RBI announces 182-day treasury bills auction

Monday, May 1, 2006, 23:49 [IST]

Mumbai, Apr 29 (UNI) The Reserve Bank of India (RBI) has announced the auction of 182-day GoI treasury bills for a notified amount of Rs 1,500 crore of which Rs 500 crore will be under the regular auction calendar, while Rs 1,000 crore will be under the market stabilisation scheme (MSS), stated a release issued here today.

The auction will be conducted on May 3, using the multiple price auction method.

According to the release, the allocation to the non-competitive bidders will be outside the notified amount, at the discretion of the bank.

Tenders should be submitted in the prescribed form on May 3 by 1230 hrs and the results will be announced on the same evening, stated the release, adding that payments by successful bidders will be on Friday, May 5.

UNI JJ KU SKB1519

Kalpana Morparia becomes Joint MD of ICICI Bank

Monday, May 1, 2006,23:49 [IST]

Mumbai, Apr 29 (UNI) The Board of Directors of ICICI Bank Limited at its meeting today elevated Ms Kalpana Morparia, Deputy Managing Director to the position of Joint Managing Director of the Bank. The Board also elevated Ms Chanda Kochhar and Dr Nachiket Mor, from Executive Directors, to Deputy Managing Directors. UNI GC KU SKB1522.....

Child marriages on card in remote villages of Gujarat

Monday, May 1, 2006,23:50 [IST]

Palanpur, Apr 29 (UNI) Hundreds of children will tie the kot with the knowledge of the parents in parts of north Gujarat on the occasion of 'Akha Teez' tomorrow. Though illegal, the centuries-old practice has been in vogue in the semi-arid districts of Banaskantha, Sabarkantha, Patan and Mehasana, particularly in the interior villages in Tharad, Vav, Deodar, Dhanera and Deesa. The bride-groom processions, led by child grooms, attired in colourful costumes with symbolic swords hanging.....

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Two killed, as many injured in accident

Monday, May 1, 2006,23:50 [IST]

Aurangabad (Maharashtra) Apr 29 (UNI) Two people were killed the spot and two others seriously injured when a car in which they were travelling collided with a truck near Sillod town of this district in early today. Both the injured have been admitted to the Government Medical and Hospital (GMCH) while the Sillod rural police have registered an offence against the truck driver for rash driving, police sources said. UNI MPJ ADG VKG2115.....

High drop-out rate from schools is a matter of grave concern: Patil

Monday, May 1, 2006,23:50 [IST]

Kolhapur, Apr 29 (UNI) Although the State has achieved 77 per cent literacy, the high drop-out rate from schools is a matter of great concern, Deputy Chief Minister R R Patil said here today. He was speaking after unveiling the statue of educationist Late Bapuji Salukhe at the Swami Vivekananda Education Institute at Mangaon in Hatkanangale taluka of this district. Lauding the contributions of Bapuji Salukhe and ''Karmaveer'' Late Bhaurao Patil, the eputy Chief Minister.....

Air India Express completes one year of operations

Monday, May 1, 2006,23:51 [IST]

Mumbai, Apr 29 (UNI) Air India Express, the low cost subsidiary airline of Air India, today completed one year of successful operation and is set to expand its operations soon. The airline, launched amidst fanfare on April 29, 2005 by operating the inaugural flight on the Thiruvananthapuram-Abu Dhabi sector, has since then considerably expanded its network. Commencing operations with three leased b737-800 aircraft and operating from five points in India - Thiruvananthapuram, Kochi, Kozhikode,.....