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Omar Abdullah may give hope to troubled Kashmir
New Delhi: The young, charismatic heir of a political dynasty in Kashmir appeared set to head a coalition state government with Congress party, in what is seen as giving hope to a region beset by separatist rebellion.

Lashkar commander Zarar confesses to role in 26/11
Top Lashkar-e-Taiba commander Zarar Shah, captured in the crackdown on terrorists earlier this month in Pakistani-occupied Kashmir, has confessed the group's involvement in terror attacks in Mumbai, a media report said on Wednesday.
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Dhoni's security upgraded after extortion threat
The captain of the Indian cricket team Mahendra Singh Dhoni has received a letter on Wednesday carrying threat to harm his family if he does not pay up Rs 50 lakh. However, the police said they are taking "all precautionary measures" and that his security has been further tightened.
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Business News>>
Air India slashes fares by 35 to 80 per cent

New Delhi: After private airlines Jet and Kingfisher announced a cut in their airfares, Air India on Tuesday too slashed ticket prices following a steep fall in fuel prices. The airline is cutting basic fares by 35 to 81 per cent in basic fares on 19 domestic sectors. Air India says the lower prices will come into effect from Tuesday, December 30. The reduction will be applicable to all domestic sectors.


Troubled Satyam boss turns to employees for support
Hyderabad: Under attack from investors and many of the Board members over the Maytas acquisition fiasco, Satyam Computer Chairman Ramalinga Raju today solicited support of employees, saying everything possible was being done to get the company back on track.
 
Jet mulling fare hike, may levy surcharge on baggage



Berlin: Jet Airways is considering a surcharge on check-in baggage. Jet Airways Chairman Naresh Goyal said airlines have to look at additional revenue sources in view of mounting losses.

Goyal, who is at Berlin Air Show ILA said some American airlines are already charging a similar levy and added that there was no way for the global airline industry but to raise fares due to the hike in global crude prices.

"The aviation industry has to raise the fares as and when the hikes come. I am not in a business where I should only look for capacity. At the end of the day, I will have to work to give profits to my shareholders," Goyal was quoted as saying by PTI.

Goyal also took delivery of a new Airbus A-330-200 at the Air Show ILA, which is the seventh such aircraft out of Jet Airways total order of 15 A-330-200s.

He also announced the launch of daily services from Mumbai to San Fransisco via Shanghai from June 14.

Goyal said that initially, "We are going to lose money" on this flight. But this is a calculated risk and we are going to take that risk," he said. The airline will operate a Boeing 777-300 ER on the route."

He also referred to the India-London route, which also started with losses. "But today we have a share of 35 per cent on this route," he said.

Last week, low-cost carrier Deccan was reported to be considering surcharge on check-in baggage. Rising fuel prices have already forced airlines to increase the surcharge on fuel several times in the last one year.

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