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Vodafone results in line, 2015 earnings to fall
Posted on 20th May 2014
LONDON: Britain's Vodafone said its core earnings would fall in 2015 due to the investment needed in the business as it reported 2014 results in line with forecasts, helped by an improvement in underlying trading in the fourth quarter.

The world's second-largest mobile operator has reported record falls in underlying revenue in the last 18 months, due to fierce competition in Europe, regulator-imposed price cuts and European consumers reducing the number of calls they made during the recession.

Saina Nehwal leads eves into quarters
Posted on 20th May 2014
For the second successive day, Indian men came a cropper to bring a premature end to their campaign in the Thomas and Uber Cup finals here on Monday. Also, the women shuttlers led by Saina Nehwal continued to bring cheer to the Indians by having it easy against Hong Kong, winning 4-1 and booking their berth in the last eight.

In Uber Cup Group Y, India outplayed Hong Kong with Saina, PV Sindhu and the doubles pair of Jwala Gutta-Ashwini Ponnappa clinching the rubber in the first available opportunity.

Aditya Verma urges Narendra Modi to make BCCI corruption free
Posted on 20th May 2014
Cricket Association of Bihar secretary Aditya Verma, who is the petitioner in the ongoing IPL spot-fixing case, on Monday wrote a letter to prime minister designate Narendra Modi, who is also president of Gujarat Cricket Association, to strengthen Indian cricket board and free it of conflict of interest.

In his letter, Verma prioritised the 'revival of cricket in Bihar' and explained how the Board of Control for Cricket in India derecognised CAB. He urged Modi to make an adhoc committee to revive cricket in Bihar.

Rupee up 5 paise against dollar in early trade on May 20
Posted on 20th May 2014
Continuing its rise for the fifth straight day, the rupee today edged higher by 5 paise to 58.54 against the US dollar in early trade on sustained capital inflows amidst selling of the American currency by banks.

In the last four trading sessions, the rupee has gained 146 paise. Forex dealers said sustained foreign capital inflows after a clear mandate for the BJP to form a stable government at the Centre boosted the sentiment.

16 bodies found in Mexico after wave of drug and gang violence
Posted on 20th May 2014
Sixteen bodies have been found in Mexico's northern state of Tamaulipas, where a battle between drug gangs has sparked a wave of bloody shootouts and massacres, Mexican authorities said on Monday.

The bodies of four men and three women who have not yet been identified were found late on Sunday in a light truck in the port city of Tampico, according to a government task force set up last month to respond to the spike in violence across the state.

Election Commission to hold biennial elections of six Rajya Sabha seats on June 19
Posted on 20th May 2014
The Election Commission (EC) has decided to hold biennial elections for the six seats of Rajya Sabha on June 19 in order to fill the vacancies. The states where the vacancies will be filled in are Karnataka, Mizoram and Arunachal Pradesh.

Diva-Roha train cancelled after bomb scare
Posted on 20th May 2014
Train no 71092, which leaves from Roha at 5.15 am was cancelled on Tuesday following a bomb scare. Roha police, and Railway Protection Force (RPF) are investigating the matter.

A search was carried out for four hours, but no presence of any sort of a bomb has been found. Officials, however said they won't leave any stone unturned and will follow all standard operationg procedures.

Accidental CIA shoot-down, aliens and Taliban hijacking among MH370 conspiracy theories re-emerging as search falters
Posted on 20th May 2014
The fruitless MH370 search has breathed new life into conspiracy theories on the plane's fate, with a book, two films and even a former prime minister pushing ideas ranging from diversion by the CIA to an accidental shoot-down.

A host of wild theories including a Taliban hijack or meteor strike had emerged to fill the information vacuum in the days following the plane's disappearance on March 8 with 239 aboard as authorities across Asia scrambled to figure out what happened. The speculation abated after Malaysia said in late March the plane was believed to have gone down in the Indian Ocean for unknown reasons, but has revived due to the failure of an international search effort to find any trace of the plane.

Congress rejects Sonia, Rahul's offer to resign over poll debacle
Posted on 20th May 2014
Sonia Gandhi and Rahul Gandhi offered to resign at the Congress Working Committee meeting on Monday in the wake of the party's humiliating defeat in the 2014 Lok Sabha elections. However, Congress party unanimously rejected the Gandhis' resignation offer.

Prime Minister Manmohan Singh echoed the views of senior Congress leaders and opposed accepting the resignations of Sonia and Rahul.

Dhamra port deal to help L&T, Tata Steel cut debt
Posted on 20th May 2014
Adani's takeover of Dhamra Port from Tata Steel and L&T at an enterprise valuation of Rs 5,500 crore is a win-win deal for all the three players.

The deal will not only help L&T and Tata Steel to cut their debt but increase Adani Port's footprint across India. The transaction will also help Adani to export coal from its mines in Eastern India to power stations in western India.

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