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| L N Mittal doubles his stake in Ophir Energy | 23-NOV-09 |
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| Steel magnet Lakshmi N Mittal has paid over $10 million to double his stake in Africa- focused Ophir Energy Plc to 21.2 per cent, even as he exited the oil and gas business in the Central Asian nation Kazakhstan. |
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| ICICI, Infy among best firms for nurturing talent | 23-NOV-09 |
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| As many as five Indian companies, including ICICI Bank and Infosys Technologies, rank among the top 12 companies in the Asia Pacific region for being instrumental in building leadership capability within their organisation. |
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| The business of education | 23-NOV-09 |
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| In the past week, this newspaper carried three related news reports on the business and economics of education. First, we reported that public expenditure on education in the Eleventh Plan period was falling short of the set target. This despite the fact that the prime minister dubbed the Eleventh Five Year Plan as the “National Education Plan”. Second, we reported the findings of the US Institute of International Education that Indian students spent as much as $2.75 billion (Rs 12,500 crore) in the US by way of tuition fees and living expenses during academic year 2008-09. Add to this what Indian students are increasingly willing to pay for education in other English-speaking countries around the world. Third, we reported the decision of the Union human resource development ministry to seek ideas from a group of Indian businessmen on ways in which for-profit private educational institutions can bridge the resources gap in higher education. |
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| Protests against buying land boost Orissa Naxals | 23-NOV-09 |
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| Recently L N Mittal, the world’s top steel maker, announced in London that he may shift his 12-million tonne steel project out of Orissa because of the long delay in land acquisition and local opposition to the project. |
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| Obama-Singh to run last mile on nuclear deal | 23-NOV-09 |
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| Trying to resolve sticking points on the India-US civil nuclear cooperation agreement on the one hand, and narrow differences on their approach to climate change on the other, India and the US are likely to sign a joint Memorandum on Energy Security, Clean Energy and Climate Change during Prime Minister Manmohan Singh’s visit to the United States this week. |
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| Range-trading may continue this week | 23-NOV-09 |
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| AA week of very narrow range trading ended with small positive gains. The Nifty closed at 5,052.45 points for a gain of 1.1 per cent. The Sensex closed up 1.02 per cent at 17,021.85 points. The Defty closed up by 0.65 per cent with the rupee losing a little ground. |
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| Creating value | 23-NOV-09 |
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| The move by IVRCL Infrastructures to transfer its BOT projects to IVR Prime is positive for the duo. |
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| Bank rates go down in spite of RBI signal | 23-NOV-09 |
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| The Reserve Bank of India’s second quarter monetary policy review signalled an exit from the central bank’s accommodative stance, leading many to believe that interest rates would move in only one direction – north. |
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