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Formula One to focus on India, track foundation in Oct
Brushing aside government"s stand that Formula One is not a sport, F1 supremo Bernie Ecclestone today said the foundation stone of the race track in India would be laid in October for the showpiece event next year.

Posco Foundation formed
Posco India Limited which is setting up a 12-million tonne per annum steel plant in Orissa has announced the formation of the Posco Foundation for carrying out various social welfare programmes focusing on development of underprivileged sections of the society.

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Project management gathers momentum as infrastructure grows
Over eight years ago, engineering and construction major Larsen and Toubro (L&T) decided to join hands with the Shailesh J Mehta School of Management at the Indian Institute of Technology (IIT) Bombay. The purpose was designing a programme in project management to bridge the human resource (HR) gap in the industry.
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US needs to build climate partnership with India: Kerry

Against the backdrop of India"s insistence that it would not accept any legally binding emission reductions, a top US Senator has said the Obama Administration needed to build a “flexible” climate partnership with New Delhi to address the issue of global warming. - US needs to build climate partnership with India: Kerry - Clinton briefs Miliband on her "wonderful" India trip - Clinton to embark on seven-nation African safari in August - US open to conditional talks with North Korea - Iran insists it has no plans to build nuclear weapons - US forged most comprehensive engagement with India: Clinton Senator John Kerry, Chairman of the powerful Senate Foreign Relations Committee, said the recent visit of Secretary of State Hillary Clinton to India offered a fresh reminder of the challenges being faced in this regard. “India"s rhetoric was as strident as we ever heard China"s, so we need to build a climate partnership with India, too; working from the same principles, but respecting the massive differences,” Kerry told reporters yesterday. Environment Minister Jairam Ramesh had said after his meeting with Clinton that India would not accept any legally binding emission reductions but made it clear that the country was not running away from its responsibilities on the issue. “If India took full advantage of its energy efficiency opportunities, experts say it could substantially reduce its construction of new power plants,” Kerry said. “Some even suggest that it wouldn"t have to build another power plant for a decade, if it took advantage of those energy efficiencies.” “Ultimately, our climate diplomacy depends on building a framework that is flexible enough to accommodate individual countries" wants and needs, but firm enough to bring all of us on board and hold all nations accountable,” he said.


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