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Prices may fall to $70: NMDC
Cash iron ore prices may fall to about $70 a tonne in the “near term” as China, the world’s biggest buyer, cuts purchases, said Rana Som, chairman of NMDC, India’s top producer of the steel making material.

Sterlite Industries to raise funds via QIP
Sterlite Industries India, a Vedanta Group firm, today said it is planning to raise funds through the issue of securities under Qualified Institutional Placement (QIP) route.

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Food inflation at 19.83% on high potato, pulses rates
Food inflation, as measured by the Wholesale Price Index (WPI), rose to 19.83 per cent for the week ended December 19 primarily due to rising prices of potatoes, pulses and other vegetables. Food inflation stood at 18.65 per cent for the previous week ended December 12 and at 9.38 per cent during the corresponding period in 2008.
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Kevin Rudd promises Indian students' safety

Australian Prime Minister Kevin Rudd today said his government was committed to taking every “physically possible” step to ensure that all international students in his country remained safe. - Real estate industry on recovery path: E&Y - Action on climate change can trigger job opportunities: Rudd - Ficci recommends dedicated security force to guard cos - India Eco Summit: The Summit reaches a milestone - Financial innovation, ICT can turn around higher education sector: Ficci - Newsmaker: Tarun Das">Newsmaker: Tarun Das “The Australian government is committed to do all that is physically possible to ensure that all international students in Australia have safe and rewarding experience,” he said at a luncheon meeting hosted by industry chambers CII, FICCI and Assocham here. Rudd said Indian students represent the future of India-Australia business ties and they are “welcome guests in our country...We have an obligation to extend the hand of friendship and support to all Indian students”. India’s external affairs ministry spokesperson had said yesterday: “Safety and security of Indian students and people of Indian origin is of highest importance... unfortunately, attacks have recurred in the last week or so.” Indian students have been the target of racial attacks in Australia. Prime Minister Manmohan Singh and External Affairs Minister S M Krishna have already taken up the issue with Australia.


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