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Ratan Tata says no to retirement package from Tata Steel - The Economic Times
MUMBAI: A handsome retirement package would be a welcome gift to most, but Tata group Chairman Ratan Tata turned down such a suggestion from a Tata Steel shareholder saying the company has "taken good care" of him.
"I am comfortable, company has taken good care of me," he said at the annual general meeting (AGM) of Tata Steel here today.
He was responding to a shareholder's request to the management to give Tata a "handsome retirement package".
This was Tata's last AGM as Chairman of Tata Steel -- a company where he had started his career half a century ago in 1962.
After steering the company for 21 years, Tata will pass on the leadership baton to his successor designate and present Deputy Chairman of Tata Sons, Cyrus Mistry in December, when Tata turns 75.
Seeking support for Mistry, Tata said, "He has the ethics and values to steer the Group. I hope he will receive the same support from shareholders as I have received all these years."
$87 billion target for country's IT exports in 2012-13: Sachin Pilot - The Economic Times
NEW DELHI: India has set a target of achieving $ 87 billion from IT exports in 2012-13, Minister of State for Communications and IT Sachin Pilot has said in Parliament.
"The estimated revenue generated through IT exports during the year 2011-2012 is $ 77.9 billion. The projected target set for IT exports during the current financial year is $ 87 billion," Pilot said in the Lok Sabha on August 8.
He said in order to provide incentives to IT sector, the government has notified a policy to provide preference to domestically manufactured electronic products and a modified special incentive package scheme to attract investments in electronics systems design and manufacturing (ESDM) industries.
"Electronics manufacturing clusters scheme to provide world-class infrastructure for attracting investments in the ESDM Sector has been approved by the government," Pilot said.
Pilot said the government has also constituted an Empowered Committee (EC) for identifying technology and investors for setting up semiconductor fabrication facilities in the country.
MUMBAI: A handsome retirement package would be a welcome gift to most, but Tata group Chairman Ratan Tata turned down such a suggestion from a Tata Steel shareholder saying the company has "taken good care" of him.
"I am comfortable, company has taken good care of me," he said at the annual general meeting (AGM) of Tata Steel here today.
He was responding to a shareholder's request to the management to give Tata a "handsome retirement package".
This was Tata's last AGM as Chairman of Tata Steel -- a company where he had started his career half a century ago in 1962.
After steering the company for 21 years, Tata will pass on the leadership baton to his successor designate and present Deputy Chairman of Tata Sons, Cyrus Mistry in December, when Tata turns 75.
Seeking support for Mistry, Tata said, "He has the ethics and values to steer the Group. I hope he will receive the same support from shareholders as I have received all these years."
$87 billion target for country's IT exports in 2012-13: Sachin Pilot - The Economic Times
NEW DELHI: India has set a target of achieving $ 87 billion from IT exports in 2012-13, Minister of State for Communications and IT Sachin Pilot has said in Parliament.
"The estimated revenue generated through IT exports during the year 2011-2012 is $ 77.9 billion. The projected target set for IT exports during the current financial year is $ 87 billion," Pilot said in the Lok Sabha on August 8.
He said in order to provide incentives to IT sector, the government has notified a policy to provide preference to domestically manufactured electronic products and a modified special incentive package scheme to attract investments in electronics systems design and manufacturing (ESDM) industries.
"Electronics manufacturing clusters scheme to provide world-class infrastructure for attracting investments in the ESDM Sector has been approved by the government," Pilot said.
Pilot said the government has also constituted an Empowered Committee (EC) for identifying technology and investors for setting up semiconductor fabrication facilities in the country.