Wednesday, July 9, 2008

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US billionaire investor confirms interest in Spicejet
    NEW INTEREST: Wilbur Ross specialises in leveraged buyouts and is known for restructuring failed companies in industries.Sources reveal both the parties are in advanced stage of talks.
MTN-Reliance Communication talks extended to July 21
    IN TALKS WITH RCOM: When the talks began, MTN had a market capitalisation of $38 billion.MTN and Reliance Communications started talks on May 26.
Pepsi drops Tendulkar, opts for cricket's Youngistan
    RIGHT CHOICE? Tendulkar, with a fee of Rs 3-4 cr per brand endorsement, is the highest paid cricketer of his generation.Pepsi has decided to focus on younger cricketers instead of Tendulkar.
Oil prices slide to less than $142 per barrel
    FUEL FOR THOUGHT: Iran's flexibilty over N-programme indicates a further slump in prices.Increase in oil prices to about 50 per cent earlier had raised concerns.
Beggars too feel the inflation pinch
    RISING COSTS: The daily collection of the beggars is dwindling fast and they blame skyrocketing inflation for it.Life for scores of beggars at the city's traffic intersections is no longer good.
High inflation fails to dampen kidswear market
    BOOM TIME: Brands like Reebok, which is launching Reebok Juniors are trying to cash in on the growing market.Indian kidswear market expected to grow by 30 per cent.

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