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Vanita Kohli-Khandekar: Star, democracy and media
What does TV broadcast major Star’s shift of operations from Hong Kong to India suggest? What does it mean now that the Star India CEO Uday Shankar will report directly to James Murdoch, the head of Europe and Asia for parent News Corporation, instead of reporting to the regional boss in Hong Kong? In the answers to these questions lie the story of the growth of Indian media.

NHAI against staff inclusion in cadre
The strengthening of the National Highways Authority of India (NHAI) by creating its own cadre has been delayed further, as its board has rejected a proposal to absorb 50 per cent of the existing staff into its own cadre. The authority currently has only around 10 per cent of the present staff as permanent employees and the rest are on deputation.

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Markets at a glance
Worries of rising food prices and a hike in interest rates weighed on the market sentiment. During the week, the BSE Sensex fell 400 points or 2.3 per cent to 16,720, while Nifty fell 130 points or 2.5 per cent to 4,988. However, mid-cap and small-cap stocks performed better, BSE Mid-Cap index fell by 1.6 per cent and Small-cap index declined by 1.04 per cent during the week.
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Markets spurts to day's high

The Sensex is now at 15,375, up 144 points. The NSE Nifty is at 4,566, up 43 points. __________________________________________________________________ SRK stands by his IPL remarks, says India a welcoming place Obama proposes substantial jump in aid to Pak Oil rises on bullish US manufacturing data Tata Motors advanced 7% to Rs 364. Suzlon has advanced 4.5% to Rs 101. Maruti, Tata Steel, ABB and Sterlite have added over 3% to Rs 1,342, Rs 430, Rs 742, Rs 80 and Rs 653, respectively. HDFC has slipped around 3% to Rs 2,384. PNB, Reliance and Ambuja Cements have declined over 2% to Rs 720, Rs 1,995 and Rs 95, respectively. The Sensex is at 15,269, up 37 points. The market breadth is fairly positive, out of 2,565 shares traded, 1,504 have advanced and 971 have adeclined so far on the BSE.


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