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Popular Articles

Hexaware Q3 net profit at Rs 41cr
Hexaware’s net profit for the third quarter ended September 30, 2009 jumped over threefold to Rs 41.3 crore from Rs 11.5 crore in the corresponding quarter last year.

Voice of India
During a recent visit to Taipei, an advertising professional, on seeing Times of India’s ‘A day in the life of India’ commercial, posed a curious question to me, “how can a commercial be borne out of such a serious issue that affects your society?” In response I explained how the parody on redtapism, far from trivialising the issue of corruption or brushing it under the carpet, resonated strongly with the voice of India. This voice accepted India with all its shortcomings and subsequently dealt with them in an open, transparent manner.

News of the day

'Unrealistic valuations hampering PE deals'
Many entrepreneurs wanting to sell a stake have unrealistic valuations of their companies. This is a major block for private equity (PE) players to close a deal. Also, many do not have a second plan if talks fall apart, according to speakers at the Private Equity Conference at the Indian School of Business.
International Business

Finance panel clears seven IIMs, 10 NITs

The process of setting up of seven IIMs, 374 degree colleges and 10 NITs has been set in motion with the Expenditure Finance Committee (EFC) approving the proposals in this regard. - Education system in madrassas to be restructured: Sibal - Biocon launches innovation cell at ISB, Hyderabad - Sibal to evolve consensus for quota in pvt edu institutes - 24x7 Learning Pvt Ltd launches online learning store - "Govt will work to eradicate female illiteracy in next 5 yrs" - China joins India, raises concern over attacks on students The proposals approved by the EFC yesterday will now be sent to the Cabinet for approval, sources in HRD Ministry said. The government has decided to set up seven IIMs in the states of Tamil Nadu, Jammu and Kashmir, Jharkhand, Chhattishgarh, Uttarakhand, Rajasthan and Haryana. The existing IIMs have already agreed to provide "all types of support" for setting up of new elite B-Schools in the country. Similarly, the government would set up 374 degree colleges in educationally backward districts in the country. About 90 colleges would be set up in minority concentrated districts. Each college will cost Rs eight crore for establishment. The UGC has already invited proposals from different states for setting up of the colleges. As per the proposal, the Centre will provide one time grant of Rs 2.7 crore for the establishment of a college. The state government will bear the rest of the cost. Similarly, the government would set up 10 NITs for the expansion of technical education.


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