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Sensex breaks 3-day winning streak
The Sensex opened flat at 17,032 owing to subdued cues from the global markets. The index touched a high of 17,099 and continued to swing between alternate zones of red and green. The index slipped to a low of 16,958. The BSE benchmark ended at 16,998, down 52 points. The NSE Nifty settled flat at 5,054.

NHPC to add 4,622 Mw of hydel power by 2012
State-owned Hydroelectric giant NHPC, a mini ratna unit, would add 4,622 Mw of hydel power by 2012, a top company official said today.

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Aligning with China in Copenhagen a mistake: Bhagwati
Eminent economist Jagdish Bhagwati today said India had made a mistake in aligning with China at the recent climate conference in Copenhagen. Instead, the country should have taken a leadership role in climate talks by coming forth with fresh ideas.
Public Company

Statistical lie

In a country where data and information flow is like water on the Moon, bankers who are smart often take advantage of a statistical lie. “When I was a general manager in the planning department, I used to say come to me, I will give all the information. - Central Bankese" - A V Rajwade: Credit default swaps">A V Rajwade: Credit default swaps - India Inc dispels Dubai debt fears - RBI to seek Dubai World exposure details from banks - Recovery still fragile: RBI - Remittances not likely to be hit: Chawla My colleagues wonder how I could have all the information on number of accounts, branches, credit growth etc. Since, nobody has access to any information, whatsoever I say cannot be checked by others!” That is former banker-turned-regulator KC Chakrabarty, an RBI deputy governor who himself is a statistician.


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