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Hiring activity up 4.1% in September: Study
Hiring activity is finally picking up steam among Indian companies. The job index, Naukri JobSpeak, increased by 4.1 per cent in September, compared with August. In terms of the three-month moving average, the index inched up from 715 in August to 719 in September this year, making it one of the best months since April-May when the job index was as low as 664.

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KVB net profit jumps 28%
Karur Vysya Bank has reported a net profit of Rs 75.87 crore for the quarter ended December 2009, registering an increase of 28 per cent over the corresponding period previous year. The bank had reported a net profit of Rs 59.25 crore in the same period last year, Karur Vysya Bank said in a filing to the Bombay Stock Exchange.

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Isro looking at 25 per cent revenue growth
The Indian Space Research Organistaion (Isro) is looking at 25 per cent growth in revenues this fiscal over Rs 1,000 crore attained last year, betting big on satellite launches and carrying space crafts of other countries.
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Gas supply from KG basin to cut ferti subsidy by Rs 3,000 cr

The government today said that natural gas from Reliance Industries" Krishna-Godavari basin fields will help cut fertiliser subsidy by about Rs 3,000 crore in 2009-10 fiscal. - RIL will have to pay royalty on KG basin gas: Govt">RIL will have to pay royalty on KG basin gas: Govt - PSU oil refiners to invest Rs 66,250 cr in next two yrs - Conduct field inspection in Krishna-Godavari basin: HC - Fertiliser Min voices concern over gas supply to urea units - NEWSALERT: RIL keen to ink deals with NTPC to sell gas - GAIL to invest Rs 7,500 cr in Dabhol, Kochi pipelines "This (D6 field of RIL) has led to substitution of naphtha by natural gas in gas-based urea units, leading to an expected savings in subsidy of approximately Rs 3,000 crore in 2009-10," Minister of State for Chemicals and Fertilisers Raghuvansh Prasad Singh told the Lok Sabha today. The fertiliser sector has been given the highest priority in allocation of natural gas from KG basin and the existing shortfall in supply of gas to urea units has been completely met from here, he said. Fifteen urea manufacturing units have been allocated 14.97 million standard cubic metres per day of gas from RIL"s D6 fields. Citing reasons for rising fertiliser subsidy, Singh said, "The increase in expenditure on subsidy is mainly due to the increase in international prices of fertiliser inputs and finished fertilisers over the last few years." According to data submitted to Parliament, the government"s expenditure on fertiliser has increased more than two-fold to Rs 99,494.71 crore during 2008-09 compared with Rs 43,319.16 crore in last year. In the current year, the estimated requirement of fertiliser subsidy has been assessed at Rs 77,425.19 crore, Singh noted. The government, however, has taken steps to improve efficiency of production and reduce subsidy outgo, he said, adding that it is encouraging Indian companies to invest in joint venture projects in fertiliser sector abroad and also the conversion of non-gas based units to gas. Under the current fertiliser subsidy regime, farmers are getting inputs at subsidised rates, which are much below the production and import cost, he added.


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