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Worst may be over for paper industry
The paper industry may recover its losses from the next quarter due to an expected rise in demand because of robust industrial and economic growth. The industry was suffering from overcapacity, low demand and competition from cheap imports. While no fresh capacities have been added in the recent past except in the writing and printing paper segment, analysts hope the demand to improve soon.

Daiichi FY'09 loss at $3.45 bn on fall in Ranbaxy scrips
Japanese drug maker Daiichi Sankyo today reported a loss of $3.45 billion during the financial year 2008-09, and said it was on account of a steep fall in share prices of Ranbaxy, which it acquired last year.

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Amid telecom tariff war, PMO looks for best option
Cheaper mobile tariffs across the country has even attracted the Prime Minister’s Office (PMO) to explore the various plans offered by the service providers and to have the best option, specific to its requirement.
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MPs goodwill visit to Egypt, Greece put off as austerity step

The first foreign visit by a delegation of the 15th Lok Sabha has become a victim of austerity measure. - Following UP concept in other states is a shallow idea: Rahul - Making the grade - Govt may finalise rules of IT (Amendment) Act in a month - Khanduri takes complaint to RSS chief - Advani was at centre of cash-for-vote drama: Jaswant - BJP summons Raje to Delhi on Monday Parliamentary Affairs Minister Pawan Kumar Bansal has cancelled a goodwill visit by MPs to Egypt and Greece from September 28. Bansal was to lead the delegation during the 10-day tour. The decision was taken in view of the austerity measures initiated by the government in view of the drought, officials said. Congress President Sonia Gandhi had only a couple of days back conveyed to External Affairs Minister S M Krishna and his deputy Shashi Tharoor to shift out of their temporary accommodations in five-star hotels. The Finance Ministry had only recently appealed to all ministries to observe austerity measures and the Prime Minister"s Office had asked ministers to undertake foreign tours if absolutely necessary. A meeting of the Congress Working Committee last month had asked party Ministers, MPs, MLAs and office bearers to donate 20 per cent of their salary for drought relief.


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