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Hindalco net slips on debt
Loans taken for acquiring Novelis caused a dip in the net profit of the Aditya Birla Group’s Hindalco Industries. The profit dipped 21.65 per cent to Rs 427 crore for the third quarter ended December 31, from Rs 545 crore in the corresponding quarter of the previous year.

Inflation rises on higher food prices: FM
Finance Minister Pranab Mukherjee attributed the 4.78 per cent spurt in inflation in November to rising prices of food articles.

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When I'm CM
West Bengal’s assembly elections may be due only in early 2011, but that’s not stopping Trinamool Congress chief Mamata Banerjee from preparing to become the state’s next chief minister. She has assigned two economists the task of preparing a blueprint for the economic revival of the state. Both economists are frequent contributors to various newspapers and are known to be votaries of free enterprise.
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IITians to participate in global conference in October

Over 3000 Indian Institute of Technology (IIT) alumni from across the world will gather near here to participate in a global conference on technology and innovation that would be attended by President Barack Obama"s Chief Technology Officer Aneesh Chopra. - Citibank launches next-gen mobile payments in India - Follow the IIT style admission policy, Maran tells NIFT - E Somanathan: How to get decent colleges in India">E Somanathan: How to get decent colleges in India - Revised pay for IIT, IIM faculty may go to Cabinet this week - ABB wins Rs 220 cr order from Tata Power - Exim Bank to float special fund for rural technologies The fifth Global PanIIT conference, hosted by the IIT Midwest team, will be held in suburban Schaumburg on October 9-11 and will focus on the theme of "Entrepreneurship and Innovation in a Global Economy". Chopra, US" first Chief Technology Officer and Associate Director for Technology in the Office of Science and Technology Policy, will discuss his plans to help build a next-generation digital infrastructure and drive innovation. Leaders from industry, academics and government sector will participate in the conference to address challenges and opportunities in key areas such as alternative energy, healthcare, digital infrastructure and climate change, organising committee chairman Ray Mehra said in a statement. Caterpillar Inc Chairman and CEO James Owens, India"s National Knowledge Commission Chairman Sam Pitroda, Indian Ambassador to the US Meera Shankar, Eric J Gleacher, Distinguished Service Professor of Finance at the University of Chicago, and Former Chief Economist of the IMF Raghuram Rajan would also attend the conference. Started in 2002, PanIIT is an umbrella organisation of the alumni of all the seven IITs.


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