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CAT blame game: IIMs and NIIT new targets
Even as day three of the computer-based Common Admission Test (CAT) continued to add to the anxiety of the student community, academicians have shifted the blame game from Prometric to the Indian Institutes of Management (IIMs) and NIIT, accusing them of adopting a highly casual attitude. Prometric bagged the contract from IIMs to conduct computer-based CAT this year in partnership with NIIT. “The IIMs could have done more than just outsourcing the exams to Prometric. By blaming Promertic, IIMs can’t acquit themselves. If one-sixth of the 304 test labs fail, it’s an absolute joke of an examination. A little control on part of the IIMs could have helped,” said a professor from a B-school which accepts CAT scores for admissions.

Eicher Motors Q3 net dips 4.12%
Commercial vehicle maker Eicher Motors reported 4.12 per cent fall in net profit to Rs 15.83 crore for the third quarter ended March 31, 2009, compared with Rs 16.51 crore in the year-ago period.

News of the day

A V Rajwade: SDR as reserve currency?
A V Rajwade / New Delhi November 2, 2009, 0:32 IST
Corporate

FIIs net sellers of Rs 495 cr in cash mkt today

Foreign institutional investors (FIIs) were net sellers of Rs 494.66 crore (provisional) today, according to data released by BSE. - FIIs net bought Rs 490cr in F&O on Friday - Volatility up, prices down - Sensex falls, then rebounds on policy - DIIs net buyers of Rs 1,011 cr in cash mkt today - FIIs net bought Rs 2067 crore in F&O on Thursday - FII-TO-FII TRADES: PNB traded at 5% premium While FIIs made gross purchases of Rs 2,035.96 crore, gross sales totalled Rs 2,530.62 crore. Domestic institutional investors (DIIs) were net buyers of Rs 199.83 crore today. While DIIs made gross purchases of Rs 1,130.61 crore, gross sales totalled Rs 930.78 crore. FIIs were net buyers of Rs 197.50 crore on Friday, January 29, according to data released by Sebi today. While FIIs made gross purchases of Rs 3,940 crore, gross sales totalled Rs 3,742.60 crore. Mutual funds (MFs) were net buyers of Rs 636.20 crore on Friday. MFs made purchases of Rs 1,329.60 crore and sales of Rs 693.40 crore.


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