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Anil Agarwal
Published December 2, 2008, 7:32 am, Business Standard India
London-listed Vedanta Resources has cut its capital expenditure by $5 billion to counter the sharp fall in prices of non-ferrous metals. Chairman tells Nevin John that the company has a $-7-billion credit line and would generate a few more billion dollars through internal accruals for completing the scaled-down capacity addition programme.
Outlook grim as exports, auto sales plummet
Published December 2, 2008, 7:31 am, Business Standard India
The impact of the global slowdown made itself felt with Indian exports dipping for the first time in seven years owing to slackening demand from US and Europe, rupee depreciation and a high base effect.
UPDATE: UK Acquisitions Overseas Fell 23% In 3Q Vs 2Q - ONS
Published December 2, 2008, 7:31 am, Nasdaq
(Adds comment.) LONDON -(Dow Jones)- Expenditure on acquisitions abroad by U.K. companies decreased 23% to GBP4.2 billion in the third quarter from GBP5.5 billion in the second quarter, according to the U.K.'s Office for National Statistics.
Tata Steel to delay projects, barring Orissa & Jamshedpur
Published December 2, 2008, 7:30 am, Business Standard India
India's largest private sector steel maker Tata Steel today said it will re-prioritise its capital expenditure in view of the global economic meltdown and give preference to "high-return projects" while deferring the rest.
Nigerian President Says GDP to Expand 8.9% Next Year (Update1)
Published December 2, 2008, 7:30 am, Bloomberg
Dec. 2 (Bloomberg) -- Nigeria’s economic growth will accelerate to 8.9 percent next year, led by non-oil industries, President Umaru Yar’Adua said.
Asian giant said to want Telecom's ailing AAPT
Published December 2, 2008, 7:26 am, The New Zealand Herald
Pacnet is thought to be offering US$420 million ($794 million) for AAPT as it looks to complete its Asia-wide telecoms network, says a Reuters report citing a source close to the companies.
County doles out funds to fix AG Creek levee erosion, keep trespassers out
Published December 2, 2008, 7:26 am, The Times Press Recorder
Eight swing gates will be strategically placed along portions of the Arroyo Grande Creek north levee in Oceano to keep trespassers — mostly riders on off-highway vehicles — off the land.
Private investment needs activation, because fiscal expansion may create a crisis, says
Published December 2, 2008, 7:23 am, Business Standard India
The global financial meltdown, recessionary trends in the US, Europe and Japan will have a significant impact on the Indian economy.
Euro Car Body Award for the Audi Q5
Published December 2, 2008, 7:22 am, The Auto Channel
INGOLSTADT, Germany – December 2, 2008: Thanks to intelligent lightweight design, good aerodynamics, innovative technologies, and streamlined production, the Audi Q5 has won the renowned Euro Car Body Award.
Pharmaceutical, Healthcare & Life Sciences
Published December 2, 2008, 7:19 am, Mondaq
On November 12, 2008, Senate Finance Committee Chairman Max Baucus (D-Mont.) released a paper, titled "Call to Action, Health Reform 2009," which sets forth his vision for health care reform (the "Baucus plan"). 1 The Baucus plan was unveiled against the backdrop of a variety of health care reform discussions.
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