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MeritTrac plans to invest Rs 20-cr to up offerings
When the IIMs decided to award the contract to Prometric for conducting the Common Admission Test (CAT) online, and Pearson bringing its assessment brand to India, it must have been a wake up call for MeritTrac, a large assessment company. But, the company is not losing sleep.

HCL Tech bags $50 mn contract from UK-based Meggitt
Software company HCL Technologies today said it has received a contract worth around Rs 231 crore from UK-based defence equipment maker Meggitt for providing engineering services.

News of the day

Who reads Amar Singh's tweets?
After forcing Amar Singh to resign from all key posts of the party, the Samajwadi Party (SP) leadership has decided to ignore Singh completely. Singh is still blogging relentlessly against the party leaders on Twitter. But SP is unperturbed. “Who has the time to read those tweets? That will hardly create any impact,” quips Ramgopal Yadav, party chief Mulayam Singh Yadav’s brother and an SP general-secretary. What about a rebel Singh’s presence in the Rajya Sabha during the Budget session? The SP leadership has an answer. “The party will decide who will participate in debates and Singh is unlikely to get a chance to talk,” said a senior SP leader.
Small Business

Cabinet meet cancelled

A meeting of the Union Cabinet scheduled today was cancelled in view of Prime Minister Manmohan Singh"s visit to Kolkata to see the ailing CPI(M) leader Jyoti Basu. - Basu responding to treatment: Yechury - Basu"s condition improves marginally, says aide - PM to meet ailing Basu - Basu"s son deplores rumours - Basu on ventilator, condition "very critical" - Basu"s condition turns serious 95-year-old Basu, who is in a critical condition since yesterday morning, is on ventilator at a private hospital in Kolkata. Basu, who is suffering from acute pneumonia, was admitted to the hospital on Friday. His condition has "marginally improved" today, his personal assistant Jaykrishna Ghosh said quoting doctors.


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