IT giants were allotted lands in Manikonda and surrounding areas since 2003 Though the High Court judgement directed the State Government to refer its dispute with the Wakf Board over the ownership of over 1,600 acres of land in Manikonda and surroundings to Wakf Tribunal for resolution, the government is confident that the outcome will not directly affect the legal allottees. Several IT giants like Infosys, Wipro, Polaris and others like...

The Supreme Court has dismissed several review pleas filed by corporate houses challenging the decision to cancel 122 spectrum licences in the 2G case. The dismissed cases include those of Videocon, S Tel, Sistema Shyam Teleservices, Tata Teleservices, Idea Cellular, Unitech Wireless (TN) and Etisalat DB Telecom. The two-judge bench said that on April 13, it would hear in open court the government’s plea to review whether policy decisions can be overturned...

-The Economic Times Even as the Centre is desperately trying to accommodate its key ally Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee over National Counter Terrorism Centre (NCTC), the alliance partner is showing no signs of reciprocating the gesture in the crucial highways sector where projects are getting delayed because of tardy land acquiSITion. National Highways Authority of India (NHAI), the main implementing agency for highway development in the...

-Reuters Global food prices rose in March for a third successive month, driven by gains in grains and vegetable oils, the United Nations' Food and Agriculture Organisation said on Thursday, putting food inflation firmly back on the economic agenda. Food prices hit record highs in February 2011 and stoked protests connected to the Arab Spring wave of civil unrest in some north African and middle eastern countries. They then receded but started...

The Prime Minister's Economic Advisory Council has suggested a complex combination of three pricing models to fix retail prices of 348 essential drugs to balance industry's concerns and public health. The proposal, however, has drawn the ire of drug makers who say it is a watered down version of the health ministry's proposals. The council has proposed that for medicines facing "insufficient competition" or a monopoly-like SITuation, the retail price should...