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CORPORATE
OUTLOOK: ONGC coal bed methane project faces further delay Reserve accretion in Jharkhand blocks has doubled. Kolkata, Jan. 4 ONGC?s $200-million CBM development project at Jharkhand and Bengal seems to have faced fresh stumbling blocks, according to ...
Sun, 04 Jan 2009 18:13:40 GMT - (The Hindu)

Top Scoops
Revelations about the inner workings of the Bush Administration are coming fast and furious as the Bush-Cheney Administration comes to an ignominious end. The truism, ?nature abhors a vacuum,? goes a long way toward explaining Cheney?s power. But who and what will step into the vacuum now?
Mon, 05 Jan 2009 21:31:14 GMT - (Scoop.co.nz)

Drugstore operator seeks a cure
Drugstore operator Rite Aid Corp. saw its loss nearly triple in its fiscal third quarter because of costs to close stores and continuing struggles for its Brooks Eckerd pharmacies.
Sun, 04 Jan 2009 09:45:44 GMT - (Louisville Courier-Journal)

ONGC coal bed methane project faces further delay
Electrosteel Castings has secured the permission to carry out captive mining in a part of block resulting in the withdrawal of CBM activity from a part of the block.
Sun, 04 Jan 2009 18:19:43 GMT - (The Hindu)

INDUSTRY & ECONOMY
PETROLEUM: Non-domestic LPG cylinders likely to cost more New Delhi, Jan. 4 After witnessing a significant drop in rates, consumers of non-domestic liquefied petroleum gas (LPG) may have to pay a marginally higher price for the product ...
Sun, 04 Jan 2009 18:14:41 GMT - (The Hindu)

Nazi Economics
Nearly every day brings new reports of the collapse of a large financial institution or the impending bankruptcy of a major company. Plans for bailouts and government intervention are in the air. Even those who profess devotion to free enterprise have wavered.
Fri, 02 Jan 2009 16:00:12 GMT - (Ludwig von Mises Institute)

Will Obama ?deimperialize' the presidency?
He has criticized Bush?s attempts to trump Congress, especially on war issues.
Wed, 31 Dec 2008 20:35:12 GMT - (The Christian Science Monitor)

CAIRN INDIA Reco price:
Cairn India?s new discovery of oil and gas in its Rajasthan block (RJ-ON-90/1) is a positive trigger for the stock. Although, the management has not disclosed details of the reserves, this discovery increases the likelihood of upward revision to Cairn?s reserve estimates.
Thu, 01 Jan 2009 06:10:28 GMT - (Business Standard India)

Oil imports
While oil imports recorded a significant growth of 59.2 per cent (17.1 per cent), non-oil imports showed a relatively modest growth of 29.4 per cent (33.2 per cent).
Wed, 31 Dec 2008 18:47:52 GMT - (The Hindu)

?No major redemptions in mutual funds?
Kochi, Dec. 31 While accretions to the mutual fund portfolio continue to be muted, redemptions have been few and far in between in the recent past, sources in the stock market said.
Wed, 31 Dec 2008 18:49:33 GMT - (The Hindu)

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