The hospitality, health and education sectors are likely to replace the IT/ITeS sector as leading job creators in the country, which will have over 10 lakh new work opportunities in 2008. India will add 10,25,800 jobs, a tad lower than 10,30,000 jobs in 2007, predicted the Ma Foi Employment Survey 2008 released here. The traditional job creating horses like IT and IteS sectors have been replaced by hospitality, health and education sector, Ma Foi Management Consultants Managing Director K Pandia Rajan said while releasing the survey. Ma Foi is the largest human resource service provider and staffing company in India. It has been conducting the employment survey since 2004. The 2008 survey was carried among 2006 companies from 22 sectors of the economy and is claimed to be the largest study on the organised sector. The hospitality sector is shown to generate the maximum number of employment in 2008 with over 4.26 lakh jobs.

An estimated USD 11.41 billion is expected to be seen in the hospitality sector in the next two years. India is likely to have around 40 international hotel brands by 2011,the survey highlighted. The health sector is expected to create over 2.95 lakh jobs led by a strong presence of private players and rising opportunities in medical tourism and telemedicine. The education sector, including training and consultancy, is expected to add 1.66 lakh employees. The survey found that manufacturing sectors of food products and beverages, furniture, mineral and metal products and mining will witness a constraint in hiring this year. Education tops the list of sectors generating the highest number of jobs in 2008 at 10,429,312, followed by hospitality at 6,595,879 and health at 3,616,525 jobs, the survey said.

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The market gathered the momentum soon after the partial break due to sun outage as the investorsare showing some buying interest across the selective indices. The overall market breadth remains extremely negative, as 513 stocks are advancing while 1902 stocks are declining on BSE. The BSE Mid cap is lower by 97.46 points at 7,084.77 and the BSE small Cap dropped by 168.80 points to trade at 8,784.48.

At 12.33 pm, BSE Sensex was at 16,379.60 up by 39.71 points and Nifty was at 4,879.80 up by 15.55 points.

BSE Metal index increased by 63.03 points to trade at 15,896.61. Major gainers are Tata Steel (1.41%), Hindalco Industries (1%) and SAIL (0.44%).

BSE IT index inclined by 73.21 points to trade at 3,687.62 as Infosys Technologies (2.58%), HCL Technologies (2.01%), Satyam (2.57%) are trading in green.

BSE Health Care index inclined by 6.98 points to trade at 3,861.78 as Divi’’s Lab (1.72%), Glaxosmith (1.42%), Cadila Healthcare (0.92%) and Biocon (0.62%) are trading in positive.

BSE Auto index decreased by 23.08 points to trade at 4,836.13. Leading to its fall are Mahindra & Mahindra (1.89%), TVS Motor (1.64%), Bajaj Auto (0.90%).

BSE Oil & Gas index was trading 82.57 points higher at 10,248.69 as BPCL (2.62%), ONGC (1.92%), HPCL (0.51%) and GAIL India (0.26%) are trading in green.ONGC has got the approval from the the government for its subsidiary ONGC Videsh’’s investment of $102.21 mn in a Qatar based project and also its formation of a joint venture with CVP/ petroleos De Venezuela SA.

BSE Banks index slipped by 199.09 points to trade at 8,857.67. The top losers are Bank of India (8.07%), IOB (5.99%), Union Bank (5.95%), BOB (4.71%).ICICI Bank is trading lower by (3.89%) at Rs.933.80. The bank has announced a mark to market hit of Rs.263 million in its loans and investment exposure due to the US subprime crisis.

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Ashirwad Steels and Industries Ltd has informed that the Board of Directors of the Company at its meeting held on March 03, 2008, inter alia, to discuss and allot 3933600 equity shares of the Company of Rs 10/- each at a cash price of Rs 50/- each on preferential basis and after necessary deliberations the Board of Directors

resolved and approved allotment of shares to the following share applicants along with number of shares allotted to each applicant :-

I. Under Promoters Group:

1. Name of the Applicant : Meghdoot Vyapaar Pvt Ltd

- Number of Shares allotted: 1,350,000

2. Name of the Applicant : Sanyog Nirman Pvt Ltd

- Number of Shares allotted: 6,15,000

3. Name of the Applicant : Bahula Resources Ltd

- Number of Shares allotted: 80,000

II. Under Non Promoters Group:

4. Name of the Applicant : Rosy Dealcom Pvt Ltd

- Number of Shares allotted: 2,00,000

5. Name of the Applicant : Vinayak Finlease Pvt Ltd

- Number of Shares allotted: 1,40,000

6. Name of the Applicant : Aspolight Agencies Pvt Ltd

- Number of Shares allotted: 1,70,000

7. Name of the Applicant : Boosom Marketing Pvt Ltd

- Number of Shares allotted: 1,30,000

8. Name of the Applicant : Green Mark Securities Pvt Ltd

- Number of Shares allotted: 1,48,000

9. Name of the Applicant : Proctor Pratistan & Trading Pvt Ltd

- Number of Shares allotted: 1,16,000

10. Name of the Applicant : Binapani Traders Pvt Ltd

- Number of Shares allotted: 60,000

11. Name of the Applicant : Baglas Traders Pvt Ltd

- Number of Shares allotted: 90,000

12. Name of the Applicant : Kanishk Promoter Pvt Ltd

- Number of Shares allotted: 1,90,000

13. Name of the Applicant: Rajlakmi Vanijya Pvt Ltd

- Number of Shares allotted: 1,60,000

14. Name of the Applicant : Variety Commodities Pvt Ltd

- Number of Shares allotted: 1,68,600

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Integrated Logistics Ltd has knowledgeable that Board of Directors for this Company at its meeting held on January 30, 2008, inter alia, has transact the following industry :

1. The Remuneration group of the Board of  Directors which comprise of the Three Directors Such as Mr. P S G Nair, Mr. Farrokh S Wadia and Dr. Muffazal Lakdawala has been re-designated as payment and recompense group and Mr. Sandeep P Parikh, a Director of the Company, has been chosen as one of the member of the payment and the recompense Committee. The Remuneration and Compensation Committee has been entrusted by Board of Directors with in commission of formulating a appropriate Employees Stock Option Scheme  for the Employees, Officers and Directors of the Company, within structure of Securities and swap Board of India Guidelines, 1999.

For formulating an ESOS the payment and recompense Committee will have power to seek relevant in order from any employees / officers of the Company in this regard, to obtain outside legal or professional give advice, to secure audience of outsiders with relevant expertise, if careful necessary, to appoint and duly pay consultant / Advisors etc and to do all other acts and things as are relevant for formulation of an effectual ESOS.

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