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Sumit Bose takes charge as Disinvestment Secy
Sumit Bose, former 13th Finance Commission Secretary, today took charge as Disinvestment Secretary, at a time when the government is expected to come out with a roadmap for its equity sale in PSUs next month.

LG aims to sell 3 lakh units by 2010
South Korean consumer durables major LG today said it plans to give a push to its LED TV sales by launching more advanced versions of it in 2010 and expects to sell up to 3 lakh units by the end of next year.

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Michelin inks pact for factory in Chennai
France’s Michelin, the world’s second largest tyre manufacturer, signed a memorandum of understanding with the Tamil Nadu government on Monday to set up a factory near Chennai. The project would attract Rs 4,000 crore investment over the next seven years.
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Asian markets end positive; Hang Seng up 2%

The Asian markets pared some of their gains but managed to end positive. - Asian markets end negative; Seoul Composite sheds 2% - Asian markets extend gains - Asian markets end in red; Hang Seng down 2% - Asian markets in red; Nikkei slumps - Asian markets pares gains towards the end - Asian markets end weak; Hang Seng down 2% The Hang Seng advanced 351 points or around 2% at 21,830. The Nikkei added 72 points to 9,789. The Shanghai Composite ended flat at 3,164. The Straits Times and the Seoul Composite were up over 1% each at 2,659 and 1,572, respectively. The Taiwan Weighted Index increased 45 points to 7,463. ____________________________________________________ (Updated at 1108hrs) Asian markets have advanced ahead of the US job numbers. The Hang Seng has advanced 362 points or 2% to 21,841. The Nikkei has moved up 64 points or 1% at 9,781. The Shanghai Composite Index has added 18 points or 0.5% at 3,172. The Straits Times and the Seoul Composite are up 1% each at 2,660 and 1,569, respectively. The Taiwan Weighted Index is up 59 points at 7,476. ____________________________________________________(Updated at 0808hrs) The Asian markets have opened on a bright Note. The Hang Seng has advanced 404 points or 2% at 21,882. The Nikkei has added 110 points or 1% to 9,828. The Shanghai Composite Index is up 14 points at 3,170. The Straits Times and the Seoul Composite have moved up 1% each at 2,664 and 1,570, respectively. The Taiwan Weighted Index is up 61 points at 7,478.


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