Economic growth forecast in the range of 8% to 8.5%: Barclays Capital

What's the overall view on India, what's the stance that you are taking. There have been some upgrades coming in from key brokerages on the growth targets in the region? What are your growth projections and what would they be subject to for revision, what are the factors that you are watching out for? Well, India clearly on the domestic growth momentum has been very robust as reflected in industrial production figures and clearly that has also been filtering through into inflation numbers which we will get later today. I think going forward we see this broadening out of growth from largely the manufacturing also in the service sector going forward and our growth forecast is in the range of 8% to 8.5% and risks would be clearly on the upside. What perhaps are the headwinds at this juncture because we are looking at India being pretty much running its own cost and being one of the top runners in terms of an overall growth projection? What could peg us back? Well like in the current time probably one of the things which the RBI would be looking at quite closely as well is inflation. As I mentioned we get WPI numbers and we think it will probably be about 10.4% which would be the near term PE but clearly rising inflationary pressures and elevated inflation expectations do tend to erode disposable incomes so that is something definitely to worth keep an eye on and I think here the RBI is going to come through and tighten policy. We expect the RBI to hike the reverses as well as the repo rate by 50 basis points next week. What would that lead to in terms of an overall rate tightening projection for the year? We look for another about 125 basis points sort to come through for the year and I think there will also be some CRR tightening to rein in liquidity in the system. What would this mean for the entire banking system in India where there has been much talk about liquidity pretty much playing itself out and being a flush, how do you think these rate hikes would impact credit growth which hasn't really picked up as much as it was expected to over the last six to eight months? Credit growth is picking up gradually and going forward. If you look at the historical relationship of credit growth and industrial production in India, it normally lacks by two quarters. Given the strength that we have seen in the manufacturing and the industrial sector I think there is little doubt this credit growth is going to pick up going forward and clearly that fits in with a strong fundamental growth demand story in India as well.
RAVI NANDAN VERMA
PGDM-II

IBM acquires ILOG

IBM announced Monday that it plans to acquire business rules management software maker ILOG in a deal valued at $340 million.

Under the deal, IBM will merge ILOG into its WebSphere brand. This is a move to expand its middleware software footprint. Middleware is a layer of software that helps servers running databases and Web site software talk with servers running applications.

ILOG was founded in 1987 and employs more than 850 people worldwide. Over 2,500 corporations and more than 465 leading software vendors rely on ILOG's market-leading Business Rule Management Systems (BRMS), supply chain applications as well as its optimization and visualization software components, to achieve dramatic returns on investment, create market-defining products and services, and sharpen their competitive edge.

ILOG delivers software and services that empower customers to make better decisions faster and manage change and complexity.

Revenue: $161.5 million for fiscal year 2007

Employees: 850 worldwide
Customers: 2,500 worldwide
Headquarters: France and California
Subsidiaries: UK, Germany, Japan, Singapore, Spain
Founded: 1987
Chairman and CEO: Pierre Haren

By combining technologies with ILOG, IBM is aiming to provide customers with the ability to gather up all relevant information spread throughout their organization in real-time to make faster business decisions.

IBM has been known through most of its recent history as the world's largest computer company; with over 388,000 employees worldwide, IBM is the largest information technology employer in the world. Despite falling behind Hewlett-Packard in total revenue since 2006, it remains the most profitable. IBM holds more patents than any other U.S. based technology company. It has engineers and consultants in over 170 countries and IBM Research has eight laboratories worldwide

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IBM's information

Revenue: $98.8 billion USD

Employees: 386,558 (2007)
Subsidiaries: ADSTAR, FileNet, Informix, Iris, Lotus, Rational, Sequent, Tivoli
Founded: 1889 (incorporated 1911)
Headquarters: New York
Chairman & CEO: Samuel J. Palmisano

TECHNO CARNIVAL

On march 26th 2010, Techno carnival was organised in IIMT COLLEGE OF MANAGEMENT Gr Noida by BBA and BCA students. In the carnival many companies has came here which related to technology fields like HCL, DELL, COMPAQ, LG, SONY, HP etc. Apart from this some automobiles companies and telecom company has also came here. The college field was decorated very beautifully by the BBA and BCA students with the help of their faculties. Whole function was conducted under the guidance of Prof. Col. V.K. Malhotra, director of BBA/BCA.

The inauguration is done by the M.D. of our college, After that the programme had started. He was happy to see the efforts of the students.

Other programmes was also conducted by the students for entertainment of visitors and faculties. Students has participated in the programme like singing, dancing, mimicry and other games. Students and visitors and faculties had enjoyed a lot by seeing all this.

In the programme students were representing the companies and the giving the proper knowledge about the products to the visitors.refreshment facilities were also provided by the students.

Kolkata Knight Riders beat Kings XI Punjab by 39 runs

MOHALI: After a few stutters, the Sourav Ganguly-led Kolkata Knight Riders put their IPL campaign back on track with a convincing 39-run victory over Kings XI Punjab here on Saturday.

Both sides, languishing at the bottom of the table, were desperate for victory but it was the Knights who pulled it off comfortably in the end, first putting up a challenging 183/5 on the board and then successfully stifling the Kings strokeplayers.

Yuvraj Singh, Manvinder Bisla and Kumar Sangakkara all got starts but against a disciplined KKR attack, the Kings innings failed to gather any momentum and they finished at 144/6. It’s a huge blow for the Punjab team, which is struggling for form this season.

KKR, meanwhile, will take heart from the manner in which their bowlers and batsmen rose to the task. Apart from a disciplined performance from Shane Bond and the seamers, their star of the day was Manoj Tiwary, whose whirlwhind 75 off just 47 balls put KKR in a strong position.

Tiwary also hit 21 runs with the help of two sixes and two fours off Irfan Pathan’s last over to perk up the KKR total.

Skipper Sourav Ganguly (50; 40b, 6x4, 1x6) too chipped in as the duo added 50 runs in 42 balls for the third-wicket partnership after two early dismissals. Both found it difficult to get going initially but as it turned out, it was enough to get KKR past the Kings.

With runs not coming at the desired pace, Ganguly tried to accelerate the run rate but after his dismissal, Tiwary upped the ante and the last two overs fetched 30 runs for the visitors.

Chris Gayle (14; 12b, 3x4) gave a rollicking start to KKR as he hit 15 runs off Brett Lee in the very first over. For Punjab, Brett Lee and Vijayant Malik, the two new faces, could not dent the opposition as both of them went wicketless. Sailabh Srivastava, along with Irfan Pathan, scalped two wickets each.

Kolkata Knight Riders: Sourav Ganguly (Capt.), Chris Gayle, Manoj Tiwary, Mandeep Singh, David Hussey, Angelo Mathews, Wriddhiman Saha, Shane Bond, Ajit Agarkar, Ashok Dinda, Iqbal Abdulla.

Kings XI Punjab: Kumar Sangakkara (Capt.), Ravi Bopara, Manvinder Bisla, Yuvraj Singh, Mahela Jayawardene, Irfan Pathan, Piyush Chawla, Shalabh Srivastava, Brett Lee, Karan Goel, Vikramjeet Malik.

Modi's questioning a 'big step forward': SIT chief Raghavan

GANDHINAGAR: The questioning of Gujarat Chief Minister Narendra Modi in connection with the Gulbarg riots post-Godhra is a "very big step forward" in trying to understand and unravel the mysteries in the case and the SIT will submit its report to the Supreme Court on or before April 30, its head R K Raghavan said today.

Declining to go into details of the questioning of 59-year-old Modi, he maintained that former CBI DIG A K Malhotra, who grilled the Chief Minister in two sessions yesterday, "looks relaxed" and said he has confidence in the officer's abilities.

Raghavan said he was happy that the Special Investigation Team, appointed by the Supreme Court, could get the Chief Minister for questioning and that it will have to appreciate the evidence before making any comments on the issue.

"It is a very big step forward in trying to understand and unravel quite a few mysteries in the matter...I am happy that we were able to get the CM for questioning. I have to appreciate the evidence," Raghavan told a TV channel.

Raghavan said that the petition of Zakia Jafri, wife of former Congress MP Ehsan Jafri who was killed along with 68 others in the Gulbarg Housing Society riots in 2002, was the SIT's "bible" and questions broadly related to it.

"I have greatest concern for the victims and I have never failed to take my eye away from justice. I am conscious of the sacred trust given by the Supreme Court," the SIT chief said.

Raghavan said broadly, he and Malhotra had discussed the questions to be put to Modi but he has not yet discussed the answers with him. "He (Malhotra) looks fresh and relaxed. I have not spoken to him (about the answers)."

Asked why he did not question Modi, Raghavan said as the chief of SIT, he does not meet the witnesses or the accused and it is a job done by the investigating officer or the inquiry officer.

"It is a good old practice that is followed by CBI...the director never does the examination. I have brought in this practice here. It is a fair and healthy practice," he said.

Asked whether the SIT will call Modi again for questioning if needed, he said, "I have to look at the evidence that has been collected. I have to look at what he had told Malhotra."

He said the SIT has the right to recall if there were "gaps" and that applied to any witness. "I broadly knew what the questions were going to be. Actually we sat down, had a session. We broadly agreed on what we should quiz him on."

Replying to a question, he said he will not go into details of the questioning. "I respect the functional authority of the investigating officer. I cannot say do this or do that," the SIT chief said.

Asked if the questioning went beyond Gulbarg riots, he said he would not like to go into details. "Our bible is Zakia's petition."

On whether 62 questions were put to Modi, he said it seems an "imaginary figure".

"Let him (Malhotra) give his report. I won't breath down his neck. The fact that I have brought in Malhotra shows I have tremendous respect for him."

To a question about the delay in SIT doing its job and allegations of bias, Raghavan said one must understand that he had kept away all Gujarat officers (in Modi questioning).

"They (the SIT officers) have done a good job. Let the court give its verdict," he said.

Asked when the SIT report would be submitted to the apex court, Raghavan said, "I am reasonably confident that I will meet the deadline of April 30...we will submit it on or before April 30."

Asked whether the Chief Minister fully cooperated in the questioning, Raghavan said, "The fact that he came we are happy. There has been an active dialogue.

"Malhotra seems satisfied. I suppose it was a satisfactory interaction between the Chief Minister and Malhotra," he said.

On whether he was under any political pressure, Raghavan said, "Do I look like a man under pressure? I am relaxed. (I was under) absolutely no pressure. I am doing my duty."

He also declined comment on a question whether an FIR will be registered on the basis of questioning of the Chief Minister on Zakia's petition.

BANGALORE: Sweden's Gripen NG, the last of the six fighter aircraft that are being evaluated by the Indian Air Force for the $12 billion medium multi-role combat aircraft (MMRCA) deal, left Bangalore on Monday morning for the Air Force Station (AFS) Jaisalmer.

Having gone through a week of performance trials — including a demonstration of air-to-air refuelling and flying manoeuvres — by the IAF's specifically designated MMRCA team here, two Gripens will now complete the remaining part of their flight tests over Pokhran and Leh before heading for the AFS Jamnagar and then to an air base in Sweden.

While one of the Gripens will undertake hot weather trials in and around the AFS Jaisalmer and later take off to perform a dummy run and bomb drop at the Pokhran test range, the other fighter, as part of the cold weather trials, will land in Leh, switch off, refuel and then take off again.

Ministry of Defence officials familiar with the MMRCA trials told The Hindu that while they expect no hiccups during the weapons drop over Pokhran, the Leh exercise proved challenging to the other contenders vying for the MMRCA deal.

The officials confided that four of the five aircraft in the MMRCA competition faced problems starting up in the rarefied atmosphere of Leh, and the IAF had to ask the manufacturers to undertake modifications in the aircraft's fuel systems. The Gripen's evaluation is part of the MMRCA flight trials, which started in August last, when the F/A-18 Hornets arrived here. These were followed by another American fighter, the F-16IN Super Viper. In September, the French Rafale flew over Bangalore. It was followed by Russia's MiG-35 and the European Aeronautic Defence and Space consortium's Eurofighter Typhoon flew in March.

Once the flight trials are completed, the MMRCA evaluation team headed by the Principal Director, Air Staff Requirements, Air Commodore R.K. Dhir will write the technical report, narrowing down the competition to three or four contenders. Thereafter, the commercial bids will be opened, with the lowest bidder — as per India's defence procurement procedures — winning the contract.

ENLATHAN TECHNOLOGY CAME TO IIMT GR. NOIDA

on 19th march 2010, Enlathan Technology Ltd. company had came to IIMT College of management for the placement of some students. That company had came here for taken those students who has specialization of either marketing or IT . Company had taken G.D. and Interview of students and select some students at the package of 3 lacs per annum .

The detail information of Enlathan Company is follows

Elnathan Technologies Limited is a young and promising IT software development company. Elnathan has a presence in 7 countries and further expanding. Our company is not just one of other software outsourcing developers, We are an IT company with a highly experienced background and fully qualified staff. We provide professional IT outsourcing services, Business Solutions and IT services that promote your image and name to keep it known in the web and world market for many years to come. We offer Web designing/development, E-commerce Solutions, Search Engine Optimization, corporate identity, ERP's, CRM's and client-server applications, Engineering Services,Consulting Services etc.You finally found a unique software development company at a competitive market rate. With Elnathan Technologies you reduce cost of software IT services, Business Solutions and outsourcing and enhance revenue's.

Elnathan Technologies provides you with the following services:

Application Re-engineering

System Transformation services

Remote application maintenance

Database Migration service

Database administration service

Operating system administration

The Enlathan technology practices include

insurance

finance & banking

Healthcare

Hospital and Travel

Telecommunication & wireless technology

Retail , warehousing and Manufacturing

Education Etc....