New Delhi

BJP wants to win Delhi polls through TV screen: Kejriwal

BJP wants to win Delhi polls through TV screen: Kejriwal

New Delhi, Feb 7 : Aam Aadmi Party (AAP) chief Arvind Kejriwal on Saturday alleged that the Bharatiya Janata Party (BJP) wants to win the elections through the TV screen and not working at the ground level.

"I would like to appeal to the people of Delhi that now various rumors would be spread. The people are aware that one is a party that wants to win the elections through the TV screen and the other party wants to fight elections by approaching the people by going to their homes," Kejriwal told the media here.

Earlier in the day, BJP's chief ministerial candidate Kiran Bedi shared a video with the media showing a lady accusing Aam Aadmi Party of intimidating her to not vote for the saffron party.

Essel Group to set up solar parks in Rajasthan for Rs 4,000-cr

Essel Group to set up solar parks in Rajasthan for Rs 4,000-cr

New Delhi - Essel Group has signed an initial agreement with the Rajasthan government for setting up solar parks at Bikaner and Jaisalmer at a total investment of Rs 4,000 crore.

"Essel Group has signed a Memorandum of understanding (MoU) with the Government of Rajasthan to develop Solar Park at Bikaner and Jaisalmer with the total investment of Rs 4,000 crore," the company said in a statement.

The group is also interested in developing major infrastructure projects in the state for verticals like roads and waste to energy, the statement said adding, going forward, Essel group will explore and endeavour to setup manufacturing facility for solar PV module in future.

Media Tek keen on expanding business in India

Media Tek keen on expanding business in India

New Delhi: Taiwan-based electronic chip firm Media Tek's Chairman MK Tsai on Friday met Telecom Minister Ravi Shankar Prasad and expressed keen interest in expanding presence in the country.

"Media Tek chairman (MK Tsai) shared his commitment to make technology more accessible for people. He was encouraged by the great market potential that India holds in the field of technology and high tech services. He share with the Minister that Media Tek is keen on expanding its presence in India," an official statement said.

Media Tek makes electronic chips that are used mostly in low-priced phones. It does not own any chip manufacturing facility but designs chips and gets product made from vendors.

PM Modi to preside over first NITI Aayog meeting today

Narendra Modi

New Delhi, Feb. 6 - Prime Minister Narendra Modi will today preside over the first meeting of the newly constituted National Institution for Transforming India (NITI) Aayog.

According to reports, it is expected that he will consult with experts on ways to give the economy a much needed boost as his government gets set to present its first full-fledged general budget at the end of the month.

Finance Minister Arun Jaitley and experts, including Mukesh Butani, Nitin Desai, Parthasarathi Shome are expected to be present at the meeting.

The government has invited suggestions on the forthcoming budget.

Xiaomi violating HC order, claims Ericsson in High Court

Xiaomi violating HC order, claims Ericsson in High Court

New Delhi - Swedish telecom firm Ericsson on Thursday claimed in Delhi High Court that Chinese mobile phone maker Xiaomi Technology was violating its interim order by selling handsets which do not have chipsets of Qualcomm Incorporated.

The counsel for Telefonaktiebolaget LM Ericsson told Justice Jayant Nath that Xiaomi was violating a division bench order of the court, allowing the Chinese company to sell and import till today (February 5) only those handsets which have Qualcomm processors.

"Xiaomi is selling handsets based on non-Qualcomm chipsets through a website called www.Xiaomishop.Com," senior advocate Pratibha M Singh told the court.

Amit Shah accuses AAP of having received 'black money' donation

Amit Shah accuses AAP of having received 'black money' donation

New Delhi, Feb 5 : Bharatiya Janata Party (BJP) president Amit Shah today accused the Aam Aadmi Party of having received black money donations.

"The donation which comes in the dark night is black money. And [Kejriwal] asks to investigate and put him in the jail. He is aware that investigation is not possible till February 7," Amit Shah said while addressing a rally today in Madanpur Khadar area of the national capital.

Shah further criticised the AAP for failing to deliver any promises.

"This election is based on two ideologies. One is that who delivers what it says, and the other who does not do anything what it says," Shah said.

"I have never seen such politics in my life. The AAP never delivers what it says," he added.

Gold price drops Rs 180 on low demand, global cues

Gold price drops Rs 180 on low demand, global cues

New Delhi: Gold prices on Tuesday fell by Rs 180 to Rs 28,270 per ten gram at the bullion market, snapping its two-day rising streak, as demand from jewellers and retailers eased at prevailing levels amid a weak global trend.

Silver, however, recovered by Rs 450 to Rs 38,450 per kg on increased offtake by industrial units and coin makers.

Traders said besides fall in demand at existing levels from jewellers and retailers at domestic markets, a weak global trend as investors weighed prospects for higher US interest rates mainly kept pressure on gold prices.

Gold in New York, which normally sets price trend on the domestic front, fell 0.72 percent to USD 1,273.80 an ounce in yesterday's trade.

Micromax tops Indian smartphone market ranking; Samsung cries foul

Micromax tops Indian smartphone market ranking; Samsung cries foul

New Delhi: Samsung has been dethroned as the nation's largest smartphone vendor by homegrown handset maker Micromax, research firm Canalys said, but the Korean giant disputed this saying it still remains at the top.

Micromax has captured 22 percent share in the India smartphone market in terms of shipment in the October-December 2014 quarter. Samsung was pushed to the number two slot with 20 percent share, as per the Canalys report.

However, Samsung refuted the Canalys report saying it had 34.3 percent market share in the Indian smartphone market as per GfK data, which is based on actual sales numbers, putting it ahead of the domestic rival.

'Salaries of CEOs to rise over 10% this year'

'Salaries of CEOs to rise over 10% this year'

New Delhi - Salaries of top executives are likely to see double digit rise this year with compensations of CEOs and Managing Directors expected to grow by 10.2 percent and of those in senior management by 10.5 percent.

According to global management consultancy Hay Group, compensation of CEOs and MDs are expected to grow by 10.2 percent in 2014-15, slightly higher than 10 percent in 2013-14, and senior management members are set to see a 10.5 percent rise in their pay, up from 10.4 percent last year.

As per the annual Top Executive Compensation Report 2014-15, benefits are increasingly becoming smaller components in the overall compensation structure as organisations are moving towards a cash based renumeration structure.

India needs to grow at 7-8% a year: Sinha

Minister of State for Finance Jayant Sinha

New Delhi - India needs to grow at 7-8 percent a year to create more job opportunities for young people and double the size of the economy in 10 years, Minister of State for Finance Jayant Sinha said.

"We want to put India on sustainable non-inflationary growth trajectory of 7-8 percent growth. We need to have 7-8 percent growth to provide employment to young people that join workforce every year," Sinha said at 15th Delhi Sustainable Development Summit Wednesday.

"7-8 percent growth will double size of economy in the next 10 years. For this we need to build our productive capacity, but also need to ensure that our growth is sustainable," he added.

The minister also stressed upon need to protect the environment.

ONGC receives Golden Peacock award for CSR excellence

ONGC chief CSR Alok Misra

New Delhi, Feb. 4 - The Oil and Natural Gas Corporation Limited (ONGC) has bagged the prestigious Golden Peacock award for Corporate Social Responsibility for 2014.

The ONGC has been declared the winner in the oil and gas category.

The award was presented by Baroness Verma, Minister for Energy and Climate Change, Government of U.K., and Rajashree Birla, the chairman of Aditya Birla Centre for Community Initiative and Rural Development, Aditya Birla Group, in a recent event in Mumbai.

ONGC chief CSR Alok Misra received the award.

Established in 1991, the Golden Peacock awards are regarded as a competitive benchmark of corporate quality and excellence.

IMF, Supporting, Economic Growth, Nepal

International Monetary Fund

New Delhi, Feb.3 - The International Monetary Fund (IMF) is creating conducive economic policy making environment for economic growth in Nepal.

It has been playing an active role in giving a major push to Nepal's economy which has shown signs of improvement recently. Years of political instability took a heavy toll on the economy of one of the most poorest countries of the world.

The IMF is an organization with 188 member countries. The main aim is to foster economic growth by lending money, providing macro-economic assessment and technical assistance to the governments and central banks of the member countries.

RIL raises $750 million from overseas market

Reliance IndustriesNew Delhi: Reliance Industries on Wednesday said it has raised USD 750 million (about Rs 4,624 crore) through issue of bonds to global investors in the overseas markets.

This is the second time within a few days that the Mumbai-based firm has hit the forex debt market. "Reliance Industries has priced a Rule 144A/Regulation S offering of USD 750 million 4.875 percent Senior Unsecured Notes due 2045," it said in a statement.

Vodafone CEO Colao discusses 'Digital India' with R.S. Prasad

New Delhi, Feb. 4 - The Chief Executive Officer (CEO) of UK-based telecom major Vodafone, Vittorio Colao, met Union Minister for Communications and Information Technology Ravi Shankar Prasad, and discusses Digital India project.

Colao told Prasad that Vodafone could play an important role in providing the last mile connectivity by improving its network and building broadband penetration.

"It was an excellent meeting. We have very good alignment on the 'Digital India' project. We think we can have a great role on Digital India," said Colao.

Delhi polls: Kejriwal assures permanent housing to slum dwellers

Arvind KejriwalNew Delhi, Feb 3 : Aam Aadmi Party (AAP) chief Arvind Kejriwal on Tuesday assured that if his party were to win the upcoming assembly polls in Delhi, it will provide permanent houses to the slum-dwellers in the city.

"During my rule of 49 days, I did not allow even single 'jhuggi' to be demolished. We are coming to power for years and in that period, I will not demolish even a single 'jhuggi'. There are five lakh 'jhuggis' in Delhi and we will make five lakh permanent houses," Kejriwal said while addressing a rally in the Trilokpuri area in the city.

Petrol, Diesel prices slashed by over Rs 2

Petrol, Diesel prices slashed by over Rs 2New Delhi, Feb 3 : Petrol and diesel prices have been slashed across the country by Rs 2.42 per litre and Rs 2.25 a litre respectively.

The revised prices will come into effect from February 3 midnight.

Petrol in New Delhi will now cost Rs 56.49 a litre, while diesel will cost Rs 46.01 per litre.

The state-run Indian Oil Corporation (IOC) has stated that the latest reduction in fuel prices was done due to the lowering of crude prices globally and the appreciation in rupee-dollar exchange rate.

This is the third time this year that the prices of both petrol and diesel have been reduced. (ANI)

'It is our responsibility to rectify 16 years of mistakes': PM Modi

PM ModiNew Delhi, Feb 3 : Attacking the Congress and the Aam Aadmi Party, Prime Minister Narendra Modi on Tuesday said both parties had ruined Delhi in the last 16 years and it was now the BJP's responsibility to rectify past mistakes.

"Congress ruined your 15 years, then there was a temporary party-they ruined the city for a year, now it's our responsibility to rectify the mistakes of 16 years," Prime Minister Modi said at a rally in Rohini.

The Prime Minister added that the national capital should be governed by those with experience.

Vodafone India applies for payment bank licence

Vodafone IndiaNew Delhi: Vodafone India on Tuesday said it has applied for a payment bank licence and is exploring options for partnerships for the proposed banking venture.

"Vodafone has filed an application with Reserve Bank of India (RBI) for the Payments Bank licence. We are exploring options for partnerships," the company said in a statement.

Corporates, including RIL, Aditya Birla, Bharti Airtel and Future Group, are among at least a dozen entities that have also sought licence from RBI to set up payment or small finance banks, two niche banking models introduced to push financial inclusion and saving habits.

PNB net profit up 2.5% to Rs 775 crore

New Delhi - Punjab National Bank on Tuesday posted a marginal 2.5 percent increase in net profit to Rs 774.56 crore for its third quarter ended December 31, on account of higher provisioning for bad loans.

The country's second largest public sector bank by assets had reported net profit of Rs 755.41 crore for the October- December quarter of the 2013-14 financial year.

Poor performance of the bank pulled its share price down by nearly 7 percent to Rs 179.20 on the BSE after the numbers were announced.

As far as PNB's asset quality is concerned, gross NPAs as a percentage to total advances rose to 5.97 per cent from 4.96 per cent in the same quarter an year ago.

'Desperate' Kejriwal making false promises to people: Sheila Dikshit

Sheila DikshitNew Delhi, Feb 2 : Former Delhi chief minister and senior Congress leader Sheila Dikshit on Monday said that Aam Aadmi Party (AAP) chief Arvind Kejriwal is making false promises to the people of Delhi in desperation and added that he would do anything to gain votes.

"I think this is a sign of his desperation. He is very desperate. He has been very disappointed with himself that he gave away the chief ministership. So, in despair, he is saying I will do anything but give me the vote," said Dikshit.

The AAP has in its manifesto for the assembly polls made over 70 promises to the people of Delhi.

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