India News

Law Minister denies attempt to save Quattrocchi

Law Minister denies attempt to save QuattrocchiNew Delhi, Apr 28: Union Law Minister H R Bhardwaj on Tuesday dismissed BJP leader L K Advani''s allegation that the Central Bureau of Investigation (CBI) was working at the behest of the United Progressive Alliance (UPA) Government and clarified that no attempt has been made to save Italian businessman Ottavio Quattrocchi, the lone surviving suspect in the Bofors payoff case.

We need to undertake challenge of providing gainful employment: Ansari

We need to undertake challenge of providing gainful employment: AnsariNew Delhi, Apr 28: Vice President M. Hamid Ansari on Tuesday acknowledged an immediate need to undertake the challenge of providing gainful employment to millions of youth, who are in need of it.

Addressing the ''JRD Tata Young Entrepreneurs Awards'' at the Conference on ''Entrepreneurship - A Solution to Youth Unemployment'' organised by Bharatiya Yuva Shakti Trust, here today, Ansari said: "We need to comprehend the dimensions of the problem of youth unemployment."

Britannia Industries inks pact with Mauritius-based firm to acquire stake

britanniaThe 117-year-old biscuit major Britannia Industries has entered into an agreement with Fonterra Brands (Mauritius Holding) Ltd, Mauritius, for acquiring the latter's 49% Equity and Preference shareholding in Britannia New Zealand Foods Pvt. Ltd (BNZF), their joint venture company engaged in Dairy business.

With this acquisition, Britannia along with its wholly owned subsidiary will hold the entire equity and preference capital of BNZF. The acquisition is subject to Reserve Bank of India approval.

Biocon Q4 net profit plunges 61%

BioconBiocon Ltd, a fully integrated healthcare company that delivers innovative biopharmaceutical solutions, has registered 61% decline its net profit to Rs 24.14 crore for the fourth quarter ended March 31, 2009, against Rs 62.03 crore reported during the same quarter ended March 31, 2008.

In addition, company's total income for the quarter has also increased to Rs 239.84 crore from Rs 236.71 crore during the same quarter in 2007-08.

For the financial year ended March 2009, the company posted a net profit after tax of Rs 111.81 crore, down 74 per cent against Rs 434.94 crore in FY'08.

Vinod Khanna campaigns in a train

Vinod Khanna campaigns in a trainGurdaspur (Punjab), Apr 28 : Ahead of the last three phases of general elections, the nominees of various parties are trying to woo the voters with every possible trick up their sleeves.

For instance, the actor-turned-politician Vinod Khanna and a candidate of the Bharatiya Janata Party (BJP) from Gurdaspur in Punjab campaigned in a train.

The veteran actor has been elected thrice from the Gurdaspur constituency as BJP''s nominee.

Khanna said that he canvassed for votes by travelling in a train since he was keen to learn about the grievances of the commuters.

Bofors case: Quattrocchi no longer on CBI''s most wanted list

Bofors case: Quattrocchi no longer on CBI''s most wanted listNew Delhi, Apr 28 : The Central Bureau of Investigation (CBI) has removed the name of the lone surviving suspect in the Bofors payoff case Ottavio Quattrocchi from its list of most wanted persons.

The 12-year Interpol Red Corner Notice against the Italian businessman, has been removed from the "Interpol Notices" section of CBI''s website.

The agency''s decision is based on the legal advice of the Attorney General Milon Banerjee. On October 28, last year, Banerjee had described the RCN as " a continued embarrassment."