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Markets extend losses
The Sensex is quoting at 16,633, down by 232 points and the Nifty is placed at 4,922, lower by 81 points.

Oil dips but stays above $74 in Asian trade
Oil prices dipped but stayed above $74 in Asian trade today as demand uncertainty weighed on investors already wary from recent economic policies in the United States and China.

News of the day

Car prices set to increase by January
Come New Year, cars will be costlier with automakers like Toyota and General Motors today saying that they will hike prices by up to three per cent due to rising input costs, while the country"s largest car maker Maruti Suzuki India is still evaluating the situation.
Corporate

Large-scale faculty positions in IITs, IIMs

Centrally-funded technical Institutions, including IITs and IIMs, are suffering due to about 25 per cent shortage of faculty, the Lok Sabha was told today. - Placements begin at IITs - CAT day 4 sees less turmoil - IIMs, Prometric blame virus for CAT glitches - IIM-A submits report on CAT, test still disrupted on 4th day - Govt seeks report on CAT fiasco - Mouse has eaten the CAT, laments Sushma">Mouse has eaten the CAT, laments Sushma The vacancy has arisen due to retirement and resignations in these top institutes, HRD Minister Kapil Sibal said in a written reply. Giving details of the vacancies, he said the faculty position in the IITs stands at 2,983 against the sanctioned strength of 4,267. Similarly, there are 388 faculty members against the sanctioned strength of 468 in the IIMs. The situation is no different in National Institutes of Technology (NITs) where the faculty position stands at 2603 against the sanctioned strength of 3747. The scenario is critical in Indian Institute of Science, Bangalore where there are only 210 faculty members while the sanctioned strength is 478. The vacancy is over 50 per cent in Schools of Planning and Architecture. Against the sanctioned positions for 127 teachers, there are only 62 faculty members in these institutes. There are 54 vacant posts in Indian School of Mines which has sanctioned strength for 192 faculty members. The recent pay revision of teachers of these institutes will help in attracting and retaining teachers in these institutes, he said.


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