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  1. 1. %Globe Scan Read on ................................... involving two school students. He was later released on bail. Earlier, Ravi Raj, a student of the Indian Institute of Technology, Kharagpur, was the first person to be arrested - Anshu Dwivedi in the case. Get set to pay more for life-saving Amul makes a foray into the Kashmir Group for an undisclosed amount. drugs valley With this acquisition, Barista Coffee With the new WTO product patent Some good news from Srinagar, will become a wholly owned regime coming into effect from where “utterly butterly” Amul has company of the Sterling Group, January 1 2005, the prices of life- taken over the state’s milk which earlier had a 65 percent saving drugs are all set to go on an processing plant in the Valley. stake. upward spiral, as small and TCS bags .errari contract What drew Amul to the valley is the medium companies will not be able record production in the state, Tata Consu-ltancy Services has to replicate the production process which is higher than the national bagged a three- to make the same end product average. This has also opened up a year multi- anymore. nationwide market for Kashmir’s activity contract Press Note 18 scrapped to increase dairy farmers. from Scuderia .DI Investment Commission Ferrari on the Formula One circuit In a measure aimed at smoothening The Government has appointed for an undisclosed amount. This the inflow of foreign direct industrialist, Ratan high-end engineering contract is to investment (FDI), the government Tata to head the provide IT and engineering services has announced the withdrawal of Investment for development of Formula One the restrictive provisions of Press Commission, with (F1) racing car for the racing season Note 18 for all future joint ventures Deepak Parekh and beginning next March, making it between Indian and foreign Asok Ganguly being the other two the first Indian company to enter partners. members. the F1 stadium in the global arena. .II investments cross $9bn in 2004 .orbes honours Ratan Tata Onkar Kanwar elected .ICCI president Riding high on the booming Ratan Tata, who is credited with the The Chairman and economy and growing phenomenal growth of the Tata Managing Director of attractiveness of India as an group in the past decade, has been Apollo Tyres, Onkar S. investment destination, FII named as ‘Forbes’ Asian Kanwar, has become the investments in the country crossed Businessman of the Year’. President-elect of the $9 billion in 2004, the highest in the 8:100 swap for Tata Motors-Tata Federation of Indian Chambers of history of Indian capital markets. .inance merger Commerce and Industry (FICCI). ONGC evinces interest in overseas Economic Advisory Council The board of directors of Tata assets Finance Ltd. (TFL) and Tata Motors C. Rangarajan has been The Oil and Natural Gas Ltd. (TML) have announced the appointed Chairman of Corporation is in the race for merger of TFL with TML. The the Economic Advisory picking up Canadian merger would be effective April 1, Council to the Prime firm EnCana’s stake in a 2005. Minister with the cluster of oil fields in Tata divests stake in Barista to Cabinet rank. Ecuador and is also Sterling Group CEO out of jail on bail talking to Russia for Tata Coffee entered into an Avnish Bajaj, Chief Executive picking up stake in assets of oil agreement with the Sterling Officer of the auction website, major Yukos. Infotech Group to sell its entire was arrested by the No reverse gear applied, says Natwar 34.31 per cent stake in Barista Delhi police in connection with the Singh Coffee Company to the Sterling multi-media messaging scandal The External Affairs Minister,
  2. 2. %Globe Scan Read on ................................... Natwar Singh has announced that formally taking over NATO’s Institutes of Management (IIMs) the proposed Khokrapar-Munabao peacekeeping mission in Bosnia have been allowed to continue with rail link between India and Pakistan with 7,000 troops. The operation is their own tests. Institutions under will be inaugurated on October 2 a major step in the EU’s drive to the jurisdiction of the State next year. develop a military arm, an initiative Governments may admit students India, Iran sign a pact for LNG supply launched after the bloc’s failed through entrance tests conducted India has tied up with Iran for attempt to halt the war that tore by the CBSE, IIMs, IITs, Xavier supply of 7.5 million tonnes Bosnia apart in the early 1990s. Labour Research Institute, All India Lien Chan wins the Taiwan Management Association or the annually of liquefied natural gas for parliamentary polls Association of Indian Management 25 years as part of the bilateral cooperation between the two The Taiwanese Schools. Karzai sworn in countries through several President, Chen Shui- agreements. The supplies are likely bian, suffered a major Hamid Karzai to start in 2009. setback in the general was sworn in on India, Bangladesh and Myanmar election to the Dec 7 as agree to lay pipeline Legislative Yuan, or Afghanistan’s The three countries have agreed to Parliament, with the alliance first popularly the construction and operation of a headed by him losing to an elected President, as the pipeline, which will allow natural Opposition coalition led by impoverished country tries to leave gas to flow from fields off the coast Kuomintang [the Nationalist its brutal past behind and bolster a of Myanmar to India via Party], which favours re-unification young democracy that still grapples Bangladesh. When completed, the with Mainland China. with the twin threats of terrorism New policy on entrance tests to and drugs. pipeline would be the first technical courses Construction firm plans hubs in the cooperative energy project of its US and Gulf. kind in South Asia. The Human Resource Development INDO ASEAN pact Ministry has come out with a The Rs 9,800 crore engineering and construction conglomerate L T is India and the 10 ASEAN nations detailed policy on entrance tests for seeking to become a global signed the ‘ASEAN-India admission to technical courses in company by putting in place an Partnership for Peace, Progress and professional educational international structure, with hubs Shared Prosperity’ Pact at the 3rd institutions. Under this policy, all in the Persian Gulf and the annual summit in the Laotian institutions such as the National Americas, and has drawn up a capital Vientiane. Institute of Technology, the Indian Ukraine polls Institutes of Information master plan for the purpose, according to K Venkatramanan, Opposition leader, Viktor Technology, the National Institute director and president (operations), Yushchenko, went on to win the of Forge and Foundry Technology LT. presidential runoff (Ranchi), the School of Planning Apple’s new launch on Dec 27 in Ukraine and Architecture (New Delhi), and Apple Computer International Pvt. after a re- election other institutes of the Central Ltd. today introduced its iPod was ordered due to Government will have to admit Photo, the newest addition to its allegations of gross students through the All-India iPod series of music violations in the first Engineering Entrance Examination storing devices, in election in (AIEEE) conducted by the Central India. iPod Photo, November. Board of Secondary Education Condoleezza Rice succeeds Powell (CBSE). The AIEEE has been made which is being rolled out in two models of Condoleezza Rice has replaced optional for other educational capacity 40GB and Colin Powell as the US Secretary of institutions such as Central/ 60GB, enables the user store a State in George W Bush’s new team Deemed universities. They can opt minimum of 25,000 photos and of advisors for his second term. for the AIEEE or conduct their own EU takes over Bosnia duties examination based on a transparent 15,000 songs. The European Union began its procedure. The Indian Institutes of biggest-ever military operation Technology and the Indian