Today's Top Headlines - IndiaeNews.com

Sigh of relief as bank strike called off Posted: 24 Feb 2008 11:32 PM CST The calling off of the two day bank strike by the unions led to a sigh of relief from the common man Monday.

Airport employees threaten strike over privatisation Posted: 25 Feb 2008 02:02 AM CST Services at all 135 airports in India may be affected from Tuesday as over 18,000 airport employees across the country threatened to strike work indefinitely protesting privatisation of airports.

Shah Rukh to play 'Spiderman' for son Posted: 25 Feb 2008 04:02 AM CST After getting six-pack abs to please his son, Bollywood superstar Shah Rukh Khan has another dream for the boy. He wants to do an Indian version of the 'Spiderman' as a gift to Aryan who is a big FX and SRK fan.

Aishwarya's world tour with Abhishek, Amitabh begins in July Posted: 24 Feb 2008 11:31 PM CST The 'unforgettable' Bachchan concert tour featuring Amitabh Bachchan, Abhishek, Aishwarya and with Jaya probably being coaxed for a friendly appearance, will begin this July.

Gujarat to connect 16,000 villages through broadband Posted: 25 Feb 2008 07:31 AM CST After launching Jyotigram Yojana which aims at supplying electricity to all villages, Gujarat is planning another ambitious project to provide broadband links to its rural areas.

Aruba Hotel and Tourism Association Selects Avani Cimcon Technologies Posted: 25 Feb 2008 12:09 AM CST The Aruba Hotel and Tourism Association (AHATA) announced that they have awarded Avani Cimcon Technologies the contract to build their next generation destination portal.

After two years of surplus, deficit looms over Gujarat Posted: 25 Feb 2008 09:02 AM CST The Narendra Modi government Monday announced its decision to mobilise Rs.8.8 billion ($220 million) by levying additional tax in 2008-09, ending a two-year no-tax budget regime since 2006-07.

Opto Circuits to buy US medical firm for $70 mn Posted: 25 Feb 2008 11:01 AM CST Leading Indian healthcare equipment maker Opto Circuits is acquiring Criticare Systems Inc, the US-based mid-size medical equipment firm, for $70 million (Rs.2.8 billion) in an all-cash deal.

Kerala IT firm provides solution to Axis Bank Posted: 25 Feb 2008 04:01 AM CST Axis Bank (formerly UTI Bank) has accepted a pricing and billing software solution prepared by Kerala's leading IT solutions company SunTec.

Opto Circuits to buy US healthcare firm Posted: 25 Feb 2008 07:03 AM CST City-based Opto Circuits Ltd (OCL) announced Monday that it has agreed to acquire US-based Criticare Systems Inc for $70 million (Rs.2.8 billion).

CineMaya to take over DD India's Direc TV channel Posted: 25 Feb 2008 03:30 AM CST CineMaya Media Group, which has been providing media content to North America and South Asian since it was founded in 2000, launched a television channel, India Plus, here Saturday. It will beam Doordarshan India's Direc TV contents across the globe.

HDFC Bank will buy Centurion Bank for over $2 billion Posted: 25 Feb 2008 06:00 AM CST In what would be India's biggest financial sector takeover, HDFC Bank, the country's third-largest bank by market value, said it would acquire Centurion Bank of Punjab Ltd for about Rs.95.1 billion ($2.38 billion).

West Bengal to appoint foreign experts for Nayachar study Posted: 25 Feb 2008 04:30 AM CST The West Bengal government is trying to rope in some foreign experts to conduct a feasibility study for the proposed chemical hub at Nayachar Island in the East Midnapore district of West Bengal.

Banks open as employees defer two-day strike Posted: 25 Feb 2008 02:03 AM CST The All India Bank Officer's Association (AIBOA) have deferred their two-day strike till Monday afternoon when they will meet the Indian Banks Association (IBA).

Bank unions call off two-day strike Posted: 25 Feb 2008 03:31 AM CST A two-day strike planned by 900,000 employees of all major banks in India to protest the proposed amalgamation of the State Bank of India (SBI) with its associates was called off Monday, much to the relief of customers and the financial system at large.

ONGC to raise stake in Cambay offshore oilfield Posted: 25 Feb 2008 11:32 AM CST State-owned petroleum major Oil and Natural Gas Corp Ltd (ONGC) will raise its stake in an oilfield in the Gulf of Cambay off India's northwest coast, it said in a statement.

Airport employees call off indefinite strike Posted: 25 Feb 2008 12:00 PM CST Airport employees called off their indefinite strike late Monday evening after the government said it will address their demands that include pay hikes, better working conditions and stopping privatisation of airports.

Government to meet Goa's SEZ developers Posted: 25 Feb 2008 04:01 AM CST The central government will hold discussions with 12 of Goa's special economic zone (SEZ) developers. The state government has recommended the scrapping of these SEZs.

Six Reliance employees drown in Raigad Posted: 25 Feb 2008 05:01 AM CST Six employees of Reliance were killed during a picnic Monday when they went out of their depth in the sea at Digha beach in neighbouring Raigad district, around 150 km from here, police said. Two of the victims were women.

Rs.2.4 mn found with Congress leaders in Meghalaya Posted: 24 Feb 2008 11:31 PM CST The ruling Congress party in Meghalaya is in the eye of a storm ahead of assembly elections after Election Commission (EC) officials found a whopping Rs.2.4 million in a hotel room. Senior Congress leader Margaret Alva was staying in the same hotel and was in the room when EC officials searched it.

BJP plans inroads into Uttar Pradesh's Bundelkhand region Posted: 25 Feb 2008 03:32 AM CST Close on the heels of its political rivals, the Bharatiya Janata Party (BJP) is gearing to make inroads into the poverty-ridden Bundelkhand region of southern Uttar Pradesh.

Bombay Stock Exchange buys stake in commodity exchange Posted: 25 Feb 2008 12:01 PM CST The Bombay Stock Exchange (BSE) has picked up 26 percent stake in Ahmedabad-based National Multi-Commodity Exchange of India Ltd (NMCE) for about Rs.1 billion ($25 million).

India will sustain high growth with low inflation: Patil Posted: 25 Feb 2008 04:02 AM CST With inclusive growth as the core strategy, India will sustain the high economic expansion seen since 2004 while keeping inflation in check, President Pratibha Patil told parliament Monday.

Microbicide gel with AIDS drug marks vital success Posted: 25 Feb 2008 09:01 AM CST The world's first microbicide gel for women with an AIDS drug has successfully crossed Phase II trials in three places including India, holding out promise of an effective method to prevent transmission of the deadly health condition.

Government approves 10 more special economic zones Posted: 25 Feb 2008 12:01 PM CST The union government Monday granted formal approval to 10 special economic zones (SEZs), including one of Videocon Reality and Infrastructure Ltd in West Bengal, a state that has experienced protests over SEZs.

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