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US markets edged up on Monday. The Dow added 30 points to 10,501. The Nasdaq gained 22 points (1%) at 2,212.

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State Bank of India (SBI) Chairman O P Bhatt today said that excess liquidity available with the bank would be a matter of concern for the next two quarters.

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On the way: cable TV without any wire
In what may become a revolution in entertainment, accessing television via cable, IPTV or interactive DTH services is soon going to be via wireless, on the lines of a wi-fi internet connectivity.
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BJP, not Yeddy, likely to take legal action against Gowda

Karnataka Chief Minister B S Yeddyurappa is not likely to initiate any legal action against former Prime Minister H D Deve Gowda for using unparliamentary language against him but the state unit of BJP has threatened to file a suit against the JD(S) Chief. - Mittal may announce K"taka steel proj tomorrow - CM hits back at Gowda over BMIC - K"taka clears ArcelorMittal, Posco"s investment proposals - Sugar mills get a bitter taste over power tariff - Farmers threaten to agitate against land acquisition - CM to meet PM on water project Sources close to Yeddyurappa said after holding discussions with his close associates, he has decided "to leave it to the people of Karnataka to decide what action should be taken against Deve Gowda". However, Karnataka BJP unit demanded an unconditional apology from Deve Gowda and threatened to drag him to court. "We highly object this kind of conduct by Deve Gowda and demand that he should immediately express unconditional apology to the people of the Karnataka or else he will have to face legal action," BJP leader Dhananjay Kumar said. "The state BJP is contemplating legal action against the conduct of Deve Gowda," he added. The use of abusive language by the former Prime Minister yesterday has annoyed the BJP Central leadership as well. BJP national spokesperson Prakash Javadekar said, "This shows Deve Gowda"s exasperation and desperation. I can only send the message to him to get well soon." "By showering abuse on Yeddyurappa, an elected chief minister and holder of a constitutional post, Gowda has only brought shame to democracy," another spokesperson Ravi Shankar Prasad told PTI. Deve Gowda"s remarks against Yeddyurappa came over the controversial Bangalore-Mysore Infrastructure Project.


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