In yet another case of daring daylight robbery, four unidentified armed assailants struck at a trader’s shop in northwest Delhi on Wednesday afternoon by holding four staff members hostage at gunpoint and allegedly looting Rs 22 lakhs.

Shiv Sena chief Bal Thackeray on Tuesday said that with “the IPL fraud”, Union agriculture minister Sharad Pawar’s political career has taken a major hit. Mr Thackeray claimed that the Congress is using the IPL to marginalise Mr Pawar’s influence in the national politics as well as in Maharashtra and there will be new allegations hurled at Mr Pawar every day on the behest of the Congress.

Hindalco, the Rs 60,722 crore flagship company of the Aditya Birla group said that it is scouting for copper mines and was close to getting one.
While, he declined to reveal any details, Mr D. Bhattacharya, MD of Hindalco said 40 per cent of their requirement of concentrate comes from their own mines and they w

The Army on Tuesday ordered a court of inquiry to investigate allegations of sexual misconduct against its engineer-in-chief, Lt. Gen. A.K. Nanda, by the wife of a subordinate officer of the rank of colonel.

Indian’s have always been notorious gold bugs, but the fever now seems to be spreading. As stock markets, banks and even governments wobble, more and more investors are finding solace in gold.

Union law and justice minister M. Veerappa Moily said on Tuesday, a day after the Bhopal gas tragedy judgment, that the case against former Union Carbide chief Warren Anderson was not over and that he can be brought back and tried. He, however, refused to discuss the implications of the verdict on the current debate over the Civil Nuclear Liability Bill.

Gold prices touched another high on Tuesday, when they crossed Rs 19,000/10 gms in Delhi and Mumbai bullion markets.
Prices of the yellow metal had crossed the 19k mark in Delhi earlier, but it is a first for Mumbai. Internationally too, gold prices touched an all time high of $1,254.3/ounce before slipping back a bit.

The Delhi government is planning to draft the new Municipal Corporation of Delhi Act in six months through which it intends to end the inspector raj in sanction of building plans. The new law, which will replace the Delhi Municipal Corporation Act, 1957, will enforce time-bound completion of development work.

The Union finance minister, Mr Pranab Mukherjee, on Tuesday indicated that there would be a further roll back of the stimulus package as there are positive signs of economic growth not only in GDP but also in international trade. Both exports and imports in the non-oil sector (chemical goods) registered a positive growth for six consecutive months since November.

Delhi MLA Dayanand Chandila, who represents Rajouri Garden Assembly seat, his son Megh Raj Chandila and two supporters were on Tuesday sentenced to three years’ rigorous imprisonment by a Delhi court for attempting to kill a person following a dispute relating to money lending nearly seven years ago. The court, however, granted them bail.