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Russian strategic bombers run Arctic exercise

MOSCOW, Sept 3 (Reuters) Twelve Russian strategic bombers will take part in an Arctic exercise today and tomorrow including tactical launches of cruise missiles, an air force spokesman said.

He did not specify where the exercise was taking place but said TU-95MC bombers would take off from five air bases stretching from the Volga River city of Engels to Anadyr on the Chukotka Peninsula overlooking the United States.

''The planes will also practise mid-air refuelling from Il-78 transport planes,'' the spokesman said.

Last month, President Vladimir Putin ordered Russia's air force to resume long-range patrols by the strategic bombers, abandoned since the end of the Cold War.

In line with his assertive foreign policy and efforts to build up the Russian armed forces, Putin has said the resumption of patrols is needed to guarantee national security.

The air force exercise also follows a widely advertised scientific expedition to the North Pole last month with the task of finding justification for Russia's claims for a bigger slice of the Arctic zone, believed to have rich mineral resources.

REUTERS SYU DS1525

Awesome Gay sparks US gold rush in Osaka

OSAKA, Japan, Sep 3: American Tyson Gay's explosive sprint treble highlighted his country's continued track dominance at the world athletics championships. As the Americans celebrated, hosts Japan scratched their heads as the inquests began into how they won just a solitary bronze on the final day in Osaka yesterday. After crushing world record holder Asafa Powell in the 100 metres, Gay added golds in the 200 and 4x100 relay to become the second man to achieve the feat at a world.....

Garnet Constructions to issue 60 lakh warrantes

Mumbai, Sep 3 (UNI) Garnet Constructions, a decade-old professionally managed real-estate property developer, has decided to issue 60 lakh warrants to part finance Company's ongoing projects. The Board of Directors of the Company approved the proposal of coming out with convertible warrants for a period of 18 months that will be allotted to its stakeholders, a company release stated here today. Commenting on the corporate development, Garnet Constructions Director Arun Kumar Kedia said, ''We are issuing the warrants to raise.....

India will start mining in exploration of Gold and Diamond

Mumbai, Sep 3 (UNI) India has welcomed participation of International mining companies in the exploration of gold and diamonds in the country, according to Mr Subbirami Reddy, Minister of State for Mines. Addressing at India International Jewellery Show (IIJS) 2007, organised by Gem and Jewellery Export Promotion Council (GJEPC), held here yesterday, the Minister informed that ''The estimated resources in India are to the tune of 4.5 million carats of diamonds. Till only 50 million carats have been explored. The new.....
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