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ONGC to spend Rs 26k cr on capex in next fiscal
Oil and Natural Gas Corporation (ONGC) will spend Rs 26,000 crore on capital expenditure in the next financial year, its Chairman and Managing Director R S Sharma said today.

Carriage fees business may decline 20% this year
For probably the first time in 15 years of cable television, the business of paying carriage fees to cable companies by broadcasters for a prominent channel placement is expected to come down by 15-20 per cent (to under Rs 1,000 crore) this financial year, compared to last year.

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And for my next trick...
Hedge funds: Hedge funds have many reasons to thank President Barack Obama. His proposed curbs on proprietary trading should push assets from banks’ balance sheets into the hedge fund industry. They should reduce competition for trading ideas, translating into bigger profits for the funds. And they should make it easier for hedge fund managers to pick off star traders. But proponents of reform should be careful: moving risk about doesn’t make it disappear.
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HC quashes Anil Ambani's Dadri land acquisition

The Allahabad High Court today quashed UP government"s notification for use of emergency powers to buy land for Anil Ambani group firm"s Dadri power project, side-stepping a provision for inviting objections from land owners. - RInfra bags Rs 1,725 cr road project - Mulayam raises RIL gas issue in House - Gas row: RNRL raises objections on govt affidavit - Piramal Healthcare okays Rs 1K cr fund raising - Ambani brothers" gas row has echo in LS - HCL BPO eyes UK, US buys in media , entertainment The state government would now have to invite objections from farmers, who have the option of either returning the money to reclaim the land or forfeit any claim. The agitating farmers and Reliance Natural Resources (RNRL) gave different interpretations of the order, with Anil Ambani group official J P Chalsani contending that land acquisition for Dadri project has not been set aside as claimed by the other side. Passing the order, a Division Bench comprising Justice Ashok Bhusan and Justice Sudhir Aggrawala said that all "subsequent proceedings consequent to the notification of February 11, 2004, including the notification under Section 6 of June 25, 2004 are quashed". The 7,480 Mw project, land for which was acquired by the Mulayam Singh Yadav government in 2004, has become a bone of contention between the Ambani brothers Mukesh and Anil, who are involved in a bitter legal battle in the Supreme Court over supply of natural gas. Anil Ambani group has charged Reliance Industries of reneging on its commitment to supply gas, which it claimed had rendered the project non-bankable. RIL, on the other hand, had also argued in the apex court that the project was not on the ground and hence, the gas could not be given.


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