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IIM-A director in touch with other IIMs on CAT
The director of Indian Institute of Management, Ahmedabad (IIM-A) is constantly in touch with his counterparts in other IIMs to solve problems regarding the first computer-based CAT (Common Admission Test), institute officials said here today.

Coal and Oil Group to invest $300 mn to buy ships and acquire coal mine
Coal & Oil Group is planning to invest around $300 million (around Rs 1,500 crore) to buy new ships and to acquire coal mines. The company is planning to invest the money to support its customer coal requirements in India and to meet its captive requirement for the upcoming project Rs 4,300 crore power at Tuticorin.

News of the day

Telcos revenue drops in Sept qtr: Trai
The telecom industry added a massive 44.21 million new subscribers in the quarter ended September 2009, while the gross revenue of the operators has slipped marginally by 0.65 per cent during the same period, the Telecom Regulatory Authority of India (Trai) said here today.
International Business

TN seeks Rs 461 cr to put rly projects on fast track

The Tamil Nadu government has sought an additional Rs 461 crore from the railway ministry for speedy completion of projects in the state. - TN plans cinema township - World Bank official calls on Tamil Nadu CM - Govt to consider proposal on citizenship to SL Tamil refugees - Sibal urges TN to adopt Navodaya system - Ford inks $500-mn deal with TN govt - Financial city to attract banking, insurance cos In a letter to railway minister Mamata Banerjee, state chief minister M Karunanidhi said several important railway projects were put on hold for lack of funds. The gauge conversion of Mayiladuthurai Karaikudi section via Tiruvarur and Thiruthuraipoondi, and a new line between Nagapattinam and Thiruthuraipoondi via Tirukuvalai are yet to be completed. Similarly, the doubling of track between Chengalpattu and Villupuram needs Rs 77 crore more this year, he said. Lack of funds has also affected laying of a new track between Karur and Salem. Other projects like Tindivanam-Nagari, Athipattu-Puttur, Tindivanam-Tiruvannamalai, Erode-Palani and a new line between Chennai and Cuddalore via Mahabalipuram have been affected due to insufficient funds.


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