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Cement despatch growth remains robust
The 224-million-tonne cement industry is yet again set to strike a growth of 10 per cent in June. If the initial numbers from the top cement makers are anything to go by, industry analysts said, the continuous robust growth will be maintained.

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Tech Mahindra: Forex gains
The September 2009 quarter results of leading IT players suggest that the global telecom industry is not out of the woods. Indicatively, Infosys and TCS‘ telecom segments’ share in overall revenues posted a decline of 60-70 bps sequentially — even on an absolute basis, their telecom-vertical revenues were lower sequentially. Given the muted outlook for the telecom sector, the topline and operating performance of Tech Mahindra, which derives 60 per cent from Europe and about 50 per cent from its major client, British Telecom (BT), is reasonably good.

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SAIL, Tata Steel, Bhushan, JSW hike prices
Steel companies SAIL, Tata Steel, Essar, Bhushan and JSW have hiked prices of their products by up to Rs 2,000 a tonne on the back of a rise in demand in the domestic market.
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IAEA chief urges Iran to cooperate on nuke issue

International Atomic Energy Agency (IAEA) chief Mohammed ElBaradei has asked Iran to respond swiftly to the "unique" offer made by the US, France and Russia to process its enriched uranium fuel abroad. - Japan to host preparation meeting for US-led nuke summit - UN to inspect atomic plant as Iran delays nod on deal - K Subrahmanyam: Homi Bhabha - Scientist, visionary, dreamer">K Subrahmanyam: Homi Bhabha - Scientist, visionary, dreamer - Iran agrees to put all nuke issues on the table - Do not expect India to sign NPT in present form: ElBaradei - N-energy benefits should not remain confined to few: PM "This is a unique and fleeting opportunity to reverse course from confrontation to cooperation and should, therefore, not be missed," he said yesterday at the UN General Assembly. In his last address before stepping down as the chief of the IAEA, ElBaradei asked the international community to stick to the path of multilateral dialogue and not to follow the road of unilateral action, which had led to a "senseless tragedy" in Iraq. "We must engage those with whom we have differences in dialogue rather than seeking to isolate them," he said. "We must act within the framework of international institutions - in this case, the IAEA and the Security Council - and empower them, rather than bypass them through unilateral action." ElBaradei regretted that the Iraq war happened on his watch, which was done on "false pretext". "I will always lament the fact that the tragic war was launched in Iraq that has cost the lives of thousands of innocent civilians," he said, highlighting that the agency had found no evidence that Iraq had revived its nuclear weapons programme or any other weapons of mass destruction.


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