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BofA, UBS, JPMorgan sued
Bank of America Corp, UBS AG, JPMorgan Chase & Co and other banks were sued by a California public utility over claims they rigged sales of municipal derivatives and shared illegal profits through kickbacks.

Jaihind Projects to complete all contracts by May 2010
Ahmedabad-based oil and gas pipeline infrastructure company Jaihind Projects Ltd. has announced that it will fulfill all its seven commitments by end of May 2010. The company recently got various contracts worth Rs 375 crore.

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Karl-Ulrich Kohler named COO of Corus
Tatas-owned European steel major Corus has appointed Karl-Ulrich Kohler as the new Chief Operating Officer with effect from February 1, 2010.
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Bharti Airtel looks at SAARC region for buyouts

Bharti Airtel today said it is looking at acquisitions in the South Asian Association for Regional Cooperation (SAARC) region, especially in Bangladesh. - Mobile tariffs likely to fall further: Mittal - TTSL, RCom, others owe Rs 603 cr; Airtel pays highest revenue - Markets end flat - 6 of top 10 cos add Rs 24k cr in m-cap; Airtel biggest gainer - 17,370 critical for upside - Vodafone looks to list Indian arm "We have always said that we are interested in the SAARC region... We have been interested in Bangladesh and the SAARC region," Bharti Enterprises Deputy Group CEO and MD Akhil Gupta told reporters here. The eight-member SAARC region includes Bangladesh, Bhutan, Maldives, Nepal, Pakistan, India, Sri Lanka and Afghanistan. Gupta also hoped that the 3G auction would take place on time. The much-awaited 3G spectrum auction is scheduled to begin on January 14. Shares of Bharti Airtel were trading at Rs 322, up 1.64 per cent on the BSE.


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