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VW backs Porsche contracts, paves way for merger
Volkswagen AG’s supervisory board signed off on contracts for its takeover of Porsche SE in stages, clearing the way for Europe’s largest automaker to add the 911 sports car to its model line up.

Britons selling kidney to beat credit crunch
At least a dozen Britons have offered to sell their kidneys for 25,000 pounds or more each to beat credit crunch and pay off their debts, a media report said today. Their advertisements offering kidney have appeared on the internet and five of them corresponded with undercover journalists, who posed as friends and relatives of sick patients to negotiate sales, The Sunday Times claimed.

News of the day

11 Telangana ministers withdraw resignations
Eleven of the 13 Congress ministers from the Telangana region, who had resigned from their posts demanding a concrete action on the formation of Telangana state, decided to withdraw their resignation on Thursday.
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Nifty below 5,000 in opening trades

The Sensex has opened weak this morning following subdued cues from its Asian peers. The Sensex opened at 16,827 and is now down 114 points at 16,744. - Markets down in early trades - Tech view: Markets likely to open weak - Downside breakout could test 4,800 - Markets at a glance - Downside breakout could test 4,800 - BSE Capital Goods index slumps 7% this week The Nifty is down 37 points at 4,998. Asian markets are in red in morning trades. The Hang Seng has dropped 239 points (1%) to 20,486. The Nikkei has slipped 127 points (1.2%) to 10,463.


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