CARE, ICRA downgrade RCom rating

Chennai: Shares of Anil Ambani-controlled mobile operating company Reliance Communications came under severe bear hammering early Monday trade, plunging nearly 15 per cent to hit a 52-week low of Rs 21.95. RCom shares were battered on the bourses due to combination of factors ranging from reports of loan defaults to widening losses during the fourth quarter. Over 38.27 lakh shares have changed hands so far as against two week average

Maoists blow up railway tracks in Jharkhand

Giridih: Maoists began their day-long bandh in Jharkhand today by blowing up a railway track on the Howrah-New Delhi Grand Chord section, disrupting movement of several trains including the Rajdhani Express. Superintendent of Police (Railway), Dhanbad, Asim Vikrant Minz said the track was blown up between Chichaki-Karmabad stations under Dhanbad Railway Division at around 12.40 am, shortly after the bandh began midnight last night. Several long-distance trains including Kalka Mail,

Swamy says no compromise on Ram temple

Hyderabad: BJP Rajya Sabha MP Subramanian Swamy said the construction of a grand Ram temple in Ayodhya was a matter of faith for Hindus and that there could be no compromise on this issue. He was addressing a public talk on ‘Building Sri Ram Mandir in Ayodhya Through Legal Framework’ organised by Virat Hindustan Sangam here. “The Ram temple issue is very important for our (Hindus) existence and identity and

CPI sees Hindu Rashtra conspiracy in cattle ban

Thiruvananthapuram: CPI alleged the Central notification banning sale of cattle for slaughter was part of the Sangh Parivar conspiracy for a “Hindu Rashtra.” “Sangh Parivar is trying to force vegetarianism. This is part of their Hindu Rashtra conspiracy,” CPI General Secretary S Sudhakar Reddy told reporters here. It is a “most unwise” decision and the party condemns it, he said adding the course of agitation on the issue would be

Cattle ban will hit meat export business, says official

Kochi: Amid a public outcry over the Centre’s notification banning sale of cattle for slaughter, a PSU in Kerala fears that its business will be badly hit for want of raw materials. The Meat Products of India Ltd (MPI), a meat and meat products manufacturing company in Ernakulam district, sources materials mainly from Andhra Pradesh, Tamilnadu and Karnataka and if the rule is strictly implemented, there would be no movement

BJP-RSS new enemies of Naxalites, say leaders

Kolkata: They have failed to establish a class-less society and their rousing slogan “China’s chairman is our chairman” is no longer heard, but the ideals and the struggle of the Naxalites are still relevant, prominent Naxalite leaders say. Only the character of the enemy has changed – from feudal lords to BJP-RSS, so insist former Naxalites like Vervara Rao and Santosh Rana as well as present-day leaders like Dipankar Bhattacharya.

Kerala Youth Congmen slaughter calf in public

Kannur/Thiruvananthapuram: Police booked some Youth Congress activists who allegedly publicly butchered a calf to protest the Centre’s ban on sale of cattle for slaughtering, as the incident drew flak from various quarters. Kerala BJP president Kummanam Rajasekharan, who posted the video of the the gory incident on twitter, called it “cruelty at it peak” and said no normal person can behave in this manner. CPI(M) MP M B Rajesh said

Judicial enquiry on Vizhijam seaport: Kerala CM

Alapuzha: Kerala Government was contemplating to order a judicial probe by a High Court Judge into the Rs 7,525 crore Vizhijam multipurpose seaport project agreement in the backdrop of CAG observation that State’s interests were not protected. This was stated by Chief Minister Pinarayi Vijayan at a function here yesterday. “A high level judicial inquiry by a High Court Judge is what we have in mind”, the Chief Minister said.

AIITEA to form front to address IT layoffs

Bengaluru: Members of the All India IT Employees Association is planning to organise a united front of IT employees associations to hold talks with Karnataka government to resolve various problems, including layoffs soon. “We are planning to organise a united front of IT employees associations to hold talks with Karnataka government to resolve the problems including layoffs soon,” AIITEA President Syed Muqueemuddin told PTI here. The decision to bring all

We do not need lessons on food habits: Kerala CM

Alappuzha (Ker): Racheting up his attack on the Centre over the ban on the sale of cattle for slaughter at animal markets, Kerala Chief Minister Pinarayi Vijayan said the people in his State do not need a lesson on food habits from New Delhi or Nagpur. Keralites have been following a traditional food habit, which is healthy and nutritious, and no one can change it, he said at a function

Various tax slabs under GST worry traders: CAIT

New Delhi: Classification of different items under various tax slabs of GST has created an environment of anxiety and concern among the trading community across the country, Confederation of All India Traders said. Various verticals of retail trade are demanding lower tax on items being dealt by them since they have been categorised under higher tax slab in comparison to tax slab of current VAT tax regime, CAIT said. As