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May 4, 2011 11:50 AM

No forward movement in standoff between AI Management and striking pilots

There has been no forward movement in the standoff between the Air India Management and the striking pilots even after the Delhi High Court appointed a Counsel to assist both parties in resolving the issue. The Court had slapped contempt notices to nine office bearers of pilots' union for disob...

May 4, 2011 11:46 AM

Air India services remain cripple for eighth day today

Air India services remain crippled for the eighth day today due to the pilots' strike with the ailing airline operating just ten per cent of its overall flights including 10 each from Mumbai and Delhi. About 40 flights were in operation today as the airline cancelled almost 90 per cent of its 3...

May 4, 2011 8:46 AM

Delhi HC slaps contempt notices on nine office bearers of pilots' union

Delhi High Court slapped contempt notices to nine office bearers of pilots' union for disobeying its order to call-off the strike. It has given two weeks time to the pilots to respond to the notice. Pulling up the striking pilots and Air India Management for their rigid attitude, the court appo...

May 3, 2011 8:32 PM

2G scam: ED summons to DMK MP Kanimozhi, four others

The Enforcement Directorate has issued summons under the Prevention of Money Laundering Act (PMLA) to DMK MP Kanimozhi and four others named in CBI charge sheet in the 2G spectrum allocation scam. Sources said, besides Kanimozhi, the summons were issued to DMK-owned Kalaignar TV Managing Director Sh...

May 3, 2011 8:31 PM

2G scam: ED summons to DMK MP Kanimozhi, four others

The Enforcement Directorate has issued summons under the Prevention of Money Laundering Act (PMLA) to DMK MP Kanimozhi and four others named in CBI charge sheet in the 2G spectrum allocation scam. Sources said, besides Kanimozhi, the summons were issued to DMK-owned Kalaignar TV Managing Director Sh...

May 3, 2011 8:21 PM

Delhi HC issues contempt notices to 9 sacked ICPA office bearers

The Delhi High Court today issued contempt notices to nine sacked office bearers of the Indian Commercial Pilots Association (ICPA) for disobeying its order to call-off the on-going strike in Air India which entered the seventh day. The court has asked the matter to be renotified on the 25th of this...

May 3, 2011 7:31 PM

WB polls : about 85 % turnout in fourth phase

About 85 per cent polling was recorded in the 4th phase of Assembly Elections in West Bengal today. Polls were held for 63 Assembly Constituencies spread over four district covering East Midnapur, Howrah, Hoogly and parts of Burdwan districts. Briefing reporters in New Delhi, Deputy Election Commiss...

May 3, 2011 6:27 PM

RBI raises short term lending & borrowing rate to check inflation

With the aim of containing inflation, the Reserve Bank of India today raised its short-term lending and borrowing rates by 50 basis points, or 0.5 percent, each. Announcing its annual credit policy, the Reserve Bank increased its repo rate, or the rate at which it lends short-term funds to commercia...

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