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Only 800 of 65,000 H-1B US visa slots up for grabs
After months of low-key response, the H-1B visa scheme, which was once most sought-after among Indian professionals, is suddenly appearing to be in demand again, with just 800 of the 65,000 slots remaining vacant.

DoT panel recommends uniform 8.5% licence fee
A committee set up by the Department of Telecommunications (DoT) has recommended a uniform fee of 8.5 per cent of annual gross revenue (AGR) for all licences — which include UASL, international long distance, national long distance and internet service providers, amongst others.

News of the day

Sesa Goa: Asset mining
Sesa Goa’s acquisition of Dempo Group’s iron ore assets in Goa bears a stamp of Vedanta Resources Chairman Anil Agarwal’s signature strategy — buy low-value assets, pump investments into them and work to turn them into cash cows. Vedanta’s previous acquisitions of Hindustan Zinc, Balco, Konkola Copper Mines and the 2007 takeover of Sesa Goa have helped the company multiply the value of its metals business. Along the same line, Agrawal-controlled Sesa Goa aims to scale up its iron-ore trade volume through the Rs 1,750-crore Dempo deal.
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NSE seeks trademark for currency derivatives label

The National Stock Exchange (NSE) has applied before authorities for registration of trademark for its ‘Currency Derivatives’ label. - Come into my parlour - High and mighty - Cooperative banks in Hry to provide loans of Rs 8,600 cr - Retail recovery still some time away - Jeera futures prices likely to firm up - Smart Portfolios outperforms The exchange has approached the Trade Marks Registry for the registration of trademarks for ‘Currency Derivatives’ label under different classes, according to the details available with office of the Controller General of Patents, Designs & Trade Marks. NSE’s currency derivatives label features signs of three currencies — the US dollar, euro and Japanese yen. As per details, NSE made its application on September 1, 2009. Trademarks are distinctive signs, used to differentiate between identical or similar goods and services offered by different producers or services providers. Trademarks are a type of industrial property, protected by intellectual property rights. Currency derivatives is a contract between the seller and the buyer, whose value is to be derived from the underlying asset, the currency amount. NSE is the first stock exchange in India to launch trading in currency futures. Trading in currency futures contract started in August 2008 on the NSE. Financial Technologies-promoted Multi Commodities Exchange is the main rival of NSE in currency derivatives. There has been a consistent month-on-month increase in the number of contracts traded in currency futures segment at NSE. Average daily volume for the month ended December 2009, was at $1,952.59 million, as per the NSE data. NSE has applied for registration of currency derivatives labels in different classes including class 9 and 28. Class 9 of trademarks rules deals with computer, electric and electronic equipment for data transmission, receiving and manipulation, electronic accounting and banking equipment and others. Class 28 is about games and playthings, gymnastic and sporting articles among others.


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