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Cyclists knocked down by speeding lorry in AP

Kakinada, Andhra Pradesh, Apr 16 (UNI) Two boys were killed on the spot when their cycle was hit by a speeding lorry near the telephone exchange in Madhavapuram road on the outskirts of Pithapuram town.

Police said the boys were identified as Bodapati Somaraju (14) and his cousin Bodapati Rambabu (13). The lorry driver fled the spot after the accident last night.

UNI XR VA GD 1708

3i India Infrastructure Fund raises $1.2 bn

New Delhi, Apr 16: Leading global private equity firm 3i Group Plc today said it has raised 1.2 billion dollars for its 3i India Infrastructure Fund. The company has exceeded the one billion dollar target by 20 per cent, a statement said. The Fund was established to apply the successful investment strategy of 3i's global infrastructure business to the rapidly growing Indian infrastructure market. 3i, had in 2007, formed a strategic partnership with the state-owned India Infrastructure Finance Corporation Ltd (IIFCL).....

Tech Mahindra opens Rs 30 cr development centre in Chennai

New Delhi, Apr 16 (UNI) Tech Mahindra, the country's sixth largest software exporter and second largest solution provider to the global telecom industry today said it enhanced its presence in Chennai by setting up a new development centre at an investment of Rs 30 crore. The 1.2 lakh sq ft development Centre located at Mahindra world city in Paranur will house about 1,400 software engineers, said a statement. Tech Mahindra expects to scale up this facility.....

Near normal south-western monsoon predicted

New Delhi, Apr 16 (UNI) Indian Meteorological Department(IMD) today predicted a near normal south-west monsoon rainfall for this year too, thereby generating hope for better agriculture production. The first monsoon forecast officially announced here by Mr Kapil Sibal, Minister for Science and Technology, says the rainfall in the country will be around 89 cm from June to September, which was long range average between 1941 and 1990 with possible error of five per cent plus.....
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