The proposed new Direct Taxes Code (DTC) is widely expected to transform the savings and investment behaviour in India.

The Indian Railway has introduced two more superfast, non-stop Duronto Express trains – this time, between Pune and Hazrat Nizamuddin, and between Chhatrapati Shivaji Terminus in Mumbai and Howrah. Both strains are bi-weekly.

The Far Eastern Economic Review, the 63-year-old English-language news magazine in print since 1946, is closing down in December 2009.

The second Duronto Express – the superfast, non-stop, point-point train – has started service between Chennai Central station and Hazrat Nizamuddin station in Delhi.

The Sealdah-New Delhi ‘Duronto’ express – India’s first point-to-point, non-stop train – has been flagged off from the Sealdah station in Kolkata.

The state-owned National Aluminium Company (NALCO) has started exploratory discussions to set up a nuclear power plant with the backing of the Nuclear Power Corporation of India Limited (NPCIL) in Ganjam district of Orissa.

India and Mongolia have signed a crucial agreement on the use of nuclear power for civilian purposes.

Bloomberg, the financial news agency, is considering a bid for BusinessWeek, the business magazine published by McGraw-Hill.

IDEA Cellular, one of the leading telecom operators in India, has joined hands with Reuters Market Light (RML), a part of the global information company Thomson Reuters, to launch the ‘Krishi Voucher’ scheme  aimed at subscribers in villages.

Bloomberg UTV will be the new name for the channel partnership of Bloomberg Television and UTV Multimedia.