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Inflation jumps to 4.78% in November
Inflation jumped to 4.78 per cent in November, driven by rising prices of essential food items like pulses, fruits and vegetables.

NEWSALERT: Uttam Galva appoints Nominee Director
Steel manufacturer, Uttam Galva Steels today said it has appointed Swarna Prabha Sukumar as a Nominee Director in place of S R Krishnaswamy with effect from September 22.

News of the day

BHP Billiton, Rio JV could curb China's control on ore prices
India, with exports of over 100 million tonnes of iron ore, must be keenly watching as to how soon the recently sealed joint venture (JV) between BHP Billiton and Rio Tinto to combine their mining operations in the Pilbara region of Western Australia will cross the regulatory hurdles at European Union Competition Commission and also China’s competition regulator. However, sweetly the JV is now framed to placate raising of market dominance questions, iron ore buyers fear that pooling of knowledge about production volumes and demand by the pair in JV will put them at a distinct disadvantage.
International Business

ISRO earned Rs 100 cr from foreign satellite launches

ISRO earned over Rs 100 crore in the last three years by launching satellites of other countries, Minister of State in PMO Prithviraj Chavan told the Lok Sabha today. - UP to explore IT/ITeS SEZ in Lucknow - Maruti: Goldilocks moment">Maruti: Goldilocks moment - Helix Tech to invest Rs 300 cr on R&D - Nestle India posts robust growth in Jan-Sept - Dell India sales up 17% - Choosing the right technique The space agency launched 12 foreign satellites during the last three years, including six nano satellites at a cost of Rs 101.60 crore, he said. In reply to a separate query, Chavan said ISRO also plans to launch a Naval satellite in 2010-11 which would provide communication facility to various naval vessels. He said the ISRO plans to send human beings in space and undertake planetary exploration within the next decade. "The overall thrust of the space programme for the future is to sustain and strengthen space-based services in a self-reliant manner towards national development and develop space technology capabilities in the areas of advanced satellites," Chavan said. The space programme also envisages enhancing capabilities in the areas of satellite communications, navigation, earth observation and human space flight in addition to pursuing research in space science, astronomy and planetary exploration, he said. ISRO"s Geosynchronous Satellite Launch Vehicle (GSLV) is capable of putting into orbit a 500 kg payload to undertake a mission to Mars.


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