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Mamata eyes Jharkhand votes
Buoyed by the Trinamool Congress’ success in the just-concluded Arunachal Pradesh elections in which it won five seats, party chief Mamata Banerjee has decided to field candidates in the upcoming Jharkhand elections as well. Even as the Congress is irked by Banerjee’s zeal as her party eats into its votebank, Banerjee is determined to make the Trinamool a registered national party by increasing its vote share in other states. The two parties are partners in the United Progressive Alliance but Banerjee is yet to decide if the Trinamool will support the Congress government in Arunachal Pradesh or sit in the opposition. Banerjee is also looking at constituencies in the East Singhbhum area — with a considerable Bengali population — as her target constituencies in Jharkhand.

UniverCell plans 700 stores
Chennai-based mobile retail chain, UniverCell, will be opening 700 stores across the country in the next two years. Each outlet will entail an investment of Rs 28 lakh.

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IL&FS hikes stake in Maytas Infra to 37.01%
Private lender Infrastructure Leasing & Financial Services (IL&FS) has increased its stake in Maytas Infra to 37.01 per cent by acquiring shares given as surety for a loan by the family of disgraced Satyam founder B Ramalinga Raju, promoters of the company.
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Asian markets end weak

Asian markets ended weak. The Hang Seng closed down 234 points at 20,121 and the Nikkei dropped 216 points to 10,198. - Asian markets end firm - Asian markets end with moderate losses - Inflation fight fears - Asian markets trade weak - Asian markets end in the red - Asian markets trade weak The Seoul Composite tumbled 40 points to 1,602. The Straits Times dropped 10 points to 2,747 and the Taiwan Weighted declined by 54 points or 7,640. The Shanghai Composite ended flat at 2989. -------------------------------------------------------------------------------------------------------------------------(Updated at 1145am) Asian markets continue to trade in red. The Hang Seng has recovered from the day"s low and is now down 158 points at 20,198. The Nikkei has dropped 201 points (1.9%) to 10,213. The Seoul Composite has tumbled 47 points (2.8%) to 1,596. The Straits Times and the Taiwan Weighted have dropped .07% each to 2,734 and 7,640, respectively. The Shanghai Composite is flat at 3,001. ________________________________________________ (Updated at 0825 hrs) Asian markets have opened on a subdued note. The Hang Seng has dropped 263 points (1.2%) to 20,094. The Nikkei has declined 162 points (1.5%) to 10,252 on a stronger yen. The Taiwan Weighted has shed 132 points (1.7%) at 7,562. The Seoul Composite has tumbled 29 points (1.7%) to 1,612. The Straits Times is down 22 points (1%) at 2,736. However, the Shanghai Composite has added 16 points to 3,010.


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