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Grupo Mexico's $1.6-bn bid rivals Vedanta's offer
Competing with Vedanta Resources, Grupo Mexico has come up with a $1.6 billion reorganisation programme for regaining control of its bankrupt firm, Asarco.

Soft metal
While the run-up in prices have made metal stocks expensive, medium term prospects are unattractive due to weak demand and inventory pile-up.

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MPs goodwill visit to Egypt, Greece put off as austerity step
The first foreign visit by a delegation of the 15th Lok Sabha has become a victim of austerity measure.
Management

Stimulus packages will have to be withdrawn slowly: Rangarajan

The Prime Minister’s economic panel today said the government and the RBI will have to slowly withdraw the stimulus packages given during the slowdown once the economy begins to show surer signs of recovery. "There should, however, not be a premature withdrawal and the RBI has to guard against re-emergence of inflation," Chairman of the Prime Minister’s Economic Advisory Council C Rangarajan said today in his address to a two-day seminar on "International Financial Crisis and Its Impact on India".


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