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Sunil Jain: Lowest bidder wins!
Sunil Jain / New Delhi January 18, 2010, 2:42 IST

Mamata's rail chugs along with hiccups
It was not a smooth ride in 2009 for the Railways which was hit by accidents, derailments and hijacking of the prestigious Rajdhani train.

News of the day

Markets reverse losing streak amid high volatility
The Indian bourses opened marginally higher at 16,317.16 - up 28 points. points - mirroring positive cues from the global markets. The US markets ended on a positive note after the US Federal Reserve said that the conditions in the world"s largest economy are showing signs of improvement. The Dow Jones Industrial Average added 0.4 per cent and the Nasdaq Composite Index was up 0.8 per cent, respectively. The Asian stocks too started on a strong note however pared some gains towards end of the day. The Hang Seng was up 1.61 percent and the Nikkei added 1.5 per cent, respectively.
Corporate

Sequoia Capital invests Rs 40 cr in Just Dial

Sequoia Capital India today announced that it has invested Rs 40 crore in Just Dial, a local search engine. - Google bets on India growth; to hire for brand advt business - Google feels meltdown heat, to cut 200 jobs - Google removes street images after privacy complaints - Google Internet Bus to tour AP - Google adds Moon to online Earth map service - "West Asia, Latin America are our focus areas" Just Dial provides local phone and web search. Sequoia Capital’s global experience and local expertise will add value and help fuel Just Dial’s aggressive growth plans. Sandeep Singhal, Managing Director, Sequoia Capital India, will join the board of Just Dial. Sequoia"s portfolio includes global leaders like Cisco, Google, Oracle, Electronic Arts and Yahoo! and market leaders in India including Café Coffee Day, SKS Microfinance, Naukri.com and Shaadi.com.


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