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Jet Airways, SpiceJet report quarterly losses
NEW DELHI (Reuters) - Jet Airways (JET.NS) and its smaller rival SpiceJet (SPJT.BO) reported quarterly losses on Friday as fare increases were not sufficient to cover high costs of operations. Jet, which has agreed to sell a 24 percent stake to Gulf carrier Etihad in a $370 million deal, was optimistic
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Japan PM’s residence ‘not haunted’: Government
Tokyo, May 24 (IANS/RIA Novosti) The Japanese government has denied rumours which said the prime minister's official residence was haunted. The denial came after a query by an opposition lawmaker, who wanted to know if Prime Minister Shinzo Abe had not yet moved into his official residence, five months after #NewsTracker
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P&G lifts Dow into positive territory
NEW YORK (Reuters) - U.S. stock indexes pared most of their earlier declines on Friday and the Dow pushed into positive territory, helped by a strong gain in shares of Procter & Gamble (PG.N). The Dow Jones industrial average edged up 4.42 points, or 0.03 percent, at 15,298.92. The Standard &
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US drone strikes violate sovereignty, says Pakistan
Islamabad, May 24 (IANS) Pakistani government Friday reiterated its opposition to US drone strikes on its territory, saying the strikes were "counter-productive" and "entail loss of innocent civilian lives". The statement came from the Pakistan foreign ministry, hours after US President Barack Obama defended the use of the drone missions as #NewsTracker
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Gurunath arrested by Mumbai police
Mumbai, May 25 (IANS) Mumbai police late Friday night arrested Gurunath Meiyappan, son-in-law of Indian cricket board chief N. Srinivasan, in the IPL spot fixing scam after three hours of intense interrogation, an official said. Questioned at the office of the Crime Branch, Meiyappan was confronted with the evidence against #NewsTracker
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Niko finds significant gas in India block; shares soar
REUTERS - Canadian oil and natural gas producer Niko Resources Ltd (NKO.TO) said on Friday it made a significant gas discovery, along with its partners, in the KG-D6 block off India's east coast, sending its shares up 26 percent. Niko, which partners India's Reliance Industries Ltd (RELI.NS) and BP Plc (BP.L),
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US to find way to decide Indian request on Headley
New Delhi, May 24 (IANS) India and the US will find an "appropriate" way to decide on New Delhi's request for access to Mumbai attack plotter David Headley, US Undersecretary for Political Affairs Wendy Sherman said Friday. Sherman, who separately met External Affairs Minister Salman Khurshid and Foreign Secretary Ranjan Mathai #NewsTracker
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Himachal courts quashes appointment of 480 teachers
Shimla, May 24 (IANS) In a setback to the previous Prem Kumar Dhumal-led BJP government in the state, the Himachal Pradesh High Court Friday quashed appointments of 480 teachers made in 2011 as these were not in accordance with law. Delivering the judgment, Justice Rajiv Sharma said the appointments of postgraduate #NewsTracker
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Niko Resources discovers huge gas in India block; shares soar
REUTERS - Canadian oil and natural gas producer Niko Resources Ltd (NKO.TO) said on Friday it made a significant gas discovery, along with its partners, in the KG-D6 block off India's east coast, sending its shares up 26 percent. Niko, which partners Reliance Industries Ltd (RELI.NS) and BP Plc (BP.L), said
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Rare birth of mega-galaxy captured by space telescope
Washington, May 24 (IANS/RIA Novosti) Researchers in the US have captured rare images of the creation of a massive galaxy about 10 times the size of the Milky Way that was formed when two young galaxies collided 11 billion years ago, a study said. "Capturing the creation of this type of #NewsTracker
