Need to Know | Pearson to increase India investment

Need to Know | Pearson to increase India investment

New Delhi: Buoyed by strong performance and increased focus on education services in India, leading media company and publisher of the ‘Financial Times’, the Pearson Group, plans to increase its investment in India over the next three years. The group’s India division, which includes Penguin Books India and Pearson Education, posted strong sales. Penguin sales grew by 72% in 2007 over 2006 to around Rs100 crore, while the sales of its education unit’s schools segment was up 61% in the same period.

“Pearson’s Indian companies continue to show extraordinary growth, confirming our confidence in the economy and the business sector," said chief executive Marjorie Scardino in a statement. Pearson has appointed its director of business development in India, Khozem Merchant as the deputy chairman. He will be coordinating with India chairman John Makinson. Pearson has also set up a corporate office in Delhi.

- Staff Writer

Expedia launches new travel portal

New Delhi: Global travel firm Expedia Inc. has launched its India operations with a new travel portal targeted at international travel emanating from India. Though a late entrant in a clutered online travel market, managing director for India Sharat Dhall said he was sure the portal will break into international bookings space, only 10% of which was currently being made online.

- Tarun Shukla

Panel members named on higher education

New Delhi: Names of members of a government committee to review two regulatory bodies on higher education the All India Council for Technical Education or AICTE, which regulates private colleges, and the University Grants Commisssion or UGC, which supervises state-run universities was announced on Thursday .

They are Kaushik Basu, professor of economics, Cornell University; Yash Pal, an expert who helped revamp school curriculum; Pankaj Chandra, director, Indian Institute of Management (IIM) in Bangalore; M.S. Ananth, director of Indian Institute of Technology (IIT) in Chennai.

The committee is yet to meet, R.P. Agarwal, secretary, responsible for higher education said on the sidelines of a press conference.

- Aparna Kalra