RNRL-RIL Awaits Supreme Court Verdict

DELHI, INDIA (GaeaTimes.com)-RIL (Reliance Industries Limited) versus RNRL (Reliance Natural Resources Limited) tussle might come to an end this week as the Supreme Court goes ahead to declare its decision for the case. Reportedly, the verdict of the RIL and RNRL case is the centre point of all major discussions in the market.
As a …. Original article on Gaea Times at  : RNRL-RIL Awaits Supreme Court Verdict.

Mumbai paralysed as motormen boycott trains

MUMBAI – Millions of commuters here were hit hard Tuesday as drivers of suburban trains, the city’s lifeline, struck work demanding better working conditions, crippling Mumbai and creating chaos in the national parliament.

With just a few trains running and thousands of commuters crammed into the coaches like sardines, life was thrown out of gear … Read : Mumbai paralysed as motormen boycott trains.

Ireland to reopen airports Tuesday afternoon as threat of volcanic ash from Iceland fades

Irish airports reopen Tuesday as ash threat fades

DUBLIN – Ireland’s airspace will reopen at 1 p.m. (1200 GMT) Tuesday because the threat from volcanic ash has faded overnight, but Irish air travelers face a “summer of uncertainty” because of the long-running Iceland eruption, the Irish Aviation Authority said.
The authority temporarily grounded services at all Irish … Read more : Ireland to reopen airports Tuesday afternoon as threat of volcanic ash from Iceland fades.

ESMA invoked against striking Mumbai train drivers

MUMBAI – The Maharashtra government Tuesday invoked the Essential Services Maintenance Act (ESMA) against striking Mumbai train drivers and gave them time till 3 p.m. to return to work.

Around 25 train drivers returned to work after the ESMA was invoked, a railway official said.
And in no time, around 170 striking drivers were arrested from …. Source article  : ESMA invoked against striking Mumbai train drivers.

BJP, Shiv Sena demand resumption of Mumbai rail services

NEW DELHI – Bharatiya Janata Party (BJP) and Shiv Sena members Tuesday demonstrated in Parliament House Tuesday demanding that the government take speedy steps to resume train services in Mumbai.

Dubbing the government a failure for being unable to control the train drivers strike in Mumbai, members of the two parties staged a sit-in at …. Source  : BJP, Shiv Sena demand resumption of Mumbai rail services.

Lok Sabha adjourned over train drivers’ stir

NEW DELHI – The Lok Sabha was adjourned till 2 p.m. Tuesday over the Mumbai suburban train drivers’ strike with members from both the opposition and ruling parties demanding a statement from the government.

Deputy Leader of the opposition Gopinath Munde said the motormen had given a strike notice Jan 26.
“They also went on …. Original article  : Lok Sabha adjourned over train drivers’ stir.

Tamil Nadu Newsprint to set up plant to cut production cost

CHENNAI – Tamil Nadu Newsprint and Papers Ltd (TNPL) will set up a precipitated calcium carbonate (PCC) plant at its production unit near Karur with international collaboration that will help the paper-maker cut costs.

“The plant will be set up on build-own-operate (BOO) basis. This will result in TNPL reducing its recurring cost of Rs.25 crore,” …. Source article  : Tamil Nadu Newsprint to set up plant to cut production cost.

HEALTHBEAT: Radical treatment for asthma melts off tissue to alter spasm-prone airways

Those with severe asthma offered radical treatment

WASHINGTON – People with severe asthma are getting a radically different treatment option: A way to snake a wire inside their lungs and melt off some of the tissue that squeezes their airways shut.
Bronchial thermoplasty isn’t for everyone, just a subset who wheeze despite today’s best medications. It’s neither …. Source article on Gaea Times at  : HEALTHBEAT: Radical treatment for asthma melts off tissue to alter spasm-prone airways.

Asian stocks mostly lower on investor concern Chinese property measures will hurt GDP growth

Asia stocks lower on China fears; Thailand surges

SINGAPORE – Asian stocks were mostly lower Tuesday on investor concerns that Chinese moves to slow a soaring property market will undermine economic growth while Thai stocks vaulted on hopes of a resolution to the country’s political crisis. European shares opened mixed.
Trading was generally lackluster in Asia with … Read this article on Gaea Times at : Asian stocks mostly lower on investor concern Chinese property measures will hurt GDP growth.

Greek protesters spread banners on Acropolis amid strikes against austerity

Greek protesters drape banners on Acropolis

ATHENS, Greece – Greek protesters unfurled banners Tuesday over the defensive walls of the ancient Acropolis, the country’s most famous monument, to protest harsh new austerity measures as strikes began across the country.
Greece’s cash-strapped government announced sweeping spending cuts worth ???30 billion ($40 billion) through 2012 on Sunday, in order …. Original article  : Greek protesters spread banners on Acropolis amid strikes against austerity.

Apple sells million iPads

WASHINGTON – The Apple iPad has hit another major milestone with the sale of the one millionth iPad after a little less than a month of retail availability.

The milestone was reached Friday the same day the company released its 3G version of the much-hyped device, as sales of the tablet continued to build, Apple said … Read more >>.

Greek protesters drape banners at Acropolis, amid strikes against austerity

Greek protesters drape banners at Acropolis

ATHENS, Greece – Greek protesters unfurled banners over the defensive walls of the ancient Acropolis, the country’s most famous monument, to protest harsh new austerity measures as strikes began Tuesday across the country.
About 100 protesters from the Greek Communist Party unfurled the banners in Greek and English reading: “Peoples of …. Source  : Gaea News Network.

Oil drops from 18-month high to below $86 as investors eye growing US crude inventories

Oil below $86 as traders eye US crude supplies

SINGAPORE – Oil prices dropped below $86 a barrel Tuesday in Asia as traders anticipated another increase in U.S. crude supplies from a government report due later this week.
Benchmark crude for June delivery was down 38 cents to $85.81 a barrel at late afternoon Singapore time in …. Original article on Gaea Times at  : Oil drops from 18-month high to below $86 as investors eye growing US crude inventories.

Portuguese travellers drive to China for Shanghai expo

BEIJING – A group of Portuguese travellers has embarked on a car journey to the 2010 Shanghai World Expo in an effort to promote eco-friendly technology.

The four travellers started Saturday from Portugal’s Leiria city on a 16,000-km-long journey across 13 countries. The theme of their journey is “So far but so close”, Global Times reported … Read more : Portuguese travellers drive to China for Shanghai expo.

Asian stocks mixed on investor concern Chinese property measures will hurt GDP growth

Asia stocks mixed on China fears; Thailand surges

SINGAPORE – Asian stocks were mixed Tuesday on investor concerns that Chinese moves to slow a soaring property market will undermine economic growth while Thai stocks vaulted on hopes of a resolution to the country’s political crisis.
China’s benchmark index in Shanghai led decliners, falling 24.37 points, or 0.9 … Original source on Gaea Times at : Asian stocks mixed on investor concern Chinese property measures will hurt GDP growth.

Motormen’s agitation paralyses Mumbai

MUMBAI – Over seven million commuters, including office-goers and students, were severely hit Tuesday, the second day of the ongoing agitation by motormen manning Mumbai’s crucial suburban trains.

The agitation by over 600 motormen on the Western Railway (WR) and Central Railway (CR), compelled the railways to issue a rare advisory Tuesday morning.
“People may undertake [..] Read the original article: here.

Money Market Operations as on May 03, 2010

…. Original article  : Money Market Operations as on May 03, 2010.

Google acquires 3D software pioneer to take on Apple

TORONTO – Google Monday snapped up a top Canadian startup which pioneered a 3D interface technology for Mac and Windows PCs.

Called Canada’s hottest software startup, Toronto-based BumpTop has been acquired by the search engine for reportedly between $30 and $45 million, according to reports. However, there were no details of the deal by the two …. Read the original article  : Google acquires 3D software pioneer to take on Apple.

Indian American offers US firms support for n-plants

NEW YORK – A leading Indian-American business firm, which has for years provided technical support services to several US government agencies and fortune 500 companies, is offering to help US firms set up nuclear power plants in India.

“We would certainly like to consider that possibility. The capacity and capability are there with ASR,” Rao S. …. Source article  : Indian American offers US firms support for n-plants.

Thai protesters considering PM’s offer for Nov. 14 elections in exchange for ending occupation

Thai protesters considering PM’s election plan

BANGKOK – Thailand’s anti-government protesters sought assurances Tuesday that the entire government backed the prime minister’s latest proposal for early elections in exchange for ending their crippling, weekslong occupation of downtown Bangkok.
Leaders of the Red Shirt protesters, ranging from hardline militants to others seemingly more willing to compromise, indicated they …. Original article on Gaea Times at  : Thai protesters considering PM’s offer for Nov. 14 elections in exchange for ending occupation.