Mahindra to make smaller aircraft for Indian market

BANGALORE – Mahindra Aerospace of the $6.3-billion utility vehicle maker Mahindra Group will become the first Indian private firm to manufacture smaller civil aircraft for the Indian general aviation market, which is set to boom this decade.

“We will manufacture the turboprop aircraft in 2-20 seat capacity at our recently acquired Gippsland Aeronautics (GA) in Victoria … Original article on : Mahindra to make smaller aircraft for Indian market.

World stock markets post muted gains as investors await new cues following flat Wall Street

World stock markets post muted gains
BANGKOK – World stock markets mostly posted muted gains Monday as investors searched for fresh cues after a flat session on Wall Street and a pledge by world leaders to reduce budget deficits.

In a final statement from the top 20 industrial and developing nations at their weekend summit in Toronto, …. Source  : World stock markets post muted gains as investors await new cues following flat Wall Street.

Light of hope at the end of Rohtang tunnel

LAHAUL – Snow-capped mountains, glaciers, rivers, forests, pastures, monasteries and monuments – Himachal Pradesh’s twin Lahaul and Spiti valleys that share a border with Tibet have everything but communication links to tap their obvious tourist potential.

The only narrow road link from the tourist town of Manali to Lahaul and Spiti district tucked in the Pir … Read more >>.

RCom up 4.4 percent, gains after GTL deal

MUMBAI – Reliance Communications (RCom) was trading with robust gains in afternoon trade Monday, after shooting up in the morning on the week-end news of its $11-billion telcom tower deal with GTL Infra.

The RCom scrip was up 4.36 percent at Rs.200.90, around 1.30 p.m., compared to its previous close at Rs.192.50. It had shot up …. Original source  : RCom up 4.4 percent, gains after GTL deal.

More oil discovered by Reliance in Cambay Basin

MUMBAI – India’s largest private sector company, Reliance Industries (RIL), said Monday it has made its seventh oil discovery at a site in Cambay basin, off the Gujarat coast.

RIL said it had informed the government and the directorate general of hydrocarbons about the discovery, named Dhirubhai-50.
“The potential commercial interest of the discovery is …. Read the original article  : More oil discovered by Reliance in Cambay Basin.

Dubai’s port operator DP World postpones plans to raise cash by listing shares in London

Dubai ports firm holds off on London stock listing

DUBAI, United Arab Emirates – Dubai’s global port operator says it is delaying plans to raise cash by listing its shares on the London Stock Exchange.
DP World said in a regulatory filing Monday that it remains committed to pursuing the plan, but is waiting until “an acceptable … Read the original article on Gaea Times at : Dubai’s port operator DP World postpones plans to raise cash by listing shares in London.

Rohtang tunnel will boost tourism, provide employment: Sonia

SOLANG – The construction of a tunnel under the Rohtang pass will give a boost to tourism in the region, facilitate better medical treatment and provide more avenues of employment to the youth, Congress president Sonia Gandhi said Monday after laying its foundation stone.

“People will be able to meet their daily needs round the year. … Read more »»».

Wisconsin among states easing food safety rules for goods sold at farms, farmers markets

States ease food safety rules for homemade goods

MILWAUKEE – At Wisconsin farmers markets, vendors no longer need licenses to sell pickles, jams and other canned foods, while small farmers in Maine can sell slaughtered chickens without worrying about inspections.
Federal and state laws require that most food sold to the public be made in licensed facilities … Original article on : Wisconsin among states easing food safety rules for goods sold at farms, farmers markets.

Ruling Marxists call strike against fuel hike in Tripura

AGARTALA – A dawn-to-dusk strike called by the ruling Communist Party of India-Marxist (CPI-M)-led Left Front to protest against the hike in fuel prices Monday brought life to a halt in Tripura.

“The strike was total with people expressing their anger against the central government’s decision to increase prices of petrol, diesel, kerosene and cooking gas,” …. Read the original article  : here.

1.6 million tonnes of rock waste from Rohtang Tunnel

SOLANG – The Rohtang Tunnel, whose foundation stone was laid by Congress president Sonia Gandhi Monday in Himachal Pradesh, will produce an estimated waste of 1.6 million tonnes of rocks and stones during its excavation.

“The excavation will produce 16 lakh tonnes of rock waste,” Lt. Col. K.S. Oberoi of the Border Roads Organisation (BRO) told …. Original article  : 1.6 million tonnes of rock waste from Rohtang Tunnel.

GTL Infra, Reliance Shares Witness Jump

MUMBAI, INDIA (GaeaTimes.com)- Reliance Communications witnessed a steady hike by a rate margin of 4.62% to Rs. 201.40. Reportedly, the jump is an aftermath of the deal that was scored between Reliance Communications and GTL Infra (GTL Infrastructure). Both GTL Infra and Reliance Communications have agreed on common grounds to merge their telecom towers expecting … Read : GTL Infra, Reliance Shares Witness Jump.

Labour problems dog multinationals in Tamil Nadu

CHENNAI – All is not well on the industrial labour front in Tamil Nadu, with simmering discontent among workers in multinational companies leading to strikes and shutdowns, threatening the southern state’s reputation as an ideal investment destination.

Tyre-maker ATC Tires’ plant in Tirunelvelli has been closed down for more than a month. Japanese auto component vendor … Read this article on Gaea Times at : Labour problems dog multinationals in Tamil Nadu.

With press of a button, Sonia launches Rohtang tunnel construction

SOLANG – Pressing a remote control to get a giant excavator whirring, Congress president Sonia Gandhi Monday launched the building of a strategic 8.8 km long tunnel in this picturesque valley in Himachal Pradesh that will enable year-round connectivity between Manali and the Ladakh region of Jammu and Kashmir.

The digging machine was kept at a … Read more : With press of a button, Sonia launches Rohtang tunnel construction.

Sensex holding on to morning gains

MUMBAI – A key index for Indian equities Monday was holding on to morning gains even as cues from Asian markets were quiet.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,577.66 points, was ruling at 17,661.99 points, 87.46 points or 0.5 percent up from its previous close at … Read : Sensex holding on to morning gains.

British Prime Minister David Cameron bolsters reputation, wins key ground at Canada summits

Britain’s Cameron bolsters reputation at summits
TORONTO – British Prime Minister David Cameron arrived in Canada for his first international summit, stepping into a fraught divide between Europe and the United States over how best to aid global economic recovery.
And the new British leader leaves with his reputation significantly enhanced after wrestling a key … Read more >>>.

Britain to relocate unemployed to places where there are jobs

LONDON – The British government is drawing up a plan to relocate unemployed people to areas in the country where there are jobs, a media report said.

The government would be bringing forward proposals to make the workforce “more mobile”, Work and Pensions Secretary Iain Duncan Smith told the Sunday Telegraph.
Successive governments have over … Original article on : Britain to relocate unemployed to places where there are jobs.

Report: Turkish PM says Turkey has closed its airspace to Israeli flights

Report: Turkish airspace closed to Israel
ANKARA, Turkey – The state-run news agency quotes Prime Minister Recep Tayyip Erdogan as saying Turkey has closed its airspace to Israel.

The Anatolia news agency quotes Erdogan as telling reporters in Canada that Turkey imposed a ban on flights after the May 31 Israeli raid on a Gaza-bound aid flotilla. …. Source  : Gaea News Network.

Who wins, who loses in bank overhaul bill? Some say we’re safer, some say banks still too big

Bank overhaul bill has plenty of rules and critics
NEW YORK – To keep taxpayers from having to bail out giant banks again, lawmakers faced two choices: design rules to try to prevent them from failing, or shrink them so that if they do fail, they won’t threaten the financial system.
Our political leaders chose …. Source article on Gaea Times at  : Who wins, who loses in bank overhaul bill? Some say we’re safer, some say banks still too big.

Americans overtreated to death; hospitalizations for last 6 months of life are on the rise

Americans are treated, and overtreated, to death

The doctors finally let Rosaria Vandenberg go home.
For the first time in months, she was able to touch her 2-year-old daughter who had been afraid of the tubes and machines in the hospital. The little girl climbed up onto her mother’s bed, surrounded by family photos, toys and the …. Original article on Gaea Times at  : Americans overtreated to death; hospitalizations for last 6 months of life are on the rise.

Money Market Operations as on June 25, 2010

…. Source article on Gaea Times at  : Money Market Operations as on June 25, 2010.