Bangalore, May 23 (IANS) iGate’s American employee Araceli Roiz, 31, who accused the company’s former chief executive Phaneesh Murthy of sexual harassment, Thursday claimed that she was pregnant with his child. Three days after the US-based leading IT software firm fired Murthy (49) for his unlawful relationship with Roiz, the [...]

New Delhi, May 23 (IANS) Largest steel manufacturer of the country (valuewise) Tata Steel posted net loss for fourth quarter ending March 31, 2013, a company statement said Thursday. The company’s fourth quarter net loss was Rs.6,529 crore, compared with Rs.4,330 crore profit a year earlier. The company attributed the [...]

Chennai, May 23 (IANS) Opposing any disinvestment in integrated mining-cum-power generating Neyveli Lignite Corporation Ltd. (NLC), Tamil Nadu Chief Minister J. Jayalalithaa Thursday suggested to Prime Minister Manmohan Singh that the central government can buy back the shares held by public and go for delisting. In a letter to Manmohan [...]

Dubai, May 23 (IANS) A company in Saudi Arabia’s eastern province has said it will hire 5,000 Indian workers affected by that country’s new labour policy. The Nasser S. Al-Hajri Corp (NSH) is holding a two-day recruiting drive in Riyadh Thursday and Friday, the Arab News reported Thursday. “We plan [...]

New Delhi, May 23 (IANS) State-run gas distributors Indraprastha Gas Ltd (IGL) Thursday reported an over 4 percent rise in net profits year-on-year for its fourth quarter ended March 31. The Company has posted a net profit of Rs.83.52 crore for the quarter in question, as compared to Rs.79.99 crore [...]

Mumbai, May 23 (IANS) A benchmark index of the Indian equities markets closed Thursday’s trade nearly two percent down on reports that the US may reverse its monetary stimulus programme that spooked markets across the world. Finance Minister P. Chidambaram’s statement that US Federal Reserve chairman Ben Bernanke’s comments had [...]

New Delhi, May 23 (IANS) Australia and India Thursday signed a memorandum of understanding (MoU) to develop and strengthen cooperation in skills training in the agriculture sector, said a statement. “This partnership aims to achieve quality industry-led skills training standards in the agriculture sector. With India projected to add 12 [...]

Chennai, May 23 (IANS) The dealings of a real estate developer with arrested cricket bookies were being looking into for suspected wrongdoings, Tamil Nadu Police said here Thursday. Officials did not name the real estate developer suspected to be involved in the betting controversy. In a statement issued here, the [...]

Panaji, May 23 (IANS) Industries like aviation, aero space, IT and ITES, pharma and integrated educational hubs have been shortlisted by a state-government appointed taskforce, which is cobbling together suggestions for the Goa’s Industrial Investment Policy. Speaking to reporters here, Atul Kane, head of the taskforce, said these industries were [...]

Jagdalpur (Chhattisgarh), May 23 (IANS) If the efforts of the Chhattisgarh government produce results, the day is not far when wind energy would illuminate houses in the Maoist insurgency-hit Bastar district, an official said Thursday. The Chhattisgarh State Renewable Energy Development Agency (CREDA) has identified two villages in Bastar-Raikot in [...]