In yet another incident displaying lack of coordination at the Mumbai airport, a major collision between a Jet Airways flight and an Indigo aircraft was averted on Wednesday night. The Jet Airways pilot aborted landing on seeing the Indigo flight on the runway. The Director General of Civil Aviation, however, claimed that it was not a “near-miss” but a “runway incursion”.

Distancing the Shiv Sena from the BJP’s stand on the caste-based Census, Bal Thackeray on Thursday opposed it. However, ironically Mr Thackeray not only opposed the caste-based Census, but also went on to criticise the formation of lingual states in the country. The Sena supremo, whose party has survived over the last four decades as a champion of the “Marathi” cause was of the opinion that the linguistic divides caused fissures in the country.

Truck and car maker Tata Motors has seen a turnaround in its fortunes. The company has posted a consolidated net profit of Rs 2,571 crore for FY10, against a loss of Rs 2,505 crore for the earlier year.

Lower price of crude oil has helped oil marketing major Bharat Petroleum post better numbers for FY10, even as the government cut subsidy support to the firm.
BPCL recorded a net profit of Rs 1,720 crore for FY10 versus a net profits of Rs 724 crore in the year before. Profits for the fourth quarter were lower during FY09 as bulk o

European markets received a boost on Thursday after China said that it would maintain part of its foreign reserve in Euro zone bonds.
This boost to the European markets, coupled with short covering of open positions in India pushed up the Sensex for the second day.

Khazanah, the bidder for Parkway, is an emerging category of investors known as sovereign wealth funds.
A sovereign wealth fund is a state owned investment fund with a mandate to invest in stocks, commodities and other assets. SWFs have become a major source of c

Mahindra United bid adieu to professional football in style, defeating JCT 2-1 in their final I-League encounter at the Cooperage here on Thursday. First half goals from Sukhwinder Singh (33rd minute) and Paresh Shivalkar (43rd) gave the Mumbai outfit a 2-0 advantage at half time.

Despite India’s underwhelming performance in the World T20 Championships in West Indies recently, Sachin Tendulkar feels that the current bunch are more than adequate to make amends, and that there was no need for him to turn out for India in the shortest version of the game.

The Indian markets once again mimicked the global markets that witnessed a terrific bounce back. The Sensex wiped out quite a bit of its Tuesday losses and closed up 365.36 points at 16,387.84. The Nifty crossed the 4,900-mark to close at 4,917.4, up 110.65 points.

In what can put grooms’ families on the back foot as far as demanding dowries are concerned, the family of a girl, in a brilliant move, captured the dowry demands of the boy’s family with the help of four spy cameras. They then lodged a complaint with the Mulund police on Tuesday night, after which the boy and his father were arrested for breach of trust and cheating.