Budget Special : No increase in passenger rail fares, slew of sops in budget
In a thanks-giving budget, Railway Minister Mamata Banerjee Friday proposed no increase in passenger fares or freight tariff while announcing a slew of measures including launch of 12 non-stop point-to-point long-distance trains and air-conditioned double-decker coaches for inter-city travel, reports PTI.

Banerjee proposed an outlay of Rs407.5 billion for 2009-10. Out of this,...

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  • MCX-SX ropes in Nomura to find PE investors for stake sale
    The country's third largest national level stock exchange, MCX Stock Exchange (MCX-SX) has appointed global investment banker Nomura Financial Advisory, for selling stakes in the company to the private equity (PE) firms, reports PTI.

    MCX-SX, promoted by Financial Technologies (India) Ltd (FinTech), currently runs currency derivatives trading and is awaiting regulatory approvals to...

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  • Myth & Mysteries of Large-screen TVs
    Some years ago, people wanting a flat, large-screen TV had to ask: Can I spare Rs8 lakh? In 2000, Philips sold its plasma TV for that price. In 2009, you can get a 47-inch LCD (Liquid crystal display) TV from Philips at Rs119,990. Today, LCD and plasma TVs are within your reach; flat-panel TVs have almost become ‘de facto’ in new purchases. Consequently, all TV manufacturers are...
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