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Markets at a glance
Key benchmark indices surged as India’s economy expanded at higher than the expected rate of 7.9 per cent for October. Global markets gained after Dubai financial crisis fears receded. Indian markets opened strong at the start of the week, however, the week’s close saw some profit booking as worries mounted of a weaker-than-expected jobs report from the US.

The indefinitive list
Compiling a bunch of unforgettables from Indian cinema is bound to create room for argument. Suveen Sinha finds plenty to disagree with M K Raghavendra’s 50 Indian Film Classics

News of the day

Adopt carrot and stick policy to get money from Swiss banks
Industrialist Rahul Bajaj today said the government should adopt a carrot and stick policy to bring back Indian money stashed in Swiss banks and suggested that identities of account holders should be protected.
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CIL eyeing partnership with global cos like BHP, Rio

State-run Coal India is eyeing strategic partnership with mining behemoths like BHP Billiton and Rio Tinto to mine coal abroad and has floated an Expression of Interest (EoI) for the same. - CIL may develop coal assets with Australian mining firms - Rio Tinto signs legal services outsourcing deal with CPA Global - BHP agrees to cut 2009 coking coal prices about 58 per cent - Nippon close to signing iron ore pact - CIL plans import cell for non-coking coal - CIL-NTPC to sign fuel supply pact by month-end "We are eyeing partnership with global mining firms like Rio Tinto and BHP Billiton to mine coal in a joint venture format in four countries — South Africa, Indonesia, Australia and US," CIL Chairman P S Bhattacharya told reporters here. The JVs would be formed by Coal India and not its arm Coal Videsh, he clarified. When asked about funds for such ventures, Bhattacharya said, "We are sitting on cash reserves of Rs 30,000 crore." When asked about the extent of hike in coal prices the company is seeking from its ministry, he said it is marginal.


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