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Bollywood-multiplex stand-off may end before June 12
Millions of fans of Hindi movies will soon be able to watch their favourite Bollywood films in multiplexes, with highly-placed sources in the film production and exhibition business saying a resolution is expected before June 12 to the two-month dispute over revenue-sharing between producers, distributors and multiplex owners.

BJP, Left mull House co-ordination
After voting with sworn political enemy Bharatiya Janata Party (BJP) against its one-time ally, the United Progressive Alliance (UPA) last year, the Left is again considering floor co-ordination with the saffron brigade in Parliament.

News of the day

Pruned hedges
Hedge funds: Hedge funds are back in the land of the living. After a dismal 2008, they had a strong first half. Of course, rising markets aided them. But it helps that because of losses, withdrawals and, above all, a huge reduction in leverage, they wield only about a quarter of the nearly $10 trillion firepower they used to put to work. So trades are less crowded – and more profitable.
Business Opportunities

RIL abstains from bidding under NELP

Drawing a poor response, India"s largest oil and gas licensing round saw a total of 76 bids being received for 36 out of 70 blocks on offer. Reliance Industries abstained from bidding for the 70 exploration blocks on offer in the eighth round of auction under the NELP, companies like BHP Biliton of Australia, BG of UK and Cairn Energy were the only notable companies besides home grown giants like ONGC, the Joint Secretary (Exploration), Ministry of Petroleum and Natural Gas, D N Narasimha Raju, said. Jan cement sales in high double-digit Of the 10 coal bed methane (CBM) blocks on offer, bids were received only for 8. RIL bid for one block. Of the 24 deep water blocks on offer, bids were received only for eight. 13 shallow water blocks received bids while 10 small onland blocks got 37 bids while five larger onland blocks got 10 bids.


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