Financial

London  - Wimbledon officials said Tuesday that there are no plans to change the daytime format of the Championships but refused to categorically rule out future play under the new lights which make their debut at this summer's edition.

The upcoming tournament will mark the initiation of the new moveable roof which will allow at least one match to continue when the inevitable rain arrives.

The 1,000-tonne monster covering 5,200 square metres will open and close in less than 10 minutes.

Chennai-based Polaris Software has finally declared its fourth quarter results on Monday.

The firm posted a 78.5 per cent growth in its net profit at Rs 130.71 crore during the year ended March 31, 2009 against Rs 73.22 crore in the previous year.

The company's Q4 net profit stood at Rs 32.1 crore versus Rs 37.16 crore, QoQ.

Apart from this, the company's total income rose 18 per cent to Rs 337.25 crore in the fourth quarter, from Rs 286.16 crore in the same period last fiscal.

Steel-pipe producer, Welspun Gujarat Stahl Rohren Ltd has announced the demerger of its Plate-cum-Coil mill into a 100% subsidiary.

A senior company executive commenting on latest situation said, "The move will allow better financial control, better fiscal efficiency by rationalization of various applicable taxes, duties and create an independent identity of high-end steel business."

Following the demerger, a separate team with independent board and management would be structured, he added.

Washington  - US President Barack Obama Tuesday called on Israeli and Palestinian leaders to take steps in the coming months to build confidence and establish a foundation for resuming peace talks.

Obama, meeting with Jordanian King Abdullah, said the United States plans to be deeply involved in the peace process to build a better future for Israelis and Palestinians.

"My hope would be that, over the next several months, that you start seeing gestures of good faith on all sides," Obama said.

Islamabad, Apr 21 : Pakistan Prime Minister's Interior Affairs Advisor Rehman Malik on Tuesday said that over 10,000 foreign militants were taking refuge in the tribal areas.

"Afghan currency and arms are being used in terrorist activities in Pakistan," the News quoted Malik as saying.