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MAH-MBA/MMS-CET 2010 NEWS
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MAH-MBA/MMS-CET 2010 Notification for modification of basic qualification for the admission to MBA/MMS/PGDBM/PGDM for the Academic Year 2010-2011
The Eligibility of Basic Qualification mentioend at rule no. 2.1 in the infomration brochure for the academic year 2010-11 will remain same as that of Basic Qualification required for the academic year 2009-10.
The Eligibility of Basic Qualification mentioend at rule no. 2.1 in the infomration brochure for the academic year 2010-11 will be applicabe for the academic year 2011-12.
MAH-MBA/MMS-CET 2010 Notification for the Academic Year 2010-2011
The Eligibility of Basic Qualification mentioend at rule no. 2.1 in the infomration brochure for the academic year 2010-11 will remain same as that of Basic Qualification required for the academic year 2009-10. The Eligibility of Basic Qualification mentioend at rule no. 2.1 in the infomration brochure for the academic year 2010-11 will be applicabe for the academic year 2011-12. The Eligibility of Basic Qualification MBA 2010-2011
The Eligibility of Basic Qualification mentioend at rule no. 2.1 in the infomration brochure for the academic year 2010-11 will remain same as that of Basic Qualification required for the academic year 2009-10.
The Eligibility of Basic Qualification mentioend at rule no. 2.1 in the infomration brochure for the academic year 2010-11 will be applicabe for the academic year 2011-12.
The Eligibility of Basic Qualification mentioend at rule no. 2.1 in the infomration brochure for the academic year 2010-11 will be applicabe for the academic year 2011-12. ADMISSIONS TO FIRST YEAR MBA 2010-2011 NOTIFICATION
MAH-MBA/MMS-CET 2010 NOTIFICATION
ADMISSIONS TO FIRST YEAR MBA 2010-2011 NOTIFICATION
ADMISSIONS TO FIRST YEAR OF FULL TIME POST GRADUATE COURSES IN
MANAGEMENT VIZ. MBA/MMS/PGDBM/PGDM FOR THE YEAR 2010-2011
This notification is issued for notifying the change in the eligibility criteria mentioned at rule no.
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ADMISSIONS TO FIRST YEAR MBA 2010-2011 NOTIFICATION
ADMISSIONS TO FIRST YEAR OF FULL TIME POST GRADUATE COURSES IN
MANAGEMENT VIZ. MBA/MMS/PGDBM/PGDM FOR THE YEAR 2010-2011
This notification is issued for notifying the change in the eligibility criteria mentioned at rule no.
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world news|Haiti's 'ghost' tent villages
It's midday in Port-au-Prince and the sun is beating down from a cloudless sky.
It's good news, another day without clouds means another day without rain.
But it won't last. Everybody knows the rainy season is now only a few weeks away, and a million people have no proper shelter.
A park on the edge of Port-au-Prince is sprouting what look like giant white field mushrooms. They are actually large white tents, hundreds of them.
It's the first proper tent encampment to be built since the earthquake. Along a high concrete wall workers are digging latrines, and building shower blocks.
In a few days from now 3,000 refugees from the centre of Port-au-Prince will start moving in here. But they will be the lucky few.
'Huge number'
Despite repeated calls from everyone - from UN Secretary General Ban Ki-moon to Haitian President Rene Preval - only a few thousand tents have so far arrived in Haiti.
"The priority for flights has been given to bringing in food and medical supplies," says Christopher Gascon from the International Organization for Migration (IOM).
He is in charge of building the mushroom tent camp. He has 40,000 more tents on their way from Panama, but by ship, not by air. And even when those do arrive, they will not be nearly enough.
It seems extraordinary, but so vast are Haiti's needs that there are simply not enough of the right sort of tents in the world right now to house all the refugees.
"We are talking about a huge number of tents," says Mr Gascon.
"These sort of tents are not widely available. They will have to be made, ordered from China. If you want 200,000 tents now its not going to happen, they are not there."
'Ghost' camp
There is also chaos and confusion. The aftermath of every natural disaster is chaotic. But Haiti is especially so.
Every aid agency and non-governmental organisation (NGO) in the world seems to have poured in to Port-au-Prince.
In the UN compound next to the airport clean-cut young men and women strut around in T-shirts proclaiming "Scientologist Volunteers".
In a bar across the street a group of Belgian men are drinking beer. Outside their large white lorry has a banner draped across it with the name of their own tiny environmental NGO.
"We want to help, but the World Food Programme says they already have enough water trucks," they tell me.
But if the UN base is chaotic, it's nothing to the Haitian government compound.
It's housed in an old concrete police station just down the road. The car park is crammed with large four-wheel drives jostling for position and hooting loudly.
We manage to track down Charles Clairmonte, the Haitian official charged with building the mass tent cities that will supposedly house the hundreds of thousands of refugees from Port-au-Prince.
"We started work the day after the earthquake," he assures me, "the first camp will be up and running within the next few days."
Surprised, I ask him where it is.
"It is on the outskirts of the city, there is running water and there will be electricity and spaces, it will be operational within a few days," Mr Clairmonte says.
Intrigued, I take down the details of the location and head out of town.
The place is an empty stretch of highway that runs out to the mountains north of Port-au-Prince.
One thing is immediately clear, there is no camp. Instead on a stony hillside we come across one of the most extraordinary sites I have ever seen. Hundreds and hundreds of people, camping in the open.
'No help'
As soon as I get out of the car a crowd surrounds me. One young man speaks English.
I ask him where he sleeps.
"On the ground," he answers, pointing to a patch of dirt further up the hill.
I ask him if he has had any help, any food or water.
"No," he says, "we have nothing."
Further on I find a young mother and her seven children squatting in a tiny shack they have fashioned out of sticks and old blankets. One of her children has a huge bandage around his hand.
"He had two fingers amputated after the quake," the mother says.
Nearby Salnar Devoisie is lying on a makeshift bed.
Her daughter is platting her mass of grey hair. There is a white bandage around the stump of her left leg.
"I was trapped in the rubble of my home for three days. When the Israeli doctors got me out they said we will have to chop it off or you will die," she says.
As we talk she rubs her hand against her chest as if in pain.
"It is gas. I haven't eaten for four days."
Despite the massive response from the outside world these people are still waiting for help to arrive.
And for nearly a million Haitians the coming night will be another night spent in the open.
It's good news, another day without clouds means another day without rain.
But it won't last. Everybody knows the rainy season is now only a few weeks away, and a million people have no proper shelter.
A park on the edge of Port-au-Prince is sprouting what look like giant white field mushrooms. They are actually large white tents, hundreds of them.
It's the first proper tent encampment to be built since the earthquake. Along a high concrete wall workers are digging latrines, and building shower blocks.
In a few days from now 3,000 refugees from the centre of Port-au-Prince will start moving in here. But they will be the lucky few.
'Huge number'
Despite repeated calls from everyone - from UN Secretary General Ban Ki-moon to Haitian President Rene Preval - only a few thousand tents have so far arrived in Haiti.
 Mr Gascon says there are simply not enough tents |
He is in charge of building the mushroom tent camp. He has 40,000 more tents on their way from Panama, but by ship, not by air. And even when those do arrive, they will not be nearly enough.
It seems extraordinary, but so vast are Haiti's needs that there are simply not enough of the right sort of tents in the world right now to house all the refugees.
"We are talking about a huge number of tents," says Mr Gascon.
"These sort of tents are not widely available. They will have to be made, ordered from China. If you want 200,000 tents now its not going to happen, they are not there."
'Ghost' camp
There is also chaos and confusion. The aftermath of every natural disaster is chaotic. But Haiti is especially so.
Every aid agency and non-governmental organisation (NGO) in the world seems to have poured in to Port-au-Prince.
In the UN compound next to the airport clean-cut young men and women strut around in T-shirts proclaiming "Scientologist Volunteers".
 Reconstruction: Haitian style |
"We want to help, but the World Food Programme says they already have enough water trucks," they tell me.
But if the UN base is chaotic, it's nothing to the Haitian government compound.
It's housed in an old concrete police station just down the road. The car park is crammed with large four-wheel drives jostling for position and hooting loudly.
We manage to track down Charles Clairmonte, the Haitian official charged with building the mass tent cities that will supposedly house the hundreds of thousands of refugees from Port-au-Prince.
"We started work the day after the earthquake," he assures me, "the first camp will be up and running within the next few days."
Surprised, I ask him where it is.
"It is on the outskirts of the city, there is running water and there will be electricity and spaces, it will be operational within a few days," Mr Clairmonte says.
Intrigued, I take down the details of the location and head out of town.
The place is an empty stretch of highway that runs out to the mountains north of Port-au-Prince.
One thing is immediately clear, there is no camp. Instead on a stony hillside we come across one of the most extraordinary sites I have ever seen. Hundreds and hundreds of people, camping in the open.
'No help'
As soon as I get out of the car a crowd surrounds me. One young man speaks English.
I ask him where he sleeps.
"On the ground," he answers, pointing to a patch of dirt further up the hill.
I ask him if he has had any help, any food or water.
"No," he says, "we have nothing."
Further on I find a young mother and her seven children squatting in a tiny shack they have fashioned out of sticks and old blankets. One of her children has a huge bandage around his hand.
"He had two fingers amputated after the quake," the mother says.
Nearby Salnar Devoisie is lying on a makeshift bed.
Her daughter is platting her mass of grey hair. There is a white bandage around the stump of her left leg.
"I was trapped in the rubble of my home for three days. When the Israeli doctors got me out they said we will have to chop it off or you will die," she says.
As we talk she rubs her hand against her chest as if in pain.
"It is gas. I haven't eaten for four days."
Despite the massive response from the outside world these people are still waiting for help to arrive.
And for nearly a million Haitians the coming night will be another night spent in the open.
world news|US supports concept of reintegration of Taliban
The Obama Administration today said it supports the concept of reintegration of the Taliban and welcomed Afghan President Hamid Karzai's plan of a grand peace 'jirga' in the coming months.
"We actually support and discussed yesterday during the Afghanistan conference the concept of reintegration, and we are very gratified that there has been a fund put together," Assistant Secretary of State for Public Affairs P J Crowley said, adding that Japan has made a significant contribution to that.
"So this is fully consistent with our strategy of trying to build up capacity within the Afghan Government and provide it resources so that we can begin to peel away the foot soldiers who we think are not ideologically committed to this. It may well be something simple, like the Taliban for the moment is paying better than the Afghan Government," Crowley said.
Observing that the Taliban is a kind of mixed grouping of disparate elements, Crowley said the US thinks there can be an opportunity through a political process, one that is Afghan led, to try to see who among these leaders are willing to make a fundamental change in their approach.
"We will support this," he said.
Crowley welcomed the plan of Afghan President Hamid Karzai of a grand peace jirga in the coming months.
"We actually support and discussed yesterday during the Afghanistan conference the concept of reintegration, and we are very gratified that there has been a fund put together," Assistant Secretary of State for Public Affairs P J Crowley said, adding that Japan has made a significant contribution to that.
"So this is fully consistent with our strategy of trying to build up capacity within the Afghan Government and provide it resources so that we can begin to peel away the foot soldiers who we think are not ideologically committed to this. It may well be something simple, like the Taliban for the moment is paying better than the Afghan Government," Crowley said.
Observing that the Taliban is a kind of mixed grouping of disparate elements, Crowley said the US thinks there can be an opportunity through a political process, one that is Afghan led, to try to see who among these leaders are willing to make a fundamental change in their approach.
"We will support this," he said.
Crowley welcomed the plan of Afghan President Hamid Karzai of a grand peace jirga in the coming months.
top news|Iraq inquiry: Tony Blair had no regrets over toppling Saddam Hussein
Tony Blair refused to express regret for overthrowing Saddam Hussein and told the Chilcot inquiry he would take the decision to invade Iraq again even knowing the dictator had no weapons of mass destruction.
During six tense hours in front of the inquiry into the war, the former prime minister also used his testimony repeatedly to urge world leaders to take military action against Iran, which he described as more dangerous than Iraq had been under Saddam.His confident delivery was interrupted only once by the audience, which included the relatives of British troops killed in Iraq, when he was asked to reflect on the fate of those who had died during the conflict.
But he did not stumble as he was asked whether he had any regrets over the war, saying: “Responsibility, but not a regret for removing Saddam Hussein. I believe he was a monster, that he threatened not just the region but the world.
“And in the circumstances that we faced then, but I think even if you look back now, it was better to deal with this threat, to remove him from office.”
In defiant and assured testimony, the former prime minister was clear that the Iraqi dictator had to be “got rid of” the moment the 9/11 attacks on the United States took place.
He made explicit that Britain was prepared from the outset to go to war without the support of the United Nations, but denied entering into a secret pact with President George W Bush to take military action a year before the 2003 invasion.
“This isn’t about a lie or a conspiracy or a deceit or a deception. It’s a decision,” he said.
“The decision I took – and frankly would take again – was if there was any possibility that he could develop weapons of mass destruction we should stop him. That was my view then and that is my view now. This is a profoundly wicked, I would say almost psychopathic, man.”
Mr Blair went on to deny deceiving Parliament and the public over the intelligence reports of WMD used to justify the war, saying: “I did believe it. And I did believe it frankly beyond doubt.”
Insisting that UN weapons inspections would have failed to find WMD, even if they had been given more time, he defended the decision to circumvent the Security Council and go to war without a specific mandate.
Muffled shouts from the protesters outside the building could be heard occasionally as Mr Blair spoke, and some relatives wept as he came to the end of his evidence.
HOW THE WORLD CHANGED AFTER 9/11
Mr Blair told the hearing he considered the September 11 2001 atrocities to be an attack on Britain as well as the United States, changing his assessment of the risk from Saddam, and making “regime change” in Iraq virtually inevitable.
He said the fundamentalist terrorist attacks showed him that rogue states, including Iraq, could not be allowed to continue to defy the rest of the world, or potentially develop weapons of mass destruction.
Pushed on claims by Sir Christopher Meyer, the former British ambassador to the US, that a deal to invade Iraq was “signed in blood” between President Bush and Mr Blair at one-to-one talks at the Texas ranch in Crawford, he admitted that he told the American leader that Britain “would be with him”.
But, he added: “I don’t think Christopher Meyer was ever at the critical meeting. The position was not a covert position, it was an open position. The primary consideration for me was to send an absolutely powerful, clear and unremitting message that, after September 11, if you were a regime engaged in WMD, you had to stop.”
THE INTELLIGENCE FAILINGS
Mr Blair denied that he had deceived the country or Parliament about the reasons for going to war, or over Iraq’s ability to launch WMD. He defended his assertion in the notorious dossier of September 2002, which made the case for war, that the intelligence services had established “beyond doubt” that Saddam had WMD. “I did believe it and I did believe it was beyond doubt,” he said. “It was hard to come to any other conclusion than that this person is continuing WMD programmes.”
In one of his few expressions of regret, Mr Blair conceded that the claim that incorrect reports which suggested that Saddam could launch attacks on British targets at 45 minutes’ notice should have been put right.
He said: “It would have been better to have corrected it in the light of the significance it later took on.”
THE FERN BRITTON INTERVIEW
There were murmurs from the audience as Mr Blair brushed off a question about an interview he gave last year with Fern Britton, a daytime television presenter, in which he suggested that had he known that Saddam did not have WMD, he would have sought other grounds for invading. He smiled and said: “Even with all my experience in dealing with interviews, it still indicates that I have got something to learn about it.
“Obviously, all I was saying was you cannot describe the nature of the threat in the same way if we knew then what we know now. It was in no sense a change of position.”
THE UNITED NATIONS ROUTE
The inquiry was told that Mr Blair had always wanted to act within the parameters of the UN but was aware from the start that this was unlikely to succeed.
He told how President Bush had agreed to his request to seek a Security Council resolution, which became 1441, and later battled to secure a second explicit mandate to go to war. “A second resolution was obviously going to make life a lot easier, politically and in every respect,” he said. In the month before the invasion, the negotiations to secure a second resolution failed because the French and Russians shifted position, he added.
An impassioned Mr Blair told the hearing: “Sometimes what is important is not to ask the March 2003 question, but to ask the 2010 question. Supposing we had backed off this military action, supposing we had left Saddam and his sons who were going to follow him in charge of Iraq – he had used chemical weapons, caused the death of over a million people.”
THE LEGAL CASE
Mr Blair insisted that it was reasonable to argue that attacking Iraq was justified in international law, and denied putting pressure on Lord Goldsmith, then the attorney general, to endorse his view.
He said that if Lord Goldsmith had not given his approval, Britain would not have taken part in the attack.
“Anyone who knows Peter Goldsmith knows he would not have expressed that view unless he thought and believed it,” he said.
IRAN
The former prime minister used his appearance to issue a clarion call to world leaders to take action against Iran. “My judgment – and it may be other people don’t take this view, and that’s for the leaders of today to make their judgment – is we don’t take any risks with this issue,” he said.
“My fear was – and I would say I hold this fear stronger today than I did back then as a result of what Iran particularly today is doing – my fear is that states that are highly repressive or failed, the danger of a WMD link is that they become porous, they construct all sorts of different alliances with people.
“When I look at the way that Iran today links up with terror groups ... I would say that a large part of the destabilisation in the Middle East at the present time comes from Iran.”
PLANNING
An “immense” amount of planning for dealing with post-war Iraq took place, but Britain failed to anticipate the disintegration of the state and the violence that followed, Mr Blair admitted.
“If we knew then what we know now, we would have done things differently. But for what we thought we were going to have, we had planned adequately,” he said.
Tony Blair's key quotes
- "This isn’t about a lie or a conspiracy or a deceit or a deception. It’s a decision. I had to take the decision. I believed, and in the end the Cabinet believed - so did Parliament incidentally - that we were right not to run that risk."
- "The decision I took - and frankly would take again - was if there was any possibility that he could develop weapons of mass destruction we should stop him. That was my view then and that is my view now."
- "This is a profoundly wicked, I would say almost psychopathic, man [Saddam Hussein]. We were obviously worried that after him his two sons seemed to be as bad, if not worse."
- "The point about those acts in New York is that, had they been able to kill more people than the 3,000, they would have. My view was you can't take risks with this issue."
- "Supposing we had backed off this military action, supposing we had left Saddam and his sons who were going to follow him in charge of Iraq - he had used chemical weapons, caused the death of over a million people.”
- On his claim in the dossier that Iraq possessed WMD: "What I said in the foreword was that I believed I was beyond doubt. I did believe it and I did believe that it was beyond doubt."
top news|3 Indians held in Australia for Ranjodh murder
MELBOURNE/NEW DELHI: Even as India reiterated an earlier advisory cautioning students against going to Australia, the New South Wales police
ruled out a race angle in the murder of Indian national Ranjodh Singh last month and arrested three Indians, including a young couple, for the crime.
The couple, identified as 23-year-old Gurpreet Singh and his 20-year-old wife, Harpreet Bhullar, were charged with murdering Ranjodh Singh, 25, a fruit picker, whose body was found half burned beside a road near Griffith city in New South Wales on December 29 last year.
Gurpreet was arrested on Thursday from a Sydney car wash where he worked. The couple faced a local court on Friday and were formally refused bail by magistrate Bernard Kennedy.
A Punjabi interpreter will be arranged for their next court appearance, due on February 3, at the Wagga Wagga local court.
Police arrested another man, aged 25, in Wagga Wagga city on Thursday and charged him with murder. The man, who was not identified, too is due to appear in court on February 3.
New South Wales police assistant commissioner Mark Murdoch said all three accused knew Ranjodh Singh, who was murdered last month in Australia and ruled out race as a motive for the killing. "We will allege that all three people that we’ve now detained over this matter were well acquainted with the victim, Singh, and were involved in the fruit picking industry in the Griffith area," Murdoch said.
Ranjodh was stabbed multiple times and set ablaze while still alive. His body was flown to New Delhi on Thursday. It will be taken to his native place, Nabha in Punjab, for last rites.
In New Delhi, minister of state for external affairs Preneet Kaur again advised Indian students against visiting Australia for the moment following the string of attacks on Indian nationals. "We are doing all that we can. An advisory has been issued not to visit Australia," Preneet said.
"We are pressuring the Australian government to find the reasons behind the attacks, why have they happened and how they have happened," she added.
The minister said the Australian government was "now open to investigations taking place because of the meeting between foreign minister S M Krishna and his counterpart in London".
ruled out a race angle in the murder of Indian national Ranjodh Singh last month and arrested three Indians, including a young couple, for the crime.
The couple, identified as 23-year-old Gurpreet Singh and his 20-year-old wife, Harpreet Bhullar, were charged with murdering Ranjodh Singh, 25, a fruit picker, whose body was found half burned beside a road near Griffith city in New South Wales on December 29 last year.
Gurpreet was arrested on Thursday from a Sydney car wash where he worked. The couple faced a local court on Friday and were formally refused bail by magistrate Bernard Kennedy.
A Punjabi interpreter will be arranged for their next court appearance, due on February 3, at the Wagga Wagga local court.
Police arrested another man, aged 25, in Wagga Wagga city on Thursday and charged him with murder. The man, who was not identified, too is due to appear in court on February 3.
New South Wales police assistant commissioner Mark Murdoch said all three accused knew Ranjodh Singh, who was murdered last month in Australia and ruled out race as a motive for the killing. "We will allege that all three people that we’ve now detained over this matter were well acquainted with the victim, Singh, and were involved in the fruit picking industry in the Griffith area," Murdoch said.
Ranjodh was stabbed multiple times and set ablaze while still alive. His body was flown to New Delhi on Thursday. It will be taken to his native place, Nabha in Punjab, for last rites.
In New Delhi, minister of state for external affairs Preneet Kaur again advised Indian students against visiting Australia for the moment following the string of attacks on Indian nationals. "We are doing all that we can. An advisory has been issued not to visit Australia," Preneet said.
"We are pressuring the Australian government to find the reasons behind the attacks, why have they happened and how they have happened," she added.
The minister said the Australian government was "now open to investigations taking place because of the meeting between foreign minister S M Krishna and his counterpart in London".
top news|Army chief orders court martial - Officer senior-most to face action
New Delhi, Jan. 29: The army chief today ordered disciplinary action leading to court martial against his top aide, Lt General Avadhesh Prakash, two days after defence minister A.K. Antony overruled the recommendation for administrative steps.
A source close to Prakash said the military secretary, who is due to retire on January 31, “is a victim of power struggles going on behind the scenes”. Lt General Prakash will become the senior-most general to face disciplinary action.
Disciplinary action through a court martial can mean a sentence of imprisonment or cashiering (being stripped of rank and privileges) or both. The court martial’s sentence can be challenged in the armed forces tribunal and in the Supreme Court.
Only two other lieutenant generals have faced court martial so far.
In the same case as Prakash’s, the former commander of the Sukna-headquartered 33 Corps, Lt General P.K. Rath, is also to be court-martialled. He was already “attached” to the Eastern Command headquarters in Fort William, Calcutta, during the court of inquiry that began last September 30.
The court of inquiry, convened in Calcutta by the Eastern Army Commander and army chief-designate, Lt General V.K. Singh, concluded in December that Prakash had used his office to influence Lt General Rath and other officers of the 33 Corps in Sukna, north Bengal, to win a land deal in favour of his realtor friend, Dilip Agarwal.
Lt General Singh had recommended that Lt General Prakash’s services be terminated. Under service rules, military officers are accountable for their actions under the Army Act for up to three years after retirement. Lt General Prakash will now be “attached” to an army command where a general senior to him will preside over the proceedings against him.
After Antony overruled the army chief, the disciplinary proceedings against Lt General Prakash were a foregone conclusion unless the army chief, exceptionally, chose to disagree with or defy the minister. Lt General Prakash has the option of going to court against the action.
In an unrelated case, Lt General S.K. Sahni, one of only two other lieutenant generals to face a court martial, had challenged the order of disciplinary action. Delhi High Court had ordered a stay but the army continued with the proceedings after challenging the stay in the Supreme Court.
The litigation delayed, and continues to delay, the proceedings nearly two years after Sahni retired.
A source close to Lt General Prakash said the military secretary was “weighing his options” but he and his advisers had concluded that:
(a) There was no land “scam” because there was no evidence of pecuniary benefit and the land itself did not belong to the army; and
(b) There was no evidence that the military secretary had used his position to distribute “government largesse”.
When told that the court of inquiry report had repeatedly referred to the security implications in the Siliguri corridor and near the garrison headquarters, the source asked: “If that is such a security-sensitive area, why had the army not taken over the land in all these years?”
The report notes that the 71 acres in Chumta Tea Estate adjoining the headquarters of the 33 Corps in Sukna was in the process of being acquired by the army.
The Bengal government, says the report, was “favourably disposed” towards transferring the land to the army because of the “security implications”.
nagpur news:-20-year-old commits suicide
NAGPUR: A 20-year-old youth committed suicide by settling himself ablaze at his residence in Signal Bazar, Kalamna, on Friday afternoon.
According to the cops, Yadav, a resident of Signal bazaar, Kalamna, committed the crime under the influence of alcohol on Sunday night. He was admitted to Mayo hospital where he succumbed to his injuries.
Kalmna police have registered a case and further investigations are underway.
According to the cops, Yadav, a resident of Signal bazaar, Kalamna, committed the crime under the influence of alcohol on Sunday night. He was admitted to Mayo hospital where he succumbed to his injuries.
Kalmna police have registered a case and further investigations are underway.
nagpur news:-HC asks for investigation reports in Abhilasha murder
NAGPUR: The Nagpur bench of Bombay High Court has asked the Dhantoli police to submit investigation reports into the Abhilasha Sayyam murder
case. This first-year college student was found murdered under mysterious circumstances in the nullah adjoining Canal Road in November 2009. She had been missing for four days before her body was found with several injuries.
Earlier, petitioner's counsel Nitesh Samudre pointed out to the court loopholes in the investigation by the police. He also informed how cops are harassing Abhilasha's family members and forcing them to undergo a narco test. The government pleader then sought time to file a reply after which the court adjourned the case for two weeks.
Petitioner Avish Sayyam, brother of the victim, has appealed to the judiciary to intervene in the ongoing investigation to ensure that cops do not harass his family members or try to close the case by implicating them. Appealing against the so-called grilling in custody by Sitabuldi police and crime branch, the petitioner alleged that his family members were being ill-treated. He has demanded a CBI enquiry in the case.
case. This first-year college student was found murdered under mysterious circumstances in the nullah adjoining Canal Road in November 2009. She had been missing for four days before her body was found with several injuries.
Earlier, petitioner's counsel Nitesh Samudre pointed out to the court loopholes in the investigation by the police. He also informed how cops are harassing Abhilasha's family members and forcing them to undergo a narco test. The government pleader then sought time to file a reply after which the court adjourned the case for two weeks.
Petitioner Avish Sayyam, brother of the victim, has appealed to the judiciary to intervene in the ongoing investigation to ensure that cops do not harass his family members or try to close the case by implicating them. Appealing against the so-called grilling in custody by Sitabuldi police and crime branch, the petitioner alleged that his family members were being ill-treated. He has demanded a CBI enquiry in the case.
nagpur news:-Act tough in ragging case,Darade tells GMC dean
NAGPUR: The situation seems to be more complicated than before for Yogesh Rathod. This second year student of the MBBS course at Government
Medical College (GMC) claimed to have been ragged by three of his 'seniors' just after midnight on Sunday at the residential hostel where he stays. And now, while his friends are trying to help him out, his alleged tormentors are turning up the heat on him to drop the matter!
On Friday, some of the batchmates of Yogesh claimed that the incident was being played down, visited district collector Praveen Darade, asking that he intervene on their behalf and secure justice for the victim. Darade, on his part, told TOI that he had already instructed GMC dean Dr Abhimanyu Niswade to initiate the strictest of action against the guilty parties, and also offered any help if Niswade needed it.
On the other hand, Niswade told TOI that Yogesh was a person who had recently been beaten up by some auto-rickshaw drivers, and even insinuated that it was probably the boy's fault. "The collector has asked me to not to let the accused even within the campus for two years, and to see that they are not able to register themselves as doctors with the Medical Council of India. However, all that is not within my power," he explained.
"The college council has been taking a decision in this regard, and it will be known to all by Saturday morning. Otherwise, it is not in my hands to take the steps that the collector has suggested," Niswade added. It is interesting to note that he clearly did not hold a good view of a student of the very college where he is the dean, and additionally, did not seem too keen to punish those who are accused of mistreating this student!
It is highly unfortunate that such an attitude should be displayed in Nagpur when people accused of ragging are being dealt with an iron hand across the country. One is also liable to question why Niswade is not acting tough on the accused even though the collector has promised all help from his as well as the government's side!
Meanwhile, the friends of Yogesh who went to meet the collector on Friday, told TOI that they were being pressurised to withdraw the case or soften their stand. Apparently, even college professors are involved in this effort of coercion, because they may be implicated for their role in not stopping such incidents if the guilty parties in this case are indicted.
As for the three accused, they have reportedly threatened the complainants of dire consequences if matters are not 'wound up' soon. The students also complained that the victim is under extreme stress due to these incidents.
Medical College (GMC) claimed to have been ragged by three of his 'seniors' just after midnight on Sunday at the residential hostel where he stays. And now, while his friends are trying to help him out, his alleged tormentors are turning up the heat on him to drop the matter!
On Friday, some of the batchmates of Yogesh claimed that the incident was being played down, visited district collector Praveen Darade, asking that he intervene on their behalf and secure justice for the victim. Darade, on his part, told TOI that he had already instructed GMC dean Dr Abhimanyu Niswade to initiate the strictest of action against the guilty parties, and also offered any help if Niswade needed it.
On the other hand, Niswade told TOI that Yogesh was a person who had recently been beaten up by some auto-rickshaw drivers, and even insinuated that it was probably the boy's fault. "The collector has asked me to not to let the accused even within the campus for two years, and to see that they are not able to register themselves as doctors with the Medical Council of India. However, all that is not within my power," he explained.
"The college council has been taking a decision in this regard, and it will be known to all by Saturday morning. Otherwise, it is not in my hands to take the steps that the collector has suggested," Niswade added. It is interesting to note that he clearly did not hold a good view of a student of the very college where he is the dean, and additionally, did not seem too keen to punish those who are accused of mistreating this student!
It is highly unfortunate that such an attitude should be displayed in Nagpur when people accused of ragging are being dealt with an iron hand across the country. One is also liable to question why Niswade is not acting tough on the accused even though the collector has promised all help from his as well as the government's side!
Meanwhile, the friends of Yogesh who went to meet the collector on Friday, told TOI that they were being pressurised to withdraw the case or soften their stand. Apparently, even college professors are involved in this effort of coercion, because they may be implicated for their role in not stopping such incidents if the guilty parties in this case are indicted.
As for the three accused, they have reportedly threatened the complainants of dire consequences if matters are not 'wound up' soon. The students also complained that the victim is under extreme stress due to these incidents.
nagpur news:-Foreign athletes gear up for Nagpur Marathon
nagpur news:-Foreign athletes gear up for Nagpur Marathon
NAGPUR: A group of East African athletes have arrived here to participate in the second edition of Nagpur International Marathon to be held on
Sunday.
The 39 athletes from Kenya, Tanzania and Ethopia have promised to improve their timings in Nagpur, vice-president of Kenyan Athletic Federation Paul Mutwii told reporters here today.
The event has witnessed a record number of 90,000 entries, including 77,000 for 'Five-KM Ahinsa Doud' and 500 athletes in the main event of 42.195 km men's full marathon.
There are 200 female athletes, including six foreign nationals for 21.097 km-long half marathon for women.
The races would be flagged off by Maharashtra Home Minister R R Patil, former Test skipper Mohd Azarhuddin, former High Court judge and chairman of International Day for Non-Violence Organising Committee Chandrashekhar Dharmadhiri and city Mayor Archana Dehankar.
Union Power Minister Sushil Kumar Shinde, Sports Minister M S Gill and Indian Olympic Association president Suresh Kalmadi are likely to attend the flag off function.
A musical programme would also be held at the finishing point, the Yeshwant Stadium.
NAGPUR: A group of East African athletes have arrived here to participate in the second edition of Nagpur International Marathon to be held on
Sunday.
The 39 athletes from Kenya, Tanzania and Ethopia have promised to improve their timings in Nagpur, vice-president of Kenyan Athletic Federation Paul Mutwii told reporters here today.
The event has witnessed a record number of 90,000 entries, including 77,000 for 'Five-KM Ahinsa Doud' and 500 athletes in the main event of 42.195 km men's full marathon.
There are 200 female athletes, including six foreign nationals for 21.097 km-long half marathon for women.
The races would be flagged off by Maharashtra Home Minister R R Patil, former Test skipper Mohd Azarhuddin, former High Court judge and chairman of International Day for Non-Violence Organising Committee Chandrashekhar Dharmadhiri and city Mayor Archana Dehankar.
Union Power Minister Sushil Kumar Shinde, Sports Minister M S Gill and Indian Olympic Association president Suresh Kalmadi are likely to attend the flag off function.
A musical programme would also be held at the finishing point, the Yeshwant Stadium.
Nagpur university Bsc - 3 time table summer 2010 | RTMNU Time Table
Nagpur university Bsc - 3 time table summer 2010 | RTMNU Time Table
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nagpur university maharashtra
nagpur university maharashtra
The Nagpur University was established on 4th August, 1923 with six affiliated colleges and 927
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students. During 1947, the number of students increased to about 9000 accompanied by the improvement and diversification of curricula and expansion in the range of subjects. The expansion of library and sports facilities occurred during these years for the intellectual and physical well being of the students. It was in 1958 that some new Departments in Arts and Social Science faculties were opened; the major expansion, however, came in 1963 when several science and other teaching Departments were started. The Departments were shifted to spacious buildings in the main campus in 1972-73. In later years, several career oriented courses have been started viz., Business Management, Fine Arts, Mass Communication, Library Science, Physical Education, etc.
During seventy-eight years of its existence, the University has progressed satisfactorily and doing well in the midst of constraints of different sorts. This has been possible because of futuristic vision about higher education of the personalities who adored the chair of Vice-Chancellor of this University. Their determination and dedication helped a lot in progress of this University.
During seventy-eight years of its existence, the University has progressed satisfactorily and doing well in the midst of constraints of different sorts. This has been possible because of futuristic vision about higher education of the personalities who adored the chair of Vice-Chancellor of this University. Their determination and dedication helped a lot in progress of this University.
nagpur university be time table 2010
nagpur university be time table 2010
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technology:-Apple Tablet: computer giant's hits and misses
Apple Tablet: computer giant's hits and misses
With Apple announcing record £2 billion profits in the last quarter and excitement surrounding Wednesday's new product announcement reaching fever pitch, it is hard to imagine the US computer giant failing.
No pictures of the Apple tablet have been leaked, so gadget fans are having to make do with high-tech mock-ups Photo: Gizmodo
But here is a look back at some of Apple's previous product launches, some of which did not hit the mark. 
:: Introduced in 1977, the Apple II was one of the first successful mass-produced personal computers. Selling more than five million units throughout its long production run, the Apple II is often credited as the machine which made Apple a commercial success. In 1989 the Macintosh Portable was Apple's first laptop. Featuring 1MB of RAM, a black and white LCD screen and full keyboard, the machine opened up the reality of business on the move. Unfortunately its lead acid batteries were so heavy the Macintosh Portable tipped the scales at more than 7kg.
:: The Macintosh LC (standing for low cost) was an affordable computer designed for the home and schools. Launched in 1990, the colour-capable machine won over consumers with its affordability, simple design and ease of use.
:: Released in the early 1990s the Newton MessagePad shared many of the design principles of today's tablet PCs. This personal digital assistant is still regarded by its loyal fans as the grandfather of the iPhone. However, consumers complained that its handwriting recognition system was unreliable and a high price tag ultimately sealed its fate. It was discontinued in 1998.
:: In 1995 Apple attempted to grab a slice of the lucrative console gaming market with its Pippin, boasting multiplayer modem gaming and a CD-ROM drive. But the Pippin's timing was poor – it arrived just after Sony's PlayStation – and in the end fewer than 50,000 were sold, while Sony sold more than 102 million units.
:: The colourful iMac – available in a rainbow of translucent plastic – captured consumers' imaginations in 1998. The original "Bondi blue" iMac became a design classic and Apple's marketing began to show its product as the fun alternative to the predominantly grey PCs of the time.
:: Cyberdog was Apple's solution to Internet Explorer. The sophisticated web browser featured email, news readers and drag-and-drop FTP. But in 1997, Apple abandoned the software and Internet Explorer became its default browser until the arrival of Safari in 2003.
:: In 2001 Apple launched the iPod. The portable media player rocketed Apple to its position today as one of the world's most important consumer electronics manufacturers. With more than 220 million sales and counting – including 21 million in the last quarter alone – the iPod in its many guises continues to dominate the market.
:: After the sales phenomenon of the iPod, the iPhone took the baton in 2007. Reinventing the mobile phone, Apple combined a music and video player, a camera, an internet browser and created the profitable market for downloadable apps. In the last quarter Apple sold 8.7 million iPhones, representing a 100% growth over the same period last year.
:: What next for Apple? At 6pm (GMT) today Apple will hold a press conference from its base in San Francisco, California, where it is expected to showcase its new iTablet computer – rumoured to be a slate-shaped touch-screen device with the power of a laptop combined with the portability of a smartphone. Apple's CEO Steve Jobs said: "The new products we are planning to release this year are very strong, starting this week with a major new product that we're really excited about."
business: Edelweiss Capital in deal to buy Anagram Capital
MUMBAI: Broking services firm Edelweiss Capital Ltd said on Wednesday it has signed an agreement to acquire Anagram Capital for 1.64 billion
rupees in an all-cash deal.
Edelweiss plans to operate Anagram as a subsidiary with investments in research, products, training and technology, it said in a press release to the National Stock Exchange.
"This acquisition is in sync with Edelweiss' plan to expand the retail broking business. What makes this transaction exciting is the minimal overlap between the broking operations of both the companies," Rashesh Shah, chairman, Edelweiss Group said.
rupees in an all-cash deal.
Edelweiss plans to operate Anagram as a subsidiary with investments in research, products, training and technology, it said in a press release to the National Stock Exchange.
"This acquisition is in sync with Edelweiss' plan to expand the retail broking business. What makes this transaction exciting is the minimal overlap between the broking operations of both the companies," Rashesh Shah, chairman, Edelweiss Group said.
business: Bank of Baroda Q3 net up 18%
Bank Of Baroda today reported a 17.5 per cent jump in its net profit at Rs 832.49 crore for the third quarter ended December 31, 2009.
The company had a net profit of Rs 708.37 crore in the December quarter of FY09, Bank Of Baroda said in a filing to the Bombay Stock Exchange (BSE).
Total income, however, decreased 2.3 per cent to Rs 4,836.62 crore in the third quarter from Rs 4,954.49 crore in the corresponding period a year-ago.
The stock is now trading with 1% loss at Rs 528 on the BSE.
The company had a net profit of Rs 708.37 crore in the December quarter of FY09, Bank Of Baroda said in a filing to the Bombay Stock Exchange (BSE).
Total income, however, decreased 2.3 per cent to Rs 4,836.62 crore in the third quarter from Rs 4,954.49 crore in the corresponding period a year-ago.
The stock is now trading with 1% loss at Rs 528 on the BSE.
business:Worst is over; bumps, opportunity go together: Premji
Davos, Jan 27 (PTI) The outlook for global economy has turned positive this year and the worst is over even though the road ahead is full of challenges, Wipro Chairman and a co-Chair of the World Economic Forum Azim Premji has said.
"Last 12-18 months have been very difficult for the global economy. However, I think the worst is over, 2010 looks positive," Premji said in his message to the global business and government leaders for the annual WEF meeting here.
The road to recovery, however, would vary in different economies, he said. "While the mature economies are taking time, the emerging economies like India, Brazil and China have already started to show smart growth recovery.
"Last 12-18 months have been very difficult for the global economy. However, I think the worst is over, 2010 looks positive," Premji said in his message to the global business and government leaders for the annual WEF meeting here.
The road to recovery, however, would vary in different economies, he said. "While the mature economies are taking time, the emerging economies like India, Brazil and China have already started to show smart growth recovery.
business:Sensex down 400 pts; realty, metal, auto, banks down
At 13.10 hrs IST, Sensex was trading down close to 400 points. Heavy selling was seen in realty, metal, auto, banks, capital goods and pharma stocks. All BSE sectoral indices were trading in red. The broader market lost further ground. BSE Midcap and Smallcap index were down 3% and 3.54% respectively.
The BSE Sensex was down 396.82 points or 2.36% at 16383.64, and the Nifty down 133.25 points or 2.66% at 4874.65. About 498 shares advanced while 2,443 shares declined and 187 shares were unchanged.
In the largecap space, ITC, Power Grid Corp, Suzlon Energy and Tata Power were only gainers in the Nifty. On the losing side, Mahindra and Mahindra, Tata Steel, DLF, Unitech and Tata Motors were down 5-6%.
FMCG major Hindustan Lever was trading at Rs 261.00 down 1.08% from its previous close of Rs 263.85. Index heavyweight Reliance was trading at Rs 1,025.70 down 1.54% from its previous close of Rs 1,041.70. Tech major Infosys was trading at Rs 2,510.15 down 1.09% from its previous close of Rs 2,537.85.op gainers on the BSE Midcap: Cadila Healthcare, Cummins, OnMobile Global, Torrent Pharma and GlaxoSmith Con were up 2.7-7%. Top losers on the BSE Midcap: Guj NRE Coke, Emami, Hind Oil Explor, Indiabulls Real and Kingfisher Airlines were down 7-8.5%.
Top gainers on the BSE Smallcap: Amtek India, Modern India, OCL Iron, Centrum Finance and Ahmednagar Forging were up 4-9%.
Top losers on the BSE Smallcap: VST Tillers, Nirlon, Orbit Corporation, Mount Everest and Kewal Kiran were down 9-10%. Nifty hits 4900; M&M, Tata Motors, Hindalco top losers
At 12:03 hours IST, the benchmark Nifty has tested the 4900 mark on the back of further sell-off in banking, realty, auto, technology and metal stocks. However, ITC, Power Grid, Suzlon Energy and Tata Power were the only losers. he Nifty touched an intraday low of 4899.15. It was trading at 4,900, down 108 points and the Sensex was at 16,443, down 336 points.
On the sectoral front, BSE Realty, Auto, Metal and Bank indices fell 3-4%. Healthcare, IT, Capital Goods, TECk and Power indices lost 1-2%.
Ambareesh Baliga of Karvy Stock Broking sees the Nifty heading to around 4,800-4,825. "If it consolidates there, then one can take it as a positive signal. But in case it does not stop there, then it could go deeper."
In the banking space, ICICI Bank was down 4.25% and SBI down 3.92%. Axis Bank, Kotak Mahindra, PNB, HDFC Bank and Bank of Baroda fell 1.5-3.5%.
M&M tumbled 6% (top loser) in the auto segment. Tata Motors, Ashok Leyland and Hero Honda were down 4-4.6%. Maruti Suzuki, Bharat Forge and Bajaj Auto lost 2-3%.
In the realty space, Indiabulls Real slipped 6.64%. DLF, HDIL and Unitech declined 3-3.6%.
Tata Steel, Hindalco and Sesa Goa plunged 4-4.6% in the metal segment. SAIL, Hindustan Zinc, Sterlite Industries, Jindal Saw, NALCO and Jindal Steel lost 1.7-3.7%.
The broader indices also declined in-line with benchmark indices; the BSE Midcap was down 1.7% and Smallcap down 2.1%.
Sensex slips further; financials, metals, auto drag
At 10:29 hours IST - the benchmark Sensex remained under pressure, on the back of selling in banking & financial, realty, metal, auto, technology, capital goods and pharma stocks. L&T, HUL and ONGC were also the losers in trade. The Nifty was hovering around the 4950 level.
However, buying in power stocks along with Reliance Industries, ITC and Reliance Communications capped the losses to major extent.
The Sensex was trading at 16,607, down 172 points and the Nifty was at 4,952, down 55 points. The Nifty January future was trading with 5 points discount.
Shankar Sharma, Vice-Chairman and Joint Managing Director, First Global says the Sensex can touch 12,000-12,500 in the first half of 2010. "We expect markets to claw back before the budget. It can recover to 17,000 in the second-half."
Top losers in the largecaps - Hero Honda, M&M, SBI, Tata Steel and Tata Motors fell 3-4%. However, Suzlon Energy was up 1.9% and Power Grid Corp up 1.56%. Reliance Communications, ITC, Reliance Industries and Tata Power gained 0.2-1%.
The BSE broader indices were down 0.8% each, as about 980 shares advanced while 1897 shares declined. Nearly 251 shares were unchanged.
Lanco Infratech has bagged order of Rs 5,675 crore. The stock was up just 0.5%.
Edelweiss Capital rose 2.6%, as it is going to buy Anagram Capital for Rs 164 crore in cash.
Jaiprakash Power Ventures launched USD 200 million FCCB issue. The stock was down 1%.
Jai Corp, SBI, Tata Steel, Hindustan Copper, National Fertiliser, ICICI Bank and Reliance Industries were the most active shares on the bourses.
In the midcap space, OnMobile Global, Cummins, Cadila Health, Jai Corp and Godrej Industries were up 4-6% while Voltas, Ipca Labs, Emami, KGN Industries and Oriental Bank lost 5-6%.
In the smallcap space, Sanwaria Agro, Hinduja Foundries, Centrum Finance, EIH Associated Hotel and Escorts went up 4-6.7% while Mount Everest, Gujarat Alkalies, Sundaram-Clayton, Nirlon and Lok Housing fell 5-6.7%.
On the global front, Asian markets were trading mixed. Hang Seng was up 0.5% and Straits Times up 0.34%. However, Kospi fell 0.5%. Shanghai, Nikkei and Taiwan were marginally in the red.
Nifty tests 4950 on China & Japan worries; banks slip
The Nifty started the day lower reacting to the Tuesday's weak Asian markets. China closed at its lowest close in nearly three months yesterday after it implemented a previously ordered increase in reserve requirements for some banks. Yesterday, local markets were closed on account of Republic Day.
Asia is trading mixed today. China was trading below 3,000 for the first time since November 2, 2009.
The Nifty tested the 4950 in opening trade, but immediately retraced. The SGX Nifty was down over 1.5% in early trade.
At 9:02 hours IST, the Nifty was trading at 4,958, down 49 points and the Sensex was at 16,626, down 155 points. The CNX Midcap fell 38 points to 7,334 and the BSE Smallcap was down 24 points to 8,559. About 216 shares advanced while 543 shares declined on the NSE.
Among the frontliners, ICICI Bank, HCL Tech, Maruti, SAIL, Jaiprakash Associates, Unitech, DLF (ahead of numbers), L&T and BHEL were the losers in the early trade.
HUL, Hindalco, SBI and Sterlite Industries were down 1.5-2% on disappointing set of numbers.
However, ITC, Reliance Communications, NTPC and Bharti Airtel were the gainers.
Midcap & Smallcap space:
Gujarat NRE Coke was up 1.3%.
However, RCF and National Fertiliser declined.
Shree Renuka Sugar fell 0.5%.
TTML lost 2% on weak numbers
Pantaloon rose 2.5% and Cadila Healthcare gained 3%.
Global cues:
Asian markets were trading mixed. Shanghai was down 0.8% and Kospi fell 0.13%. However, Hang Seng, Nikkei, Straits Times and Taiwan were up 0.2-0.7%.
The US markets ended off day's high on reports that Senate has scheduled a hearing on President Obama's bank proposal next week.
The Dow Jones Industrial Average ended down 2.5 points at 10,194, came off 90 points from day's high of 10,285. ((Dow Jones was up 23 points, NASDAQ up 5 points, S&P 500 up 5 points on Monday)).
The Nasdaq ended down 7 points at 2204, came off 24 points from day's high of 2228. The S&P 500 ended down 4.6 points at 1092, which came off 12 points from day's high of 1104.
Asian markets on Tuesday
Asian markets were down 2-4% on Tuesday on China & Japan worries.
China implemented a previously ordered increase in reserve requirements for some banks.
There were talks that policymakers may take more aggressive action soon.
Japan's sovereign debt was put on a negative outlook from Standard & Poor's.
Commodity:
Crude oil was down 0.7% at USD 74.7/bbl, hit a low of $73.82/bbl
Gold futures ended marginally higher at $1098.3/ounce, recovers from low of $1085.2.
March silver was down 1.7% at $16.86/ounce.
Market cues:
-FIIs net sell USD 446 million on January 25
-Turnover at Rs 92202 crore versus Rs 159,665 crore on Friday
-Total F&O Open Int up by Rs 1230 crore at Rs 1,26,162 crore
-FIIs net sell Rs 1002 crore in cash on January 25 (Prov)
-DIIs net buy Rs 716 crore in cash on January 25 (Prov)
-FIIs net buy Rs 15 crore in F&O on January 25 (Prov)
F&O cues:
-Total Futures Open Int up by Rs 103 crore
-Total Options Open Int up by Rs 1,127 crore
-Stock Futures add 56.7 lakh shrs in Open Int
-Nifty Calls add 17.1 lakh shrs
-Nifty Puts adds 4.2 lakh shrs in Open Int
-Nifty PCR at 1.01 versus 1.04
-Nifty Futures add 6.2 lakh shrs
-Nifty Futures at a 6-pt disc versus 17-pt disc
-Nifty 5000 Put adds 5.5 lakh shrs in Open Int
-Nifty Feb 5200 Call adds 4.6 lakh shrs in Open Int
-Nifty 5200 Call adds 4 lakh shrs in Open Int
-Nifty 5100 Put sheds 8.3 lakh shrs in Open Int
The BSE Sensex was down 396.82 points or 2.36% at 16383.64, and the Nifty down 133.25 points or 2.66% at 4874.65. About 498 shares advanced while 2,443 shares declined and 187 shares were unchanged.
In the largecap space, ITC, Power Grid Corp, Suzlon Energy and Tata Power were only gainers in the Nifty. On the losing side, Mahindra and Mahindra, Tata Steel, DLF, Unitech and Tata Motors were down 5-6%.
FMCG major Hindustan Lever was trading at Rs 261.00 down 1.08% from its previous close of Rs 263.85. Index heavyweight Reliance was trading at Rs 1,025.70 down 1.54% from its previous close of Rs 1,041.70. Tech major Infosys was trading at Rs 2,510.15 down 1.09% from its previous close of Rs 2,537.85.op gainers on the BSE Midcap: Cadila Healthcare, Cummins, OnMobile Global, Torrent Pharma and GlaxoSmith Con were up 2.7-7%. Top losers on the BSE Midcap: Guj NRE Coke, Emami, Hind Oil Explor, Indiabulls Real and Kingfisher Airlines were down 7-8.5%.
Top gainers on the BSE Smallcap: Amtek India, Modern India, OCL Iron, Centrum Finance and Ahmednagar Forging were up 4-9%.
Top losers on the BSE Smallcap: VST Tillers, Nirlon, Orbit Corporation, Mount Everest and Kewal Kiran were down 9-10%. Nifty hits 4900; M&M, Tata Motors, Hindalco top losers
At 12:03 hours IST, the benchmark Nifty has tested the 4900 mark on the back of further sell-off in banking, realty, auto, technology and metal stocks. However, ITC, Power Grid, Suzlon Energy and Tata Power were the only losers. he Nifty touched an intraday low of 4899.15. It was trading at 4,900, down 108 points and the Sensex was at 16,443, down 336 points.
On the sectoral front, BSE Realty, Auto, Metal and Bank indices fell 3-4%. Healthcare, IT, Capital Goods, TECk and Power indices lost 1-2%.
Ambareesh Baliga of Karvy Stock Broking sees the Nifty heading to around 4,800-4,825. "If it consolidates there, then one can take it as a positive signal. But in case it does not stop there, then it could go deeper."
In the banking space, ICICI Bank was down 4.25% and SBI down 3.92%. Axis Bank, Kotak Mahindra, PNB, HDFC Bank and Bank of Baroda fell 1.5-3.5%.
M&M tumbled 6% (top loser) in the auto segment. Tata Motors, Ashok Leyland and Hero Honda were down 4-4.6%. Maruti Suzuki, Bharat Forge and Bajaj Auto lost 2-3%.
In the realty space, Indiabulls Real slipped 6.64%. DLF, HDIL and Unitech declined 3-3.6%.
Tata Steel, Hindalco and Sesa Goa plunged 4-4.6% in the metal segment. SAIL, Hindustan Zinc, Sterlite Industries, Jindal Saw, NALCO and Jindal Steel lost 1.7-3.7%.
The broader indices also declined in-line with benchmark indices; the BSE Midcap was down 1.7% and Smallcap down 2.1%.
Sensex slips further; financials, metals, auto drag
At 10:29 hours IST - the benchmark Sensex remained under pressure, on the back of selling in banking & financial, realty, metal, auto, technology, capital goods and pharma stocks. L&T, HUL and ONGC were also the losers in trade. The Nifty was hovering around the 4950 level.
However, buying in power stocks along with Reliance Industries, ITC and Reliance Communications capped the losses to major extent.
The Sensex was trading at 16,607, down 172 points and the Nifty was at 4,952, down 55 points. The Nifty January future was trading with 5 points discount.
Shankar Sharma, Vice-Chairman and Joint Managing Director, First Global says the Sensex can touch 12,000-12,500 in the first half of 2010. "We expect markets to claw back before the budget. It can recover to 17,000 in the second-half."
Top losers in the largecaps - Hero Honda, M&M, SBI, Tata Steel and Tata Motors fell 3-4%. However, Suzlon Energy was up 1.9% and Power Grid Corp up 1.56%. Reliance Communications, ITC, Reliance Industries and Tata Power gained 0.2-1%.
The BSE broader indices were down 0.8% each, as about 980 shares advanced while 1897 shares declined. Nearly 251 shares were unchanged.
Lanco Infratech has bagged order of Rs 5,675 crore. The stock was up just 0.5%.
Edelweiss Capital rose 2.6%, as it is going to buy Anagram Capital for Rs 164 crore in cash.
Jaiprakash Power Ventures launched USD 200 million FCCB issue. The stock was down 1%.
Jai Corp, SBI, Tata Steel, Hindustan Copper, National Fertiliser, ICICI Bank and Reliance Industries were the most active shares on the bourses.
In the midcap space, OnMobile Global, Cummins, Cadila Health, Jai Corp and Godrej Industries were up 4-6% while Voltas, Ipca Labs, Emami, KGN Industries and Oriental Bank lost 5-6%.
In the smallcap space, Sanwaria Agro, Hinduja Foundries, Centrum Finance, EIH Associated Hotel and Escorts went up 4-6.7% while Mount Everest, Gujarat Alkalies, Sundaram-Clayton, Nirlon and Lok Housing fell 5-6.7%.
On the global front, Asian markets were trading mixed. Hang Seng was up 0.5% and Straits Times up 0.34%. However, Kospi fell 0.5%. Shanghai, Nikkei and Taiwan were marginally in the red.
Nifty tests 4950 on China & Japan worries; banks slip
The Nifty started the day lower reacting to the Tuesday's weak Asian markets. China closed at its lowest close in nearly three months yesterday after it implemented a previously ordered increase in reserve requirements for some banks. Yesterday, local markets were closed on account of Republic Day.
Asia is trading mixed today. China was trading below 3,000 for the first time since November 2, 2009.
The Nifty tested the 4950 in opening trade, but immediately retraced. The SGX Nifty was down over 1.5% in early trade.
At 9:02 hours IST, the Nifty was trading at 4,958, down 49 points and the Sensex was at 16,626, down 155 points. The CNX Midcap fell 38 points to 7,334 and the BSE Smallcap was down 24 points to 8,559. About 216 shares advanced while 543 shares declined on the NSE.
Among the frontliners, ICICI Bank, HCL Tech, Maruti, SAIL, Jaiprakash Associates, Unitech, DLF (ahead of numbers), L&T and BHEL were the losers in the early trade.
HUL, Hindalco, SBI and Sterlite Industries were down 1.5-2% on disappointing set of numbers.
However, ITC, Reliance Communications, NTPC and Bharti Airtel were the gainers.
Midcap & Smallcap space:
Gujarat NRE Coke was up 1.3%.
However, RCF and National Fertiliser declined.
Shree Renuka Sugar fell 0.5%.
TTML lost 2% on weak numbers
Pantaloon rose 2.5% and Cadila Healthcare gained 3%.
Global cues:
Asian markets were trading mixed. Shanghai was down 0.8% and Kospi fell 0.13%. However, Hang Seng, Nikkei, Straits Times and Taiwan were up 0.2-0.7%.
The US markets ended off day's high on reports that Senate has scheduled a hearing on President Obama's bank proposal next week.
The Dow Jones Industrial Average ended down 2.5 points at 10,194, came off 90 points from day's high of 10,285. ((Dow Jones was up 23 points, NASDAQ up 5 points, S&P 500 up 5 points on Monday)).
The Nasdaq ended down 7 points at 2204, came off 24 points from day's high of 2228. The S&P 500 ended down 4.6 points at 1092, which came off 12 points from day's high of 1104.
Asian markets on Tuesday
Asian markets were down 2-4% on Tuesday on China & Japan worries.
China implemented a previously ordered increase in reserve requirements for some banks.
There were talks that policymakers may take more aggressive action soon.
Japan's sovereign debt was put on a negative outlook from Standard & Poor's.
Commodity:
Crude oil was down 0.7% at USD 74.7/bbl, hit a low of $73.82/bbl
Gold futures ended marginally higher at $1098.3/ounce, recovers from low of $1085.2.
March silver was down 1.7% at $16.86/ounce.
Market cues:
-FIIs net sell USD 446 million on January 25
-Turnover at Rs 92202 crore versus Rs 159,665 crore on Friday
-Total F&O Open Int up by Rs 1230 crore at Rs 1,26,162 crore
-FIIs net sell Rs 1002 crore in cash on January 25 (Prov)
-DIIs net buy Rs 716 crore in cash on January 25 (Prov)
-FIIs net buy Rs 15 crore in F&O on January 25 (Prov)
F&O cues:
-Total Futures Open Int up by Rs 103 crore
-Total Options Open Int up by Rs 1,127 crore
-Stock Futures add 56.7 lakh shrs in Open Int
-Nifty Calls add 17.1 lakh shrs
-Nifty Puts adds 4.2 lakh shrs in Open Int
-Nifty PCR at 1.01 versus 1.04
-Nifty Futures add 6.2 lakh shrs
-Nifty Futures at a 6-pt disc versus 17-pt disc
-Nifty 5000 Put adds 5.5 lakh shrs in Open Int
-Nifty Feb 5200 Call adds 4.6 lakh shrs in Open Int
-Nifty 5200 Call adds 4 lakh shrs in Open Int
-Nifty 5100 Put sheds 8.3 lakh shrs in Open Int
world news:Smallest Survivors Pose One of Biggest Problems
PORT-AU-PRINCE, Haiti (AP) -- The smallest survivors of Haiti's catastrophic earthquake are growing into one of the biggest problems in its aftermath.
Many of the countless thousands of children scattered among Port-au-Prince's makeshift camps of homeless have nobody to care for them, aid workers say, leaving them without protection against disease, child predators and other risks.
''They are extremely vulnerable,'' said Kate Conradt, a spokeswoman for the aid group Save the Children.
She said U.N. experts estimate there may be 1 million unaccompanied or orphaned children or youngsters who lost at least one parent in the Jan. 12 quake.
Some young Haitians are even being released from hospitals with no one to care for them -- there just aren't enough beds for them.
''Health workers are being advised to monitor and send separated/unaccompanied children to child-friendly spaces,'' the U.N. humanitarian office said in its latest situation report.
The U.N. children's agency, UNICEF, along with Save the Children and the Red Cross, has begun registering at-risk children and has identified three interim care centers at orphanages where they can be temporarily sheltered, said Bo Viktor Nylund, a senior UNICEF adviser for child protection.
The Connecticut-based Save the Children, meanwhile, has set up ''Child Spaces'' in 13 makeshift settlements. And the three agencies are working to reunite families, by creating a joint database of separated family members.
''This is just the begining of the exercise,'' Nylund said. ''Considering the number of people who died in the earthquake, we are expecting children in the thousands who have lost their parents.''
The plight of the young is especially poignant even in a country where the U.N. estimates one-third of the 9 million people need international assistance.
The needs are evident in Port-au-Prince's streets, alleys and crumbled doorways, where handwritten messages beg for help. In the Juvenat neighborhood, a group of 50 families scrawled in green on a white sheet hung from a doorway: ''We need food assistance, water and medicine.''
It was evident Tuesday, too, among thousands of people pressing against the gates of a food-distribution site in the Cite Soleil slum, where Haitian police swung sticks to beat back the crowd.
Near the quake-devastated National Palace, Brazilian troops in the U.N. peacekeeping mission occasionally fired pepper spray or pointed their guns at people to control a tightly packed, jostling line of Haitians waiting for food.
Thomas Louis, 40, who was trying to get rice and oil for his two babies, said Haitians appreciated the foreign help, but he complained about the lack of organization. ''This is anarchy. This is not aid. This is a way to put people down.''
The monumental scale of the Haiti disaster -- perhaps 200,000 dead, a capital city on its knees -- has severely strained the world's ability to get relief supplies through Port-au-Prince's overloaded airport and crippled seaport.
Some 800 to 1,000 aid flights were still awaiting permission to land, a seven-day backlog, U.N. and European officials said Tuesday. John Holmes, U.N. humanitarian coordinator, estimated 2 million people need food, but only 500,000 have received some so far.
The medical picture has improved, but remains critical. World Health Organization spokesman Paul Garwood said more medical staff were needed, especially rehabilitation specialists, to help with postoperative recovery of 200,000 people who have had amputations or other surgery.
Haitian and volunteer staff from dozens of countries work around the clock. In some hospitals, they are still performing up to 100 amputations a day.
At Port-au-Prince's General Hospital, Haitian-born pediatrician Winston Price, a volunteer from New York, was caring for some 80 children in four tents on the hospital grounds. A handful had been brought in with no clues to their families. Price could only wonder.
''Maybe some of these parents are not even looking because their house was destroyed and they might think the kid was inside,'' he said. ''But maybe the kid was pulled out, so they are missing each other.''
Children left alone are everywhere. At one of the 13 Save the Children sites, about 25 children have no adult relatives taking care of them, Conradt said. She said the group has helped some 6,000 children since the quake.
The aid group's ''Child Spaces'' are cordoned-off areas where children can play under supervision, ''run around being children, giving them a chance to return to normalcy as much as they can,'' she said.
Such areas also protect children against the potential for abduction by child traffickers, a chronic problem in pre-quake Haiti, where thousands were handed over to other families into lives of domestic servitude, said Deb Barry, an emergency protection adviser with Save the Children.
She said her organization is working to track down every rumor it hears about threats to stranded children, ''but we haven't been able to verify those thus far.''
In Geneva, a UNICEF spokeswoman, Veronique Taveau, said the organization had been told of children disappearing from hospitals. ''It's difficult to establish the reality,'' she said, but added that UNICEF has strengthened security at hospitals and orphanages.
Government spokeswoman Marie Laurence Jocelyn-Lassegue, the communications minister, said Tuesday that Haitian officials have temporarily halted new adoptions because of concerns about corruption and carelessness in the system.
''Some children we don't know if the parents are alive or not,'' Jocelyn-Lassegue said.
------
Associated Press writers contributing to this story included Michelle Faul and Jonathan M. Katz in Port-au-Prince, and Frank Jordans in Geneva.
Many of the countless thousands of children scattered among Port-au-Prince's makeshift camps of homeless have nobody to care for them, aid workers say, leaving them without protection against disease, child predators and other risks.
''They are extremely vulnerable,'' said Kate Conradt, a spokeswoman for the aid group Save the Children.
She said U.N. experts estimate there may be 1 million unaccompanied or orphaned children or youngsters who lost at least one parent in the Jan. 12 quake.
Some young Haitians are even being released from hospitals with no one to care for them -- there just aren't enough beds for them.
''Health workers are being advised to monitor and send separated/unaccompanied children to child-friendly spaces,'' the U.N. humanitarian office said in its latest situation report.
The U.N. children's agency, UNICEF, along with Save the Children and the Red Cross, has begun registering at-risk children and has identified three interim care centers at orphanages where they can be temporarily sheltered, said Bo Viktor Nylund, a senior UNICEF adviser for child protection.
The Connecticut-based Save the Children, meanwhile, has set up ''Child Spaces'' in 13 makeshift settlements. And the three agencies are working to reunite families, by creating a joint database of separated family members.
''This is just the begining of the exercise,'' Nylund said. ''Considering the number of people who died in the earthquake, we are expecting children in the thousands who have lost their parents.''
The plight of the young is especially poignant even in a country where the U.N. estimates one-third of the 9 million people need international assistance.
The needs are evident in Port-au-Prince's streets, alleys and crumbled doorways, where handwritten messages beg for help. In the Juvenat neighborhood, a group of 50 families scrawled in green on a white sheet hung from a doorway: ''We need food assistance, water and medicine.''
It was evident Tuesday, too, among thousands of people pressing against the gates of a food-distribution site in the Cite Soleil slum, where Haitian police swung sticks to beat back the crowd.
Near the quake-devastated National Palace, Brazilian troops in the U.N. peacekeeping mission occasionally fired pepper spray or pointed their guns at people to control a tightly packed, jostling line of Haitians waiting for food.
Thomas Louis, 40, who was trying to get rice and oil for his two babies, said Haitians appreciated the foreign help, but he complained about the lack of organization. ''This is anarchy. This is not aid. This is a way to put people down.''
The monumental scale of the Haiti disaster -- perhaps 200,000 dead, a capital city on its knees -- has severely strained the world's ability to get relief supplies through Port-au-Prince's overloaded airport and crippled seaport.
Some 800 to 1,000 aid flights were still awaiting permission to land, a seven-day backlog, U.N. and European officials said Tuesday. John Holmes, U.N. humanitarian coordinator, estimated 2 million people need food, but only 500,000 have received some so far.
The medical picture has improved, but remains critical. World Health Organization spokesman Paul Garwood said more medical staff were needed, especially rehabilitation specialists, to help with postoperative recovery of 200,000 people who have had amputations or other surgery.
Haitian and volunteer staff from dozens of countries work around the clock. In some hospitals, they are still performing up to 100 amputations a day.
At Port-au-Prince's General Hospital, Haitian-born pediatrician Winston Price, a volunteer from New York, was caring for some 80 children in four tents on the hospital grounds. A handful had been brought in with no clues to their families. Price could only wonder.
''Maybe some of these parents are not even looking because their house was destroyed and they might think the kid was inside,'' he said. ''But maybe the kid was pulled out, so they are missing each other.''
Children left alone are everywhere. At one of the 13 Save the Children sites, about 25 children have no adult relatives taking care of them, Conradt said. She said the group has helped some 6,000 children since the quake.
The aid group's ''Child Spaces'' are cordoned-off areas where children can play under supervision, ''run around being children, giving them a chance to return to normalcy as much as they can,'' she said.
Such areas also protect children against the potential for abduction by child traffickers, a chronic problem in pre-quake Haiti, where thousands were handed over to other families into lives of domestic servitude, said Deb Barry, an emergency protection adviser with Save the Children.
She said her organization is working to track down every rumor it hears about threats to stranded children, ''but we haven't been able to verify those thus far.''
In Geneva, a UNICEF spokeswoman, Veronique Taveau, said the organization had been told of children disappearing from hospitals. ''It's difficult to establish the reality,'' she said, but added that UNICEF has strengthened security at hospitals and orphanages.
Government spokeswoman Marie Laurence Jocelyn-Lassegue, the communications minister, said Tuesday that Haitian officials have temporarily halted new adoptions because of concerns about corruption and carelessness in the system.
''Some children we don't know if the parents are alive or not,'' Jocelyn-Lassegue said.
------
Associated Press writers contributing to this story included Michelle Faul and Jonathan M. Katz in Port-au-Prince, and Frank Jordans in Geneva.
world news:Seoul shares hit 7-week closing low; LG Elec down
KOSPI down for a fourth session
* N.Korea reports briefly shake markets
* LG Elec falls despite solid Q4 results, cautious outook
(Updates to close)
By Jungyoun Park
SEOUL, Jan 27 (Reuters) - Seoul shares posted their lowest close in seven weeks on Wednesday, with sentiment pressured by reports North and South Korea had exchanged artillery fire, and LG Elec (066570.KS) falling despite solid quarterly global profit figures.
Investors were briefly disturbed by news that South Korea had returned fire after North Korea shot several artillery rounds into waters near a disputed sea border with the South, but markets quickly trimmed earlier losses.[ID:nTOE60Q01B]
"Market sentiment was momentarily shaken by the North Korea reports, as they came when shares was already pressured with continuing worries about China's monetary tightening moves and signals of U.S. curbs on banks," said Hwang Chang-joong, head of investment strategy at Woori Investment & Securities.
"But the North Korea factor is, as usual, a short-term negative. Today's events were relatively benign compared to say, a missile launch," said Hwang added.
The Korea Composite Stock Price Index (KOSPI) finished down 0.72 percent to 1,625.48 points, the lowest close since December 4, 2009 and below its 120-day moving average near 1,630 points.
Shares in LG Electronics (066570.KS) fell 1.85 percent to 106,000 won despite posting the firm posting a higher-than-expected quarterly operating profit as strong flat-screen TV sales offset sluggish earnings from mobile phones.[ID:nSEF000047]
"The figures came out better than the market consensus but mainly due to its TV business rather than its handset unit," said Yoo Jong-woo, an analyst at Korea Investment & Securities.
"Worries about its phone business, particularly its smartphone business, persist, and I do not see that changing unless LG Electronics unrolls a more attractive smartphone lineup," Yoo added.
Other technology exporters also declined as market sentiment continued to weaken.
Samsung Electronics (005930.KS), the world's No. 1 memory chip maker, fell 1.84 percent, and Hynix Semiconductor (000660.KS), the world's No. 2, declined 1.48 percent.
Shares in KB Financial Group (105560.KS) (KB.N) fell to a six -month low on concerns that the government might be exerting a greater influence over its day-to-day management.
The worries were sparked after the Chosun Ilbo newspaper reported on Wednesday that more than four non-executive board members at KB Financial, the parent firm of top domestic bank Kookmin, were expected to step down, citing an unnamed KB senior official.
The report came after South Korea announced a plan on Monday to tighten rules on non-executive boards of banks. [ID:nTOE60O02K]
KB Financial spokesman Kim Tae-hyun said it had not been informed of the board members' resignations.
An analyst at a domestic brokerage said the report fuelled speculation that the government could step up intervention in the banking group, which could be seen as a risk to investors.
Shares in KB lost 4.15 percent to 49,650 won, the lowest close since mid-July, 2009.
* N.Korea reports briefly shake markets
* LG Elec falls despite solid Q4 results, cautious outook
(Updates to close)
By Jungyoun Park
SEOUL, Jan 27 (Reuters) - Seoul shares posted their lowest close in seven weeks on Wednesday, with sentiment pressured by reports North and South Korea had exchanged artillery fire, and LG Elec (066570.KS) falling despite solid quarterly global profit figures.
Investors were briefly disturbed by news that South Korea had returned fire after North Korea shot several artillery rounds into waters near a disputed sea border with the South, but markets quickly trimmed earlier losses.[ID:nTOE60Q01B]
"Market sentiment was momentarily shaken by the North Korea reports, as they came when shares was already pressured with continuing worries about China's monetary tightening moves and signals of U.S. curbs on banks," said Hwang Chang-joong, head of investment strategy at Woori Investment & Securities.
"But the North Korea factor is, as usual, a short-term negative. Today's events were relatively benign compared to say, a missile launch," said Hwang added.
The Korea Composite Stock Price Index (KOSPI) finished down 0.72 percent to 1,625.48 points, the lowest close since December 4, 2009 and below its 120-day moving average near 1,630 points.
Shares in LG Electronics (066570.KS) fell 1.85 percent to 106,000 won despite posting the firm posting a higher-than-expected quarterly operating profit as strong flat-screen TV sales offset sluggish earnings from mobile phones.[ID:nSEF000047]
"The figures came out better than the market consensus but mainly due to its TV business rather than its handset unit," said Yoo Jong-woo, an analyst at Korea Investment & Securities.
"Worries about its phone business, particularly its smartphone business, persist, and I do not see that changing unless LG Electronics unrolls a more attractive smartphone lineup," Yoo added.
Other technology exporters also declined as market sentiment continued to weaken.
Samsung Electronics (005930.KS), the world's No. 1 memory chip maker, fell 1.84 percent, and Hynix Semiconductor (000660.KS), the world's No. 2, declined 1.48 percent.
Shares in KB Financial Group (105560.KS) (KB.N) fell to a six -month low on concerns that the government might be exerting a greater influence over its day-to-day management.
The worries were sparked after the Chosun Ilbo newspaper reported on Wednesday that more than four non-executive board members at KB Financial, the parent firm of top domestic bank Kookmin, were expected to step down, citing an unnamed KB senior official.
The report came after South Korea announced a plan on Monday to tighten rules on non-executive boards of banks. [ID:nTOE60O02K]
KB Financial spokesman Kim Tae-hyun said it had not been informed of the board members' resignations.
An analyst at a domestic brokerage said the report fuelled speculation that the government could step up intervention in the banking group, which could be seen as a risk to investors.
Shares in KB lost 4.15 percent to 49,650 won, the lowest close since mid-July, 2009.
top news:Obama set to make State of Union address
EIJING, January 27 (Xinhuanet) -- President Barack Obama is set to deliver his State of the Union Address for 2010 at 21:00 ET on W
All the major television news networks are set to air the event which may also be watched online at WhiteHouse.gov. Many news organisations are also providing live commentary and reaction via Twitter.
There are few hints as to what the president will say during his address, but some are suggesting he will focus primarily on the economy.
The LA Times says President Obama is likely to "deliver a game-changing message, one capable of convincing Americans that his policies will create jobs, curb spending and restore prosperity."
With voter discontent over his healthcare overhaul running high and the recession's effects cutting deep, "the president's trademark eloquence may not be the antidote to his troubles," the LA Times says.
However, Obama aides said the economy would not be his only topic. He plans to call for a comprehensive overhaul of the immigration system, they said, and will talk about the need to regulate carbon emissions, which contribute to global warming. The president also will discuss government reform, a senior administration official said, and express concern about the recent Supreme Court decision that opens the way for unlimited political spending by corporations.
Although it is not clear what Obama would have to say about the battle over healthcare, it is believed he will lay out steps meant to change the way Washington does business.
On the eve of his speech, Obama sounded a philosophical note. In an interview with ABC News' Diane Sawyer, he said that he would keep pushing for healthcare and other major items on his agenda, whatever the political cost. "I'd rather be a really good one-term president," he said, "than a mediocre two-term president."
ednesday (02:00 GMT Thursday).
top news:Australia releases dossier on attacks on Indians
The Australian government has released a police dossier of high-profile attacks on Indians over the past year, which shows that nearly half of those arrested since March last year for vicious assaults were less than 18 years old.
The dossier, prepared by Victoria Police, was handed over after Australian Foreign Minister Stephen Smith telephoned Indian External Affairs Minister SM Krishna on Jan 11 to express his condolences over the Jan 2 murder of Indian student Nitin Garg in Melbourne.
It reveals that nearly half of those arrested between March 2009 and Jan 5 were under 18, The Age reported.
The dossier shows that among the 18 high-profile cases, two cases of attack reported in May and June last year remained unsolved.
"The Australian government initially resisted giving more information to Indians as it deemed racial appearance to be a limited indicator of ethnicity because it was only based on a subjective police assessment," The Age quoted sources as saying.
It claimed people described as Indians could have originated from countries such as Mauritius and Fiji.
The dossier goes on to tell that of the 18 cases, two people were run over by a train and there was no foul play. In the remaining cases, 33 people have been arrested.
The revelations come a day after five youths were charged for assaulting two Indian students in Melbourne on Monday night.
The spate of attacks on Indians in Australia has caused an outcry in India. Two of the vicious attacks proved fatal. The assaults have strained relations between Canberra and New Delhi.
The dossier, prepared by Victoria Police, was handed over after Australian Foreign Minister Stephen Smith telephoned Indian External Affairs Minister SM Krishna on Jan 11 to express his condolences over the Jan 2 murder of Indian student Nitin Garg in Melbourne.
It reveals that nearly half of those arrested between March 2009 and Jan 5 were under 18, The Age reported.
The dossier shows that among the 18 high-profile cases, two cases of attack reported in May and June last year remained unsolved.
"The Australian government initially resisted giving more information to Indians as it deemed racial appearance to be a limited indicator of ethnicity because it was only based on a subjective police assessment," The Age quoted sources as saying.
It claimed people described as Indians could have originated from countries such as Mauritius and Fiji.
The dossier goes on to tell that of the 18 cases, two people were run over by a train and there was no foul play. In the remaining cases, 33 people have been arrested.
The revelations come a day after five youths were charged for assaulting two Indian students in Melbourne on Monday night.
The spate of attacks on Indians in Australia has caused an outcry in India. Two of the vicious attacks proved fatal. The assaults have strained relations between Canberra and New Delhi.
top news:Sri Lanka president wins re-election
President Mahinda Rajapaksa has won Sri Lanka's first election since Tamil Tiger rebels were defeated after 25 years of civil war, state TV reports.
Although the final results are yet to be declared, Mr Rajapaksa appears to have won more than half the votes cast. About 100 armed troops have surrounded the Colombo hotel where his election rival, Gen Sarath Fonseka, is staying.
A government spokesman told the BBC they did not intend to hold Gen Fonseka but were looking for army deserters.
The BBC's Anbarasan Ethirajan, who is in the same central Colombo hotel as Gen Fonseka and other opposition leaders, says the troops' presence has created a very tense atmosphere.
A military spokesman said their deployment was a "protective measure".
Udaya Nanayakkara said that some 400 people had gathered near the Cinnamon Lakeside Hotel in the capital.
"We don't know what is their motive and, as a protective measure, we have deployed troops around the hotel, and people who go in and come out are being checked," he said, according to Reuters.
Gen Fonseka said he feared the troops planned to arrest him if he won the election, a claim denied by officials.
With nearly 85% of the vote counted, the Elections Commissioner gave Mr Rajapaksa 4.99 million votes to 3.39 million for his rival, the AFP news agency reports.
Some 70% of the electorate of just over 14 million turned out to vote.
State-run Rupavahini television reported that the incumbent president had won a decisive victory, with a majority of more than 1.8 million votes.
Under Sri Lanka's electoral rules, if no candidate wins 50% of ballots cast in the first count, then voters' second - or even third - preferences are tallied to determine the winner.
The BBC's Charles Haviland, in Colombo, said after early results were announced that Gen Fonseka - who leads a motley group of opposition parties - had failed to split the ethnic Sinhalese vote, meaning that the country's Tamil and Muslim minorities would not necessarily play a decisive part in the poll's outcome.
Our correspondent says there have been widespread allegations - and evidence - of misuse of state resources throughout the campaign.
State TV in particular gave blanket coverage to Mr Rajapaksa, our correspondent says, and his campaign message was also carried on the sides of public buses and in text messages put out on public networks.
Plot-rigging accusation
After a violent and acrimonious campaign, during which four people died and hundreds were wounded, Tuesday's election was largely peaceful.
But there were serious exceptions, especially in the Tamil-populated north.
In the city of Jaffna, the private Centre for Monitoring Election Violence said there were at least six explosions before and just after voting began.
Later there were two blasts in Vavuniya, the town near the huge camps for people displaced by the war. The organisation said it feared this was a systematic attempt to scare people away from voting.
There were also grenade attacks in the Sinhala-dominated centre and south where the fight between the two candidates has been especially bitter, our correspondent says.
It later turned out that Gen Fonseka had not been able to vote because his name was not on the register.
State television put out a barrage of propaganda saying he had no right to be president, our correspondent says. But the Election Commission said there was no legal obstacle to the general assuming the post if he won.
The two men were closely associated with the defeat of the Tamil Tigers last May but fell out soon after. Gen Fonseka quit the military, complaining that he had been sidelined after the war.
The president's side accuses the general of courting separatists. The general has accused the president of plotting vote-rigging and violence, something his rival denies.
Both main candidates have promised voters costly subsidies and public sector pay rises.
However, economists say this will make it hard for the country to meet cost-cutting obligations imposed under the terms of a $2.6bn (£1.6bn) International Monetary Fund loan.
nagpur city
nagpur city
Nagpur, also famous as Orange City, is located in the central part of India, in Maharashtra State.
Nagpur city is linked to Mumbai (former Bombay), New Delhi (Capital of India), Kolkata (former Calcutta) and Chennai (former Madras) via Air, Rail and Road.
Geographically, Maharashtra is located 16.40 N to 22.10 N and 72.60 E to 80.9 E
Nagpur district is located between 21*45 N to 20*30 N and 78*15 E to 79*45 E, which essentially indicates that Nagpur district is located in the Deccan Plateau.
The adjoining districts are : East : Bhandara, South : Chandrapur, West : Amravati and Wardha, North :Boundary with Madhya Pradesh.
nagpur news
nagpur news
top nagpur news
top nagpur news
| nagpur local newspaper | nagpur real estate news | nagpur university blog | dainik lokmat marathi |
BUSINESS NEWS:-Cadbury buyout to help Kraft expand presence in developing mkts
Kraft Foods today said its proposed $19.6-billion acquisition of Cadbury will help the company expand its presence in the developing markets, including India, by leveraging the infrastructure the British candy maker has set up in these markets.
One of the "single biggest opportunities" the company gets from buying Cadbury is that it enables "us to fill out geographical white spaces and put our portfolio of products through Cadbury's infrastructure in markets like India", Kraft Chief Executive Officer Irene Rosenfeld said.
Yesterday, the Illinois-based firm had sealed a deal to buy Cadbury for about $19.6 billion (11.9 billion pounds), ending months of bitter wrangling over the price.
"Together, we will have over 40 brands with revenues of over $100 million," Rosenfeld said, adding the buyout would help Kraft, besides expanding its footprint in developing markets, capitalise on population growth trends and provide scale to invest in infrastructure in key geographies.
The percentage of Kraft's net revenue from developing markets will also increase from 20 per cent to 25 per cent when combined with Cadbury, she said.
"From Kraft Foods' perspective, Cadbury gives us meaningful entry into India," she added.
The deal would enhance Kraft's long-term revenue growth from 4 per cent to over 5 per cent.
The firm, which makes Oreo cookies and Velveeta cheese, expects the deal to close in mid-February.
Through the deal, which would create the world's biggest confectioner, both the companies seek to have leading positions in Brazil, Russia, India, China and Mexico.
The percentage of Kraft Foods net revenue from developing markets will also increase from 20 per cent currently to 25 per cent when combined with Cadbury, she said.
"From a Kraft Foods' perspective Cadbury gives us meangingful entry into India," she added. The deal enhances Kraft's long-term revenue growth from four per cent to over five per cent.
Kraft, the maker of Oreo cookies and Velveeta cheese, expects the deal to close in mid-February. "Kraft Foods and Cadbury have highly complementary geographic footprints," Rosenfeld said.
Importantly, a combination would increase scale for both companies in markets where the two do not have significant presence, she said.
The combined group would also benefit from an improved position across Europe, including in France and Spain.
The company said its strategy going forward would be to focus on becoming a leading snacks, confectionary and quick snacks company and to exit from the lower growth and lower margin businesses.
One of the "single biggest opportunities" the company gets from buying Cadbury is that it enables "us to fill out geographical white spaces and put our portfolio of products through Cadbury's infrastructure in markets like India", Kraft Chief Executive Officer Irene Rosenfeld said.
Yesterday, the Illinois-based firm had sealed a deal to buy Cadbury for about $19.6 billion (11.9 billion pounds), ending months of bitter wrangling over the price.
"Together, we will have over 40 brands with revenues of over $100 million," Rosenfeld said, adding the buyout would help Kraft, besides expanding its footprint in developing markets, capitalise on population growth trends and provide scale to invest in infrastructure in key geographies.
The percentage of Kraft's net revenue from developing markets will also increase from 20 per cent to 25 per cent when combined with Cadbury, she said.
"From Kraft Foods' perspective, Cadbury gives us meaningful entry into India," she added.
The deal would enhance Kraft's long-term revenue growth from 4 per cent to over 5 per cent.
The firm, which makes Oreo cookies and Velveeta cheese, expects the deal to close in mid-February.
Through the deal, which would create the world's biggest confectioner, both the companies seek to have leading positions in Brazil, Russia, India, China and Mexico.
The percentage of Kraft Foods net revenue from developing markets will also increase from 20 per cent currently to 25 per cent when combined with Cadbury, she said.
"From a Kraft Foods' perspective Cadbury gives us meangingful entry into India," she added. The deal enhances Kraft's long-term revenue growth from four per cent to over five per cent.
Kraft, the maker of Oreo cookies and Velveeta cheese, expects the deal to close in mid-February. "Kraft Foods and Cadbury have highly complementary geographic footprints," Rosenfeld said.
Importantly, a combination would increase scale for both companies in markets where the two do not have significant presence, she said.
The combined group would also benefit from an improved position across Europe, including in France and Spain.
The company said its strategy going forward would be to focus on becoming a leading snacks, confectionary and quick snacks company and to exit from the lower growth and lower margin businesses.
BUSINESS NEWS:- Sensex volatile; ONGC, RIL, Wipro, Sterlite, DLF, SBI dip
At 14:23 hours IST, the Sensex was trading marginally lower amid volatility on the back of selling in oil & gas, realty, cement, select pharma, banking, technology and auto stocks. Weak European cues also weighed on the markets.
However, buying in telecom, metal and select capital goods stocks along with NTPC, ICICI Bank, Infosys, Maruti, HDFC, Hero Honda, HUL and Power Grid capped the gains to large extent.
The Nifty was trading at 5,213, down 13 points and the Sensex was at 17,464, down 21 points. The Nifty January future was trading with 8 points discount.
The broader indices were flat; about 1127 shares advanced while 1818 shares declined on the BSE. Nearly 169 shares were unchanged.
ONGC, Reliance Industries, Wipro, DLF, Sterlite, HDFC Bank, SBI and ITC were the negative contributors.
Hindustan Copper, Jai Corp, Havells India, Rashtriya Chemical, Tata Steel, Reliance Industries, ICICI Bank and HDFC were the most active shares on the bourses.
Top percentage gainers - Jai Corp, Hind Rectifiers and Fresenius Kabi were locked at 20% upper circuit each. Vikas WSP, Action Financial, Cera Sanitary and Redington were up 17-19.9%.
In the midcap space, Havells India shot up 16.59%. Coromandel International and KGN Industries gained 5% each. However, MindTree, HMT, Polaris, Praj Industries and Chambal Fertiliser lost 4-7%.
In the smallcap space, Electrotherm, Mount Everest and Visa Steel were up 15% each. However, JK Lakshmi Cement, ABG Infralogistic, Zenith Infotech, Richa Industries and OCL Iron declined 5% each.
However, buying in telecom, metal and select capital goods stocks along with NTPC, ICICI Bank, Infosys, Maruti, HDFC, Hero Honda, HUL and Power Grid capped the gains to large extent.
The Nifty was trading at 5,213, down 13 points and the Sensex was at 17,464, down 21 points. The Nifty January future was trading with 8 points discount.
The broader indices were flat; about 1127 shares advanced while 1818 shares declined on the BSE. Nearly 169 shares were unchanged.
ONGC, Reliance Industries, Wipro, DLF, Sterlite, HDFC Bank, SBI and ITC were the negative contributors.
Hindustan Copper, Jai Corp, Havells India, Rashtriya Chemical, Tata Steel, Reliance Industries, ICICI Bank and HDFC were the most active shares on the bourses.
Top percentage gainers - Jai Corp, Hind Rectifiers and Fresenius Kabi were locked at 20% upper circuit each. Vikas WSP, Action Financial, Cera Sanitary and Redington were up 17-19.9%.
In the midcap space, Havells India shot up 16.59%. Coromandel International and KGN Industries gained 5% each. However, MindTree, HMT, Polaris, Praj Industries and Chambal Fertiliser lost 4-7%.
In the smallcap space, Electrotherm, Mount Everest and Visa Steel were up 15% each. However, JK Lakshmi Cement, ABG Infralogistic, Zenith Infotech, Richa Industries and OCL Iron declined 5% each.
BUSINESS NEWS:- HDFC Q3 net rises 23% to Rs 671 cr
Housing Development Finance Corporation (HDFC) has posted a 23 per cent rise in its net profit at Rs 671.25 crore for the quarter ended December 31,2009 as against Rs 546.83 crore for the same quarter a year ago.
Total income has decreased 5.88 per cent from Rs 2924.84 crore for the quarter ended December 31, 2008 to Rs 2762.21 crore in the quarter under review as interest rates have come down.
Its net interest income (NII) is up 27.6 per cent at Rs 1,001 crore against Rs 784.3 crore.
Operationally, the company has grown its loan book by about 18 per cent year-on-year with interest spreads at 2.25 per cent for the year to date, almost flat compared to the previous year. Loan approvals have grown over 30 per cent y-o-y to about Rs 12,700 crore, while disbursals were up 19 per cent to Rs 11,200 crore.
The stock was trading flat post results.
Total income has decreased 5.88 per cent from Rs 2924.84 crore for the quarter ended December 31, 2008 to Rs 2762.21 crore in the quarter under review as interest rates have come down.
Its net interest income (NII) is up 27.6 per cent at Rs 1,001 crore against Rs 784.3 crore.
Operationally, the company has grown its loan book by about 18 per cent year-on-year with interest spreads at 2.25 per cent for the year to date, almost flat compared to the previous year. Loan approvals have grown over 30 per cent y-o-y to about Rs 12,700 crore, while disbursals were up 19 per cent to Rs 11,200 crore.
The stock was trading flat post results.
WORLD NEWS:-President Obama Praised for Sticking to American Values on Counter-Terrorism
As President Obama completes his first year in office, security experts give him high marks for sticking to American values and trying to win the hearts of Muslims while taking steps to avert terrorist attacks. But they also say the U.S. must not wait to fix a weakness until after it is exposed by an attack.
"While passions and politics can often obscure the hard work before us, let's be clear about what this moment demands, we are at war," President Obama said.
And that war is against the kind of terrorism that authorities say a Nigerian man attempted when he allegedly tried to bomb a US airliner bound for Detroit on Christmas Day [December 25]. President Obama promised to use "every element of national power" to keep Americans safe.
Some security experts say that President Obama avoids comparing the war on terrorism to conventional war between nations, but he has taken several steps to contain the threat.
Clark Irwin is with the Aspen Institute:
"People don't realize that President Obama has really intensified the effort to go after al-Qaida central in Afghanistan and Pakistan. The drone strikes have really intensified under his tenure. He famously, after much deliberation, is increasing the number of troops in Afghanistan," Irwin said.
President Obama is doing something that his predecessor did not do, says Irwin.
"The struggle for the hearts and minds of the Muslim community here in the U.S. and around the world," Irwin said.
Former Vice President Dick Cheney accuses Mr. Obama of pretending not to be at war with terrorist organizations. But Jacob Shapiro at Princeton University says the use of the word "war" actually helps the terror groups.
"It plays into the narrative that they are trying to construct for the population they are appealing to of this ragged band of brave individuals fighting the mighty power that is oppressing their society. And it also helps their efforts to create fear and anxiety in our population," Shapiro said.
Paul Pillar at Georgetown University says if it is not war, then the Obama administration needs to spell out the exact nature of the struggle. The former CIA veteran says there should be an open debate about what price Americans are willing to pay for security against terrorism.
"It might be privacy, it might be personal liberty, it might be the convenience of the traveling public. It might be monetary cost, it might be cost in blood and treasure for military operations overseas, as in Afghanistan," Pillar said.
Michael German of the American Civil Liberities Union says the American public does not fully understand what is at stake in the war against terrorism.
"I think that is something that this administration needs to address immediately, and it is already a year behind," German said.
But he says the Obama administration should get credit for not giving up on American values while fighting against terrorists.
"Our policies and procedures do express American values - tolerance, transparency, respect for rule of law and due process. Those things will ultimately keep us stronger and protect us better than any sort of effort to stomp out who we perceive as the bad guys," German said.
Clark Irwin at the Aspen Institute agrees. But he says the recent failed airplane bomb attack makes clear Mr. Obama's administration must do more to combat terrorism. Security officials have to anticipate the next attack.
"One of the things we need to start doing is to get ahead of the curve by trying to anticipate additional methods that can be used against us and closing the gaps before those gaps are exploited," Irwin said.
Security experts agree that given the number of targets and the infinite ways they can be exploited, security can never be 100 percent. But they say that does not mean the Obama administration can lower its guard and stop working toward achieving that.
"While passions and politics can often obscure the hard work before us, let's be clear about what this moment demands, we are at war," President Obama said.
And that war is against the kind of terrorism that authorities say a Nigerian man attempted when he allegedly tried to bomb a US airliner bound for Detroit on Christmas Day [December 25]. President Obama promised to use "every element of national power" to keep Americans safe.
Some security experts say that President Obama avoids comparing the war on terrorism to conventional war between nations, but he has taken several steps to contain the threat.
Clark Irwin is with the Aspen Institute:
President Obama is doing something that his predecessor did not do, says Irwin.
"The struggle for the hearts and minds of the Muslim community here in the U.S. and around the world," Irwin said.
Former Vice President Dick Cheney accuses Mr. Obama of pretending not to be at war with terrorist organizations. But Jacob Shapiro at Princeton University says the use of the word "war" actually helps the terror groups.
"It plays into the narrative that they are trying to construct for the population they are appealing to of this ragged band of brave individuals fighting the mighty power that is oppressing their society. And it also helps their efforts to create fear and anxiety in our population," Shapiro said.
Paul Pillar at Georgetown University says if it is not war, then the Obama administration needs to spell out the exact nature of the struggle. The former CIA veteran says there should be an open debate about what price Americans are willing to pay for security against terrorism.
"It might be privacy, it might be personal liberty, it might be the convenience of the traveling public. It might be monetary cost, it might be cost in blood and treasure for military operations overseas, as in Afghanistan," Pillar said.
Michael German of the American Civil Liberities Union says the American public does not fully understand what is at stake in the war against terrorism.
"I think that is something that this administration needs to address immediately, and it is already a year behind," German said.
But he says the Obama administration should get credit for not giving up on American values while fighting against terrorists.
"Our policies and procedures do express American values - tolerance, transparency, respect for rule of law and due process. Those things will ultimately keep us stronger and protect us better than any sort of effort to stomp out who we perceive as the bad guys," German said.
Clark Irwin at the Aspen Institute agrees. But he says the recent failed airplane bomb attack makes clear Mr. Obama's administration must do more to combat terrorism. Security officials have to anticipate the next attack.
"One of the things we need to start doing is to get ahead of the curve by trying to anticipate additional methods that can be used against us and closing the gaps before those gaps are exploited," Irwin said.
Security experts agree that given the number of targets and the infinite ways they can be exploited, security can never be 100 percent. But they say that does not mean the Obama administration can lower its guard and stop working toward achieving that.
WORLD NEWS:-Nigeria religious riots 'kill 200' in Jos
At least 200 people have been killed in violence between Christians and Muslims in the Nigerian city of Jos, says the monitoring group, Human Rights Watch.
Troops ordered by Nigeria's vice-president to help police restore order have arrived and are patrolling the streets, enforcing a 24-hour curfew. The fighting, which broke out on Sunday, has prompted thousands of people to flee the city.
Houses, mosques and churches have been burnt down and many people arrested.
It is believed to be the first time Goodluck Jonathan has used executive powers since President Umaru Yar'Adua left Nigeria for hospital treatment in Saudi Arabia in November.
Lt Col Shekari Galadima, a spokesman for the 3rd Division of the Nigerian Army, told the BBC's Network Africa programme the streets were calm and the troops in control of the situation.
 |
At least 200 people were killed in an outbreak of fighting between Muslims and Christians in 2008, while some 1,000 died in a riot in 2001.
Violence spreading
The current violence has forced at least 3,000 people from their homes.
On Tuesday the violence spread beyond the city boundaries to The death toll has not been verified independently and it is not known how many Christians have died.
Human Rights Watch say at least 200 have died in the latest outbreak of violence.
Balarabe Dawud, head of the Central Mosque in Jos, told AFP news agency he had counted 192 bodies since Sunday.
Muhammad Tanko Shittu, a mosque worker who was helping to prepare mass burials, told Reuters he had counted 149 bodies.
Jos is in Nigeria's volatile Middle Belt - between the mainly Muslim north and the south where the majority is Christian or follow traditional religions.
Correspondents say such clashes in Nigeria are often blamed on sectarianism.
However, poverty and access to resources such as land often lie at the root of the violence.
It is unclear what the trigger was for the latest bout of violence.
Plateau State spokesman Dan Manjang told Network Africa there were reports that it may have started after a football match.
But he said it would be surprising if football was the reason.
Reuters quoted residents as saying the violence started after an argument over the rebuilding of homes destroyed in the 2008 clashes.
TOP NEWS:-Analysis: Revolution in Kennedy country
In Boston last August, I watched thousands of people wait patiently to pay their respects to the late Senator Edward Kennedy as he lay in repose at the memorial library dedicated to his brother John.
He'd been Senator since 1962, and JFK won the seat before him, in 1952. That it would stay in Democratic hands was a foregone conclusion.
Except it wasn't. The scale of this revolution in Kennedy country is causing jaws to drop in Washington and sending a chill through those Democrats facing re-election battles in November.
It was, of course, a state election not a national one, which means there are local factors to take into account.
Growing backlash
Martha Coakley's campaign was widely criticised for being lacklustre and gaffe-prone. She even ridiculed the idea of standing in the cold to shake hands with baseball fans.
Scott Brown was a telegenic and energetic campaigner with military experience and an army commendation for his work after the 9/11 attacks. He set the pace for the campaign.
Democratic Party officials at state and national level are already blaming each other for failing to respond quickly enough to evidence that the Republicans were pulling away.
But there is no doubt that the vote also reflects a growing backlash against Democrats nationally.
President Barack Obama's approval ratings have slumped to about 50%, and those for the Democratic-controlled Congress are, according the Gallup, about half that.
In tough economic times - and the US unemployment rate is about 10% - voters tend to blame the party in power, and Mr Brown also made much of his ability to be the one vote in the Senate that Republicans need to block Mr Obama's healthcare reform plans - which again, polls suggest, most people in America are highly dubious about.
Alternatives
So this election leaves the Republican Party rejuvenated and with that vital 41st vote, which means - in theory - they can stall much of the Democrats' legislative agenda indefinitely.
The House and Senate have passed different healthcare reform bills, and negotiations are under way to turn them into one bill which both chambers can support.
Republicans say the Democrats' plans are too expensive and are unanimously opposed to them. Democrats need 60 votes to ensure the bill can go to President Obama to sign. Now they have just 59.
The alternatives for the Democratic leadership are to have the House vote on the bill the Senate has already passed.
But House Speaker Nancy Pelosi has suggested there are too many differences between the two bills to make that feasible.
The other possibility would be to rush a compromise bill through before Mr Brown takes his seat.
But that could well cause a political backlash against the Democrats in November - even if the two chambers could resolve their differences that quickly.
The great irony in all this is that Ted Kennedy was the foremost champion of reforms that would ensure that all Americans could get health insurance.
His death deprived the campaign of a key advocate and much needed Congressional dealmaker.
Now his successor has the power - and it seems the will - to pull healthcare reform back from the brink of becoming a reality.
He'd been Senator since 1962, and JFK won the seat before him, in 1952. That it would stay in Democratic hands was a foregone conclusion.
Except it wasn't. The scale of this revolution in Kennedy country is causing jaws to drop in Washington and sending a chill through those Democrats facing re-election battles in November.
It was, of course, a state election not a national one, which means there are local factors to take into account.
Growing backlash
Martha Coakley's campaign was widely criticised for being lacklustre and gaffe-prone. She even ridiculed the idea of standing in the cold to shake hands with baseball fans.
Scott Brown was a telegenic and energetic campaigner with military experience and an army commendation for his work after the 9/11 attacks. He set the pace for the campaign.
Democratic Party officials at state and national level are already blaming each other for failing to respond quickly enough to evidence that the Republicans were pulling away.
But there is no doubt that the vote also reflects a growing backlash against Democrats nationally.
President Barack Obama's approval ratings have slumped to about 50%, and those for the Democratic-controlled Congress are, according the Gallup, about half that.
In tough economic times - and the US unemployment rate is about 10% - voters tend to blame the party in power, and Mr Brown also made much of his ability to be the one vote in the Senate that Republicans need to block Mr Obama's healthcare reform plans - which again, polls suggest, most people in America are highly dubious about.
Alternatives
So this election leaves the Republican Party rejuvenated and with that vital 41st vote, which means - in theory - they can stall much of the Democrats' legislative agenda indefinitely.
The House and Senate have passed different healthcare reform bills, and negotiations are under way to turn them into one bill which both chambers can support.
Republicans say the Democrats' plans are too expensive and are unanimously opposed to them. Democrats need 60 votes to ensure the bill can go to President Obama to sign. Now they have just 59.
The alternatives for the Democratic leadership are to have the House vote on the bill the Senate has already passed.
But House Speaker Nancy Pelosi has suggested there are too many differences between the two bills to make that feasible.
The other possibility would be to rush a compromise bill through before Mr Brown takes his seat.
But that could well cause a political backlash against the Democrats in November - even if the two chambers could resolve their differences that quickly.
The great irony in all this is that Ted Kennedy was the foremost champion of reforms that would ensure that all Americans could get health insurance.
His death deprived the campaign of a key advocate and much needed Congressional dealmaker.
Now his successor has the power - and it seems the will - to pull healthcare reform back from the brink of becoming a reality.
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