Bangalore: The country’s offset programme, which requires overseas suppliers of Defence equipment to source a portion of their contract from domestic sources, is resulting in the modernisation of the aerospace industry in India, Union Minister of State for Civil Aviation Praful Patel has said.

Mr. Patel was speaking at the inauguration of the country’s first Special Economic Zone dedicated to the aerospace industry at Hattargi, 37 km from Belgaum, on Saturday. The SEZ is promoted by Quest Global, an aerospace engineering and manufacturing company.
Boom in aviation

Kolkata/Bangalore: Banks and financial services firms emerged as the top hirers of summer interns at the Indian Institutes of Management (IIMs), 14 months after the collapse of Wall Street investment bank Lehman Brothers triggered a global crisis that slowed hiring.

Looking up: A file photo of IIM Calcutta students. At IIM-C, 44% of 407 students got internships in finance. Indranil Bhoumik / Mint

Looking up: A file photo of IIM Calcutta students. At IIM-C, 44% of 407 students got internships in finance. Indranil Bhoumik / Mint

MUMBAI, Nov 12 (Reuters) - India's gold futures may continue their record breaking spree on Thursday bolstered by a weak dollar overseas, enhancing the yellow metal's appeal as an alternative investment, analysts said.

The benchmark December gold MAUZ9 on the Multi Commodity Exchange (MCX) closed 0.8 percent higher at 16,760 rupees per 10 grams on Wednesday, after hitting a record high of 16,788 rupees.

December gold is likely to open at 16,800 rupees per 10 grams, said Aurobinda Prasad, head of research, Karvy Comtrade.

Vodafone, the world's biggest telecoms operator by market value, today hinted at fresh job cuts after doubling its cost-cutting programme to £2 billion amid a sharp fall in revenues from its key UK market.

The mobile giant, which has already culled hundreds of jobs in the past year, said that it was looking to extend its ambitious £1 billion cost-cutting plan by a further £1 billion by 2012.

The World Economic Forum's India Economic Summit is under way in Delhi, with the theme of India's Next Generation of Growth.

As the world emerges from the economic slump, what does India need to do to raise that next generation?

It is a cold and foggy morning as the Singh family gather around for their breakfast, close to an open fire to keep warm.

Sitting amid acres of lush green farms, it is easy to forget that this village is less than two hours from the national capital, Delhi.

MUMBAI: Benchmarks opened in the red on Thursday in line with Asian markets. Profit booking was seen across the sectors after a short covering
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rally in previous session. IT, auto and oil&gas space were the worst hit.

NEW HAVEN, West Virginia — Eyeing lucrative markets in China, India and beyond, French firm Alstom on Friday unveiled the world's largest carbon capture facility at a coal plant -- a technology backers hope will fuel a new multi-billion dollar industry and keep the coal industry alive.

Banking that coal power plants will come under legal and financial pressure to reduce emissions as part of efforts to reduce global warming, the pilot facility captures and stores around 100,000 metric tonnes of carbon dioxide a year from West Virginia's Mountaineer plant.