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6 of top 10 cos add Rs 24k cr in m-cap; Airtel biggest gainer
Six out of the top 10 companies added over Rs 24,000 crore to their market capitalisation last week with telecom giant Bharti Airtel alone contributing one-third of the gain.

US market ends firm; MTNL ADR up 3%
US markets advanced on Monday, sending indexes to fresh 13-month closing highs, after Federal Reserve Chairman Ben Bernanke reinforced expectations that interest rates would stay low to help growth.

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DLF's net profit dips 30%
DLF, the country’s largest real estate developer, posted a 30 per cent dip in its consolidated net profit for the quarter ended December 31, 2009, on account of losses arising from non-core businesses of the company as well as continuing stress in the business environment.
International Business

Karnataka seeks to expand railway network

V Madhu, principal secretary, infrastructure development department, government of Karnataka said that the government was keen to partner with the railway ministry to expand the network in the state. Incidentally, the rail coverage in Karnataka lags neighbouring Tamil Nadu by a factor of two with the former having only 16 kms of railway lines per 1000 square kilometres compared to Tamil Nadu’s 30 kms. - Tatas, L&T in race for high-speed rail - Karnataka govt plans 300-km 'steel corridor' Madhu said the government has prepared short term, medium and long term action plan to take up various infrastructure development projects. Some of the major projects include development of 12 air strips, high-speed rail link between Bangalore international airport and the city centre, 10,000 kms of road network through Karnataka Road Development Corporation Limited (KRDCL), Devanahalli Business Park at an area spread over 300 acres, 46-kms of mono rail network in two phases, international convention centre at Devanahalli near BIA among others. Out of the 692.5 kms of mass rapid transport system proposed in the state, he said 137 kms of metro rail, 52 kms of mono rail and 33 kms of high-speed rail network, bus rapid transport system for 291 kms and commuter rail systems for 65 kms are included. Bangalore Development Authority has prepared the action plan for development of a 60-km outer peripheral ring road around the Bangalore city; he said adding that tenders will be floated shortly.


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