With the railway budget for the next fiscal scheduled to be presented later this month, Railway Minister Lalu Prasad on Wednesday indicated that there would be no fare hike.
EMPHASISING th government’s resolve to go ahead with corporatisation of airports despite persisting opposition from the Left parties,the Union Cabinet has cleared selection of GMR-Fraport and GVK-South African Airports as joint venture partners, for the Delhi and Mumbai airports, respectively. The Cabinet gave the nod at its meeting on Wednesday.
The country’s second largest truck maker Ashok Leyland announced on Wednesday that it had signed a Rs 230 crore order to supply 872 specialised water carriers for the Indian Army. The delivery of the water carriers will start later this year and by the end of second quarter of the next fiscal. MD R Seshasayee also said that the company will enter the tactical vehicle segment by making armoured vehicles.
GOLD fell from its highest in 25 years in volatile trade on Wednesday as the dollar hovered near four-week highs and profit taking hit Japanese futures, but the market sentiment remained positive, dealers said. Silver lacked strength to repeat the previous day’s gains that lifted prices to a 22-year peak, while platinum stayed below its record high of $1,079. Spot gold fell to as low as $565.05 an ounce before rising to $566.10/567.00 by 1013 GMT, against $568.30/569.20 late in New York. Silver fell to $9.67/9.70 an ounce from $9.80/9.83 in New York. It rose as much as $9.92 on Tuesday.
The government favoured the merger of telecom PSUs – BSNL and MTNL and the modalities were being worked out based on the suggestions submitted to it by an expert committee three months ago, Minister of State for Communications and IT Shakeel Ahmad said today.
Hundreds of thousands of computers are believed to be infected by a worm set to activate on Friday that could corrupt documents using the most common file types, including “.doc,” “.pdf,” and “.zip,” experts have warned. The worm is expected to affect machines mostly in India, Peru, Turkey and Italy, said Mr Mikko Hypponen, chief research officer for Finnish security company F-Secure Corp. The worm, known as “CME-24,” “BlackWorm,” “Mywife.E” or a number of other monikers, even tries to disable antivirus software that is out of date, he said. F-Secure also has created a free removal tool. “If you are infected, and you find out about it today, you still have time to get rid of the virus,” Mr Hypponen said. Microsoft Corp issued an advisory today warning customers about the worm, which affects most ver sions of its Windows operating system.