Exodus at Sical Logistics
Chennai: Sical Logistics (SL), which which in port handling, shipping, trucking and warehousing, services, is facing a manpower crisis as some senior members of its management team and middle-level personnel have quit the firm in last few months.

The company has lost two of its managing directors along with three members of its senior management team in the previous two months, industry sources said.

Those who have resigned include Ram Kumar, the managing director of the company and Shankar, the managing director of its subsidiary Sical Distriparks who have been with the company since its inception two decades back. Besides these, 25 crucial middle-level personnel had also left in the last six months.

There has been a sudden fall in company's turnover and profits during the last nine months and according to the company's website which gives details of the second and third quarters of the current fiscal, profits had dipped by 38 per cent, with sales coming down to Rs3.89 billion from Rs4.47 billion during the corresponding period last fiscal.
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UAE prime minister on visit to India
Dubai: Shaikh Mohammed bin Rashid Al Maktoum UAE's prime minister is on a two-day visit to India beginning today. He is visiting India on the invitation of Prime Minister Manmohan Singh.

Shaikh Mohammed, also Ruler of Dubai, who took over as UAE prime minister in January 2006 last visited India in 1974 as the UAE Defence Minister accompanying his father, the late Shaikh Rashid bin Saeed Al Maktoum.

Sheikh Mohammed, accompanied by seven ministers and a high-level business delegation, During the visit, the two countries are expected to sign a double taxation protocol though a double taxation agreement already exists between the two countries. A visa avoidance agreement on government officials and diplomats holding passports of either of the two countries will also be signed to facilitate their visits.

The agreements on customs cooperation, exchange of prisoners between the two countries (an extradition agreement already exists), on combating international terrorism, money laundering and other crimes are also on the table. Shaikh Mohammad would call on Indian Prime Minister Manmohan Singh and President A P J Abdul Kalam.
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