Australia reauthorizes Quantas and American Airlines on trans-Pacific routes

Newsroom24x7 Desk Melbourne : The Australian Competition and Consumer Commission has issued a draft determination proposing to re-authorize Qantas and American Airlines to continue to coordinate their operations on trans-Pacific routes for a further five years. Under the alliance, the airlines propose to continue coordination in respect of marketing and sales, freight, pricing, scheduling, distribution…

India bets on International Solar alliance in Paris

Newsroom24x7 Desk Paris : Monday today will mark as a day of new page in the history of India-France collaborative efforts in the field of solar energy, as French President Francois Hollande and Indian Prime Minister Narendra Modi will launch an international solar alliance aimed at eventually bringing clean and affordable solar energy within the…

Bank Manager gets 2 years sentence for forgery

Newsroom24x7 Desk New Delhi : The Special Judge for CBI cases, Tis Hazari Court, Delhi convicted S.M. Mitra, then Manager, United Bank of India, Delhi for offences of criminal conspiracy, forgery and criminal misconduct and sentenced him to two years rigorous imprisonment with fine of Rs. 25,000/-. In a case of causing financial loss to…

Bhopal: The disaster continues

Newsroom24x7 Staff Bhopal: The escape of about 40 tonnes of methyl isocyanate (MIC) – a highly toxic chemical – from a storage tank on the premises of the pesticide plant of Union Carbide India Limited (UCIL) in Bhopal – the capital of the State of Madhya Pradesh – on the night of 02/03 December 1984…

Rocket kills three at UN base in Kidal, northern Mali

Newsroom24x7 Desk Mali : Three people were killed and more than a dozen injured, when a rocket attacked in the region of northern Mali, specifically at the UN peacekeepers’ base in Kidal. The attack took lives of force personnel from Guinea. Another civilian who was present in the region also succumbed to the attack and lost…

France pays tributes to victims of Paris massacre

Newsroom24x7 Desk Paris : France conducted a mass service for the victims massacred in Paris attacks two weeks ago. To express their deepest empathy, the people of France came together from far and wide to attend and participate in the service. This national memorial service is specially for the 130 people who died in the…

Australia inks nuclear agreements with India and UAE

Newsroom24x7 Desk Melbourne : Australia finalized two agreements to expand its global uranium exports with India and the United Arab Emirates (UAE) this week, as a major step of expansive export window to regions outside Australia. The Australia-India Nuclear Cooperation Agreement permits Australian companies to commence commercial uranium exports to India, which has been viewed…

Indian banks more stable but challenges stay

Newsroom24x7 Desk Mumbai: Capital-raising will be a key theme for Indian banks, as asset-quality pressures gradually stabilise and banks look to revive credit growth in support of a recovering GDP outlook. However, there will be challenges for state-owned banks in particular, given weak core capitalisation and expectations of slow earnings recovery due to high credit…