The country's leading private airlines have sought a Rs 4,700-crore (Rs 47 billion) bailout package from the government to counter slowing passenger traffic, rising costs and an industry-wide liquidity crunch.

An Indian American businessman was sentenced to 35 months in jail and slapped a US$ 60,000 fine by a US court for shipping restricted military technology to Indian government entities engaged in missile and fighter jet production.Parthasarathy Sudarshan was convicted of acquiring electrical components with applications in missile guidance and firing systems in the US and supplying them to the Vikram Sarabhai Space Centre and Bharat Dynamics Ltd between 2002 and 2006.

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Sudarshan had smuggled sensitive components to Vikram Sarabhai Space Centre and Bharat Dynamics Ltd, which is involved in development and production of ballistic missiles in India. To further conceal from the US government that goods were going to entities in India on the Department of Commerce Entity List, Sudarshan routed the products through its Singapore office and then send the packages on to India, authorities claimed.

A software engineer by profession and the president of the banned Students Islamic Movement of India (Karnataka unit), this man had been carrying out operations both in Karnataka and Kerala and his main objective was to strengthen SIMI in both these states apart from carrying out strikes.

Realty major Emaar MGF on Monday said it will enter the capital market to mop up anywhere between $1.58 to 1.79 billion through issue of 10.25 crore (102.5 million) equity shares in the price band between Rs 610-690.

A BJP defeat in Gujarat will deliver the party a seismic political and organisational shock and mark a historic setback for the entire Sangh Parivar.

UB Group chairman Vijay Mallya and Airbus chief operating officer John Leahy signed an MoU to this effect at the 47th International Paris Air show on Wednesday.

IDFC believes that for a sustainable 8% annual growth in GDP, Indian roads need to keep pace with a 9% growth.

Geetanjal Krishna spends three days in Benares to understand why the city's famous handwoven silk industry is in the doldrums.

For the second time in a year, Air Deccan overtook state-owned Indian (formerly Indian Airlines) in 2006, making it country's second-largest domestic carrier.

The joint statement issued by Dr Singh and PM Abe in Tokyo.

Foreign Direct Investment inflows into India increased 47 per cent to $1.7 billion in April-June quarter this fiscal, compared to $1.1 billion in the same period last fiscal.

The father of Andriy Rusol, who stroked Ukraine's first goal in their 4-0 World Cup rout of Saudi Arabia, won nearly $445 - three times the average monthly wage in the ex-Soviet state - after betting on his son.

Tatas, Essar, Reliance Energy and L&T are among the dozen companies in race to build India's first fully independent private power transmission lines in Gujarat and Maharashtra at an estimated investment of Rs 1,500 crore (Rs 15 billion).

Chidambaram's Budget speech.

Deutsche Bank is bullish on engineering, consultancy and pharmaceutical industries in India.

In a major blow to Reliance Energy's plans to expand its business in power sector, the Central Electricity Regulatory Commission has rejected the application of the Anil Ambani-controlled company for a transmission licence.

Finance Minister P Chidambaram on Monday announced in the Budget for 2005-06 that the Planning Commission has drawn up Tsunami relief programme costing Rs 10,260 crore (Rs 102.6 billion).

The State Bank of India (SBI), in association with Air-India and Singapore Tourism Board, has launched a personal loan scheme for travel to Singapore, valid for residents of Andhra Pradesh.

GAIL on Wednesday said it is in talks with Reliance for laying a Rs 6,725 crore pipeline from Kakinada in Andhra Pradesh to Uran to pipe natural gas from RIL's gas fields in Bay of Bengal to consumption centres in West and North.