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Highways development back on track in 2009
In contrast to the lull in 2008, road-rollers and wheel loaders returned to action across the country as the government awarded highway projects worth Rs 20,000 crore in 2009 that saw Mumbai get India"s first and longest open sea cable-stayed bridge.

Blackstone may buy AB InBev's theme park for $3 bn
Blackstone Group, the world’s largest private-equity firm, may buy the amusement-park business of Anheuser-Busch InBev for about $2.5 billion to $3 billion, according to a person familiar with the discussions.

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FIIs net sellers Rs 692cr in F&O on Tuesday
The Foreign Institutional Investors (FIIs) were net sellers of Rs 692.18 crore in futures and options segments on Tuesday.
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Broadcasters ask govt to clear all DAVP dues

The Indian Broadcasting Foundation (IBF), the apex body of all broadcasters in the country, has urged the government to clear dues worth over Rs 55 crore for airing television commercials of various ministries and departments. - Weak rollovers indicate long unwinding - FIIs net bought Rs 210 crore in F&O on Thursday - Weakness across Asia - Brewberrys to stir up coffee market - "We"ve shifted gears to top line, margin building" - CPI(M) questions Mamata"s appointment of intellectuals According to the IBF, the Directorate of Advertising and Visual Publicity (DAVP), the nodal agency responsible for clearing the dues on behalf of the central government, has not cleared the bills for the past two-three years. “We are constantly in touch with DAVP officials. But it has not worked out so far. In fact, some broadcasters in IBF banned a few government departments and did not air their commercials last year,” a top IBF executive says. Senior government officials at the DAVP concede that there are such dues. “We changed our billing system recently. We are processing the bills, both old and new, in accordance with the new format and payments should happen soon,” a senior official said, requesting anonymity. However, sources in the government say money has not come from several departments and ministries whose commercials were released via DAVP.


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