Bhubaneswar, Jan. 26: Curtailing his Republic Day programmes in the state, the Orissa chief minister, Mr Naveen Patnaik, on Tuesday had to fly in a special flight to New Delhi to meet South Korean president, Mr Lee Myung-Bak, to discuss about the fate of the 12-million-tonne Posco project.

New Delhi, Jan. 26: The stark reality of hitting 500 million mobile subscribers mark in India looks different considering the increasing trend of owning a dual-Sim mobile phones. This anomaly has arisen due to subscribers’ growing interest in phones with multiple SIM cards. It is estimated that the actual number of mobile subscribers may come down to 400 million.

New Delhi, Jan. 26: Three companies — Vascon Engineers, Syncom Health-care and Thangamayil Jewellery — will launch their initial public offer on Wednesday, giving inve-stors a range of options from pharma to retail to choose from.

Dubai, Jan. 26: The office space market in Dubai is becoming increasingly favourable for tenants, as it is seeing a significant demand-supply mismatch along with falling rentals and increased vacancies, a new report has said.

Mercedes-Benz India MD & CEO Wilfred G. Aulbur poses next to the “E 350 CDI Blue Efficiency” luxury car during its launch in Bengaluru on Thursday. — PTI

Last week, Mr Ratan Tata, chairman of the Tata Group, visited the famous hill shrine of Lord Venkateshwara at Tirumala near Tirupati.

He was accompanied by Mr Krishna Kumar, chairman of Tata Tea, and they participated in the pre-dawn rituals conducted at the shrine. They were at the temple for about 30 minutes. Sources say that Mr Tata regularly visits Tirupati along with Mr Krishna Kumar.

Mr Tata is just one among many big businessmen of the country who frequent temples for solace and for strength.

A curious recommendation by the B.K. Chaturvedi Commission in its report on the levy of windfall tax on oil exploration and production (E&P) companies rela-tes to their caregorisation into pre- and post-NELP bl-ocks. It assumes that all pre-NELP (New Explorat-ion Licensing Policy) blo-cks are on nomination basis and others as given on bidding basis.

The government stuck to the conventions in presenting an Interim Budget shorn of customary tax measures and announcements of new flagship schemes. This belied the industry wishlist of all round tax reductions and sector specific concessions. However, within the constraints placed by the propriety of an Interim Budget, there were a few takeaways, including clarity on the fiscal position of the government.

The Early 1980s saw a raft of huge IT service contracts that became the blue print for the business world.

Today, however, enterprises want access to a wide range of outsourcing options to reflect emerging and increasingly unique requirements. A single supplier offers convenience and straightforward governance but, in many cases, growing business complexity dema-nds ever focused and diverse expertise.

Mumbai, Sept. 21: Banks kept aside more capital against various risks during 2008-09 with their capital adequacy ratio increasing to 13.98 per cent from 13.01 per cent a year ago, as they became selective owing to the global financial crisis.