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India's first stem cell institute to come up in city
Bangalore has been chosen as the location to set up India’s first major stem cell institute. The institute for Stem Cell Biology and Regenerative Medicine, called inStem will be set up by the Department of Biotechnology (DBT), government of India at an investment of Rs 200 crore. http://smallpersonalloans.org.uk

Soni puts deputy in silent mode
Chowdhury Mohan Jatua, the minister of state of information and broadcasting (I&B), has solved many important cases in his career. But the former police officer is yet to learn to put his mobile phone in the silent mode. Recently, I&B Minister Ambika Soni had a press interaction along with Jatua. During the meeting, Jatua’s phone rang at least thrice and every time the meeting was interrupted as his ring-tone screamed the “Mitwa” song of Kabhi Alvida Na Kehna. A peeved Soni was forced to tell Jatua: “Either you attend the calls or find a way to put the phone in the silent mode.”

News of the day

Last date for Metro Rail RFQ applications sale extended
The last date for sale and submission of request for qualification (RFQ) applications for the Rs 12, 132-crore Hyderabad Metro Rail project is extended till December 14, 2009, from the earlier November 27.
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Subex posts Q2 net loss of Rs 3.2 crore

Bangalore-based telecom solutions provider, Subex, reported a loss of Rs 3.2 crore for the second quarter ended September 30, from a net loss of Rs 71.6 crore in the corresponding quarter last fiscal. - Tanla Solutions enters 5yr agreement with Nokia - Telenor gets nod to up stake in Unitech - Surana Telecom to offload 20% in solar power arm to FIIs - Trai to give suo-moto recommendations on uniform licence fee - Mansi Taneja: Can this man save BSNL?">Mansi Taneja: Can this man save BSNL? - Airtel launches mobile comic portal Revenue for the second quarter dipped 22.7 per cent at Rs 109.7 crore from Rs 142 crore registered in the same quarter last year. On a sequential basis (quarter ended June 30), the company had a net profit of Rs 35 crore — but revenue dipped 6.7 per cent from Rs 117.6 crore. “Our EBIDTA has moved from 14 per cent to 18 per cent. Business has stabilised along with order intake and future looks positive,” said Subhash Menon, founder chairman, managing director and CEO, Subex. The company also stated, in its announcement on the Bombay Stock Exchange, that it has invited holders of its outstanding $180 million (2 per cent) coupon convertible unsecured bonds, to offer exchange of any of such bonds for a new dollar denominated convertible bonds.


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