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Satyam appoints Deloitte as auditor, Damodaran on board
IT firm Mahindra Satyam (formerly Satyam Computer) today appointed Deloitte as auditors, within days of CBI charging Price Waterhouse of complicity in the Rs 14,000-crore accounting scam.

HC issues notice to N D Tiwari on paternity suit
The Delhi High Court today issued notice to veteran politician and former Andhra Pradesh Governor N D Tiwari on a paternity suit filed by a youth claiming to be his biological son.

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Composite silk unit in near Guwahati
Assam, which produces three types of indigenous wild silks – Muga, Pat and Eri, today got a composite silk unit at Chaygaon Industrial Growth Centre, near Guwahati. The composite unit, or Eri Spun Silk Mill, came up with an investment of Rs. 5.5 crore, which includes infrastructure for spun silk mill, machineries, looms etc. The unit is expected to go a long way in adding value to the silk industry of Assam. The unit was inaugurated by union minister of textiles, Dayanidhi Maran. For the establishment of the unit, along with additional facilities like weaving processing and dyeing etc., the Central Silk Board (CSB), under the ministry of textiles, and the state government of Assam had provided a subsidy of Rs. 155.30 lakh and Rs. 48.10 lakh respectively to the promoter of the unit, Fabric Plus Pvt. Ltd., for installation of machineries, equipments etc. The promoter also contributed an amount of Rs. 22.60 lakh.
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UN climate panel to review claim on natural disasters: report

Controversy-ridden UN climate panel has said it is reassessing another of its claim for linking global warming to an increase in the number and severity of natural disasters, bringing fresh embarrassment to it. The latest criticism of the Intergovernmental Panel for Climate Change (IPCC) comes after the panel admitted its mistake in asserting that Himalayan glaciers could disappear by 2035. Two scientific who checked drafts of the report had urged greater caution in proposing a link between climate change and Disaster impacts, but were ignored. - "It"s a mistake, but glacier melting is real" - Pachauri admits mistake in IPCC report; Rules out resignation - Funds for climate change missions in Union Budget: Saran - Upsurge in action needed for environment: Pachauri - IPCC admits "Himalayan" blunder - Shipping ministry to double cost estimates of Sethusamudram project Sensex ends up 35pts Cox & Kings Q3 net jumps 88% to Rs 19 cr UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The new controversy also goes back to the IPCC"s 2007 report in which a separate section warned that the world had "suffered rapidly rising costs due to extreme weather-related events since the 1970s". It said a part of this increase was due to global warming. The academic paper at the centre of the latest questions was written in 2006 by Robert Muir-Wood, head of research at Risk Management Solutions, a London consultancy, who later became a contributing author to the section of the IPCC"s 2007 report dealing with climate change impacts. Muir-Wood wanted to find out if the 8 per cent year-on-year increase in global losses caused by weather-related disasters. He found from 1950 to 2005 there was no increase in the impact of disasters once growth was accounted for. For 1970-2005, however, he found a 2 per cent annual increase which "corresponded with a period of rising global temperatures." Muir-Wood was careful to point out that almost all this increase could be accounted for by the exceptionally strong hurricane seasons in 2004 and 2005. Despite such caveats, the IPCC report used the study in its section on disasters and hazards, but cited only the 1970-2005 results. Meanwhile, IPCC Chairman Rajendra Pachauri yesterday said the UN body will use more rigorous research systems in the future.


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