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Markets recover partially
The Sensex has recovered partially from the day"s low of 16,210, and is now down 369 points at 16,485. The NSE Nifty is down 111 points at 4,894.

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New system to provide real picture of price situation: govt
Conceding that WPI-based inflation was not reflecting the rising prices adequately, the government today said the new mechanism has been devised to provide a better picture of the price situation.

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ONGC opposes FinMin directive to park surplus funds with PSUs
Oil and Natural Gas Corporation (ONGC) has opposed finance ministry directive of parking its surplus funds with only PSU banks saying it is losing Rs 360 crore of interest revenues annually as state-run banks offer lower interest rates when business is given to them on nomination.
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Partially burnt body of Indian migrant found in Australia

A partially-burnt body found in Australia"s New South Wales province last week is believed to be of a 25-year old Indian national, police said today, in what might be the second fatality in a slew of vicious attacks on Indians. - Indo-Aus officials to meet after latest killing - Aus says will cooperate with Garg"s family - Indian student flow to australia may drop 50% - Oz condemns Indian"s killing; police say attack not racial - Job loss, Aussie attacks kept Overseas ministry on toes - Cox & Kings" Aussie arm acquires 2 firms The body found on a roadside near Griffith last week is yet to be formally identified but police believe it is that of an Indian man, an ABC report said. Australian officers are in touch with the man"s family in India and the Indian Consulate to help with identification. Detectives from State Crime Command will help local officers in a search of the Willbriggie area today where the body was found, as part of the investigation into his death. Nitin Garg, a 21-year old Indian was stabbed to death in Melbourne on Saturday night, becoming the first casualty in a series of attacks on members of the community here. A union organiser at Griffith said he has heard of serious assaults in Willbriggie. Harry Goring from Australian Workers Union said he was aware of unpaid labourers taking matters into their own hands. Police, however, did not say if they were investigating claims that the man owed money to harvest labourers. "Over last 12 months there"s been two assaults around that area, people endeavouring to retrieve money for labour," Goring said, adding: "I"m not saying for a moment that it"s this with this man, but there have been a number of fracas in relation to Indian people pursuing certain individuals".


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