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HC allows TVS to use Bajaj's patented tech
The Madras High Court on Monday set aside its earlier order restraining country’s third largest two-wheeler manufacturer TVS Motors from manufacturing and marketing vehicles with twin spark technology.

Airlines dole out attractive schemes to woo biz travellers
Faced with a major downslide in business traffic, airlines are now adopting innovative schemes to attract high-end and corporate travellers to fill in the seats on the front rows.

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Sunil Jain: Continuing to dial disasters
The decade began with the government doing the right thing and auctioning mobile phone licences, but ended with the scandal over its decision to start playing favourites and handing over licences to a chosen few firms at a price that was Rs 50,000 crore less than the market one. The decade began with the government privatising the Delhi Vidyut Board (DVB) in the midst of a huge scandal, since it offered several thousand crore of concessions to two firms, and ended with another scandal over how the winning bidders for the Bangalore airport awarded the major part of the contracts to themselves — and passed on the increased costs to the flying public.
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Deora requests PM to issue Rs 21k-cr oil bonds

With Finance Ministry"s defiance pushing fuel retailers into red, Oil Minister Murli Deora today requested Prime Minister Manmohan Singh to immediately issue over Rs 20,870 crore worth of bonds to state-run firms to make up for losses they incurred on fuel sales. - Indo-UK ties witness upswing in 2009 - Mid-year review for urgent action to deal with high prices - Eco growth in current fiscal to exceed 7.75%: FinMin - GAIL India seeks $0.18/mmBtu as marketing margin on gas sale - Finmin failed to address price situation: Par panel - Symbol for rupee in final lap "I met Prime Minister with a request that oil bonds worth Rs 20,872 crore be issued immediately," Deora said. Though the government had earlier this year explicitly decided to compensate Indian Oil, Hindustan Petroleum and Bharat Petroleum for the losses they incur on selling domestic LPG and kerosene through public distribution system by way of oil bonds, the finance ministry has not issued any bonds for the three quarters. The three firms lost Rs 11,853 crore in revenues on not being allowed to raise LPG and kerosene prices in line with the cost during April-September. An additional Rs 9,019 crore revenue loss is estimated for the third quarter ending December 31, 2009. Deora had on at least two occasions written to Finance Minister Pranab Mukherjee for issuance of oil bonds but the ministry did not provide any sum towards this in supplementary demands of grant (extra spending) that it got approved from Parliament this month. "We have not got any bonds in the last three quarters. It is not possible to continue like this," Deora said pointing to BPCL and HPCL reporting net losses in Q2 while IOC barely making a profit.


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