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| Govt may allow private sector investment in education |
21-NOV-09 |
| The Centre plans to allow the (for-profit) private sector to set up educational institutions and tap the capital market, thus aiming to plug the funding gap in the education sector. In this regard, the Human Resource Development (HRD) ministry has asked Max India Chairman Analjit Singh to prepare a feasibility paper. |
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| Rolls-Royce scouts for second partner |
21-NOV-09 |
| Rolls-Royce is looking to add a second engineering and design services firm in India to cater to its design requirements. Under the government’s $10-billion defence programme, Rolls-Royce has a commitment to offset 50 per cent of its research and development requirements to Indian design companies. |
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| Airtel slashes roaming rates by 60% |
21-NOV-09 |
| Mobile services provider, Bharti Airtel, reduced its roaming rates by nearly 60 per cent. Customers who enroll into the Airtel Turbo plan will now be charged at 60 paise per minute for all incoming calls while on roaming. The new plan is available for both existing and new customers effective Friday. |
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| Patni may host all IT services on 'cloud' |
21-NOV-09 |
| Notwithstanding the speculation that continues over the stake sale of the Patni brothers (who hold 48.3 per cent) and General Atlantic (which holds 18 per cent), Patni Computer Systems says it hopes to become the first company in the country to host all its information technology services on the cloud (a metaphor for the internet). |
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| Belgian PM is named as EU's new president |
21-NOV-09 |
| More than eight years after the idea was first mooted, Europe has finally got a President. Leaders of the 27 members of the European Union (EU) picked Herman Van Rompuy, the Belgian prime minister, as their choice for the post, late on Thursday evening. Baroness Catherine Ashton, currently the EU’s trade commissioner, was nominated High Representative for Foreign Policy, another new charge. |
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| Bank stocks rise on merger talk |
21-NOV-09 |
| The stocks of domestic banks on Friday saw a spike of between 0.72 per cent and 13 per cent on reports that top state-run banks were warming up to the consolidation idea. |
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| Land acquisition in Gujarat less bloody |
21-NOV-09 |
| Land disputes and displacement issues in Gujarat have been far less ‘bloody’ compared to states like Orissa and West Bengal. The credit for this, to an extent, goes to the long tradition of giving land at only market prices to industrial houses, with a similar compensation to land-losers, besides lesser interferences of the government in such matters. |
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| GVK eyes controlling stake in B'lore airport |
21-NOV-09 |
| GVK Power & Infrastructure, which recently took a 12 per cent stake in Bangalore International Airport Ltd (BIAL), has said it is open to taking a controlling stake in the airport. |
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| India Inc takes swap route to beat FCCB redemption blues |
21-NOV-09 |
| Indian companies have discovered a new path to beat the redemption pressure on their Foreign Currency Convertible Bonds (FCCBs). They are swapping the old FCCBs, which had high conversion premium, with new bonds at a much lower rate. |
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| Devangshu Datta: When Obama bows right |
21-NOV-09 |
| North Indians travelling south of the Vindhyas experience disconnect in terms of body-language versus verbalisation. “Yes” in those parts is emphasised with a side-to-side shake of the head. That gesture means “no” in most other places. Foreigners visiting India are often equally foxed by namaskars. Putting palms together is common to many forms of prayer and not employed much as a peer-to-peer greeting outside India. |
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| Govt to push Bill for setting up green body in current session |
21-NOV-09 |
| The government will try to pass the National Green Tribunal Bill, 2009, in the current Parliament session. The Bill aims at establishing an autonomous tribunal, independent of the Ministry of Environment and Forests (MoEF), for environmental clearance of development projects and providing relief and compensation to people affected by natural calamities. |
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| Cell users can change telcos for Rs 19 only |
21-NOV-09 |
| Mobile users who want to change their service providers while retaining their old number under the mobile number portability (MNP) feature will have to pay a maximum of just Rs 19 for availing the service. It would be introduced from December 31 in metros and by March next year in the rest of the country. |
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Content Guide
