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Tata ready to discuss Teesside with British PM
The closure would lead to loss of 1,700 jobs

Next stop Karnataka?
The BJP leadership fears the Congress party is likely to try and topple the Yeddyurappa government in Karnataka. With former chief minister and Janata Dal (Secular) leader H D Kumaraswamy knocking at the Congress door, the Karnataka Congress is waiting for the signal from the party high command to begin Operation Topple after the Budget session is over. Part of the plan, it appears, is to put pressure on business houses close to the Yeddyurappa government to distance themselves from the government.

News of the day

Markets extend gains
The markets have extended their early morning gains on the back of strength in energy, power and IT stocks. The Sensex is quoting at 16,958, up 266 points, and the Nifty has regained the 5k mark at 5067, up 81 points.
International Business

PC sales post 7% -ve growth for first time: MAIT

Personal computer (PC) sales in the country recorded a 7 per cent negative growth for the first time due to the economic slowdown during the last fiscal 2008-09. - ICICI Bank serves notice on HDFC Bank"s HR head - A powerful worry - Power outages cost India Inc over Rs 43,000 cr - FinMin to meet software industry on double taxation issue - BGR Energy bags Rs 16cr order from Maithon Power - PC vendors pin their hopes on India The total PC sale during the last fiscal (2008-09) was 67.9 lakh units, which indicates a decline of 7 per cent over the previous year (2007-08), Manufacturers" Association for Information Technology (MAIT) today said. But with the business sentiment gradually gaining momentum PC consumption in the current fiscal 2009-10 is expected to cross 73 lakh units registering a 7 per cent growth, it added. "IT consumption in 2008-09 was severely impacted, especially in the second half of the fiscal, by the slowdown. Notebook sales declined by 17 per cent compared to a 114 per cent growth in the previous year and sales of desktops also declined by 4 per cent," MAIT Executive Director Vinnie Mehta told reporters here. During the year 2008-09, multinational brands accounted for 51 per cent of the total desktop market registering an 8 per cent growth over the previous year. Meanwhile, the market share of the Indian brands fell to 18 per cent from 22 per cent. Assembled and unbranded systems also witnessed a de-growth in their market share to 31 per cent from 33 per cent in the previous fiscal.


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