Remains of 11th Century dog found during archaeological dig in England

London, July 8 (ANI): An archaeological dig at the heart of Cambridge University, UK, has revealed Roman pottery, medieval remains and 11th Century dog bones.

According to a report by BBC News, the dig has been taking place beneath a tearoom in the university’s central offices, known as the Old Schools.

It was one of the events marking the 800th anniversary of the university.

Some material pre-dates its foundation in 1209 by over 150 years, and is said to be the first evidence the area was occupied by an Anglo-Saxon community.

Archaeologists have unearthed several animal bones, boundary markings and signs of quarrying, which a spokesman said suggested that in the final decades of the Saxon era, the foundations of Cambridge were being laid.

“The site has enabled us to prove what we previously had no proof for – that by the time of the Norman Conquest there was a thriving settlement in the middle of Cambridge,” said Richard Newman of the Cambridge Archaeological Unit.

The dig has reached what would have been ground level in ancient times, even before the Saxons arrived.

“In Anglo-Saxon times, a cluster of domestic properties began to emerge, and the dog, which appears to date back to that period, would have been a valuable ally for the family that owned it,” said Newman.

“It would have been a working animal,” he added.

“A dog would also have given people security, it was useful when it came to protecting your possessions and it was cheaper than a lock,” he explained. (ANI)

Iran frees a British embassy employee, another still held

London, July 6 (ANI): One of the last two British Embassy employees, held in Iran on the alleged charges of being behind last month’s post-election violence in the country, has been released.

The British Foreign Office on Monday confirmed the news, but added that embassy’s chief political analyst Hossein Rassam is still under detention. ine staff were originally arrested after the disputed re-election of president Mahmoud Ahmadinejad and the street protests that followed. ritish Foreign Secretary David Miliband has launched a defence for Rassam, who is said by his lawyer to face trial for “acting against national security”.

“The allegations of improper conduct have absolutely no basis. (Rassam is) an honourable, patriotic Iranian, who has been working in a completely open and transparent way for the UK,” Miliband said.

“I think it is very, very important that we send a clear message that we are confident about the way he has been doing his job, that we are clear about our goal, which is his release, unharmed and also that there is unity across the international community,” he added.

Earlier, Tehran publicly accuses the UK of fomenting the unrest and a senior cleric said on Friday that some embassy staff, all Iranian, had “confessed” to playing a part and would face trial.

EU member states summoned the Iranian ambassadors to their countries to deliver co-ordinated warnings that the treatment of the British embassy staff was unacceptable.

The latest developments will be discussed today by Prime Minister Gordon Brown and French President Nicolas Sarkozy at an Anglo-French summit in Evian-les-Bains.

President Sarkozy has expressed “total” solidarity with Britain and urged stronger sanction against Iran “so that Iranian leaders will really understand that the path that they have chosen will be a dead end”. (ANI)

Former head of Punjab Police cherishes collecting war medals

Chandigarh, May 22 (ANI): Sarabjit Singh, who has been former Director General of Police from Punjab, has developed a special interest in collecting war medals.

The fascination to collect war medals started in 2001, when one day he happened to juggle through some medals at an antique shop. Since then there was no looking back.

Today, the 65-year-old Sarabjit Singh continue his deep interest in collecting medals.

“I was reluctantly taken to an antique shop to look for antiques. I found a bowl full of rusty looking old medals. While fiddling through them, I found medals of the Word War I and II and even pre-World War I. Being interested in medals because of my profession and also because I am a son of an army officer, I immediately took a liking to them,” said Sarabjit Singh.

His collection includes medals belonging to the era of Tipu Sultan of Mysore, the 1857 Indian War of Independence (referred as Indian Mutiny), World War-I and World War-II, first and second Afghan Wars, both Anglo-Sikh Wars and Maratha Wars.

In his collections Singh also has several medals of Indian princely states.

“Very few people collect medals. So the clientele is limited. Accordingly the people dealing with this are also limited. But then there is a society called OMRS (Orders Medals and Ribbon Society), which is registered in UK. They list out the medal collectors all over the world. The members of the society are 7000 now. This society helps us to trace out the history, authenticity and value of a medal because each medal has a story and history behind it,” said Sarabjit Singh.

Singh became a member of the Orders Medals and Ribbons Society, UK and attended their annual conventions in London.

Incidentally, London is the global centre for medals with world famous auctioneers and collectors hunting for new additions to their ‘haul’ of medals. By Sunil Sharma (ANI)

Indian origin student wins supersonic research contest in US

Washington, May 19 (ANI): Sidharth Krishnan, a student of Indian origin from Singapore, has won top honors in the non-US category of a high school supersonic research contest.

Teenagers from eight states and 11 foreign countries took part in the competition, which was sponsored by NASA.

The students were asked to write a well-documented research paper describing what needs to be accomplished to make supersonic flight available to commercial passengers by 2020.

More than 120 teenagers submitted 60 entries in four categories: US individual, US team, non-US individual and non-US team.

While Edric San-Miguel, a junior from Norfolk Technical Center in Norfolk, Virginia, earned the top score among all the entries, Sidharth Krishnan, a senior from Anglo-Chinese Junior College in Singapore, won top honors in the non-US category.

“All the conceptual designs were imaginative and innovative,” said Bob Mack, a veteran supersonics researcher at NASA’s Langley Research Center in Hampton, Virginia, who reviewed all the top papers.

“The design in the winning paper showed the student had a definite respect and appreciation for technical realities while still being imaginative,” he added.

Students could choose from two options in the competition.

They could write a research paper to discuss the challenges and solutions of supersonic flight or propose a design for a small supersonic airliner that could enter commercial service in 2020.

A group of NASA engineers reviewed all the entries.

The judges based their scores on how well students focused their papers and how well they addressed four basic criteria: informed content, creativity and imagination, organization, and writing.

NASA will award the top scoring papers from the US a cash prize of 1,000 dollars for the individual award winner and 1,500 dollars for the team.

Non-US students will receive an engraved trophy, but are not eligible for cash prizes. All participants will receive a NASA certificate. (ANI)

Fifth phase witnesses approximately 62 percent polling for Lok Sabha

New Delhi, May 13 (ANI): The fifth and final phase of general elections 2009 witnessed an overall 62 percent polling for 86 Lok Sabha constituencies across nine states and two union territories.

The polling for general elections to Lok Sabha came to an end on Wednesday. The polling was by and large peaceful except for stray incidents of violence in West Bengal and Tamil Nadu.

The last phase saw violence with one death being reported from West Bengal and one from Tamil Nadu.

The counting for all the Lok Sabha seats will be held on May 16.

In Jammu and Kashmir moderate to heavy polling has been reported in the fifth and final phase of elections in the Baramulla and Ladkah Parliamentary constituencies. Latest reports say about forty percent voters had caste their votes in the Baramulla constituency while as the percentage in the Ladakh seat touched around 60 percent.

In Tamil Nadu, 55 per cent voting was recorded. In Puducherry, an estimated 66 per cent voters exercised their franchise to elect the Union Territory’s lone representative in the Lok Sabha.

In Uttar Pradesh, over 50 per cent voters exercised their franchise in the polling for 14 seats of the Western and Rohilakhand region.

In Uttarakhand, more than 35 per cent voting has been recorded in five constituencies. n Punjab, an estimated 62 per cent polling was reported in the nine Lok Sabha seats.

In Himachal Pradesh, 50 to 55 per cent polling was reported in all the four constituencies.

Prominent candidates in the fray include Home Minister P Chidambaram, DMK’s T R Baalu, Dayanidhi Maran and M K Azhagiri, Congress’ Md Azharuddin, BJP’s Maneka and Varun Gandhi and Mukhtar Abbas Naqvi, MDMK’s Vaiko and SP’s Jayaprada.

Polling has been completed to 457 Lok Sabha seats since the exercise began on April 16.

The Lok Sabha has 545 members, but elections are held to 543 seats as two members are nominated from the Anglo-Indian community. (ANI)

Journal from Darwin’s ship HMS Beagle fetches £97,250 at auction

London, May 8 (ANI): A journal from HMS Beagle, the ship which Charles Darwin voyaged on, has fetched 97,250 pounds at an auction.

The journal was kept by a commanding officer on the ship, which was the vessel that Darwin used during some of his most important journeys that helped him form his evolution ideas.

The journal details the end of its first hydrographic surveying voyage to Patagonia in South America, reports The Telegraph.lso on auction were 1930s photos of the royal visit of Princess Alice to Bahrain and Saudi Arabia.

Sotheby’s specialist Richard Fattorini said: “The visually stunning and historically important album sheds light on a turning point in Anglo-Saudi relations.

“Princess Alice’s trip was the first of its kind to the region and it coincided with the hugely important discovery of commercial quantities of oil in the region.” (ANI)

India’s national elections to span four weeks

New Delhi – Elections in India, conducted once every five years, are generally held in a staggered manner to allow adequate security and logistical arrangements so the huge electorate, which nearly equals the population of Europe, can vote freely.

The polls, made a daunting task due to the expanse of India, are to be held in five phases from April 16 to May 13 to ensure the movement of millions of security and election personnel. Results were expected May 16.

In the parliamentary republic, citizens are charged with choosing who will run the federal and state governments. All Indians above the age of 18 have the right to cast a vote.

Since the country gained independence from British rule in 1947, there have been 14 general elections and more than 350 state contests.

India has a bicameral legislative structure with the Parliament consisting of the Lok Sabha, or lower house, and the Rajya Sabha, or the Council of States.

A total of 543 of the Lok Sabha’s 545 members are directly elected by popular vote to represent individual constituencies for five-year terms.

The number of parliamentary constituencies in a state depends upon the size and the population of the state. Two members are nominated by the president from the Anglo-Indian community.

In the Indian parliamentary system, the executive is subordinate to the legislature with the prime minister and his council being responsible to the Lok Sabha.

The executive, along with the Council of Ministers, is chosen from among the members of the winning party or the ruling coalition.

The Rajya Sabha has 245 members serving staggered six-year terms. Most members are elected indirectly by the state and territorial legislatures in proportion to the state’s population.

The polling is conducted by government officials and held in government schools and colleges as well as certain other state-owned venues.

The Election Commission has banned exit polls during the voting phase. Such surveys lost credibility after the 2004 election.

After the results are submitted, the president would invite the party or coalition that has won the most seats to form the government.

The new government might be required to prove its majority through a vote of confidence. It needs a simple majority of the 545-member lower house. (dpa)

Use the net to go ‘around the world in 80 telescopes’

London, April 3 (ANI): In a live 24-hour webcast today, anyone on the Internet will get a unique opportunity to explore some of the most advanced astronomical observatories both on and off the planet, as part of the International Year of Astronomy (IYA2009) initiative ‘Around the World in 80 Telescopes’.

The webcast would start with a broadcast from the Gemini North Telescope in Hawaii at 10am BST, night time in Hawaii, moving around the globe for whistle-stop tours of the international observatories, while the large telescopes are exploring night skies, observing distant galaxies, searching for extrasolar planets around other stars, or studying our own solar system.

It starts off at the Mauna Kea peak in Hawaii, one of the best places in the world for observatories thanks to the altitude and clear air conditions and the home of UK participating telescopes like the United Kingdom Infra-Red Telescope (UKIRT) and the James Clerk Maxwell Telescope (JCMT).

The telescopes include gravitational-wave detectors such as GEO600 which search for ripples in space-time, space-borne telescopes like SWIFT, STEREO and XMM-NEWTON, and ground-based telescopes such as the Very Large Telescope VLT at the European Southern Observatory’s site in Chile, plus the Jodrell Bank radio telescope in Cheshire.

According to Robin Clegg, Head of Science in Society at STFC (Science and Technology Facilities Council), said, “Exciting astronomical discoveries and indeed the range of telescopes in use are inspirational and stimulate young people to get engaged with science and technology subjects at school,” Clegg added.

As the Earth turns on its axis and the sun rises on Hawaii, the webcast moves around the world, visiting the Anglo-Australian Telescope at 1pm BST, Jodrell Bank Observatory near Manchester at 6pm BST, the William Herschel Telescope in the Canary Islands at 12.10am BST (Saturday morning), finishing up at the Palomar Observatory in California at 09.40am BST, along with dozens of other observatories in between.

“As thousands of local events are being held around the country to celebrate the 400 years since Galileo made his first revolutionary observations and sketches of the Moon, Around the World in 80 Telescopes gives everyone the chance to see the amazing work that professional astronomers do, furthering the boundaries of our knowledge and helping us understand our place in the Universe,” said Steve Owens, UK coordinator for IYA 2009.

Around the World in 80 Telescopes is happening as part of the IYA 2009′s 100 Hours of Astronomy project, which runs from 2-5 April. (ANI)

Astronomers chart most accurate map of galaxies in our region of universe

Sydney, April 3 (ANI): An international team of astronomers has completed the most accurate map of hundreds of thousands of galaxies in our region of the universe.

According to a report by ABC News, the map, charted by Australian, British and American astronomers at the Anglo Australian Observatory in Coonabarabran, New South Wales, shows where galaxies are, in respect to each other, and to our own.

“Because of course we are looking into space, space is three dimensional and so really to look at this or we look at this map in a computer, we have to fly through the space between the galaxies, so we have to think of it as three dimensional space rather than a 2D roadmap,” said Dr Heath Jones from the Anglo Australian Observatory.

Previously, much astronomical energy was spent trying to find the most far out objects in the universe.

In this project, astronomers looked a little closer home. According to Jones, they looked at the nearest 100,000 galaxies or so.

“The galaxies just aren’t uniform. They are scattered throughout the universe,” he said.

“What we find is that they tend to clump and cluster together. So, you’ll get galaxies clustering along nice delicate filamentary chains,” he added.

“You get some galaxies that will congregate in their clusters and you will get clusters of galaxies collecting in super clusters of galaxies, so the universe that we see is really quite structured,” he further added.

According to Dr Jones, the galactic neighbourhood census also confirmed the theory that the universe will keep on expanding rather than eventually collapse under its own gravity.

“One of the things you see with this survey is the galaxies are all getting further apart from each other and that is the well known expansion of the universe,” he said.

“But, in particular with this survey, we are able to analyse the very individual motions of the galaxies on top of that – what we call the peculiar motions of the galaxies,” he explained.

“That is one of the strengths of this survey. We are able to look at many more peculiar motions of galaxies than has been done before,” he added. (ANI)

Hindu elder approaches UK High Court over right to open-air cremation

London, Mar.24 (ANI): An elderly Hindu man has said that he will be going to the High Court in a bid to win the right to be cremated on a traditional open-air funeral pyre when he dies.

In a test case on religious burials, Davender Ghai, aged 70, is challenging a refusal by Newcastle City Council to permit him to be cremated according to his Hindu faith, The Telegraph reports.

His human rights application is being supported by a wide range of Hindu organisations.

The local authority contends that the 1902 Cremation Act prohibits a pyre outside a crematorium.

Ghai’s lawyer, Andrew Singh Bogan, said a successful challenge would “create a precedent for all local authorities to grant open air funeral pyres if there was demand in their area”.

Ghai, founder of the Anglo-Asian Friendship Society (AAFS), was refused a permit for an open-air cremation site in a remote part of Northumberland in February 2006.

His legal team will argue at a three-day hearing before Mr Justice Cranston, sitting in London, that the law does not prohibit a religious cremation outside a crematorium.

They will contend that, if it does, it is incompatible with the European Convention on Human Rights.

They will ask the judge to declare it is discriminatory and breaches Mr Ghai’s right to protection for his private life and religious and cultural beliefs.

Ghai, who moved to Britain from Kenya in 1958, says he is seeking a judicial review to “clarify and enforce the law, not disrespect it”.

He stated: “As a Hindu, I believe my soul should be liberated in consecrated fire, “Agni”, after death – a sacramental rebirth, like the mythical phoenix arising from the flames anew. I will not deny my claim is provocative, least of all in a nation as notoriously squeamish towards death as our own. However, I honestly do not believe natural cremation grounds would offend public decency – as long as they were discreet, designated sites far from urban and residential areas.”

“I have lived my entire life by the Hindu scriptures and they have inspired me to charitably serve this country for over 30 years. In the frailty of my twilight, I now yearn to die by them,” he said. (ANI)

Cricket not quintessentially English after all

London, Mar.1 (ANI): Cricket is not quintessentially English after all, a new Australian research has claimed.

According to the research, north European immigrants imported the game to England in the 14th century, and that it was first resisted by the local population.
The claim challenges the traditional theory that the sport evolved from children’s games played in England since Anglo-Saxon times.

The Telegraph quotes Paul Campbell, of the department of English and theatre at the Australian National University, in Canberra, as saying that he has uncovered a reference to the sport in a 1533 poem, attributed to John Skelton, a popular poet and playwright of the day, in which he links it to immigrants from Flanders, in modern day Belgium, France and Holland.

In the work, “The Image of Ipocrisie” – much of which is a diatribe against parts of the Church – Skelton also appears to rail against the Flemish weavers who settled in southern and eastern England from the 14th century, labelling them dismissively as “kings of crekettes”.

In what appears to be a call for the weavers to be driven out of England, Skelton writes:

“O lorde of Ipocrites/Nowe shut vpp your wickettes/And clape to your clickettes!/A! Farewell, kings of crekettes!”

The poem is the earliest known reference to the sport and adds weight to claims that the weavers brought the game over with them and played it on fields close to where they tended their sheep, using shepherd’s crooks – or curved sticks – as bats to strike a ball.

It was uncovered by Campbell following a search of historical archives, in which he looked for variations of the early ways in which the word cricket was spelt.

A German academic, who first established that the word has its linguistic origins in Flemish, guided Campbell.

Dr Heiner Gillmeister, of the department of English at the University of Bonn, suggests the term cricket has its roots in the Flemish phrase “met de krik ketsen”, or “to chase with a curved stick”.

He goes on to suggest that the origins of hockey goals and the wickets in cricket were in imitation of chivalric games, in which a knight on horseback guarded a narrow passage or opening.

It had previously been thought that the first written reference to cricket was in 1589, when it was mentioned during a court case in Guildford, Surrey, in which a certain John Derick – possible from the Flemish name Hendrik – recalled that as a young man at the Royal Grammar School “he and diverse of his fellowes did runne and play there at creckett and other plaies”.

But the new finding is the most conclusive proof that the sport – as well as the word itself – was foreign in origin.

Skelton’s poem is contained in a collection published by The Ballad Society in 1868. (ANI)

Will Obama end UK’s special ties with U.S?

Washington, Mar.1 (ANI): Hints from the White House suggest that the Obama administration might just call an end to Anglo-American fealty.

According to The Telegraph, word is spreading through political Washington that Obama wants to shake up the way the US government relates to its allies, which will leave little space for the sentiment of old ties.

There was a concrete clue when the White House announcement of British Prime Minister Gordon Brown’s trip was made last Saturday.

Obama’s spokesman Robert Gibbs declared: “The United States and the United Kingdom share a special partnership.”

Those familiar with the thinking of Obama’s top team say that use of the word “partnership” rather than “relationship” is an important distinction – it illuminates Obama’s belief in practical measures that work, not the old way of doing things.

A Washington official who is close to several members of Obama’s inner circle said: “They craft every word for the stone tablets. Words are what they do. It is not a mistake.

“A partnership is a business arrangement based on what you can do for Obama, not a relationship like a marriage that thrives through thick and thin until death do us part. He’ll judge the specialness of a partnership with Britain on what he gets out of it.”

In return for concrete support, Obama is expected to offer to listen more closely to British advice than George W. Bush did. But insiders say he will be ruthless in cutting adrift countries who do not cooperate with his global agenda, whatever their historic relationships.

A British official said: “I don’t think Obama is steeped in the tradition of the special relationship going back to Churchill and Roosevelt.

In the six decades since in which Winston Churchill first coined the phrase special relationship, successive American presidents have paid ritual obeisance to the notion that Britain should assume a place at the White House top table.

Now even allies of Obama believe he intends to extract a higher price for access to the corridors of his power.

Steve Clemons, of the New America Foundation think tank, who has links with the higher echelons of the Obama administration, said that Britain would be expected to make sacrifices in return for influence.

Brown comes seeking substantive agreements on economic matters ahead of the G-20 summit in London next month, and hopes also for a whiff of Obama’s stardust to revive his poll prospects at home.

His wife Sarah will have a separate audience with First Lady Michelle Obama later on Tuesday afternoon.

Nancy Pelosi, the Speaker of the House of Representatives, has invited Brown to address a joint session of congress on Wednesday, before a lunch with legislators. The 30-minute address will allow Brown to lay out his conception of the special relationship and boost his leadership credentials at home. (ANI)

Will Obama end UK’s special ties with U.S?

Washington, Mar.1 (ANI): Hints from the White House suggest that the Obama administration might just call an end to Anglo-American fealty.

According to The Telegraph, word is spreading through political Washington that Obama wants to shake up the way the US government relates to its allies, which will leave little space for the sentiment of old ties.

There was a concrete clue when the White House announcement of British Prime Minister Gordon Brown’s trip was made last Saturday.

Obama’s spokesman Robert Gibbs declared: “The United States and the United Kingdom share a special partnership.”

Those familiar with the thinking of Obama’s top team say that use of the word “partnership” rather than “relationship” is an important distinction – it illuminates Obama’s belief in practical measures that work, not the old way of doing things.

A Washington official who is close to several members of Obama’s inner circle said: “They craft every word for the stone tablets. Words are what they do. It is not a mistake.

“A partnership is a business arrangement based on what you can do for Obama, not a relationship like a marriage that thrives through thick and thin until death do us part. He’ll judge the specialness of a partnership with Britain on what he gets out of it.”

In return for concrete support, Obama is expected to offer to listen more closely to British advice than George W. Bush did. But insiders say he will be ruthless in cutting adrift countries who do not cooperate with his global agenda, whatever their historic relationships.

A British official said: “I don’t think Obama is steeped in the tradition of the special relationship going back to Churchill and Roosevelt.

In the six decades since in which Winston Churchill first coined the phrase special relationship, successive American presidents have paid ritual obeisance to the notion that Britain should assume a place at the White House top table.

Now even allies of Obama believe he intends to extract a higher price for access to the corridors of his power.

Steve Clemons, of the New America Foundation think tank, who has links with the higher echelons of the Obama administration, said that Britain would be expected to make sacrifices in return for influence.

Brown comes seeking substantive agreements on economic matters ahead of the G-20 summit in London next month, and hopes also for a whiff of Obama’s stardust to revive his poll prospects at home.

His wife Sarah will have a separate audience with First Lady Michelle Obama later on Tuesday afternoon.

Nancy Pelosi, the Speaker of the House of Representatives, has invited Brown to address a joint session of congress on Wednesday, before a lunch with legislators. The 30-minute address will allow Brown to lay out his conception of the special relationship and boost his leadership credentials at home. (ANI)

Cricket not quintessentially English after all

London, Mar.1 (ANI): Cricket is not quintessentially English after all, a new Australian research has claimed.

According to the research, north European immigrants imported the game to England in the 14th century, and that it was first resisted by the local population.
The claim challenges the traditional theory that the sport evolved from children’s games played in England since Anglo-Saxon times.

The Telegraph quotes Paul Campbell, of the department of English and theatre at the Australian National University, in Canberra, as saying that he has uncovered a reference to the sport in a 1533 poem, attributed to John Skelton, a popular poet and playwright of the day, in which he links it to immigrants from Flanders, in modern day Belgium, France and Holland.

In the work, “The Image of Ipocrisie” – much of which is a diatribe against parts of the Church – Skelton also appears to rail against the Flemish weavers who settled in southern and eastern England from the 14th century, labelling them dismissively as “kings of crekettes”.

In what appears to be a call for the weavers to be driven out of England, Skelton writes:

“O lorde of Ipocrites/Nowe shut vpp your wickettes/And clape to your clickettes!/A! Farewell, kings of crekettes!”

The poem is the earliest known reference to the sport and adds weight to claims that the weavers brought the game over with them and played it on fields close to where they tended their sheep, using shepherd’s crooks – or curved sticks – as bats to strike a ball.

It was uncovered by Campbell following a search of historical archives, in which he looked for variations of the early ways in which the word cricket was spelt.

A German academic, who first established that the word has its linguistic origins in Flemish, guided Campbell.

Dr Heiner Gillmeister, of the department of English at the University of Bonn, suggests the term cricket has its roots in the Flemish phrase “met de krik ketsen”, or “to chase with a curved stick”.

He goes on to suggest that the origins of hockey goals and the wickets in cricket were in imitation of chivalric games, in which a knight on horseback guarded a narrow passage or opening.

It had previously been thought that the first written reference to cricket was in 1589, when it was mentioned during a court case in Guildford, Surrey, in which a certain John Derick – possible from the Flemish name Hendrik – recalled that as a young man at the Royal Grammar School “he and diverse of his fellowes did runne and play there at creckett and other plaies”.

But the new finding is the most conclusive proof that the sport – as well as the word itself – was foreign in origin.

Skelton’s poem is contained in a collection published by The Ballad Society in 1868. (ANI)

Tata Steel Indian operations quarterly profit halves

New Delhi, Jan 29 (ANI): In view of the continuously slumping sales to half of quarterly profits of the Indian operations of Tata Steel, top officials said that a recovery was only expected in the second half of 2009.

Steelmakers have struggled to keep up the sales, as a global credit crisis has hit the demand of major steel-consuming industries producing automotives, consumer goods and construction material.

Global steel production has tumbled by 24 percent in the last quarter of 2008.

In a bid to battle the downturn, Europe’s second biggest steel maker Corus, is likely to cut jobs in Britain and Worldwide.

Referring to European sales at a news conference, Chief Executive of Tatateel’s Anglo-Dutch unit Corus, Philippe Varin said, “In this context, our order book is down by more than 30% which is not surprising and probably you would have seen the prices are now at 50% of what they were in September 2008.”

Net profit from the company’s previous year’s Indian operations account for about a fifth of its total output, and fell by 56.4 percent from 10.7 billion rupees to 4.66 billion rupees ($95.5 million), in its fiscal third quarter.

Managing Director B. Muthuraman had expected better sales volume and stable prices in the March quarter.

Revealing Tata Steel’s current position, Muthuraman said that his company continues to be weak this year and is not as strong as it was three months, six months or even a year back.

However, he saw a positive change since the October November-December quarter,”

Muthuraman revealed that the company was badly affected by the high cost of coal. Tata Steel imports 40 percent of its requirements.

Earlier this month, Tata Steel said that the December quarter steel sales from its Indian operations fell by 14 percent from a year earlier to 1.07 million tonnes.

1.27 billion rupees were hit in the December quarter earnings as per the notional foreign exchange losses with sharply higher raw material costs and slowing sales.

Shares in Tata Steel, valued at about $2.6 billion, shed nearly half theiralue in the December quarter, compared with a 25 percent fall in theenchmark index.

On Tuesday, Steel Authority of India Ltd., India’s largest domestic steel producer,also posted a 56 percent drop in quarterly profit. (ANI)