http://www.financialexpress.com The Financial Express Online Edition en-us Tue, 09 Feb 2010 08:41:29 GMT Tue, 09 Feb 2010 08:41:29 GMT http://www.expressindia.com/syndications/ The Indian Express Group editor@expressindia.com (Editor) admin@expressindia.com (Admin) http://www.financialexpress.com/news/Haldia-ports-Rs-995-crore-revival-plan-gets-a-late-push/577907/ Pointing out that six dredgers were in operation at Haldia port to increase the depth of the channel, Vasan said "apart from maintenance dredging, capital dredging is also required for improvement of depth in the Haldia channel for which the Kolkata Port Trust has undertaken a comprehensive scheme http://www.financialexpress.com/news/Haldia-ports-Rs-995-crore-revival-plan-gets-a-late-push/577907/ http://www.financialexpress.com/news/Haldia-ports-Rs-995-crore-revival-plan-gets-a-late-push/577907/ http://www.financialexpress.com/news/Pollution-Board-clamps-down-on-Bengal-no-clearances-till-Aug/577904/ The Central Pollution Control Board will not give environmental clearance to any new projects in West Bengal for eight months as the state needs to prepare a pollution mitigation strategy, following which the industries will have to create their pollution control mechanism. http://www.financialexpress.com/news/Pollution-Board-clamps-down-on-Bengal-no-clearances-till-Aug/577904/ http://www.financialexpress.com/news/Pollution-Board-clamps-down-on-Bengal-no-clearances-till-Aug/577904/ http://www.financialexpress.com/news/UBS-out-of-red-nets-1-1bn-profit/577784/ Swiss bank UBS posted its first quarterly net profit since Oswald Gruebel took the helm a year ago but clients withdrew far more money than forecast, signaling he may need more time to steady the ship. http://www.financialexpress.com/news/UBS-out-of-red-nets-1-1bn-profit/577784/ http://www.financialexpress.com/news/UBS-out-of-red-nets-1-1bn-profit/577784/ http://www.financialexpress.com/news/Ramesh-action-could-affect-PPP-research-work-in-agriculture/577771/ Environment minister Jairam Ramesh on Tuesday not only imposed an indefinite moratorium on commercial release of Bt brinjal but also expressed his strict opposition to private participation in country's biotechnological research in agriculture. http://www.financialexpress.com/news/Ramesh-action-could-affect-PPP-research-work-in-agriculture/577771/ http://www.financialexpress.com/news/Ramesh-action-could-affect-PPP-research-work-in-agriculture/577771/ http://www.financialexpress.com/news/Bhatt-echoes-Kochhar-view-rates-likely-to-remain-stable/577760/ Though the Reserve Bank of India has raised the cash reserve ratio by 75 basis points, banks are not under any pressure to raise the interest rates, hinted country's largest public sector bank, State Bank of India. http://www.financialexpress.com/news/Bhatt-echoes-Kochhar-view-rates-likely-to-remain-stable/577760/ http://www.financialexpress.com/news/Bhatt-echoes-Kochhar-view-rates-likely-to-remain-stable/577760/ http://www.financialexpress.com/news/AntiNaxal-ops-moving-slowly-but-steadily-PC/577746/ The operations against Maoists were making slow but steady progress, and areas under Naxalite domination would soon be reclaimed and civil administration established, Union home minister P Chidambaram said after a meeting with officials of four Naxal-hit states here on Tuesday. http://www.financialexpress.com/news/AntiNaxal-ops-moving-slowly-but-steadily-PC/577746/ http://www.financialexpress.com/news/AntiNaxal-ops-moving-slowly-but-steadily-PC/577746/ http://www.financialexpress.com/news/Railway-budget-201011-a-wish-list/577743/ Following the Rs 14,00,000 crore investment requirement estimated in the Vision 2020 document for the next 10 years, the railway budget needs to contain out-of-the-box measures for raising revenues on a much larger scale than hitherto. http://www.financialexpress.com/news/Railway-budget-201011-a-wish-list/577743/ http://www.financialexpress.com/news/Railway-budget-201011-a-wish-list/577743/ http://www.financialexpress.com/news/Just-disband-the-obsolete-G7/577739/ Last weekend's meeting of the finance ministers and central bankers of the G-7 group of countries in the exotic Arctic Canadian venue of Iqaluit flattered to deceive jittery investors who are on the edge due to sovereign default alarms in southern eurozone states. http://www.financialexpress.com/news/Just-disband-the-obsolete-G7/577739/ http://www.financialexpress.com/news/Just-disband-the-obsolete-G7/577739/ http://www.financialexpress.com/news/FE-Editorial-Brinjal-bt-mashed/577732/ Public sentiment is, of course, difficult to quantify one way or the other. On evidence, the minister seems to have heard the voices that were the loudest rather than the ones that were most reasonable. http://www.financialexpress.com/news/FE-Editorial-Brinjal-bt-mashed/577732/ http://www.financialexpress.com/news/FE-Editorial-Brinjal-bt-mashed/577732/ http://www.financialexpress.com/news/Govt-backs-down-over-Bt-brinjal/577870/ India's tryst with its first genetically modified food crop might have to wait a little longer as the government on Tuesday placed an indefinite moratorium on commercial release of Bt brinjal. It recommended further independent studies to ascertain the impact of the GM crop on human health. "There is no clear consensus within the scientific community itself. Eminent scientists have raised serious questions that have not been answered satisfactorily. There is also strong opposition from the state governments and civil society organisations... http://www.financialexpress.com/news/Govt-backs-down-over-Bt-brinjal/577870/ http://www.financialexpress.com/news/Govt-backs-down-over-Bt-brinjal/577870/ http://www.financialexpress.com/news/Implied-volatility-shoots-up-as-markets-bleed/577849/ With a sudden reversal of sentiments leading to a sustained downtrend in the equity market worldwide, the implied volatility of Nifty options have shot up drastically in the past couple of trading sessions. http://www.financialexpress.com/news/Implied-volatility-shoots-up-as-markets-bleed/577849/ http://www.financialexpress.com/news/Implied-volatility-shoots-up-as-markets-bleed/577849/ http://www.financialexpress.com/news/We-want-cars-with-a-different-DNA-now-and-Renault-badge-on-its-own/577825/ French car maker Renault, which is on the verge of taking a final call on its loss making joint venture with Indian partner Mahindra & Mahindra, says it is committed to the Indian market and will be introducing five new models by 2014. http://www.financialexpress.com/news/We-want-cars-with-a-different-DNA-now-and-Renault-badge-on-its-own/577825/ http://www.financialexpress.com/news/We-want-cars-with-a-different-DNA-now-and-Renault-badge-on-its-own/577825/ http://www.financialexpress.com/news/Reserve-Bank-eases-norms-for-ECBs/577800/ The Reserve Bank of India on Tuesday eased the guidelines for external commercial borrowings, allowing corporates to modify the drawdown and repayment schedules and switch currencies. http://www.financialexpress.com/news/Reserve-Bank-eases-norms-for-ECBs/577800/ http://www.financialexpress.com/news/Reserve-Bank-eases-norms-for-ECBs/577800/ http://www.financialexpress.com/news/Himachals-biotech-park-fails-to-lure-realty-majors/577797/ Big real estate developers seem to be shying away from the bidding process of Himachal Pradesh's first biotechnology park, proposed to come up at village Aduwal, near Nalagarh in Solan district. http://www.financialexpress.com/news/Himachals-biotech-park-fails-to-lure-realty-majors/577797/ http://www.financialexpress.com/news/Himachals-biotech-park-fails-to-lure-realty-majors/577797/ http://www.financialexpress.com/news/Dont-hold-your-breath/577794/ Something curious has been happening in the carbon markets. They are entirely political creations-even the most inventive financial engineers would not, on their own, have come up with the idea of a difference in value between the air people breathe in and the air they breathe out. http://www.financialexpress.com/news/Dont-hold-your-breath/577794/ http://www.financialexpress.com/news/Dont-hold-your-breath/577794/ http://www.financialexpress.com/news/BJP-Cong-endorse-Jairams-decision/577772/ Congress today said the Centre's decision to put on hold commercial cultivation of Bt Brinjal must have been taken after consulting all stakeholders and pointed out that the issue of public health is most important for any government. http://www.financialexpress.com/news/BJP-Cong-endorse-Jairams-decision/577772/ http://www.financialexpress.com/news/BJP-Cong-endorse-Jairams-decision/577772/ http://www.financialexpress.com/news/BoI-defers-plan-to-enter-debt-mkt/577761/ After State Bank of India and Bank of Baroda deferred their plans for raising money through the issuance of bond, now another state-owned lender, Bank of India has postponed its plan of raising capital through dollar bond. http://www.financialexpress.com/news/BoI-defers-plan-to-enter-debt-mkt/577761/ http://www.financialexpress.com/news/BoI-defers-plan-to-enter-debt-mkt/577761/ http://www.financialexpress.com/news/My-availability-was-not-sought-Nitish/577747/ Bihar chief minister Nitish Kumar, who skipped the Kolkata meeting said the date was fixed without ascertaining his availability. http://www.financialexpress.com/news/My-availability-was-not-sought-Nitish/577747/ http://www.financialexpress.com/news/My-availability-was-not-sought-Nitish/577747/ http://www.financialexpress.com/news/Infrastructure-investments-beat-the-trends/577744/ The slowdown in GDP growth has hardly had an impact on infrastructure investments, points out the recently released statistics on savings and investments brought out by the Central Statistical Organisation. http://www.financialexpress.com/news/Infrastructure-investments-beat-the-trends/577744/ http://www.financialexpress.com/news/Infrastructure-investments-beat-the-trends/577744/ http://www.financialexpress.com/news/A-shortterm-palliative/577740/ NREG, which has just completed four years in existence, was universally hailed as making a difference to the remnants of the ossified social structure of India's villages. http://www.financialexpress.com/news/A-shortterm-palliative/577740/ http://www.financialexpress.com/news/A-shortterm-palliative/577740/ http://www.financialexpress.com/news/Column-Learn-right-lessons-from-NTPCs-flop/577733/ The government has cut a bit of sorry figure having had to bail out the Rs 8,286-crore NTPC follow-on issue. Asking State Bank of India and Life Insurance Corporation to write out a cheque of Rs 4,000 crore, or more, which is half the issue size, is not the best way to begin the disinvestment process. http://www.financialexpress.com/news/Column-Learn-right-lessons-from-NTPCs-flop/577733/ http://www.financialexpress.com/news/Column-Learn-right-lessons-from-NTPCs-flop/577733/ http://www.financialexpress.com/news/Centre-could-triple-IT-spend/577877/ The government plans to spend a whopping Rs 10,000 crore, or 3% of its annual Plan budget, on e-governance projects in 2010-11. This would be more than three times the outlay for such projects in the current financial year. http://www.financialexpress.com/news/Centre-could-triple-IT-spend/577877/ http://www.financialexpress.com/news/Centre-could-triple-IT-spend/577877/ http://www.financialexpress.com/news/Markets-recover-Sensex-up-107-pts/577852/ A recovery in the Asian markets after the previous week's heavy sell-off improved investor sentiment back home, helping the domestic equity indices post decent gains on Tuesday. http://www.financialexpress.com/news/Markets-recover-Sensex-up-107-pts/577852/ http://www.financialexpress.com/news/Markets-recover-Sensex-up-107-pts/577852/ http://www.financialexpress.com/news/ACC-waiting-for-the-revival/577826/ Results announced by ACC were largely below analyst estimates. And though the net profit for the quarter ended December 2009 rose 29%, analysts are perturbed by the fall in realisations and Ebitda per tonne of cement produced. http://www.financialexpress.com/news/ACC-waiting-for-the-revival/577826/ http://www.financialexpress.com/news/ACC-waiting-for-the-revival/577826/ http://www.financialexpress.com/news/Finally-equity-MF-plans-see-inflows-in-Jan/577803/ Equity mutual fund schemes, which were witnessing huge redemptions in the last six months, have finally started seeing inflows in January. http://www.financialexpress.com/news/Finally-equity-MF-plans-see-inflows-in-Jan/577803/ http://www.financialexpress.com/news/Finally-equity-MF-plans-see-inflows-in-Jan/577803/ http://www.financialexpress.com/news/Clueless-in-Washington/577796/ It was never reasonable to expect that Barack Obama's budget proposal, delivered to Congress on February 1st, would do much to bring down America's vast deficit in the near term. http://www.financialexpress.com/news/Clueless-in-Washington/577796/ http://www.financialexpress.com/news/Clueless-in-Washington/577796/ http://www.financialexpress.com/news/Nissan-posts-profit-lifts-forecast/577785/ Nissan Motor Co, Japan's third-largest automaker, returned to quarterly profit on Tuesday and lifted its outlook for the second time, as brisk global sales signal the worst may be over for the auto industry. http://www.financialexpress.com/news/Nissan-posts-profit-lifts-forecast/577785/ http://www.financialexpress.com/news/Nissan-posts-profit-lifts-forecast/577785/ http://www.financialexpress.com/news/Officials-visit-has-nothing-to-do-with-brinjal-US-embassy/577773/ The US has rubbished reports that its Science and Technology Adviser Nina Fedoroff was here to push for introduction of BT Brinjal in India, saying she had nothing to do with the issue. http://www.financialexpress.com/news/Officials-visit-has-nothing-to-do-with-brinjal-US-embassy/577773/ http://www.financialexpress.com/news/Officials-visit-has-nothing-to-do-with-brinjal-US-embassy/577773/ http://www.financialexpress.com/news/Tax-reforms-selloff-plans-to-top-Budget-agenda-Morgan-Stanley/577762/ During the upcoming budget on February 26, the government may announce measures on tax reforms, infrastructure, disinvestment in PSUs with steeping up fiscal consolidation, Stephen S Roach, chairman at Morgan Stanley said on Tuesday. http://www.financialexpress.com/news/Tax-reforms-selloff-plans-to-top-Budget-agenda-Morgan-Stanley/577762/ http://www.financialexpress.com/news/Tax-reforms-selloff-plans-to-top-Budget-agenda-Morgan-Stanley/577762/ http://www.financialexpress.com/news/Letter-not-needed-for-talks-with-Ulfa-Pillai/577748/ Peace talks with the Ulfa could be held right away even without a formal letter from the proscribed insurgent outfit, Union home secretary GK Pillai said on Tuesday. http://www.financialexpress.com/news/Letter-not-needed-for-talks-with-Ulfa-Pillai/577748/ http://www.financialexpress.com/news/Letter-not-needed-for-talks-with-Ulfa-Pillai/577748/ http://www.financialexpress.com/news/A-uniform-tax-rate-is-a-priority-in-telecom/577745/ The past year has seen remarkable developments in the Indian telecommunications industry; prominent being the target of 500 million subscribers achieved a year ahead of schedule. http://www.financialexpress.com/news/A-uniform-tax-rate-is-a-priority-in-telecom/577745/ http://www.financialexpress.com/news/A-uniform-tax-rate-is-a-priority-in-telecom/577745/ http://www.financialexpress.com/news/Toyotas-selfinflicted-wound/577741/ You know Japan's world is upside down when the fabled Toyota Motor Corp is a global laughingstock. A name once synonymous with quality has fallen so far that Americans are actually rushing out to buy Detroit's clunkers. http://www.financialexpress.com/news/Toyotas-selfinflicted-wound/577741/ http://www.financialexpress.com/news/Toyotas-selfinflicted-wound/577741/ http://www.financialexpress.com/news/Column-It-passed-science-but-failed-politics/577734/ The judgement day for the pest-resistant genetically modified Bt brinjal technology finally arrived on Tuesday. The minister for environment decided that Bt brinjal must wait longer before it can reach the Indian farmer-farmers are already struggling to grow brinjal, fighting what is often a losing battle with pests using huge quantities of pesticides. http://www.financialexpress.com/news/Column-It-passed-science-but-failed-politics/577734/ http://www.financialexpress.com/news/Column-It-passed-science-but-failed-politics/577734/ http://www.financialexpress.com/news/Food-may-be-spared-freight-hike/577885/ With one eye on inflation and another on the reviving economy, railway minister Mamata Banerjee is likely to announce an increase in freight rates for commodities other than foodgrains and fruits & vegetables when she presents the railway Budget 2010-11 later this month. http://www.financialexpress.com/news/Food-may-be-spared-freight-hike/577885/ http://www.financialexpress.com/news/Food-may-be-spared-freight-hike/577885/ http://www.financialexpress.com/news/US-pharma-cos-sue-Lupin-for-patent-infringement/577855/ US-based Purdue Pharma Products LP and UK-based Napp Pharmaceutical Group have sued Lupin Ltd and its US subsidiary, Lupin Pharma Inc, claiming that their attempt to manufacture and market the generic version of the analgesic tramadol ER infringes patent coverage of the innovator. http://www.financialexpress.com/news/US-pharma-cos-sue-Lupin-for-patent-infringement/577855/ http://www.financialexpress.com/news/US-pharma-cos-sue-Lupin-for-patent-infringement/577855/ http://www.financialexpress.com/news/Auto-industry-likely-to-cross-10million-unit-mark-in-FY10-grow-at-22-6/577827/ The automobile industry is fast galloping to cross the 10 million unit mark. If average sales of the last 10 months are to be considered, then the total domestic industry will end the current financial year at 1,19,22,677 units, which will be a growth of 22.6% over 2008-09. http://www.financialexpress.com/news/Auto-industry-likely-to-cross-10million-unit-mark-in-FY10-grow-at-22-6/577827/ http://www.financialexpress.com/news/Auto-industry-likely-to-cross-10million-unit-mark-in-FY10-grow-at-22-6/577827/ http://www.financialexpress.com/news/Some-attacks-racist-admits-Australia/577807/ Ahead of Indian high commissioner Sujatha Singh's visit to New Delhi in order to brief the government on the steps taken by Australia to prevent attacks on Indians, Australian foreign minister Stephen Smith admitted that some of the attacks on Indians in his country were indeed racist in nature.. http://www.financialexpress.com/news/Some-attacks-racist-admits-Australia/577807/ http://www.financialexpress.com/news/Some-attacks-racist-admits-Australia/577807/ http://www.financialexpress.com/news/China-credit-zooms-to-201-bn-in-Jan-inflation-up/577789/ China's banks probably made more new loans in January than the previous three months combined as lenders anticipated a credit clampdown by policymakers seeking to stem rising inflation pressures. http://www.financialexpress.com/news/China-credit-zooms-to-201-bn-in-Jan-inflation-up/577789/ http://www.financialexpress.com/news/China-credit-zooms-to-201-bn-in-Jan-inflation-up/577789/ http://www.financialexpress.com/news/Purple-row-after-the-Green-Revolution/577776/ India's controversial Bt Brinjal saga has been a prickly issue confronting its agriculture when emotions ran high before the government put the brakes on Tuesday. http://www.financialexpress.com/news/Purple-row-after-the-Green-Revolution/577776/ http://www.financialexpress.com/news/Purple-row-after-the-Green-Revolution/577776/ http://www.financialexpress.com/news/Peerless-Funds-to-float-4-products-in-six-months/577763/ Peerless Funds Management Company Ltd, a wholly-owned subsidiary of Kolkata-based Peerless General Finance & Investment Company, has lined up four products in the first six months of its operation. http://www.financialexpress.com/news/Peerless-Funds-to-float-4-products-in-six-months/577763/ http://www.financialexpress.com/news/Peerless-Funds-to-float-4-products-in-six-months/577763/ http://www.financialexpress.com/news/ONGC-threatens-to-withdraw-from-7-blocks-on-tax-concerns/577754/ State-owned energy giant Oil and Natural Gas Corporation has threatened to withdraw from over seven exploration blocks it had licences for, if the Centre does not reimburse the taxes the company is paying on behalf of its joint venture partners for these blocks. http://www.financialexpress.com/news/ONGC-threatens-to-withdraw-from-7-blocks-on-tax-concerns/577754/ http://www.financialexpress.com/news/ONGC-threatens-to-withdraw-from-7-blocks-on-tax-concerns/577754/ http://www.financialexpress.com/news/Sena-vandalises-9-Mumbai-theatres/577749/ Stepping up protests against the screening of Shah Rukh Khan-starrer My Name Is Khan, Shiv Sena activists today vandalised nine theatres in the eastern suburbs of Mumbai. http://www.financialexpress.com/news/Sena-vandalises-9-Mumbai-theatres/577749/ http://www.financialexpress.com/news/Sena-vandalises-9-Mumbai-theatres/577749/ http://www.financialexpress.com/news/Eavesdropper/577742/ At a recent meeting of the railways with industry, a senior official from Planning Commission apparently offered the expertise of the Commission on public-private partnership to the ministry. http://www.financialexpress.com/news/Eavesdropper/577742/ http://www.financialexpress.com/news/Eavesdropper/577742/ http://www.financialexpress.com/news/Column-Moving-IT-up-the-value-chain/577735/ While the Indian IT-BPO industry has achieved the milestone of $50 billion in exports by 2009, the next milestone, to touch $175 billion by 2020, will be more challenging. http://www.financialexpress.com/news/Column-Moving-IT-up-the-value-chain/577735/ http://www.financialexpress.com/news/Column-Moving-IT-up-the-value-chain/577735/ http://www.financialexpress.com/news/What-happens-to-the-excise-sops/577891/ The Congress-led government has initiated several positive steps to simplify the tax regime and remove complexities from tax laws, making them simple to understand and administer. http://www.financialexpress.com/news/What-happens-to-the-excise-sops/577891/ http://www.financialexpress.com/news/What-happens-to-the-excise-sops/577891/ http://www.financialexpress.com/news/SingTel-net-at-696-m/577860/ Singapore Telecommunications is eyeing acquisitions in Asia and the fast-growing markets of Africa and the West Asia to boost growth after it reported quarterly earnings in line with estimates. http://www.financialexpress.com/news/SingTel-net-at-696-m/577860/ http://www.financialexpress.com/news/SingTel-net-at-696-m/577860/ http://www.financialexpress.com/news/Rel-MediaWorks-to-move-Sebi-RBI-on-InoxFame-deal/577830/ Terming it as a 'complex' and 'serious' matter, Reliance MediaWorks, the multiplex-arm of Reliance ADA Group will approach Sebi, company affairs ministry and the Reserve Bank of India on the INOX-Fame deal that was announced last week. http://www.financialexpress.com/news/Rel-MediaWorks-to-move-Sebi-RBI-on-InoxFame-deal/577830/ http://www.financialexpress.com/news/Rel-MediaWorks-to-move-Sebi-RBI-on-InoxFame-deal/577830/ http://www.financialexpress.com/news/SC-dismisses-Bharti-Telenets-plea-on-licence-fee-concession/577810/ The Supreme Court on Tuesday dismissed Bharti Telenet's plea seeking extension of the licence fee concession period given to it for operating basic telephony services in Madhya Pradesh. A bench, headed RV Raveendran dismissed Bharti's petition saying it lacked merit. http://www.financialexpress.com/news/SC-dismisses-Bharti-Telenets-plea-on-licence-fee-concession/577810/ http://www.financialexpress.com/news/SC-dismisses-Bharti-Telenets-plea-on-licence-fee-concession/577810/ http://www.financialexpress.com/news/Coca-Cola-net-up-on-sales-in-India-China/577791/ Coca-Cola Co, the world's largest soft-drink maker, said fourth-quarter profit gained 55% as volume sales grew in markets including China and India. The shares rose in early US trading. http://www.financialexpress.com/news/Coca-Cola-net-up-on-sales-in-India-China/577791/ http://www.financialexpress.com/news/Coca-Cola-net-up-on-sales-in-India-China/577791/ http://www.financialexpress.com/news/Seeds-of-controversy/577779/ Environment minister Jairam Ramesh decided on Tuesday against allowing farmers to grow the first genetically modified vegetable in the country. http://www.financialexpress.com/news/Seeds-of-controversy/577779/ http://www.financialexpress.com/news/Seeds-of-controversy/577779/ http://www.financialexpress.com/news/LampT-Finance-pins-hope-on-microfin-business/577764/ L&T Finance is going bullish on micro-finance venture with the company planning to develop micro-finance business in Gujarat by April this year. The financial services arm of the engineering major, Larsen & Toubro Ltd, expects robust growth from the new venture. http://www.financialexpress.com/news/LampT-Finance-pins-hope-on-microfin-business/577764/ http://www.financialexpress.com/news/LampT-Finance-pins-hope-on-microfin-business/577764/ http://www.financialexpress.com/news/Cant-wait-indefinitely-for-India-on-gas-pipeline-Iran/577755/ Iran on Tuesday said it could not wait "indefinitely" for India to decide on the Iran-Pakistan-India (IPI) gas pipeline project while negotiations with Pakistan had gone ahead to the "stages of implementation." http://www.financialexpress.com/news/Cant-wait-indefinitely-for-India-on-gas-pipeline-Iran/577755/ http://www.financialexpress.com/news/Cant-wait-indefinitely-for-India-on-gas-pipeline-Iran/577755/ http://www.financialexpress.com/news/Telangana-panels-terms-of-reference-before-PM-Sonia/577751/ Working on a specific brief to balance both pro and anti-statehood lobbies in Andhra Pradesh, the Union home ministry has finalised a carefully drafted terms of reference on Telangana. http://www.financialexpress.com/news/Telangana-panels-terms-of-reference-before-PM-Sonia/577751/ http://www.financialexpress.com/news/Telangana-panels-terms-of-reference-before-PM-Sonia/577751/ http://www.financialexpress.com/news/FE-Editorial-Trust-in-the-printed-word/577736/ The print media, it would seem, has a great future in India. As reported by FE on Tuesday, the country's first-ever youth readership survey undertaken under the aegis of the National Book Trust-National Council of Applied Economic Research... http://www.financialexpress.com/news/FE-Editorial-Trust-in-the-printed-word/577736/ http://www.financialexpress.com/news/FE-Editorial-Trust-in-the-printed-word/577736/ http://www.financialexpress.com/news/Samsung-eyes-3billion-India-sales-in-2010-overtake-LG/577833/ Korean consumer durables major Samsung India Electronics is aiming to become the number one player in the consumer electronic industry in India overtaking the industry leader LG Electronics from the top slot as it aims over $3 billion revenue in 2010. http://www.financialexpress.com/news/Samsung-eyes-3billion-India-sales-in-2010-overtake-LG/577833/ http://www.financialexpress.com/news/Samsung-eyes-3billion-India-sales-in-2010-overtake-LG/577833/ http://www.financialexpress.com/news/Jan-exports-grow-8-govt-hints-at-partial-stimulus-withdrawal/577812/ India's exports are estimated to have grown by about 8% to $14 billion in January, retaining the positive trend for the third month in a row after contraction for 13 months. "In January, I expect exports to be $14 billion," commerce secretary Rahul Khullar said. http://www.financialexpress.com/news/Jan-exports-grow-8-govt-hints-at-partial-stimulus-withdrawal/577812/ http://www.financialexpress.com/news/Jan-exports-grow-8-govt-hints-at-partial-stimulus-withdrawal/577812/ http://www.financialexpress.com/news/Toyota-will-recall-4-37k-cars-globally/577792/ Toyota Motor Corp will recall 437,000 hybrid cars globally to fix faulty braking systems on four models, including the Prius, adding to almost 8 million vehicles the company is repairing for separate defects. http://www.financialexpress.com/news/Toyota-will-recall-4-37k-cars-globally/577792/ http://www.financialexpress.com/news/Toyota-will-recall-4-37k-cars-globally/577792/ http://www.financialexpress.com/news/Increased-planting-likely-to-boost-wheat-output-this-year/577781/ Wheat crop in India, the world's second-biggest grower, may exceed last year's record on increased plantings, said agriculture secretary T Nanda Kumar. http://www.financialexpress.com/news/Increased-planting-likely-to-boost-wheat-output-this-year/577781/ http://www.financialexpress.com/news/Increased-planting-likely-to-boost-wheat-output-this-year/577781/ http://www.financialexpress.com/news/PSBs-look-to-infuse-fresh-blood-to-tide-over-retirement-woes/577766/ The public sector banks have swung into action to deal with an unprecedented situation on human resource front with a number of senior positions falling vacant in the next couple of years. http://www.financialexpress.com/news/PSBs-look-to-infuse-fresh-blood-to-tide-over-retirement-woes/577766/ http://www.financialexpress.com/news/PSBs-look-to-infuse-fresh-blood-to-tide-over-retirement-woes/577766/ http://www.financialexpress.com/news/Recovery-on-track-but-US-joblessness-worries-ITBPO-sector/577756/ After witnessing a gloomy year of budget cuts and pricing pressures, the Indian IT-BPO industry looks out of the woods and is on the path of recovery in key markets like the US. http://www.financialexpress.com/news/Recovery-on-track-but-US-joblessness-worries-ITBPO-sector/577756/ http://www.financialexpress.com/news/Recovery-on-track-but-US-joblessness-worries-ITBPO-sector/577756/ http://www.financialexpress.com/news/Letters-To-The-Editor/577737/ Dayanidhi Maran took over the textile ministry when the sector was facing a crisis. But with 'Maran's new mantra' luring global textile companies with 'sell from India' policy he is making a turnaround and wants to make India the pivot of Asian, African and East European sales. http://www.financialexpress.com/news/Letters-To-The-Editor/577737/ http://www.financialexpress.com/news/Letters-To-The-Editor/577737/ http://www.financialexpress.com/news/IPL-bats-for-foreign-pitches-to-net-revenue-popularity/577837/ With an eye to generate maximum revenues, cashing in on the popularity of IPL Twenty20 tournament, and to extend their franchise brands, several teams of the Indian Premier League are eying overseas venues including England, South Africa, Australia and Dubai to organise T20 tournaments. http://www.financialexpress.com/news/IPL-bats-for-foreign-pitches-to-net-revenue-popularity/577837/ http://www.financialexpress.com/news/IPL-bats-for-foreign-pitches-to-net-revenue-popularity/577837/ http://www.financialexpress.com/news/Fresh-jolt-to-Bayer-in-Nexavar-drug-case/577814/ In another jolt to the German pharma major Bayer Corporation, the Division Bench of the Delhi High Court on Tuesday dismissed its petition seeking to restrain Drug Controller General of India from giving approval... http://www.financialexpress.com/news/Fresh-jolt-to-Bayer-in-Nexavar-drug-case/577814/ http://www.financialexpress.com/news/Fresh-jolt-to-Bayer-in-Nexavar-drug-case/577814/ http://www.financialexpress.com/news/In-Brief/577782/ State-run Food Corporation of India will export 50,000 tonne of wheat to Nepal, the government said in a statement on Tuesday. India, the world's second-biggest producer of wheat, banned exports of the grain in early 2007. http://www.financialexpress.com/news/In-Brief/577782/ http://www.financialexpress.com/news/In-Brief/577782/ http://www.financialexpress.com/news/Yields-rise-to-3wk-high/577768/ Bond yields rose to their highest in more than three weeks on Tuesday on expectations industrial output data this week would add to the case for an increase in official interest rates. http://www.financialexpress.com/news/Yields-rise-to-3wk-high/577768/ http://www.financialexpress.com/news/Yields-rise-to-3wk-high/577768/ http://www.financialexpress.com/news/Wipro-BPO-arm-to-outsource-20-jobs-over-5-years/577757/ Wipro Ltd's business process outsourcing arm is planning to shift 20% of its workforce overseas in the next five years. It currently employs 24,000 people, out of which 2,500 are placed in the company's 15 overseas delivery centres. http://www.financialexpress.com/news/Wipro-BPO-arm-to-outsource-20-jobs-over-5-years/577757/ http://www.financialexpress.com/news/Wipro-BPO-arm-to-outsource-20-jobs-over-5-years/577757/ http://www.financialexpress.com/news/Report-Card/577738/ While NREGS is by and large accessed by the poor, it is more likely that the poor who have a left political inclination are more likely to access the programme, while it is less likely to be accessed by the poor with left political alienation. http://www.financialexpress.com/news/Report-Card/577738/ http://www.financialexpress.com/news/Report-Card/577738/ http://www.financialexpress.com/news/Corporate-Notes/577841/ With a view to delist Goodyear India Ltd from the BSE, Goodyear Tire & Rubber Company on Tuesday announced its intention to commence either directly, or through one or more of its wholly owned subsidiaries, a cash tender offer to acquire shares of GIL. http://www.financialexpress.com/news/Corporate-Notes/577841/ http://www.financialexpress.com/news/Corporate-Notes/577841/ http://www.financialexpress.com/news/Scindia-pitches-for-cheaper-dollar-credit/577816/ The commerce ministry will persuade the finance ministry to make arrangements for dollar credit at 1% above Libor for exports, which has become vulnerable to the global economic meltdown, said minister of state for commerce and industry Jyotiraditya Scindia. http://www.financialexpress.com/news/Scindia-pitches-for-cheaper-dollar-credit/577816/ http://www.financialexpress.com/news/Scindia-pitches-for-cheaper-dollar-credit/577816/ http://www.financialexpress.com/news/Banking-Notes/577769/ Central bank governors of leading European countries, including Spain and France, will be participating in the two-day conference on financial crisis being hosted by RBI from February 12. http://www.financialexpress.com/news/Banking-Notes/577769/ http://www.financialexpress.com/news/Banking-Notes/577769/ http://www.financialexpress.com/news/IT-cos-upbeat-as-clients-look-to-spend-more-next-fiscal/577758/ As the world emerges from the economic crisis, which led to drastic cuts in IT budgets, companies are looking at spending more in the next financial year as they seek cost and operational efficiencies. http://www.financialexpress.com/news/IT-cos-upbeat-as-clients-look-to-spend-more-next-fiscal/577758/ http://www.financialexpress.com/news/IT-cos-upbeat-as-clients-look-to-spend-more-next-fiscal/577758/ http://www.financialexpress.com/news/Amnesty-alleges-human-rights-violation-by-Vedanta-firm-denies/577822/ Human rights watchdog Amnesty International on Tuesday alleged that the government and Vedanta had failed to protect Orissa's indigenous communities from health hazards of mining, but the mining major hit back saying the claims were based on "outdated document". http://www.financialexpress.com/news/Amnesty-alleges-human-rights-violation-by-Vedanta-firm-denies/577822/ http://www.financialexpress.com/news/Amnesty-alleges-human-rights-violation-by-Vedanta-firm-denies/577822/ http://www.financialexpress.com/news/Overall-outlook-is-positive-for-next-fiscal/577759/ Just when the cheer was returning for the Indian IT industry, with most players reporting stellar numbers for the quarter ended December 31, 2009, US President Barack Obama's anti-outsourcing statement spoiled the party to an extent. http://www.financialexpress.com/news/Overall-outlook-is-positive-for-next-fiscal/577759/ http://www.financialexpress.com/news/Overall-outlook-is-positive-for-next-fiscal/577759/ http://www.financialexpress.com/grfx/fe88x31.gif http://www.financialexpress.com