CBI accuses Unitech, Swan in telecoms scam probe (Reuters) Posted: 03 Feb 2011 07:12 AM PST Reuters - NEW DELHI (Reuters) The Central Bureau of Investigation (CBI) accused for the first time on Thursday two Indian companies, partly owned by Norway's Telenor and the UAE's Etisalat, of buying mobile licences at unfairly cheap prices in a graft scandal that has tainted the government and spooked investors. |
Food inflation accelerates for 2nd straight week (Reuters) Posted: 02 Feb 2011 11:16 PM PST Reuters - Food inflation accelerated for the second straight week on rising prices of onions and petrol, putting pressure on headline inflation and reinforcing expectations of more monetary action this year to tame inflationary expectations. |
India-Iran oil payments dispute resolved - source (Reuters) Posted: 03 Feb 2011 04:11 AM PST Reuters - The government has resolved a month-long payments dispute with Iran over oil shipments, a source at the oil ministry said on Thursday, by allowing a domestic bank to handle payments in euros with a Germany-based counterpart. |
Nepal picks new PM after seven months of stalemate (Reuters) Posted: 03 Feb 2011 07:36 AM PST Reuters - Nepal's parliament elected a moderate communist leader as prime minister on Thursday, ending a political stalemate which the United Nations had warned could risk a peace process in the republic. |
"Black beauties" fire up railway tourism (Reuters) Posted: 02 Feb 2011 11:05 PM PST Reuters - The pounding of pistons, the rhythmic chuff of a locomotive and storybook names such as "Fairy Queen" are all part of the allure of India's old-fashioned steam railways, which once tied together this vast nation. |
FACTBOX - India battles with illicit flow of funds (Reuters) Posted: 03 Feb 2011 04:59 AM PST Reuters - Big Indian outflows of illicit funds have come into the spotlight with the country's top court criticising Prime Minister Manmohan Singh's failure to crack down on flows to Swiss banks and other tax havens. |
Bitter standoff in Cairo after six killed (Reuters) Posted: 03 Feb 2011 07:36 AM PST Reuters - A bitter and, by turns, bloody confrontation gripped central Cairo on Thursday as armed government loyalists fought pro-democracy protesters demanding the overthrow of President Hosni Mubarak. |
CBI names Unitech, Swan in telecoms scam probe (Reuters) Posted: 03 Feb 2011 04:47 AM PST Reuters - The Central Bureau of Investigation (CBI) accused for the first time on Thursday two Indian companies, now partly owned by Norway's Telenor and the UAE's Etisalat, of buying mobile licences at unfairly cheap prices in a graft scandal that has tainted the government and spooked investors. |
Opponents, West press Mubarak after 6 killed (Reuters) Posted: 03 Feb 2011 03:58 AM PST Reuters - Gunmen fired on anti-government protesters in Cairo, where fighting killed six and wounded over 800 and prompted new calls on Thursday from Western powers for President Hosni Mubarak to start handing over power immediately. |
CBI names first companies in corruption probe (Reuters) Posted: 03 Feb 2011 04:36 AM PST Reuters - Police accused for the first time on Thursday two Indian companies, now partly owned by Norway's Telenor and the UAE's Etisalat, of buying mobile licences at unfairly cheap prices in a graft scandal that has tainted the government and spooked investors. |
CBI names Swan and Unitech in telecoms scam (Reuters) Posted: 03 Feb 2011 03:37 AM PST Reuters - Two Indian companies, in which Norway's Telenor and the UAE's Etisalat now hold large stakes, were given preferential treatment in awarding mobile licences, police said, in a sign a corruption scandal could spread to the business world. |
India services PMI up modestly, input prices at 30-mth high (Reuters) Posted: 02 Feb 2011 09:45 PM PST Reuters - Business activity in India's services sector grew at a faster clip in January than in the previous month, boosted by new orders and expectations of solid growth, but costs also soared, a survey showed on Thursday. |
Five killed as Egypt protesters come under fire (Reuters) Posted: 03 Feb 2011 03:24 AM PST Reuters - Supporters of President Hosni Mubarak opened fire on protesters in Cairo's Tahrir Square on Thursday, killing at least five, in a fresh spike in violence over an unprecedented challenge to his 30-year-old rule. |
INTERVIEW - World Bank chief urges action on rising food prices (Reuters) Posted: 02 Feb 2011 09:05 PM PST Reuters - The world faces a broader trend of increasing food and commodity prices and more countries should wake up to the need to curb price volatility, World Bank President Robert Zoellick said on Wednesday. |
CBI says Swan, Unitech got favourable deals (Reuters) Posted: 03 Feb 2011 01:52 AM PST Reuters - The Central Bureau of Investigation (CBI) said on Thursday that firms Swan and Unitech were given preferrential treatment in the awarding of mobile phone licences in a sign a corruption scam could spread to the business world. |