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Corp Expansion despite
Stalled Reforms
Despite a stalled
disinvestment process and
halt to reforms, several
positive factors in the
Indian economy, perhaps not
to the optimal level, have
emerged encouraging targeted
overseas mergers and
acquisitions (M&A) by many
Indian companies.
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ONGC Unveils Massive
Investments
To fund expected growth,
Oil and Natural Gas Corporation (ONGC) unveiled
plans to invest Rs. 130,000
crore (USD 28.2 billion)
from 2007-2012 in oil and
gas exploration, overseas
acquisition of captive
resource assets, and
expansion of infrastructure. <More>
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OOP Signed and Challenged in SC
The political parties’ collusion to resend the exact same Office of Profit
(OOP) bill back to the President despite it being returned for
reconsideration has been challenged by the
Trinamool Congress
through a public interest litigation (PIL) in the Supreme Court.
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Hindu Group Wants Army
to Help Reclaim Land
A Hindu Vasihavaite
sect in Assam says that
illegal migrants from
Bangladesh
have usurped over 400
religious places owned
by the Asom Sattra
Mahasava with
administrative and
political connivance
and has petitioned the
Army for help.
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India Holds Pak Responsible for Terror
India says it has evidence of Pakistan’s
continued support for terrorism and the
involvement of
Lashkar-e-Toiba (LeT)
in the 7/11 serial blasts after
anti-terrorism squad (ATS) killed a Pakistani in
Mumbai and captured another in Jammu & Kashmir
(J&K).
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Naxals Strike Mangalore Forest Office
In typical military style, Naxal terrorists
attacked the Range Forest Office in
Karnataka
damaging the building, burnt official
records, wirless set, computer equipment, and a
jeep after destroying a local telephone exchange
ahead of the raid.
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US Arrests 13 for Trying to Buy Missiles for LTTE
In a major sting operation spanning several cities, the
US said that it had arrested 13 people for trying to buy
surface-to-air missiles and other weapons in the black
market for the Liberation Tigers of Tamil Eelam (LTTE)
seen as a “dangerous terrorist group."
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