England vs India, 2nd ODI, New Delhi
England win toss, elect to bat in 2nd ODI. England at 229/9 in 46 overs.
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HJC candidate Kuldeep Bishnoi wins Hisar by-polls
Kuldeep Bishnoi, Harayana Janhit Congress-BJP combine nominee Kuldeep Bishnoi wins Hisar bye-election by with 23, 617 votes. He defeated his nearest rival Ajay Chautala of Indian National Lok Dal by 6323 votes. (PTI)
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Akzo Nobel India to consider merging group cos with self on 21 Oct
Paints maker Akzo Nobel India said on Monday its board on 21 October would consider a proposal to merge or amalgamate its groups companies in India with self. The group companies are Akzo Nobel Coatings India Pvt Ltd, Akzo Nobel Car Refinishes India Pvt Ltd and Akzo Nobel Chemicals (India) Ltd, it said in a statement. (Reuters)
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Suspended IPS officer Sanjiv Bhatt gets bail
Suspended IPS officer Sanjiv Bhatt, arrested for allegedly fabricating evidence to implicate Narendra Modi in the Gujarat riots, was granted bail by a local court at Ahmedabad on Monday, 17 days after he was sent to jail.
Session Judge V K Vyas granted bail on the condition that Bhatt would cooperate with the investigation and would remain present when called for.
Bhatt was in jail after being arrested on 30 September in connection with an FIR filed against him by a police constable K D Pant for allegedly threatening him and making him sign a false affidavit with regards to the IPS officer’s presence in the February 27, 2002 meeting called by the chief minister after the Godhra train burning incident. Bhatt had moved bail application on 3 October, which was opposed by the state government. (PTI)
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No easy fix for Telenor’s India joint-venture spat
Uninor, a joint venture between Telenor and Unitech, needs cash. Telenor wants to raise $1.8 billion of equity but its partner has resisted, instead taking the case to court. Whether Unitech wins or not, it’s hard to see how Uninor can avoid having to bring down its heavy debts. (Reuters BreakingViews)
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Monitoring Maruti strike, action only when referred: Kharge
Labour minister Mallikarjun Kharge on Monday said the Centre is monitoring the 11-day-long strike at the country’s largest car-maker Maruti Suzuki India’s Manesar plant, but ruled out direct intervention as long as the Haryana government is handling the issue. (PTI)
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IMF has enough funds for now: Lagarde
The International Monetary Fund has enough capital at the moment, managing director Christine Lagarde said on Monday.
“Today, the IMF has appropriate means,” Lagarde said on Europe 1 radio.
An emerging market G20 source said on Friday that the IMF may need a capital injection of about $350 billion to give it more firepower to fight economic crises. (Reuters)
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US troops massed on Pak border near Waziristan: Reports
The US has moved hundreds of new troops to the Afghan area bordering Pakistan’s insurgent-infested North Waziristan tribal region along with heavy artillery, helicopter gunships and sealed movement on the border, local media reports at Islamabad said.
US forces deployed to new positions in the border areas facing Ghulam Khan in Pakistan between Saturday and Sunday night.
The troops occupied nearby vantage heights on hilltops, setting up observation posts, The News International said quoting Pakistani security officials and tribal elders.
Geo television reported that tribesmen living in the border areas said Afghan and US authorities had clamped a curfew in parts of Afghanistan’s eastern Khost province and started house-to-house search.
The villagers in Ghulam Khan said Nato warplanes were also seen flying over the border region several times during the day. (PTI)
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Asian countries must spur domestic demand to become high income economies: ADB
Asian countries will not become high-income economies unless domestic demand is made a main driver of growth, the president of the Asian Development Bank said on Monday.
“The biggest challenge is moving from resource-driven growth dependent on cheap labour and resources, to growth based on high productivity and innovation,” Haruhiko Kuroda said at a conference in New Delhi.
Last month, World Bank President Robert Zoellick warned China could fall into the “middle-income trap,” where national productivity and income growth stall after per capita income hits $3,000 to $6,000. (Reuters)
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Greek Parliament to vote on a package of austerity measures demanded by international lenders this week
Prime Minister George Papandreou, trailing badly in opinion polls, has pledged to push through a deeply unpopular package that includes tax rises, pay and pension cuts, job layoffs and changes to collective pay deals.
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US President Barack Obama embarks on a campaign-style bus tour on Monday to rally support for his stalled jobs package
The Democratic president wants to step up the pressure on Republicans as he tries to push through his jobs package piece by piece, starting this week after his full plan was defeated in Congress last week.
Hitting the road for the next three days, Obama heads to North Carolina and Virginia, both vital to his 2012 re-election chances, with an increasingly populist approach aimed at winning passage of at least parts of his $447 billion jobs plan.