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Markets extend losses
The Sensex is quoting at 16,633, down by 232 points and the Nifty is placed at 4,922, lower by 81 points.

Taking off
The economic recovery and a low base should help India Inc post robust profit growth for the December quarter.

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Jindal Power files DRHP with Sebi
Jindal Power, a subsidiary of Jindal Steel & Power (JSPL), has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for a public issue of equity shares through 100 per cent book building method.
Small Business

Naveen launches HAM Radio

The chief minister Naveen Patnaik today launched HAM Radio Communication network in the state. This is expected to improve the preparedness to face the natural disasters. Speaking on the disaster mitigation day here, the chief minister said, the Orissa State Disaster Management Authority (OSDMA) in collaboration with the Indian Space Research Organisation (ISRO) and the National Remote Sensing Centre (NRSC) will set up 220 Automated Weather Stations (AWS) in different parts of the state. - Defaulting industries to pay "pollution charge" - Central Bank, Ipicol ink pact for Rs 25,000 crore funds - Centre asked to include HIV positive people in BPL list - Naveen seeks more power from NTPC - Afforestation for 10 lakh hectares - Orissa govt taken aback at Mittal withdrawal Similarly, the state government has provided land and building to IMD for setting up of Doppler radars at Paradeep, Gopalpur, Balasore and Sambalpur. This will further strengthen the capability in accurate weather prediction within a radius of 400 kilometers.


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