by rakesh | Sep 7, 2006 | Business
The theme of this year’s Analyst Day is “The Next Orbit”. Mr. B. Ramalinga Raju, founder and chairman, Satyam will deliver the theme address; presentations by senior Satyam business leaders will follow. The proceedings will conclude with an open house Q & A session.
The Satyam Analyst Day presents an opportunity for analysts to better understand the company’s operations, and provides a forum in which the investment community may interact with leaders of different business units at Satyam.
The Mumbai event will be broadcast live via the Web. The live web cast may be found on the Satyam corporate site, www.satyam.com.
by rakesh | Sep 7, 2006 | Business
The government is giving high priority to engineering which represent an important segment of India’s manufacturing sector (comprising capital goods, iron and steel items, non-ferrous metals and products, consumer durables etc),he said , adding that 19 product and 34 sub-product categories had been identified as thrust products for identified for thrust countries and markets.
The members who participated in the discussions were S/Shri Sambasiva Rao, S.Sathyanarayana, Basangouda Patil, Ram Singh Kaswan, Sudhangshu Seal, Mohammed A. Shahid, J.M.Aaron Rashid, Rajeev Shukla, N.R.Govindarajan, Shantaram Naik, M.Rajasekhara Murthy, and Sharad Joshi. The meeting was also attended by Dr. Ahwani Kumar, Minister of State for Commerce and Industry; Shri S.N. Menon, Commerce Secretary,; Dr. Ajay Dua, Secretary (Industrial Policy and Promotion) and other senior officials.
Stating that India’s merchandise exports had crossed the US $ 100 billion mark to reach US $ 103 billion in 2005-06, recording a growth of 23 % , Shri Kamal Nath indicated that the target of US $ 126 billion set for the current financial year 2006-07 was likely to be exceeded going by the 40 % growth momentum seen the first quarter of this fiscal.
Shri Rakesh Shah, Chairman/EEPC pointed out that Indian Engineering exporters faced a disability factor of 16 to 18 % in comparison with just 6 to 8 % faced by their competitors in South East Asia and urged the minister to take up the taxation issues such as service tax, state levies etc which amounted to “exporting taxes” and eroded the competitiveness of Indian exports.
Shri Rajiv Kher, Joint Secretary, Ministry of Commerce, in a power point presentation on “The Scenario of Engineering Exports – Challenges, Opportunities and the Road Ahead” brought out the following points about EPOs : 1) EPO services are India’s next billion dollar opportunity; 2) EPOs are no more just a part of R and D services;3) EPOs have grown by CAGR of 37 % between 2003 and 2006; 4) EPO potential could be US $ 10 to 20 billion in the next 5 years from the present level of US $ 3.5 billion; and 5 ) EEPC is conducting a study on a Strategy Paper for the promotion of EPO services from India.
by rakesh | Sep 7, 2006 | Business
Infomedia’s publishing activities are focused at two broad categories – Special Interest Consumer Publishing, Business-to-business (B2B) and Trade publishing. Presently, it publishes 19 titles, out of which 7 are Consumer magazines and 12 are Trade magazines. Chip, Overdrive, A V Max are just some of their flagship brands amongst others.
With a huge database of jobs which can be diced across demographics, geographies, industry verticals, functional areas, service levels etc naukri.com will power a Jobs Section for 17 magazines of the Infomedia Group.
The 17 magazines are Chip, Overdrive, AV Max Auto Monitor, Chemical World, Electrical & Electronics, Modern Machine, Modern Medicare, Modern Packaging & Design, Modern Pharmaceuticals, Modern Plastics & Polymers, Modern Textiles, Search, Better Interiors, Cricinfo Magazine, Overdrive Professional & Modern Plastics.
“Our tie-up with the Infomedia Group is a strategic partnership where both the brands will derive maximum benefit. With this strategic alliance we are looking to combine the strengths of both the groups thereby leveraging our core business skills. Having jobs across sectors we can definitely add value to niche titles and expect it to be profitable for both the businesses”, added Ms. Sumeet Singh, National Head-Alliances & Corporate Communications, Naukri.com.
“Our magazine brands primarily cater to professionals or readers with great passion for specific niche subjects. These are the ones who are progressive specialists and in demand by corporates. This kind of tie up will not only add value to our career sections and enlarge the canvas of job opportunities for our readers but will also enhance our circulation” said Mr Krishna Tewari, General Manger (Publishing) for Infomedia India.
by rakesh | Sep 6, 2006 | Business
Shri Chouhan has also informed at Hatod that the interests of farmers will be considered at every level during Kisan Panchayat held to discuss directly with the farmers in connection with the schemes to be prepared keeping in mind the interests of farmers. Many important decisions have taken on the occasion. The subsidy of Rs. fifty thousand will be provided to farmers as regard construction of ponds in their lands. The strict action will be taken against manufacturers and traders of poor quality fertilisers, seeds and medicines.
Also a detailed study will be done regarding problems of Hatod and serious steps will be taken to solve them. He announced the construction of a concrete main road in Hatod and as well as construction of new building of the school. He described Late Shri Nirbhay Singh Patel as a great organiser, hardworker, honest and a true personality and also mentioned that Late Shri Nirbhay Singh Patel has created a history by his social service activities. Shri Chouhan laid the foundation stone for the construction of road from Hatod to Gudarkhedi and distributed the tricycles to disables under Nirbhaya Singh Patel Smiriti Manch.
The PWD Minister Shri Kailash Vijayvargiya said that development has taken a great pace under the leadership of Shri Chouhan and due to his efforts state has been awarded the fastest developing state award. Member of legislative assembly Shri Manoj Patel has made the welcome speech.
Dr. Uma Shashi Sharma Mayor Indore, Chairman City Panchayat Hatod ShriYogesh Parmar etc. also expressed their views on the occasion. Shri Gopal Singh Chowdhary concluded the programme. Shri Madhu Verma Chairman Indore development Authority and Shri Gopi Nema were also present on the occasion.
by rakesh | Sep 6, 2006 | Business
Tata Motors has discussed the need for urgent action with insurance companies and the All India Surveyors Association for speedy survey and repair approvals. The guidelines for repairs and the survey, including the charges allowed, have already been circulated to all company dealers and authorised service centres.
Arrangements have been made for expeditious supply of spares. The company has received support from vendors and suppliers of lubricants, anti-rust treatment, car cleaning and refurbishing, branded accessories etc for special attention to cater to large volumes and special discounts of upto 25% on most of the treatments. Dealers have also been advised to offer 25% discount on repairs, not covered by insurance companies.
Additional manpower and dedicated teams have been deployed to attend to flood-affected vehicles on all seven days of a week for the next few months.
Of the about 1000 Tata Motors vehicles affected by the floods, approximately 700 have already been brought to the company’s dealers and authorised service centres, since August 17. Of these, about 150 vehicles have already been delivered back to customers after necessary repairs.
by rakesh | Sep 6, 2006 | Business
Elizabeth Barroso, now 24, began experiencing chest pains and difficulty breathing after using Ortho Evra(R) for only three weeks in 2004. She spent eight days in the hospital, where doctors treated her for blood clots in her lungs. Ms. Barroso had no prior history of such problems.
After being released, Ms. Barroso was prescribed blood-thinning medication for 10 months. She became pregnant in October 2004, but later suffered a miscarriage. When she later became pregnant in 2005, Ms. Barroso was forced to endure daily self-injections of blood thinners to prevent another miscarriage. Due to her injuries from Ortho Evra(R), all of Ms. Barroso’s future pregnancies will carry a risk of miscarriage and will require similar treatment.
“This young lady’s life was put in jeopardy by a company that made a harmful product,” says John David Hart of the Law Offices of John David Hart in Fort Worth, Texas. “And the tragic thing is the company continues to market and sell this product even today.”
The case is the latest of many against Johnson & Johnson, which earlier this year settled other cases involving Ortho Evra(R) and the development of blood clots.
The complaint filed in U.S. District Court in the Eastern District of Texas, Marshall Division, says the package insert that came with Ortho Evra(R) was misleading and in direct conflict with Johnson & Johnson’s own data. The insert suggests the risk of blood clots among Ortho Evra(R) users is equivalent to that of women using oral contraceptives.
However, from April 2002 to December 2004, the company logged 27,974 adverse events among Ortho Evra(R) users. During that same time period, Johnson & Johnson noted only 5,571 adverse events for one of its oral contraceptives, even though it was used three times more than Ortho Evra(R).
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