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Asia recovering rapidly; but challenges ahead: IMF
The economic recovery in Asia is faster than the rest of the world and is projected to grow by 5.75 per cent during 2010, says the International Monetary Fund.

HC reprieve for Dalmia as Jethamalani tries to mediate
The Bombay High Court today asked the Economic Offences Wing (EOW) not to arrest Delhi-based businessman Sanjay Dalmia after senior counsel Ram Jethmalani said that he was trying to negotiate an out-of-court settlement with Indiabulls Financial Services (IFS).

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Posco Foundation formed
Posco India Limited which is setting up a 12-million tonne per annum steel plant in Orissa has announced the formation of the Posco Foundation for carrying out various social welfare programmes focusing on development of underprivileged sections of the society.
Small Business

Ashok Chavan's U-turn is like Jackson's moon-walk: Thackeray

Shiv Sena supremo Bal Thackeray today lambasted Maharashtra Chief Minister Ashok Chavan for backtracking on his statement on making knowledge of Marathi mandatory for renewing taxi permits in Mumbai and likened the political turnaround to Michael Jackson"s "moonwalk". - Scrap M"rashtra decision on taxis, Lalu tells PM - Taxi permits: Chavan does a U turn, Hindi, Gujarati also ok - Aus team won"t be allowed to play in Maharashtra: Thackeray - Thackeray opposes PM on voting rights for NRIs - Pro-Vidarbha movement gathers momentum - Maharashtra Congress not enthused over Smita Thackeray"s desire to join party "Within hours of making the statement, you withdrew it and have done a turnaround in style of moonwalk by Michael Jackson. Marathi manoos actually expected this U-turn from Congress rulers who do such backtracking as a matter of habit," Thackeray said in a signed open letter to Chavan in party mouthpiece "Saamana". The Sena chief said, "We are not against any language. But I would like to tell you that if you fail to respect Marathi in Maharashtra, you would face the wild fire of public rage in protest against your government". "I ask you to stop this politics of U-turn letting down the Marathi people", he added.


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