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Buddha to meet PM, Chidambaram on governor appointment
West Bengal Chief Minister Buddhadeb Bhattacharjee will take up with Prime Minister Manmohan Singh the issue of appointment of a new governor for the state, after the completion of Gopalkrishna Gandhi"s term.

IIM-C summer placement back in limelight
Indian Institute of Management-Calcutta (IIM-C) grads seem to be back in demand as the slot zero--or the most coveted slot offered to recruiters for summer placement--has seen a significant increase in the number of companies coming to the institute over last year.

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Sebi holds hearing on IPO scam
The Securities and Exchange Board of India (Sebi) had a hearing today on the controversial issue of the role of the National Securities Depository Ltd (NSDL) in the IPO scam of 2005.
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RIL, Ecopetrol ink pact for deep water blocks

Reliance Industries (RIL) today said its exploration arm has entered into an agreement with Columbian state-controlled oil company Ecopetrol SA for two deep water blocks. - WABAG looking at global acquisitions worth Rs 2,000 cr - "We plan and open stores patiently" - "Cross-border deals will drive M&As" - Government requests SC Bench to avoid interpreting PSC - Gas row: RNRL raises objections on govt affidavit - BofA to repay bailout funds worth $45 bn In a filing with the Bombay Stock Exchange (BSE), RIL said Reliance Exploration and Production DMCC (REP) has singed an agreement with Ecopetrol under which the Columbian firm would take a 20 per cent stake in the two deepwater blocks -- Borojo North Block 42 and the Borojo South Block 43. The two blocks cover an area of 8,000 sq km. In water depths ranging from 60-1500 metres, the filing added. REP would hold the remaining stake in the two blocks and the deal is subject to approval of the Columbia"s upstream regulator, the filing added. Shares of RIL settled at Rs 1,086, down 1.14 per cent on the BSE today.


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