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New system to provide real picture of price situation: govt
Conceding that WPI-based inflation was not reflecting the rising prices adequately, the government today said the new mechanism has been devised to provide a better picture of the price situation.

Facebook, for those who came in late
It’s simply impossible not to have heard about Facebook. For over five years, this highly successful social networking site has become the definitive place for young adults to upload details about their day-to-day life.

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FIIs to obtain RBI nod for buying Maruti shares
The Reserve Bank of India (RBI) today said that foreign institutional investors (FIIs) would be allowed to buy more shares of Maruti Suzuki but only after obtaining approval from the central bank.
Public Company

Coal India to go 'Public Ltd' before divestment

Paving way for its disinvestment, the country"s largest coal miner, Coal India, will soon become a "Public Ltd" company from a private one at present. "For disinvestment and coming out with public offer, the pre-requisite is to become a public limited company. We will adopt a resolution in a month or two to become a public Ltd company from private Ltd at present," Coal India Chairman P S Bhattacharyya said over phone from Kolkata. Coal India produced about 403 million tonnes of coal in the last fiscal. The company has a capital expenditure plan of Rs 3,200 crore for this fiscal and aims to increase production by 7.5 per cent to 435 million tonnes by the end of the current financial year. Coal India had a profit before tax of Rs 8,738.46 crore in the last fiscal.


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