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Eicher Motors Q3 net dips 4.12%
Commercial vehicle maker Eicher Motors reported 4.12 per cent fall in net profit to Rs 15.83 crore for the third quarter ended March 31, 2009, compared with Rs 16.51 crore in the year-ago period.

RIL discovers third gas reserves in KG basin
Reliance Industries (RIL), the country’s largest private sector company, has announced its third successive gas discovery in the exploration block KG-DWN-2003/1 (KG-V-D3), of NELP-V. The deepwater block KG-DWN-2003/1 is located in the Krishna basin, about 45 kilometers off the coast in the Bay of Bengal. The block covers an area of 3288 square kilometres. RIL holds a 90 per cent participating interest (PI) and Hardy Exploration and Production India Inc holds the rest.

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DGCA team intensifies probe into copter crash
Intensifying its probe into the helicopter crash, which claimed the lives of Andhra Pradesh Chief Minister Y S Rajashekhar Reddy, the Directorate General of Civil Aviation team today collected the debris of the chopper and will visit the crash site tomorrow.
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PM rejects UN deadline for submitting emission targets

Prime Minister Manmohan Singh has rejected the UN deadline of January 31 for submission of emission targets and climate actions under the Copenhagen Accord. - World climate event set for March 27 - UN climate panel to review claim on natural disasters: report - "It"s a mistake, but glacier melting is real" - Hard times for climate scientists - Beyond global warming - Funds for climate change missions in Union Budget: Saran The Prime Minister is particularly unhappy over the repeated persistence from Danish Prime Minister Lars Lokke Rasmussen and United Secretary General Ban-Ki-Moon to accede to the January 31 deadline for target submission, sources in the PMO said. Singh has also apparently questioned the legal status of the various provisions included in the Accord which is silent on the Kyoto Protocol based on equity burden sharing among the member nations. "Before going ahead with targets submission, the Prime Minister wants to be clarified on certain issues which are silent in the Ban"s letter," the sources added. In the absence of the consensus at the Denmark capital last December, the UN members just took note of the Copenhagen Accord and agreed to submit their voluntarily emission cuts as well as climate action plans. As per the Accord, Appendix 1 is intended for "economy-wide emissions targets" for 2020 for Annex-I (rich countries) while Appendix 2 is for "mitigation actions" by non-Annex I (developing) countries. These commitments can become operational immediately. However, what has irked the Prime Minister is a separate joint letter sent by Rasmussen and Ban to all heads of state and governments, urging them to submit their commitments by January 31. Singh has also expressed inability to detail the country"s action plan and targets in such a short period, the sources said. Only four countries -- Australia, Canada, Papua New Guinea and the Maldives -- have signed the Copenhagen Accord so far, while Cuba has rejected it.


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