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	Bank has Reasons to Worry over NPAs
	Troubled times continued for the country’s second-largest lender — Punjab National Bank (PNB) — as its third quarter performance showed deterioration in asset quality and a decline in margins. While its loan book grew faster than the banking industry at large, a high exposure to power and infrastructure sectors will continue to keep asset risks high in the coming quarters. The bank reported a 23% increase in deposits and a 19% increase in advances during the October-December
	Apex Court Verdict Blunts Congress’ UP Weapon
	The Supreme Court’s decision to cancel 122 spectrum licences granted by the Manmohan Singh government over graft charges is yet another blow to the credibility of the ruling dispensation, which has over the past three years hurtled from one corruption scandal to another. It is also seen as a huge setback to coalition leader Congress in poll-bound Uttar Pradesh, where it has been accusing BSP of loot of public resources and mismanagement of state funds.
	Currencies Daily Report
	Asian markets are trading on a mixed note today, as investors are caution ahead of US employment data which will measure the strength of the recovery in the world’s largest economy. Additionally, concerns with respect to Greek debt crisis also led to rise in risk aversion in the global markets.
	Bajaj Plans Bigger Pulsar & KTM to Take on Rivals
	Bajaj Auto, the county’s secondlargest two-wheeler maker, will launch bigger and more powerful Pulsar and KTM motorcycle models in the 200cc to 700 cc range over the next few years to take on rivals Honda, Yamaha and Suzuki and build on its leadership position in the premium motorcycle space. Bajaj aims to position the Pulsar in the value-for-money sports bike segment and Austrian partner KTM’s motorcycles at the premium end of the market.
	Govt to Use SC Views to Defend PM, PC
	The government leadership, which discussed the fallout of the Supreme Court order in the spectrum allocation case late on Thursday evening, has decided to use the court’s own observations to insulate Prime Minister Manmohan Singh and finance minister P Chidambaram from Opposition attack.
	Industry Runs Out of Ideas, Market Leaders to Benefit
	The Supreme Court’s unprecedented order cancelling 122 licences given to telecom companies in 2008 is a hammer blow for Idea Cellular, Norway’s Telenor and for foreign investment in the country’s beleaguered telecom sector, experts say. The two companies — Idea and Uninor — are likely to be the worst hit with Idea set to lose nine licences with around six million subscribers and Uninor likely to fare even worse as all its licences have been cancelled.