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JSW Steel cuts prices by up to Rs 1,400 a tonne
Leading steel maker JSW Steel today cut prices of its products by up to Rs 1,400 a tonne, mainly due to the softening global trend.

Raj Oil Mills ends at marginal discount on debut
Raj Oil Mills finally settled at Rs 118 on the BSE today. The debutant touched an intra-day high of Rs 133, up 6.5% from its opening. The counter clocked a volume of over 17.3 million shares on the first day.

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Disinvestment not a forgotten word in 2009
Disinvestment of public sector companies gathered steam in the first year of UPA-II that saw two PSUs-- Oil India and NHPC-- raising around Rs 8,600 crore from IPOs and the way was cleared for divestment in three more state-run power companies in the new year.
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IPCC admits 'Himalayan' blunder

The Intergovernmental Panel on Climate Change (IPCC) has admitted that a claim made in the 2007 report headed by R K Pachauri — that Himalayan glaciers could melt away by 2035 — was unfounded and unsubstantiated. - Dalai Lama concerned over global warming - Barun Roy: Another lost frontier">Barun Roy: Another lost frontier - New pact must have Kyoto Protocol features: Pachauri - "Consultations, analysis in Accord has no weight" - "US can"t interfere in India"s domestic climate actions" - Pachauri accused of making "fortune" from carbon trading firms “The clear and well-established standards of evidence, required by the IPCC procedures, were not applied properly,” said IPCC in a statement on its website today. IPCC said it regretted “the poor application of well-established IPCC procedures in this instance”. Meanwhile, leading glaciologist and senior fellow at The Energy and Resources Institute, Syed Iqbal Hasnain, who was quoted in New Scientist as saying Himalayan glaciers were likely to disappear by 2035, defended himself in another statement. Hasnain also said that technology had improved in recent years and results could be better. “Now, we have more sophisticated and accurate instruments and techniques, as compared to those 10 years back. So, precision has increased and the new results are coming out,” he added. IPCC said the broader assessment remained correct that warming of the earth would lead to widespread losses from the glaciers. The concluding document of the IPCC’s Fourth Assessment Report stated: “Climate change is expected to exacerbate current stresses on water resources from population growth and economic and land-use change, including urbanisation”.


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