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Headlines
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News:
Naval version of Trishul successfully test-fired
Veerappan to be nabbed soon: TN govt
Jharkhand Governor to quit
Maoists bomb second Coca-Cola plant in Nepal
US-based surgeon chosen "NRI 2001"
Pak hands over list of criminals to US for extradition
American reporter drawn into a well-laid trap: report
States not paying for power to face cut in Central assistance
Mauritius seeks Indian know-how in developing IT
Jet to maintain fleet strength at 31 big and 8 small planes
SAIL losses up 229% in Q3; Ministry reviews performance
IT bellwether Infosys Tech leads downtrend on BSE
Fleming fined for dissent
HC gives notice to government for overcrowding at one-dayer
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Markets:
Sensex: 3298.79, -14.49
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Forex, Metals and
Weather below
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News
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Naval version of Trishul successfully test-fired
New Delhi,Wednesday, January 30, 2002: A Naval version of short-range surface-to-air missile Trishul was successfully test-fired on January 28 and 29 at Kochi, it was officially announced here today.
The missile was tested in sea-skimming mode against low-flying targets, establishing capability of the system in "anti-sea skimmer" role, the announcement said.
Trishul has a range of 9 km and is part of India's indigenous integrated missile development programme.
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Veerappan to be nabbed soon: TN govt
Chennai,Wednesday, January 30, 2002: Tamil Nadu government today said it has received 'some precious information' on the whereabouts of forest brigand Veerappan, and that 'it is only a question of time' before the poacher was nabbed.
Disclosing this before newsmen at the secretariat here, state home secretary Naresh Gupta, however, refused to divulge further details saying the nabbing operations were 'military-like'.
He also could not give a time-frame for capturing the sandalwood smuggler, involved in the killing of several people and smuggling of sandalwood worth crores of rupees.
Director General of Police B P Nailwal told PTI last night that he had deputed City Police Commissioner K Vijayakumar, who formerly headed the STF, to Satyamangalam forests to coordinate STF operations. "He has been deputed to pursue some vital clues," Nailwal added.
According to some reports, the forest brigand was 'sick' and unable to move in the forest during night owing to some eye problems.
Meanwhile, Chief Minister O Panneerselvam, after paying homage to Mahatma Gandhi on the occasion of his death anniversary at the secretariat here, said though he had no definite information on 'zeroing in' of Veerappan, he would tell the press when the brigand was captured. He declined to elaborate saying it would hamper the search operations.
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Jharkhand Governor to quit
Ranchi,Wednesday, January 30, 2002: Jharkhand Governor Prabhat Kumar, who is in the thick of a controversy over allegedly accepting hospitality of a tainted businessman when he was Cabinet Secretary, today said he will resign from the post.
In a statement issued by the Rajbhawan here, Kumar denied reports that he had hosted parties whose expenses were borne by an industrialist under CBI probe and added he had never done anything that could lower his integrity or dignity.
"I will submit my resignation to the President," he said in the statement adding he was deeply distressed over the media campiagn against him and did not want to continue as Governor any longer.
On Monday, following reports that he had already sent his resignation, his Principal Secretary D S Mukhopadhyay issued a statement denying he had resigned.
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Maoists bomb second Coca-Cola plant in Nepal
Kathmandu,Wednesday, January 30, 2002: Striking for the second time at a Coca-Cola plant in Nepal, Maoist guerrillas bombed a factory of the softdrink giant in Chitawan district causing little damage, a staffer said today.
Maoists exploded a powerful bomb at the Coca-Cola factory at Gondrang in Bharatpur municipality of Chitawan district yesterday but missed the target causing no serious damage, he said, adding, no one has been reported injured.
The incident occurs two months after a similar attack on the company's Kathmandu factory.
The blast shattered window panes and caused cracks in houses within 200 metres. A wall also collapsed by the impact of the blast.
The Maoists in November bombed Coca-Cola's other factory in Nepal, on the outskirts of Kathmandu, after the government declared a state of emergency to contain the guerrillas.
The step is being viewed by the local business-community as a means to convey resentment against the United States. The Nepalese own almost no shares in the Coca-Cola's factories in the country.
The US has backed Nepal's crackdown on the Maoists, who are anti-American. Nepal in turn has firmly backed the US-led military campaign in Afghanistan.
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US-based surgeon chosen "NRI 2001"
Dubai,Wednesday, January 30, 2002: US-based Indian plastic surgeon, Sharadkumar Dicksheet, who had been performing nearly 57,000 surgeries on poor children every year in India, has been honoured with the "NRI Of The Year, 2001" award.
Dicksheet, 71, who braved paralysis, cancer and two heart attacks, has been conducting free corrective operations for under-privileged children in India six months a year.
Indian Ambassador to the UAE, K C Singh, would hand-over the award, instituted by NRI World Magazine and Merryl Lynch, to Dicksheet.
Dicksheet, who travelled to India from his Brooklyn home, had been conducting free reconstructive surgeries on poor children giving their life a new meaning.
The nominees for the award included nobel laureate, V S Naipaul and Pepsico USA President, Indra Nooyi, Chief Executive of the NRI Network Corporation and Publisher of NRI World, Jeevan d'mello, told reporters.
"In India a child with cleft palat cannot suckle and can die of starvation or may even be abandoned by poor parents," Diksheet, the five times Nobel peace prize nominee, said.
In his childhood, Diksheet, from Wardha, was inspired by Mahatma Gandhi.
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Pak hands over list of criminals to US for extradition
Islamabad,Wednesday, January 30, 2002: Pakistan has handed over a list of its eight 'most wanted criminals' currently hiding in the US to the FBI for their immediate extradition.
The list was handed over during the recent visit of FBI Chief Robert Muller to Islamabad, Pakistan Daily The News reported today.
The list included criminals against whom Interpol has issued Red warrants, it said.
Mueller was told during his visit by the Pakistan
officials that the Interpol had also confirmed the presence of these wanted men in the US and the FBI should help Pakistan to get them back.
According to the list, the names of the most wanted men included, former Sindh chief minister Syed Abdullah Shah, Nighat Bari, Dr Shahzad Munawwar, Nayyar Bari, Muhammad Salman Farooqi, Sheikh Waris, Tousif Khawar Sheikh and Shakeel Amir Sheikh.
The newspaper said Pakistani authorities were quite hopeful of getting these "wanted" men extradited from the US due to Islamabad's full cooperation with Washington during the recent military engagements in Afghanistan.
Interestingly Pakistan itself is mulling over the list of 20 criminals and terrorists which was forwarded by India which also produced Interpol Red warrants specially against 14 Indian nationals which included the Mumbai underworld Dawood Ibrahim and a number of his associates.
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American reporter drawn into a well-laid trap: report
New York,Wednesday, January 30, 2002: American reporter Daniel Pearl, who was kidnapped in Pakistan, was drawn into a well-laid trap of a secret meeting with the now absconding cleric once labelled "terrorist", police and reports said here.
According to a report, Pearl, who was kidnapped last Wednesday, was allegedly trapped by abductors who had been in contact with him for more than two weeks.
Pearl, working for the Wall Street Journal, was reporting on the militant Islamic underworld, apparently believed that the cleric, Sheik Mubarik Ali Shah Gilani, had links to Al Qaeda, officials said, adding the FBI has entered the investigation to examine Gilani's involvement with American Muslim groups accused of assassinations.
His suspicion that Gilani had ties with Richard C Reid, the shoe-bomb suspect, who studied Islam in Pakistan, could also have been the reason for the cleric being the focus of Pearl's inquiries, officials added.
A 1995 State Department report, 'Patterns of Global Terrorism', had labelled the same cleric and his organisation, Jamaat ul-Fuqra, as "terrorist," the report said.
The Islamic sect Jamaat ul-Fuqra, it added, was established by Sheik Mubarik Ali Gilani of Pakistan in the early 1980's, but had many cells in North America, where its
followers lived in rural compounds.
The group had identified those it saw as enemies of Islam, mainly Hindus and Muslims whom it considered heretics, the report said, adding that in the 1980's it engaged in "assassinations and firebombings across the US," with some members convicted of murder and fraud, the report said.
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States not paying for power to face cut in Central assistance
Bangalore,Wednesday, January 30, 2002: States failing to pay up for the power supplied by central utilities would face recovery through a cut in Central plan assistance and other allocations to them, Union Minister for Power Suresh Prabhu said today.
Speaking to reporters here, he said the Reserve Bank of India had been authorised to deduct from central allocations of the defaulting states and in turn pay the amount due to the Centre.
The measure conceived as part of a blueprint for power sector development would put pressure on state electricity boards (SEB) to recover the outstanding dues to them, he said.
The SEBs owed over Rs 41,000 crore to various central power utilities, he said, adding that a one-time settlement of outstanding dues had been reached and it would be cleared by the Cabinet soon.
Under the settlement, part of the dues would be securitised through bonds issued by the state governments.
Prabhu said the Centre would enter into legally enforceable power agreements instead of Memorandums of Understanding with states to make them fall in line with the milestones specified by the Union government.
MoUs were "general in nature" and had no teeth and would therefore be converted into Memorandums of Agreement, he said.
Prabhu said at least 31,000 MW would be generated in the Tenth Five Year Plan, with substantial investment in the public sector. The generation could reach upto 40,000 MW with a "little more" monitoring and even upto 51,000 MW with additional public funding, he said.
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Mauritius seeks Indian know-how in developing IT
Bangalore,Wednesday, January 30, 2002: President of Mauritius Cassam Uteem has sought Indian expertise in developing the information technology sector in his island nation.
Addressing a luncheon meeting, jointly organised by FICCI and CII here today, he said Mauritius intended to develop the IT sector aggressively and rapidly, and asked India to play a major role in the effort.
Uteem, who arrived here yesterday on a two-day IT-focussed visit, said Mauritius considered India as its strategic partner in the development of IT sector.
Responding to a question, Uteem, whose ancestors hailed from Azamgarh district in Uttar Pradesh, said he would "throw his weight" to see that there was a direct flight between Bangalore and Mauritius very shortly.
Currently, Mauritius operates six flights to India every week.
Uteem, who visited the campus of NASDAQ-listed Infosys Technologies Ltd, urged IT companies from Bangalore to set up their businesses in Mauritius which, he said, 'is on the path of economic liberalisation'.
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Jet to maintain fleet strength at 31 big and 8 small planes
New Delhi,Wednesday, January 30, 2002: Premier private carrier Jet Airways today said it did not want to expand its fleet strength beyond 31 Boeings and eight turboprop aircraft in the next fiscal, after it gets one more new Boeing in May-June to replace a leased 737-400 aircraft.
Announcing its plans to start operations on Delhi-Patna sector by March-end, the airline's Executive Director Saroj Dutta told reporters that the recent borrowings by Jet Airways -- 15 million dollars from US-based International Finance Corporation (IFC) and 45 million from Infrastructure Development Finance Corporation (IDFC) -- would "finally lead to an initial public offer (IPO) one day".
"But when that will happen is not yet decided," he said in reply to questions. "We are looking at the possibilities".
Dutta said the airline was talking to IDFC for another loan tranche of ten million dollars and a decision is "likely in the next few days". Jet's aircraft acquisition plans were being financed by loans from international financial institutions and "guaranteed by the US Exim Bank", he said.
Asked whether the airline was thinking of operating to international sectors if the Government allowed it as part of the proposed Civil Aviation Policy, Dutta said nothing had been planned as yet.
"Once we are granted the rights, we will have to take into account various factors like the market, the routes and equipment and what we will have to divert from our domestic operations. These issues will he addressed only when we know (about Government's decision) definitely," he said.
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SAIL losses up 229% in Q3; Ministry reviews performance
New Delhi,Wednesday, January 30, 2002: Despite a huge bail out package, public sector steel giant SAIL suffered a massive loss of Rs 585.38 crore in the third quarter of the current fiscal over Rs 177.6 crore losses registered in the same period last year.
Steel Authority of India Ltd. was given a bail out package of over Rs 8,400 crore by way of waivering loans from Steel Development Fund (SDF) and guarantee for raising loans for implementing voluntary retirement scheme and meeting capital expenditure in 2000.
According to SAIL, the losses which have gone up by 229 per cent in the third quarter, was mainly due to sharp drop in net sales realisation and increase in input prices mainly coal and power.
The accumulated losses in the first nine months of current financial year stood at Rs 1,290 crore as against Rs 698 crore in the corresponding period of 2000-2001.
Reviewing the performance, Union Minister of Steel B K Tripathi has asked SAIL management to achieve the milestones including trimming the workfoce to one lakh by 2005 and return to profitability by 2003, among others.
Tripathi asked SAIL to make up its shortfalls during the last quarter and try to achieve targets on all fronts and advised the PSU to expedite the disinvestment of non-core units and earmarked plants.
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IT bellwether Infosys Tech leads downtrend on BSE
Mumbai,Wednesday, January 30, 2002: Led by IT bellwether Infosys Technologies, equities moved further downwards pushing the sensex below 3300-mark in persistent listless activity on the Bombay Stock Exchange (BSE) today due to fresh selling by speculators as well as Foreign Institutional Investors (FIIs).
Infosys Tech bore the brunt of selling, triggered by a sharp fall in share values on Wall Street yesterday. The Dow Jones Industrial Average dropped by about 247 points and the Nasdaq Composite Index lost 51 points last night.
As a result, the BSE Benchmark 30-share Index that moved in a narrow range between 3309.98 and 3275.58, later ended the session at 3298.79 as against yesterday's close of 3313.28, netting a loss of 14.49 points or 0.44 per cent.
The broad-based BSE-100 Index also moved down by 6.72 points to 1575.11 from previous close of 1581.83.
Partly attributing the weak trend to the Enron imbroglio that is believed to affect inflow of foreign investments in the country, market sources said FIIs which have been net sellers since January 15, have stepped up selling this week.
Even announcements by several companies of third quarter financial results in keeping with market expectations, failed to impress local investors because of FII slowdown.
Gujarat Ambuja Cement, BSES, Grasim, SBI and Tisco, however, bucked the trend and scored handsome gains helping mitigate the sensex losses.
Asian stocks markets also reacted negatively due to weak trend on Wall Street. The Nikkei closed lower by 106.55 points Hang Seng by 257.28 points and Singapore ST Index by 15.63 points.
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Fleming fined for dissent
Sydney,Wednesday, January 30, 2002: In keeping with the new ICC directive to the match referees asking them to be stricter with players violating the Code of Conduct, India's Hanumant Singh fined New Zealand skipper Stephen Fleming 40 per cent of his match fee for showing dissent to an umpire during yesterday's one-day match loss to Australia at Melbourne.
Hanumant Singh slapped the fine today following a post-match hearing after Fleming was reported by umpires Simon Taufel and Darrell Hair. Besides Fleming, those present duting the hearing included Hair, Taufel, New Zealand vice captain Chris Cairns, and team manager Jeff Crowe. In the 15th over of the match yesterday, Fleming, while he was batting, claimed Australia had breached match rules by having more than three fieldsmen outside the inner circle on the field in the 15th over. After hitting a four off Shane Warne, Fleming gesticulated and shouted at umpire Hair pointing out that Australia had too many men outside the circle and it should have been called a no-ball. Hanumant Singh ruled: "after considering all the arguments from both sides, Stephen Fleming's past record and the fact that to the best of my knowledge this is the first incident of its kind, but keeping in the mind ICC's express concern to speed up the process of cleaning the game of its unsavoury elements, it has been decided to fine Fleming only 40 per cent of his match fee for violation of ICC code number 3".
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HC gives notice to government for overcrowding at one-dayer
Chennai,Wednesday, January 30, 2002: The Madras High Court today issued notice to Tamil Nadu government pleader on a petition seeking appointment of a high powered committee to inquire into the overcrowding at the M A Chidambaram stadium here for the third one day India-England cricket match on January 25.
Issuing the notice on a PIL filed by advocate Sivapprasad, a division bench, comprising Chief Justice B Subhashan Reddy and Justice A Subbulakshmi, directed the government pleader to file a counter affidavit within two weeks.
The advocate had also prayed that a comprehensive scheme be evolved to regulate issue of tickets for international cricket matches and avoid overcrowding, stampede, suffocation or structural collapse.
According to the petitioner, he was one of the thousands of spectators who had gone to witness the one-dayer but left the stadium for fear of being killed in a stampede or by suffocation.
He charged the Tamil Nadu Cricket Association with throwing all safety precautions to the winds by allegedly selling thousands of tickets more than the capacity of the stadium.
He also prayed for a direction to the TNCA to refund the value of tickets held by spectators who were denied entry and to restrain the association from holding any international event without evolving safety measures to avoid overcrowding.
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Sensex: 3298.79, -14.49
The sensex closed at 3298.79, down 14.49
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Forex
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1 U.S. $ = 48.43 INR
1 Japanese Yen = 0.36 INR
1 British Pound = 68.53 INR
1 Canadian $ = 30.48 INR
1 Singapore $ = 26.40 INR
1 UAE Dirham = 13.18 INR
1 Saudi Arabian Riyal = 12.91 INR
1 Euro = 41.88 INR
1 Qatar Rial = 13.30 INR
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Metals
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No data
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Weather
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Temperature: 77 F / 25 C
Humidity: 74%
Dewpoint: 68 F / 20 C
Wind
Calm
Pressure: 29.91 in / 1013 hPa
Conditions
Smoke
Clouds
Clear (SKC)
Sunrise : 07:12 AM (IST)
Sunset : 06:28 PM (IST)
Moon Rise : 08:10 PM (IST)
Moon Set : 08:26 AM (IST)
Tonight : Low: 71 F / 22 C Clear
Thursday : High: 80 F / 27 C Clear
Thursday Night : Low: 73 F / 23 C Clear
Friday : High: 80 F / 27 C Scattered Clouds
Friday Night : Low: 71 F / 22 C Clear
Saturday : High: 80 F / 27 C Clear
Saturday Night : Low: 71 F / 22 C Clear
Sunday : High: 80 F / 27 C Clear
Sunday Night : Low: 71 F / 22 C Clear
Monday : High: 80 F / 27 C Clear
Monday Night : Low: 71 F / 22 C Clear
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Bollywood Roundup for 2001
74 images with descriptive text showcasing the
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