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Out of a Burma Shell

Sun, 27 May 2012 00:00:00 +0530

New Delhi, May 27 -- This weekend will see the first Indian prime minister visit Myanmar in 25 years. This was excusable in the past. But today, India's relations with its only Southeast Asian neighbour are crucial for both foreign policy and domestic security reasons. Four key reasons Myanmar matters to India:NORTHEASTWhy did India decide to switch from supporting pro-democracy activist Daw Aung San Suu Kyi and back Myanmar's brutal military regime? The answer is not oil or China. The answer is the Northeast.A terrible security dilemma faced the PV Narasimha Rao government in the early 1990s. ...

13 DAYS IN CAPTIVITY

Sun, 27 May 2012 00:00:00 +0530

New Delhi, May 27 -- For all the thirteen days that Alex Menon spent in custody, he made copious notes and maintained a diary. The Naxals took the diary away from him just before he was released. If Alex still had it, it would probably read like this:APRIL 21, DAY 1 'His throat was slit'Alex had special plans for Majhipara, a Sukma village, barely 1.5 kilometres off the highway. Surely it can't be unsafe; not with a CRPF camp some three kilometres away. The collector reaches there at about 4 pm and eats his lunch. ...

Committee yet to take call on spectrum price

Sun, 27 May 2012 00:00:00 +0530

New Delhi, May 27 -- The Telecom Commission, the highest decision-making body in the telecom sector, could not take any decision on the reserve price of spectrum to be auctioned.A high-powered ministerial panel headed by finance minister Pranab Mukherjee will decide on the minimum price to be fixed for the auction of spectrum.The Telecom Regulatory Authority of India (Trai) had recommended a reserve price of R3,600 crore per MHZ of spectrum. Operators claim that this price is very high, and will impact the tariff. ...

Speeding car crushes pregnant woman

Sun, 27 May 2012 00:00:00 +0530

New Delhi, May 27 -- A 28-year-old pregnant woman died after she was hit by a speeding car on Saturday morning.The accident took place in front of Jawaharlal Nehru University (JNU) on the road going towards Ber Sarai in south Delhi. Police said the woman was working at a nearby construction site and was crossing the road when the car hit her.According to an eyewitness, the driver of the car had jumped to the wrong side of the road in an attempt to save a child who had come in front of the car but hit the woman instead. ...

Reliance Comm posts surprise Q4 profit jump

Sat, 26 May 2012 22:05:38 +0530

REUTERS - Reliance Communications, India's second-biggest mobile phone carrier by subscribers, reported its fiscal fourth-quarter profit nearly doubled on sharply lower costs, in what is its first profit rise in 11 quarters. The company, controlled by billionaire Anil Ambani, said consolidated net profit jumped about 98 percent for the three months ended March from a year earlier, smashing street estimates, even as revenue fell nearly a third. The market is however keenly watching for any progress in the company's talks to raise funds through asset sales to cut its heavy debt load -- $6. ...

Telecom Commission wants detailed study on airwaves auction price

Sat, 26 May 2012 21:03:06 +0530

NEW DELHI (Reuters) - The Telecom Commission will ask the Telecom Regulatory Authority of India (TRAI) to analyse the potential impact of a proposed airwaves auction base price that is seen as too high and has drawn protests from carriers. The Commission however endorsed a separate regulatory proposal to auction by June next year airwaves in another band, Telecoms Secretary R.Chandrashekhar said on Saturday. That band currently used by older operators and will be taken back from them in the so-called airwave refarming. ...

EGoM to take final call on pricing and refarming of spectrum

Sat, 26 May 2012 19:26:50 +0530

New Delhi, May 26 (IANS) An empowered group of ministers (EGoM) led by Finance Minister Pranab Mukherjee will take the final call on key issues such as pricing and refarming of spectrum for 2G auction, Telecom Secretary R. Chandrashekhar said Saturday.

Saudi woman confronts police over painted nails

Sat, 26 May 2012 17:55:10 +0530

London, May 26 (IANS) A video of a Saudi woman confronting the religious police over breaking modesty rules with her painted nails has gone viral after she posted it on the YouTube, Daily Mail reported Saturday.

New faces take charge

Sat, 26 May 2012 05:30:00 +0530

Sharma told The Telegraph that such operations against the Naxa- lites would continue in the district.

CCTV camera plan for traffic update crawls

Sat, 26 May 2012 05:30:00 +0530

With no police officer confirming, sources said things got more confusing with the traffic SP saying the four locations had been finalised. "In December, the locations had been announced. With the traffic SP saying that the venues have been finalised, it could be possible that the installation sites would be changed. The installation of the CCTV cameras and the launch of the online traffic updates system still seem to be a distant dream," said another source.

Microsoft wins patent battle against Google's Motorola Mobility in Germany

Sat, 26 May 2012 13:18:58 +0530

Berlin, May 26 (ANI): A German court has ruled that Motorola Mobility infringed Microsoft patents by offering the option on its mobile phones that allows sending longer texts by dividing it into two parts.

Yahoo eliminates digital newsstand 'Livestand' for iPads six months after launch

Sat, 26 May 2012 12:26:54 +0530

San Francisco, May 26 (ANI): American web giant Yahoo has eliminated the digital newsstand Livestand for iPads, six months after unveiling the tablet magazine, claiming it as an attempt to make the struggling website company more active.

Essar's Ravi Ruia, Loop execs get bail in 2G case

Sat, 26 May 2012 11:08:34 +0530

NEW DELHI (Reuters) - Five businessmen, including billionaire Ravi Ruia from the Essar conglomerate, have won bail in a case probing a telecoms licensing scandal which has drawn in tycoons and a former minister. A special court in New Delhi, which is hearing the case, approved criminal conspiracy charges against Ruia, his nephew Anshuman Ruia, and senior Essar group executive Vikash Saraf, and allowed them bail. ...

Facebook launches free 'Instagram rival' camera app for iPhone users

Sat, 26 May 2012 10:35:01 +0530

Washington, May 26 (ANI): Social networking giant Facebook has launched a camera app for the iPhone that offers similar functionality to Instagram.

Twitter admits to tracking users' activities across Internet

Sat, 26 May 2012 10:34:56 +0530

London, May 26 (ANI): Micro blogging website Twitter has revealed that it tracks its users' movements across the Internet in order to suggest relevant content to tweeters.

28-yr-old shot at, CCTV captures attackers in wait

Fri, 25 May 2012 00:00:00 +0530

New Delhi, May 25 -- It was a well-planned attack on a 28-year-old man in the narrow bylanes of old Delhi but a CCTV camera installed outside a shop has provided a crucial lead to the police.However, seconds before firing bullets at the victim, the accused went out of the frame and the camera could not capture the incident. The attackers, who were on a bike, had conduced a recce of the area and had parked their bike outside a mobile store in Chandni Mahal while waiting for the victim, Mohammad Shahid.On Thursday night at 11. ...

Refarming okayed, reserve price to be decided today

Sat, 26 May 2012 00:00:00 +0530

New Delhi, May 26 -- The Telecom Commission, the highest decision making body in telecommunications, will meet on Saturday to firm up its views on the regulator's recommendations on auctioning of spectrum.The commission, chaired by telecom secretary R Chandrashekhar, has already decided that all the spectrum will be refarmed, and that the entire spectrum remaining after refarming would be auctioned. However, it has not come to a conclusion on pricing.Currently, the old incumbent operators hold spectrum in two bands: 800 and 900 MHZ. ...

2G: Bail granted to Essar and Loop promoters

Sat, 26 May 2012 00:00:00 +0530

New Delhi, May 26 -- Promoters of Essar Group and Loop Telecom were on Friday granted bail by a Delhi court in connection with a case arising out of the 2G spectrum allocation scam. Essar group promoters Ravi Ruia and Anshuman Ruia and Loop Telecom promoters I P Khaitan and Kiran Khaitan, besides Essar group Director (Strategy and Planning) Vikash Saraf were directed by the court to furnish personal bail bond of R5 lakh each and two sureities of like amount.Published by HT Syndication with permission from Hindustan Times.

Talwars plead not guilty

Sat, 26 May 2012 00:00:00 +0530

Ghaziabad, May 26 -- Dentist couple Dr Rajesh and Nupur Talwar pleaded "not guilty" to the charges formally framed by a Central Bureau of Investigation (CBI) court at Ghaziabad for murder and destruction of evidence, with common intention, during a hearing in AarushiHemraj murder case on Friday. The dentist couple will now face trial in the case in the next hearing to be held on June 4.Aarushi's father Rajesh will additionally face charges for misleading investigations and lodging false FIR against Hemraj. ...

Facebook options debut a wild card for volatility

Sat, 26 May 2012 02:16:41 +0530

REUTERS - Investors can hope the debut of options on Facebook Inc goes more smoothly than the long-awaited debut of the social networking service's stock on May 18. While the stock's puts and calls are expected to be popular, the big wild card is volatility and ultimately, the options price. Traders will get a fresh start on options on the Internet giant when the contracts are offered on U.S. options exchanges on May 29. ...

Groupon tests payments rival to PayPal, Square

Fri, 25 May 2012 21:25:55 +0530

SAN FRANCISCO (Reuters) - Groupon Inc is testing a payments service that lets merchants accept credit cards at what could be a knock-down price, according to two people familiar with the matter. The move puts the world's largest daily-deals company in direct competition with eBay Inc's PayPal, and start-up Square Inc, partly owned by Visa Inc. Groupon started in 2008 by offering heavily discounted deals on local goods and services. ...

Inflation affected PC sales in Q1 of 2012 in India: Gartner

Fri, 25 May 2012 18:52:43 +0530

New Delhi, May 25 (IANS) High inflation and increased prices during the first quarter of 2012 affected sale of personal computers in India, research firm Gartner Inc said Friday.

2G case: Charges framed against Essar, Loop promoters

Fri, 25 May 2012 18:16:43 +0530

New Delhi, May 25 (IANS) A special Central Bureau of Investigation (CBI) court here Friday formally slapped the charges of conspiracy and cheating against the promoters of the Essar Group and the Loop Telecom in the 2G spectrum allocation case.

Foreign cos pulling more money out of India - Nomura

Fri, 25 May 2012 18:00:29 +0530

MUMBAI (Reuters) - Foreign direct investment, the sort of sticky long-term money India craves to fund its current account deficit and build up its infrastructure, may not be so stable after all. According to a Nomura report, multinational companies have been pulling money out of India at an accelerating rate, moving $10.7 billion out of the country in 2011, up from $7.2 billion in 2010 and just $3.1 billion in 2009. ...

Essar's Ravi Ruia, Loop execs get bail in 2G case

Fri, 25 May 2012 17:58:31 +0530

BSE Sensex ends flat; outlook still weak

Fri, 25 May 2012 17:05:13 +0530

MUMBAI (Reuters) - The BSE Sensex ended flat on Friday, as state-controlled oil companies fell on fears this week's petrol price hike would be partially rolled back, casting doubts about a potential increase in other fuels such as diesel. The benchmark BSE Sensex rose 0.4 percent for the week, snapping four consecutive weeks of losses, as investors saw the recent sharp sell-down as overdone, but the outlook remains deeply cautious. Indian shares are still down 6. ...

Coming up, 100 more skill development centres

Fri, 25 May 2012 16:39:32 +0530

Kolkata, May 25 (IANS) The National Skill Development Corporation (NSDC) will open 100 more training centres in the country, a top official said Friday.

Has Facebook hired design firm Bolt Peters in attempt to fix reputation?

Fri, 25 May 2012 16:14:28 +0530

Washington, May 25 (ANI): Facebook has hired design firm Bolt Peters, even as rumors circulate that the social networking giant might have taken the initiative to fix its image and reputation, following the IPO bungle.

New microchip can transmit data 1000 times faster than Bluetooth

Fri, 25 May 2012 16:14:28 +0530

Washington, May 25 (ANI): Scientists have developed a revolutionary microchip that can transmit large volumes of data at ultra-high speeds of 2 Gigabits per second, which would be 1,000 times faster than Bluetooth.

India adds 6.5 million GSM subscribers in April

Fri, 25 May 2012 15:51:22 +0530

New Delhi, May 25 (IANS) India's GSM subscriber base grew by 0.98 percent in April, adding 6.50 million mobile phone users, with Bharti Airtel alone signing up over 2.01 million customers, according to data released by Cellular Operators Association of India.