Ratan Tata exhorts youth to fight graft

At a time when Team Anna is piling up pressure on the government over the Lokpal Bill, Tata Group Chairman Ratan Tata today said the youth of India need to fight to root out corruption.Tata, who generally maintains a silence over the issue at public platforms, tweeted: "The youth of today will need to recognise that they shoulder a great responsibility...They will need to fight for rooting out corruption, for ensuring that no one is above the law, and uniting the citizens of India as 'Indians first' instead of communal or geographic factions". Stating that the youth of India can shape the country's future, he said they will need to strive for...

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Kingfisher not operating 175 daily departure flights

Kingfisher airlines was not operating 175 of the 418 daily departure flights approved for it during winter schedule 2011 leading to cancellation of its slots.“Directorate General of Civil Aviation (DGCA) has issued letters to Kingfisher for violation of Rule 140 A of aircraft Rules 1937," Civil Aviation Minister Ajit Singh said in reply to a question in the Lok Sabha today. “Kingfisher Airlines has informed that they have initiated reconfiguration of their aircraft due to which some of their aircraft are out of service for a few weeks," Singh told the House. The slots alloted to Kingfisher had been cancelled, the Minister said. In reply to another...

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US stocks spike on jobs news

US Stocks closing: Stocks are closing higher on encouraging economic reports. The number of Americans that applied for unemployment benefits dropped last week to the lowest level since April 2008, in the latest sign that the job market is healing.The Dow Jones industrial average closed up 62 points Thursday, or less than 1 percent, to 12,170. The S&P 500 index rose 10 points, also less than 1 percent, to 1,254, while the Nasdaq was up 21, or less than a percent, at 2,599. Applications for unemployment fell for the third week in a row. The Conference Board also reported that its measure of future economic activity had a big increase in November....

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