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London crawling
If you can get past the first dozen pages of this book, you’ll probably keep going. In the very first scene, old-school lefty journalist Ian wakes up to BBC Radio’s breakfast news talk show hosted by James Naughtie and John Humphrys — during which Gideon Crawford, the secretary of state for Scotland, will face tough questioning over the government’s approach to the forthcoming elections to the Scottish Parliament, at which the Scottish Nationalists will take on the ruling Labour Party, in power in Westminster after many years and with a sizeable majority, thanks to their young and dashing new PM, Harry White, whose obituary Ian must go to work today and bring up to date, just in case...

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HMSI targets 17 per cent growth in turnover in 2009-10
Honda Motorcycle and Scooter India Limited (HMSI), the market leader in the scooter segment in the country, expects a 17 per cent growth in its turnover in the current fiscal. The company clocked a turnover of Rs 500 crore in 2008-09.

News of the day

Sugar industry to take Centre to court
The sugar industry is all set to challenge the recent amendment to the Essential Commodities Act, which seeks to introduce a fair and remunerative price (FRP) for sugarcane, besides absolving the government of a Rs 14,000-crore levy price obligation arising out of several court rulings.
Corporate

Exports grow for first time in over a year in November

The country"s exports turned around in November 2009 after falling for 13 months in a row, posting a growth of 18.2 per cent to touch $13.19 billion. - July exports dip by 28%, imports by 37% - Bullion to trade higher on economic uncertainty - 2009 - Economy wins slowdown battle; loses against prices - "Monetary tightening will cause some pullback" - Spinning mills in Punjab to benefit from global recovery - Upbeat FM sees 8% growth Overseas shipments were $11.16 billion in November 2008. However, during April-November this fiscal, merchandise consignments dropped by 22.3 per cent to $104.24 billion compared to $134.2 billion in the same period of 2008-09, according to the official data released today. The downfall in exports started in October 2008 due to impact of the global economic downturn, which became worse after the collapse of iconic US banker Lehman Brothers. Meanwhile, imports continued to slide for the 11th straight month and dipped by 2.6 per cent to $22.88 billion in November from $23.48 billion in the same month in 2008. Imports were valued at $170.43 billion in April-November 2009-10 against $234.35 billion in the first eight months of last fiscal, a contraction of 27.3 per cent. The trade deficit in the month under review narrowed to $9.69 billion from $12.32 billion in November 2008.


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