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  • India among key educational destinations for Americans

    Washington, Nov 17 (IANS) India is among five nations that have emerged as key educational destinations for US students wanting to study abroad, a new survey said. With a record number of US students studying abroad, India alongwith China, Japan, South Africa and Argentina have emerged as the most favoured educational destinations. According to the Open Doors 2009 survey by the Institute of International Education released Monday, the number of Americans studying abroad increased by 8.5 percent to 262,416 in the 2007/08 academic year. The survey shows that the number of students to nearly all of the top 25 destinations increased, notably to destinations less traditional for study abroad: China, Ireland, Austria and India (up about 20 percent each), as well as Costa Rica, Japan, Argentina and South Africa (up nearly 15 percent each). At the same time, the number of international students at colleges and universities in the United States increased by 8 percent to an all-time high of 671,616 in the 2008/09 academic year while the number of ‘new’ international students – those enrolled for the first time at a US college or university in fall 2008 – increased by 16 percent. This represents the largest percentage increase in international student enrolments since 1980/81. According to separate joint survey conducted by eight leading higher education associations, overall enrolments of international students increased this autumn at half (50 percent or 348) of responding member campuses. For the first time, the number of institutions reporting increases in students from India do not outweigh those who are reporting declines (29 percent reporting increases and 29 percent reporting declines). When looking specifically at the largest host institutions (those 121 responding institutions enrolling more than 1,000 students), 50 percent of responding institutions are reporting a decline for students from India and only 31 percent are reporting an increase. ‘Despite the economic downturn, many campuses are still seeing increases in international student enrollment for Fall 2009, while others are seeing declines or flattening of enrollments,’ said Allan E. Goodman, President and CEO of the Institute of International Education (IIE). ‘The impact also varies by country, with reported declining enrolments from India and a few other countries offset on many campuses by surging numbers of students coming from China and strong increases from certain other major sending countries,’ he said.

  • Satyam gets notices for 1,230 cr worth claims

    Tue, Nov 17 07:46 PM

    New York, Nov 17 (PTI) Mahindra Satyam today said it has received legal notices for claims totalling Rs 1,230.40 crore from as many as 37 companies, to whom it has replied terming these claims as “legally untenable”. “Mahindra Satyam has received legal notices from 37 companies claiming a refund of Rs 1,230.40 crore (about USD 265 million), allegedly given as a temporary advance,” the US-listed Indian IT firm said in a regulatory filing here.

    “The notices claim the money back to allegedly repay their creditors, some of whom include Maytas Properties Ltd and Maytas Infra Ltd,” said the company, which was earlier known as Satyam Computer and was acquired by Mahindra group”s Tech Mahindra after being hit by a corporate fraud. “On November 14, 2009, Mahindra Satyam has replied to the legal notices stating that the claims are legally untenable,” the NYSE-listed company said in its filing with the US regulator Securities and Exchange Commission (SEC).

    The company further said that the “confession letter dated January 7, 2009, of Ramalinga Raju, former Chairman of the company, also refers to net amount of Rs 1,230 crore arranged to the Company by the 37 companies.” After Raju”s disclosure about financial wrongdoings at erstwhile Satyam for several years, the Indian government had superceded the company”s board and later a Company Law Board-monitored bidding process led to Tech Mahindra acquiring control of Satyam.

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