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Markets extend gains; Nifty up 48pts
Markets have continued to gain. The Sensex is at the day"s high of 15,418, up 183 points. The Nifty is at 4,572 - down only six points from the day"s high. The index is up 48 points from the previous close.

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No power tariff hike from GUVNL this fiscal
In a major respite to its 94 lakh consumers in the state, Gujarat Urja Vikas Nigam Ltd (GUVNL) or the erstwhile Gujarat Electricity Board (GEB), is learnt to have kept its power tariff unchanged for the fiscal 2009-10. It may be mentioned here that private sector power distributor Torrent Power Ltd has already proposed 15 per cent hike in power tariff.

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Essar takes 51% stake in Uganda, Congo telcos
The Ruias’ Essar Group is to acquire a 51 per cent stake in the telecom operations of the Dhabi Group, an investment company led by Abu Dhabi’s royal family, in Uganda and Congo for around $150 million (Rs 692 crore).
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RNRL asks SC to dismiss govt's petition on RIL gas

Anil Ambani group company Reliance Natural Resources Ltd (RNRL) has asked the Supreme Court to dismiss the government’s special leave petition (SLP) on the Ambani gas dispute, saying it had no legal standing to seek any orders and could, at best, only make submissions. - Israel warns of terror attacks - SEC backs ban on flash trading - ArcelorMittal sponsors 78 for ITI training - At your service - Sunil Sethi: Goa"s monsoon sosegade">Sunil Sethi: Goa"s monsoon sosegade - ASCI announces new board “An attempt is being made (by the government) to reintroduce allegations that were withdrawn before the Bombay High Court (where the case was heard and decided earlier, in RNRL’s favour). This is clearly impermissible,” said the RNRL affidavit, which counters the government’s SLP that is to be heard with related matters on October 20. The government’s SLP, filed in July to assert its right on gas from Mukesh Ambani-led RIL’s Krishna-Godavari basin fields, is “therefore misconceived and liable to be dismissed,” RNRL said. The government had earlier this month modified its SLP, seeking to make a distinction between legal disputes involving RNRL and those on NTPC Ltd (which also has a case against RIL).


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