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'Varsities not to be controlled remotely'
Union minister for human resources development Kapil Sibal on Monday said the university education system in India was set for a major change to promote the habit of research on their own. Congratulating winners of the Infosys Prize 2009 instituted by Infosys Foundation via video conferencing from Delhi, Sibal said the government was taking steps to maintain independence of the universities so that they could not be ‘controlled remotely by any one’.

Oil prices down in Asian trade
Oil prices were lower in Asian trade today on profit-taking after an overnight rally, boosted by a report showing stronger US energy demand, analysts said.

News of the day

Infosys BPO to buy US back-office company
Will spend $58 million to acquire McCamish Systems
Corporate

Sensex swings zones; DLF slips 4%

The Sensex is swinging between zones owing to alternate bouts of buying and selling. The index is now at 16,878, down 34 points. - New market timings from Jan 4 ">New market timings from Jan 4 - Sensex trades flat; IT index firm - Bhushan Steel up on Sumitomo tie-up - Sensex weak in opening trades - Sensex opens soft - Pre-market: Bias still negative Hindalco and TCS have soared 2% each to Rs 145 and Rs 724, respectively. HUL, Sun Pharma and Wipro have added 1% each at Rs 267, Rs 1,584 and Rs 679, respectively. DLF is the major loser on the Sensex, down 4% at Rs 364. Bharti Airtel has slipped 2% at Rs 318. Reliance Infrastructure and HDFC Bank are down 1% each. The market breadth is positive, out of 2,580 shares traded, 1,670 have advanced and 823 have declined so far on the BSE.


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