BSE director Vivek Kulkarni resigns

Vivek Kulkarni,an ex-IAS officer,has stepped down from the Board of the Bombay Stock Exchange (BSE).

Mumbai: Vivek Kulkarni,an ex-IAS officer,has stepped down from the Board of the Bombay Stock Exchange (BSE) and is believed to have cited lack of corporate governance as a reason for his resignation. Sources in the know said Kulkarni resigned about two months ago. They,however,did not disclose the reasons for his resignation. According to sources,Kulkarni is believed to have objected to the exchanges proposal to buy Computer Age Management Services,a mutual funds registrar and transfer agent.

Kerala opens ports to private investment

Thiruvananthapuram: In a bold policy initiative,Kerala government has thrown open some of its major ports to private parties for development with a total investment possibility of Rs 4,000 crore. Apart from this,the state has also invited tenders from prospective bidders for becoming partner in the first phase of the Vizhinjam International Deep-sea Transhipment Container Terminal here. Inaugurating Kerala Ports and Maritime Business Convolve here,state chief minister V S Achuthanandan said

Story continues below this ad

government would introduce a draft bill on setting up of State Maritime Board in the assembly in next session.

I-T dept strikes Rs 50 crore deal with BSNL

New Delhi: The Income Tax department has struck an estimated Rs 50 crore deal with state-owned telecom

company BSNL to provide 51,000 mobile connections and one thousand high-end Blackberry phones for secure and fast communication amongst its officers and staff. The departments new telecom kitty,formulated to help I-T officials to enhance their speed of communication for official work,has a heavy shopping list with the joint network of BSNL and MTNL. This provides for supply of 51,000 mobile connections,22,000 landline connections,8,000 3G datacards with 5GB download per month,1,000 Blackberry phones,5,000 broad bandconnections and unlimited free SMS facility to the entire network of BSNL/MTNL.

Rural poor to get Rs 1,400 sop for LPG

Mumbai: Oil minister Murli Deora on Friday said the government would offer Rs 1,400 subsidy per LPG connection to BPL families in rural areas as part of its effort to increase the reach of cooking fuel among the poor. The proposed subsidy will be available to the new connections being offered under the Rajiv Gandhi Rural LPG Distribution Scheme, Deora told reporters here.

UBL gets shareholders nod for merging firms

Story continues below this ad

New Delhi: In a move to consolidate its businesses,United Breweries Ltd (UBL) on Friday said three of its

group firms will be merged into itself in order to have better synergies and enabling cost savings. The proposal to merge Associated Breweries and Distilleries Ltd (ABDL),Millennium Alcobev Pvt Ltd (MAPL) and Empee Breweries Ltd (EBL) has been approved by shareholdersas well as secured and unsecured creditors of the company,UBL said.

Indian techie shot dead by police in US’ California; family urges MEA to bring back body

World41 min ago

A 30-year-old man from Telangana, Mohammed Nizamuddin, was allegedly shot dead by police in Santa Clara, California. His father, Mohammed Hasnuddin, is seeking assistance from the Indian and Telangana state governments to bring back his son's body. The exact circumstances of the incident remain unclear, but Nizamuddin's father has appealed to the Ministry of External Affairs for help.

View all shorts

Live Blog