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India will not monitor 26/11 trials in Pakistan: Krishna
In response to Pakistan"s announcement that it would begin trials of the suspects held for Mumbai attacks from October 3, Indian External Affairs Minister S M Krishna has said that India would not "monitor" these proceedings.

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Tata Steel's skills on 'people issues' need honing: MD
Having faced delays in land acquisition for several projects, Tata Steel would have to sharpen its skills in dealing with people issues, said Managing Director H M Nerurkar.

News of the day

FinMin keen on ONGC, Indian Oil FPOs
The finance ministry is keen on selling stakes in Oil and Natural Gas Corporation (ONGC) and Indian Oil Corporation (IOC), but follow-on public offers (FPOs) in the two bluechip public sector units (PSUs) are unlikely, as unresolved issues are affecting valuations. Disinvestment Secretary Sunil Mitra last month wrote to his counterpart in the petroleum ministry, R S Pandey, seeking comments on “public offerings from the government’s shareholding” in ONGC and IOC. The petroleum ministry is of the view that raising funds from the capital market was not prudent till issues like fuel pricing and subsidies were resolved, which were affecting share prices of ONGC and IOC, sources in the know said.
International Business

Tatas to promote IT SEZ in Chennai

Tata Realty and Infrastructure Ltd (TRIL), a 100 per cent subsidiary of Tata Sons Ltd, will invest Rs 3,500 crore in setting up an information technology (IT) Special Economic Zone (SEZ) at Taramani, Chennai. The project will have both commercial and residential projects. - Adani Group intends to increase area of its SEZ in Mundra - Govt"s green SEZ policy favours solar power - Govt likely to prune states" infra allocation - Motif eyes SEZ space for new centre - Posco asked to file afresh for SEZ - Finance commission group wants five GST exemptions The project is named Ramanujan IT City, in memory of the legendary mathematician, Srinivasa Ramanujan. It will come up on 26 acres off the Old Mahabalipuram Road. This project also envisages development of a premium residential community called ‘Cambridge Greens’, to be ready for occupancy by mid-2011. It is being promoted by TRIL Infopark Ltd, a joint venture between Tata Realty and Infrastructure Ltd, state-run Tamil Nadu Industrial Development Corporation & Indian Hotels Company Ltd. There will also be a premium retail mall and entertainment centre, besides an international convention venue. Cambridge Greens will comprise 150 ‘super luxury’ apartments, each between 2,000 and 3,000 sq ft. Sanjay Ubale, managing director and chief executive officer of TRIL, said: “Chennai is fast emerging as a hub of technological advances, especially in IT. Ramanujan IT City aims to be the most sought property in the vicinity, with excellent connectivity, concentration on social infrastructure and contemporary architectural design. The residential complex, Cambridge Greens, will have walk-to-work convenience with the adjoining IT SEZ and retail mall, comprising leading international brands. It is our endeavour to offer world-class amenities and services catering to upwardly mobile people.”


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