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Needed a toughie
Long before the Commonwealth Games officials came to town to inspect the work being done, there was considerable disquiet in the Prime Minister’s Office over the lack of progress in the preparations. To help MS Gill, he was even given an assistant, Jarnail Singh, a former joint secretary in the PMO and a former chief secretary in Manipur. Instead of reducing the disquiet, the move has increased it. Singh is a gentleman but that’s probably the last thing you need right now. What makes things worse is that the other name doing the rounds at that time was that of V K Duggal. A go-getter, Duggal is a UT cadre officer and has served in Delhi long enough to know enough people to get work done — and being the home secretary till a few years ago also helps.

India growth unpredictable in 2010-20: Stratfor
Tagging India as a country of "endless unrealised potential", a US-based strategic think-tank today said that the south Asian country"s growth would be "unpredictable and uneven" in the decade starting 2010.

News of the day

Ashok Leyland JV to produce die castings
Commercial vehicle manufacturer Ashok Leyland’s associate company, Ashley Alteams India Pvt Ltd (AAIPL) will commence manufacturing high pressure die castings. The production of the castings, which will primarily be for the telecommunications and automotive sector, will begin next month at the company’s new facility in Chennai.
Public Company

RICO targets Rs 1,000 cr turnover this fiscal

Diversified auto component maker RICO Auto is looking to achieve Rs 1,000 crore turnover this fiscal on the back of investment in new models and sales growth in both domestic and overseas market. - Federal-Mogul Goetze June qtr net jumps two-folds at Rs 16 cr - Bharat Forge June qtr net dips 96% to Rs 96 lakh - Rane Brake Lining Q1 net profit soars three fold - Govt may sell 15% stake in Coal India - India changing road sector investment norms: Nath - Indiabulls Real to seek shareholders" nod for investment "We are looking at a turnover of Rs 1,000 crore in this fiscal up from Rs 700 crore in the last fiscal. We hope to achieve this on the basis of good performance in both domestic and overseas market," RICO Auto Industries Managing Director Arvind Kapur said on the sidelines of ACMA annual convention. He said, the company has so far invested Rs 60 crore in this fiscal and plans to invest another Rs 40 crore in the remaining half on the new models. The investments would come from company"s internal accruals and debts, he added. "In our plant, we are running short of capacity because we didn"t accept demand to take off. Therefore, we will add 25 per cent additional capacity this year," Kapur said. The company, which specialises in brake systems and dye-castings is also looking to increase its exports by 30 per cent in 2009-10. "Exports contributes to 40-45 per cent to our total sales and we are hoping to achieve good numbers from this segment," Kapur said. The company is is aiming to achieve an overall margin of four per cent this fiscal, up from last year"s two per cent, he added.


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