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  • July 13, 2014
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  1. News - Asia - INDIA

    Narendra Modi boosts Indian defence spending by 12pc in first budget

    Posted Jul 10th 2014, 11:17pm by AFP

    ... the defence industrial base dominated by state firms. "Companies controlled by foreign governments and the foreign private sector are supplying our defence requirements to us at considerable ...

  2. News - Asia - INDIA

    Indian construction firm bosses held after fatal housing project collapse

    Posted Jun 29th 2014, 06:55pm by AP

    ... in southern India have detained two construction company directors as rescuers using gas cutters and shovels searched for workers buried in the rubble of a building that collapsed during monsoon ... challenge. It may take two to three days to clear the rubble," said S.P. Selvam, who is heading the rescue operation. Police said two directors of the construction company, Prime Sristi, had ...

  3. News - Asia - INDIA

    At least 16 killed in pipeline explosion in Indian state of Andhra Pradesh

    Posted Jun 27th 2014, 11:27pm by AFP

    ... 15 people were taken to hospital with injuries from the pre-dawn explosion, the company said, while the cause of the blast was not yet known. "We are currently focused on rescue ... and distribution company and the damaged pipeline is used to transport pressurised natural gas for a power plant. The Times of India newspaper said villagers had complained of negligence as the pipeline ...

  4. News - Asia - INDIA

    Coca-Cola plant in India closed by pollution authority

    Posted Jun 19th 2014, 10:37pm by AFP

    ... beyond the permissible limits." The company has appealed against the closure order to India's environment court, the National Green Tribunal, saying the allegations are false. Hindustan ... that it was confident the courts would find that it had acted in the "best interests of the communities we serve". The company hit a hurdle earlier this year when local authorities said they would ...

  5. News - Asia - INDIA

    Power cuts amid heatwave sparks riots in Indian state of Uttar Pradesh

    Posted Jun 08th 2014, 05:33am by AP

    ... Associated Press in Lucknow Power cuts amid heatwave spark riots Thousands of people enraged by power cuts during an extreme heatwave have been rioting across northern India, setting electricity substations on fire and taking power company officials hostage, officials said yesterday. The impoverished state of Uttar Pradesh has never had enough power for its 200 million people- ...

  6. News - Asia - INDIA

    End of the road for India's iconic Ambassador car

    Posted May 26th 2014, 05:08am by AFP

    ... on Britain's long-defunct Morris Oxford- at the Uttarpara plant in West Bengal since 1957. "It is being done to ensure the company doesn't bleed more money and to enable us to draw plans for its revival," a senior official said yesterday. The company informed the Bombay Stock Exchange in a letter on Saturday, citing "very low productivity, growing indiscipline, critical ...

  7. News - Asia - INDIA

    Billionaire Nandan Nilekani tells Bangalore voters he can't be bought

    Posted Apr 16th 2014, 10:47pm by WASHPOST

    ... The Washington Post in Bangalore India's richest candidate for parliament strolls IT capital promising to shake up corrupt system Billionaire on the Bangalore beat He is the richest candidate running in India's national election, with a personal fortune of over US$1.2 billion. He co-founded one of the nation's best-known IT companies, Infosys. At 58, Nandan Nilekani ...

  8. News - Asia - INDIA

    Sahara employees help to raise 300b rupee bail for Subrata Roy

    Posted Mar 31st 2014, 05:31am by AFP

    ... the financial giant's chief Subrata Roy from prison, company officials say. Roy, 65, was sent to New Delhi's Tihar jail on March 4 over a case involving the repayment of billions of dollars ... there were "serious doubts about the existence" of the investors. That fuelled long-running allegations the company may have been engaged in money-laundering for rich politicians. Sahara ...

  9. News - Asia - INDIA

    India's rich companies to pay 2pc of profits to help poor

    Posted Sep 20th 2013, 12:00am by AFP

    ... Agence France-Presse in New Delhi New law welcomed although concerns raised over control of funds and corruption Rich companies to pay 2pc of profits to help poor India's government ... help. Under the new amended Companies Act passed last month by parliament, large businesses have been asked to spend 2 per cent of their profits each year on Corporate Social Responsibility ...

  10. News - Asia - INDIA

    Indian investors lose faith in opinion surveys amid poll-rigging scandal

    Posted Mar 09th 2014, 06:02am by BLOOM

    ... a political analyst at the Observer Research Foundation in New Delhi. "There is a lot of suspicion that money is exchanging hands, and some of these survey companies are not all above ...




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