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News from May 2009

IOC’s Net in Q4 fiscal 2009 at Rs 6,622.96 cr

The nation’s largest oil firm Indian Oil Corp on Friday reported a net profit of Rs 6,622.96 crore in the fourth quarter of 2008-09 propelling the company to end the fiscal in black. IOC had posted a net loss of Rs 7,047 crore in Q2 and a net profit of Rs 415 crore in Q1 [...]

Exporters to get help in Budget, says new Com minister

The government will unveil measures in the Budget for helping exporters who are hit hard by recession in the developed economies, new Commerce and Industry Minister Anand Sharma said. “We shall look at the possibilities for more incentives. I will be discussing with the Finance Minister…some measures which will be announced in the next Budget,” [...]

Rajapaksa says he will devise ‘homegrown’ political solution

Fresh from his victory against the LTTE, Sri Lankan President Mahinda Rajapaksa has said his government will devise a “homegrown” political solution to resolve the decades-old ethnic problem in the country. He invited Indian industrialists to come and contribute to the development of Sri Lanka especially since the security atmosphere will see a radical transformation [...]

Death toll from Iran mosque bombing up to 23: reports

The death toll from a suicide bomb attack on a crowded Shiite mosque in the southeastern Iranian city of Zahedan has risen to 23, the news agency said on Friday. Mohammad Gholami, the head of the local Martyrs’ Foundation, told that 23 people were killed in Thursday’s attack on the Amir al-Momenin mosque in Zahedan, [...]

Middle East crisis an impediment to host of issues: Obama

US President Barack Obama has said that the absence of peace between Israel and Palestine is an impediment to a whole host of other areas of increased cooperation and more stable security for people in the region as well as the United States. This is the reason why he is aggressively pushing for a lasting [...]

Karuna appoints Stalin as Tamil Nadu Deputy CM

Long groomed as his heir to the Chief Minister’s throne and to head the DMK, Karunanidhi on Friday appointed his son M K Stalin as the Deputy Chief Minister of Tamil Nadu. The DMK chief, who appointed his 55-year-old son to be his deputy, entrusted to him the portfolios of Industry, General Administration, District Revenue [...]

Rural development, NREGA at grassroots top priority: C P Joshi

Ensuring proper security to volunteers involved in social audit and implementation of NREGA at the grass-root level would be among the priorities of the new minister for rural development C P Joshi, who assumed office in New Delhi today. Speaking to reporters soon after taking over as the minister at his office in Krishi Bhavan, [...]

Girls outshine boys in Class X CBSE exam; Parnil is topper

Girls outshone boys in the Class X examination conducted by CBSE in which around 89 per cent of over eight lakh students cleared the test with Parnil Singh from Vishakhapatnam emerging as the topper. A total of 8,15,400 students appeared in the Central Board of Secondary Education examination held in March. The overall pass rate [...]

Centre to strive for implementing Sachar panel report : Pranab

The new government at the Centre will strive to fully implement the Sachar Committee recommendations for the welfare of the minorities, Union Finance minister Pranab Mukherjee said. “Centre will do its best to fully implement the Sachar Committee recommendations for the minorities,” Mukherjee, who has been renominated as Leader of Lok Sabha, said while thanking [...]

Dhoni hopeful of defending World T20 title

Indian skipper Mahendra Singh Dhoni on Friday admitted that cricketers were tired after a hectic IPL but said he had a balanced team which could defend the title in the World Twenty20 Championships, beginning on 5th June in England. Dhoni also said the just-concluded Indian Premier League extravaganza in South Africa was more beneficial for [...]

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News from May 2009

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