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Where you sit
Most people in public life know that where you stand depends on where you sit. When Additional Solicitor General Mohan Parasaran began arguing the government’s case in the fight between Mukesh Ambani’s Reliance Industries Limited (RIL) and Anil Ambani’s Reliance Natural Resources Limited (RNRL), he happened to sit on the same side as RNRL’s lawyers. Ram Jethmalani, who is one of RNRL’s lawyers, objected and said, “You should move to the other side (near the RIL lawyers) since this makes it appear that you (the government) are in collusion with me (RNRL).” http://smallpersonalloans.org.uk

Markets languish in red
The Indian markets continue to languish in the red and the Sensex is now at 17, 592, down 50 points. The NSE Nifty is at 5,258, down 16 points.

News of the day

Gold demand to slip by 15 per cent worldwide in 2009: GFMS
Jewellery fabrication business worldwide is likely to fall in 2009 on high gold prices with offtake forecast to slip by 15 per cent compared to the year-ago period, a latest report says.
Business Ideas

Tata Motors gets Rs 78 cr loan from UK govt for electric car

Auto major Tata Motors today said its wholly-owned European subsidiary, Tata Motors European Technical Centre, has got a loan of 10 million pounds (Rs 78 crore) from the UK government for its Rs 195 crore electric car project. - Auto, IT stocks rally past Jan 08 peaks ahead of Sensex - Tata Motors to launch Freelander SUV on Sep 22">Tata Motors to launch Freelander SUV on Sep 22 - Mahindra & Mahindra director sells 8k shares - Tata Motors sells half its holding in Tata Steel to Tata Sons - Tata Motors raises Rs 236 cr via share sale in Tata Steel - Tata Sons revokes 4.1 mn pledged shares of Tata Motors The loan is under the UK government"s Automotive Assistance Programme (AAP), to develop and manufacture the Tata Indica Vista Electric Vehicle in the UK with an investment of 25 million pounds (about Rs 195 crore), the company said in a statement. "The Tata Indica Vista EV will be the first four-seater electric car with a range of up to 200 km to become available this year in Europe," it added. UK-based Tata Motors European Technical Centre (TMETC) is engaged in design engineering and development of automobiles. The loan comes almost a month after Tata Motors abandoned seeking help from the UK Government for bailing out Jaguar Land Rover (JLR). JLR secured long term loan of 340 million pounds (about Rs 2,650 crore) from the European Investment Bank (EIB).


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