Conference on Corporate Governance in KolkataSeptember 4th, 2009 KOLKATA - Minister for Corporate Affairs Salman Khurshid will inaugurate an International Conference on Convergence of Corporate Governance Norms here on Saturday. The two-day Conference is being organized by IIT Kharagpur in association with National Foundation of Corporate Governance (NFCG) - which is a not-for-profit Trust under the Ministry of Corporate Affairs.
Delhi HC quashes PIL against airport development feeAugust 26th, 2009 NEW DELHI - The Delhi High Court on Wednesday dismissed a Public Interest Litigation (PIL) challenging the imposition of airport development fee (ADF) on passengers by the airport service providers. The Ministry of Civil Aviation directed the all airlines flying out of Delhi to collect a development fee from the passengers while issuing tickets from March this year.
Delhi Metro train derails in Dwarka, no casualtyAugust 12th, 2009 DWARKA - A few bogies of a Delhi Metro train got derailed near Dwarka station in Delhi on Wednesday afternoon. The incident took place at around 3.20pm.
Air France denies ill-treatment of passengersMay 12th, 2009 MUMBAI - Air France Tuesday said a technical snag had caused a long delay in its Paris-Mumbai flight on Sunday and denied accusations of ill-treatment and racial bias levelled by some of the Indian passengers. The Air France Airbus-A330 flight AF 218 was carrying 169 passengers and 12 crew members.
Aerobridge slams into Air India aircraft in MumbaiMay 5th, 2009 MUMBAI - In a major breach of safety, an Air India aircraft was hit and its door damaged by an aerobridge at the airport here after 172 passengers had boarded the plane for Mangalore. No passenger or member of the crew on board IC-179 at the Chhatrapati Shivaji International Airport here was hurt in the accident, airline officials said.
Air India aircraft grounded after being hit by aerobridgeMay 5th, 2009 MUMBAI - An Air India aircraft was hit and its door damaged after an aerobridge hit it at the airport here Tuesday morning. The pilot, co-pilot and two ground staff were taken off duty following the incident.
Three offshore Goa casinos sealed for violating pollution normsMarch 25th, 2009 PANAJI - The Goa government Tuesday sealed three offshore casinos, which were under the scanner for violating pollution norms. The casinos - Rio, Caravela and Maharaja - had failed to obtain the necessary licence from the Goa State Pollution Control Board (GSPCB).
New departure terminal at Delhi airport opens ThursdayFebruary 26th, 2009 NEW DELHI - Civil Aviation Minister Praful Patel will Thursday inaugurate a new departure terminal at the Indira Gandhi International (IGI) Airport here which will be able to handle all outbound domestic passengers, an official said. However, the terminal, 1D, set up at an investment of Rs.5 billion (Rs.500 crore), will be opened for passengers only by March-end, said the official of the Delhi International Airport Ltd, which runs the IGI Airport.
Chhattisgarh serves notices to Balco, 36 others for pollutionFebruary 12th, 2009 RAIPUR - The Chhattisgarh government has served notices to as many as 37 industrial units in the past two years, including the Vedanta-controlled Bharat Aluminium Company Ltd.(Balco), for violating industrial pollution norms, the state assembly was informed Friday. 'The government has either moved court or issued notices to 37 industrial units for ignoring pollution norms in Raigarh and Korba districts, including Balco (based in Korba town),' Revenue Minister Amar Agrawal told the house in a written reply to a question by Leader of the Opposition Ravindra Choubey.
New foreign investment norms to increase inflow: Kamal NathFebruary 11th, 2009 NEW DELHI - The government has rationalised the foreign investment norms as there is a tightening in the global markets, Commerce Minister Kamal Nath said here Thursday. 'Government has rationalised calculation of FDI (foreign direct investment).
Passenger behind hijack scare arrested, jailedFebruary 1st, 2009 NEW DELHI - Jitender Kumar Mohla was arrested Monday and sent to jail for 14 days, a day after his allegedly aggressive behaviour on board an Indigo flight from Goa to Delhi caused a mid-air scare and sent security agencies into a tizzy at the airport here. Delhi Police arrested Mohla, a resident of Dwarka sub-city here, under Indian Penal Code (IPC) sections 336 (endangering life or personal safety of others) and 506 (criminal intimidation) as well as under the Civil Aviation Act.
India's markets watchdog to ease open offer normsFebruary 1st, 2009 MUMBAI - India's markets watchdog Monday decided to amend its norms on open offers to acquire companies, even as it made it mandatory for all listed companies to declare their dividends on per share basis, as against percentages. The board of Securities and Exchange Board of India (SEBI) also decided that the price band for initial public offers (IPO) can be announced two days before they hit the capital markets, against specifying the same in the prospectus two-three weeks ahead.
Plea in court against late-running trainsJanuary 6th, 2009 NEW DELHI - Indian Railways face a legal case for running trains late and putting passengers into trouble. Ramnath Garg, a Delhi resident, has filed a public interest petition in the Delhi High Court who has pointed out that trains running late by several hours put passengers in trouble as they go without food and water for protracted periods of time.
Regulator eases solvency norms for life insurersJanuary 1st, 2009 CHENNAI - India's insurance watchdog Friday offered life insurers, and more particularly the private life insurers, a mega New Year gift by easing solvency norms for the third time in recent days. Solvency margin is the excess of assets that a life insurer has to maintain over its liabilities.
Autonomous society for meat, poultry processing clearedDecember 25th, 2008 NEW DELHI - The cabinet Friday sanctioned Rs.146.4 million (Rs.14.64 crore) for setting up an autonomous society over a period of three years to upgrade the meat and poultry processing industry. Headquartered in Delhi, the proposed Meat and Poultry Processing Board will initially be supported by the government, and subsequently managed by the industry.