Wednesday May 21, 2008

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Reliance eyes more Intl JVs for retail bis 

New Delhi, May 20:
Mukesh Ambani-led Reliance group is looking to rope in more international partners in its retail business, on top of the joint ventures already announced for various store formats.
 
Sensex down 205pts; Jaiprakash sheds 5%  

Mumbai May 20:
The index opened 69 points lower at 17,366. The index moved in a range of 231 points between 17,136 (low) and 17,367 (high).
 
Reliance gas may cost more  

New Delhi May 20:
Reliance Industries may sell gas from its eastern offshore KG-D6 block at a price higher than $4.20 per million British thermal unit (mBtu) to sectors other than power and fertiliser.
 
Public faith utmost important for banks: SC 

New Delhi, May 20:
The Supreme Court has held that banks, particularly nationalised banks, should not dishonour commitments or else the entire commercial and business transactions would come to a grinding halt.
 
India feels let down by new WTO proposals 

New Delhi, May 20:
The World Trade Organisation on Tuesday released new negotiating texts on agriculture and industrial products, but India feels let down by not getting enough policy space to protect its farmers and nascent industries in the draft proposals for a Doha trade deal.
 
India attracts $25bn FDI in 2007-08  

London, May 20:
Foreign Direct Investment into India has surged to over USD 25 billion in 2007-08 and the country's Foreign Exchange Reserve crossed USD 341 billion as of today, Ashwani Kumar, Minister of State for Commerce and Industry has said.
 
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