3i Infotech erases gains, ends down 2%

The stock erased all its gains and slipped into the negative terrain to touch a low of Rs 90. The scrip finally ended at Rs 91, down 2% from its previous close. The counter clocked volumes of 3.71 million shares as compared to the two-week daily average traded volumes of 1.11 million shares on the BSE. ______________________________________

Wrong call

It’s never easy to be in public domain. Members of Parliament (MP) cutting across party lines have realised that. Madhusudan Mistry, a Congress MP from Gujarat, gave his mobile number to the voters of his constituency. “Even in the middle of the night, people, evidently drunk, used to call me to solve their petty personal problems,” Mistry recalls.

AI board meets tomorrow; may scrap PLI to mgmt

A crucial meeting of the Air India (AI) board tomorrow is likely to take decisions on several cost-cutting measures such as a proposal to scrap the productivity-linked incentives (PLI) to its management cadre, and adopt the financial accounts for 2008-09.

WB funds for JNNURM to come with reforms clause

A fresh $1-billion (nearly 4,600-crore) loan from the World Bank under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), to be routed through the Union government, would be linked to cities adopting certain efficiency parameters.

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