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The Mint Report for 06 September 2010

The Mint Report for 06 September 2010
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First Published: Tue, Sep 07 2010. 12 52 AM IST
Updated: Tue, Sep 07 2010. 12 52 AM IST
India’s auto industry will hit top speeds as Japan’s Suzuki Motors looks to build its first factory near New Delhi, with a production capacity of more than 250,000 vehicles per year and joining its wildly successful Indian arm, Maruti Suzuki.
Billionaire Anil Ambani’s Reliance Communications ended talks with GTL Infrastructure and misses out on forming a telecomm partnership worth billions. Scandal in Scandanavia, as Telenor’s investors beg the company to pull out of India, where it has been sustaining heavy losses; and the markets have a field day, with the Nifty posting a 31-month high on strong global cues.
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First Published: Tue, Sep 07 2010. 12 52 AM IST