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IRB Infrastructure Developers today said it has emerged as the lowest bidder for a Rs 800-crore road project of the National Highway Authority of India (NHAI).

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Gains in global markets and foreign buying helped Sensex move past 17,000 mark after 15 months. In a truncated week, BSE Sensex rose 440 points or 2.6 per cent to 17,135 and Nifty rose 125 points or 2.5 per cent to 5,083. Broader indices performed better than BSE Midcap and BSE Smallcap indices, each delivering 1.2 per cent and 1.8 per cent, respectively. The market was buoyed by IMF"s statement that India’s GDP would grow at 6.4 per cent for CY09 and that the world economy would contract less than expected.

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Kraft Foods Q3 net drops 39%, remains interested in Cadbury
US food major Kraft Foods has reported a 39.5 per cent drop in the third quarter net earnings at $824 million, but said it remains interested in acquiring British confectionery firm Cadbury.
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Lawyers file plea seeking acquittal of 26/11 suspects

Lawyers defending seven suspects, including LeT operations commander Zakiur Rehman Lakhvi, in Mumbai attacks today filed an application in an anti-terror court in Pakistan seeking their acquittal on the ground that there is no probability of their being convicted. - Headley to reply to conspiracy charges in 26/11 attacks - No leakage of 26/11 report: Maha CM - Headley faces life term or death if found guilty over 26/11 - Ajai Chowdhry: Beyond guns, guards and "bandobast"">Ajai Chowdhry: Beyond guns, guards and "bandobast" - Rana"s bail hearing adjourned till Dec 15 - I was called terrorist"s lawyer in 26/11 court: Kazmi Anti-terror court Judge Malik Muhammad Akram Awan, who is conducting the trial within Adiala Jail in Rawalpindi, issued notice to the prosecution to respond to the application by the next hearing on December 19. Khwaja Sultan, the lawyer for Lakhvi, told PTI: "We filed an application under Section 265-K of the Code of Criminal Procedure for acquittal of the accused. The court issued notice to the Special Public Prosecutor to respond to the application." Section 265-K of the Code of Criminal Procedure allows a court to acquit an accused at any stage of the case "if, after hearing the prosecutor and the accused... It considers that there is not probability of the accused being convicted of any offence". Legal experts said the prosecution will now have to respond to the application by convincing the anti-terror court that the seven accused can be convicted. On November 25, the anti-terrorism court formally charged Mumbai attack mastermind Lakhvi and six other suspects - Zarar Shah, Abu al-Qama, Hamad Amin Sadiq, Shahid Jamil Riaz, Jamil Ahmed and Younas Anjum - with planning and helping execute the terror strikes on India"s financial hub last year that killed 166 people.


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