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Mahindra Satyam in talks with World Bank to revoke ban
Mahindra Satyam today said it is seeking an end to the eight-year old ban imposed by the World Bank on Satyam Computer which has since then assumed its new identity -- Mahindra Satyam.

'Data on I-T arrears must be analysed, retrievable by segment'
Income-tax arrears against assessees — of Rs 2,01,276 crore as on March 31, 2009 — have once again become an issue, as Parliament’s standing committee on finance has asked the Department of Revenue and the Central Board of Direct Taxes (CBDT) to put in place a Management Information System (MIS) within three months for collating and retrieving data concerning appeals, pendency disposal and recovery.

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Vendors to share BSNL's 3G ad spend
Communications Minister A Raja is pushing an innovative plan under which vendors which supply equipment for 3G mobile services to state-owned Bharat Sanchar Nigam Ltd (BSNL) will share the bill for advertising and marketing the services in the first six months of the launch.
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Follow the IIT style admission policy, Maran tells NIFT

Flooded with requests from candidates qualifying the NIFT entrance examination for change in the centres, the Textile Ministry has asked the prestigious apparel design and production training centre to change its admission policy. - F&O Outlook: Nifty may break 4,250 support next week - TextileMin to infuse Rs 1,600 cr into Cotton Corp - F&O Outlook: Nifty likely to remain range-bound today - Nifty likely to remain range-bound today - Sensex snaps 3-day losing streak - Use close to money spreads "We have asked them (NIFT), if we can change the admission policy. We get a lot of requests.. Person in Chennai has to go to North-East. I would like it to do like IITs. The students should have options based on their marks," Textile Minister Dayanidhi Maran told PTI. At present, even the top scorer in the NIFT entrance examination is not given the choice of a centre. One of the 12 centres is allocated to him in a take-it-leave-it manner. In the existing system, "There is no choice even if you are on top. If you want Mumbai, they will give you Delhi," Maran said. On the expansion plans for NIFT, Maran has written to all the Chief Ministers to send their requests for new centres, which would be opened on "first-come-first-serve" basis. NIFT has 100-150 students in each of the 12 centres in New Delhi, Bangalore, Chennai, Gandhinagar, Hyderabad, Kolkata, Mumbai, Rae Bareli, Bhopal, Kannur (Kerala), Patna and Shillong. Maran, however, vouched for the transparency in the admission process. "They have an independent board managing it. So far, there has been no controversy regarding admission", he said. Though the minister has sought requests from all the states to open new NIFT centres, he would like the training college to be located near the textile hubs. Under the proposal, a state has to provide land for building along with Rs 58 crore, if it wants a NIFT centre. The $63-billion textile industry employs 35 million people. It suffers from the skill shortages in the areas of designing and production. Opening of new training colleges would not lead to a glut in the job market in the industry, Maran said.


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