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Top 10 firms lose Rs 40,000 cr last week
The top 10 companies saw their market capitalisation dipping by over Rs 40,000 crore last week with NMDC losing the most. http://smallpersonalloans.org.uk

Iran says it's importing petrol from RIL
Iran is importing petrol from Indian companies, including Reliance Industries (RIL), National Iranian Oil Company (NIOC) Managing Director Seifollah Jashnsaz said today.

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'Unrealistic valuations hampering PE deals'
Many entrepreneurs wanting to sell a stake have unrealistic valuations of their companies. This is a major block for private equity (PE) players to close a deal. Also, many do not have a second plan if talks fall apart, according to speakers at the Private Equity Conference at the Indian School of Business.
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PM rejects UN deadline for submitting emission targets

Prime Minister Manmohan Singh has rejected the UN deadline of January 31 for submission of emission targets and climate actions under the Copenhagen Accord. - World climate event set for March 27 - UN climate panel to review claim on natural disasters: report - "It"s a mistake, but glacier melting is real" - Hard times for climate scientists - Beyond global warming - Funds for climate change missions in Union Budget: Saran The Prime Minister is particularly unhappy over the repeated persistence from Danish Prime Minister Lars Lokke Rasmussen and United Secretary General Ban-Ki-Moon to accede to the January 31 deadline for target submission, sources in the PMO said. Singh has also apparently questioned the legal status of the various provisions included in the Accord which is silent on the Kyoto Protocol based on equity burden sharing among the member nations. "Before going ahead with targets submission, the Prime Minister wants to be clarified on certain issues which are silent in the Ban"s letter," the sources added. In the absence of the consensus at the Denmark capital last December, the UN members just took note of the Copenhagen Accord and agreed to submit their voluntarily emission cuts as well as climate action plans. As per the Accord, Appendix 1 is intended for "economy-wide emissions targets" for 2020 for Annex-I (rich countries) while Appendix 2 is for "mitigation actions" by non-Annex I (developing) countries. These commitments can become operational immediately. However, what has irked the Prime Minister is a separate joint letter sent by Rasmussen and Ban to all heads of state and governments, urging them to submit their commitments by January 31. Singh has also expressed inability to detail the country"s action plan and targets in such a short period, the sources said. Only four countries -- Australia, Canada, Papua New Guinea and the Maldives -- have signed the Copenhagen Accord so far, while Cuba has rejected it.


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