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Sprint Nextel to buy Virgin Mobile USA
Telecommunications company Sprint Nextel Corp said it agreed to acquire Virgin Mobile USA Inc in a stock deal valued at $5.50 per share in a bid to expand its prepaid cell phone offerings. generic levitra

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V V: Keynes - The Master returns
Unlike the Chicago economists under Milton Friedman who argued that the unrestricted operation of private enterprise—seen as the most efficient form of economic organisation—was essential for economic development and that prices should be determined purely by market forces and inflation controlled by means of controlling money supply, Keynes, the most influential macroeconomist of the 20th century, had argued in his classic work, The General Theory of Employment, Interest and Money, that there is uncertainty in the world—uncertainty that cannot be reduced to statistical probabilities and has come to be described as “unknown unknowns.” This irreducible uncertainty, he said, lay behind panics and bouts and the instability of market economics that we see around us today. Robert Skidelsky, in his three-volume study of Keynes (1994), reminded us that the master had warned us against relying on econometric models of his own theories:

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Jai Balaji raises Rs 198.5cr via QIP
Kolkata-based Jai Balaji Industries has raised Rs 198.50 crore through a qualified institutional placement (QIP) issue.
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Forex reserves up by $1.023 bn to $285.414 bn

India"s foreign exchange reserves increased by $1.023 billion to $285.414 billion for the week ended November 6. - RBI issues draft norms for forex contracts - Blinded by lustre? - Forex reserves down $1.13 bn - Tourist dollars rise 3% depite fall in traffic - MCA"s new motto: Friend first, regulator later - Forex reserves up $684 mn to $285 bn Foreign exchange reserves stood at $284.391 billion in the previous week. Foreign currency assets, during the period, declined by $4.811 billion to $261.957 billion as compared to $266.768 billion in the previous week, RBI said in its weekly report today. Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling, Yen held in reserves, the RBI said. In the period under review, the country"s gold reserves increased by $6.7 billion to $17.5 billion as compared to $10.8 billion in the previous week. The special drawing rights (SDRs) went up to $5.258 billion in the week as compared to $5.242 billion in the previous week, the Central bank said. The country"s reserve position in the international monetary fund dipped by $882 million to $699 million as against $1.581 billion in the last week, the RBI said.


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