Govt speeds up PSUs stake sale

India's cabinet approved a plan to speed up the sale of stakes in state-owned companies as the government aims to make nationalised companies more responsive to markets as well as cutting the fiscal deficit.

The cabinet will allow state-run companies to appoint investment bankers and other intermediaries at the same time as they seek cabinet approval for stake sales, allowing IPOs to proceed more quickly when market conditions allow.

Previously companies had to wait for cabinet approval before moving ahead with preparations, causing delays that have already sparked problems with valuations as market dip.

BRIC economies growth predictions 2010 - 11

China, India, Brazil and Russia are powering ahead, the Organisation for Economic Cooperation and Development said on Wednesday, revising upwards its growth outlook for all four largest emerging economies.

With the expected rebound of agricultural output in India, growth should be strong in the near term while inflationary pressures would also remain high amid strong outlook for demand.

Russia should use windfall oil revenues to eliminate fiscal deficits more quickly but if oil prices and capital inflows continue to increase rapidly the country would face another boom-and-bust cycle.

In Brazil, infrastructure investment will help lift growth again despite tighter monetary policies and the beginning of spending cuts

World's top 10 reputed companies 2010

Following are the top 10 most reputed companies of the world as according to survey by the reputation institute.

RANK	COMPANY NAME
1	GOOGLE Inc
2	SONY CORPORATION
3	WALT DISNEY COMPANY
4	Bavarian Motor Works(BMW)
5	Mercedes-Benz
6	Apple Inc
7	Nokia
8	IKEA
9	Volkswagen
10	Intel