TCS to set up training centre at Technocity

THIRUVANANTHAPURAM – Tata Consultancy Services (TCS) will set up a training centre at the proposed Technocity near the Technopark campus here.

Chief Minister V.S.Achuthanandan Monday said the cabinet has decided to allot 82 acres to TCS to set up the centre at an investment of Rs.1,500 crore.
“They will be setting up a training centre … Read the original article on Gaea Times at : TCS to set up training centre at Technocity.

Sensex touches Jan 2008 level, Asian rally helps

MUMBAI – A benchmark index for Indian equities Monday climbed to a level last seen in January 2008 in afternoon trade, breaching the 19,000-points mark.

Banking, realty, energy and PSU stocks were among the top gainers. All 13 sectoral indices on the Bombay Stock Exchange (BSE) were in the positive.
The Indian markets were enthused … Read this article on Gaea Times at : Sensex touches Jan 2008 level, Asian rally helps.

One-inch deflection in Bhakra Dam, but no scare: officials

CHANDIGARH – Playing down fears of a tilt in the Bhakra Dam, where the water level has crossed the maximum mark, the authorities Monday said there was just a 1.05-inch deflection in the structure and there was no need to worry.

“The water level in the Bhakra Dam has crossed the maximum mark of 1,680 feet …. Source article on Gaea Times at  : One-inch deflection in Bhakra Dam, but no scare: officials.

Mercedes to retail exclusive apparel and accessories

NEW DELHI – Mercedes-Benz India has entered into an agreement with fashion designer Manish Arora, whose exclusively designed apparel and accessories will be retailed through the auto major’s outlets across India.

“Our connect with luxury and lifestyle has been enhanced through our association with ace designer Manish Arora,” said Debashis Mitra, director sales and marketing, …. Source  : Gaea News Network.

President arrives in Cambodia

PHNOM PENH – Reaffirming India’s ‘Look East’ policy and seeking to enhance ties with ASEAN countries, Indian President Pratibha Patil arrived here Monday on a six-day visit to Cambodia.

Patil was welcomed by Kong Sam Ol, deputy prime minister and minister of the Royal Palace of the Kingdom of Cambodia at the Phnom Penh International Airport. … Read more >>>.

Gujarat inks MOU with British Asian business association

GANDHINAGAR – iNDEXTb, the investment promotion wing of the Gujarat Government has signed a memorandum of understanding (MoU) with Britain’s Leicestershire Asian Business Association (LABA) to promote economic cooperation and commercial exchanges.

A 16-member delegation of business leaders and government officials from the state is in Leicestershire to interact with business communities and host a road …. Source  : Gaea News Network.

FACT CHECK: New White House stat on health savings called ‘apples to oranges’

FACT CHECK: White House health savings challenged
WASHINGTON – When a government report found that President Barack Obama’s health overhaul would modestly raise the nation’s total health care tab, the White House responded with a statistic suggesting costs would go down.
Health reform director Nancy-Ann DeParle wrote on the White House blog last week that …. Source  : FACT CHECK: New White House stat on health savings called ‘apples to oranges’.

World’s costliest flat sold for 200 mn pounds

LONDON – The world’s most expensive flat has been sold for 200 million pounds in Monaco, despite mysterious murder of its previous owner in the main reception room.

The two-floor penthouse — which includes a double-height library and vast roof terraces complete with mature 15-foot trees and infinity pool — has now been snapped up on …. Read the original article  : here.

Sensex regains 19k level after 32 months

MUMBAI – The Bombay Stock Exchange (BSE) benchmark Sensex added 287 points on fund-based buying driven by a firming global trend in early trade on Monday and regained the crucial 19,000-level after a period of almost 32 months.

The 30-share index of the BSE surged …. Original article on Gaea Times at  : Sensex regains 19k level after 32 months.

Japan’s foreign minister apologizes to visiting group of US POWs, says treatment was brutal

Japan foreign minister apologizes to US POWs

TOKYO – Japan’s foreign minister apologized Monday for the suffering of a group of former World War II prisoners of war visiting from the United States and said they were treated inhumanely.
The six POWs, their relatives and the daughters of two men who died are the first group of …. Source  : Gaea News Network.

India’s urban poor worse off than rural poor: Poverty Allevation Minister (Interview)

NEW DELHI – The poor in India’s cities are in many ways worse off than those in rural areas, says Housing and Urban Poverty Alleviation Minister Kumari Selja, pointing out that the urban population is set to double in the next 25 years to over 600 million.

“About 300 million people live in towns and cities …. Read the original article  : India’s urban poor worse off than rural poor: Poverty Allevation Minister (Interview).

Sensex joins Asian rally, breaches 19,000

MUMBAI – A benchmark index for Indian equities Monday shot up in opening trade, breaching the 19,000 level mark and joining other buoyant Asian markets.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,845.31 points, was at 19,074.29 points, 274.63 points or 1.46 percent up from its previous close at …. Original article  : Sensex joins Asian rally, breaches 19,000.

Asian stocks gain as Wall Street extends rally, Chinese indicators show economy robust

Asian shares gain on economic optimism
BANGKOK – Asian stock markets climbed Monday as robust Chinese economic indicators boosted confidence in the economic recovery.

Oil prices, meanwhile, surged above $77 a barrel, extending gains for a second trading day after a leak forced the closure of a Chicago-area oil pipeline and disrupted supplies to U.S. Midwest refineries.
Sentiment …. Source  : Gaea News Network.

Money Market Operations as on Sep 09, 2010

…. Source  : Money Market Operations as on Sep 09, 2010.

Newborn baby found alive in airplane garbage bag at Manila airport; plane arrived from Bahrain

Newborn baby found alive in Manila airport garbage

MANILA, Philippines – Authorities in the Philippines on Monday tried to trace the mother who gave birth then abandoned her newborn baby on a flight from the Middle East.
The baby boy, covered in blood and wrapped in tissue paper, was found by an airport security officer in a …. Original article  : Newborn baby found alive in airplane garbage bag at Manila airport; plane arrived from Bahrain.

Senate hopeful Rand Paul says Republicans have taken ‘easy way out’ by failing to cut spending

Paul says GOP shares blame for deficits
BOWLING GREEN, Ky. – Kentucky Senate hopeful Rand Paul chided fellow Republicans on Sunday evening for contributing to the massive federal budget deficit, candidly telling tea party supporters in his hometown that GOP lawmakers took “the easy way out” by failing to cut spending in the past.
Paul …. Original article on Gaea Times at  : Senate hopeful Rand Paul says Republicans have taken ‘easy way out’ by failing to cut spending.

Philly newspaper drivers again reject contract aimed at allowing bankruptcy sale to creditors

Philly newspaper drivers again reject contract

PHILADELPHIA – Drivers who deliver Philadelphia’s two major daily newspapers have once again overwhelmingly rejected a contract offer aimed at clearing the way for creditors to take over the papers.
Teamsters Local 628 President John Laigaie said members voted 191-4 against the proposal Sunday. He said he thinks members are still …. Source article on Gaea Times at  : Philly newspaper drivers again reject contract aimed at allowing bankruptcy sale to creditors.

Report: Dollar Thrifty agrees to Hertz’s higher offer of $50 per share, topping Avis’ bid

Report: Hertz, Dollar Thrifty agree on higher bid

NEW YORK – Hertz has raised its offer for rental car company Dollar Thrifty to about $1.43 billion from $1.2 billion in an effort to thwart a rival bid by Avis, according to media reports.
Dollar Thrifty’s board has accepted Hertz Global Holdings Inc.’s new $50-per-share offer – up …. Source article  : Report: Dollar Thrifty agrees to Hertz’s higher offer of $50 per share, topping Avis’ bid.

Regulators agree on new capital rules for world’s banks, aiming to balance safety, growth

Global banking rules aim to balance safety, growth
BASEL, Switzerland – Banks will have to significantly increase their capital reserves under rules endorsed Sunday by the world’s major central banks, which are trying to prevent another financial collapse without impeding the fragile economic recovery.
The new banking rules are designed to strengthen bank …. Source article  : Regulators agree on new capital rules for world’s banks, aiming to balance safety, growth.

Gas drilling industry, environmentalists prepare their cases for EPA’s NY hearing, last of 4

EPA to hold NY hearing, last of 4, on gas drilling

ALBANY, N.Y. – The Environmental Protection Agency is preparing to hold in New York the last of four hearings around the country about a natural gas drilling technique that involves blasting chemical-laced water into the ground.
The process is called hydraulic fracturing, or fracking. It releases …. Source  : Gaea News Network.