Corporate News Headline
•    Jindal Steel and Power bagged USD 8 bn project to convert coal into liquid petroleum and would produce 80,000 barrels of crude oil a day. (BS)
•    Suzlon Energy has won a 100 MW world Bank-backed project in China. (BS)
•    IVRCL Infrastructures and Projects bagged seven projects worth Rs. 6.7 bn from different agencies for construction related works. (BS)
Economic and Political Headline
•    Liberalisation of the ECB norms has failed to have an impact on inflow of capital from the overseas markets as the funds raised by India Inc from abroad dropped to USD 1.3 bn in January 2009. (ET)
•    The Federal Reserve Chairman Ben S. Bernanke said policy makers may need to expand aid to the banking system beyond USD 700 bn already approved and take other aggressive measures even at the cost of soaring fiscal deficits. (Bloomberg)
•    Chancellor of the Exchequer Alistair Darling suggested the Bank of England could start printing money to help revive the economy as interest rates lose their potency. (Bloomberg)