CLSA to Offload 6% In Apollo Hospitals Via Block Deal

MUMBAI – Foreign brokerage CLSA will offload its entire 6.15% holding in Chennai-based Apollo Hospitals Enterprise by way of block deal tomorrow. As per a term sheet, CLSA Mauritius Limited will sell 8.55 million shares of Apollo in a price range between Rs 824 and Rs 876.6 per share. Depending on the pricing, the share-sale […]

Reliance Money Eyes 1 Lakh Customers For Monthly Gold Plan

CHANDIGARH – Reliance Money Precious Metals, a part of Anil Ambani-led Reliance Group’s financial services arm Reliance Capital, on Wednesday said it is eyeing to tap one lakh customers for its newly launched gold plan by March 2013.  “We are targeting one lakh customers by March 2013 for our Reliance My Gold plan,” Reliance Money […]

Prime-Time Flying Slots To Be Auctioned: Officials

NEW DELHI – Prime-time flying slots, allotted to airlines to operate their flights to or from an airport, would soon be auctioned on an experimental basis to begin with, official sources said today. The peak-hour vacant slots, which have been allotted but are not being used by airlines, would be auctioned “on an experimental basis”, […]

Unabated Protests Rock Cairo

CAIRO – Police have fired tear gas again in Cairo’s Tahrir Square as authorities try to disperse several hundred protesters who are angry over President Mohammed Morsi’s controversial grab for more power. The crowd is much smaller than Tuesday’s, according toNPR’s Soraya Sarhaddi Nelson, as well as correspondents from other news outlets. Al Jazeera, reporting […]

Jindal ‘extortion’ case: Zee editors sent to 2-day police custody

NEW DELHI – A Delhi court today dismissed the bail plea of two senior journalists of Zee Newschannel and remanded them to two-day police custody on a complaint by Congress MP Naveen Jindal’s group that they tried to extort Rs.100 crore for not broadcasting news reports on coal scam linking his firm. Police told the […]

IK Gujral ‘very critical

GURGAON – The condition of former Prime Minister Inder Kumar Gujral remains “very critical”, a doctor said on Wednesday. “His condition is the same as yesterday — very critical,” K.L. Sehgal, a doctor from the Medicity Medanta Hospital here, told IANS. On Tuesday, Gujral fell unconscious and his urine output was blocked. Gujral, 93, was […]

Pakistani living in India for 38 years arrested

JAIPUR – An 84-year-old man was arrested in Rajasthan’s Sikar district, 38 years after he illegally came to India from Pakistan and settled down under a disguise, police said Tuesday. The man, identified as Ummed Khan, got married, acquired all identification documents including a passport and bought agriculture land to pose as a farmer, they added. […]

AQ Khan To Contest Polls, Forms Party

ISLAMABAD – Dr Abdul Qadeer Khan, who is regarded as the father of Pakistan’s nuclear bomb, has registered a new political party to contest for the first time general elections expected next year, officials said Wednesday. Many Pakistanis regard Khan, 76, as a hero for building the Muslim world’s first atomic bomb but in the […]

Turkey lifts headscarf ban

ANKARA – Turkey has lifted a ban on female students wearing headscarves in schools providing religious education, in a move drawing criticism from secularists who see it as fresh evidence of the government pushing an Islamic agenda. Education has been one of the main battlegrounds between religious conservatives, who form the bedrock of support for […]

Saudi diplomat shot dead

SANA – Gunmen shot dead a Saudi Arabian diplomat and his Yemeni bodyguard in the capital Sanaa on Wednesday, two officials told Reuters. The killing was the latest in a series of attacks on officials and politicians in the impoverished Arabian Peninsula state, which is battling Islamist militants with US assistance. “Gunmen opened fire at the […]

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