Jet-Etihad deal approved by CCI

Paving the way for closure of long-pending Jet-Etihad deal, the Competion Commission of India, CCI has approved the proposed acquisition of 24 per cent stake in the Naresh Goyal-led Indian carrier by Abu Dhabi-based airline. Etihad is acquiring this stake for 2,058 crore rupees in a deal that was announced in April this year, becoming … Read more

Mahatma Gandhi Pravasi Suraksha Yojana

Ministry of Overseas Indian Affairs has introduced a Pension and Life Insurance fund scheme called Mahatma Gandhi Pravasi Suraksha Yojana (MGPSY) for the Overseas Indian workers having Emigration Check Required (ECR) passports. The objective of MGPSY is to encourage and enable the overseas Indian workers by giving government contribution to: Save for their Return and … Read more

US Google stock tops $1000 on strong earnings

Google stock topped $1,000 a share in early trading Friday on a strong earnings report. The shares hit their all-time high after the search-engine giant  expanded its mobile and overseas businesses while keeping ad-rate declines in check. At midday, shares were at $1,008, up 13.5 percent. At least 16 brokerages raised their price targets on … Read more

PM’S APPEAL – Uttarakhand floods

My Fellow Citizens, You are all aware that there has been extensive devastation due to cloud burst and floods in the State of Uttarakhand. A large number of persons have died and property worth crores of rupees has been damaged. The Union Government is extending all cooperation and assistance to the State Government in rescue … Read more

Tourism Development in India

Tourism targets for the 12th Five Year Plan have not been finalized yet by the Planning Commission. The 11th Five Year Plan had set a target of 10 million international visitors by 2011. For Domestic Tourism, the target to be achieved in 2010 and 2011 was fixed at 725 million and 812 million, respectively. To … Read more

U.S. manufacturers bringing work home from overseas

Increasingly, U.S. firms are moving or considering moving their manufacturing operations back to domestic soil from overseas, finds a new study co-authored by a Michigan State University supply chain expert. Fueling the trend are rising labor costs in emerging countries, high oil prices and increasing transportation costs, global risks such as political instability and other … Read more

Cars 2 cruised to a No. 1 finish with a $68 million

The pioneering Hollywood studio which brought the world the first computer animated feature said its latest film is almost like looking at the real world. ‘Cars 2’ proved much better than a lemon over the weekend, topping the box office in its grand debut. The animated sequel starring Larry the Cable Guy and Owen Wilson … Read more

Psychology :: 1 in 5 young Britons has sex with someone new while abroad

Around one in five young Britons has sex with a new partner while overseas, finds research published ahead of print in the journal Sexually Transmitted Infections. And they are apparently opting for British or European sexual partners in the belief that this minimises the chances of HIV infection, but seemingly unawares of their risks of contracting other sexually transmitted infections.

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