Friday, October 17, 2008

Zimbabwe rivals united in power

Zimbabwe's president Robert Mugabe and opposition leader Morgan Tsvangirai have agreed to share political power. The agreement reached a consensus after four days of mediation at Harare, brokered by South African President Thabo Mbeki. The agreement would be signed and make public later. Post agreement, Mr Tsvangirai would be Prime Minister with Mr Mugabe continuing as president.

Monday, October 13, 2008

Indian logistics industry likely to grow 15 - 20 %

According to a report by Cushnam and Wakefield the Indian logistics Industry is expected to grow at 15% to 20 % per annum by 2015. As per C& W estimates, the marker share of organized logistics players is likely to double to approximately 12% in the same period. The new logistics centers will give big boost to the industrial activities in the country. The report also revealed that 110 logistics parks spread over 3,500 acres at an estimated cost of $1 billion are expected to be operational by2012. Around 45 million sq ft of warehousing space will be ready in the next four years.Also fdaware.com.

Wednesday, October 1, 2008

Happy 100

The Coonoor - Udhagamandalam (OOTY) mountain railway train, which was featured in Bollywood blockbuster song " Chhaiyya Chhaiyya" in the film "Dil Se", will turn 100 on October 15. A star attraction for tourists, it offers a breathtaking view of the enchanting flora and fauna of the Nilgiris. It was on October 15, 1908 that the first train chugged in Udhagamandalam (OOTY) from Coonoor, much to the delight of the local people. This 18 km lomg line is part of the 46-km long mettupalayam- Udhagamandalam Nilgiris Mountain Railway (NMR), which has been accorded UNESCO world heritage status. While the NMR, an engineering marvel which uses a rack and pinion system, was thrown open to the Public on June 15,1899, it was extended upto Udhagamandalam only in 1908. In 1882 Swedish inventor Riggenbach came up with the idea of a "Nilgiri Railway".