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India Inc commits Rs 4,500-crore investment in Maldives
Indian corporate houses have lined up investments worth $1 billion (around Rs 4,500 crore) in the Maldives, to fructify over the next two to three years. The houses include Tatas, Suzlon, GMR, Apollo Hospitals and Oberoi. “To attract more investment from India, the Maldivian government is planning to ease the procedures for India Inc and planning to offer various incentives,” said Ahmed Shaheed, the country’s foreign minister.

Ashok Leyland's Pantnagar plant to go onstream soon
Hinduja Group’s flagship company Ashok Leyland’s Rs 1,300-crore Pantnagar (Uttarakhand) plant is likely go onstream within the next few months. The plant would have an installed capacity of 50,000 units of commercial vehicles annually.

News of the day

'Headley was using US as base to plan attacks outside'
Pakistani-origin American David Coleman Headley, charged by FBI of being involved in the Mumbai terror attacks, was using US as a base to plan future attacks outside the country, a top Senator said today.
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Heaviest flood in more than 100 years

Despite the heaviest flood in river Krishna in more than 100 years -- with 10 lakh cusecs gushing in at a menacing pace -- people in many villages are still reluctant to move to safer places. A flood of this magnitude was never seen in the state"s history and the discharge in the river Krishna is expected to cross 15 lakh cusecs by tomorrow. The inflow of water in the Srisailam dam was 28 lakh cusecs and outflow was 14.04 lakh cusecs. The inflow water in to the Srisailam dam is likely to come down by the evening, which may provide relief to Kurnool district. In Nagarjunasagar dam, the outflow of water was 8.06 lakh cusecs. The Revenue Minister said lakhs of food and water sachets and other relief material are being distributed to the flood victims in all the districts. K V P Ramachandra Rao, advisor to the state government, said several ,inisters are involved in relief and rescue efforts in various districts.


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