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The sky's the limit
Branson: Richard Branson is making headlines on three continents. The serial entrepreneur is selling Virgin Mobile USA to partner Sprint-Nextel well below its IPO price. But his latest mediocre performance in the US isn’t stopping him elsewhere. Abu Dhabi is ponying up money for his loopy spaceship venture and his Aussie airline Virgin Blue is planning a rights issue. Branson"s record doesn"t give investors any certainty.

Global CO2 emissions could fall by 3% in 2009: IEA
Carbon dioxide emissions, the main driver of global warming, could fall three per cent worldwide in 2009 due to the global economic crisis, the International Energy Agency said today.

News of the day

Power sector to get 50% of extra gas from KG-D6 field
Half of Reliance Industries Ltd’s (RIL’s) KG-D6 additional gas production will go to the power sector. The Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, has finalised consumers for the 50 million standard cubic metres a day (mscmd) of gas that RIL would produce beyond the initial 40 mscmd for which customers had been decided earlier. The fertiliser sector has been allocated 15.3 mscmd out of the initial 40 mscmd gas production.
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Pravasi meet begins, property-related issues dominate Day 1

A plethora of issues ranging from cheating by builders to complexities involved in succession and inheritance of properties dominated the first day of the annual Pravasi Bhartiya Divas attended by nearly 1,500 delegates from over 40 countries. - Hry CM to be guest of honour at Pravasi Bhartiya Divas - Orissa clears Rs 30,000 cr investment proposals - Govt to look into non-delivery of flats by Maytas Properties - Maytas Hill County customers turn to NRIs - Raju pressured Satyam board - Hyd court bars Maytas from loans on land collateral Issues like red tape in approval of investment proposals and bottlenecks in acquiring land for various projects were also raised strongly by the delegates who called for simplifying procedures to facilitate their involvement in India"s development. A group of NRIs from the US, the UK, Australia and some Gulf countries strongly raised the issue of non-delivery of flats sold to them by Maytas Properties, the real estate firm promoted by kin of disgraced Satyam founder B Ramalinga Raju. "More than one year has passed but not a single brick moved into Maytas Hill County in Hyderabad. Over 300 NRIs are trapped into this tragedy and the government has done nothing," claimed Srinivas Reddy, an NRI from Britain. Assuring the diaspora of all possible help, Overseas Indian Affairs Minister Vayalar Ravi, Corporate Affairs Minister Salman Khurshid and Minister of State for External Affairs Praneet Kaur said the government would address all the grievances of NRIs and PIOs. They were speaking at a conference on property- related disputes of the diaspora community.


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