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News time 18 Oct-25 Oct,2010

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  • 1. 18 OCT-25 OCT,2010 NEWS TIME
  • 2. Domestic IT services market to be worth $13.6 bn by 2014: Gartner
    • NEW DELHI: The fast growing Indian domestic IT services market is expected to be worth nearly $ 14 bn in the next four years.
    • "The country's domestic IT services market is expected to see a Compounded Annual Growth Rate (CAGR) of 16 per cent by 2014, which would make that market worth $ 13.6 bn
  • 3. Essar to invest Rs 2K crore on cement, ferro-alloy unit in MP
    • Diversified conglomerate Essar Group has firmed up plans to invest over Rs 2,000 crore to set up a new cement and Ferro-alloy unit in Madhya Pradesh as part of its mega-investment programme in the state.
    • The group, which has already committed investments worth around Rs 8,000 crore in the state across sectors like steel, power and telecom had last week entered into a pact with the Madhya Pradesh government for a cement and Ferro-alloys project.
  • 4. Gold down by Rs 240 on scrap selling, weak global cues
    • Gold prices tumbled by Rs 240 to Rs 19,530 per ten gram on emergence of scrap gold jewellery selling by retailers
    • India gold traders continued to stock up for upcoming festivals as prices extended losses for a fourth day to its lowest level in two weeks
  • 5. G20 moves closer to agreement on currencies
    • A high-level meeting of the world's major economies is moving closer to an agreement on policies to reduce currency tensions that threaten the global recovery, a U.S. official said Saturday.
    • the G-20 has pursued major reforms to the global economy and financial system ,.
  • 6. ONGC's first commercial power project to start next year
    • The state-owned Oil and Natural Gas Corporation's (ONGC) first ever 726 MW commercial power project would start generating electricity next year.
    • The ONGC's biggest power project is being commissioned in Palatana, about 60 km south of here, at a cost of Rs 9,000 crore .
  • 7. Using Facebook, Twitter, YouTube 'refreshes deskbound employees '
    • A new Melbourne University research has concluded that Facebook , Twitter and other social media sites, as well as music and online video sites like YouTube , are the most productive ways employees can relax at work.
    • The ACTU say employers continue to block many online services to employees, including personal email and internet banking, as well as monitoring internet use where there is no need to.
    • There is also uncertainty, according to the ACTU and human resource experts, as to what constitutes an acceptable Internet site for recreational surfing at work.
  • 8. Contd…….
    • People who surf the internet for fun - for less than 20 per cent of their work time - were 9 per cent more productive than those who don't. The research was based on a sample of 300 workers with access to the Internet at work
    • But some sites did not have a revitalising effect, particularly shopping websites, auction websites, online banking and sports sites
    • .