Infosys, Wipro projects kept on hold, not scrapped: West Bengal

KOLKATA - West Bengal’s ruling Left Front Wednesday said the IT township project involving giants Infosys and Wipro has only been kept on “hold” and not cancelled.

Tata Steel signs bonus agreement with workers’ union

KOLKATA - Tata Steel management has signed a bonus agreement with employees, the company said Wednesday.

Hotel prices fell by 17 percent: Report (Business Capsule)

KOLKATA - The average price of a hotel room around the world fell by 17 percent in the first six months of 2009, according to a report by Hotels.com.

CPI-M alleges that “imperial forces” killed their party cadres

KOLKATA - Leaders of the Communist Party of India (Marxist) (CPI-M) have charged “imperialist forces” of masterminding the elimination of their party cadres and also dividing the poor people.

Centre to finalise IFRS roadmap by Nov: Khurshid

KOLKATA - The centre will finalise a comprehensive roadmap for Indian corporates by November to adopt the International Financial Reporting Standards (IFRS) set to be operational from 2011, Corporate Affairs Minister Salman Khurshid said Tuesday.

West Bengal to set up Chief Minister’s Office soon

KOLKATA - Desperate to tone up the state administration after a string of electoral drubbings, the West Bengal government has decided to introduce a Chief Minister’s Office (CMO) on lines of the Prime Minister’s Office (PMO), an official said here Tuesday.

Enforcement Directorate yet to give final report on Satyam

KOLKATA - The Enforcement Directorate (ED) is yet to give its final report on the multi-crore accounting fraud in Satyam Computers, Corporate Affairs Minister Salman Khurshid said here Tuesday.

UCO Bank inks deal with Mahindra for car financing

KOLKATA - UCO Bank has signed an agreement with auto major Mahindra and Mahindra for car financing, a top official of the bank said here Tuesday.

‘British investors have negative perception about West Bengal’

KOLKATA - The West Bengal government’s decision to scrap an ambitious IT project, where companies like Infosys and Wipro were to set up units, has not gone down well with British investors, a trade official from that country said Monday.

Drought an important factor in food price rise: Expert

KOLKATA - The principal cause for the price rise of essentials is not futures trading of agricultural commodities like food grains, but the drought in large parts of the country, according to Suman K. Bery, director general of think-tank National Council of Applied Economic Research (NCAER).

1 killed by suspected Maoists in West Bengal

KOLKATA - One man was shot dead and another injured by suspected Maoist rebels Sunday evening in West Bengal’s trouble-hit Binpur region, police said.

Communists are conspiring against the railways: Mamata

KOLKATA - Railway Minister Mamata Banerjee Sunday alleged that West Bengal’s ruling Communists are “conspiring” against the Indian Railways and said “they will be responsible if any accident occurred”.

Somnath slams CPI (M) leadership, says it made party almost irrelevant

KOLKATA - The former Communist Party of India (Marxist) member Somnath Chatterjee on Saturday hit out at CPI(M) leadership terming the charges it levelled against him were “a character assassination” and the current political culture of the present leadership made the party and Left politics “almost irrelevant”.

Pranab shows austerity, flies economy class

KOLKATA - Setting a personal example of austerity, Union Finance Minister Pranab Mukherjee on Saturday travelled from Delhi to Kolkata in economy class of a budget airline.

Austerity flight: Finance minister takes budget airline

KOLKATA - Days after prescribing austerity measures for ministers and party MPs, Finance Minister Pranab Mukherjee arrived here from New Delhi Saturday on a budget airline.

Austerity drive already on in railways: Mamata Banerjee

KOLKATA - Railway Minister Mamata Banerjee Saturday said that her ministry has already begun an austerity drive and taken several cost-cutting measures to reduce additional expenditure.

Smugglers using kids as ‘carriers’ on Indo-Nepal border

KOLKATA - Smugglers active along the porous Indo-Nepal border are now using children, as ‘carriers’ to smuggle goods like sugar and tobacco.

West Bengal gets its first coastal police station

KOLKATA - With the inauguration of Moipith police station in South 24 Pargana district on Friday, West Bengal got its first coastal police station to patrol in the Sunderban delta area.

Bangladeshi fashion designer showcases collection in Kolkata

KOLKATA - Bibi Russell, a noted fashion designer from Bangladesh, showcased her new collection, which is inspired by the rural life on the second day of Kolkata Fashion Week here on Thursday.

Agents’ incentives needed to push pension scheme

KOLKATA - India’s pension regulator has called for attractive incentives for collection agents in a bid to popularise the new social security scheme as they are the main point of contact between the subscriber and the pension fund.

Flood situation grim but slowly improving in West Bengal

KOLKATA - The situation in six flood-hit West Bengal districts - which claimed six lives and affected 1.7 million people - was still grim though there were signs of some improvement after the rains slackened off, officials said.

Kolkata Fashion Week features Ritu Kumar

KOLKATA - Ace designer Ritu Kumar presented her collection on the first day of the star studded Kolkata Fashion Week.

Maoists kill CPI-M leader in West Bengal

KOLKATA - A Communist Party of India-Marxist (CPI-M) local committee leader was shot dead by suspected Maoist rebels Thursday evening in West Bengal’s Bankura district, police said.

Indian Navy inducts two fast attack crafts to boost surveillance

KOLKATA - The Indian Navy, which has been assigned the overall responsibility of maritime security, including coastal and offshore defence after the Mumbai attacks, today inducted two water jet propelled fast attack craft (WJFACs) in order to boost its surveillance capacity.

Released UAE aircraft leaves for China

KOLKATA - A United Arab Emirates (UAE) Air Force transport plane headed for China following its release Thursday, four days after it was detained at the Kolkata airport for carrying weapons and explosives without declaring them, the defence ministry said.

Detained and released: UAE aircraft leaves Kolkata

KOLKATA - A United Arab Emirates (UAE) Air Force transport plane, which was detained at the Kolkata airport four days ago for carrying weapons and explosives without declaring them, was released Thursday morning.

Detained UAE aircraft takes off from Kolkata to China

KOLKATA - The China-bound cargo plane of United Arab Emirate’s (UAE) Air Force which was carrying arms and ammunition, finally took off from the Netaji Subhas Chnadra Bose International Air port on Thursday morning.

External Affairs Ministry directs Defence Ministry to let go UAE military aircraft: Reports

KOLKATA - The Ministry of External Affairs has reportedly directed the Defence Ministry to let go the detained UAE Air Force plane that was detained in Kolkata after arms and ammunition were found on board.

Maiden Swiss foray into India’s hospitality sector

KOLKATA - Swissotel Hotels Wednesday became the first Swiss hospitality chain to enter India as it announced a management contract with the Ambuja Realty group for setting up a five-star hotel at Rajarhat New town on the city’s north eastern fringes.

Bhaskar Silicon’s Haldia plant to start production by 2011

KOLKATA - City-based Environ Energy Tech Services promoted Bhaskar Silicon Private Ltd will start operation of its polysilicon and wafer-processing facility in West Bengal’s industrial township Haldia in 2011, a company official said here Wednesday.

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