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Anil Ambani resigns from RS

New Delhi, Mar 25: Leading industrialist Anil Ambani today resigned from the Rajya Sabha, saying he was doing so to uphold the highest standards of transparency, propriety and ethics in public life.

Mr Ambani, Chairman of the new Reliance-Anil Dhirubhai Ambani Group, was elected to the Rajya Sabha from Uttar Pradesh in June 2004.

Mr Ambani, who had joined the Uttar Pradesh Development Council (UPDC) in an honorary capacity in October 2003, will, however, continue to perform an advisory role in the council.
Mr Ambani said there had been no no suggestion that there was any issue in his continuing to be a member of the UPDC after being elected to the Rajya Sabha.

Dr Karan Singh and Dr Kapila Vatsayayan are the other two members of the Rajya Sabha who have resigned so far following the controversy over "Offices of Profit". Dr Karan Singh is the President of the Indian Council for Cultural Relations (ICCR) while Dr Vatsayayan is the President of the Indira Gandhi National Centre for Arts (IGNCA).

UNI

Pakistan arrests 40 renegade tribesmen in southwest

QUETTA, Pakistan, Mar 25 (Reuters) Pakistani police have arrested 40 renegade tribesmen suspected of involvement in attacks on government troops and installations in the restive southwestern Baluchistan province, police said today. The arrests were made in overnight raids on various hideouts of rebellious members of Marri tribe near the provincial capital Quetta. ''We have a list of people who have been involved in rocket attacks, bomb blasts and other sabotage activities,'' provincial police chief Chaudhry.....

US solider killed in Afghan battle

KANDAHAR, Afghanistan, Mar 25 (Reuters) One US soldier was killed and one wounded today in an attack on Taliban insurgents in southern Afghanistan, the US military said. Afghanistan has seen a surge in attacks by Taliban insurgents and their militant allies in recent months and the Taliban have vowed to launch a spring offensive against US-led foreign forces and the Western-backed government. Fighting erupted after US troops backed by helicopter gunships and jets launched an.....

Markets likely to be cautious and subdued next week

Mumbai, Mar 24 (UNI) Volatility will be back next week with the clearing of the Future&Options (F&O) positions in the derivatives market.Also with the financial year closing next week, profit booking may become sharper to meet the tax related demands.Metal sector may see profit booking after more than seven per cent rise this week.As far as the foreign fund inflow is concerned the investors will be cautious as the foreign institutional investors (FIIs) have been booking.....
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