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Fashionable in bed
Abhilasha Ojha goes shopping for bed linen and finds that the branded market is flooded with incredible options, including limited edition collections, zany motifs and quality that redefines comfort.

DoT allots 8 series to Reliance
On account of exhausting mobile phone numbers starting with the digit 9, the Department of Telecommunications has allotted Reliance Communications a new series beginning with the digit 8(055) for its Maharashtra and Goa circle (M&G).

News of the day

India's growing economy to fuel oil demand: Opec
The Organisation of Petroleum Exporting Countries (Opec) has projected that a rise in India’s gross domestic product (GDP) would lead to increased oil consumption next year. India oil demand was not affected by the economic crisis in 2009, and next year’s oil usage is forecast to grow further. All sectors are seeking more energy and new vehicle registrations are expected to continue the fast growth of 2009. These factors would push up oil demand by 15 per cent, making it the fastest growing product in terms percentage rise, Opec said.
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JSPL in race for Mongolia's coal mine

Naveen Jindal-controlled Jindal Steel & Power Ltd (JSPL) is in the race for Mongolia’s Tavan Tolgoi coal project, one of the 10 biggest deposits in the world. - Essar considers selling unit stakes - JSPL Angul project Phase-I to go on stream in 2011-12 - Jindal Power plans Rs 4,000-crore IPO - Jindal Steel Q1 net up 2-fold; announces 5:1 bonus issue - Having a dog's life - Hit and miss Vikrant Gujral, vice-chairman and CEO, JSPL, said: “We had made a presentation before the Group of Ministers. We have been informed that we are one of the shortlisted bidders for a 49 per cent stake in Tavan Tolgoi. This is a big deposit and we are the only Indian company to be shortlisted.” Tavan Tolgoi has six billion tonnes of coal, of which two billion is coking. The balance 51 per cent stake would be held by a government-owned company. Though Gujral did not specify the value of the deal, pointing out that this would have to be studied, industry sources said it could run into billions of dollars as it is an operational mine. He said most Indian companies have been eyeing smaller mining companies, while adding BHP and Brazil’s Vale were also in the fray. Gujral said the coking coal could be transported to cater to JSPL’s steel plants in India. However, he pointed out that Mongolia is a land-locked country and the mineral would have to be routed through either China or Russia. JSPL operates a three-million-tonne plant at Chhattisgarh and has lined up two six-million-tonne plants for Orissa and Jharkhand, for which Memoranda of Understanding have been signed. Moreover, there are plans to add another three million tonnes at Chhattisgarh. Indian steel companies have been scouting for raw material assets overseas in the past few years. Coking coal accounts for around 50 per cent of the raw material costs and proven reserves of prime coking coal in India are at 4.6 billion tonnes, but production is around seven million tonnes only. Also, the quality of Indian coking coal is poor and has to be blended with imported coal.


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