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'Firms can mitigate IT skills shortage'
The shortage of information and communications technology (ICT) skills in developed countries could become a serious issue once the worldwide economic crisis starts easing. This will be exacerbated by the falling number of masters and PhD holders in science and engineering, restrictions on cross-border movement of IT professionals and the US H-1B visa programme. However, this vicious circle could be mitigated by the Indian service firms increasingly recruiting internationally, according to a new OECD report on employment trends in the ICT sector.

'Reliance not cooperating in mill takeover'
The Mukesh Ambani-led Reliance Industries (RIL) is not responding positively in connection with the contract awarded to it for revival of the closed sugar mill at Motipur in Bihar"s Muzaffapur district, according to state Industry minister Gautam Singh.

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Harley-Davidson to launch 12 motorbikes in India
Iconic US motorcycle maker Harley-Davidson today said it will bring 12 motorcycles in the Indian market priced between Rs 6.95 lakh and Rs 34.95 lakh (ex-showroom New Delhi).
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Sensex ends down 108pts

The Sensex has finally ended (provisional) at 16,674 - down 108 points. - Sensex extends losses - Markets flat in noon trades - Sensex slips after brief recovery - Markets on the verge of breaking into green - F&O OUTLOOK: Nifty may breach 4,941 support - Nifty may breach 4,941 support The Nifty ended (provisional) at 4,955 - down 32 points. _________________________________ (Updated at 1457 hrs) The Sensex is quoting at 16,680, down 101 points and the Nifty is at 4954, lower by 32 points. Among the top losers, Tata Steel is down 2.7% to Rs 499, Hindalco is lower 2.3% to Rs 126 and ICICI Bank is weak 1.8% to Rs 844. The leading gainers are Sun Pharma (up 4.9% to Rs 1,285), Reliance Industries (up 1.7% to Rs 2,140) and ITC (up 1% to Rs 234). The market breeath is, however, positive, with 1576 advancing stocks as against 1138 declining stocks.


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