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Posco seeks more time for Orissa steel SEZ
Posco India has sought more time from the Centre for implementing Rs 54,000 crore SEZ project at Jagatsinghpur in Orissa, as the South Korean steel giant could not get land due to protests by tribals.

'Legal action is the only way to protect revenues'
The 2009 KPMG-Ficci report on the Indian media and entertainment industry points out that the music industry has declined from Rs 830 crore in 2005 to Rs 730 crore in 2008. Revenue from the sale of compact discs (CDs) and cassettes that accounted for 87 per cent of the total turnover of the industry has dropped to 60 per cent. Piracy and the increasing trend of loading portable storage devices with unauthorised and unlicensed music have eroded the profitability of music companies. Against this backdrop, Bhushan Kumar, chairman and managing director of the Rs 350-crore Super Cassettes Industries, the country’s leading music company that owns the T-Series label, is gunning for platform-owners (television and radio channels, among others) who are making unauthorised use of his music. Kumar, 31, spoke to Shuchi Bansal on the challenges facing the industry and his company’s initiatives to keep its head above water. Excerpts:

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Abu Dhabi gives Dubai $10 bn to cover debt
The Dubai government said today neighbour Abu Dhabi has agreed to give $10 billion in emergency funds that will go toward paying debts owed by its Dubai World conglomerate.
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New satellite to power satphones

India will soon have its own dedicated satellite for providing satellite phone (satphone) services, instead of depending on foreign satellites. The Indian Space Research Organisation (ISRO) is launching a satellite next year which will carry a large S-band transponder to help India provide its own signals for satellite phones. - India building spacecraft for satellite phones - GSS eyes Rs 500 cr turnover in FY 2011 - Isro plans to launch Cartosat-2B in March - "We need passion for desi technology, products" - EADS eyes tie-up with ISRO on hypersonic plane technologies - Astrosat all set to be launched next year: Isro “We are in the process of building a high-beam antenna which will be deployed on board a satellite for providing satellite phone (satphone) services using S-band transponder. We can connect handheld devices when it is launched in a year or so,” former Indian space agency chairman G Madhavan Nair told reporters on the sidelines of the India Semiconductor Association’s (ISA’s) Vision Summit here on Monday. ISRO has already designed the antenna that will be mounted on the spacecraft for dedicated satphone services. Once launched, India will become a major player in use of satellite phones and this might also help bring down the cost of satellite phone services. “Presently, some foreign satellites are being used for satphone services in the country. Development work is on to synthesize the antenna. It will be deployed in one of the communication satellites with S-band transponder,” Nair added. International Maritime Satellite Organisation (INMARSAT) operates a constellation of geo-stationary satellites designed to provide phone, fax and data communications through handheld devices across the world. On being asked about the weaponisation of space programme which have been launched by countries like China, Nair said effective measures were being taken to protect the country’s space assets. China recently developed an anti-satellite (ASAT) weapon. “Though we have to ensure the security of our satellites, our declared policy is to use the space assets for peaceful purposes. I don’t thing that the government has changed its policy,” Nair added.


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