-The Hindu   People's Movement Against Nuclear Energy to lay siege to township tomorrow TIRUNELVELI: The Kudankulam Nuclear Power Project has "successfully completed" the mandatory penultimate tests before commissioning its first unit by testing an array of steam relief valves under operating pressure and temperature. The tests, started on last Friday to evaluate the performance of high-precision steam relief valves at operating pressure and temperature, were completed on Monday. "We're immensely satisfied with the...

-The Indian Express Satara: Despite five women accusing author and activist Laxman Mane of rape and sexual harassment, police in Satara say they are finding it difficult to get evidence and witnesses in their investigation. Mane, a Padma Shri and winner of the Sahitya Akademi award, continues to be on the run, police said. Three Employees of Shardabai Pawar Ashram Shala, a Jakatwadi-based residential school for underprivileged children, on Sunday accused Mane of...

-PTI The Reserve Bank on Thursday sought to downplay the money-laundering allegations against three private sector banks, saying the country has a "perfect" system to prevent such offences and that not a single such transaction took place in the sting operation. The country's three largest private banks -- ICICI bank, HDFC Bank and Axis Bank -- were last week accused of indulging in money laundering both within and outside with an online...

-The Economic Times Finance Minister P Chidambaram has warned corporate bigwigs against wilful defaults, reminding promoters that it was their duty to bring in additional capital if their companies got into trouble. "We cannot have an affluent promoter and a sick company," he said, in an apparent reference to the collapse of Kingfisher Airlines, owned by the flamboyant Vijay Mallya. Banks are stuck with nearly Rs 7,000 crore worth of loans they...

-Live Mint Experts say private banks achieve lending obligations by buying out loans from non-banking entities Most private banks in India have not been able to meet the needs of farmers although they are expanding their rural and semi-urban branch network. This is why the Reserve Bank of India (RBI) is insisting that at least one-fourth of the branches of the new banks that will be given a licence must be located...