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31 March 2009

Slapped show cause notice on school

The state government has slapped a show cause notice on Delhi Public School for reportedly hiking their school fees by a whopping 50% on Tuesday. The government has taken a tough action against the school followed by media reports pertaining to a fee hike of 30% and an extra additional amount for arrears fund. The school was asked to submit its rationale behind the substantial fee hike within two days.
R P Jain, chief education secretary, education department said, "DPS was among the list of defaulting schools who had not submitted their fee hike history along with their account information to the administrative committee that was formed to resolve the issue." A feasible action would be initiated against the school on the basis of the report, added Jain.
He has warned the school management to take the directives of education department seriously from now onwards. "The department will initiate stern action against those schools who made a habit of neglecting government directives. Schools who do not adhere to the government's order have to face the music according the Non-Government Schools Act 1989," added Jain.
Education department has also cleared that those schools which have not submitted their financial date to the administrative committee would be penalised. Earlier, the education department had issued show cause notice to more than 97 schools for not sharing their financial date with the administrative committee formed to resolve the fee hike.
Education departments has also directed all private unaided schools in the state to submit their fee hike order's taken in last two academic sessions within a stipulated period of time.

Source : timesofindia.indiatimes.com/Cities/Show-cause-notice-to-school/articleshow/4341671.cms

Prevent leak of question paper

After distributing the wrong question paper, invigilators and supervisory staff at a girls’ school in Sikar town of Rajasthan detained 49 girl students appearing for a class XII examination for over 24 hours, to avoid leakage of the paper meant for an exam on Wednesday. The Education Department ordered an inquiry, besides cancelling the examination. It issued instructions to the examination centre on Tuesday to allow the girls to go home. Students of the Government Maru Girls’ Senior Secondary School were given the question papers for Sanskrit-II, instead of Sanskrit-I, at the Grameen Mahila Shikshan Sansthan examination centre, Shivsinghpura.
Mistake
When the invigilators realised the mistake, they took back the wrong question papers. The Rajasthan Secondary Education Board authorities and the school management decided to detain the students at the examination centre till April 1.
Though the school management claimed that it had taken the girls’ families into confidence, the parents said they had no other option as the careers of their daughters were at stake.
State Principal Education Secretary R.P. Jain said here that a show cause notice was being issued to the Grameen Mahila Shikshan Sansthan for cancellation of its government affiliation and an inquiry by a committee headed by the Sikar Additional Collector had been ordered. Mr. Jain said the State government had taken the matter “very seriously” and issued instructions for prompt completion of the probe, besides shifting of the in-charge of examination centre.

Source : www.hindu.com/2009/04/01/stories/2009040162221000.htm

' Life of mars' Spoiler alert

MARKS & Spencer chief executive Sir Stuart Rose yesterday assured investors that the high street stalwart was moving "in the right direction" as he unwrapped a smaller-than-expected fall in fourth-quarter sales.Shares in the 125-year-old retailer leapt 12 per cent in response to news of the 4.2 per cent like-for-like decline in the 13 weeks to 28 March.
The result was an improvement on the 7.1 per cent drop suffered in the third quarter – M&S's worst performance in a decade – and well shy of the 7 per cent slump forecast in the City.Meanwhile, Rose, who has faced investor pressure for combining the jobs of chairman and chief executive against corporate governance best practice, denied there was a growing push among shareholders for an independent chairman to be appointed.He got a boost from institutional investor Standard Life, which said yesterday it backed him in his current dual role.
A spokesman for Standard's investment arm, which owns just under 1 per cent of M&S, said: "Standard Life is not calling for a change in role for Stuart Rose but looking to the senior independent directors and the other non-exec directors to make sure the current arrangement works effectively."
Rose pointed to sharper pricing and improved availability for the sales resilience. "The actions that we have taken internally to stem the decline in our business are beginning to have some effect," he said.He highlighted the group's "Dine in" and "Wise buys" food promotions, the success of its new "Portfolio" womenswear range and the ability to attract a younger clientele. M&S said it had attracted nearly 250,000 more customers under the age of 35 in the fourth quarter. Some analysts believe nothing short of a drastic reshaping of the venerable retailer will do as it battles a consumer slowdown and fierce competition, but Rose signalled yesterday that the group did not need a root-and-branch overhaul.
"Maybe people will want to buy things that have a little bit more lasting quality," he said. "Maybe people will eat less, but better. Maybe people will not go down the route of disposable fashion in quite the same way."
Yesterday's sales cheer is not expected to save M&S from a sharp drop in full-year profits – forecast to plunge to £592 million from more than £1 billion the year before.
M&S has suffered badly as cash-strapped consumers have defected to cheaper rivals, affecting its food business in particular. Two dozen underperforming Simply Food outlets are being closed, with the loss of hundreds of jobs. However, promotions such as the "Dine in for £10" offer appear to be helping. Like-for-like food sales eased 3.7 per cent in the period, from a drop of 8.9 per cent the previous quarter.

Source :ausiellofiles.ew.com/2009/03/spoiler-alert-l.html

Happy end of march in india infoline

The rally gives Dow Jones Industrial Average its first monthly gains after six straight months of declines. But all three major indices decline in the Jan-March quarter.
US stocks had fallen in the previous two sessions on worries about the auto and bank sectors US stocks climbed on Tuesday, ending March on a very upbeat note with the key stock benchmarks posting their best monthly gains in more than six years and one of the top 20 months since 1950. Tuesday's rally gave the Dow Jones Industrial Average its first monthly gains after six straight months of declines. But all three major indices declined in the January-March quarter.
The Dow rose 87 points, or 1.2%, to 7,608.92. The S&P 500 index gained 10 points, or 1.3%, at 797.87. The Nasdaq Composite index advanced 27 points, or 1.8%, to 1,528.59.All the three major indices had posted bigger gains through the late afternoon, but the advance lost some steam near the close.US stocks had fallen in the previous two sessions on worries about the auto and bank sectors. Prior to that, stocks had gained more than 20%, with the Dow and S&P 500 bouncing off 12-year lows hit early in March. Those gains were sparked by optimism that the economy is closer to stabilizing.Up until the last few minutes of trade, the Dow had been on track to see its best March since 1928.
But some late selling left the blue-chip indicator with a monthly gain of just 7.7% - the best since March 2002.The S&P 500 gained 8.5% in March, its best since March 2000. The Nasdaq is up 10.9%, its best March ever, going back to its inception in 1971.Year-to-date, the Dow is down 13.3%, making the first quarter its worst since 1939. For the quarter and year-to-date, the S&P 500 is down 11.7% and the Nasdaq is off 3%.Stock gains were broad-based, with 23 of 30 Dow stocks rising. Dow gainers included IBM, Chevron, McDonald's, 3M, Microsoft and Alcoa.
The Dow's financial components jumped too, continuing the recovery off multi-year lows. Bank of America, Citigroup and JPMorgan Chase all gained.
General Motors (GM) shares slumped 28%. On Monday, the Obama administration rejected turnaround plans from GM and Chrysler, saying that a bigger overhaul is needed if they want more taxpayer money. As part of the revamp, GM chief executive Rick Wagoner was asked to step down. Late on Monday, Obama appointed an auto czar to focus on the industry's woes.
The S&P/Case-Shiller Home Price index fell a record 19% in January from a year earlier, after falling a record 18.6% in December. The index is a measure of 20 major metropolitan areas.
The March consumer confidence index from the Conference Board rose to 26 from 25.3, missing forecasts for a rise to 28.The Chicago PMI slipped to 31.4 in March from 34.2 in February, missing forecasts for a slight improvement to 34.3.
Treasury prices rose, lowering the yield on the benchmark 10-year note to 2.68% from 2.71% on Monday.Lending rates were mostly higher. The 3-month Libor rate dipped to 1.19% from 1.21% on Monday. The overnight Libor rate rose to 0.51% from 0.29% Monday. Libor is a bank-to-bank lending rate.In currency trading, the dollar fell versus the euro and gained against the yen.US light crude oil for May delivery settled up US$1.25 to US$49.66 a barrel on the New York Mercantile Exchange.COMEX gold for June delivery rose US$7.30 to settle at US$925 an ounce.Wednesday morning brings reports on employment, manufacturing, housing, construction spending and oil inventories. March sales from the nation's automakers are due throughout the day.The February pending home sales index is expected to show no change after having fallen 7.7% in the previous month.
Private-sector employers are expected to have cut 663,000 from their payrolls in March after cutting 697,000 jobs in February. The report from payroll services firm ADP is closely watched ahead of Friday's monthly employment report.European shares staged a bit of a rebound on the last day of the quarter thanks largely to a pull-back in banks. The pan-European Dow Jones Stoxx 600 index rose 3.5% to 176.39, paring losses for the first quarter of the year to just over11%.
The UK's FTSE 100 index rose 4.3% to 3,926.14, while Germany's DAX 30 index climbed 2.4% to 4,084.76 and the French CAC-40 index advanced 3.2% to 2,807.34.

Source :/www.indiainfoline.com/news/innernews.asp?storyId=97768&lmn=1

Volkswagen Mega Plant

Identifying India as a strategic market, Volkswagen — Europe's biggest car maker and globally number three — opened its first manufacturing facility here, bringing an investment of 580 million euros (Rs 3,800 crore) for a 1.1 lakh capacity plant that would primarily roll out small cars.
"India is a strategic market for the Volkswagen group and holds enormous potential for us in the future," Jochem Heizmann, member of the board of management of Volkswagen, said after inaugurating the plant. Volkswagen is looking to expand presence in emerging markets like India as sales are shrinking in other developed regions like Europe and the US due to the economic slowdown. The company's investment comes to India when others like Honda of Japan and France's Renault decided to hold back new investments in view of the slowdown.
Volkswagen currently assembles luxury sedans Jetta and Passat at Skoda's Aurangabad facility. It will manufacture the Skoda Fabia and introduce the Polo hatchback and its sedan version next year from the new facility that begins production in May.
Other Volkswagen group companies operating in India are Skoda (Czech subsidiary) and luxury car maker Audi. Heizmann said Volkswagen was hoping to corner an 8-10% share of the Indian passenger vehicle market 'in the long-term'.
"I cannot identify the exact timeline for this, but we are very bullish on the Indian market." The company plans to launch the Up! concept in India after a few years, though Heizmann said no final decision has been taken as yet.
Volkswagen has been trying hard to get a foothold In the Indian market as it expects the car industry's annual sales volumes to touch 2 million units in the next five years from the current 1.2 million.
Heizmann said to compete with dominant players like Maruti and Hyundai in India, Volkswagen was planning to go for high levels of localisation.
"With Polo, we plan to start with indigenisation of around 50% to begin with, which would be increased to 75-80% in the next two to three years. This strategy would be followed for other models as well to make our cars price competitive," he said.
Volkswagen group is looking to increase its dealership network by 40% to 120 by year-end. It is also looking at entering the pre-owned car business in India. This would help poach customers from current market-leading brands like Maruti and Hyundai. Heizmann said Volkswagen was also looking at selling light commercial vehicles like luxury passenger vans in India. However, he refused to answer whether the company was looking for local partners for that.

Source : timesofindia.indiatimes.com/Business/India-Business/Volkswagen-sets-up-Rs-3800-crore-plant/articleshow/4341723.cms

Education budget on public schools

An unprecedented $100 billion at his disposal to try to turn around the nation's public schools. The 44-year-old career education administrator is juggling a lot of balls as he begins to parcel out stimulus money to the states, tackles the much-maligned No Child Left Behind reauthorization legislation, and figures out how to get rid of bad teachers -- and pay the good ones more. The 6-foot-4-inch Duncan met Obama in Chicago, where the two were pickup basketball buddies, and where Duncan headed the 600-school district. He says his family has made a quicker transition to his exalted role in Washington than he expected, and yes, his own children attend public school, in Arlington. But he won't say where he and the president play ball these days.

Source : www.washingtonpost.com/wp-dyn/content/story/2009/03/31/ST2009033104692.html

Private companies provide job opportunities

In India,44 percent of companies are going to increase their job openings from this year.Indian industries are going to announce the salary increase which equivalent to the inflation rate.
60 percent companies increases the salary which is useful to inflation but this will not suitable for cost of living standard.
This situation shows in all India's private company.Different countries in world which provides one fifth of salary hike in these critical situation
20 percent of companies announced no salary increase for their employees,3% of companies are going to Salary cut and the 10 percent of company's are going to provide salary increase which is equivalent to the inflation rate.
In Asia pacific countries,29 percent will increase the salary in the companies and 72 percent of companies donot provide salary hike in Taiwan
There is a good salary increases in Denmark,Finland and Sweden nations
These report announced these result about all different nations which 60% of private industries or companies are going to increase the job opportunities.These information is very happy to all Indians


10,000 new job openings in Chennai

Due to Global economic crisis,there is a slow down rate and employee's Layoff.Now the evergreen sector Real estate market is also down.It is not depends on our cities.But our Tamilnadu capital Chennai creating new job opportunities from the various Multi National Companies.We are expecting N number of job openings from these system.
This new economic region covers around 5000 acre land.Especially 300 acre land is only for 17 multinational companies.Job experts told that new 1000+ creates from these source.In the next financial year,17 MNC's has plan to invest 800 crores for their projects.The company includes Spain leading company Euro,Bahrain B.F.G.,South africa automobile company Venzura Automotives.These projects expected to spend 2500 crores for the Special economy region.

Stipend For Indian Students

In Singapore,Indian International schools offers financial assistance for Higher secondary (XI and XII) Indian students.They are running some other schools.This is applicable to international educational system and CBSE syllabus pattern.
Under their umbrella, there are 17000 students are studying in this system.1500 teaching professionals are working there.They are operating in Singapore, Malaysia, Japan, Vietnam,Thailand, India and Newzealand.
For helping assistance you can refer to www.globalindian.org.sg

24 March 2009

23 March 2009

Ranbaxy's Business

Ranbaxy Laboratories Ltd said on Monday drug regulators in the UK and Australia had approved its manufacturing facility in north India that was earlier the target of U.S. regulatory action.
Ranbaxy, majority owned by Japan's Daiichi Sankyo, said Medicines and Healthcare products Regulatory Agency (MHRA) of the UK and Australia's Therapeutic Goods Administration issued "good manufacturing practice" certificates for the Paonta Sahib facility after a joint audit conducted last October.
The drugmaker said the MHRA approval would apply to its product filings for the entire European Union.
In February, the U.S. Food and Drug Administration halted reviews of drug applications from Paonta Sahib plant saying test results submitted in approved and pending drug applications were found to have been falsified.
Shares in Ranbaxy, whose market value has dropped more than 60 percent in the past 15 months, rose 8.2 percent to 157.20 rupees by 0651 GMT in a Mumbai market up more than 3 percent.

source : in.news.yahoo.com/137/20090323/744/tbs-ranbaxy-says-india-plant-gets-uk-aus.html

PNB's Growth

Punjab National Bank expects a 20 percent credit growth in 2009/10 but is likely to adopt a cautious approach to lending, Chairman K.C. Chakrabarty said on Monday.
"We need to utilise credit in an efficient manner and we will be cautious in lending to over-leveraged sectors," Chakrabarty said, but did not specify any sector.
If the Reserve Bank of India cut rates further, his bank would examine opportunities to lower rates, he said, adding the bank would not slow down its spending on technology.

source : in.news.yahoo.com/137/20090323/744/tbs-pnb-sees-20-pct-credit-growth-in-200.html

US Car Dealers Struggle To Survive

Deep in the last stronghold of the struggling U.S. auto industry, Rosario Criscuolo says he owes the survival of his business to Toyota Motor Corp.
"If it weren't for Toyota, I'd be gone," said the owner of Spartan Auto Group, which runs three auto dealerships selling Toyota, Lexus, Infiniti, Volkswagen and Mazda brand cars. "Without them I'd be selling papers on the corner."
To fund the $25 million worth of gleaming new cars at his showrooms, including here in Michigan's capital, Criscuolo needs floorplan financing, or inventory loans.
Floorplan financing is the lifeblood of U.S. auto dealers because it allows them to pay for vehicles when they take delivery and carry them until they find a buyers.
But many auto dealers say the credit crunch has left them unable to bring in new cars or keep those they already have, choking off production by the U.S. automakers.
"If we don't fix this wholesale credit issue, this whole thing collapses," said John McEleney, National Auto Dealers Association chairman, who owns two dealerships that between them sell Toyota, General Motors and Hyundai branded cars. "Every week there are more dealers that are being impacted and going out of business."
In Criscuolo's case, his bank lenders stopped providing floorplan financing. Had Toyota's finance arm not taken over funding for all his brands, he would have been in trouble.
"They have tightened credit lines a little, but I'm very fortunate to have them," he said.
His sales have improved in March, he said, but over the winter, monthly sales at his Lansing dealership fell by about half. So Criscuolo cut advertising spending and turned the heat down a few degrees to save money.
"Cash is king right now," he said.
To help dealers in worse shape than Criscuolo, the NADA and two other dealer associations have called on U.S. President Barack Obama to have the Federal Reserve's Term Asset-backed Loan Facility -- set up to provide $200 billion to finance new debt backed by auto, credit card, student and small business loans -- to boost floorplan financing.
Rating agency downgrades for auto finance companies like GMAC LLC have cut off access to TALF funds.
SPIKE IN CLOSURES
U.S. auto sales fell nearly 40 percent in the first two months of the year to their lowest level in 27 years.
As a result, the NADA expects 1,200 dealerships will go under in 2009, up from 900 in 2008. Job losses at U.S. dealerships over the past 12 to 14 months exceeded 50,000.
"This is a huge problem spread out across little and large communities across the country," said Russ Darrow, chairman of the American International Auto Dealers Association, who owns 15 dealerships in Wisconsin, selling U.S. and foreign brands.
Bob and Mary Cockerham run a dealership in Santa Fe, New Mexico, selling Kia brand cars. Their sales are down about 50 percent, forcing them to cut staff to 17 from 80.
With most of their financing cut off, they say they are are fighting for survival.
"There are thousands of Marys and Bobs out there who will go out of business unless something happens," Bob Cockerham said. "But it doesn't have to be this way."
GOVERNMENT GUARANTEES
The lack of floorplan financing stems from the collapse in the asset-backed security market, analysts say.
Mirko Mikelic, a portfolio manager at Fifth Third Bank said the sale of asset-backed securities guaranteed under the TALF by Nissan Motor Co Ltd and Ford Motor Co was a positive sign, but the government "needs to do more to address this issue and bring confidence back to the market."
In the meantime, dealers like Jeff Williams, who sells VW, Subaru and Audi cars near Lansing are doing everything they can to save cash.
Williams said he is working closely with VW and Audi's finance arms and cut his inventory. "I haven't even tried to get floorplan financing from anyone else because I know wouldn't get it," he said. "Some people I know have been cut off by banks overnight."
Some dealers like Chris Mayes, however, said many of the retailers in trouble have themselves to blame.
Mayes, who co-owns a dealership in Norman, Oklahoma, selling Kia and Suzuki models, said: "The writing was all over the wall from last summer that this was coming."
Mayes' sales are down significantly but he he "cleaned up" his inventory and is still making a profit, he said.
"The dealers who didn't do what I have are the ones who are going out of business," he said. "They've been flippant with their money over the years so why should we bail them out?"

source : in.news.yahoo.com/137/20090323/371/tbs-in-credit-drought-u-s-car-dealers-ba.html

19 March 2009

Artificial Heart

Cardiac surgeons say the artificial heart developed at the Indian Institute of Technology Kharagpur (IIT KGP) could bring about a revolution in modern medicine and especially benefit patients in developing countries. So far, the number of heart transplants in India is too low, mainly because of the prohibitive cost of the imported synthetic heart.
Doctors say that when all devices like pace makers or stents fail, the only option for a heart patient is to replace the failing heart. An artificial heart can be used either for total replacement or it can used as a parallel circuit.
"All heart ailments ultimately lead to failure of the organ. Going by the increasing number of cardiac patients, cardio vascular disease is going to assume the magnitude of an epidemic in about two decades. If this artificial heart works, it will bring about a sea change and benefit everyone from newborns to adults," said cardio vascular surgeon Shantanu Dutta of SSKM.
Though there is a demand for hearts, be they artificial or from cadavers, not many heart transplants have taken place in India. The absence of donors has limited transplants from cadavers. Moreover, the synthetic heart imported from the US is too expensive. With an estimated cost of just Rs 1 lakh, the artificial heart designed by IIT KGP can bring about a medical revolution.
"In countries like the US, artificial hearts have been used since a long time. But in poor countries like ours, patients just can't afford the cost involved. Though information on the artificial heart developed by IIT KGP is still very sketchy to me, it would be great if the device works," said cardio thoracic surgeon Dr Sushil Mitra.
Doctors who are involved with the project, however, say it will be some time before the device can be used on humans. A series of prolonged tests is yet to be conducted on animals. So far, all the tests have been for short term efficacy of the device. The entire research is being sponsored by the ministry of science and technology.
"The research is still at a very nascent stage. Before conducting a trial on humans, we must conduct tests on large animals to see how the artificial heart works on a long-term basis. Ethical and protocol issues also have to be sorted out before the test is conducted on a human body," said Dr Madhusudan Pal, head of cardio thoracic surgery at Medical College and Hospital, Calcutta. The tests on humans will be conducted in the hospital.

source : timesofindia.indiatimes.com/Cities/Artificial-heart-a-revolution-say-doctors/articleshow/4289681.c

Worst Track Of Forex & Doller

The dollar headed for its biggest weekly fall in 24 years on Friday as investors feared the Federal Reserve's plans to buy longer-term government debt would erode the world's reserve currency.
The dollar has slid 5.1 percent against a basket of major currencies .DXY this week, set for the steepest decline since 1985 when the major economies agreed a formal depreciation of the dollar in the Plaza Accord.
A tumble of more than 5.2 percent would mean this week's dollar plunge is the biggest since 1973 when the Bretton Woods system that ruled the post-war period was finally abandoned, ushering in the modern era of free-floating exchange rates.
"This is a historic moment, the start of debasement of the world's reserve currency, and it feels to many participants that in the grand sweep of history we are witnessing the end of 'Rome' on the Potomac," said Alan Ruskin, chief international strategist a RBS Greenwich Capital.
Analysts said the Fed's radical decision to buy $300 billion of longer-term government debt and vastly expand its balance sheet beyond the current $2 trillion meant more and more of the U.S. currency would be created, straining demand.
The Fed's historic move also drove Treasury yields down by the most in 26 years, reducing the dollar's yield allure, while raising inflationary risks in the longer term.
Taken together, analysts said the safe-haven appeal of the U.S. dollar, which had soared to a three-year high against a basket of currencies only earlier this month, is tarnished.
"U.S. dollars will be flooding the world as the printing presses work overtime," said Stephen Koukoulas, a strategist at TD Securities in London.
"With the supply of the U.S. dollar growing and demand for U.S. dollar stable at best or falling sharply, the price of U.S. dollar has to fall," Koukoulas said in a note to clients titled "Bye bye U.S. dollar. Sell sell U.S. dollar!"
Investors seemed to agree, selling the U.S. currency in favour of ones with higher yields such as the euro, Australian and New Zealand dollars despite a retreat in equity markets in Asia and Wall Street. [MKTS/GLOB]
In early Asian trading, the dollar index edged up 0.2 percent from late U.S. trade after having fallen as far as 82.631 on Thursday, the lowest in two months.
The euro was resting at $1.3655 , having climbed to a peak of $1.3737 in New York, the highest since early January.
The single currency was up almost 6 percent from last Friday's $1.2922 close, the biggest increase since its inception in 1999.
But the dollar edged up 0.1 percent to 94.68 yen , after falling as far as 93.52 and having shed 4 percent on the week.
The New Zealand dollar was the biggest beneficiary of the dollar's woes and the revival of risk appetite, surging 6.5 percent on the week -- on track for its best week since the currency was floated in 1985. The kiwi was at $0.5570 .
In a research note titled "The day the dollar died", currency strategists at Standard Chartered said the Fed is now targeting both short- and long-term interest rates to kick start credit markets and lending.
"This is an extraordinary shift in intent that will give risk appetite a shot in the arm and send the U.S. dollar reeling at the same time."
Standard Chartered said it expected the euro to reach $1.45 by the end of the second quarter and $1.55 by the end of the year, while the dollar was poised to fall to 88 yen -- near a 13-year low hit earlier this year.

source : www.reuters.com/article/marketsNews/idUSHKG2670020090320?pageNumber=2&virtualBrandChannel=0&sp=true

Akruti Excluded In F&O Trading

The stock of Akruti City will be excluded from the F&O space after March expiry. The stock has seen some unusual moves over the past few days. It has surged from Rs 860 to over Rs 2,000 in the last one-month.
The Securities and Exchange Board of India (Sebi) is probing what could be behind this upmove. Sebi says that three brokers from Mumbai, Kolkata are being probed. Two Sebi teams are checking brokers' books on Akruti share price rise.
The stock is currently in a ban period. Futures crossed 95% of market-wide position limit. As of now, the members are allowed to unwind their positions, but increase in open positions will attract penal and disciplinary action. The stock will attract 5% circuit from March 27 after it moves to trade-to-trade (T2T) segment.
What now?
According to market experts, throwing the stock out of F&O is the right thing to do. Whether one has short April or March, that doesn’t matter, positions have to be covered in the next few days because after that there will be no Akruti in F&O.
Starting the week after, Akruti is probably a dead stock for a long time, but in the interim between Monday and starting today to next Thursday-Friday one will probably see the bulls partying even harder and the bears getting even more to a corner. Therefore, some more fireworks might happen on the stock taking it even higher from here. After that Akruti City becomes a Maytas, once it gets out of F&O and gets into T2T (trade-to-trade). There are possibilities of Rs 25-30 circuits on the stock, according to market experts.

source : www.moneycontrol.com/india/news/business/akruti-city-to-be-excludedfo-post-march-expiry/389624

Outsourcing Market Of Cybersoft

Cybersoft, Inc., an established Business Process Outsourcing ("BPO") provider to many strategic industries, announced today that it has selected CentRealTech, Inc. as its technology partner to provide Cybersoft with a significant advantage in their Best Shore Methodology for outsourcing to the Title Insurance Industry. Cybersoft is using the One Click System from CentRealTech as the key technology component to their onshore/offshore title production offering. Cybersoft has also taken advantage of the deep title industry experience provided by CentRealTech for training and support of Cybersoft's experienced and well educated BPO staff.
The combination of the resources within Cybersoft, along with the continuing support of CentRealTech as their title industry expert, will allow Cybersoft to provide more than just a very capable solution to the title industry; it will allow Cybersoft to far exceed their customers' expectations. "We have found that the One Click System is very easy to use and its feature set is so robust that processing title products quickly and effectively has become second nature for our staff," said Dan Guerrero, President and CEO of Cybersoft. "The wealth of experience that CentRealTech has brought to the process, along with its excellent training and support has certainly been a huge benefit to Cybersoft - one that we will continue to take advantage of as part of our Best Shore Methodology."
CentRealTech's One Click System is the only single seat, automated offering for the Title Production Process, that is available today as a Software as a Service application, accessed using any web browser. The application makes it easy for the user to automatically retrieve pertinent documents, maps, and assessment information within minutes. Search files may be submitted individually or in large batches, and every file is "simultaneously" processed, rather than sequentially. With the One Click System, the user can generate title products in a matter of minutes that are ready for final review by the appropriate title company personnel.
"We are very proud that Cybersoft has selected our system as their technology solution for their Title Industry offering. Cybersoft is a world class organization and a leading BPO provider," said Robert Matanane, President and CEO of CentRealTech. "We were very impressed by the depth of experience their staff commands and how quickly they captured the base of knowledge required to quickly and accurately process title transactions using our system. The title production process requires a very unique skill set and level of experience - Cybersoft's staff has what it takes."
Cybersoft has been providing their outsourcing expertise for over 20 years utilizing evolving technologies and human resources that specialize in assuming complex processes and tasks for customers. Cybersoft has more than one thousand full time college educated, English speaking employees. Cybersoft has supplemented their highly motivated pool of talent with a CentRealTech technology and consulting relationship to ensure that a Best Shore solution is provided to their new Title Insurance Industry customers.
About Cybersoft, Inc.
Cybersoft, Inc. is a Business Process Outsourcing company that utilizes Best Shore Methodology to provide services to many strategic industries, including Title Insurance, Legal, Health Care, Property Insurance, and others. Cybersoft leverages their key resources to provide appropriate solutions to their customers that maximize cost savings, deliver excellent services and products, and ensure overall best performance. Cybersoft is a privately held company headquartered in San Francisco, CA with operations in Manila and Beijing that specializes in providing Best Shore Services - not just offshore services.

source : www.foxbusiness.com/story/cybersoft-selects-technology-partner-title-insurance-outsourcing-market/

NTPC's Expansion

NTPC ended 2008 as India’s second-largest company by market value behind Reliance Industries, it was just business as usual at the New Delhi headquarters of the country’s largest power generator. For the leadership team of the company, it was just a validation of things they already knew.
The government-run company has been consistently outperforming the best of Indian companies in the market since the beginning of last year, and it was about to announce 21% higher sales and 26% higher net profit for the third quarter of the fiscal that was coming to a close.
What sets NTPC apart from other public sector firms and peers in power generation? The company’s rise to prominence seems to have a lot to do with its ability to turn opportunities into successful businesses, which has been the hallmark of its operations ever since it got listed in 2004. NTPC pursued an aggressive expansion plan that saw it diversifying beyond thermal power into some more lucrative operational areas such as hydel power, nuclear energy, power equipment manufacturing, energy trading and coal mining.
Results for the December quarter bear testimony to the robustness of NTPC’s business. While NTPC reported 26% higher net profit, Tata Power, the country’s largest private sector power producer, reported a 49% decline in net profit due to increased expenditure and interest payouts.
NTPC is well on course to increase its generation capacity from 29,894 mw to 50,000 mw by 2012 while other power generators are shelving their projects due to the liquidity crisis. The economic slowdown doesn’t seem to affect NTPC. “We have the financial muscle to go ahead with our expansion plans. And the kind of business we are in, there cannot be a slowdown in demand,” said RS Sharma, chairman and managing director of NTPC.
The company is unlikely to face any problem in tying up funds for its projects. The strong balance sheet of the company facilitates access to low-cost funds to meet the huge outlays required for its massive capacity addition and diversification programmes. NTPC has a debt-equity ratio of 0.52:1, which will allow the company to raise more funds.
This advantage is not enjoyed by several other power companies that face problems in tying up funds for their projects, said Shubhranshu Patnaik, executive director at PricewaterhouseCoopers. While other companies are rationalising their workforce, NTPC is going ahead with additional recruitment. It has recruited 1,225 people in the current year and plans to hire more than 1,000 engineering and management professionals every year.
NTPC’s emergence as a professionally-managed company is getting reflected in its standing among its global peers. According to an analysis carried out by North American Electric Reliability Corporation, NTPC performed better than comparable power utilities abroad on parameters of performance efficiency such as capacity utilisation, unit availability and planned & unplanned outage.
For its nearly 30,000-mw installed capacity, NTPC has been consistently achieving capacity utilisation of over 90%, which is a global benchmark. Some of its stations are operating in the range of 95-100% capacity utilisation.
Part of NTPC’s success may be attributed to the way it manages its human resources. The company has developed a comprehensive training policy for its employees. It has also entered into tie-ups with premier engineering and management institutes to provide long-term educational opportunities.
Such initiatives make NTPC a preferred employer for young professionals. It got special recognition from by Great Places to Work Institute’s India chapter. It topped the category ‘Best workplaces for large organisations’ and stood eighth in overall standings for 2008.
Sceptics might say all such achievements matter less considering the near monopoly being enjoyed by NTPC in a highly-regulated environment. But they can’t deny the fact that no other Indian PSU has delivered such results with the consistency associated with NTPC’s feat.

source : www.economictimes.indiatimes.com/News/News-By-Industry/Energy/Timely-expansion-strategy-powers-NTPCs-bottomline-/articleshow/4289755.cms

18 March 2009

Facemask Prevents Health Hazards

Diesel exhaust causes arteries to lose their flexibility. Researchers writing in BioMed Central's open access journal Particle and Fibre Toxicology found that exposure to engine pollution resulted in arterial stiffness in a group of healthy volunteers.
Nicholas Mills from the University of Edinburgh worked with a team of researchers to investigate the cardiovascular damage that can be caused by inhaling diesel smoke. He said, "Acute exposure to diesel exhaust is associated with an immediate and transient increase in arterial stiffness. This may, in part, explain the increased risk for cardiovascular disease associated with air pollution exposure".
The authors invited a group of 12 non-smoking young men to cycle on exercise bikes while breathing air that had either been filtered or been contaminated with smoke from a diesel engine. They found that when the subjects were exposed to the polluted air, the blood vessels in their wrists temporarily lost the ability to expand and contract. According to Mills, this can have serious consequences, "Stiff arteries can result in raised blood pressure and reduced blood flow in the heart. Arterial stiffness plays an important role in hypertension and is an independent predictor of mortality."
There is, however, something that cyclists and pedestrians in smog shrouded cities can do to limit the vascular effects caused by diesel exhaust.
In a separate article also published in Particle and Fibre Toxicology, researchers report how wearing a facemask reduces exposure to airborne pollution particles and leads to a reduction blood pressure and improved heart rate control during exercise in a city centre environment.
Jeremy Langrish from the University of Edinburgh said, "We tested a range of facemasks that differed widely in their efficiency as particle filters. In general, those masks designed to reduce occupational exposure to dusts in the workplace were more efficient than those marketed to cyclists and pedestrians."
The authors say, "This simple intervention has the potential to protect susceptible individuals and reduce cardiovascular events in cities with high concentrations of ambient air pollution."

source : www.hindu.com/thehindu/holnus/099200903161733.htm

Tom & Jerry's Funny Magic Lamp



source : youtube

Banned Pulses Export

The poll-bound UPA government on Wednesday extended the ban on pulses export for another year while widening the PDS supply of imported pulses for the next six months till September.
In a Cabinet decision, the government extended import of pulses at zero duty while continuing with the ban on exports on almost all varieties, for one more year. The bar on export is intended to augment domestic supply while keeping a check on prices following lower production this year.
After a Cabinet meeting, home minister P Chidambaram said it was decided to allow state-run trading firms to import 1.5 million tonnes of pulses under a reimbursement scheme and extend the distribution of imported pulses through the public distribution system for six more months till September 30.
The government had imposed ban on pulses in June 2006 to check rise in prices. Interestingly, a multi-agency probe including a CBI inquiry is in progress against some entities which had exported pulses during the ban period.
Intelligence agencies had established linkages of two firms in the pulse scam
with the D-gang. One of the front men of an Indian company, at the centre of the scam, is a well-known Dawood associate and had also been in prison in UAE for his alleged role in financing Al Qaida terrorists and handling the finances of Dawood's narcotics business.
In the pulses scam, three Indian companies had obtained backdated Letters of Credit from a Cooks Island bank and had exported 60,000 tonnes of pulses during the ban period between June 22, 2006 and March 31, 2007. All the three have since been booked by the CBI for forgery and cheating and several agencies have been put on the job to unravel their international network.

source : www.timesofindia.indiatimes.com/Business/India-Business/Ban-on-pulses-export-extended-for-one-more-year/articleshow/4283509.cms

Banned Pulses Export

The poll-bound UPA government on Wednesday extended the ban on pulses export for another year while widening the PDS supply of imported pulses for the next six months till September.
In a Cabinet decision, the government extended import of pulses at zero duty while continuing with the ban on exports on almost all varieties, for one more year. The bar on export is intended to augment domestic supply while keeping a check on prices following lower production this year.
After a Cabinet meeting, home minister P Chidambaram said it was decided to allow state-run trading firms to import 1.5 million tonnes of pulses under a reimbursement scheme and extend the distribution of imported pulses through the public distribution system for six more months till September 30.
The government had imposed ban on pulses in June 2006 to check rise in prices. Interestingly, a multi-agency probe including a CBI inquiry is in progress against some entities which had exported pulses during the ban period.
Intelligence agencies had established linkages of two firms in the pulse scam with the D-gang. One of the front men of an Indian company, at the centre of the scam, is a well-known Dawood associate and had also been in prison in UAE for his alleged role in financing Al Qaida terrorists and handling the finances of Dawood's narcotics business.
In the pulses scam, three Indian companies had obtained backdated Letters of Credit from a Cooks Island bank and had exported 60,000 tonnes of pulses during the ban period between June 22, 2006 and March 31, 2007. All the three have since been booked by the CBI for forgery and cheating and several agencies have been put on the job to unravel their international network.

source : timesofindia.indiatimes.com/Business/India-Business/Ban-on-pulses-export-extended-for-one-more-year/articleshow/4283509.cms

Reliance Refinary Secondary Unit

India's Reliance Industries (RELI.BO) will commission all secondary units of its new refinery in a few weeks and expects to reach full capacity of 580,000 barrels per day by September, nine months after it began operations, company officials said.
The refinery is totally export-focused and was commissioned in December, facing weak global demand for refined products.
"All secondary units will be commissioned in the next few weeks," a spokesman for Reliance told Reuters on Wednesday.
Separately, another Reliance official, who did not want to be identified, said the new refinery was expected to run at full capacity in six months.
"We expect refinery to reach full capacity and stabilise in second quarter of the new financial year," he said. India's financial year runs from April to March.
According to trade sources, a crude distillation unit, a coker, a diesel hydrotreater and a vacuum gas oil hydrotreater are functional at the new refinery.
"What we know is that only the coker is running at a low level. But other units are functioning at normal rate," a trade source said.
Reliance Industries is in the process of absorbing its Reliance Petroleum (RPET.BO) subsidiary, which runs the new refinery. The refinery is located next to Reliance Industries' 660,000 bpd refinery in Jamnagar in the western state of Gujarat.
The two units have a combined refining capacity of 1.24 million bpd, making it the largest refining facility in the world.

source : www.reuters.com/article/rbssEnergyNews/idUSBOM36027320090318

17 March 2009

Reforming Education

David Brooks wrote last week about President Obama's vision for education ["President Obama's speech signals a serious approach to education," syndicated column, March 14]. He used the story of Obama's mom waking him up early as a boy for extra tutoring to illustrate the "two traits necessary for academic success: relationships and rigor."
Brooks talks about using test scores to measure progress, including "which students had which teachers so we can assess what's working and what's not." In an apparent contradiction, he also talks about an Obama plan to give merit pay to "good teachers (the ones who develop emotional bonds with students)" and fire the "bad teachers (the ones who treat students like cattle to be processed)."
I've never heard of any quantitative way to measure emotional bonds, so instead we measure test scores. Our assessment system does exactly what Obama suggests we must not do: treat students like cattle. Students who pass the test are allowed to move on; those who don't are sent back to the mill for more "processing."
Furthermore, I believe that measuring the success of students, teachers and schools based on test scores alone is simply wrong! The purpose of education is, I believe, to help create adults who can read, write and compute, think creatively to solve problems, feel the joy of discovery, see the beauty in a musical composition or work of art, and who are prepared to live, work and get along in a complex world. Most of that cannot be measured on any standardized test.
The losers in all this are the students themselves, whose curriculum is being reduced to only those subjects that are on the test. How about we measure successful schools based on the opportunities they offer kids to explore art, music, literature, history, science and the whole myriad endeavors that make up the human experience? Which schools would pass muster then?

source : www.blog.seattletimes.nwsource.com/northwestvoices/2009/03/17/education_reform_2.html

Crazy Kids



source : youtube

Nano Fever

The Nano fever is beginning to spread across the country with dealers besieged by calls from prospective customers.
Even the Hindi film industry appears to have been smitten by the people’s car.
“A film star’s secretary told us that her boss wanted a Nano for her private use,” a Mumbai-based dealer said.
Nano effect likely to be felt across user segments
Tata Motors will launch the car on March 23 and select dealerships will get one each for display in their showrooms across the country.
“The Nano is on its way here from the Pantnagar plant in Uttarakhand. We will have it displayed on the launch date,” he added.
First Nano to be rolled out by 2010
The company has 470 passenger car sales touch points and the Nano is expected to be on display in at least 150 showrooms.
“Every manufacturer would like to display a model at the dealership on the launch day which is common practice. We hope Tata Motors will give us the go-ahead to do so,” dealers said.
Application forms for booking will be available at Tata Group-owned retail electronic goods chain, Croma Stores and apparel chain Westside, apart from SBI branches.
Get ready to book your Tata Nano
“Customers will have to make known their choice of dealer. We would like to get as many bookings as possible so that the company will, in turn, allot more cars to us,” a dealer quipped.
Tata Motors has asked dealers to create a separate sales team for Nano.
More India business stories
“We have recruited a few newcomers and also put some existing staff in the sales team. For each dealership there will be a manager, along with three sales executives, catering to Nano sales,” said another dealer.
Even while the car has been targeted at the middle and lower middle-class categories, current indications are that its appeal could spread across all customer segments.

source : www.sify.com/finance/fullstory.php?id=14871681&?vsv=TopHP1

Market Bounce Back

The benchmark indices bounced back following positive US cues and managed to recover yesterday's losses. Real estate, financial, auto and metal stocks were helping the markets.
At 9:56 am, the Sensex was trading at 8,999, up 135 points and the Nifty was trading at 2,795, up 37 points. CNX Midcap 100 was up 42 points, to 3,205.
Among frontliners, ICICI Bank, DLF, Unitech, Suzlon, Tata Steel, Tata Motors, SAIL, HDFC Bank, Reliance Industries, Cairn, PNB, SBI and HDFC gained.
Among midcap stocks, SREI Infrastructure, Akruti City, HDIL, Alok Industries, Kingfisher Airlines, Educomp Solutions, Everonn Systems, Deccan Chronicle, Balaji Telefilms and Edserv Softsystems were up 5-9%.

source : www.moneycontrol.com/india/news/local-markets/mkts-bounce-back+ve-us-cues-financials-realty-up/389293

ABB

ABB operations in India include 14 manufacturing facilities and over 6500 employees. Customers are served through extensive countrywide presence with around 30 marketing offices, 8 service centers, 3 logistics warehouses and a network of over 750 channel partners. The ABB Group is increasingly leveraging the Indian operations for projects, products, services, engineering and R&D. Also, as part of ABB’s new regional approach, India has been designated as the hub for the South Asia region.

Products & Services

Cables & Cable Accessories
Collaborative Production Management
Control Systems
Drives
Generator Circuit Breakers
Force Measurement
Instrumentation and Analytical
High Voltage Products and Systems
Low Voltage Products and Systems
Insulation Components
Medium Voltage Products & Systems
Metallurgy Products
Power Electronics
Motors and Generators
Power Protection & Automation Products
Reactors
Robotics
Semiconductors
Transformer Components
Transformers
Turbocharging

Refer - www.abb.co.in/

Madras University AND NIFT Result 2009


Madras University Result Result 2009

NIFT Result 2009

TANCET 2009

Smallest Man - Tallest Legs


Smallest Man Meets Tallest Legs - The best free videos are right here

Source - Metacafe

Telenor to have greater stake in Unitech Wireless

Norwegian telecom major Telenor Tuesday said it will take 67.25 percent stake in Unitech Wireless, up from the previously stated 60 percent, for Rs.61.2 billion investment. 'While Telenor's initial investment under the agreement will continue to be the previously agreed Rs.61.2 billion ($1.2 billion), it has been agreed that Telenor, after this investment, would be holding 67.25 percent in Unitech Wireless,' Unitech said in a regulatory filing. 'Upon completion of the first phase of the investment, Telenor's ownership percentage will be 33.5 percent,' the statement added.

Realty major Unitech in October entered into an agreement with Telenor to invest over Rs.61.2 billion in Unitech Wireless for 60 percent equity stake. Unitech successfully bid for 2G spectrum in February 2008 for 22 telecom circles in India.

Source - http://in.news.yahoo.com/43/20090317/836/tbs-telenor-to-have-greater-stake-in-uni.html

16 March 2009

5 Easy Ways to Shake Off a Bad Mood

Everyone gets into a big ol’ bad mood sometimes. I’m talking about the kind of mood that throws a spanner in the works, has you fuming at every little thing and threatens to ruin a perfectly good day. Sometimes these moods happen just when you don’t want them to and they can get in the way of doing what you want to do in the way that you want to do it. Here’s how to shake them off quickly so that you can get back your life.

1. Leave the room

Get a change of scene. Right now. Bad moods can be triggered by all kinds of things and often it’s something around you that ticked you off, and if you stay in the same environment it’ll continue to nag at you and play on your mind. Go to a new environment, surround yourself with different things, different people and different sensations and it’s easier for you to leave your bad mood behind you.

2. Give yourself a treat

When you’re in a bad mood it’s easy to look for things to fuel that bad mood or reinforce it. Why? Because you want to feel like your bad mood is valid, so you look for things to validate it and make it right. Break that habit by doing the opposite, no matter how strange it might feel. Watch a funny movie, play your favourite song, go for a walk in your local park, grab a coffee and a slice of pie in that great coffee shop. Do something that feels good and puts a smile on your face, and your bad mood will be history.

3. Have a BMW

When I’m in a coaching session with someone it’s pretty obvious if they’re in a bad mood. When that happens I say to them, “Right. You have 4 minutes to Bitch, Moan and Whine all you want. When the 4 minutes is up there’s no more moaning, deal?”. Then they let rip for 4 minutes.
Taking just a couple of minutes for a BMW (as I like to call it) can get everything right out there, everything that’s bubbling away. The key is not to pause or think - a BMW session is just getting it all out there. Often you’ll find that you run out of steam before the 4 minutes is up and sometimes you’ll just end up laughing. Either way, when you’re done you’ll feel lighter.

4. Hit the gym

Physical exercise has a direct influence on our mood, and countless studies have shown that exercise releases endorphins and serotonin (the body’s pleasure chemicals) that positively affect your mood. Hitting the gym not only releases those feel-good chemicals, but it’s a great distraction, diverting your attention away from your bad mood and giving you something to do that occupies your body and mind.

5. Let yourself off the hook

Fact of Life # 37 - Bad moods happen. Sometimes, it’s just fine to let the bad mood ride. If things are niggling you and bad moods are a familiar deal to you, then it’s a good bet that something’s not quite right somewhere in your life. Letting the bad mood ride allows you to go to those dark places where you wouldn’t normally go and see what’s there. You don’t have to wallow in it, but letting it happen can be surprisingly liberating. Your bad moods are just as valid as your good moods and when you come out the other side you might just have learned something about what’s really going on.

Source - www.lifehack.org/articles/lifestyle/5-easy-ways-to-shake-off-a-bad-mood.html

15 March 2009

Rupee at 2-wk high; gains in Asian units helps

The rupee rose to its highest in two weeks on Monday, as gains in other regional currencies and share markets boosted sentiment, with traders waiting for local stocks to open for further direction.

* At 9:20 a.m. the partially convertible rupee was at 51.40/42 per dollar, off a high of 51.33, its strongest since Feb. 27 and above its previous close of 51.48/50.

* The dollar firmed against the euro and yen as traders looked ahead to a Federal Reserve policy meeting this week after a Group of 20 finance ministers' conclave at the weekend gave the market few trading incentives.

* However, most Asian currencies were higher against the dollar, which was supporting the rupee, dealers said.

* Most Asian stocks were trading higher. At 0350 GMT, the Hang Seng was up 1.3 percent, the Nikkei rose 2.5 percent and the Kospi was up 1 percent. Nifty futures traded in Singapore were marginally higher.

Source - http://in.news.yahoo.com/137/20090316/744/tbs-rupee-at-2-wk-high-gains-in-asian-un.html

14 March 2009

Bharti Airtel CEO sells entire holding in firm

Bharti Airtel's chief executive, Manoj Kohli, has sold his entire holding in the telecoms firm through open-market transactions, stock exchange data showed on Thursday. Kohli, who owned 123,000 shares, sold 53,000 shares on March 6 and 70,000 shares on March 9, exchange data showed. Bharti shares were trading 3.1 percent down at 569.60 rupees at 10:26 a.m., while the BSE Sensex rose 1.7 percent.

(For Quotes and Interactive Charts of Bharti Airtel click http://in.reuters.com/money/quotes/chart?symbol=BRTI.BO)
www.//in.news.yahoo.com/137/20090312/744/tbs-bharti-airtel-ceo-sells-entire-holdi.html

OPEC to spare world economy says U.S. Energy Chief

U.S. Energy Secretary Steven Chu said late on Friday that OPEC ministers should take into account the harm high oil prices can do to the global economy when they meet in Vienna this Sunday to discuss whether to carry out another oil production cut. "We will continue to send a strong and clear message to OPEC nations about the importance of protecting the world economy from significant price increases that aren't good for any nation," Chu said in a statement released by the Energy Department.

To help prop up crude prices, OPEC ministers will consider whether to make additional output cuts on top of the 4.2 million barrels a day in production they previously agreed to slash. Chu said because the United States consumes almost 20 percent of the world's oil, the most effective way to reduce prices is for it to become more efficient and consume less oil. "The ultimate answer is to depend less on oil and more on clean and renewable energy. We have a shared responsibility with other nations -- and a shared opportunity -- to create a generation of new green jobs, reduce energy bills for families, and address the global climate crisis," he said.

Chu said he has also conveyed to world energy ministers the Obama administration's belief that the most effective way to make the world economy less vulnerable to price spikes in oil markets is to diversify energy sources.

Source - www.in.news.yahoo.com/137/20090314/746/tbs-u-s-energy-chief-urges-opec-to-spare.html

TCS announces No Salary hike

India's Leading Software company TCS, announced no salary increases for their employees on next year.They announced these report due to Global Economy crisis. If the economy condition goes down,it may leads to the Salary cut based on the situation.
TCS silently stops their Recruitment in the recent years.They also going to revise the Employees' salary percent.TCS employs 1,30,000 professionals spread over the world.
It shows 8% of the employees salary from the total company Income.Revised salary may depends on the Employee's talent which includes 22 to 35% increase that follows.

13 March 2009

Explosion Show



source : youtube

Indian Vaccine Market

Multinational pharmaceutical companies are now increasingly looking at the Indian vaccine market in a big way. MSD Pharmaceuticals,
GlaxoSmithKline (GSK), Novartis and Pfizer are some of the companies that want to be a part of this story.
MSD Pharmaceuticals, the Indian affiliate of Merck USA, director (sales & marketing
) Sanjiv Navangul said: “The vaccines space is very different now as compared to 60 years back. Life expectancy can now increase with the next wave of vaccines coming in. There is a huge opportunity for MNCs in this segment.”
Vaccines, which were perceived as a low margin business, has now emerged as one of the more lucrative segments in the pharmaceutical industry. With a projected compounded annual growth rate (CAGR) of at least 16%, the industry will be the fastest growing in the therapy segment. At $900 million in 2006-07, the Indian market represents one of the fastest growing vaccines market globally. This is dominated by paediatric vaccine, which accounts for three-fifths of the market.
‘Global Vaccine Market Forecast to 2012,’ a report from RNCOS, a research firm, says domestic companies, which are seven out of the top 10 players, call the shots here. The trigger for growth will be the changing IPR laws accompanied by higher healthcare expenditure.
This is reflected by a greater MNC presence, with companies like Wyeth, GSK, Sanofi-Aventis and Eli Lilly launching a host of innovative products. Factors such as increasing public and private healthcare spending, the birth of 25 million babies every year and more infectious and chronic diseases, the vaccine market in India is expected to grow by over 10%.
If Pfizer is not selling any of its vaccines in India, its acquisition of Wyeth through brands like Prevnar and HibTITER (haemophilus b conjugate vaccine) will give it a small presence here. “The proposed Wyeth acquisition significantly advances each stated strategic priority that were laid out two years ago and includes, among others things, being a leader in vaccines, biologics and small molecules,” a Pfizer spokesperson said in an email response.
In terms of product portfolio, MSD sells Gardasil, a cervical cancer vaccine and Pneumovax 23, a pneumonia vaccine — both being adult vaccines. Gardasil is priced at Rs 2,800 per dose and for three doses, the outgo for a person is close to Rs 8,500. Pneumovax 23 is priced at Rs 1,200 per dose. “Merck plans to launch its rotavirus vaccine, Rotateq by the year end. On the anvil are the Hepatitis A and Herpes vaccines, which will be launched within the next two-three years,” Mr Navangul added.
GSK, which offers paediatric, adolescent and adult vaccines, is the most active player in this segment. “In 2008, we launched three paediatric vaccines — Infanrix, Boostrix and Rotarix — and we are now in the process of launching our vaccine for cervical cancer — Cervarix,” a GSK spokesperson said. With Indian vaccine makers controlling a large portion of the market, the challenge for MNCs now will be to combat them on the price front.

source : economictimes.indiatimes.com/News/News-By-Industry/Healthcare--Biotech/Pharma-MNCs-want-to-take-a-shot-at-Indias-vaccine-market/articleshow/4253465.cms

Gear up Home Business

New website, CindyFox9.com, shows even those with little or no business experience how to select, and then succeed, with an online business that is right for them.
The brainchild of home business expert Cindy Fox, the website showcases the best businesses on the web today, those that have been proven to make money. All the businesses on the site have undergone an intense screening process to ensure they are legitimate ventures.
“These businesses are perfect for anyone who wants to make some extra money to get through these tough economic times,” Cindy states. “With a little hard work and some drive, anyone can find financial success. The real beauty of these businesses is that you can do them from the comfort of your home.”
Many of the businesses featured on the site involve affiliate marketing, one of the fastest-growing marketing areas in the industry. These are programs that have been making ordinary people real money for years---and the success stories are growing. Anyone, even those who have no marketing experience, can have a free website going and be ready to take orders in just 24 hours.
In addition to the information about business opportunities, the site also features a large amount of educational resources to assist the entrepreneur. One such educational resource is “Dotcomology – The Science of Making Money Online,” by Home Biz Guy Stone Evans. The 325-page e-book, which is free to download from the site, offers valuable information for anyone starting their home business and looking to make money online.
Another free resource is Home Business Tips, a daily business newsletter that is packed with the latest news and tips about how to make money online. The newsletter, a $147 value, is available for free from the site and is delivered via e-mail for a year

source : www.webwire.com/ViewPressRel.asp?aId=89682

Crazy Falls



source : youtube

IIM Placements

Recession has hit recruitment at IIM-Calcutta this season with companies which had offered high pay packets last year staying away from the process this time.
Only 86 companies took part in the placement process this year compared to 107 last time. Of the 86 companies, 34 came to IIM-C for the first time. This means only 52 of the 107 companies returned to the institute.
Although IIM-C managed to place all its 265 students in the 10-day placement exercise which concluded recently, the average salary for domestic offers dropped by 23 per cent to Rs 12.7 lakh.
“We had decided to carry on with the placements till each student had a job,” said Sekhar Chaudhury, director, IIM-C.
This year, the institute allowed companies who were ready to pay more than Rs 6 lakh per annum, whereas last year the benchmark was Rs 8.25 lakh per annum. Jaypee Capital recruited 16 students, the most by a company this time, while among consultancies Frost and Sullivan topped with seven offers.
However, while otherwise high paying recruiters are keeping their purse strings tied, PSUs are making the most of the opportunity and students are also keen on stable portfolios in a tumultuous market situation. Releasing the final placement report, Prafulla Agnihotri, chairperson of Career Development and Placement, said 34 students have accepted offers from PSUs — including SIDBI, SEBI, IOCL, NTPC, Coal India, Bank of Baroda and Union Bank of India — with an average salary in the domain of Rs 7 lakh per annum. Among PSUs, Union Bank of India recruited a maximum of 14 students.

source : www.indianexpress.com/news/iimc-manages-placements-for-all-but-salarie.../433878/