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With the rice production in the country expected to rise, an Empowered Group of Ministers (EGoM), which met on Wednesday, decided to permit exports of up to 1,50,000 tonnes of three varieties of non-basmati rice at a minimum export price of $850 a tonne. These non-basmati rice varieties include Sona Masuri, Ponni Samba and Rose... 

The Centre has informed the Supreme Court that black money stashed in tax havens abroad would be taxable income under the Direct Taxes Code Bill. It however, maintained its earlier stand on not revealing names of Indians who have stashed their money in foreign accounts. In its fresh affidavit, the government spelled out a host... 

The Reliance Group, controlled by Anil Ambani, accused “unscrupulous corporate rivals” of spreading false rumours that led to a sharp fall in the group’s listed firms’ stock prices on Wednesday and saw investors in them lose around Rs.12,754 crore. The group has complained to capital market regulator Securities and Exchange... 

Bangalore . India’s own first supersonic multi-role combat aircraft Tejas and light combat helicopter (LCH) dazzled participants at the Aero India 2011 on Wednesday with their breathtaking aerobatic manouveres at Air Force Station Yelhanka. It was for the first time that India’s indigenously developed fighter, including... 

An already-debt laden Bharti Airtel, Vodafone, Idea Cellular, and Bharat Sanchar Nigam Ltd (BSNL) may find their balance sheets under further pressure if the Telecom Regulatory Authority of India’s (Trai) latest proposals on pricing of excess spectrum is implemented by the Department of Telecommunications (DoT). Among the... 

NEW DELHI: A court here on Tuesday remanded A. Raja in CBI custody for two more days though the investigating agency had sought four days’ custody of the former Telecommunication Minister accused of corruption in the allocation of 2G spectrum and award of licences. Mr. Raja’s former aides — his private secretary... 

The government has been caught in another spectrum scam with the latest being the Indian Space Research Organisation awarding 70Mhz at virtually throwaway prices. Reports suggest that the scam is bigger than the 2G scam and likely in the region of Rs 2 lakh crore. Opposition parties are demanding a thorough probe into the latest... 

Aero India will hold air traffic for five hours everyday this week, affecting over 100 flight schedules across India Aero India, the country’s most prestigious air show will not only show off India’s best fighter planes, but will also ground more than a few commercial jets from flying during the coming week. This... 

London, Feb 7: This could be one piece of bad news for Indians planning to go to the UK for educational purposes. Britain in a surprise move plans to abolish visas to Indians and other non-EU students who plan to take up employment there after they finish their studies. This will see a sharp fall in the number of students who... 

MUMBAI: Brokerage firm India Infoline today said its consolidated net profit after tax and minority interests grew 12.70 per cent to Rs 67.06 crore for the third quarter ended December 31, 2010, over the corresponding period a year ago. The group had a consolidated net profit from ordinary activities after tax and minority interests...