The Economic Times Daily Newsletter

	Dated:February 22,2011

Top Headlines RIL-BP $7.2 bn deal: ONGC's loss is Reliance's gain Much before the highly acclaimed $7.2 bn Reliance-BP deal, it was ONGC that had proposed a strategic alliance with BP but was rejected by oil ministry. UN to reinstate 19 Indian vendors including Satyam Computer from blacklist UN is ready to reinstate the 19 Indian firms suspended from bidding for its multi-billion dollar contracts since 2008, including Satyam and Tata group. Budget 2011: Common man's expectations from the FM FM has to balance many things. On one side he has to match the expectations of the common man and on the other hand, he is required to see how revenues can be generated. Most Read Story World Cup 2011: Disaster for humanity if Australia wins The Tunisians have done it. The Egyptians have done it. It's time for the cricket community to unite and overthrow its own obstinate dictator. Most E-mailed Story Prefer FMPs to FD if you can bear a relatively higher risk FMPs are a fixed tenure, closed-ended mutual fund (MF) scheme with characteristics similar to that of a bank fixed deposit (FD). Most Commented Story Salaried Class The most awaited declaration in a budget for the salaried class is 'Taxation'. Will the FM increase the tax slabs, can Saral-II make tax filing simple & easy, will government extend the deduction amount by introducing new Tax Saving schemes? Let the FM know. Latest Updates Aviation stocks down upto 9.11% on crude prices 'Infrastructure key to India becoming global player' Google planning 'radical' new Chrome browser CSR to acquire Zoran Corp for $679 million in stock		Market Round-up SENSEX 18296.16 -142.15 NIFTY 5469.20 -49.40 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Shah Alloys Ltd. 14.95 + 20.08 Reliance Industrial Infra 705.60 + 18.01 Jai Corp Ltd. 176.60 + 17.97 Pudumjee Industries Ltd. 19.45 + 14.41 SAL Steel Ltd. 8.30 + 12.16 NSE Losers Scrip Price(Rs.) %Change JHS Svendgaard Laboratori 76.35 -11.99 Jet Airways (India) Ltd. 435.90 -7.85 Pearl Polymers Ltd. 15.25 -7.29 Paramount Communications 4.50 -7.22 Madhucon Projects Ltd. 96.45 -7.13