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IAEA chief urges Iran to cooperate on nuke issue
International Atomic Energy Agency (IAEA) chief Mohammed ElBaradei has asked Iran to respond swiftly to the "unique" offer made by the US, France and Russia to process its enriched uranium fuel abroad.

Maruti launches Eeco in Hyderabad
Maruti Suzuki India Limited (MSIL) launched its utility vehicle (UV) Eeco in Hyderabad on Wednesday. “The new family car is designed keeping in mind the needs of the Indian customers. Eeco will help us strengthen our presence in the C segment and give us good numbers,” IV Rao, managing executive officer (engineering) of MSIL, told mediapersons here.

News of the day

Andhra targets 9 per cent GSDP growth
The Andhra Pradesh government has set a target of an average annual growth rate of 8 to 9 per cent in the gross state domestic product (GSDP) and a sub-target of 4 per cent for agriculture and 10 per cent for industry and the service sector. The focus would also be on increasing the share of manufacturing in GSDP to 25 per cent in phases from the present 15 per cent, said Governor Narayan Dutt Tiwari.
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Cabinet to mull Hind Shipyard transfer to Defence Ministry

A move is afoot to transfer a major shipyard to the Defence Ministry, a step aimed at creating capabilities to construct nuclear submarines. A proposal to transfer state-owned Hindustan Shipyard (HSL) from the administrative control of the Shipping Ministry to the Defence Ministry is expected to be considered by the Cabinet any day now. - Govt scouts for lead-managers for NMDC selloff - BHEL to recruit 4,000 persons annually for 3 yrs - BEL mulls foray into nuclear power space - ICEX does business of Rs 2,559 crore in four days - Automobile sales grow 46% in Nov - NTPC signs pact with oil PSUs for gas supply Sensex ends up 35pts Cox & Kings Q3 net jumps 88% to Rs 19 cr UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The GoM in February 2008, while considering the proposal inter alia recommended that the yard of HSL be transferred to the Ministry of Defence for strategic requirements. The GoM also recommended a valuation the current existing assets of the shipyard. Following this, Axis Bank was appointed to do the valuation process and value has been worked out at Rs 1,021.99 crore. Out of the 27 shipyards in the country, six are owned by the Centre and three of them are considered crucial ? HSL at Visakhapatnam, Cochin Shipyard, and Hooghly Dock and Port Engineers at Kolkata.


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