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Central team ends Bengal visit, avoids volatile areas
Contrary to expectations of the Trinamool Congress, the Central team today avoided going to violence-hit areas in West Bengal as it had demanded, but submitted a "suggestion" to the government. The "suggestion" handed over to the government by the team despatched by Union Home Minister P Chidambaram at the insistence of the Trinamool Congress, a major ally of the UPA, "might be related to better maintenance of law and order in affected areas", officials said.

3Idiots makes smart moves on marketing
Imagine walking into a washroom at one of the multiplexes and being welcomed with a message that terms you “the Fourth Idiot”. Don’t feel offended as you are just watching the promotion of 3Idiots, an Aamir Kan-starrer to be released this Friday.

News of the day

Markets open strong on positive global cues
The bourses have opened firm, tracking gains in the US and Asia. The Sensex is quoting at 17,314, higher by 125 points, and the Nifty is at 5,170, up 35 points.
Small Business

India Inc borrowing dips to $1 billion in August

Overseas borrowings by India Inc fell by nearly half to $1.08 billion in August against $2 billion during the previous month. - India Inc"s staff cost grew slower in Q4 of last fiscal - India Inc eyes Sri Lanka for projects - India Inc eyeing Sri Lanka for projects - India Inc mops up Rs 40,000 cr via debt in Q1 - India Inc settles for smaller M&A deals - India Inc"s hiring slows down 3.6% in August: Naukri.com The total overseas loans raised by over 50 companies through external commercial borrowings (ECB) was down from $2 billion in July to $1 billion in August, according to the ECB data released by the RBI today. Of the total borrowings, $934 million was raised through automatic route and USD 154 million was mopped up through approval route. The ECB data for August showed that most of the companies raised overseas funds for import of capital goods, modernisation, projects, among other things. Out of $1 billion, Tata Teleservices borrowed $300 million through automatic route for import of capital goods, while Petronet LNG mopped up the same amount for modernisation and projects. Besides them, Hindustan Oil Exploration Company raised $125 million during the month. Other firms which borrowed in August include Systema Shyam Teleservices and Mahindra Vehicle Manufacturers.


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