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India open to free trade agreement with US
Prime Minister Manmohan Singh today said India is open to discussions on a free trade pact with the US on the lines of the agreement New Delhi already has with the 10-nation South East Asian bloc.

GM-Opel's threatened loss of jobs strains EU principles
With thousands of jobs across Europe at stake and the spectre of an internal subsidy race that would threaten the hard-fought internal market of the European Union (EU), the General Motors–Opel saga saw another twist in the tale this week, with Brussels stepping in to play referee.

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Affordable housing to drive realty mart: Fitch
The global rating agency Fitch today warned that hardening of interest rates could jeopardise the prospects of the real estate sector in the coming months.
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Govt approves 5% disinvestment in NTPC

The government today approved sale of its five per cent stake in state-run power producer NTPC this financial year. - NTPC move may hike power rates - Vinayak Chatterjee: A 10-point power agenda">Vinayak Chatterjee: A 10-point power agenda - Power crisis acute, state faces power cut - NTPC to set up 100 Mw eco-friendly plant - Power tariff hike likely as NTPC mulls passing on cost burden - Bankers seek clarification from RIL on guarantee The Cabinet Committee on Economic Affairs (CCEA) approved five per cent disinvestment in NTPC, Commerce and Industry Minister Anand Sharma said after attending the CCEA meeting. The government, at present, holds 89.5 per cent stake in NTPC. At the present valuation, the government may be able to raise over Rs 8,000 crore by divesting five per cent stake in the company, which generates over 30,000 mega watt of power annually. Its market capitalisation currently stands at Rs 1,72,000 crore.


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