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Petrol prices cut by Rs 1.85

NEW DELHI: The nation’s fuel retailers Tuesday cut petrol prices by Rs 1.85 per litre, excluding state taxes and levies, which should make its price cheaper by Rs 2.22 per litre in the national capital from Tuesday night, bringing welcome relief to vehicle owners.

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Kingfisher has not sought govt bailout: Mallya

MUMBAI: Battling financial crisis, Kingfisher Airlines chairman Mr Vijay Mallya Tuesday said he has not asked for a bailout from the government but wants the lenders to help with Rs 700-800 crore working capital as short-term need and interest concessions.

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Innovations helped mostly rich; poor must benefit: PM

NEW DELHI:  Advancement in technology and innovations has mostly helped the rich without adequately solving problems of the poor. This state of affair must change, the Prime Minister, Dr Manmohan Singh said on Tuesday.

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2G lead auditor sticks to stand on Rs 2,645 cr loss

NEW DELHI: The lead auditor of the 2G telecom audit Monday stuck to his stand that the loss due to spectrum allocation was Rs 2,645 crore and he had signed the final report on the alleged scam on the direction of his superiors.

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Andhra HC directs CBI inquiry into Naidu’s assets

HYDERABAD: The Andhra Pradesh High Court Monday directed the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) to conduct an investigation into the assets of Telugu Desam Party (TDP) chief, Mr N Chandrababu Naidu, who dubbed the petition as a malicious attempt to defame him.

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