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Citigroup in talks for $15 bn equity offering: report
Global financial services firm Citigroup is in advanced talks with regulators over its plans to raise more than $15 billion through an equity offering, a media report says.

As recession eases, US firms sniff opportunities in India
With the Indian economy showing signs of leaving the recession behind, companies from the US are once again making a beeline to the India shores scouting for opportunities. Companies from varied sectors are looking to test the waters with an investment in mind at a later stage. “Last year, things were rocky and very few trade delegations came to India. However in the last one and half months, things have turned around,”said Sandeep Mehra, committee member, Indo American Chamber of Commerce (IACC), Karnataka branch.

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'I have nothing against Jagan or anyone else'
Ch Prashanth Reddy / September 27, 2009, 0:07 IST
International Business

Gaps remain unplugged in India-EU FTA talks

India and the European Union (EU) have agreed to sign a free trade agreement (FTA) by 2010, though it appears to be a far cry as they still have differences over the inclusion of social issues like labour laws, human rights and environment. - India to raise drug seizure issue with EU this week - Sreelatha Menon: In praise of opium">Sreelatha Menon: In praise of opium - MSME task force may suggest changes in procurement policy - Myanmar, North Korea feature at ASEAN summit - Sreelatha Menon: A national mission to rescue mothers">Sreelatha Menon: A national mission to rescue mothers - Human rights groups call for ending caste system EU wants the issues to be addressed by FTA, while India terms them “extraneous”. “We are collaborating to make sure that everything we are doing to promote trade will also give to our people greater opportunities of job, greater opportunities of business and make sure that everything we do support our ambition on environment. It is not really about one side making the other side to do anything. It is about how we develop our negotiations together,” EU Trade Commissioner Catherine Ashton said here today at the end of the one-day India-EU Business Summit. Ashton also added that through the FTA signing, EU was also seeking to create better working environment for its people and businesses and not to create impediment. However, reiterating that inclusion of social agenda into the trade agreement would not be acceptable to India, Commerce and Industry Minister Anand Sharma said: “Here we are talking of trade, investment and services. No other extraneous issues are part of the negotiations between India and EU we are making it clear.” Both sides also held extensive discussions over the issue of seizure of generic drug consignments from India for poor countries transiting through the European ports. EU said it had “no intention” to halt the movements of Indian drug shipments”. Earlier during the day, addressing a joint press conference with Swedish Prime Minister Fredrik Reinfeldt and European Commission President Jose Manuel Barroso, Prime Minister Manmohan Singh said: “We have expressed the hope that the negotiations can be completed in one year.” He also said the agreement would seek “to increase economic opportunities, creation of jobs and wealth”.


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