Gold falls sharply

Gold prices resumed sharply lower by Rs 215 per 10 grams to Rs 12,050 on the bullion market here today due to fresh offerings by stockists on the back of fall in global markets.
In New York, gold prices declined on profit-taking on Monday following the support of US to International Monetary Fund for the sales of the precious metal.


Turning to the local market, standard gold (99.5 purity) fell to Rs 12,050 from the yesterday's closing level of Rs 12,265.

Pure gold (99.9 purity) also slipped to Rs 12,110 from Rs 12,320 yesterday.
PTI

Rail Budget on expected Lines

Lalu Prasad Yadav Rail Budget is on expected Lines here are few highlights

* Railway profit in 2007-08 at Rs 25,000 crore.
* Railway Minister Lalu Yadav announced that Indian Railways will introduce 15,000 ticketing counters in the next 2 years. The Railways plans to offer tickets through mobile phones.

* By 2009 call centre based inquiry services to be unveiled.
* Issuance of wait-listed e-tickets will also allowed
* Operating ratio of the Railways was at 76%.
* Rs 49,250 crore invested into new railway projects.
* Railway plan size increased from Rs 11,000 crore to Rs 30,000 crore in the last four years.
* Productivity of Railway assets has been constantly increasing.
* Railways attained 790 tonne payload target in the year 2007-08.
* E-ticket booking is likely to rise to 300,000 from 100,000 in a year.
* Freight traffic target of 785 million tonnes crossed to touch 790 million tones
* Railway plan size increased from Rs 11,000 crore to Rs 30,000 crore in the last four years.
* 560 railway station platforms to be lengthened to take long trains.
* Middle-level and low-level platforms to be upgraded to high-level platforms in several stations to help commuters.
* More facilities for women and old passengers.
source rediff.com

Sharad Pawar to Support Mallaya

India's Celebrated Business Tycoon Vijay Mallaya is likely to get re-elected to Rajya Sabha.According to sources Mallaya may not enter through Karnataka as the Assembly is likey to be dissolved.Mallya is likely to contest from Maharashtra this time as an Independent Sharad Pawar and Shiv Sena are lending their Support to Mallaya.

Indian speedsters send Srilanka Crashing

India's fast bowlers Praveen Kumar and Ishant Sharma captured four wickets to send Sri Lanka crashing out for 179 in tri-series one-day international in Hobart.


Kumar took 4 for 31 and Ishant 4 for 41 as the Indians polished off the Sri Lankan innings in 47.1 overs.
In reply India Scored the required runs in 32.2 overs.Sachin scored a breezy 63 Gotham Gambir remained unbeaten on 63,thus India registered thier berth in the Finals with Australia.
Praveen Kumar won the man of the match award.
Photo:Uthappa Greeting Kumar on his splendid performance

UPA'S FINAL RAIL BUDGET

Lalu Prasad Yadav who has really turned the dogmatic Railways into a really comfort traveling outfit by his Pragmatic approach. Much to the appreciation of all walks of people Yadav has done fairly well as a Rail Minister then as Chief Minister Of Bihar.
With the D-Day on 26th,Much is expected of Lalu not only in terms of Sops for the 2nd class travellers,and also Lowering travel cost in super fast trains.Concession to students and farmers is also in the agenda of expectation from Laloo.

Reliance Power Bonus Spikes Market

With the Announcement of 3 shares to every 5 shares held and very Positive Global Clue in the late afternoon saw the sensex soared close to 500 points from days todays low to close 302 points up and the nifty up buy 90 points.

Reliance Power which had a lacklustre trading from its listing shone today by gaining Rs 33 closing at its listing price Rs 450.
With Budget in couple of days,lot of speculation on IT FRONT,SOPS FOR SUGAR,CEMENT and scapping of surcharges ....Sensex may see 19000??? keep yopur fingers crossed

Must win for both the teams

India and Srilanka will fight it out and go allout to win their match on 26th Feb to Ensure their place in the Finals in the ongoing CB Series.


India failed chasing a huge score yesterday and Skipper Dhoni rightly pointed out the failure of top order Batman.With the last chance in the offing for Sewag,Sachin,Rohit and Yuvraj,confidence level should be very high for the Indians.
If India play to their true potency there is every chance of even winning the cup.

Australia Pose Huge total

Facile century by skipper Ricky Pointing and a Breezy knock of 59 in 49 Balls by Andrew symonds helped Australia to pile up a commanding acore in the CB ODI TRINATION ASERIES.


AUSTRALIA WERE 308-5 with one over to go.