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| J&K inviting overseas importers to boost handicraft exports Excelsior Correspondent Jammu Jan 4: The J&K Government is planning a buyer-seller meet for handicrafts in May this year at Srinagar to invite overseas importers to visit the State and procure the goods directly from the artisans here. .....more $ 65.5 WB loan for Kerala NEW DELHI, Jan 4: The World Bank today extended a 65.5 million dollar (about Rs 300 crore) loan for the Kerala rural water supply and environmental sanitation project. The credit is interest free with 35 years maturity and 10 years grace period, ....more TCS to become CHENNAI, Jan 4: Tata Consultancy Services (TCS), the global software consultancy unit of the Tata Group, will be made a separate company this year.....more Time dotcom IPO faces KUALA LUMPUR, Jan 4: Malaysian mobile phone firm time dotcom’s upcoming IPO — at nearly 500 million dollars the country’s biggest ever — . ..more |
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Koolwool - Special Maintaining its position of being the most innovative fabric brand Graviera, has launched 'KOOLWOOL' in the presence......more BigBanyanTree.com Excelsior Correspondent JAMMU, Jan 4: If you are interested to learn computer and are hesitant, fearful and even have misconceptions related to the process ....more Equities settle with CHENNAI, Jan 4: Equities, led by some infotech scrips improved and settled with gains.....more UP to establish 5 LUCKNOW, Jan 4: Uttar Pradesh Government would establish five technology parks..........more |
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J&K
inviting overseas importers to boost Excelsior Correspondent Jammu Jan 4: The J&K Government is planning a buyer-seller meet for handicrafts in May this year at Srinagar to invite overseas importers to visit the State and procure the goods directly from the artisans here. In the first instance, it is proposed to invite a group of ten reputed buyers for bulk purchasing from U.S A , Canada and Europe to visit the Valley for a period of 3 days to have inter-action with the artisans of the State. The selection of the overseas buyers would be made with the help and assistance of Indian Mission Abroad and International Agencies like UNCTAD. Stating this here today, the Industries and Commerce Minister, Dr Mustafa Kamal said that this step is contemplated as a part of State’s new strategy for marketting its increased handicrafts production which ‘has touched by now a high of Rs 600 crores, of which, Rs 400 crore worth merchandise has export potential. The strategy is aimed at strengthening of the conventional markets as well as exploration of new markets by seeking export promotion measures, the Minister added. He said organising such a type of Buyer-seller meet has been necessitated because due to disturbed situation in J&K, the importers from abroad did not visit the State and are still avoiding to come here which has adversely affected small artisans and manufactures who have become dependent entirely upon traders and exporters located outside the State. The proposed buyer-seller meet will encourage the overseas buyers to visit the State and offer opportunity to artisans and overseas importers to interact with each other which will result in product promotion and design development besides increasing the market segment. Dr Kamal said that financial assistance for the proposed meet would be sought from the Centre under approved scheme of the office of Development Commissioner, Handicrafts as well as Export Promotion Council Handicrafts. The J&K Handicrafts ( S&E) Corporation will act as organiser/ facilitator and render service in the shape of arranging the meet, negotiation, documentation, export service and realization of proceeds for the proposed buyer-seller meet. |
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$ 65.5 WB loan for Kerala rural water supply project NEW DELHI, Jan 4: The World Bank today extended a 65.5 million dollar (about Rs 300 crore) loan for the Kerala rural water supply and environmental sanitation project. The credit is interest free with 35 years maturity and 10 years grace period, an official statement said here. Agreements relating to the project were signed between the World Bank, Government of India and Kerala Government here. While Adarsh Kishore, Additional Secretary, Department of Economic Affairs signed the agreement on behalf of Union Government, Elias George, Secretary, Irrigation and Water Supply, signed on behalf of Kerala Government. James Verghese, Executive Director, Kerala Rural Water Supply and Sanitation Agency, and Edwin R Lim, Country Director India, World Bank, signed on behalf of their respective organisations. While the Kerala Government has decided to decentralise rural water supply service delivery to gram panchayats, the objective of the current project is to improve the quality of rural water supply and environmental sanitation services. The project would introduce a new service delivery mechanism through a partnership between Kerala Rural Water Supply Agency, Gram Panchayats, beneficiary groups and Non-Governmental Organisations. The project would be implemented in 80 gram panchayats in district of Palakkad, Mallapuram, Thrissur and Kozhikode. The project would also focus on tribal population in nine village panchayats. The project also has a national component for which about three million dollar has been earmarked for assisting the Rajiv Gandhi Drinking Water Supply Mission in promoting its national rural water supply and environmental sanitation reform agenda in India. The project includes capacity building of Kerala rural water supply agency, gram panchayats, beneficiary groups and the NGOs involved, community development especially mobilising women and building infrastructure. Kerala Government has decided to empower beneficiary groups to make investment decisions and independently manage project funds. It has also drafted a ground water bill to withdraw agricultural power subsidy to paddy farmers, the release added. (PTI) |
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TCS to become separate public company CHENNAI, Jan 4: Tata Consultancy Services (TCS), the global software consultancy unit of the Tata Group, will be made a separate company this year. Top TCS Executives told UNI that according to the current proposals, TCS which is now a division of the Tata Sons Ltd, the holding company of the Tata Group, would be made into a public limited company in the third quarter of the current fiscal. TCS, which is the country’s largest software company with a turnover of Rs 2100 crore last year, netted a profit of Rs 600 crore — the highest profit centre of the Tata Group. Tata Group had so far been resisting proposals to transform TCS into a separate company, while some of India’s software companies like Infosys had gone global with their Nasdaq presence. TCS is not even available in the Indian capital market. Once the company goes public, its staffers are expected to be provided with ESOPs (Employees Stock Option Plans) that bind employee loyalty, the sources added. (UNI) |
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Time dotcom IPO faces cool welcome: Analysts KUALA LUMPUR, Jan 4: Malaysian mobile phone firm time dotcom’s upcoming IPO — at nearly 500 million dollars the country’s biggest ever — is likely to get the cold shoulder from investors when it comes to market in early 2001. The thrice-delayed Initial Public Offer, first slated for September last year, may finally hit the market a little too late, analysts said today "Sad to say, circumstances have changed," said Yee Yang Chien, Research Head at HLG Capital. "Time is going to the market under a different set of economic and market scenarios. The take-up rate will likely disappoint." Analysts who once rated the IPO as a highlight that could bring the bulls back to market have now changed their tune. "This is a huge offer. With the market so soft, it won’t be easy to digest. The underwriters will end up holding the baby," said T S Pong, Research Head at Jupiter Securities. A total of 572 million shares at 3.30 ringgit a piece will be sold to raise 1.89 billion ringgit, or 497 million dollars, mostly to repay debts owed by time’s parent, Time Engineering BHD Teng. (REUTERS) |
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Koolwool - Special Maintaining its position of being the most innovative fabric brand Graviera, has launched 'KOOLWOOL' in the presence of many representatives from leading Newspapers and TV Channels of the country. In his welcome address, Mr Raj Sinha, Vice President Marketing, underlined the "Andaz Zara Hatke" positioning of the Graviera Brand by highlighting the very name of the new product - KOOLWOOL. All the elements on his product are in the line with what the Graviera Brand is all about - Its innovative, Its practical, Its different...." Speaking on the occasion, Mr S Krishnamoorthy, Joint Executive President of the company said, 'In keeping with the Graviera philosophy and commitment towards product development & innovation, without losing track of the consumer's affordability. It is only logical that we should introduce a Polywool alternative at the price of a synthetic fabric, this winter.' Later on Mr K D Joshi, Vice President Sales while showering his usual smile, added that the research on the KOOLWOOL was already in progress with "COOLERS" was launched in the last summer. Mr Joshi further emphasised that KOOLWOOL is a polyester viscose material and is given a special treatment to enhance the thermal insulation of the fabric to make it as warm and comfortable as wool. The thermal insulation value for KOOLWOOL is 24.8% as compared to 15.20% for a normal PV fabric and 16.7% for a similar polywool fabric. With the advert of more and more technologies, India's Men's clothing industry has witnessed a major metamorphosis shifting from quintessential clothes to innovative ones. Presently, Indian men are not only open to changes in Dressing, but are also exploring the right colour, style and fabrics. Experimenting with the different fabrics is the forte of India's young generaion and selecting the right fabric is the first step towards the Right Look. Currently, for this season, the industry is dominated with natural fibres and multiple fibres but being expensive, delicate and maintenance -- heavy, blends have emerged as the preferred alternative. KoolWool is the latest innovation of the winters having all the fluidity, brace and comforts of a blend. Soft being the keyword of this season, KoolWool has a very soft fine finishing with a good drape encompassing the wearer with its easy movements and warmth. It has a good crease recovery, which adds to the confidence of the wearer. This fabric has the warmth of Wool and is economical by atleast 40% as compared to similar Polywool fabrics. KoolWool has the most exotic Collection of Colours, which are over 60 shades of solid plains and are available in Twills and Matts. Graviera Suiting's KoolWool, will be available at all authorised Graviera outlets across the country. KoolWool will be available at a retail price range between Rs. 250/- to Rs. 350/- per meter. Graviera Suiting is a brand of Bhiwani Textile Mills, a unit of Grasim Industries Ltd., of Aditya Birla Group. |
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BigBanyanTree.com
launched in Jammu Excelsior Correspondent JAMMU, Jan 4: If you are interested to learn computer and are hesitant, fearful and even have misconceptions related to the process of learning computers then you need not to worry about all this. Here is a good news for all those interested in learning computers without going to real life education centre. Dewsoft Overseas—a premier organisation engaged in the field of software development and exports, using the best and the most innovative technology in the world today—has launched www.BigBanyanTree.com in Jammu to provide solution to aforesaid problems. This unique portal is designed to provide quality computer education on the net at fraction of a price through its "Earn while you Learn programme". The computers have changed the way we live. Infact, so much has been the influence of the computers that its ignorance can put a big question mark on our survival. We see it affecting our routine lives. A computer savvy person is seen as an asset to any organisation, for, his/her output is equivalent to that of 10 people. BigBanyanTree.com-a portal designed to provide online education at your own pace and convenience is not only for the beginners but for the Gurus too. This portal will provide the best of theoretical and practical computer education and e-tools available in the world today. Through this unique portal people can also have information on how to start own business, personality development and management programmes. The programme—online education for beginners of this portal provides you introduction to the windows family, internet, browsers, MS-Office and accounting package and in the online education for professionals—the portal provides tips on great website designs, do’s and don’ts of the Net, introduction to HTML, DHTML, ASP, JAVA, Access, SQL-7-0, free codes for Linux and NT serves and CBSE computer syllabus etc. The learners can also give on-line examinations which are formulated using ascending learning level of education. Speaking at the launching ceremony of BigBanyanTree.com, Mr Rishi Sehdev of Dewsoft Overseas Private Limited said that not only the education the portal will also provide opportunity to earn handsomely as well. Informing about earning handsome money, he said that interested people can enroll in this programme at a throw away price of Rs 6000 for one year and recommend this to two more people who in turn do the same and the process goes on and on for all times to come. "The real value of all the programmes included is Rs 4.5 lakhs when pursued in a real time centre", he said. Informing more about the portal, he said that this unique portal enables people to keep contact details online, keep track of appointments through online schedulers and remember important days through online anniversary record. About the online technical support, he said online discussion forum comprising of some of the best IT brains shall help find solutions to problems. He further informed that the Company is shortly going to set up its office in Jammu and will become globalised by end of March. |
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Equities settle with gains on buying support CHENNAI, Jan 4: Equities, led by some infotech scrips improved and settled with gains on speculative and buying support on the Madras Stock Market today. But a few counters moved down to finish with modest losses. The MSE index improved further by 56.09 points to close at 5257.88 against yesterday’s close of 5201.79 points. Gemini Communication rallied by Rs 4.55 to Rs 74.80. Global e-solution went up by Rs 1.50 to Rs 12.85. But mega soft moved in a range between Rs 195.05 and Rs 176 before concluding the day at Rs 179.75, with a net loss of Rs 5.15. Encore infosys, Fore C Soft, Integrated Hitech, Sanra Computer, KPR Tele, SRG Infotec and Telephoto all posted modest gains. Technest solution ruled steady at Rs 33.70. Macmillan recovered by Rs 48 to Rs 648 while ACC shed Rs 3.00 to Rs 162.50. Amrutanjan wound up at Rs 228.55 while Lakshmi Mill rose by Rs 15 to Rs 260. Bherudan Dugar Finance, Dhanalskhmi Bank, Gothi Plascon, GV Films, India Cement Capital, Meenakshi, Pace Elcot, Rajeswari Grphic and Shasun Finance finished better. Arvind Remedies dipped by Rs 2.25 to Rs 84.20, Elnet Tech by Rs 2.65 to Rs 16 and MFL by Rs 1.20 to Rs 4. Harita Finance, Indian Overseas Bank and RSL Industries were at their previous levels. (PTI) |
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UP to establish 5 technology parks LUCKNOW, Jan 4: Uttar Pradesh Government would establish five technology parks in different parts of the state to prop up the Information Technology (IT) industry. Science and Technology Minister Shiva Kant Ojha told reporters here today that the parks to be established at Lucknow, Agra, Varanasi, Noida and Allahabad would be completed within one year. Besides, the Government would also set up a Rs 2500 crore international technology park at Noida to attract the IT industries from across the world, the minister said. He said that several IT companies had evinced interest in setting up their establishment at Noida. Ojha said that the Government had successfully implemented the use of mobile jammers in the jails of the state. He said Israeli technology was used in jamming, and the Latin American country of Columbia had sought the State Government assistance for providing IT with jamming technology. Referring to the arrangements for the Kumbh Mela, Ojha said that 1500 closed circuit television sets had been installed at the mela complex to keep a strict watch on the anti-national elements. (PTI) |
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