CHENNAI: In the race to Raisina Hill, Pranab Mukherjee may be getting the support of many politicians, but A P J Abdul Kalam remains the popular choice of netizens.
Social networking and microblogging sites are replete with messages in support of the missile-man who completed a term as President before Pratibha Patel took over. “A P [...]
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Mercury touches 41.8C in Chennai, highest in 4 years
CHENNAI: The temperature in the city on Thursday touched a maximum of 41.8C, the hottest in the last four years. However, there was respite as the day progressed. The sea breeze set in early and the temperature fell by about eight degrees. “The wind was strong and the skies cloudy. But, there was no rain,” [...]
No subway, staircases at Tambaram, Chromepet put commuters at risk
CHENNAI: The absence of staircases at the flyover in Tambaram and the delay in completion of a vehicular subway in Chromepet is forcing commuters to cross rail tracks at these places, at considerable risk. “Hundreds of people, including school children, cross the track daily,” said S Ramesh of Tambaram.
Of the 181 people killed on the [...]
Auto owners in Mumbai demand advertising rights on vehicles to earn extra
MUMBAI: The Mumbai Rickshawmen’s Union on Thursday submitted a memorandum to the one-member Hakim committee demanding advertising rights on autorickshaws. This may help auto owners and drivers earn extra revenue and also cut down the monthly operational costs. It can also ensure that the fare hikes are not steep in future.
“We are demanding that the [...]
High court respite for Sakshi Telugu daily and Sakshi TV
HYDERABAD: Justice B Seshasayana Reddy of the AP high court on Thursday suspended the recent GO issued by the state government stopping advertisements to Sakshi Telugu daily and Sakshi TV.
The judge made this interim order after hearing two petitions filed by Jagati Publications which prints Sakshi and Indira Television, the operator of Sakshi TV. The [...]
Heart revival centre in Chennai
CHENNAI: In the race against the ‘golden hour’, a city hospital has opened a ‘heart revive center’ which aims at resuscitating and treating patients within two minutes after the ambulance reaches the hospital. Records show that ambulance response has slowed down by two to six minutes in the last three months due to infrastructure projects [...]
Losing currency: Tours turn costly, torment traveller
Travellers returning from international vacation last week had a shock waiting – an additional bill from travel and tour companies.
With the rupee falling to a new low against the dollar, tour packages and other expenses have become expensive by 15-20% for international leisure and business travellers. Many who bought package tours before the dollar appreciated [...]
Rupee fall: Students abroad bear the brunt, fees shoot up
CHENNAI: The sharp depreciation of the rupee has spooked the parents of students studying abroad. With the rupee on Friday plunged to a new low of 54.89 vs dollar, many of them are an anxious lot.
Most parents preferred to pay the term fees in installments and now are literally paying the price for it. They [...]
Scrap Vanpic project, minister Dokka Manikya urges chief minister
GUNTUR: In a move that is likely to have a significant impact on the coming byelection in the Ongole assembly constituency, Prakasam district in-charge minister Dokka Manikya Varaprasad has urged the chief minister to immediately cancel the Vanpic project and annul the GO granting huge tracts of land to the promoters.
In a letter to CM [...]
Hyderabad’s dirty secret
A city battling poor water supply has to deal with a graver concern, that of poor quality water. Tests conducted on ‘drinking’ water reveal that Hyderabadis cannot consume water without treating it. The authorities remain unaffected by this dirty reality even as the city’s reservoirs double up as swimming pools.
The manjeera supply streaming out of [...]
SEC will propose new regulations for credit-raters
Credit-rating agencies will have to disclose more details about their ratings process and better manage conflicts of interest under rules unveiled on Wednesday that are expected to lightly touch industry practices
The proposals are all required by the Dodd-Frank Wall Street overhaul law in an effort to hold the firms such as Moody’s Corp, McGraw Hill’s, [...]
Yen Declines Against Majors
The Japanese yen erased some of its previous session's profits across the board on Wednesday morning in New York. As of 10:10 am ET, the yen traded lower at 81.49 against the US dollar, 83.66 versus the Canadian dollar, 92.24 against the Swiss franc, 115.86 against the euro, 131.53 against the pound, 64.26 against the [...]
Chile Q1 GDP Up 9.8%
Chile's economy grew at a robust pace in the first quarter led by investment and domestic demand, data released by the central bank showed Wednesday.
Gross domestic product increased 9.8 percent year-on-year, after rising 5.8 percent in the previous quarter. The figure was in line with expectations. The economy expanded for the sixth consecutive quarter. [...]
Greek problems are not minor enough to be resolved by “soft restructuring” says Finnish PM elect
Finland’s PM in waiting Jyrki Katainen told reports that concept of “soft restructuring “could come up in consideration but it is not going to solve Greek problems
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Yen Declines Against Majors
The Japanese yen erased some of its previous session's profits across the board on Wednesday morning in New York. As of 10:10 am ET, the yen traded higher at 81.49 against the US dollar, 83.66 versus the Canadian dollar, 92.24 against the Swiss franc, 115.86 against the euro, 131.53 against the pound, 64.26 against the [...]
US crude futures before the inventory data at 1430 GMT
US NYMEX crude futures was up $1.82 at $98.73 per barrel before EIA inventory data at 1430 GMT
It also got support from yesterdays drawdown in gasoline and distillate stockpiles in API data
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Greek Finmin – Possible Layoffs in Public Sectors to Shrink Liabilities
Russia’s consumer prices rose 0.1 pct in the week to May 16, retaining the same pace as in the previous period, the Federal Statistics Service said
This brings inflation since the start of the month to 0.3 pct
Since the start of the year consumer prices have risen 4.5 pct, compared with 3.7 pct in the corresponding [...]
Canadian Dollar Eases
At 1232 GMT, the Canadian dollar wasat C$0.9742 to the US dollar, or $1.0265, down from Tuesday’sNorth American session end at C$0.9726 to the US dollar, or $1.0282
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Us Stocks to Open Flat to Slightly Higher
S&P 500 futures rose 1.4 points and were about even with fair value
Dow Jones industrial average futures rose 11 points while Nasdaq 100 futures fell 1.5 points
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Euro slips to Session Low
The euro fell to $1.4195, continuing a pullback that began after it hit technical resistance overnight just shy of $1.4290, its 55-day moving average against the dollar
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