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Now aviation ministry wants Rs 1,200 cr for AI
National carrier to get lion’s share of the Rs 1,978-crore budgetary support demanded by the ministry for 2010-11.

Asian markets end positive; Nikkei up 3%
The Hang Seng advanced 203 points or 1% at 21,902.

News of the day

ISB asks Kumar to step down voluntarily
The Galleon hedge fund fraud, the largest insider trading scandal in US history, has had a fallout in India with McKinsey Director Anil Kumar, one of the six accused in the case, being asked to step down voluntarily from the board of Hyderabad-based Indian School of Business (ISB) today.
Small Business

Asian markets off day's lows

Asian markets are trading in the negative, albeit off their day"s lows. - Asian markets end in green - Asian markets up on tech shares, exports - Asian markets end in red; Hang Seng, Shanghai slump - Asian markets end mixed - Singapore bourse extends timings, puts pressure on India"s exchanges - Asian markets end in green The Hang Seng has recouped more than 200 points and is now down 71 points at 21,582 and the Nikkei is lower by 148 points at 10,834. The Taiwan Weighted is weaker by nine points at 8,346. On the other hand, the Seoul Composite and Straits Times are up marginally at 1702 and 2,917 respectively. The Shanghai Composite is down two points at 3,220. ___________________________________________________________________ (Updated at 0824 am) Asian markets are trading in negative zone this morning following weak cues from the US markets over the weekend. The Hang Seng has slumped almost 300 points to 21,357. The Nikkei has tumbled over 200 points at 10,781. The Taiwan Weighted index has shed 39 points at 8,318. The Seoul Composite index has slipped 11 points to 1,691, and the Straits Times is down five points at 2,903. The Shanghai Composite index has declined nine points to 3,215.


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