General Motors Co will wind down its iconic but tarnished Hummer brand after Chinese regulators rejected a $150 million bid by an obscure Chinese machinery maker to buy the money-losing SUV line.
GM had been trying to complete the deal by the end of February after reaching a definitive agreement in October to sell Hummer to Tengzhong, a little-known heavy machinery company based in Sichuan province.
The collapse of the deal represents another setback for GM, which had been working to shed unprofitable brands and focus on its four core brands -- Chevrolet, Cadillac, Buick and GMC -- after emerging from bankruptcy in July.
Thursday, February 25, 2010
Sachin & dal price - a comic comparison by BJP
The government has "run out of ideas" on controlling the spiralling prices of essential commodities and is "only looking for alibis" to cover up for its failures, main opposition Bharatiya Janata Party (BJP) said on Thursday.
"Has this government run out of ideas on how to control prices?" Leader of Opposition Arun Jaitley asked while initiating a short duration discussion on the subject in the Rajya Sabha. "Obviously it has. The government is only looking for alibis."
"Could the government not anticipate the supply-side shortfall," he wondered. "Today, we are facing a situation where the government's inability to control inflation has become an indirect tax on the consumer."
"Has this government run out of ideas on how to control prices?" Leader of Opposition Arun Jaitley asked while initiating a short duration discussion on the subject in the Rajya Sabha. "Obviously it has. The government is only looking for alibis."
"Could the government not anticipate the supply-side shortfall," he wondered. "Today, we are facing a situation where the government's inability to control inflation has become an indirect tax on the consumer."
CPI - M suspends one of senior mem & Kollam mayor
A senior Communist Party of India-Marxist (CPI-M) leader in Kerala lost his job as Kollam Municipal Corporation mayor and was suspended from his party on Thursday for being present at a function of the Rashtriya Swayamsevak Sangh (RSS).
N Padmalochan inaugurated the organising committee office for state-level meetings of the RSS here early this month. Ever since he lit the lamp there, his rivals in the CPI-M were up in arms demanding that he be asked to quit the post of mayor.
N Padmalochan inaugurated the organising committee office for state-level meetings of the RSS here early this month. Ever since he lit the lamp there, his rivals in the CPI-M were up in arms demanding that he be asked to quit the post of mayor.
Post Master Gen. of Maha & Goa arrested on bribery charges
The Chief Post-Master General of Maharashtra and Goa was today arrested for allegedly taking a bribe of Rs 2 crore to transfer government land meant for post offices to private parties. The CBI has called it the biggest catch in the last 60 years.
Manjit Singh Bali was apprehended by the anti-corruption wing of the investigative agency, officials said.
Bali, a 1978 batch civil services officer, is among the top 10 senior officers of the country.
Manjit Singh Bali was apprehended by the anti-corruption wing of the investigative agency, officials said.
Bali, a 1978 batch civil services officer, is among the top 10 senior officers of the country.
ISRO to launch JUGNU - built by students os IIT-K
A satellite developed by IIT Kanpur 'Jugnu' that will provide information on natural calamities will be handed over to scientists of the Indian Space Research Organisation (ISRO) on March six by President Pratibha Patil.
After testing it, ISRO will launch the satellite from Sriharikota, IIT-K Registrar Sanjeev Kasalkar told PTI.
The satellite will help in gathering prior information regarding flood, drought and disaster management.
After testing it, ISRO will launch the satellite from Sriharikota, IIT-K Registrar Sanjeev Kasalkar told PTI.
The satellite will help in gathering prior information regarding flood, drought and disaster management.
CCTV footage broadcast banned - ATS still clueless on the blast
Broadcast of CCTV footage of the bombed German Bakery here has been banned by a court to protect witnesses and ensure unhindered investigations in the case.
The court issued its directive on an application filed by the Maharashtra ATS, Pune Police Commissioner Satyapal Singh said.
The order also applies to the CCTV footage from the five star hotel adjacent to the site of the blast on February 13, he said. Sixteen people have died in the blast.
The court issued its directive on an application filed by the Maharashtra ATS, Pune Police Commissioner Satyapal Singh said.
The order also applies to the CCTV footage from the five star hotel adjacent to the site of the blast on February 13, he said. Sixteen people have died in the blast.
M F Husain - a Quatar citizen - no more an Indian.
Indeed a sad day for India as Qatar has welcomed MF Husain, one of India's greatest artist.
Since 2006, when the Hindutva hate campaign against him escalated, the artist has been living in Dubai, spending his summers in London.
Husain has been conferred Qatar nationality - something that is very rarely given. The artist told this to The Hindu from Dubai, early on Wednesday morning.
Since 2006, when the Hindutva hate campaign against him escalated, the artist has been living in Dubai, spending his summers in London.
Husain has been conferred Qatar nationality - something that is very rarely given. The artist told this to The Hindu from Dubai, early on Wednesday morning.
MCD discards ghost employee issue
Less than three months after Municipal Commissioner K S Mehra acknowledged that there are 22,853 employees on the civic body’s payroll who are neither registered for biometric attendance nor attend work, the MCD’s counsel told the Delhi High Court on Wednesday that no employee is being paid without work.
Ajay Arora, counsel for the Municipal Corporation of Delhi (MCD), told the court that the issue of “ghost employees” was blown out of proportion, and that the inquiry initiated by the MCD last November might find there were no such employees.
Ajay Arora, counsel for the Municipal Corporation of Delhi (MCD), told the court that the issue of “ghost employees” was blown out of proportion, and that the inquiry initiated by the MCD last November might find there were no such employees.
FBI shares more info on Headley's India visit
Major defence establishments in and around Pune, including National Defence Academy (NDA) at Khadakwasla, were on the radar of US-based jihadi David Coleman Headley who had not only videographed these places in detail but also shared it with his Lashkar handlers in Pakistan in March last year.
This was revealed by the FBI to India during its recent exchanges over the ongoing probe, making it clear that Headley -- who is currently in American jail -- had specifically been asked by Lashkar-e-Taiba (LeT) to scout for "defence installations", besides Jewish centres and places frequented by foreigners, after the 26/11 attacks.
This was revealed by the FBI to India during its recent exchanges over the ongoing probe, making it clear that Headley -- who is currently in American jail -- had specifically been asked by Lashkar-e-Taiba (LeT) to scout for "defence installations", besides Jewish centres and places frequented by foreigners, after the 26/11 attacks.
India needs GM crops to provide food security to its Increasing POPULATION
Pushed to a corner by Environment Minister Jairam Ramesh’s peremptory freeze on Bt brinjal, the UPA government took the first step of finding a way out. And it needed the authority of Prime Minister Manmohan Singh to do that.
In a clear enunciation of the government’s policy on GM crops — a policy that got clouded by Ramesh’s rhetoric — the Prime Minister underlined the importance of biotechnology in productivity and food security, called for private investment in biotech, a time-frame for a decision on Bt brinjal and a national biotechnology regulatory authority.
In a clear enunciation of the government’s policy on GM crops — a policy that got clouded by Ramesh’s rhetoric — the Prime Minister underlined the importance of biotechnology in productivity and food security, called for private investment in biotech, a time-frame for a decision on Bt brinjal and a national biotechnology regulatory authority.
Intel to boost its workforce strength
Giant US technology company Intel Corp is working with a range of venture capital firms to organize $3.5 billion in investment in promising technology, $200 million of which will come from Intel itself, Intel President Paul Otellini has said.
Intel also announced plans for it and other companies to double their hiring of college graduates, creating more than 10,500 jobs. Otellini estimated the annual paychecks would total more than $1 billion.
The chipmaker has organized a group of 24 venture capital firms to invest in technologies to create economic growth and jobs, he said.
Intel also announced plans for it and other companies to double their hiring of college graduates, creating more than 10,500 jobs. Otellini estimated the annual paychecks would total more than $1 billion.
The chipmaker has organized a group of 24 venture capital firms to invest in technologies to create economic growth and jobs, he said.
Rail Budget fails to cheer the market mood
The populist rail budget for 2010-2011 presented by Rail Minister Mamata Banerjee failed to enthuse investors and marketmen and stocks across the board snapped the last two days gains and closed lower than their previous levels in a choppy trading session in which nearly 65 per cent of stocks declined as compared to advance of 33 per cent.
The benchmark BSE Sensex closed down by 30.35 points at 16,255.97 after touching an intra day low of 16187.44, while the NSE Nifty closed down by 11.45 at 4858.60 level from its earlier day closing of 4870.05.
The benchmark BSE Sensex closed down by 30.35 points at 16,255.97 after touching an intra day low of 16187.44, while the NSE Nifty closed down by 11.45 at 4858.60 level from its earlier day closing of 4870.05.
Still address proof verification, a incomplete process.
It's the number on everyone's lips since Tuesday evening — 9734695789. The Vodafone number reportedly belongs to Maoist leader Kishanji. This is the number he publicised through media and asked Union home minister P Chidambaram to dial on February 25 for peace negotiations.
An investigation has revealed the number was never registered in the name of Koteswar Rao (Kishanji's actual name). Though vodafone india has not officially confirmed this, sources said the SIM card is registered in the name of Sisir Kanti Nag and was bought at Kharagpur town. The address reportedly registered with vodafone india against this SIM card is: Inda Ward 11, Kharagpur Town, Midnapore West 721301.
An investigation has revealed the number was never registered in the name of Koteswar Rao (Kishanji's actual name). Though vodafone india has not officially confirmed this, sources said the SIM card is registered in the name of Sisir Kanti Nag and was bought at Kharagpur town. The address reportedly registered with vodafone india against this SIM card is: Inda Ward 11, Kharagpur Town, Midnapore West 721301.
Chandigarh failed to bring back the wotks of its designer
Decades after master architect Le Corbusier designed Chandigarh, the only planned city in independent India, its administration is fighting to retrieve his artefacts which have been auctioned in France.
After failing to stall the Feb 16 auction of Corbusier's works in Paris, the administration is now looking for a glitch in the sale so that it can sue.
Ignoring a notice from the Chandigarh union territory's government, Paris-based auction house Artcurial had auctioned works of Corbusier and his team -- including wooden carvings of sketches, graphs and drawings prepared under the supervision of the architect.
After failing to stall the Feb 16 auction of Corbusier's works in Paris, the administration is now looking for a glitch in the sale so that it can sue.
Ignoring a notice from the Chandigarh union territory's government, Paris-based auction house Artcurial had auctioned works of Corbusier and his team -- including wooden carvings of sketches, graphs and drawings prepared under the supervision of the architect.
Sachin's Double hundred - a rewritten history
Milestone man Sachin Tendulkar said he sensed he could be the first batsman to hit an ODI double century only after he had reached 175 in the second one-dayer against South Africa.
Tendulkar, whose unbeaten 200 earned him a slice of one day history, said he was merely striking the ball well early in his innings. It was only in the final eight overs that he realised he stood a chance to re-write history.
"In the first half an hour, I was striking the ball well and timing well. The ball was coming nicely onto the bat," Tendulkar said after the match.
"I was not thinking about it all along. It was only when I crossed 175 and realised that it was still the 42nd over, I felt I have an opportunity. So I decided to take singles and give strike to (Mahendra Singh) Dhoni who was hitting so well," said the batting great.
Tendulkar, whose unbeaten 200 earned him a slice of one day history, said he was merely striking the ball well early in his innings. It was only in the final eight overs that he realised he stood a chance to re-write history.
"In the first half an hour, I was striking the ball well and timing well. The ball was coming nicely onto the bat," Tendulkar said after the match.
"I was not thinking about it all along. It was only when I crossed 175 and realised that it was still the 42nd over, I felt I have an opportunity. So I decided to take singles and give strike to (Mahendra Singh) Dhoni who was hitting so well," said the batting great.
UN blames India for rising drug abuse in neighbouring countries
The United Nations narcotics control division, International Narcotics Control Board (INCB), has blamed India for the rising drug abuse in its neighbourhood, particularly in Bangladesh and Bhutan.
Worse, the UN agency says India is the primary source of injectible drugs such as pethidine and morphine widely abused in these countries. In fact, more and more addicts in these countries are shifting to injectible narcotics abuse.
Worse, the UN agency says India is the primary source of injectible drugs such as pethidine and morphine widely abused in these countries. In fact, more and more addicts in these countries are shifting to injectible narcotics abuse.
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