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End of an era as BlackBerry looks to go private -
Embattled smartphone company BlackBerry Ltd plans to go private in a $4.7 billion deal being orchestrated by its largest shareholder. Here are important milestones in the history of the company formerly known as Research In Motion: February 1985 - Mike Lazaridis and Douglas Fregin co-found Research In Motion in Waterloo, Ontario, the Canadian university city where Lazaridis studied. 1989 - RIM develops a network gateway called RIMGate, precursor to its BlackBerry Enterprise...
Palmolein case to be withdrawn -
The Kerala Government has issued an order to withdraw the palmolein case, which rocked the state politics for more than two decades. The government will submit a plea in the Vigilance Court to withdraw the case. The Government issued an order on Monday to withdraw the case. The case related to irregularities in the import of 15,000 metric tonnes of palmolein from Malaysia, which allegedly caused a loss of Rs.2.32 crore to the exchequer during 1991-92. The late K....
Govt to approach SC for 'correction' of Aadhaar order -
A day after Supreme Court observed that Aadhaar card was not mandatory for availing of government services, the government plans to approach the court for a "correction". Petroleum Minister M Veerappa Moily said he has spoken to Solicitor General Mohan Parasaran on the issue. "I think they are approaching the Supreme Court for a correction. I cannot say anything more now." He, however, said the planned roll out of Aadhaar-based cash subsidy payout to cooking gas...
Over 33 killed, 20 injured in Pakistan earthquake -
Over 30 people were killed and over 20 injured after an earthquake measuring 7.7 on the Richter scale hit parts of Pakistan on Tuesday afternoon. Awaran district, located 645 km away from Balochistan's capital Quetta, was the worst hit area where 30 people were killed and a dozen others injured in the earthquake, Xinhua reported citing officials. Abur Rasheed Baloch, district commissioner of Awaran said the area suffered heavy losses as many houses collapsed and rescue personnel had...
Nairobi mall attack toll rises to 59 -
The toll in the terror attack at an upscale shopping mall in Kenya's capital Nairobi Saturday has risen to 59, Kenya's Cabinet Secretary Joseph Ole Lenku said Sunday. President Uhuru Kenyatta said the killed included some of his family members. Lenku, who is in charge of the country's internal security, said the operation was "delicate" as the attackers were still holding hostages in the mall, Xinhua reported. He made the remarks after the standoff between...
Scene from hell as terrorists hit Nairobi mall -
The terrorists who attacked the Westgate shopping mall in Kenya's capital Nairobi Saturday seemed to have taken lessons from a first rate action movie, given the magnitude of human casualty, panic and general malaise. Heavily armed assailants stormed into Westgate shopping mall in Nairobi at noon and rained terror on shoppers, workers and onlookers, Xinhua reported. Eye witnesses told journalists that the well-coordinated terrorist attack was carried out by about 10 hooded...
PM to focus on communal violence at NIC meet Monday -
Incidents of communal violence would be high on the agenda of Prime Minister Manmohan Singh when he addresses the National Integration Council meeting here Monday, informed sources said. The meeting, coming against the backdrop of the Sep 7 riots in Muzaffarnagar of western Uttar Pradesh which left over 40 dead and thousands displaced, will discuss ways to curb hate propaganda and deal with incidents of communal violence. The security of women and weaker sections of...
Idukki dam will not to be opened for three days -
The Idukki dam will not be opened for three days as the rains slackened off in the catchment areas of the dam, KSEB Chief Engineer K.K Karuppankutty told reporters here on Sunday. “A decision on opening the dam will be taken after assessing rains in the next three days,” he said. Water level in Kerala’s largest reservoir now stands at 2,401.7 feet against the full reservoir level of 2,403 ft. With the water level in Idukki dam rising close to the full...
WSJ reports BlackBerry may lay off up to 40% of its employees -
In line with yesterday’s WSJ report, BlackBerry announced that it will cut 4,500 jobs as part of a plan to reduce its operating expenditures over the next year. Furthermore, the struggling Canadian company is expected to post a loss of almost $1 billion in the fiscal Q2 of 2014. The eye-watering loss is a result of lackluster sales of the BlackBerry Z10 smartphone. The company will take a hit against inventory and supply commitments involving the failed smartphone. Going forward...
Anti-nuclear energy activists attack PM -
The People's Movement Against Nuclear Energy (PMANE) Thursday came down heavily on Prime Minster Manmohan Singh for "neglecting the legal interests and nuclear safety of Indians" to help American companies to set up mega nuclear power plants in Gujarat. In a statement, PMANE, which is fighting against the Kudankulam Nuclear Power Project (KNPP) in Tamil Nadu, said: "In a characteristically bizarre, brazen and shameless manner, Prime Minister Manmohan Singh has dodged...
Kerala to tie up with Railways to develop suburban corridor -
The UDF government in Kerala has decided to tie up with Railways to develop a Rs 3500-crore high-speed suburban corridor stretching some 100 km north of the state capital. The state cabinet today cleared the proposal chalked out during discussions with senior officials of Railways and Mumbai Rail Vikas Corporation (MRVC), Chief Minister Oommen Chandy told reporters on Friday. A special purpose vehicle (SPV) would be formed for implementation of the project and MRVC would be...
Home, auto loans to get costlier as RBI hikes key rate -
Home, auto and other loans are set to become costlier as the Reserve Bank of India (RBI) on Friday unexpectedly hiked its key policy interest rate by 0.25 per cent, saying inflation remains worrisome. In his first monetary policy review after taking charge at Mint Street on September 4, RBI Governor Raghuram Rajan, however, partially rolled back the measures taken by his predecessor D Subbarao. The central bank increased the repurchase or repo rate by 0.25 per cent to 7.5 per cent....
RBI raises interest rates, sensex down over 500 points -
A hawkish RBI on Friday unexpectedly raised the policy rate by 25 basis points as it kept its focus on controlling inflation, which it felt would be above the expected levels in the current fiscal. RBI governor Raghuram Rajan in his maiden policy review, however, eased liquidity though a reduction in the marginal standing facility rate, at which banks borrow from the central bank, to 9.5 per cent. The repo rate or the short-term lending rate has been increased by 25 basis...
Government to pump more money into KSRTC -
The KSRTC, which is facing a financial crisis, is to receive a capital injection of Rs 10 crores from the government. The emergency fund is to be provided by the government to help the corporation run its services for a week. The government made the move as the financial crisis in the corporation attained serious proportions. The cabinet, which approved the emergency funding, also approved a move to let out diesel pumps in 67 depots of the corporation to the Civil Supplies...
Congress President Sonia Gandhi to visit Kerala on September 29 -
Congress President Sonia Gandhi will embark on a two-day visit to Kerala from September 29, where she is scheduled to inaugurate the campus of Rajiv Gandhi Institute of Development Studies, set up by the Kerala unit of the party. Ms Gandhi had planned to visit the state earlier this month but it was postponed as she went to the United States for medical treatment. Her visit assumes significance as she is expected to have discussions with senior state leaders in view of...
Veteran CPI leader Veliyam Bhargavan passes away -
Veteran CPI leader Veliyam Bhargavan, 85, died on Wednesday. Bhargavan, who was undergoing treatment at the Medical College hospital following respiratory illness, suffered a cardiac arrest in the morning and the death was confirmed around 1.30 pm. Bhargavan, who had served as the state secretary of CPI, had kept away from active politics for the last two years owing to ill health. From 1998 to 2010, he had led the state CPI and during those years he had tried to ensure unity between...
Kerala state road transport corporation may cut low-floor bus service -
The low-floor A/C and non-A/C buses run by the Kerala state road transport corporation (KSRTC) may disappear from the city streets after the agency failed to generate profit from the service introduced three years ago. The transport agency has been forced to cut expenditure following Supreme Court's order that oil companies were not bound to grant subsidy to KSRTC. According to KSRTC officials, most of the A/C and non-A/C buses have not generated profit and the chances of...
Labour reined in, Metro declared disruption-free project -
In a decision that may put labour problems plaguing the Kochi Metro project to rest, a meeting of all stakeholders declared the Metro rail a disruption-free project. In the remaining 993 days left to complete the project, neither the Metro's contractors nor its labourers will indulge in any act that may bring the Rs 5,180 crore project to a halt. A two-tier system will be put in place to address labour issues that have risen at construction sites of Kochi Metro. In case of a...
Pak keen to have comprehensive dialogue with India, Nawaz -
Asserting that people had given him the mandate to improve ties with neighbours, Prime Minister Nawaz Sharif has said Pakistan is keen to have a comprehensive dialogue with India for the resolution of all issues including Kashmir. Sharif said he is committed to a "serious sustained and constructive engagement" with India that must include the issue of Jammu and Kashmir. Describing the recent tension at the LoC as matter of concern, he said Pakistan will respond to the...
Police threatened while taking statement: Sreesanth -
The tainted cricketer, S Sreesanth, in his letter to BCCI has revealed that Police threatend him while taking his statement in IPL spot-fixing scandal. In his letter, Sreesanth denounced the police report, saying that it was prepared based on guesses and hearsays and he expressed his keen interest to play for the country in future. He also wrote that he hadn't done anything offensive to cricket and had undergone six surgeries so far to come out of injuiries.
KSRTC cancels 2,225 services -
In order to resolve the dilemma caused by supreme court's verdict insisting to stop diesel subsidy by oil companies, the KSRTC cut down 2,-225 schedules from Tuesday. As part of this, services which generate revenue below 7000 rupees per day will be stopped. However, it will not affect the Jantam services of KSRTC. On Monday, the apex court ruled that no subsidy be provided to the Kerala State Road Transport Corporation (KSRTC) from Monday onwards. In...
RBI tightens norms for lending against gold jewellery -
Seeking to keep demand of gold under check, the Reserve Bank of India has tightened norms for loans against pledge of gold jewellery. "In order to standardise the valuation and make it more transparent to the borrower, it has been decided that gold jewellery accepted as collateral will have to be valued at the average of the closing price of 22 carat gold for the preceding 30 days as quoted by the Bombay Bullion Association (BBA)," RBI said in a notification. Currently,...
Bangladesh SC hands down death penalty to top Jamaat leader -
Bangladesh Supreme Court on Tuesday handed down death penalty to fundamentalist Jamaat-e-Islami stalwart Abdul Quader Mollah for 1971 war crimes, revising a special tribunal verdict which had sentenced him to life imprisonment. "He is being handed down the capital punishment," said Chief Justice M Muzammel Hossain, as the apex court reviewed the first ever case of the "crimes against humanity" during the 1971 liberation war against Pakistan. Mollah, 65, the...
Shooting spree at Washington naval base leaves 13 dead -
A US naval reservist launched out a shooting rampage on a base in the heart of Washington on Monday, killing 13 people and exchanging fire with police before losing his own life. Police identified the alleged shooter as 34-year-old Aaron Alexis, of Forth Worth, Texas, who served full-time in the Navy from 2007 to 2011, the the FBI and Pentagon said. The FBI appealed to the public for information on the suspect, who reportedly had once been arrested but not charged in Texas for...
Sreesanth gets support from KCA -
Kerala Cricket Association (KCA) treasurer T R Balakrishnan has said that KCA will help cricketer Sreesanth to overcome his life ban. "BCCI will have to re evaluate its decision. Sreesanth will get justice from court," he said here on Monday. Rebecca John, lawyer of the tainted pacer had challenged the BCCI's decision in court and said that it was "completely against the principles of natural justice". Sreesanth was banned for life by the BCCI after...
Kerala celebrates Onam -
Thiruvananthapuram, Sep 16 (IANS) Kerala Monday celebrated Onam with the traditional 'Onam Sadhya', a rich and delicious platter of 26 food items. Monday also marks Thiru Onam, the most important day in the Onam week. The practise of making the traditional Onam Sadhya has virtually vanished in many homes. Many preferred to enjoy the holiday visiting places. Hotels and catering establishments had a roaring business, and said they were finding it difficult to meet orders for...
Now LK Advani lauds Narendra Modi -
Veteran BJP leader L.K. Advani Monday showered praise on the party's prime ministerial candidate Narendra Modi - along with the Madhya Pradesh and Chhattisgarh chief ministers. "Modi was the first leader who has taken development into rural areas of Gujarat. He played a big role in developing Gujarat from where I have been elected an MP," Advani said here to wild clapping. Advani was speaking after dedicating a 500 MW thermal power plant in the Bharatiya Janata...
Muzaffarnagar killers must be punished: PM -
Prime Minister Manmohan Singh on Monday described the recent communal riots in Uttar Pradesh’s Muzaffarnagar as a “big tragedy” and promised “strictest punishment” to the perpetrators of the conflagration. “I am here to share your pain,” a grim-faced Singh told people displaced by the violence, during his visit to a refugee camp in Bassi Kalan village, 30 km from here. Singh, who reached Muzaffarnagar along with Congress president Sonia...
Sreesanth ban 'against principles of natural justice' -
Sreesanth's legal counsel has called the life ban imposed by the BCCI "bizarre", against the principles of natural justice and unlikely to stand legal scrutiny, and said the player would challenge the ban in court once he received a copy of the order. A day after Sreesanth was handed the ban by the BCCI's disciplinary committee, his counsel Rebecca John said the biggest flaw was the report drew heavily on the police findings in the criminal case, which itself is yet...