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Pandit 'near death' cash hoard signals lower US bank profits
Citigroup Inc and JPMorgan Chase & Co are hoarding cash as if another crisis were on the way. Citigroup has almost doubled its cash to $244.2 billion in the year since Lehman Brothers Holdings Inc. filed for bankruptcy, the biggest such stockpile of any US bank.

Govt not aware of any move to impeach Dinakaran: Moily
Amid the campaign by some legal activists for impeachment of Karnataka Chief Justice P D Dinakaran, the government today said it was not aware of any such move.

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Markets slip on profit-taking in IT stocks
The NSE Nifty today opened flat at 4,501, and touched a high of 4,524 before slipping into the negative zone. Post-noon trades, the index slipped deeper into red to a low of 4,436 - down 88 points from the day"s high owing to profit-taking in IT stocks.
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PM concerned over challenge posed by extremists

Voicing concern over the challenge posed by proponents of extremist ideologies through intimidation and terror, Prime Minister Manmohan Singh today said steps need to be taken to tackle this "grave menace". - A K Bhattacharya: Which way will he turn?">A K Bhattacharya: Which way will he turn? - Nalco regulates power supply to smelter on dwindling coal stock - Himachal records coldest and driest December in 15 years - PMO calls meeting on BSNL on January 6 - Fix reasonable targets: Plan Comm to road ministry - India can compete with the best in the world: PM "The growth of extremist ideologies is threatening civilised existence. The proponents of such ideologies are challenging the tenets of democracy and representational politics by resorting to intimidation, terror and other manifestations of intolerance," he said. Singh was inaugurating a Conference of Speakers and Presiding Officers of the Commonwealth (CSPOC) being attended by 50 Speakers and Presiding Officers of 42 Parliaments in Commonwealth countries, including Pakistan. Lok Sabha Speaker Meira Kumar is Chairperson of the Conference. The Prime Minister said, "We should not and cannot give any quarter to such forces. At the same time, we should look at ways and means by which such forces can be eliminated without undermining our democratic foundations." He said this will require sustained international effort and cooperation and expressed the hope that the deliberations at the conference would give "new insights on how we can tackle this grave menace". Singh also spoke about the growing number of regional and sub-regional parties in the country and a concomitant rise in coalition politics. This, he said, was the manifestation of deepening of democratic representation with more and more sections of the electorate gaining a political voice.


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