Parks -- Maan Sarovar Techno Creek and Maan Sarovar Heights -- in an area of about eight lakh sqft will be completed by March and April 2006 respectively, Maan Sarovar Properties Director Navneet Jain said at a news conference here....

New Delhi, Oct 1 (PTI) TVS Motor Company today reported a 16 per cent rise in sales at 1,21,108 units during September 2005 as compared to 104,837 units in the same month last year.
October 1, 2005... The company's exports grew by an impressive 126 per cent year-on-year to 7,512 units in September. Motorcycle sales recorded highest ever sales in a month, growing by 27 per cent to 75,310 units compared to 59,172 units in September 2004,...

Mumbai, October 1 (PTI) Ansal Housing and Constructions Ltd has declared 3 per cent dividend for the financial year 2004 -05.
October 1, 2005... The shareholders at the AGM has approved the payment of final dividend of 3 per cent on the paid-up capital of the company in addition to the interim dividend of 7 per cent aggregating the total dividend 10 per cent for the year, the company...

New Delhi, Oct 1 (PTI) Honda Siel Cars India Ltd today reported a 26 per cent rise in sales for the first half this fiscal to 22,265 units as compared to 17,629 units in April-September 2004-05.
October 1, 2005... Sales of its flagship Honda City grew 12 per cent to 3,349 units during September 2005 compared to 2,976 units in September 2004, the company said in a release. The capacity expansion project at HSCI is in full swing, the company said,...

Dubai, Oct 1 (PTI) West Indian star Brian Lara has been appointed vice-captain following the withdrawal of Sachin Tendulkar as ICC picked a 12-member World XI team to take on Victoria in the warm-up match tomorrow at the Junction Oval, St Kilda in A ustralia.
October 1, 2005... England all-rounder Andrew Flintoff and Daniel Vettori were the notable ommissions in the team which includes both Indians Rahul Dravid, the late replacement for Tendulkar, and Virender Sehwag, the International Cricket Council announced here...

Kolkata, Oct 1 (pti) This week's total offerings markedly increased to 1,18,533 packages compared to last week's 1,09,121 packages comprising 85,711 packages of CTC, 25,600 packages of Orthodox and 7,222 packages of Darjeeling teas where best quality dooars and liquoring sorts posted gains.
October 1, 2005... Kolkata, Oct 1 (pti) This week's total offerings markedly increased to 1,18,533 packages compared to last week's 1,09,121 packages comprising 85,711 packages of CTC, 25,600 packages of Orthodox and 7,222 packages of Darjeeling teas where best...

Mumbai, Oct 1 (PTI) Groundnut oil flared up on the oils and oilseeds market here today on fresh festival demand from retailers amidst thin supply.
October 1, 2005... Elsewhere, imported RBD palmolein also edged up further on mild buying enquiries along with better Malaysian advices. Castorseeds futures recovered moderately on renewed export enquiries. In the edible section, groundnut oil rose smartly by...

New Delhi, Oct 1 (PTI) Mahindra & Mahindra Group today said it is close to acquiring couple of companies both in India and abroad in the auto component and engineering services sector and aims to make Mahindra Systems & Automotive Technologies a bil lion dollar company by 2010.
October 1, 2005... "We are much closer to acquiring companies in the engineering services sector. Maybe in four weeks time," President MSAT, Hemant Luthra said. "We are in final round of talks. We are looking at companies both in Germany and Detroit, we are...

Mumbai, Oct 1 (PTI) The Wholesale Debt Market (WDM) segment of the National Stock Exchange (NSE) today witnessed a total turnover of Rs 275.35 cr in 39 trades.
October 1, 2005... Top securities (non-repo) traded on WDM segment were, the 7.37 per cent government security maturing in 2014 was traded for Rs 75.00 cr at a weighted yield of 7.05 per cent, the 10.25 per cent government security maturing in 2021 was traded for...

Mumbai, Oct 1 (PTI) Gillette India Ltd today informed about the merger of 'The Gillette Company' (TGC), with Aquarium Acquisition Corporation, a US-based subsidiary of the Procter & Gamble Company (P&G).
October 1, 2005... TGC, which holds a 41.02 per cent stake in Gillette India, is entitled to 0.975 shares of P&G on converting each of its shares, Gillette India informed the Bombay Stock Exchange. The Gillette Company has become a subsidiary of P&G company...

New Delhi, Oct 1 (PTI) Leg-spinner Anil Kumble and paceman Ashish Nehra were rested while Sachin Tendulkar, who will make a comeback after a long injury lay off, was named in the India Senior team announced here today for the NKP Challenger series.
October 1, 2005... The national selection committee also announced the India A team, to be led by V V S Laxman, and India B, to play under Dinesh Mongia, for the series schedule to be played between October 10 to 13. Teams: India Senior: Sourav Ganguly...

Kochi, Oct 1 (PTI) BSNL is planning to raise its mobile connectivity to 9.5 lakh in Kerala during this year with a Rs 500 crore investment, a senior official said today.
October 1, 2005... Within three years of launching its cellular mobile operations in Kerala, the telecom major's network has grown to touch 8.7 lakh of which 6,13,901 are prepaid and 1,93,312 post paid, S R Pillai, Principal General Manager, Telecom, Ernakulam,...

Hyderabad, Oct One (PTI) Rafaat trained, four-year-old, "Here Comes The Sun" ably ridden by jockey Gallagher won the Nawab Khaja Moinuddin Khan Memorial Cup (about) 1600 Metres for Category II horses, the main event on the 20th day of the Hyderabad Monsoon Races held here today.
October 1, 2005... "Intecity" (jockey Lakshmi Kant up) claimed the Tenacity Cup about 1800 Metres, the supporting event of the day. The winner was trained by Faisal Hassan. Jockeys Lakshmi Kant and B shinde scored a treble while trainer A Vatsalya and Sk...

St Andrews (Scotland), Oct 1 (PTI) Jyoti Randhawa shot an even par 72 at the Carnoustie on the second day of the Dunhill Links Championship, a celebrity pro-am, being simultaneously played on the Old Course at St. Andrews and at nearby Kingsbarns.
October 1, 2005... Randhawa, former Asia No. 1, improved from tied 51st to tied 42nd at the midway stage while his compatriot Amandeep Johl also shot an even par at Carnoustie and moved up from tied 95th to tied 75th. Colin Montgomerie, who was second at the...

Kota (Rajasthan), Oct 1 (PTI) The union government has given its clearance for the establishment of Guna-Kota gas pipeline between Madhya Pradesh and Rajasthan at the cost of Rs 299.84 crore, official sources today said.
October 1, 2005... The entire work of laying the pipeline would be undertaken by GAIL India Ltd between Guna to Gadepan in Kota and would cover a distance of about 139.5 kilometer. The pipeline in the Hadauti region will pass through Baren, Kota and Bundi...

Coimbatore, Oct 1 (PTI) Planters Association of Tamil Nadu today asked the central and state governments to address pressing issues such as reduction of taxes, repealment of obsolete legislations, amendment of labour law and absorption of the social costs now being borne by the plantations.
October 1, 2005... "No other industry in India is burdened to provide free housing, water, electricity connections, conservancy and other benefits to workers," PAT Chairman Vijayann P Rajes said in his address to the 52nd annual general meeting of the association...

Kochi, Oct 1 (PTI) Federal Bank today said it has revised the interest rates for its non-resident accounts.
October 1, 2005... NRE term deposits of two years and above will attract an interest rate of 5.10 per cent, a bank release said. The interest rate for deposits for a period of one year to less than two years is five per cent. The interst rate for NRE...

New Delhi, Oct 1 (PTI) Scoreboard on the first day of the Irani Cup cricket match between Ranji Trophy champions Railways and the Rest of India at the Karnail Singh stadium here today.
October 1, 2005... New Delhi, Oct 1 (PTI) Scoreboard on the first day of the Irani Cup cricket match between Ranji Trophy champions Railways and the Rest of India at the Karnail Singh stadium here today: Rest of India, 1st innings: D Jadhav LBW b Harvinder Singh...

Mumbai, Oct 1 (PTI) Sachin Tendulkar today said he was still feeling a bit of pain in his elbow but had been given a green signal by his doctors to play in the N K P Salve Challenger Series after being out of action for four months.
October 1, 2005... "It still pains a little (the elbow), but my doctors have declared me fit to play. I enjoy playing in the Challenger Trophy. It gives a perfect platform for me to test my match fitness," he said after a net session at the MIG Club in suburban...

New Delhi, Oct 1 (PTI) Automobile company Mahindra & Mahindra today said it would commit one per cent of profit after tax, amounting to around Rs 7-8 crore per year, on a continuing basis to support various social projects.
October 1, 2005... Making the announcements as part of its corporate social responsibility and marking the completion of the company's 60 years, CMD Keshub Mahindra said the company has decided to set up two 'Mahindra Pride' schools in Hyderabad and Mumbai to...

Karachi, Oct 1 (PTI) Anagha Deshpande and Kauna Jain struck sparkling half centuries to steer Indian women cricket team to a thumping eight-wicket win over Pakistan to take an assailable 3-0 lead in the four-match series at Lahore today.
October 1, 2005... At the Gaddafi Stadium, Karuna scored a fine 59 that included eight boundaries, and Anagha hit an unbeaten 57 also with eight boundaries, as the visitors achieved the victory target of 158 with seven overs to spare. Karuna and Anagha...

New Delhi, Oct 1 (PTI) India Juniors put up a brave fight while narrowly going down to powerpacked India Dark Blues the 16th Lal Bahadur Shastri hockey tournament which kicked off here today.
October 1, 2005... Harpal Singh scored the lone goal of the match off a penalty corner in the 12th minute of the second half. Studded with Olympians and experienced players like Viren Rasquinha, Ignace Tirkey, Kanwalpreet Singh, Devinder Pal Singh and Arjun...

Kolkata, Oct 1 (PTI) Mohun Bagan finished champion in the Kolkata premier division football league with a 2-2 draw against Mohammedan Sporting in their concluding engagament here today.
October 1, 2005... However, Bagan's dream of maintaining an all-win record in the league did not materialise as the club dropped its first point in this edition of the league. Mohammedan Sporting started off brilliantly and went into a surprise 2-0 lead...

New Delhi, Oct 1 (PTI) Centre has decided to set up a 500 mega watt thermal power station in Kokrajhar district of Assam, Bodo MP Sansuma Khunggur Bwiswmuthiary said today.
October 1, 2005... Thanking Prime Minister Manmohan Singh and Power Minister P M Sayeed, he said the project would be set up at Salakati and the work would commence in September next year and completed by 2009. In a statement here, Bwiswmuthiary said the...

New Delhi, Oct 1 (PTI) Harvinder Singh proved to be the talisman for Railways yet again as he picked three crucial wickets to break the back of Rest of India on the opening day of the Irani Cup cricket match here today.
October 1, 2005... Right arm pacer Harvinder first dismissed opening batsman Dheeraj Jadhav to cut short a fine innings before striking two vital blows in the afternoon session to drive a wedge through the Rest innings. The young Rest side, having elected to...

Washington, Oct 1 (PTI) In a victory for the European Union, the World Trade Organisation has found the US guilty of unfairly subsidising exports through tax benefits, raising the possibility of imposition of sanctions on American goods.
October 1, 2005... The report, which came yesterday, may have important implications for another transatlantic trade dispute in which the US and the European Union have accused each other of illegally subsidizing their flagship aircraft manufacturers, Boeing Co....

New Delhi, Oct 1 (PTI) India's largest steel producer Steel Authority of India Ltd (SAIL) today lowered prices of Long products by three to four per cent.
October 1, 2005... The price status of flat products remain the same, a SAIL spokesman told PTI here. He said a price correction has been effected in the case of Long products to keep in tune with the international price levels and stock piling. The...

Kochi, Oct 1 (PTI) About 1200 tanker lorries which carry petroleum products to various parts of Kerala were off the roads since midnight protesting against the government's decision making it mandatory for heavy vehicles to fix speed governors from today.
October 1, 2005... The indefinite strike would continue till the owners get assurance from the government that it would not impose the decision, Tanker Lorry Owners Association president, Ashraff, told PTI. Ashraff said the association had held talks with the...

Kolkata, Oct 1 (PTI) Claiming to have the hightest profit growth in the paints industry, Berger Paints (I) Ltd plans to substantially augment its production capacity from its new plant in Jammu.
October 1, 2005... Berger Paints Managing Director Subir Bose said at a press conference here today that the company ended 2004-05 with a turnover of Rs 948 crore, while the projection had been made for reaching a target of Rs 1,100 crore in the current fiscal....

Washington, Oct 1 (PTI) A US court has permitted the Department of Labour to bar a health insurance firm run by an Indian-American from offering employee benefit plans following alleged irregularities in its schemes.
October 1, 2005... The federal district court in Greenbelt, Maryland, has given consent to permanently bar Maruthi S Manney, the president of 'SAI Plus', from serving as a trustee or doing business with any employee benefit plan governed by Federal Benefits Law,...

Shopian (J-K), Oct 1 (PTI) Jammu and Kashmir Chief Minister Mufti Mohammad Sayeed today said he was moved by the story of a family that has crossed over to the state from Pakistan-occupied Kashmir recently and they are being treated properly.
October 1, 2005... "I am moved by the story of the family. They are being treated well," Sayeed told reporters when asked about the family which has crossed over to the state from across the border in Poonch district last month. Shabir Hussain, a former...

New Delhi, Oct 1 (PTI) Indian team will take part in the International Women's Football tournament beginning at Vietnam tomorrow.
October 1, 2005... India will play their first match against Cua Ong province of Vietnam tomorrow. It's ties against other two teams -- Chinese Taipei and the hosts Vietnam -- are slated on October 5 and 7, according to an All India Football Federation...

New Delhi, Oct 1 (PTI) Saba Anjum's brace helped a rusty Indian side edge past a fighting Malyasia 2-1 in the opening match of Indira Gandhi Gold Cup hockey tournament for women here today.
October 1, 2005... It was a game of lost oppurtunites for India as they converted only one out of the eight penalty corners and also wasted a penalty stroke. The hosts were also disorganised in their attack and many a scoring opurtunities went abegging as...

Chennai, Oct 1 (PTI) Tamil Nadu circle of the public sector BSNL will invest Rs 500 crore on mobile telephone segment this year, its Chief General Manager K Sridhara said.
October 1, 2005... The entire investment on mobile segment would be recovered within one year since there was popular demand for the BSNL mobile connections in the state, he told newsmen this evening. Against the installed capacity of 6.2 lakh connections,...