Archive for the 'EDUCATION' Category

Weight Drives the Young to Adult Pills, Data Says

Saturday, July 26th, 2008
Published: July 26, 2008
A growing number of American children are taking drugs for a wide range of chronic conditions related to childhood obesity, according to prescription data from three large organizations. The numbers, from pharmacy plans Medco Health Solutions, Express Scripts and the marketing data collection company Verispan, indicate that hundreds of thousands of children are taking medication to treat Type 2 diabetes, high blood pressure, high cholesterol and acid reflux — all problems linked to obesity that were practically unheard-of in children two decades ago. The data, disclosed publicly in recent months or provided at the request of The New York Times, shows that concerns that children will be taking adult medications — heightened recently by a controversial recommendation by a national pediatricians group — are already a reality. This month, the American Academy of Pediatrics said that more children, as young as 8, should be given cholesterol-lowering drugs. The recommendation was quickly attacked by some experts as a license to put children on grown-up drugs. While the drugs do help treat the conditions, some doctors fear they are simply a shortcut fix for a problem better addressed by exercise and diet. Even so, some pharmaceutical companies are developing new versions, including flavored ones, of adult medications for children. While some of the percentage increases in the three analyses are significant, doctors empha-size that prescriptions of these drugs to children still represent less than 1 percent of their sales. Express Scripts and Medco developed estimates of how many children might be taking such drugs by extrapolating their data — involving a total of more than four million children — across the broader population. The companies use different assumptions to reach their estimates, but the data suggests that at least several hundred thousand children are on various obesity-related medications. The greatest increase occurred in drugs for Type 2 diabetes, with Medco’s data showing a 151 percent jump from 2001 to 2007. Medco’s data, released in May, showed that use of drugs to treat acid reflux problems in children, often aggravated by obesity, increased 137 percent over seven years. Its analysis also showed an 18 percent increase in drugs to treat high blood pressure and a 12 percent increase in cholesterol-lowering medications during the seven-year period. Express Scripts found a 15 percent increase over three years in drugs to treat cholesterol and other fats in the blood, a category that is primarily statins. “We were amazed at how quickly the rates of drugs used have climbed,” said Dr. Donna R. Halloran, an assistant professor at St. Louis University who worked on the Express Scripts analysis, presented at a meeting of the American Public Health Association in November. Verispan data recorded a 13 percent increase in high blood pressure prescriptions in the under 19 age group from 2005 to 2007. Its numbers show, however, a less than 1 percent increase during the period in cholesterol-lowering drugs in children. Doctors and some financial analysts have said that less pronounced increases in cholesterol drugs compared with some other medications — seen in all three analyses — reflect a wariness by some doctors about using those drugs in children. Some experts have expressed concern that the increases in many of these obesity-related drugs reflect a systemic failure, with doctors and parents turning to them because they find lifestyle changes too difficult to implement or enforce. “I think a lot of people in pediatrics, myself included, are struggling with what is the right management to do for these kids,” said Dr. Russell L. Rothman, an assistant professor at Vanderbilt University, who recently surveyed doctors and found wide variations in how children were being treated. “You see elevated blood pressure, or elevated sugars, or elevated cholesterol and you try exercise and diet and you don’t see any improvement,” Dr. Rothman said. “I worry that some providers and some families are looking for the quick fix, and are going to want to start medication immediately.” Some pediatricians say they have been treating children with statins for several years. Dr. David Collier, director of a pediatric weight management center at East Carolina University in Greenville, N.C., an area where 45 percent of the children are overweight, is among doctors who support the recent recommendations that statins may be warranted in some children as young as 8. “We have been using statins for two or three years now,” he said. One of his statin patients, he said, was a 6-year-old girl. Dr. Collier, who describes his location as “right smack dab in the middle of the stroke belt,” believes that aggressive therapy is needed to prevent a health crisis. “It’s hard to overstate the size of the problem,” he said. Dr. Francine R. Kaufman remembers a patient, a 13-year-old girl, whose weight had ballooned to 267 pounds. The teenager appeared destined for the same fate as her grandmother, who lost a leg to Type 2 diabetes. “To control her high blood sugar level, her high blood pressure, and her high cholesterol, this young girl left my office with five medications,” Dr. Kaufman, a pediatric endocrinologist in Los Angeles, told a Senate subcommittee last week during hearings on obesity in children. The girl stood out as unusual more than 10 years ago, but children with the same array of problems are increasingly seen in the diabetes center where she practices at Children’s Hospital Los Angeles, Dr. Kaufman said. Diet and exercise are tried first, but “lifestyle is really tough,” Dr. Kaufman said. Some of her patients live in neighborhoods without grocery stores and attend schools that do not offer physical education programs. “They deserve to be treated,” Dr. Kaufman said. “I think the slant from most of the media is that pediatricians are jumping to put kids on medications. That’s not true at all. Since lifestyle is so difficult, we have no other choice but to go to pharmacotherapy.” At Camp Pocono Trails, a weight loss camp in Reeders, Pa., that enrolls about 700 children each summer, owner Tony Sparber said that campers are arriving with medications, a pharmacopeia that include statins and diabetes medications. “You just look at these kids’ medical forms,” Mr. Sparber said. “You see kids with some very high-risk numbers. Cholesterol in the high 200s.” Experts say that the trend could balloon health care costs. As many as 30 percent of children nationwide are overweight. And children who start such medication often rely on the drugs for a lifetime and are prone to health problems as adults. Despite a push by the Food and Drug Administration to foster drug studies in children, many experts believe that many clinical studies in children have not been extensive enough. And adult doses are often not correct for children. The agency publishes a list of drugs for which pediatric versions are needed. So far, the size of the pediatric market is not big enough to make it profitable for companies to make special children’s formulas of drugs for disorders that commonly go along with obesity and high-fat diets. That appears to be changing. Madeira Therapeutics, based in Leawood, Kan., is formulating a liquid statin for children that will be sold in either grape, cherry or bubblegum flavor, according to the company’s chief executive, Peter R. Joiner. Madeira became interested in the drug to treat children with a genetic cholesterol condition, familial hypercholesterolemia, which strikes 1 in 500 children regardless of their diet. The recent American Academy of Pediatrics statement adds to the potential market, according to Mr. Joiner. The company, whose liquid statin may be available by late 2010, is also interested in a liquid oral diabetes medication. “Because of the obesity epidemic in the United States, we see diabetes as another important area for contribution,” Mr. Joiner said. A nonprofit group in Cambridge, Mass., the Institute for Pediatric Innovation, is working to encourage the reformulation of medications for children. Dr. Stephen P. Spielberg, the former dean of Dartmouth Medical School, is leading the effort. “What we’ve learned over the years is that the way in which the body handles medicines, the half life of a medicine, how it’s metabolized, how it’s excreted by the body, does vary, from babies all the way up to adolescents,” Dr. Spielberg said. Hypertension medications present a particular challenge in dosing for children. “Even in clinical trials where adult pills were crushed and such, you often can’t even demonstrate that the medication works,” he added. Medco cautioned that hypertension data can be misleading because some children with attention deficit disorder are treated with hypertension drugs. The most significant increase in the use of drugs for children has been in oral medication for Type 2 diabetes. And some doctors believe much of those prescriptions were “off-label” use of the drug, metformin, to treat prediabetes, which may affect two million children nationwide. But some doctors object to the use of metformin for that purpose in children, even though studies have shown it may prevent diabetes in young adults. “There are no studies like this in children,” said Dr. Tamara S. Hannon, a pediatric endocrinologist at the Children’s Hospital of Pittsburgh. “The argument may be that we know what happens in adults, so the same should happen in children. It’s been proven untrue in several cases in the history of medicine.”
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Maniratnam’s son, 16, a star at CPM meet

Wednesday, April 2nd, 2008
The 16-year-old son of filmmaker Maniratnam has created a buzz by joining as a red volunteer at CPM’s ongoing all India congress in Coimbatore. Nandan Maniratnam, son of Maniratnam and actress Suhasini, is also the author oaf a 27-page pamphlet on Leninism. He said he was drawn to Marxism as it was the “most cogent, comprehensive and highly developed complex of theory and practice”. “India does not exist only in the cities, and even in the cities it does not exist only for the elite. India exists predominantly for the working classes and the peasants and in that section I am sure that Marxism, if conveyed correctly, will have enormous influence,” the Class XI student said. Nandan said he came on his own to serve as a volunteer and assist the foreign delegates at the CPM meeting. source: google news http://blogs.mindbodynsoul.com http://www.currentnewsaffairs.com Tags:

Discovery to bring in channel for DTH

Monday, March 31st, 2008
Nearly 13 years after launching in India, Discovery Communications may soon bring in a fourth channel exclusively for the direct-to-home (DTH) platform. Discovery Communications India currently has three niche offerings – Discovery Channel, Discovery Travel & Living and Animal Planet. Discovery Networks India Executive Vice-President and MD Deepak Shourie said that the DTH platform has been able to quickly penetrate cable homes by reaching out to 5 million subscribers within a couple of years. “We have a host of offerings at Discovery Communications and we may bring in a channel for the DTH platform exclusively this year,” Shourie told Business Standard at the launch of the Hindi feed of Animal Planet. Discovery Communications globally offers channels such as Discovery Health, Military Channel, TLC, Science Channel, Investigation Discovery among others. The group might bring in one of these channels for the DTH platform, sources indicated. Currently, only BBC Worldwide offers two channels (BBC Entertainment & CBeebies) exclusively for Tata Sky. Apart from Dish TV and Tata Sky, the two private DTH operators currently offering their services to 5 million subscribers, four more DTH entrants are scheduled to launch their services this year, fuelling the demand for exclusive channels for DTH. Discovery Networks India has decided to air Animal Planet with Hindi feed after the Discovery Channel. This move is aimed at attracting more advertisers as the Hindi feed will cater to viewers with different profile as against the viewers of English language Discovery and Animal Planet channels. Shourie termed the partial roll-out of conditional access system (CAS) in Delhi, Mumbai and Kolkata as a complete failure. “The government should first take stock of the situation arising out of the CAS failure before extending it further. With DTH services likely to become cheaper once more entrants start their services, viewers will prefer DTH over cable,” The niche television entertainment genre is currently dominated by the three Discovery channels that directly compete with National Geographic and History Channel, its rivals. According to industry sources, the niche television entertainment genre is worth about Rs 110-120 crore with Discover Networks having a major share. Discovery Communications reaches 1.5 billion cumulative subscribers across 170 countries led by Discovery Channel, TLC, Animal Planet, HD Theater among other offerings. Discovery Communications is owned by Discovery Holding Company, Advance/Newhouse Communications and John S Hendricks, Discovery’s founder and chairman. source: google news http://www.currentnewsaffairs.com http://blogs.mindbodynsoul.com Tags:

Firefox thrives, Netscape fades

Monday, March 3rd, 2008
Firefox, the open-source Web browser, has claimed that it crossed half a billion downloads worldwide last week. The browser that was born from Mozilla, the free cross-platform open source Web browser framework, turned out to be the most popular of the “open” alternatives to Microsoft’s Internet Explorer. It acquired new users at a steady 20 million-a-month during 2007. However, its overall share among leading browsers in use is estimated to hover around 17 per cent. Firefox 1.0 was released in November 2004 as an experiment within the Mozilla Project and the currently available free download is version 2.0.0.12 — a 5.7 MB tool. However, version 3 is already in the beta or testing stage and has incorporated some 1,300 changes. An edition optimised for portable phones called Mozilla Firefox for Mobiles will be available later this year, to start with for the Windows Mobile and Linux platforms. AOL’s recommendation

Ironically, Firefox’s surge forward in the browser stakes comes in a week that also saw the passing into history of the iconic browser Netscape, which for millions of users provided their first feel of surfing the world wide web in the Internet’s dawn, the early 1990s. On Saturday AOL, which has owned Netscape since 1994, withdrew the browser’s life support system and recommended users to change over to Firefox or Flock, two browsers which like Netscape are also based on Mozilla. Netscape was not the Internet’s first browser — that honour goes to Mosaic — but it was crafted by American software engineer Marc Andreessen who created Mosaic when he was a student. The market share of Netscape dwindled after Microsoft entered the field with Internet Explorer. By 2006, Netscape was being used by just 1 per cent of surfers. As of today, it will still be operational. But AOL has stopped all active support, which will effectively kill it very soon… a sad day for those who recall, with fondness, its friendly look-and-feel. source: google news http://blogs.mindbodynsoul.com http://www.currentnewsaffairs.com Tags:

Laser could provide breath test for cancer, asthma

Wednesday, February 20th, 2008
A new laser analyzer might be able to help doctors detect cancer, asthma or other diseases by sampling a patient’s breath, researchers reported on Tuesday.The device uses mirrors to bounce the laser’s light back and forth until it has touched every molecule a patient exhales in a single breath, the team reported in the journal Optics Express. This can help detect minute traces of compounds that can point to various diseases, including cancer, asthma, diabetes and kidney malfunction. “This technique can give a broad picture of many different molecules in the breath all at once,” Jun Ye, who led the research at the University of Colorado. Ye’s team at a joint institute of the National Institute of Standards and Technology and the university developed a new technique, called cavity-enhanced direct optical frequency comb spectroscopy. When animals and people breathe out, they exhale not only gases that are not needed, such as carbon dioxide, but also compounds that result from the metabolism of cells. “To date, researchers have identified over 1,000 different compounds contained in human breath,”  Some point to abnormal function — such as methylamine, produced in higher amounts by liver and kidney disease, ammonia produced when the kidneys are failing or elevated acetone caused by diabetes. People with asthma may produce too much nitric oxide, exhaled in the breath, while smokers produce high levels of carbon monoxide.  source: google news http://www.currentnewsaffairs.com http://blogs.mindbodynsoul.com   Tags:

Repairs Complete on 2 Internet Cables

Tuesday, February 12th, 2008
Traffic has returned to normal on undersea Internet cables in the Mediterranean Sea and Persian Gulf that were cut last month, causing disruptions across the Middle East and parts of Asia, cable owner FLAG Telecom said Monday. Repair ships completed work over the weekend on both the FALCON cable in the Persian Gulf 35 miles north of Dubai and the FLAG Europe-Asia cable about 5 miles north off the Egyptian port city of Alexandria, U.K.-based FLAG said in a statement on its Web site. The Gulf cable carries Web traffic between Oman and the United Arab Emirates, and the Mediterranean cable carries it from Africa to Sicily. FLAG, which stands for Fiber-Optic Link Around the Globe, earlier said an abandoned anchor caused the Persian Gulf cut, but it provided no details. The other cut is still being investigated, the company said. It remained unclear Monday whether a third cable that parallels FLAG’s Mediterranean cable — it’s called South East Asia-Middle East-West Europe 4 cable and is owned by a consortium of 16 companies — has been repaired. The consortium could not be reached, and FLAG did not work on that cable. The cuts slowed businesses, hampered personal Internet usage and caused a flurry of speculation, including mentions of sabotage. Government authorities and FLAG refused to comment on the speculation. The incident underlined the threats that Internet disruptions could pose to organizations and businesses worldwide. Large-scale Internet disruptions are rare, but East Asia suffered nearly two months of outages and slow service after an earthquake damaged undersea cables near Taiwan in December 2006. source: google news http://www.currentnewsaffairs.com http://blogs.mindbodynsoul.com   Tags:

Gurgaon again: MP schoolboy shoots mate

Friday, January 4th, 2008
BHOPAL: Less than a month after the shocking killing of a Class VIII student by two of his classmates in a Gurgaon public school, a 16-year-old Class X boy on Wednesday shot a student junior to him with his father’s pistol near a village school in Satna district of Madhya Pradesh. This murder by a schoolboy, seen together with the Gurgaon killing and the murder of a student in Noida by his former classmates last month, shows a disturbing rise in violence involving students which until now was reported only from the US. Reports coming from Satna say that the 16-year-old suspect is a student of a government school while the victim, Dharmu Koli, was 15 years old and junior to him in school. The senior student apparently shot Dharmu with a country-made pistol when he was returning home after taking an exam. The grievously injured boy died while being taken to a nearby hospital. The incident occurred at 1pm at Chor-Bari village in north Madhya Pradesh. The 16-year-old boy was going to school, when he saw Dharmu. No altercation took place — he simply took out a “katta” that belonged to his father and shot Dharmu, said district officials. Dharmu lived with his mother and two younger sisters. His father, a labourer, had gone to a neighbouring state in search of employment. Since the incident took place near Dharmu’s house, his mother identified the shooter. She told the police that the two had had fights for over a week. She said Rahul’s father, Munna Singh, is a landlord and possessed a number of weapons.   ”The boy has been arrested and is being interrogated. We know that they had a dispute. But we are investigating the Wednesday incident,” he said. “The boy used his father’s desi ‘katta’ to shoot Dharmu,” he said. The district administration has ordered a magisterial inquiry into the killing. It is not uncommon for influential villagers to own arms in the Rewa and Satna districts bordering Uttar Pradesh. source: google news http://blogs.mindbodynsoul.com http://www.currentnewsaffairs.com   Tags:

Taslima asks Centre to reconsider

Friday, December 21st, 2007
This time it is not the Marxists but the UPA government that has decided that controversial Bangladeshi writer Taslima Nasreen cannot return to her adopted city of Kolkata. Moreover, Nasreen has been told that if she wants to live in Delhi, she will not be allowed to take part in any public functions. Taslima Nasreen said that the decision had been communicated officially to her by a senior official of the Ministry of External Affairs. Nasreen also claimed that her security was cited as the reason for the Centre’s decision. The controversial author, who has already withdrawn parts of her writing considered offensive to certain Muslim groups, has been in hiding for the past month. Breaking down on the telephone, she claimed that she was being made to live under house arrest. ‘’I appeal to the government to change its mind,'’ she said. Nasreen also asserted that she will leave India if she is refrained from returning to Kolkata. The author has been in a government safe house since November and has courted trouble over her perceived anti-Islamic writings. Taslima says she has been placed under virtual house arrest but the Home Minister has refused to comment on this. Meanwhile, the CPM, which had sent Taslima off to Jaipur last month, washed its hands off her, saying that this was between Taslima and the government. ‘’It is between Taslima and the Central government and we have nothing to do with this,'’ said Shyamal Chakravarthy, Leader, CPM. The Congress party too reiterated its earlier stand that no one who is allowed to stay in India can hurt the sentiments of the people. While the government adopts an indifferent attitude, there are some voices of support for Taslima. Shaonli Mitra a Theatre personality said, ‘’I don’t know Taslima personally, neither am I fond of her writings. But I think it is shameful on the part of the Indian government to have conveyed this message to her. It shows India in poor light.'’ Kaushik Sen another theatre personality, said ‘’Taslima must come back to Kolkata. She loves this city and wants to stay here. She must be allowed to come back. What is happening with her can set a dangerous precedent. If you don’t like her writing, don’t read her books but she must be given freedom of expression.'’ He said that some mobs will demand something in future and we will have to give in.
source: google news http://blogs.mindbodynsoul.com http://www.currentnewsaffairs.com Tags:

Set up Business in UK

Thursday, October 25th, 2007
PARADIGM SHIFT    There’s a visible change in the kind of Indians who are choosing to immigrate to the UK. Now the high-end investor category visa is a big draw, finds Ishani Duttagupta   

   FORGET those unhappy images of impoverished and semi-literate young people from Punjab, selling their family land and running away on a mission to immigrate to the UK—in many instances falling prey to unscrupulous agents and being illegally trafficked. In fact, moving to the UK these days is no longer an act of desperation or dare-devilry by adventurous young men from Punjab. The latest statistics from UK Visas, the department that manages migration matters at the British High Commission in Delhi, shows a humungous 500% hike in the investor category of visas in the last twoyear period (April 1, 2005 - March 31 2006 and April 1, 2006 to March 31, 2007). In the same period, work permits for UK went up by 37% and sole representative visas - another category of business visas - went up by 27%. 

   The typical profile of an HNI moving to UK today is probably an young business person with a substantial amount of money to invest, who’s looking at London as a global base. He or she is probably eyeing the markets in Europe and planning to tap the London Stock Market at a later stage. In fact, high net worth Indians who are moving to the UK are providing a leg-up to London’s burgeoning property market too, feel real estate experts. “Many wealthy Indians who are arriving in London are buying high-end properties in premium locations such as Knightsbridge, Kensington, Mayfair and Belgravia. In fact, many of the new Indian immigrants are giving other nationalities a run for their money when it comes to acquiring upscale property. This is a big change from yesteryears when Indian immigrants settled down in modest, middle-class areas such as Southall, Norwood Green and Tooting,” says Superna Sethi, founder of UK’s premium property development firm Manhattan Properties. 

   The investor category visa - which is an ideal vehicle for HNIs from India looking to go global - is meant for those who have at least 1 million pound sterling in their kitty to invest in the UK. Of the entire amount, at least 750,000 pounds must be invested in unit trusts, private companies, off-shore companies and banks or building society accounts. The remaining 250,000 pound sterling may be invested according to the immigrant’s wish. 

   UK-based solicitor and founder of law firm Optimus Law Group, Ms Mona Chawla, feels that the biggest advantage that this category of visa has for well-heeled applicants is the fact that they don’t have to work in UK in the traditional sense. “They can simply ‘invest’ in private companies or unit trusts in the UK and remain in the country to manage their investments. Unlike other UK business visas, applications for investment visas do not require candidates to actively partake in the day-to-day running of a business in the UK. In addition, unlike the skills-based HSMP and innovator visa, no comprehensive points-based assessment is required. An investor visa is intended as a potential route to settled status in the UK and unlike a UK work permit it is an applicant-led process. Investors visas place no work restrictions or time limits upon their holders as with the temporary business visit visa, and ultimately candidates may apply for permanent residence status leading in time to UK citizenship if required,” Ms Chawla told ET. 

   While those who go to UK under the investors’ category have to make UK their main home - they do not need to spend all their time in the UK, it can be only about 50% of their time. Ms Chawla adds that for owners of companies, the investor visa is a very good option considering that the sole representative visa only allows businesses to send their senior level employees to open a UK-based office of an already existing company in India, and the owner of the company will not be eligible under this category. “The biggest problem for the investor category, however, tends to revolve around transferring funds to the UK as the investor must have unrestricted rights to transfer or use the capital,” adds Ms Chawla. 

   Joanne Freeman, first secretary, trade & investment at the British High Commission in India feels that the opportunities the UK offers as the world’s leading investment destination (only after the US though) are helping to attract high net worth investors from India. “The investment climate is favourable and the UK has become a very good place to invest for Indian business people. For Indian entrepreneurs too, UK is among the best places to relocate their business because of similar business practices in the both the countries. It is the gateway to Europe and among the top three countries for investment globally. The favourable tax regime also helps,” Ms Freeman told ET. UK Trade & Investment and UK Visas have been working closely together in India in holding roadshows and field trips in states such as Punjab to increase awareness about business immigration to UK. “During the roadshows in Punjab, we’ve met many potential investors who are looking at relocating to UK under the investors’ programme. There are investors in that region who are looking at investments in sectors such as automotive industries, IT and agro-based businesses,” Mr Chris Feist, second secretary at the visa department at BHC said. 

   Another category of business visas that are attracting a lot of interest in India are the innovator category, which works for those entrepreneurs who have a business idea that will bring very considerable economic benefits to the UK. The entreprenuer category where the applicants will
have to invest £200,000 in a new
UK business and create full-time employment for at least 2 EU nationals can also benefit some Indians. “While there’s a lot of interest in the entrepreneur category, it’s a little tough for small entrepreneurs who have to create two jobs and invest 2 million pounds. Often they end up using the sole representative category instead, which is straight forward and does not require any investment. It also ensures visas for spouses and children,” says Mr Feist.
   Overall, business visas for
UK, including sole representative, investor, entrepreneur and innovator are now a big draw for Indians. Says Mr. Ranjit Malhotra, an advocate whose Chandigarh based law firm Malhotra & Malhotra Associates specialises in immigration and international law: “Business persons become eligible for settlement in the UK if they have spent a continuous period of five years there while being engaged in their business ventures. The applicant is permitted to travel overseas for business promotion trips. This is very helpful for Indian nationals who may have cross-border business commitments. However, one has to be cautious about the absences abroad, since they may have an adverse impact at a later point of time when permanent settlement is being considered.” 
   Mr Malhotra, however, has a word of caution for business immigrants. “Documentation should be meticulous and supported by proof such as business plans, income tax returns, audited balance sheets, bank statements for the last two years, brochures and website details are also important. Track record of the investor is a major issue. In case of sole proprietorship/partnership money should not be pumped into bank accounts all of a sudden. The investor applicant should have a solid financial background and a good stable profile. Also, the business investor should not have any hidden agenda and be actively involved full-time in trading or providing services on his own or in partnership, or in the promotion and management of a company as a director,” he says.

ALL INDIA VISA STATS FOR 2006 FOR UK


Family visitors:
Over 87,000 Business/other visitors: Over 175,000 Students: Almost 20,000

WHY UK ATTRACTS HNIs
World’s leading investment destination (after US) A springboard for global growth that attracts more regional headquarters than any other location worldwide It is an investment multiplier, a jump-off point to further international growth    Source : Economic Times , Delhi  Comments : It is a very educative article to legally set up Business in UK , financial hub of the world .  www.commonwealthtv.tv       Tags:

TIGER ROARS

Tuesday, May 1st, 2007
Anil Ambani CHAIRMAN  Reliance Communications Ltd., India’s second-largest mobile services firm on way to be Global number one , said on Monday quarterly profit more than doubled, beating forecasts, on higher usage in the world’s fastest-growing mobile market. Reliance Com , which gets more than 65 percent of its revenue from wireless subscribers, said it plans to spend over 100 billion rupees ($2.4 billion) in the current fiscal year that began on April 1 to expand its telecoms infrastructure. The firm, which had more than 28 million users at end-March, said net profit for the quarter grew 154 percent to 10.24 billion rupees, beating a Reuters survey of nine brokerages which forecast on average 9.02 billion. The company said it would take a decision in the next six months on “unlocking value” in its Reliance Telecom Infrastructure unit, and a potential listing of undersea cable unit Flag Telecom. “We have a number of options in front of us. Listing is one of those options,” Chairman Anil Ambani told reporters at a news conference. Strategic partnerships or private equity investment in these two units were also being considered, Ambani said. He added the firm would aim to sustain its expansion in operating margins, which grew to 40 percent in 2006/07 from 24 percent a year earlier. “We have seen margin expansion across the board … Our objective is for sustainability.” Revenue for the quarter rose almost 33 percent to 39.37 billion rupees, but fell short of market estimates of 40.86 billion. Larger rival Bharti Airtel Ltd. last week reported its quarterly profit almost doubled to 13.53 billion rupees. Ambani said the company would also decide in the next two months on outsourcing its network and information technology services to enhance the quality of service. “We are at a negotiating stage with all the global dealers,” he said, adding that the deal value would be “hundreds of millions of dollars.” India has 12 telecoms firms which offer fixed-line and mobile services on GSM and CDMA platforms. In February, Vodafone bought a controlling stake in unlisted Hutchison Essar, India’s fourth-largest cellular operator. “I don’t see Hutch going away and Vodafone coming in its shoes should not really make a very big impact on the telecoms sector,” Ambani said, when asked about how the company would tackle competition from Vodafone. Shares in Reliance Communications rose 3.7 percent to 477.10 rupees in a Mumbai market that closed 0.26 percent down. The shares fell 10.9 percent in the January-March quarter, pressured in part by a failed bid for Huchison Essar, compared with a 5.2 percent drop in the benchmark index. Source Reuters Universal News Suggestions Tiger WE love you and ask of you tokeep roaring loudly for BHARAT Prince Mohan http;//currentnewsaffairs.com   Tags: