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Tourist dollars rise 3% depite fall in traffic
In spite of foreign tourist inflow adversely hit in aftermath of 26/11 terror attack and economic slowdown, the foreign exchange earning from the sector has witnessed a three per cent increase this year, Union Minister of State for Tourism Sultan Ahmed has said.

Power traders make a pitch for higher trading margin
Power traders have opposed a Central Electricity Regulatory Commission (CERC) draft suggesting trading margin of 7 paise per unit if the sale rate is more than Rs 3 on a short-term trading market.

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Polaris Software net up 2% at Rs 35 cr
IT services and solutions provider Polaris Software Lab today said its consolidated profit after tax rose by 2.23 per cent to Rs 35.19 crore for the quarter ended September 30.
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Global action forcing pirates to Indian Ocean: Ban

UN Secretary-General Ban Ki-moon has said intensified international action to tackle ship seizures off the Somali coast is forcing pirates further afield into the Indian Ocean and more recently closer to the Seychelles. - US drones protecting ships from Somali pirates - Somali pirates hijack Panamanian carrier with 24 Indian crew - Somali pirates seize Indian ship, attack tanker - Somali pirates hijack Indian cargo ship with 15 aboard - NATO ship seizes explosives from suspected pirates - Indian Navy nabs 9 pirates off Seychelles coast In a report to the UN Security Council, Ban said the expanding international maritime presence is playing a critical role in stabilising the situation at sea. He said in the report circulated yesterday that the deployment of naval ships and military aircraft as well as improved efforts by ships transiting the area to protect themselves have considerably reduced the number of successful incidents of piracy and armed robbery, especially in the Gulf of Aden.


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