While it has always been felt that IITians take more than they give to the society, a study carried out by PanIIT, an organisation of all the seven IITs in partnership with the India Brand Equity Fund, has highlighted the contribution made by IITians for economic value addition, job creation and managing huge budgets over the past 50 years in India and abroad. The study emphasised the economic impact created by them in terms of wealth creation and social transformation.
Seoul - South Korea's GM Daewoo Auto and Technology Co, a subsidiary of the financially troubled US carmaker General Motors Corp, said Tuesday that it would halt a production line in December because of sagging sales brought on by the global financial crisis.
The assembly line for mid-sized cars and sports utility vehicles at GM Daewoo's largest plant at Bupyong near Seoul is to come to a halt from Monday through January 4, a company spokesman said in Seoul.
A second production line at Bupyong for compact cars is to be closed down from December 22 to January 4, just like GM Daewoo plants at Kunsan and Changwon.
Dunlop Chairman Pawan Kumar Ruia, asked for 12-year sales tax exemption from the government to save the industry from impact of the global slowdown. The company needs Rs 70 crore to resume operations and it has applied for bank loan which would be sectioned within 2-3 months. Ruia is also meeting the state Labour Minister Mrinal Banerjee for seeking tax exemptions to achieve long-term revival plans of the company.
UK-based Cobra Beer is looking at setting up wineries in the country besides investing more in expanding the company's beer business in the domestic market.
Cobra Beer Promoter and Chairman Karan Bilimoria said "There are many locations in the country such as Uttarakhand and Karnataka where wineries could be created and we are studying the possibility of setting of wineries in the country".
Westinghouse Electric Co. with headquarters in US, expected to supply nuclear reactors to India, would transfer technologies to local firms and would also work closely with industries here.
Westinghouse Vice- President - Government Affairs (Europe), Mr Fernando Naredo said "We will be transferring our technologies to the local industries and even expand them."
He further added, "We buy and build reactors and we give the technology to locals and buy from them, that is our philosophy throughout the world for the last 30 years".
While it has always been felt that IITians take more than they give to the society, a study carried out by PanIIT, an organisation of all the seven IITs in partnership with the India Brand Equity Fund, has highlighted the contribution made by IITians for economic value addition, job creation and managing huge budgets over the past 50 years in India and abroad. The study emphasised the economic impact created by them in terms of wealth creation and social transformation. 
Sydney - Anglo-Australian mining company BHP Billiton Ltd said Tuesday the 
Seoul - South Korea's GM Daewoo Auto and Technology Co, a subsidiary of the financially troubled US carmaker General Motors Corp, said Tuesday that it would halt a production line in December because of sagging sales brought on by the global financial crisis.
Dunlop Chairman Pawan Kumar Ruia, asked for 12-year sales tax exemption from the government to save the industry from impact of the global slowdown. The company needs Rs 70 crore to resume operations and it has applied for bank loan which would be sectioned within 2-3 months. Ruia is also meeting the state Labour Minister Mrinal Banerjee for seeking tax exemptions to achieve long-term revival plans of the company. 
UK-based Cobra Beer is looking at setting up wineries in the country besides investing more in expanding the company's beer business in the domestic market.
Westinghouse Electric Co. with headquarters in US, expected to supply nuclear reactors to India, would transfer technologies to local firms and would also work closely with industries here.
