Banks are reluctant about disbursing loans for aviation studies on fears that a slowdown will hamper the job prospects in the aviation sector. The move, say analysts, may affect the fortunes of aviation training institutes.
The Indian Institutes of Technology for the first time since their inception have begun drafting plans to implement the quota for faculty members from this year onwards, despite protests from the IIT student community and opposition from some professors.
While a few say that they have already recorded a significant drop in bookings, others say that if the trend continues, the effects will be reflected on the revenues for the next three to six months.
According to Crisil Research, the average room rates in cities like Chennai, Hyderabad and Bangalore are likely to fall 5-10 per cent in the next few months. Industry experts said the occupancy rates could fall from 75-80 per cent now to 65-70 per cent soon.
Hospitality majors, including Le Meridien and Pride Hotel, are opposing pay channels such as Star and Zee for raising rates for the second time in six months, pending an earlier court battle between the hotel trade body and private broadcasters.
The oil marketing companies are driving credit growth. The banking sector -- which typically sees credit contraction in the initial months -- has managed to buck the trend and has added nearly Rs 16,000 crore (Rs 160 billion) of advances in the first seven weeks of the current financial year thanks to the demand from the two sectors.
Brushing aside objections over brand dilution, the government has reportedly begun work on modifying the IIT Act, 1961, to ensure that the eight new engineering institutes it is setting up come under the premier Indian Institute of Technology umbrella.
Hindustan Petroleum Corporation's wind power foray is facing teething troubles. The state-run company plans to set up 100 mw capacity at an investment of Rs 500 crore. Its first project - a pilot of 25 mw coming up in Maharashtra's Dhule district - is being shifted to Jaisalmer in Rajasthan following protests by farmers.
The premier Indian Institutes of Management will have to draw on all their management skills to solve the current financial imbroglio they are in. On the one hand, the fee hike by IIM Ahmedabad and IIM Bangalore has caused heartburn not only among students and the Union Human Resource Development Ministry but also among the other IIMs who say they were not consulted despite an existing agreement to do so. IIM-A and IIM-B have said that a fee hike is a prerogative of their own
They are of the view that calling the new institutes "IITs" would dilute the brand image of the existing premier institutes, which figure among the world's 100 best technology universities and are compared with the likes of MIT, California University and Berkeley. The seven IITs are located in Kharagpur, Mumbai, Chennai, Kanpur, Delhi, Guwahati and Roorkee.
The government appears to have hit upon a novel faculty-sharing solution to tackle the shortage of quality faculty at the premier Indian Institutes of Technology. The shortage will accentuate now that eight new IITs have been announced.
The decline in stock values has created room for the issue of fresh participatory notes, but there are not many takers. P-notes are off-shore derivative instruments issued to foreign investors having securities as underlying. Sebi had banned the issue of derivative P-notes on October 25 last year. Brokers have started focusing on direct FII money rather than the P-note investments. New P-note regime & FII registration procedures are being implemented based on Sebi circular.
In December 2009, the Consulate will change its address from the landmark Lincoln House in south Mumbai to the Bandra-Kurla Complex, where it will have 40 visa windows as compared with the 17 visa windows at present.
The move was initiated by National Knowledge Commission Chairman Sam Pitroda as an incentive to encourage innovation, collaboration, licensing and commercialisation in Indian institutes. The matter is before the Cabinet and will shortly be moved to Parliament for approval, according to a source close to the development. The law will be on the lines of the 1980 Bayh-Dole Act of America.
At IIM-Ahmedabad, 11 students opted out of placements to start their own venture. While at IIM-Bangalore, 4 students chose not to join the corporate world, IIM-Kozhikode had 5 students who decided to kick-start their own venture. At S P Jain Institute of Management and Research in Mumbai, out of 89 students, one student decided to opt out of placements to join his own family business where he would be heading a new division.
The premier southern institute is said to have got about 100 international and 600 domestic offers for its batch of 425 students. ISB rules mandate that each student will get at least two offers.
Move follows 26 per cent acquisition in Ahmedabad's NMCE.
Information technology firms appear to have lost their appeal at the Indian Institutes of Technology. Campus recruitment figures by major Indian and foreign IT firms have dipped this year, raising further concerns of an industry slowdown.
With the government planning to start 20 per cent blending of bio-diesel with diesel, Indian oil companies are fast firming up their bio-diesel ventures.
C S Bhave has to work on the homework of his predecessor to speed up the processes in the market. He also has to contend with the bitter legal battle between Sebi and his organisation NSDL.
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