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May 29, Friday 2015 3:19 AM       
       HEADLINES: Krishna Kumar was ousted from force earlier, says BSF                                              UDF to announce candidate soon, says Sudheeran                                              UDF and LDF gear up for crucial bypoll in Aruvikkara                                              DJ Elbin held in night party case                                              Three-member panel to probe complaint against Siddique                                              Modi running an over-centralised government: Chidambaram                                              17 Air India cabin crew suspended, row over rest period                                              Delhi Lt Governor Najeeb Jung meets Home Secy                                              Ex-Bihar CM Manjhi meets Modi; tie-up speculation mounts                                              It's an 'open confession of sponsoring terrorism', Pak on Parrikar's remarks                                              Four mild tremors jolt Nepal                                              Sharif to politicians : bridge differences over CPEC                                              Calls for FIFA's Blatter to quit as global anger builds                                              Swiss Authorities Say No Plans to Question FIFA Chief Sepp Blatter For Now                                              Kaumudi Facebook
         US starts accepting employment applications of H-4visa holders    
WASHINGTON: US authorities have started accepting employment authorization applications for H-4 visa holders, who are spouses of H-1B nonimmigrant workers and were not allowed to work so far in the country.

         Rupee hits 2-week low of 64.01 vs dlr, down 3 paise    
MUMBAI: The rupee continued to decline for the third consecutive day against the US currency by slipping 3 paise to close above the 64-mark after nearly two weeks on dollar demand from importers coupled with higher greenback overseas.

         Auto, tech Q4 numbers restrict Sensex gains at 33 pts    
MUMBAI: Reversing two days of losses, the benchmark BSE Sensex today edged up by 33 points to 27,564.66 on gains in banking stocks amid prevailing rate cut hopes even as the auto and tech shares plunged on poor earning numbers.

         Nokia withdraws plea to sell Chennai unit as buyer backs out    
NEW DELHI: Nokia India today withdrew from Delhi High Court its plea seeking permission to urgently sell its mobile manufacturing unit in Chennai, which was frozen over a Rs-10,000 crore claim raised by the Income Tax department, saying the proposed buyer has backed out.

         Sony launches two medium-range Xperia smartphones    
NEW DELHI: Sony Electronics on Tuesday launched two medium-range smartphones in the Indian market, the C4 dual and the Aqua M4, to expand its Xperia range in the country.

         Sensex loses more ground, down over 40 pts    
MUMBAI: The benchmark BSE Sensex fell further by over 40 points in early trade today, extending its yesterday's slide due to continued selling by participants amid mixed Asian cues.

         Inflation under check; global economy, agri a challenge: FM    
NEW DELHI: Finance Minister Arun Jaitley today said inflation has been brought under control in the past one year but global economy and agrarian situation as well as domestic investments pose challenge to the Indian economy.

         Depreciating dollar, RBI investment returns hike foreign reserves    
MUMBAI: Depreciation in dollar value, interest payments on securities held by the apex bank in non-dollar currencies and the rich payouts for its participation in the forwards trading market led to an exponential rise in India's foreign exchange reserves.

         HP sells 51% stake in China unit to Tsinghua University firm    
BEIJING: A Chinese information technology and communications company under the Tsinghua University has purchased 51 per cent stake in Hewlett Packard's (HP) China-based joint venture for USD 2.5 billion.

         New govt boosted confidence, improved India's perception: DBS    
SINGAPORE:The new Indian government has boosted confidence and provided and improved perception towards the country, lending it an "open-for-business" image, according to a report by a leading Singapore banking group.

         Sensex provisionally closes over 145 points    
MUMBAI: Healthy quarterly results by some of the blue chip companies led a benchmark index of Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), to provisionally close over 145 points or 0.53 percent during the trade session on Friday.

         Inflation not major challenge, says Jaitley    
NEW DELHI: With the Reserve Bank of India's monetary policy review due on June 2, Finance Minister Arun Jaitley has said that inflation will not be a significant challenge though a below-average monsoon could possibly impact food prices.

         Cipla recalls over 1.4 lakh vials of asthma drug in US    
NEW DELHI: Drug major Cipla is recalling in the US market 1,40,625 vials of Levalbuterol Inhalation Solution used for relieving shortness of breath and coughing caused by asthma and chronic obstructive pulmonary disease.

         Sensex trades provisionally closes 47 points down    
NEW DELHI: A day after it gained around 200 points, a benchmark index of Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), provisionally closed 47 points or 0.17 percent down on Thursday.

         GDP to grow at 9% once structural issues addressed: FinMin    
NEW DELHI: Indian economy is expected to expand at 8.5-9 per cent over 10-15 year time frame once the structural issues hampering growth are addressed by the government, Finance Secretary Rajiv Mehrishi said today.

         SBI ties up with    
NEW DELHI: The State Bank of India (SBI) and on Wednesday signed a pact to identify areas of cooperation to build a digital India which meets the aspirations of the next generation of customers and small businesses.

         Now on India will grow faster, outpace China: UN    
UNITED STATIONS: India is expected to log a growth of 7.6 percent this year and 7.7 percent, nearly 1.5 percentage points higher than the outlook just four months ago, in a clear sign that it will outpace China quite decisively, as per a UN report released here Tuesday.

         Apple gets partial win on appeal in Samsung patent case    
NEW YORK: Apple Inc was handed a mixed ruling by a U.S. appeals court in the latest twist in a blockbuster intellectual property battle with Samsung Electronics Co Ltd, as a prior patent infringement verdict was upheld but a trademark finding that the iPhone's appearance could be protected was thrown out.

         IDBI to launch e-huts across India    
PANAJI: IDBI Bank has decided to roll out e-huts to connect with the rural populace, a senior bank official said here today. "We will be launching e-huts across the country. It's a concept that is widely accepted in the West, but in India, it's yet to pick up," IDBI's Deputy Managing Director M O Rego said.

         Sensex falls 75 points on profit-booking    
MUMBAI: The benchmark BSE Sensex fell over 75 points in early trade today as stocks of oil&gas, PSU, metal, healthcare and banking companies succumbed to profit-booking after two sessions of gains.

         Capital account convertibility inescapable: RBI    
MUMBAI: Pitching for full capital account convertibility, the Reserve Bank has said that with Indian economy becoming global it would be hard to maintain capital controls for a long period of time.

         India gives USD 2.1 mn to WHO, Nadda assumes WHA presidency    
GENEVA: India today announced that it would contribute USD 2.1 million to the World Health Organisation (WHO) as a "reflection" of its commitment to the global health body and its mandate.

         Sensex surges 363 points to over 3-week high    
MUMBAI: The benchmark BSE Sensex rose for the second straight day today by surging 363 points to close at over three-week high of 27,687.30 after government reported fiscal deficit at 4.0 per cent of GDP, while continuing rate cut hopes amid forecast of timely monsoon helped too.

         New ITR forms to be far more simplified: Jaitley    
NEW DELHI: The controversial new income tax return forms, which had been put on hold, will be "far more simplified", Finance Minister Arun Jaitley said today, but kept the suspense on if the requirement of disclosing all bank accounts and foreign travels will be retained.

         Infosys to open first overseas campus in China    
BEIJING: As India pressed China to open its markets for Indian IT firms, technology major Infosys today announced establishing its first overseas centre outside India in China with an investment of about USD 120 million to tap in the burgeoning Chinese market.

         Airtel clinches USD 2.5 bn Chinese financing deals    
SHANGHAI: Bharti Airtel today said it has received financing commitments of up to USD 2.5 billion from China Development Bank and Industrial and Commercial Bank of China, with an average maturity of about nine years.

         DLF hits back at CCI; asks why no penalty on other realtors    
NEW DELHI: Slapped with a fresh 'cease and desist' order by fair trade regulator CCI, realty major DLF has said it is "very surprising" that no penalty has been imposed on various other realtors operating in the same market with the same product line.

         Supreme Court rejects plea of telecom companies for licence extension    
NEW DELHI: The Supreme Court today dismissed a batch of petitions filed by various telecom companies, including Vodafone and Bharti Airtel, seeking extension of their spectrum licences.

         SBI launches contactless debit and credit cards    
MUMBAI: State Bank of India today joined its private sector rivals to launch contactless credit and debit cards using latest near field technology (NFC).

         SAP appoints Deb Deep Sengupta as MD for Indian subcontinent    
BENGALURU: Software and technology solutions provider SAP today announced the appointment of Deb Deep Sengupta as new Managing Director for the Indian subcontinent.

Can Aruvikkara election be seen as an evaluation of State governance?
Don't Know
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