BBC News Mkts end higher amid choppy trade; metal
Moneycontrol.com - 1 hour ago
The markets closed the session on a positive note amid volatility since morning and have not reacted much to the weak inflation numbers, which stood at 7.83% versus 7.61%, that was way above market expectations of 7.59%.
Markets end firm after choppy session Livemint
Buy Cairn India TopNews
Economic Times - Hindu Business Line - Hindu - India Infoline.com
all 238 news articles »
Thaindian.com Inflation figures worrisome, matter of concern: Chidambaram
Sify - 1 hour ago
New Delhi: With India's wholesale inflation, the weekly measure of price trends, rising to 7.83 per cent for the week ended May 3, the government may take more steps to control prices.
Annual inflation heads towards 8 pct Reuters India
Inflation veers out of control; touches 7.83 pc Hindu
Press Trust of India - Financial Express - Hindu
all 25 news articles »
Sensex spurts 106 pts as blue chips move up
Sify - 2 hours ago
After remaining highly choppy for around four hours, the Sensex has rallied sharply in late afternoon trade thanks to some strong buying in Ranbaxy Laboratories (3.65%), HDFC Bank (2.25%), Hindustan Unilever (2.05%), DLF (1.15%), ICICI Bank (1%), ...
Mkts end higher amid choppy trade; metal Moneycontrol.com
Sensex has a choppy ride; Ranbaxy rallies Sify
Sify - Sify - Sify - Sify
all 117 news articles »
India Infoline.com Govt approves Navi Mumbai airport: report
India Infoline.com - 4 hours ago
In the new airport project, the first right of refusal has been granted to the Mumbai International Airport (MIAPL) which is developing the existing airport.
Navi Mumbai airport to take off in 2012 Daily News & Analysis
Approval for Navi Mumbai airport Business Standard
Times of India - Economic Times - Financial Express
all 8 news articles »
Gold sales dip by 11 pc during Akshaya Tritiya
Hindu - 1 hour ago
New Delhi (PTI): Gold lost some of its sheen during this year's auspicious Akshaya Tritiya festival as sales dropped by 11 per cent due to higher price of the precious metal, a study by World Gold Council says.
India gold sales weak over festival as prices bite Reuters India
Indian gold demand down by 11 pct during Akshaya Trithiya - WGC Forbes
Hemscott
all 9 news articles »
domain-B RCom gets $750mn from China Dev Bank
Business Standard - 5 hours ago
Reliance Communications (RCom) has received a $750 million (Rs 3000 crore) loan from China Development Bank that would be invested in building a nation-wide GSM footprint for the telephony major.
RCOM raises Rs30bn loan from Chinese bank: report India Infoline.com
Reliance Communications obtains $750 million from China ... domain-B
Sify - Economic Times - Economic Times
all 10 news articles »
Zee News Tech Mahindra wins US$700mn contract from BT: report
India Infoline.com - 5 hours ago
This is one of the largest contracts bagged by Tech Mahindra. Earlier, Tech Mahindra had won US$350mn contract and US$1bn IT outsourcing deal from BT Tech Mahindra has reportedly bagged an order worth US$700mn from British Telecom (BT) for transforming ...
Tech Mahindra gets $700 mln contract from BT - paper Reuters India
:.Tech Mahindra clinches $700-mn outsourcing deal from BT Indiaoutsourcewatch.com
Forbes - Myiris.com - Economic Times
all 10 news articles »
Indian sugar futures rise on lower delivery hopes
Reuters India - 2 hours ago
MUMBAI, May 16 (Reuters) - Indian sugar futures rose on Friday on hopes that there would be lower physical deliveries at exchange warehouses when the May contract expires next week compared to last month, analysts said.
Corn up on export, barley on local demand Economic Times
NCDEX trade volumes at Rs 13.67 bn Myiris.com
Reuters India - Reuters India - Reuters India - Reuters India
all 80 news articles »
ICICI Bank launches Platinum Identity Credit Card
Moneycontrol.com - 4 hours ago
ICICI Bank, India’s largest private sector bank today announced the launch of the ICICI Bank ‘Platinum Identity’ Credit Card.
Now travel and live without cash, ICICI shows the way Rupee Times
ICICI Bank Launches Platinum Identity Credit Card TopNews
Economic Times
all 5 news articles »
MSN India PNB profit rises 33% for full year; Q4 net grows 129%
Hindu Business Line - 17 hours ago
Dr KC Chakrabarty, Chairman and Managing Director, Punjab National Bank (right) with Mr K. Raghuraman, Executive Director, at a press conference in the Capital on Thursday.
PNB Q4 net profit up two-fold at Rs. 544 crore Hindu
UPDATE 1-PNB targets 22 pct net profit growth in FY09-chairman Reuters India
Business Standard - NDTV.com - The Statesman - Economic Times
all 40 news articles »
Tata Investment to raise Rs 723 crore
Business Standard - 3 hours ago
Tata Investment Corporation will be raising a total of Rs 723 crore through a rights issue of Zero-coupon Convertible Bonds (with Warrants) (ZCB).
Tata Invt to raise 4.48 bln rupees via bonds rights issue Reuters India
Tata Investment to raise Rs 4.48 bn Myiris.com
all 4 news articles »
MSN India Exiting concrete biz completely as it's
Moneycontrol.com - 7 hours ago
Lafarge has bought L&T's concrete unit for USD 349 million. YM Deosthalee, CFO of L&T said they sold the concrete business at an EV of Rs 1480 crore.
Lafarge to raise debt from local markets for L&T Concrete deal Economic Times
L&T to boost infra with Lafarge money for infra Business Standard
Hindu Business Line - Livemint - Times of India - TopNews
all 60 news articles »
TopNews Rane NSK Steering opens Steering Column
Moneycontrol.com - 18 hours ago
To better serve its global customers’ rapidly growing vehicle production in the Delhi region, RNSSL, one of India’s leading Steering System makers, today inaugurated a new, state-of-the-art production plant at Bawal, Haryana, 80 kilometers southwest of ...
Rane Group earmarks Rs 200 cr for expansion Hindu Business Line
Rane NSK Steering System to invest Rs 20 cr in Singur Economic Times
Reuters India - domain-B - Thaindian.com - Automotive World (subscription)
all 17 news articles »
CSE gets offers from European exchanges
Hindu - 17 hours ago
KOLKATA: At least two European exchanges are keen to collaborate with the Calcutta Stock Exchange (CSE) which is readying itself to celebrate its 100 years.
Overseas bourses eye stake in CSE Times of India
Global SEs keen to tie up with CSE The Statesman
Financial Express - Business Standard - Howrah News Service - Financial Express
all 8 news articles »
MSN India Court warns banks on recovery thugs
Calcutta Telegraph - 14 hours ago
New Delhi, May 15: The Supreme Court today told banks they could not hire musclemen to threaten and humiliate loan defaulters into paying up, a tactic that has led several of the victims to commit suicide.
SC dismisses ICICI Bank's plea on loan recovery issue Economic Times
‘Don’t use goons for loan recovery’ Hindustan Times
Daily News & Analysis - Deccan Herald
all 11 news articles »
India Infoline.com L&T in pact with GE Energy for tapping power market
Economic Times - 5 hours ago
16 May, 2008, 1254 hrs IST, PTI MUMBAI: Engineering and construction major Larsen and Toubro on Friday said it has entered into a strategic partnership with GE Energy for focusing on the Indian power generation market.
L&T ties up with GE Energy for power systems Sify
L&T, GE Energy in partnership for Indian power generation markets ... Forbes
India Infoline.com - Thaindian.com
all 12 news articles »
TechShout! Yahoo! India launches New Yahoo! Search Marketing Platform
Moneycontrol.com - 21 hours ago
Yahoo! India, the leading Internet company, today announced the launch of its new Yahoo! Search Marketing (YSM) platform. This new sponsored search system is designed to enable advertisers to do more with their campaigns and gain a higher return on ...
Yahoo launches new service for advertisers Business Standard
Yahoo! India launches new search marketing platform for ... exchange4media.com
TechShout! - SDA India Magazine - ITvoir - PR Web (press release)
all 13 news articles »
See Re at 44/$ levels in next 3-6 mnths: Deutsche Bk
Moneycontrol.com - 8 hours ago
Mirza Baig, Currency Strategist at Deutsche Bank said that he been fairly bearish on the Indian rupee and he is looking at an upmove up to 44/USD in the next three-six months.
India's Rupee Declines After Inflation Unexpectedly Accelerates Bloomberg
India's growth robust, irreversible: World Bank Press Trust of India
Reuters India - Business Standard - NDTV.com - Economic Times
all 116 news articles »
Telegraph.co.uk Bharti prefers 51% MTN stake
Times of India - 7 hours ago
NEW DELHI: Bharti's run for taking over South African telecom major MTN has entered into a crucial negotiation phase. While the Indian telecom major is keen to acquire 51% stake, MTN's management is pushing Bharti for buying out the entire company ...
MTN chief may head new firm Business Standard
Bharti-MTN look to sorting out regulatory hurdles Economic Times
Myiris.com - Calcutta Telegraph - Reuters India - NDTV.com
all 340 news articles »
DCM Shriram To Make Entry Into Hybrid Seed Business
TopNews - 3 hours ago
Diversified group DCM Shriram is all set to enter the hybrid seed business and would concentrate on positioning itself as a major global player.
DCM Shriram to enter seed business Economic Times
DCM Shriram to invest up to 1 bln rupees in retail unit Reuters India
Myiris.com - Moneycontrol.com
all 7 news articles »
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Friday, May 16, 2008
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Ten Questions Yahoo! Shareholders Want Answered
Forbes - 2 hours ago
Corporate raider extraordinaire Carl Icahn launched his strategy to push Yahoo! back into Microsoft's arms. In a letter delivered Thursday to Yahoo!
Video: Icahn to Launch Proxy Battle Against Yahoo AssociatedPress
Yahoo’s Chairman Disputes Icahn’s Accusations New York Times
Wall Street Journal - CNNMoney.com - Reuters - Bloomberg
all 3,136 news articles »
Bharti prefers 51% MTN stake
Times of India - 6 hours ago
NEW DELHI: Bharti's run for taking over South African telecom major MTN has entered into a crucial negotiation phase. While the Indian telecom major is keen to acquire 51% stake, MTN's management is pushing Bharti for buying out the entire company ...
MTN chief may head new firm Business Standard
Bharti-MTN look to sorting out regulatory hurdles Economic Times
Myiris.com - Calcutta Telegraph - Reuters India - NDTV.com
all 340 news articles »
Forbes - 2 hours ago
Corporate raider extraordinaire Carl Icahn launched his strategy to push Yahoo! back into Microsoft's arms. In a letter delivered Thursday to Yahoo!
Video: Icahn to Launch Proxy Battle Against Yahoo AssociatedPress
Yahoo’s Chairman Disputes Icahn’s Accusations New York Times
Wall Street Journal - CNNMoney.com - Reuters - Bloomberg
all 3,136 news articles »
Bharti prefers 51% MTN stake
Times of India - 6 hours ago
NEW DELHI: Bharti's run for taking over South African telecom major MTN has entered into a crucial negotiation phase. While the Indian telecom major is keen to acquire 51% stake, MTN's management is pushing Bharti for buying out the entire company ...
MTN chief may head new firm Business Standard
Bharti-MTN look to sorting out regulatory hurdles Economic Times
Myiris.com - Calcutta Telegraph - Reuters India - NDTV.com
all 340 news articles »
Thursday, May 15, 2008
Now That Google Has Won
The collapse of Microsoft (NSDQ: MSFT)'s bid to acquire Yahoo (NSDQ: YHOO) has prompted Google (NSDQ: GOOG) watchers to ponder whether Google's dominance of search advertising poses any dangers for the Internet.
"Should it now be a cause for alarm that one company is in a position to control so much of the lifeblood of the Internet?" asked Financial Times writer Richard Waters in a May 12 article.
To hammer home the fear that drove Microsoft to acquire Yahoo in the first place, Silicon Alley Insider writer Henry Blodget asserted, " By this time next year, Google's search business will be larger and more profitable than the most profitable and legendary monopoly in history -- Microsoft Windows."
On Wednesday, the validity of such concerns was underscored by search market metrics released by Hitwise. "Google accounted for 67.90% of all U.S. searches in the four weeks ending April 26, 2008. Yahoo Search, MSN Search, and Ask.com each received 20.28%, 6.26% and 4.17%, respectively," Hitwise said.
For Google, that represents another market share increase. For Yahoo, Microsoft, and Ask, those numbers represent another decline. The biggest search share decline in the past 12 months belongs to Microsoft, or so it appears from a chart posted by Danny Sullivan over at Search Engine Land.
In answer to Waters' question, yes, it is cause for alarm, but also for celebration.
Google is alarming in the same way that Wal-Mart is alarming: It forces competitors to change.
Microsoft may not want to give up on the idea of selling word processing software to people for hundreds of dollars every few years, but Google, by making a free online alternative available, demonstrates the absurdity of the shrink-wrapped software business model. Sooner or later, Microsoft will have to come to terms with the fact that its golden goose has a terminal condition.
To date, Google has been restrained with its power. It has not, for example, floated ideas like abandoning network neutrality, as certain telecom companies have. In that respect, Google is less alarming than, say, AT&T.
But Google poses a threat by virtue of its extreme mobility, which is to say that it can enter information markets very quickly. Consider reports that Google has added a real estate search option to Google Maps. Suddenly, Google has become a potential competitor to Zillow.com.
If you run an Internet site or software company, that scenario has to be at least a bit alarming.
At the same time, today's open ecosystem has room for Google competitors. Microsoft will be a better one, five years from now, when Ray Ozzie's vision for the company becomes more fully realized. Yahoo may be one, if corporate raiders don't dismember it first. And maybe MySpace or Facebook will make their platform plays work. (Don't count Apple out, either.)
Until Google starts acting like a monopoly and abuses its market power, hold off on the alarm bells. Instead, celebrate the expanding information ecosystem that is emerging and try to bring great products to market.
YouTube beat Google Video, so it can be done (even if Google did end up buying YouTube to undo its defeat.)
« Yes, It’s Time To Destroy Your E-Mail Servers. What App Is Next? | Main | VMware Site Recovery Manager Is A Game Changer »
"Should it now be a cause for alarm that one company is in a position to control so much of the lifeblood of the Internet?" asked Financial Times writer Richard Waters in a May 12 article.
To hammer home the fear that drove Microsoft to acquire Yahoo in the first place, Silicon Alley Insider writer Henry Blodget asserted, " By this time next year, Google's search business will be larger and more profitable than the most profitable and legendary monopoly in history -- Microsoft Windows."
On Wednesday, the validity of such concerns was underscored by search market metrics released by Hitwise. "Google accounted for 67.90% of all U.S. searches in the four weeks ending April 26, 2008. Yahoo Search, MSN Search, and Ask.com each received 20.28%, 6.26% and 4.17%, respectively," Hitwise said.
For Google, that represents another market share increase. For Yahoo, Microsoft, and Ask, those numbers represent another decline. The biggest search share decline in the past 12 months belongs to Microsoft, or so it appears from a chart posted by Danny Sullivan over at Search Engine Land.
In answer to Waters' question, yes, it is cause for alarm, but also for celebration.
Google is alarming in the same way that Wal-Mart is alarming: It forces competitors to change.
Microsoft may not want to give up on the idea of selling word processing software to people for hundreds of dollars every few years, but Google, by making a free online alternative available, demonstrates the absurdity of the shrink-wrapped software business model. Sooner or later, Microsoft will have to come to terms with the fact that its golden goose has a terminal condition.
To date, Google has been restrained with its power. It has not, for example, floated ideas like abandoning network neutrality, as certain telecom companies have. In that respect, Google is less alarming than, say, AT&T.
But Google poses a threat by virtue of its extreme mobility, which is to say that it can enter information markets very quickly. Consider reports that Google has added a real estate search option to Google Maps. Suddenly, Google has become a potential competitor to Zillow.com.
If you run an Internet site or software company, that scenario has to be at least a bit alarming.
At the same time, today's open ecosystem has room for Google competitors. Microsoft will be a better one, five years from now, when Ray Ozzie's vision for the company becomes more fully realized. Yahoo may be one, if corporate raiders don't dismember it first. And maybe MySpace or Facebook will make their platform plays work. (Don't count Apple out, either.)
Until Google starts acting like a monopoly and abuses its market power, hold off on the alarm bells. Instead, celebrate the expanding information ecosystem that is emerging and try to bring great products to market.
YouTube beat Google Video, so it can be done (even if Google did end up buying YouTube to undo its defeat.)
« Yes, It’s Time To Destroy Your E-Mail Servers. What App Is Next? | Main | VMware Site Recovery Manager Is A Game Changer »
INDIANS ABROAD
Britain's first Asian woman Lord Mayor
15 May 2008, 1320 hrs IST
Ludhiana-born Manjula Sood, a High Bailiff of Leicester till now, will become the first Asian woman Lord Mayor of Britain.
Indian workers to go on strike in US
14 May 2008, 2012 hrs IST
A group of Indian guest workers will launch a hunger strike in front of the White House to demand protection from "exploitation" by US companies.
Indian community in US condemns Jaipur blasts
14 May 2008, 1001 hrs IST
Calling for a thorough probe into the blasts, the Indian community in US demanded harshest punishment for the culprits.
Indian moneylender killed in Philippines
14 May 2008, 0447 hrs IST , IP Singh
Paramjit Singh, a youth from Jalandhar, had gone to Philippines two years back and taken up the money-lending business.
Sikh student's turban set afire in New York
13 May 2008, 1739 hrs IST
The incident of a high school student setting a Sikh schoolmate's 'patka' afire in New Jersey, has invited the ire of the community.
Stabbed Indian student released from hospital
13 May 2008, 1412 hrs IST
The Indian student working as a taxi driver, who was brutally stabbed and left bleeding on the roadside here, has made a "miraculous" recovery and released from the hospital.
British Film Institute not to screen The Love Guru
13 May 2008, 1352 hrs IST
The British Film Institute has assured Hindu groups in the US that it would not release The Love Guru, which allegedly hurt religious sentiments.
Bodies of 6 car crash victims still in US
13 May 2008, 0939 hrs IST
The bodies of 6 Indian car crash victims will be flown back after completion of certain formalities by Wednesday.
'7ft-tall man killed Indian girl in UK'
13 May 2008, 0117 hrs IST
Nalluri Nagaraju Kumar has claimed that Jyothirmayi was murdered by a masked man, who was about seven-feet tall.
NRIs in UAE seek compensation for rupee rise
12 May 2008, 1535 hrs IST
NRIs in UAE have asked for compensation from India as the rupee appreciation affected their remittances back home.
Next >>
Other News
Pak troops fire on border post in Kashmir
Jaipur blasts: RDX used, HuJI suspected
US offers help in probing Jaipur serial blasts
UN warns of 'second catastrophe' in Myanmar
Videos Pictures
Foreign players keen to complete IPL stint
Martyr's widow breaks down at award ceremony
Australian man hacks family to death
More Videos
Specials
Terror strikes Jaipur
Serial blasts rocked Jaipur on Tuesday killing at least 80 people.
Earthquake in China | Border violence continues
My Times , My Voice
Has Lucknow been marketed properly as a popular tourist destination?
What is the primary reason for India being susceptible to recurring terror attacks?
More >>
No place like home
Pulse: Debate on hot Indian issues
Lifestyle: Stay updated on the latest trends
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Latest
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Read Most
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US jobless claims rise 6,000 in latest week (1812hrs)
India extends ban on LTTE by two years (1735hrs)
Two killed after being pushed out of bus in Orissa (1705hrs)
Tribal militants kill 11 in Assam (1657hrs)
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15 May 2008, 1320 hrs IST
Ludhiana-born Manjula Sood, a High Bailiff of Leicester till now, will become the first Asian woman Lord Mayor of Britain.
Indian workers to go on strike in US
14 May 2008, 2012 hrs IST
A group of Indian guest workers will launch a hunger strike in front of the White House to demand protection from "exploitation" by US companies.
Indian community in US condemns Jaipur blasts
14 May 2008, 1001 hrs IST
Calling for a thorough probe into the blasts, the Indian community in US demanded harshest punishment for the culprits.
Indian moneylender killed in Philippines
14 May 2008, 0447 hrs IST , IP Singh
Paramjit Singh, a youth from Jalandhar, had gone to Philippines two years back and taken up the money-lending business.
Sikh student's turban set afire in New York
13 May 2008, 1739 hrs IST
The incident of a high school student setting a Sikh schoolmate's 'patka' afire in New Jersey, has invited the ire of the community.
Stabbed Indian student released from hospital
13 May 2008, 1412 hrs IST
The Indian student working as a taxi driver, who was brutally stabbed and left bleeding on the roadside here, has made a "miraculous" recovery and released from the hospital.
British Film Institute not to screen The Love Guru
13 May 2008, 1352 hrs IST
The British Film Institute has assured Hindu groups in the US that it would not release The Love Guru, which allegedly hurt religious sentiments.
Bodies of 6 car crash victims still in US
13 May 2008, 0939 hrs IST
The bodies of 6 Indian car crash victims will be flown back after completion of certain formalities by Wednesday.
'7ft-tall man killed Indian girl in UK'
13 May 2008, 0117 hrs IST
Nalluri Nagaraju Kumar has claimed that Jyothirmayi was murdered by a masked man, who was about seven-feet tall.
NRIs in UAE seek compensation for rupee rise
12 May 2008, 1535 hrs IST
NRIs in UAE have asked for compensation from India as the rupee appreciation affected their remittances back home.
Next >>
Other News
Pak troops fire on border post in Kashmir
Jaipur blasts: RDX used, HuJI suspected
US offers help in probing Jaipur serial blasts
UN warns of 'second catastrophe' in Myanmar
Videos Pictures
Foreign players keen to complete IPL stint
Martyr's widow breaks down at award ceremony
Australian man hacks family to death
More Videos
Specials
Terror strikes Jaipur
Serial blasts rocked Jaipur on Tuesday killing at least 80 people.
Earthquake in China | Border violence continues
My Times , My Voice
Has Lucknow been marketed properly as a popular tourist destination?
What is the primary reason for India being susceptible to recurring terror attacks?
More >>
No place like home
Pulse: Debate on hot Indian issues
Lifestyle: Stay updated on the latest trends
People: Famous Indian personalities
Latest
News Most
Read Most
Emailed Most
Commented
US jobless claims rise 6,000 in latest week (1812hrs)
India extends ban on LTTE by two years (1735hrs)
Two killed after being pushed out of bus in Orissa (1705hrs)
Tribal militants kill 11 in Assam (1657hrs)
More »
Horoscope
Aries Taurus Gemini Cancer Leo Virgo Libra Scorpio Sagittarius Capricorn Aquarius Pisces
ePaper: Print Edition
Get the replica of your favourite edition of Times of India Feel at home..
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Ghost Rider Rs. 290
Chrono watch Rs 200
More >>
Travel: Hotels
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Agra Rs 575
Jaipur Rs 993
More >>
Mobile 58888
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Rib-tickling jokes
More >>
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Copyright © 2008 Times Internet Limited. All rights reserved. For reprint rights: Times Syndication Service
This site is best viewed with Internet Explorer 6.0 or higher; Firefox 2.0 or higher at a minimum screen resolution of 1024x768
Weak rupee may not bail out exporters
15 May 2008, 0052 hrs IST , M Allirajan
The rupee breaching the Rs 42-mark to the dollar may have brought some relief to exporters, who were hit hard by a strong rupee and high input costs.
Cement, steel makers agree to cut prices
15 May 2008, 0107 hrs IST
Steel secretary RS Pandey has said that the secondary steel producers have assured that they will hold the new reduced price line for the next three months.
DoT dials PM, finmin on spectrum
15 May 2008, 0109 hrs IST , Shalini Singh
TRAI is now insisting that 3G auctions be restricted to existing UAS (universal access service) licensees (2G) alone, which, by keeping out aggressive global bidders threatens to have a restrictive effect on prices.
All Business headlines >>
Intl Business India Business
Worst of financial crisis over: IMF chief
15 May 2008, 1655 hrs IST
The worst of the financial sector crisis is over although the impact on the broader economy will likely drags on in coming months, IMF managing director Dominique Strauss-Kahn said.
More Stories
'No global recovery before '09'
Vijay Bhatnagar appointed ArcelorMittal India CEO
MySpace wins $230M spam judgment, believed to be largest ever
Mittal is chairman of ArcelorMittal
'US slowdown to hit Asia in mid-2008'
Benchmarks end over 2% higher
15 May 2008, 1642 hrs IST
Buying interest towards end of trade saw benchmarks end sharply higher on Thursday. Reliance Communications and Hindalco Industries both up over 5 per cent were major benchmark gainers.
More Stories
Core infrastructure growth at 9.6 pc
FM for further cut in cement prices
SEBI clears Reliance Infratel IPO
Sensex opens 160 points up
DoT dials PM, finmin on spectrum
More >>
More >>
Market
Mkt. statistics
Powered by The Economic Times
Videos Pictures
Foreign players keen to complete IPL stint
Martyr's widow breaks down at award ceremony
Australian man hacks family to death
More Videos
Specials
Terror strikes Jaipur
Serial blasts rocked Jaipur on Tuesday killing at least 80 people.
Earthquake in China | Border violence continues
My Times , My Voice
Has Lucknow been marketed properly as a popular tourist destination?
What is the primary reason for India being susceptible to recurring terror attacks?
More >>
Latest
News Most
Read Most
Emailed Most
Commented
US jobless claims rise 6,000 in latest week (1812hrs)
India extends ban on LTTE by two years (1735hrs)
Two killed after being pushed out of bus in Orissa (1705hrs)
Tribal militants kill 11 in Assam (1657hrs)
More »
Horoscope
Aries Taurus Gemini Cancer Leo Virgo Libra Scorpio Sagittarius Capricorn Aquarius Pisces
ePaper: Print Edition
Get the replica of your favourite edition of Times of India Feel at home..
View ePaper
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Ghost Rider Rs. 290
Chrono watch Rs 200
More >>
Travel: Hotels
Goa Rs 836
Agra Rs 575
Jaipur Rs 993
More >>
Mobile 58888
News on the move
Rib-tickling jokes
More >>
About Us | Advertise with Us | Careers @ TIL | Terms of Use | Privacy Policy | Feedback | Sitemap
Copyright © 2008 Times Internet Limited. All rights reserved. For reprint rights: Times Syndication Service
This site is best viewed with Internet Explorer 6.0 or higher; Firefox 2.0 or higher at a minimum screen resolution of 1024x768
15 May 2008, 0052 hrs IST , M Allirajan
The rupee breaching the Rs 42-mark to the dollar may have brought some relief to exporters, who were hit hard by a strong rupee and high input costs.
Cement, steel makers agree to cut prices
15 May 2008, 0107 hrs IST
Steel secretary RS Pandey has said that the secondary steel producers have assured that they will hold the new reduced price line for the next three months.
DoT dials PM, finmin on spectrum
15 May 2008, 0109 hrs IST , Shalini Singh
TRAI is now insisting that 3G auctions be restricted to existing UAS (universal access service) licensees (2G) alone, which, by keeping out aggressive global bidders threatens to have a restrictive effect on prices.
All Business headlines >>
Intl Business India Business
Worst of financial crisis over: IMF chief
15 May 2008, 1655 hrs IST
The worst of the financial sector crisis is over although the impact on the broader economy will likely drags on in coming months, IMF managing director Dominique Strauss-Kahn said.
More Stories
'No global recovery before '09'
Vijay Bhatnagar appointed ArcelorMittal India CEO
MySpace wins $230M spam judgment, believed to be largest ever
Mittal is chairman of ArcelorMittal
'US slowdown to hit Asia in mid-2008'
Benchmarks end over 2% higher
15 May 2008, 1642 hrs IST
Buying interest towards end of trade saw benchmarks end sharply higher on Thursday. Reliance Communications and Hindalco Industries both up over 5 per cent were major benchmark gainers.
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Tiny Bodies in a Morgue, and Grief in China
JUYUAN, China — The bodies are everywhere. Some are zipped inside white vinyl bags and strewn on the floor. Others have been covered in a favorite blanket or dressed in new clothes. There are so many bodies that undertakers want to cremate them in groups. They are all children.
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Shiho Fukada for The New York Times
Parents at a makeshift morgue on Wednesday in Juyuan, China, held the body of their child, killed in Monday’s earthquake. More Photos »
Multimedia
Photographs
Grief in Juyuan
Related
Chinese Soldiers Rush to Bolster Weakened Dams (May 15, 2008) “Our grief is incomparable,” said Li Ping, 39, eyes rimmed red, as he and his wife slowly, carefully pulled a pair of pink pajamas over the bruised, naked body of their 8-year-old daughter, Ke. “We got married late, and had a child late. She is our only child.”
The earthquake that struck Sichuan Province on Monday has so far claimed more than 19,000 lives across China, and thousands more people remain missing or trapped beneath rubble. But the awful scene at this local morgue is a sad reminder that too many of the dead are children in a country where most families are allowed to have only one.
These children symbolized the earthquake’s seemingly indiscriminate cruelty. But the cruelty, in the eyes of their parents, was also man-made.
Several schools in nearby Dujiangyan collapsed while classes were under way. On Tuesday, Prime Minister Wen Jiabao visited two of them, including Xinjian Primary School, where parents say officials told him the death toll was 20 pupils.
“I am Grandpa Wen Jiabao,” the prime minister said as he watched two children being pulled from the rubble, according to Xinhua, the official state news agency. “Hold on, kids! You’ll definitely be rescued.”
But enraged parents interviewed at the morgue on Wednesday afternoon and early Thursday morning say local officials lied to the prime minister to hide the true toll at Xinjian, which they estimate at more than 400 dead children. Several parents blamed local officials for a slow initial rescue response and questioned the structural safety of the school building. They were also furious that officials forbade them to search for their children for two days and then allowed access to the bodies only after the parents formed an ad hoc committee to complain.
“Before Wen Jiabao came, the whole school was filled with children’s bodies,” said one mother who sat outdoors at the morgue with her husband in the early morning darkness beside the covered body of their 8-year-old daughter. “Her father and I had stood outside the school since the earthquake. We pleaded with the government: ‘If she is dead, I want to see the body. If she is alive, I want to see her.’ ”
Her husband, a thin man, leaned forward into the yellow light of two candles. “We’re telling you the truth,” he said. “Get the truth out.”
The morgue is an hour outside Dujiangyan on an isolated rural road, yet the parking lot was filled at 1:50 a.m. on Thursday. Parents and other family members clustered around the bodies of their children. Some burned fake money to bring their lost child good fortune in the afterlife. In one room, 25 small bodies were scattered on the floor. Some children had already been taken away; an empty white body bag lay near a sneaker and a filthy pair of boy’s trousers. Some families had placed flowers or incense inside empty water bottles as makeshift memorials.
“There are more in there,” said a man, pointing to a rear door. He walked outside to a walkway and paused. Scores of bodies, covered with sheets, were lined in two long rows on the concrete floor. Others were placed in an adjacent room. Parents sobbed or sat silently beside bodies.
“They are all students,” said the man in the blue shirt. “Look,” he said pointing to a red and white jacket folded beside one body. “That is the school uniform.” He pointed to a Mickey Mouse backpack. “There is a book bag.”
The two rows of bodies came to an open door that led to the large steel furnaces used for cremation. In China, the dead are almost always cremated fairly soon after death. Usually, there is enough time for funeral ceremonies and rituals, but parents said that officials were worried about cremating so many bodies before they started to decompose. So some parents have been asked if their children can be cremated with dead friends to save time.
1 2 Next Page »
Zhang Jing contributed research.
Skip to next paragraph
Enlarge This Image
Shiho Fukada for The New York Times
Parents at a makeshift morgue on Wednesday in Juyuan, China, held the body of their child, killed in Monday’s earthquake. More Photos »
Multimedia
Photographs
Grief in Juyuan
Related
Chinese Soldiers Rush to Bolster Weakened Dams (May 15, 2008) “Our grief is incomparable,” said Li Ping, 39, eyes rimmed red, as he and his wife slowly, carefully pulled a pair of pink pajamas over the bruised, naked body of their 8-year-old daughter, Ke. “We got married late, and had a child late. She is our only child.”
The earthquake that struck Sichuan Province on Monday has so far claimed more than 19,000 lives across China, and thousands more people remain missing or trapped beneath rubble. But the awful scene at this local morgue is a sad reminder that too many of the dead are children in a country where most families are allowed to have only one.
These children symbolized the earthquake’s seemingly indiscriminate cruelty. But the cruelty, in the eyes of their parents, was also man-made.
Several schools in nearby Dujiangyan collapsed while classes were under way. On Tuesday, Prime Minister Wen Jiabao visited two of them, including Xinjian Primary School, where parents say officials told him the death toll was 20 pupils.
“I am Grandpa Wen Jiabao,” the prime minister said as he watched two children being pulled from the rubble, according to Xinhua, the official state news agency. “Hold on, kids! You’ll definitely be rescued.”
But enraged parents interviewed at the morgue on Wednesday afternoon and early Thursday morning say local officials lied to the prime minister to hide the true toll at Xinjian, which they estimate at more than 400 dead children. Several parents blamed local officials for a slow initial rescue response and questioned the structural safety of the school building. They were also furious that officials forbade them to search for their children for two days and then allowed access to the bodies only after the parents formed an ad hoc committee to complain.
“Before Wen Jiabao came, the whole school was filled with children’s bodies,” said one mother who sat outdoors at the morgue with her husband in the early morning darkness beside the covered body of their 8-year-old daughter. “Her father and I had stood outside the school since the earthquake. We pleaded with the government: ‘If she is dead, I want to see the body. If she is alive, I want to see her.’ ”
Her husband, a thin man, leaned forward into the yellow light of two candles. “We’re telling you the truth,” he said. “Get the truth out.”
The morgue is an hour outside Dujiangyan on an isolated rural road, yet the parking lot was filled at 1:50 a.m. on Thursday. Parents and other family members clustered around the bodies of their children. Some burned fake money to bring their lost child good fortune in the afterlife. In one room, 25 small bodies were scattered on the floor. Some children had already been taken away; an empty white body bag lay near a sneaker and a filthy pair of boy’s trousers. Some families had placed flowers or incense inside empty water bottles as makeshift memorials.
“There are more in there,” said a man, pointing to a rear door. He walked outside to a walkway and paused. Scores of bodies, covered with sheets, were lined in two long rows on the concrete floor. Others were placed in an adjacent room. Parents sobbed or sat silently beside bodies.
“They are all students,” said the man in the blue shirt. “Look,” he said pointing to a red and white jacket folded beside one body. “That is the school uniform.” He pointed to a Mickey Mouse backpack. “There is a book bag.”
The two rows of bodies came to an open door that led to the large steel furnaces used for cremation. In China, the dead are almost always cremated fairly soon after death. Usually, there is enough time for funeral ceremonies and rituals, but parents said that officials were worried about cremating so many bodies before they started to decompose. So some parents have been asked if their children can be cremated with dead friends to save time.
1 2 Next Page »
Zhang Jing contributed research.
Wednesday, May 14, 2008
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TAKEN FROM FINANCIAL EXPRESS
NALCO has shortlisted two to three coal mines in Sumatra Island to secure supplies for its power plant in Indonesia.ArcelorMittal posts net income of $2.37 bn
The Co has recorded an increase of 5.37 per cent as compared to the last year.
‘HP-EDS deal to be biggest in global tech'
Proposed acquisition of EDS by HP is the largest M&A deal in the global technology space in 2008.
DuPont targets $1 bn revenues from India
Global science services firm DuPont is targeting revenues of one billion dollar its Indian arm.
Indian Oil to raise Rs 5.9 bn via bonds
State-run Indian Oil Corporation Ltd will sell oil bonds to raise 5.9 billion rupees.
Lloyd Electric to acquire Czech firm
Air conditioner coil maker Lloyd Electric announced the acquisition of Luvata Czech in Prague.
Vijay Bhatnagar appointed ArcelorMittal India CEO
World's largest steelmaker ArcelorMittal has appointed Vijay Bhatnagar as the new Chief Executive Officer for its India operations.
NALCO not to be privatised: Rahul Gandhi
The profit making Orissa- based public sector undertaking NALCO will not be privatised, Rahul said.
GAIL FY 2007-08 net at Rs. 2,601 cr
GAIL India posted a net profit before tax at Rs 1,098 crore in the fourth quarter of 2007-08.
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Top Companies Hiring Immediately.Submit Your Resume Today! Jobs in Oil
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Ads by GoogleWorld News
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Russia wants further IMF reform: Pankin
More
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PNB to set up branches in four overseas locations
PNB plans no rate cuts; to meet FY08 profit target
More
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Terror hits Jaipur: Eight blasts, over 75 killed
Mayawati offers quota to poor ‘forward castes’
More
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Rohit has grabbed my attention: Gibbs
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Mittal gets bullish on M&As, issues shares worth $15-bn
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ArcelorMittal posts net income of $2.37 bn
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Asian economies holding up: Merrill Lynch
‘India not sacrificing growth to cool prices’
TAKEN FROM FINANCIAL EXPRESS
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