Economic Times - 30th Sep

SUBMITTED BY
Aparna kumari
Ashish bajaj
Arjun rathore

Mahindra pegs Satyam loss at Rs 8kcr under Raju:
Mahindra Satyam managed to sharply reduce its losses for 2009-10.
Mahindra: not worried about past.
The firm rode out a tough two years period during which it lost clients and employees, and posted a huge loss of Rs8kcr 2008-09.

Cos go mobile to capture real-time data:
Mobiles are helping firms gather data on sales, inventory & service.
Every night at nine, Sudhir Sharma, on Onida salesman assigned to a multi-brands outlet, wraps up his work by sending an SMS from his mobile phone.
Till five months ago, Onida's sales figures used to take two weeks to a montha to trickle in, especially from smaller towns. Now thanks to an application on mobile phones and some back-end software connections, it happens daily.
Onida is able to manage the movements of its goods better, replenish stocks faster and tweak production based on daily sales patterns

Govt to manage own debt in two years:
Debt Management Office to Relieve RBI of task of managing Sovereign Borrowings.
A senior finance ministry official said a full-fledged debt management office will be operational by 2012.
RBI had first advocted the need for seperating debt management and monetry policy over a decade ago.

CAG may get to audit private telcos' books:
CAG to audit their books every year to ensure that they do not fudge thier numbers & pay the govt less than its due.
Unhaapy at the prospect of CAG poring over their books, telecom companys are gearing upto strongly oppose this change in licence conditions.

Countdown to India INC's D-Day:
On the afternoon of october 4, a group of 8 industry leaders will select the winner of The Economic Times Awards for Corprate excellence 2010.
That evening, Mr Schwarzman will speak on "Regulation After the Great Recession"

12-digit empowerment:
Prime Minister Unveils project to provide unique identity to every citizen.
To start rolling out the numbers between augusr 2010 and february next year has been met and the next few months will see a roll out in other states.
UIDAI ii the first identification project to use biometric data in a big way.


Core sector growth dips to 3.7% in August:
Power & coal take hit while cement, steel sector put up mixed show.
The six industries- crude oil, petroleum refining, coal, electricity, cement and finished steel- have a combined weight of 26.7% in the index of industrial produtcion and are considered an advance indicator of industrial activity.


Central varsities agree on new admission process:
Universities have also agreed on faculty and student mobility within central universities, and a code of conduct for faculty, staff and researchers.
Seven of the 15 new central unversities have already adopted a common entrance test for admission.

US House set to approve 'yuan' bill:
The House is expected to approve, with bipartisan support, a bill to treat China's exchange rate as a subsidy.
Obama and Chinese Premier Wen Jiabao discused China's curreny & huge trade surplus with the United States.

Power is shifting to East, challenge is to follow it:
Lazard Chief Kenneth Jacobs wants to bank on soarin deals in India.
Mr Jacobs is among the many global financial Wizards who are focusing on India and other Asian markets to benefit from the soarin take overs from the cash-rich and debt-light companies.