Wrap up: Telecom M&As too expensive, dual currency may solve eurozone crisis

Confused and intimidated by the amount of news hurtling at you everyday? Well, to make your life easier, here’s a quick round-up of the major local and international business and economic news events that happened today.

Govt may impose tax on diesel cars

For as much politically abhorred move it may be, petrol prices today went up by Rs 1.82 as oil companies are feeling heightened pressure of rupee deppreciation. However upset Mamata Banerjee might be with this move, it might not just end here. There are already talks that the government could impose a hefty tax on diesel cars as well. Click here for more.

Raju’s bail is a slap in the face of CBI and the government

B Ramalinga Raju, in jail for 3 years now for the famous (or infamous) Satyam scam got bail today from the Supreme Court. However, Firstpost thinks getting or being denied bail is not the point today. The main concern is here is a man who confessed his crime on his own, without any external pressure is still not convicted of the crime. Does that tell you something about CBI? Read more.

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Telecom merger process simplified but too expensive

Trai has sent its response to the recommendations of department of telecom made early this year. Though the response harps on the need of facilitating mergers and exit in an industry that is facing immense competitive pressure, the points it makes are hardly encouraging. Find out why we think these recommendations, if accepted, will not encourage M&As.

National Telecom Policy to be in by January 2011

Here is more on the telecom front. Telecom minister Kapil Sibal announced that the National Telecom Policy should be in by January next year. It was first supposed to be sealed by December this year. But the industry wants a little more time to respond and Sibal has obliged. Here are the details.

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Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

As Trump weaponises tariff, Fed sees a bigger worry: Not jobs, but rising prices in America

Maruti’s union movement is now headless

Maruti’s problems though are far from over have taken a new dimension. it is now being alleged that major union leaders who were negotiating with the management have resigned silently after being compensated around Rs 16-40 lakh each.Needless to say the movement against the management would now be headless for sometime. Here's more on that.

Top stocks to invest in

If you are worried about information overload for picking up stocks to invest in, do not worry. F_irstpost_ brings you few key recommendations made by key brokerages. It seems Dunkin donuts will be a good desert to eat after Dominos pizza. Read about it here .

Why Manmohan Singh is wrong on global Tobin Tax

Coming to world economy, G20 summit is seeing some heated debate on global financial transaction tax on bond and share trades to raise $48 billion to fight poverty. The US senate has already introduced a bill to levy a 0.03 percent transaction tax on stock, bond and derivative trades from 2013. But Manmohan Singh is against the idea as he says that will raise cost of capital further. Here is our take on it.

Rapid economic growth only way out, say BRICS

BRICS Leaders of emerging giants Brazil, Russia, India, China and South Africa (BRICS) on Thursday expressed serious concern over fresh instability and volatility in markets and said rapid economic growth in a sustained and balanced manner was the only solution to recover from it. Find out why they think so.

Multiple currencies an answer to eurozone crisis?

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Harold James, professor of History and International Affairs at Princeton University and Professor of History at the European University Institute, Florence, says dependence on one currency could be the reason of euro’s plight. He says take a leaf out of the past and multiple currencies could be the answer to the world’s economic crisis. Here is what he has to say.

MFN status: Gujarat happy, Dubai frowning

India gave Pakistan MFN (most favoured nation) status way back, in 1996, without getting into the silliness of reciprocity. And that is what could keep India in a better spot when it has gained the same status from Pakistan. Gujarat would be smiling the broadest. Dubai could however not be so happy. Read on to find out why.