Popular Articles

ADRs gain $11 bn in September
Indian stocks trading on American bourses gained about $11 billion in one month, with IT bellwether Infosys and private sector lender HDFC Bank accounting almost half of the gains. For the month ended September 30, Indian entities listed on the New York Stock Exchange and Nasdaq added $10.61 billion to their market-cap, with Infosys and HDFC Bank together contributing $5.82 billion.

Reliance, L&T-led consortia in race for B'lore Metro project
Five consortia led by Reliance Infrastructure, L&T, ITD Cementation India, Pioneer Infratech and Lanco Infratech have been shortlisted for the $2-billion (Rs 9,270 crore) High Speed Rail Link (HSRL) in Bangalore.

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Fiat to increase prices by up to Rs 25,000 next month
Italian car maker Fiat is going to hike the prices of the Linea sedan and Grande Punto hatchback by Rs 15,000-25,000 from January on the back of rising input costs, according to a statement released today.
Public Relations

No pay hike for British queen

Like many, Britain’s queen will also not get a pay hike, at least till elections next year. According to the Daily Express, British Prime Minister Gordon Brown has told the queen, she will have to wait until after the general elections to discuss her bid for a rise in her £7.9 million a year Civil List payment. Brown has decided not to fix a new 10-year deal covering the queen’s costs, fearing that the plea for a huge pay rise over the next 10 years could become an election issue, the report said. - UK accuses China of hijacking climate summit - Singh, Wen hold talks ahead of plenary at the climate summit - PM in Copenhagen; seeks to preserve areas of consensus - Tata ready to discuss Teesside with British PM - Ramesh fears a secret political climate draft is underway - PM seeks constructive approach to combat climate change Senior Royal aides have been pressing for a 100 per cent increase in the annual amount the queen receives, arguing that her spending on her official state duties is currently around £15 million a year. The queen has been repeatedly rebuffed in her bids for an increase in the additional £15 million a year she receives from the British government to maintain her crumbling palaces and deal with a £44 million repairs backlog.


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