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Our Web Bureau Mumbai
 US to India: Cola fizz may hit investment
America says move can be bad for Indian economy

 Gov may sell 24% in PowerGrid, other cos
IPOs of companies like NHPC, PowerGrid, REC to hit mkts in Q4FY07, to raise Rs 3,800cr

 Barclays to buy 10% in Arcil from ICICI
Barclays stake deal will be first strategic investment in the junk loan segment

 Reforms do a good job on unemployment
1st-ever study of India's labour market and state rankings reveals that states differ on their "labour ecosystems". Proactive states are aggressively differentiating themselves on key labour indicators

Business Line

Pesticide residue: Indian grapes pass UK test

Residues well within EU norms, says UK Govt agency

 Hazira: ONGC may resume output on Aug 18
1st phase production of 5 million standard cubic meter per day of gas to start from Aug 18, says NK Mitra, director (offshore) of ONGC. To start shift duty from today.

 Sahara seeks insurance cover against match cancellation
Threat of rains delaying the Unitech tri-series cricket in Sri Lanka to Aug 29 from Aug 14 push Indian team sponsor to seek cover

Small, mid-cap cos a big draw for pvt equity funds
Take up big chunk of $3.5bn investments in H1CY06

The Financial Express

OVL-Sinopec pay $800mn for 50% in Omimex de Colombia
Second deal Indian & Chinese cos bid together. ONGC & CNPC had earlier won a Syrian oilfield

 Brand Sensex ready for global push
After US-based Commodity Futures Trading Commission (CFTC) nod for launch of futures based on Sensex, BSE keen on initiatives from other countries

 Bank staff clips frills of RBI's move
Bank staffers fear RBI move on "no-frills" accounts will hit their unit's profitability. SBI open 80,000 "no-frills" accounts, ICICI Bank 42,000

 DNA Money

Big Four use market lull to raise stakes
Ambani brothers, Tatas and Birlas were among promoters increasing their shareholdings during market weakness in May & June

Dr Reddy's working on magic heart pill
The new drug can potentially cut heart attacks by 60% and patient expenditures by 70-80%

 Participatory Notes set for an overhaul
Move towards real-time tracking could mean PNs may be executed in India

Burmans close to 15% in Punjab Tractors
Burmans, as recently as July 28, purchased more than 1.5 lakh shares from mkt taking their total holdings beyond the 14% mark

Uneasy world cannot support bull run
Terrorism and West Asian tensions are likely to keep oil on the boil for some time

 

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First Published: Aug 14 2006 | 8:40 AM IST

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