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India
News Clips
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St Xavier’s School as a museum
http://www.mumbaimirror.com/index.aspx?page
By Manoj R Nair |
Posted On Wednesday, February 10, 2010 at 02:32:39
AM
St Xavier’s School at Dhobi Talao, which is
celebrating its 140th anniversary, is truly a
treasure trove, with 3,000-odd collection of
preserved birds, animals and reptiles. Also, the
broken propeller of S S Fort Stikine that fell in
the school compound after the Victoria Docks
Explosion in 1944
A broken piece of a
ship’s propeller that fell in the compound during
the 1944 dock explosion is displayed in the
quadrangle of St Xavier’s School at Dhobi Talao.
Inside the heritage building of the school which is
celebrating its 140th anniversary this year are more
treasures, including the largest collection of
preserved animals and birds ever to be displayed in
a school.
The school’s large natural history collection is
scattered across three floors. A stuffed tiger
donated by the Maharaja of Bansda – a former
princely state in Gujarat – who studied here is
displayed next to a classroom. Another tiger
specimen was gifted by the Rajabahdur of Ajaigarh,
also a former student.
Apart from scions of royalty, the school’s alumni
list includes industrialists, judges and senior
bureaucrats – testimony to the fact that at the
beginning of the 20th century, St Xavier’s was one
of the most sought after schools. It is still a
popular school but most of the 2,200 boys who now
study here come from more modest backgrounds. |
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Indian Navy Inducts Russian-made MiG-29K Fighter
Planes
http://www.rttnews.com/Mobile.aspx
See Video:
http://www.youtube.com/watch?v=cGbsbeLKx0E
 2/19/2010
12:19 PM ET The Indian Navy on Friday
inducted four Russian-made MiG-29K "Air Dominance"
fighter planes into its fleet, which will eventually
be deployed on an aircraft carrier being refitted in
Russia.
With this, the Indian Navy has joined an elite club
of navies across the world having the MiG-29K
aircraft in operation.
Speaking at the induction ceremony in the western
Indian state of Goa, Defense Minister A K Antony
said "coupled with the future inductions of aircraft
carriers, our Navy's capability will see a quantum
jump."
He termed the entry into service of the MiG-29K
carrier fighters a "milestone" for the Indian Navy.
The MiG-29Ks are planned to be deployed on
under-refitting Russian aircraft carrier Admiral
Gorshkov. Renamed as INS Vikramaditya, the frigate
is likely to be inducted in the Indian Navy by 2012.
Besides, an air defense ship being built at a
shipyard in the southern Indian port city of Kochi
will be ready for service by 2014. |
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Bharti
Airtel to buy Kuwait-based Zain telecom's mobile
operations in Africa
New Delhi, February 15,
2010 |
http://indiatoday.intoday.in/
Bharti Airtel today said it has offered USD 10.7
billion (nearly Rs 50,000 crore) to buy Kuwait-based
Zain telecom's mobile operations in Africa, in a
deal that would catapult India's largest private
telecom firm in the league of world's top 10
operators.
"Bharti and Zain have agreed to enter into exclusive
discussions until March 25, 2010 for the acquisition
of Zain's African unit based on an enterprise value
of USD 10.7 billion," the company said in a
statement.
Zain has operations in 17 African countries and
Bharti's offer covers all, but those in Sudan and
Morocco. Bharti Airtel, which claims a subscriber
base of over 125 million in India, would make it to
the top 10 operators globally after acquisition of
Zain which has nearly 42 million users in Africa.
"This potential transaction does not include Zain's
operations in Morocco and Sudan and remains subject
to due diligence, customary regulatory approvals and
signing of final transaction documentation," Bharti
said. |
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Canada's
Canpotex sells potash to India at $370/t – Contract
worth $2.2 billion
http://www.miningweekly.com/print-version/canadas-canpotex
By: Liezel Hill |
Published: 19th February 2010
TORONTO (miningweekly.com)
- Canpotex, the offshore marketing
company for Canadian potash producers Potash Corp,
Agrium and Mosaic, has inked a new supply contract
with Indian buyers for the second quarter, it
announced on Friday.
About 600 000 t will be shipped at a contract price
of $370/t, including freight costs, to a consortium
of buyers that includes Coromandel International
Limited and Tata Chemicals.
Earlier this month, Canpotex said it had agreed to
sell 350 000 t of potash to China's Sinofert before
the end of March. The sales agreement was at
“competitive prices” Canpotex said at the time,
without disclosing any further terms.
While buyers in some parts of the world, like
Brazil, purchase potash on a spot basis, Chinese and
Indian buyers have traditionally negotiated annual
price contracts with producers.
In December, Russia's Belorussian Potash Company
announced a pricing agreement of $350/t with Chinese
buyers, and smaller rival Israel Chemicals followed
with its own deal at the same price.
But Bill Doyle, the CEO of the biggest
producer, Potash Corp, said in January he believed
the Russian producers had settled too low. Prices
and demand for potash, which is one of three
essential crop nutrients, soared in 2007 and the
first three quarters of 2008, with some shipments
selling for as high as $1 000/t on the spot market.
However, farmers around the world responded to the
financial crisis by deferring the use of fertiliser
and Potash Corp and the other handful of global
producers were hit hard, with Potash Corp reporting
an almost 70% year-on-year decline in fourth-quarter
earnings. |
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Indian factory
output rises 16.8%
BBC NEWS |
http://news.bbc.co.uk/2/hi/business/8512221.stm
India's industrial production has risen at its
fastest pace in more than a decade, providing
further evidence of the country's strong economic
recovery. Factory output rose by 16.8% in December
compared with a year earlier, much faster than
analysts had expected.
Subdued growth last year as a result of the global
economic downturn helped to boost this year's figure
in comparison. The strong growth will strengthen the
case for the government to withdraw its stimulus
measures, analysts said.
"We are going to see some rollback of fiscal
stimulus in the 26 February federal budget," said
Rahul Bajoria at Barclays Capital. "The need to
support the manufacturing sector through duty cuts
is no longer there."
Rising prices
India's economy is recovering faster than expected -
it grew at an annual pace of 7.9% in the three
months to the end of September 2009, after growing
6.7% in the year to the end of March 2009.
Government stimulus measures helped to maintain
growth during the global downturn - the country's
central bank has pumped more than $125bn (£80bn)
into the Indian economy since September 2008.
Instead of concerning themselves with securing
strong growth, policymakers are now starting to turn
their attention to inflation. Last month, India's
central bank increased cash reserve requirements for
lenders in a bid to contain rising prices.It also lifted its inflation forecast for the end of
the financial year in March to 8.5%.
Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/2/hi/business/8512221.stm
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