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Metro cuts Gurgaon trip to 27 min

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The Delhi Metro made its entry into Gurgaon on Monday, fulfilling the residents’ long-awaited desire for a quick, convenient ride. However, the Qutab Minar-Gurgaon Metro link opening was marred by the theft of signalling cable between two stations by unidentified persons, leading to a delay in train services for some time.

Amby firm on takeover buzz

Shares of the troubled Hindustan Motors spiked nearly 20 per cent on the BSE on Monday amid reports that several foreign auto majors are eyeing a stake in one of the country’s oldest carmakers.

TVS shelves electric scooters

Chennai-based TVS Motor Company says it has put its electric vehicles production plans on hold due to lukewarm response from the market.
The company has shelved plans to launch electric three-wheelers and stopped production of battery

Deora for low VAT on fuel

The Union petroleum minister, Mr Murli Deora, has written to the chief ministers requesting them to bring down VAT on petrol and diesel so that the common man can get these products at cheaper rates.

India opposes tax on banks

Ahead of the G20 meet in Toronto, India has made its stand clear that it favours tighter norms rather than taxes on banks to prevent future failures of the financial institutions.

Base rate to hover at 8%

Most bankers have indicated that they will keep their base rate between 8 and 8.5 per cent, up to 5 percentage points lower than the existing prime lending rate.
The bankers said this even as they awaited a clarification from the RBI on concessional loans, such as farm credit.

IRDA norms on the anvil

The insurance regulator IRDA is planning to come out with new norms for unit-linked insurance products (Ulips) after the government decided that the Insurance Regula-tory and Development Authority (IRDA) would have jurisdiction over Ulips.

GoM pushes for fresh SC plea, Bhopal cleanup

The Group of Ministers on the Bhopal gas tragedy, which held its last meeting here Sunday and will submit its report to Prime Minister Manmohan Singh on Monday, will recommend filing of a curative pet

NAC to study Rahul idea: Can flagship schemes be outsourced to pvt sector?

AICC general secretary Rahul Gandhi has thrown up an interesting idea — to examine if implementation of the UPA’s flagship social sector programmes could be outsourced to private entities on a commiss

Heat tightens its grip over North India

Blistering heat continued its surge across North India on Sunday affecting normal life in Rajasthan which was the hottest with the mercury soaring above 48ºC at many places keeping people indoors as D

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