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Govt okays stake sale in power firms
The government"s disinvestment programme made a muted re-start with the Cabinet Committee on Economic Affairs (CCEA) approving the part-sale of its stake in two power companies — NTPC and Satluj Jal Vidyut Nigam (SJVNL) — but postponing a decision on the overall disinvestment policy.

UBS aims $14.7 bn profit annually in next 3-5 yrs
Swiss banking major UBS today said it aims to achieve the target of about 15 billion Swiss francs (around $14.7 billion) pre-tax profits per year over the next three to five years.

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Samsung India to invest $20 mn in 2009
Samsung India Electronics is planning to invest $20 million (around Rs 100 crore) in 2009 to support its turnover target of $2 billion (around Rs 10,000 crore) for the current calendar year. The company also said it would double its export in 2009 to Rs 1,200 crore.
Public Company

'Speed up freight track project'

A major partner in the Indian Railways’ Rs 60,000 crore dedicated freight corridor project, Japan said it would like the project implemented at the earliest. Japanese Prime Minister Yukio Hatoyama said the building of exclusive rail lines for freight carriers along with dedicated industrial corridor should take shape fast. - Sunanda K Datta-Ray: Pricey porters">Sunanda K Datta-Ray: Pricey porters - And now, Railway TV - Railways could soon have TV channel - Railways" earning up 6% during Apr-Sept - Rlys to run special trains - Howrah-Mumbai Duranto Express begins inaugural run “The prime minister underscored the importance of an early finalisation of major economic initiatives that the two sides have jointly begun, in particular the dedicated freight corridor project,” Secretary (East) in the Ministry of External Affairs, N Ravi, said after the meeting.


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