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M&M net vaults 849% to Rs 413 cr
Tractor and utility vehicle (UV) manufacturer, Mahindra & Mahindra (M&M), today posted a net profit of Rs 413 crore for the quarter ended December 31, 2009. This was an increase of 849 per cent, aided by the low profit base of Rs 43 crore in the same quarter of the previous financial year.

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Govt extends RFQ date for metro, again
The ongoing agitation for a separate Telangana and a unified Andhra has impacted the Rs 12,132 crore Hyderabad Metro Rail project with the government further extending the request for qualification (RFQ) date till January 16.

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Persistent sets up CoE for Android platform applications
Persistent Systems, providing software product development services, set up a Centre of Excellence (CoE) around the Android open mobile platform.
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SC restores powers to Prasar Bharati CEO

In a relief to Prasar Bharati CEO B S Lalli, the Supreme Court today restored to him the executive powers taken away by a recent order of the Delhi High Court. - Sibal bats for teaching Hindi in all schools - BSE launches BSE IPO index - "PPPs today are nothing but business deals" - SC pulls up Ranbaxy for delayed raising of refund issue - PFRDA working on corpus mgmt scheme for corporates - SC notice to Centre, CBEC on Hindustan Coca-Cola"s plea The apex court stayed the July 27 order of the High Court that directed that the day-to-day work of the public broadcaster would be handled by a three-man team consisting the CEO, Member (Finance) and Member (Personnel) of the board jointly. A bench headed by Chief Justice K G Balakrishnan partially allowed Lalli"s challenge to the High Court order with regard to his powers and said that he would function as per the Prasar Bharati Act which states that the CEO shall exercise powers delegated by the board. At the same time, the apex court did not interfere with another part of the High Court order directing an enquiry by the Central Vigilance Commission (CVC) into alleged financial irregularities in the Prasar Bharati Corporation. Infact, Lalli also sought such a probe before the Supreme Court. The court then directed that the CVC probe as well as a special audit of Prasar Bharati be completed within six weeks.


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