TNM

Study says; Placozoans closest living ancestor of animals

Study says; Placozoans closest living ancestor of animals According to the latest evidence, the closest living ancestors of animals are large amoeba-shaped, multi- cellular placozoans.

An entire U-turn has been taken from the old and traditional though that a course from simple to complex was followed by evolution, from sponge to chordates or animals having backbones. Now the latest research suggests that there was a parallel evolution of lower animals like placozoa, corals and jellyfish to higher animals like vertebrates.

East Zone bamboozled by Rajesh Pawar

East Zone bamboozled by Rajesh Pawar In the Duleep Trophy semifinal at th

Q3 net loss of Aditya Nuvo at Rs 156 cr

Q3 net loss of Aditya Nuvo at Rs 156 cr A net loss of Rs 156 crore in the third quarter ended December 31 was recently reported by Aditya Birla Nuvo, which has interest in telecom, BPO, garments and insurance, against a net profit of Rs 30 crore in the same period last year. There was 17% growth in the net sales to Rs 3,429 crore.

A lower net profit of Rs 219 crore was reported by telecom business, due to a hit by the start up costs in Mumbai and Bihar.

CCEA approved infrastructure projects worth Rs 34,000 crore

Foreign Minister Pranab Mukherjee The Cabinet Committee on Economic Affairs (CCEA), chaired by Foreign minister Pranab Mukherjee gave nod to various infrastructure projects worth Rs 34,000 crore on Wednesday. It includes the Chennai Metro project, Krishnapatnam port project in Andhra Pradesh and many more projects to push demand in infrastructure sector in the midst of recessionary waves across the globe.

CCEA approved foreign direct investment (FDI) worth Rs 957 crore in Krishnapatnam Port Company Ltd and 45 km long Phase I of the Chennai Metro project with estimated cost of Rs 14,600 crore.

Indian economy to grow at 7-7.5 % next fiscal as well: Nath

Indian economy to grow at 7-7.5 % next fiscal as well: Nath It would be quite good to know that India might continue to maintain growth rate of 7-7.5 per cent next fiscal, the same level it is expected to register in the current fiscal. The news comes when lower growth projection of 8 per cent in 2009 by our neighbor China was termed as a tall order.

Commerce and Industry Minister Kamal Nath confirmed at the World Economic Forum, "We hope to continue at the same level of 7-7.5 next fiscal."

Pranab Mukherjee reviews mini-budget work

Foreign Minister Pranab MukherjeeForeign minister Pranab Mukherjee, on his first day in the finance ministry, expressed satisfaction over credit policy adopted by RBI and said economic booster released by government is working well and yield more results very soon. He also reviewed the preparation of the vote-on-account, to be present in the forthcoming session of Parliament, with top officials of finance ministry, all the secretaries in the ministry, chairman and members of the Central Board of Direct Taxes and the Central Board of Excise and Customs.

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