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India Cements Q3 net dips 44% to Rs 35 cr
India Cements, a South-based cement maker, has posted a decline of 43.79 per cent in its net profit for the quarter ended December, 2009 at Rs 34.8 crore compared with Rs 61.91 crore in the corresponding previous quarter. The company’s net sales during the quarter stood at Rs 864.12 crore against Rs 754.82 crore last year, up 14.48 per cent.

US economy expands 3.5% in Q3
The world"s largest economy US climbed out of recession as it grew by 3.5 per cent in the third quarter ending September 30 -- the first quarterly expansion in a year -- thanks to higher consumer and government spending among others.

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Bhoruka Power's project turned down
The Committee for Determination of Terms of Reference (CDToF) under the Central Environment and Forest Department has turned down the application of Bhoruka Power Corporation Ltd (BPCL) to set up a thermal power plant at Halga village beside Hanakon in Karwar taluk in Uttara Kannada district.
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'Varsities not to be controlled remotely'

Union minister for human resources development Kapil Sibal on Monday said the university education system in India was set for a major change to promote the habit of research on their own. Congratulating winners of the Infosys Prize 2009 instituted by Infosys Foundation via video conferencing from Delhi, Sibal said the government was taking steps to maintain independence of the universities so that they could not be ‘controlled remotely by any one’. - Servers crash CAT"s date with mouse - Govt may allow private sector investment in education - MeritTrac plans to invest Rs 20-cr to up offerings - Lunch with BS: Shantanu Prakash">Lunch with BS: Shantanu Prakash - Fixing higher education - Reform Bills on MHRD agenda As a part of the thrust for higher levels of research, the Centre has announced to set up 14 universities to be equipped with world class infrastructure and facilities. Sibal said India must invest in knowledge enterprises which will encourage creation of more IPs out of India. Infosys Science Foundation on Monday announced three Indian scientists and two academicians as winners of its prestigious Infosys Prize 2009 for outstanding contributions to scientific research in four disciplines. Describing the prize as the "India Nobel prize for the future", Sibal has suggested that the Foundation modify its statute which stipulates that the winner must have done his research work in India though he could be a person living outside India. "Given that we live in a globalised world, the stipulation could be modified to winner having done his research primarily in India," Sibal said. N R Narayana Murthy, chairman and chief mentor of Infosys said the Board of Trustees would discuss it during its meeting in February. The winners of the Infosys Prize 2009 will presented Rs 50 lakh per category, a medallion and citation at a function scheduled to be held in Delhi on January 4 next year. Prime Minister Manmohan Singh will be the chief guest on this occasion. Infosys Technologies spent about Rs 6.1 crore ($1.2 million) in this initiative through Infosys Science Foundation which was set up in February this year as a not-for-profit trust with an aim of promoting research in sciences in India.


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