PM sees growth at 9%

Washington, Nov. 20: Prime Minister Manmohan Singh is confident of India soon returning to 9 per cent growth level, helped by resumption in capital flows from developed nations, and hoped that the US economy, too, would rebound, he told The Washington Post ahead of his visit to the US beginning November 22.

Galleon move

Mumbai, Nov. 20: Galleon Group LLC — the US hedge fund whose founder Raj Rajaratnam has been charged with insider trading — has exited domestic brokerage firm Edelweiss Capital by selling the entire 7.02 per cent stake in the company.

Pilot strike

New Delhi, Nov. 20: The Indian Commercial Pilots’ Association (ICPA) has deferred their strike threat from November 24 by six days, even though the conciliation talks among ICPA, the Air India management and central labour commissioner remained inconclusive.

PSU stake sale

Mumbai, Nov. 20: Divestment process in NTPC, SAIL, Satluj Jal Vidyut Nigam and Rural Electrification Corporation is likely to be completed over the next two months, Bhaskar Chatterjee, secretary in the department of public enterprises and heavy industries, said.