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Investor wealth erodes by Rs 2 lakh-cr in a day
The meltdown on bourses today left investors on the Bombay Stock Exchange (BSE) poorer by over Rs 2 lakh-crore -- with nearly half of the losses being incurred by shareholders in the 30 blue-chip stocks.

'Toothless' MRTP is laid to rest
From September 1, 2009, the Monopolies and Restrictive Trade Practices (MRTP) Act 1969 has been laid to rest, and the Commission will not accept fresh filings. By now all readers are aware of the roadblocks involved, being various court cases, with challenges to the appointment of the chairperson, the status of pending cases and existing employees. Amendments to the Competition Act 2002, and its slow passage in the Houses of Parliament delayed the introduction of an effective anti trust law, a vital element in an open economy which aspires to be a global major.

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Black Rose owner ran two ships in same name: CID
The mystery surrounding Black Rose, the Mongolian ship which sank near Paradip port a couple of months back, appear to be unfolding gradually with the officials of the Criminal Investigation Department (CID) unearthing some vital facts in their probe.
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Sail rises on new project plans

Sail has closed at Rs 187, higher by nearly a Re or 0.5%, on the BSE. - Jharkhand govt gives major ore lease to SAIL - NMDC-SAIL join hands for Himachal project - Jharkhand agrees to renew Chiria leases to SAIL - Sensex gains 189 points, led by Maruti Suzuki, SAIL - Cab Secy asks ministries not to interfere in CPSEs - SAIL-NMDC to invest Rs 260cr in Arki limestone mine _____________________________________________________ (updated at 1050 am) Sail is quoting at Rs 189, higher by Rs 2.6 or 1.4%, on the BSE. The Jharkhand government has agreed to renew Sail"s Buddhaburu lease — part of the Chiria iron ore belt — having reserves of 810 million tonnes. Chiria is Asia’s largest iron ore belt, with two billion tonnes of reserves. Moreover, a memorandum of understanding was signed between the state-owned mining company NMDC and Steel Authority of India (SAIL) to jointly develop a limestone project at Arki in Himachal Pradesh with a three-million tonne per annum capacity.


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