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Sonia, leaders to pay homage to Basu
Bangladesh Prime Minister Sheikh Hasina, Congress president Sonia Gandhi, Finance minister Pranab Mukherjee and BJP leader L K Advani will pay homage tomorrow to Jyoti Basu who would be given a state funeral.

No insurance payment for abandoned Kotla match
The Delhi & District Cricket Association (DDCA) and the Board of Control for Cricket in India (BCCI), organisers of Sunday’s India-Sri Lanka cricket match, will have to foot the bill for the abandoned tie as insurance companies are unlikely to pay any claim.

News of the day

CAT blame game: IIMs and NIIT new targets
Even as day three of the computer-based Common Admission Test (CAT) continued to add to the anxiety of the student community, academicians have shifted the blame game from Prometric to the Indian Institutes of Management (IIMs) and NIIT, accusing them of adopting a highly casual attitude. Prometric bagged the contract from IIMs to conduct computer-based CAT this year in partnership with NIIT. “The IIMs could have done more than just outsourcing the exams to Prometric. By blaming Promertic, IIMs can’t acquit themselves. If one-sixth of the 304 test labs fail, it’s an absolute joke of an examination. A little control on part of the IIMs could have helped,” said a professor from a B-school which accepts CAT scores for admissions.
Corporate

Tata Motors resolves compensation issues with vendors

Tata Motors today said it has sorted out differences with vendors regarding the compensation issues arising out of its decision to shift the Nano plant from Singur. - No immediate plan to take Nano abroad: Irani - Car sales jump 34%, bikes up 14% in Oct - Auto: Full steam ahead - SC issues notices to 23 states, 3 UTs on Tata Motors" plea - Tata may roll out 200 Nanos daily by March - GM Europe boss Forster may take charge of JLR "The issues have been resolved with the companies (vendors) internally. Vendors are in line to set up their facility in Sanand," Tata Motors President (Passenger Car) Rajiv Dube told reporters while showcasing Indigo Manza here. Earlier, several auto parts auppliers were reportedly seeking compensations from the company on the ground that they would incur huge losses, if, their component units were to be relocated to Sanand in Gujarat, where the carmaker is now setting up the world"s cheapest car facility. Tata Motors had announced to pull out the Rs 1,500-crore Nano project from Singur in October last year after following violent protests by Trinamool Congress over land acquisition. Dube, however, declined to give details whether the company has compensated the vendors financially or has offered some other benefits in Sanand. Regarding the 997-acre land in Singur acquired for the Nano project, he said, the company is in discussion with the state government for the future course of action. After Indigo Manza was launched in October sales of the Indigo family has grown to about 5,000 units per month from 3,000 units earlier, he added. On FY10 sales outlook, he said the company has grown 14-15 per cent so far and expects to close 2009-10 at this level.


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