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V V: How to understand the global meltdown
“Consumer wants can have bizarre, frivolous, or even immoral origins, and an admirable case can still be made for a society that seeks to satisfy them. But the case cannot stand if it is the process of satisfying wants that creates the wants.”

Pearson expands footprint
Pearson, the British-based education and education technology company, which recently picked up a stake worth $30 million (around Rs 150 crore) in Educomp Solutions’ vocational business and online tutoring firm, TutorVista, is leveraging these tie-ups to increase its India footprint.

News of the day

Markets extend gains
The Sensex has extended gains and touched a high of 17,554 - up 90 points. The Nifty is up 30 points at 5,231.
Management

Tata Chemicals to expand edible salt production capacity

In order to expand its edible salt production capacity, Tata Chemicals Ltd has decided to set up a new plant at its existing facility located in coastal area of Mithapur in Gujarat. The edible salt plant will have a production capacity of 600 tonnes per day (TPD). - Ayurvedic researchers find aid to disease management - Food security law can"t cater to APL families - Ranbaxy gets Canada"s nod to mkt anti-hypertension drug - Sreelatha Menon: India's Fome Zero">Sreelatha Menon: India's Fome Zero - China buying, hedge funds help commodity stocks continue rally - CFTRI transfers tech to entrepreneurs "Apart from our existing production facility at Mithapur, Tata Chemicals is setting up a new salt plant. The investment for the proposed plant would be in the range of Rs. 150 to Rs. 170 crore", Arup Basu, chief operating officer-chemicals (India), Tata Chemicals today said while announcing its partnership with Cohesion Foundation Trust (CFT) to support students" hostels in Kutch region of Gujarat. The work for the edible salt unit having production capacity of 600 tonnes per day has already started and the company expects the plant to be operational within next two to three years. The chemical company of Tata Group produced 4.90 lakh tonnes of salt in 2008-09 and it expects to increase the production by 30,000 tonne to 40,000 tonnes in 2009-10.


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