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Spectrum policy under fire in RS
The Opposition on Thursday lambasted the telecom ministry, alleging that the 2G spectrum allocation to mobile operators resulted in a loss Rs 60,000 crore to the exchequer, a charge rejected by the government. Leader of Opposition Arun Jaitley said in the Rajya Sabha that the difference in the valuation of spectrum awarded by the government in 2007 to private players and the value realised in transaction with foreign companies in each case had been minimum Rs 6,000-7,000 crore.

Deutsche Bank Q2 net surges 67% to euro 1.1 bn
German financial services major Deutsche Bank today reported a 67 per cent jump in net income to euro 1.1 billion (Rs 7,566 crore) for the second quarter of 2009, bolstered by a good performance in its corporate and investment banking operation.

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Simbhaoli Sugars back in black with Rs 72 cr profit
Simbhaoli Sugar reported profit of Rs 71.9 crore in the second quarter of financial year 2010. The company has made a loss of Rs 29.1 crore in the corresponding quarter last year.
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Dhoni world's top earning cricketer: Forbes

Indian skipper Mahendra Singh Dhoni has topped the list of world"s 10 top earning cricketers compiled by Forbes, which also features four other players from the sub-continent, Sachin Tendulkar, Yuvraj Singh, Rahul Dravid and Sourav Ganguly. - Mumbai named among "world capitals of the future" - Sonia Gandhi, Chanda Kochhar among top 20 powerful women - Angela Merkel world"s most powerful woman: Forbes - Sonia, Kochhar among top 20 powerful women - SunGard mulls acquisition in India - Nooyi, Narayen among 25 "top gun" CEOs in US: Forbes Raking in $10 million, Dhoni is at the top of the chart followed by Tendulkar at the second spot with earnings worth $8 million in the list of "The World"s Top-Earning Cricketers". While Singh and Dravid are at the third and fourth spot, respectively, Ganguly and Australian cricketer Ricky Ponting share the sixth place. "Paycheck figures include club and national team salaries and commercial endorsement income over the last 12 months," Forbes said. According to the magazine, Singh earned $5.5 million while Dravid and Ganguly raked in $5 million and $3.5 million, respectively. Ponting also earned $3.5 million. "With its deep-pocketed owners and global appeal, nine of the 10 highest-paid cricket players call the Indian Premier League (IPL) home, the publication added. At the fifth spot is England"s Andrew Flintoff with earnings of $4 million followed by Australia"s Brett Lee and English cricketer Kevin Pietersen, both at eighth place, and Australian Michael Clarke is ranked tenth. While Lee and Pietersen raked in $3 million each, Clarke earned $2.5 million. "Take Mahendra Singh Dhoni, who plays for the Chennai Super Kings and tops our list as cricket"s first $10 million-a-year man (that"s $5,426 for each run scored). "His $8 million in endorsements, from the likes of Reebok, General Electric and Pepsi, is 45 per cent more than any other player. "Among all Indian athletes and entertainers, Dhoni"s 17 corporate sponsors is second to only Bollywood star and co-owner of the Knight Riders, Shah Rukh Khan," Forbes said. About Tendulkar, the magazine said the holder of numerous offensive records, is considered among the greatest batsman in cricket history. "...He"s one of five IPL players who have been bestowed "icon" status, meaning he automatically receives a paycheck 15 per cent larger than his highest paid teammate. "Tendulkar"s $1.1 million salary from the Mumbai Indians helped push his total earnings to $8 million over the last 12 months," it added.


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