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India News on April 27, 2012

Meira Kumar hails Sachin's nomination to Rajya Sabha
Lok Sabha Speaker Meira Kumar on Friday hailed the proposal to nominate Sachin Tendulkar to Rajya Sabha. ANI

Patil pained at fallacious observations regarding post retirement home
President Pratibha Devisingh Patil has expressed pain at some fallacious observations regarding the accommodation in Pune, which she was to occupy after relinquishing the office of the President. ANI

SC quashes reservation based promotion for SC/ST in Uttar Pradesh
In a major jolt to former Uttar Pradesh chief minister and Bahujan Samaj Party chief Mayawati, the Supreme Court on Friday quashed the reservation based promotion for socially backward classes (SC/ST) in the state. ANI

President Patil to visit Seychelles and South Africa
In a bid to push for stronger bilateral relations, President Pratibha Devisingh Patil will be paying state visit to Seychelles and South Africa starting from April 30. ANI

Aarushi case: Supreme Court asks Nupur Talwar to surrender
The Supreme Court on Friday asked Nupur Talwar to surrender before the Ghaziabad Sessions Court on Monday in connection with the Aarushi-Hemraj double murder case. ANI

India committed to achieving Millennium Development Goals, Krishna tells Moon
External Affairs Minister S M Krishna on Friday said India is committed to achieving the UN's Millennium Development Goals (MDGs). ANI

Japanese Foreign Minister to pay official visit to India
Japanese Foreign Minister Koichiro Gemba will pay a two-day official visit to India beginning on April 29 at the invitation of External Affairs Minister S.M. Krishna. ANI

Maiden flight of Naval Light Combat Aircraft carried out
The maiden flight of the Naval variant of the Light Combat Aircraft (LCA) was carried out successfully at the HAL Airport here on Friday. ANI

Justice Balakrishnan urges media to highlight rights violations
National Human Rights Commission (NHRC) chairman Justice K.G. Balakrishnan on Friday urged media to highlight issues of human right violations in the country. ANI

BJP should set its own house in order before pointing fingers at Congress over Bofors: Sibal
Union Minister Kapil Sibal on Friday asked the Bharatiya Janata Party (BJP) to set its own house in order first, instead of taking fresh potshots at the Congress Party over the latest revelations connected to the Bofors Gun scam. ANI

Former BJP chief Bangaru Laxman convicted in fake arms deal sting case
Former Bharatiya Janata Party (BJP) president Bangaru Laxman was convicted on Friday under the Prevention of Corruption Act in connection with a 2001 Tehelka sting related to a fake arms deal. ANI

Opposition stalls proceedings in Parliament, demands Chidamabaram's resignation over role in Aircel deal
Opposition parties stalled proceedings in the Lok Sabha on Friday, forcing an adjournment till 2 p.m. over a demand for Union Home Minister P Chidambaram's dismissal in the wake of allegations that his son, Karti, had invested in telecom company Aircel and illegally benefited to the tune of Rs.26 lakh before the company was taken over by Maxis. ANI

Chidambaram's son Karthi may sue Janata Party chief Subramanian Swamy
Union Home Minister P Chidambaram's son Karthi Chidambaram has said that he is likely to consider suing Janata Party chief Subramanian Swamy over allegations that he and his firm Advantage earned Rs.26 lakhs from a deal with Aircel in 2006. ANI

ND Tiwari has to undergo DNA test, rules Delhi HC
The Delhi High Court on Friday asked veteran Congress leader ND Tiwari to undergo a DNA test in the paternity suit filed by Rohit Shekhar, who claims he is the former's son. ANI

India needs to fast-track reforms, cut fiscal deficit to support slowing economy: ADB
The Asian Development Bank (ADB) has said India requires to fast-track reforms and cut down fiscal deficit to support a slowing economy. ANI

Chhattisgarh Government intensifies efforts to free abducted Sukma Collector
The Chhattisgarh Government has intensified efforts to free Sukma District Collector Alex Paul Menon from Maoists captivity. ANI

BJP questions Sonia Gandhi over hesitation to probe Bofors scam
The Bharatiya Janata Party (BJP) has criticised the Congress President Sonia Gandhi over the UPA-II Government's ' hesitation' to re-investigate the 1985-86 Bofors scam. ANI

Prashant Bhushan alleges corruption in defence deals
Supreme Court lawyer and Team Anna member Prashant Bhushan has alleged that there is major corruption in defence deals and named a middleman, who is also the son of a lawmaker, as one of the persons involved. ANI

Brickwork Finance Academy – Briefing on Sovereign Ratings
Brickwork Finance Academy (BFA) has organized a Briefing on ‘Sovereign Ratings’ on Monday, April 30th 2012, at their facility on Bannerghatta Road, Bangalore. This briefing will focus on the recent revision of India’s economic outlook by Standard & Poor’s from stable to negative Business Wire India

HCL Infosystems Introduces First Connect Conversation in Kolkata
HCL Infosystems Ltd., India’s premier ICT System Integration, Services, Hardware and Distribution Company today initiated the Connect Conversation series in Kolkata with the launch of the First HCL Connect Conversation, Kolkata Chapter at the Oberoi Grand. An interesting executive session on the supply chain management and business practices of the Mumbai Dabbawalas was presented by Dr Business Wire India

Tarun Anand Resigns from Thomson Reuters to Concentrate on his Entrepreneurial Venture; Universal Business School
Mr. Tarun Anand resigned from his position of Managing Director Thomson Reuters, South Asia and left Thomson Reuters on March 23rd 2012 to render his undivided focus on Universal Business School (UBS), which he co-founded with two other top management professionals; Mr. Gurdip Singh Anand and Mr. Babulal Varma to introduce the highest quality of business management education to India Business Wire India

Inno Group Appoints M Harinath as Director, Sales and Marketing, Inno GeoCity
Inno Group, a global investment firm focused on real estate with operations in Europe, Middle East and India today announced the appointment of Mr. M Harinath, as Director, Sales and Marketing, Inno GeoCity to lead its sales operations in India and for driving its strategic business growth Business Wire India

Strong Growth Momentum across Business Verticals Drives Biocon’s 16% YoY increase in Revenues in FY12
Commenting on the results, Chairman and Managing Director Kiran Mazumdar-Shaw stated, “I am pleased with the overall performance that we have delivered in FY12. Group Sales have risen by 16% and PAT was sustained at previous year levels despite lower net licensing income. We have delivered particularly strong growth in our Research Services & Branded Formulations business verticals Business Wire India

The Valence Group Advises Arsenal Capital on the Sale of Novolyte to BASF
The Valence Group has advised Arsenal Capital on the sale to BASF of Novolyte, a leading global producer of electrolyte materials for lithium batteries and high-performance solvents Business Wire India

Sterlite Industries (India) Limited Consolidated Results for the Fourth Quarter and Year Ended 31 March 2012
Sterlite Industries (India) Limited ("SIIL" or the "Company") has announced its audited consolidated results for the fourth quarter ("Q4") and full year ended 31 March 2012 ("FY 2012"). Business Wire India

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