Archive for July 1st, 2008

Magic Mushroom Study finds long benefit in illegal mushroom drug

Study finds long benefit in illegal mushroom drug
In 2002, at a Johns Hopkins University laboratory, a business consultant named Dede Osborn took a psychedelic drug as part of a research project.
She felt like she was taking off. She saw colors. Then it felt like her heart was ripping open. But she called the experience joyful [...]

DLF Insurance Venture DLF Pramerica Life Insurance

DLF Pramerica Life Insurance Company (DPLI) has received regulatory approval from the Insurance Regulatory Development Authority of India (IRDA) to start life insurance operations in the country.
DPLI is a joint venture between real estate developer, DLF, and US-headquartered financial services major, Prudential Financial, Inc.
With the receipt of this licence, DPLI expects to launch its life [...]

NTPC to get Rs 10,000 crore from PFC

Country’s largest power producer NTPC will get Rs 10,000 crore from Power Finance Corporation for funding its various projects for capacity addition.
A Memorandum of Agreement (MoA) in this respect was signed between the two public sector companies.
Financing facility extended by PFC will be utilised by the company for its capacity addition programme, spread all across [...]

Microsoft X Box at 12,000.Rs

Microsoft to cut price of Xbox 360 to $299: Report
Microsoft Corp plans to cut the price of its best-selling Xbox 360 Pro model by $50, to $299 in the next few weeks, the Hollywood Reporter reported citing anonymous sources.
The price cut for the Xbox 360 model with the 20 gigabyte hard drive will come before [...]

DLF Boggi India foray

DLF talking to Italian co Boggi for India foray
Real estate developer DLF is learnt to be close to tying up with Italian apparel brand Boggi for the latter’s India foray. Boggi, which has a significant retail presence across Europe and the Middle-East, is likely to have a majority stake in the joint venture with DLF.
Boggi, [...]

The real reason why stock markets are crashing

In a way it captures the irony of our times. Isn’t it a bit strange that Saudi Arabia, the perceived beneficiary of the relentless oil price hike, should host a summit expressing ‘concern’ on the rising oil prices?
This high-profile summit was held in Jeddah, Saudi Arabia, last week after crude prices more than doubled over [...]