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Congress may retain CMs in three states
As the Congress held its fort in the key industrial states of Haryana and Maharashtra and strategically important Arunachal Pradesh, the three incumbent chief Ministers — Bhupinder Singh Hooda, Ashok Chavan and Dorjee Khandu — are likely to retain their place in the new governments.

2010: A gamble in equities
Valuations can look stretched if the momentum in recovery doesn’t pick up as expected.

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Godrej looks to buy some of Sara Lee's international biz
FMCG player Godrej Consumer Products today said it is ready to acquire some of its joint venture partner Sara Lee"s international businesses if the US-based company decides to sell its global assets.
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Govt to issue oil bonds worth Rs 10,300 cr to IOC, BPCL, HPCL

The government may issue Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) Rs 10,300 crore worth of oil bonds this week to compensate these companies for the losses they have incurred on fuel sales in last fiscal. The bonds, which will come over and above Rs 61,800 crore already issued to the three companies, would help them bridge the revenue loss they incurred on sale of petrol, diesel, LPG and kerosene in 2008-09, a Petroleum Ministry official said.


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