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Rlys white paper shows black spot in Lalu era
The white paper (official position statement) on organisational, operational and financial performance of the railways, presented in Parliament today, busted former railway minister Lalu Prasad’s claims of raking in record profits during his 2004-09 stint.

Global crisis led to breakdown of trust in fin system: RBI
Reserve Bank Governor D Subbarao today said the ongoing global crisis has resulted in a massive breakdown of trust in the financial system and that the study of economics could lose its value base.

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Sensex swings zones; DLF slips 4%
The Sensex is swinging between zones owing to alternate bouts of buying and selling. The index is now at 16,878, down 34 points.
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Hearing in RIL-RNRL dispute may be deferred to Sept 4

The Supreme Court is likely to defer the gas dispute between Mukesh Ambani group firm RIL and Anil Ambani group company RNRL to September 4, as the chief justice may lead a Constitutional Bench the same day. - SC to start final hearing on gas row on Oct 20 - T N Ninan: The real gas issues">T N Ninan: The real gas issues - RoC gives clean chit to RIL-Reliance Petro merger - RIL slams ad blitz without naming Anil group - Gas field validation independent; no deals with RIL: Mustang - SC to commence final hearing on Ambani gas row on Oct 20 The cross-appeals filed by RIL, RNRL and the admissibility of the government’s special leave petition (SLP) on a dispute are scheduled to be heard by a three-judge Bench headed by Chief Justice K G Balakrishnan on September 1. Sources said there may be a change in the date of hearing due to the fact that the chief justice is leading a Constitutional Bench comprising five judges on September 1. RNRL is likely to raise the issue before the court tomorrow.


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