Some austerity

The government and various PSUs may be on an austerity drive, but this didn’t stop ONGC from sending a calendar to a director in the oil ministry by registered post — the stamps on the calendar were worth Rs 122. It would have been cheaper for ONGC’s office in the capital to send it with a driver.

Index closes below 17,000

Investors today pulled down the stock market benchmark Sensex below 17,000 points-level, as they sold banking, oil and gas and state-run companies’ shares to make profits.

YouTube may stream movie rentals

Google Inc’s YouTube, the most- visited video website, is in discussions with Hollywood studios to start an online movie rental service, according to two people with knowledge of the talks.

Ashok Chavan's U-turn is like Jackson's moon-walk: Thackeray

Shiv Sena supremo Bal Thackeray today lambasted Maharashtra Chief Minister Ashok Chavan for backtracking on his statement on making knowledge of Marathi mandatory for renewing taxi permits in Mumbai and likened the political turnaround to Michael Jackson"s "moonwalk".

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