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Asian stocks fall on stimulus concern, UBS loss
Asian stocks fell, led by banks and developers, as UBS reported a wider-than-estimated loss amid investor concern that the withdrawal of stimulus measures will cause the global recovery to falter.

Godrej Consumer in talks with Sara Lee to acquire 100% in JV
Godrej Consumer Products is in discussions with Sara Lee Corp to acquire 100 per cent stake in Godrej Sara Lee, a joint venture (JV) between Godrej group and the US-based firm, a top company official has said.

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Onus of liability in case of nuclear mishaps
Ever since the Clinton visit, rumours have been flying fast and furious. Insiders claim that India has fast forwarded the Nuclear Civil Liability Bill, and the media has held forth at length on the probable facts and interpretations. Some angst is misplaced, for example the exclusion of the jurisdiction of civil courts.
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China denies reports of diverting Brahmaputra: Govt

The government today said that China has denied reports suggesting it was planning to divert the course of the Brahmaputra river. - UK safety equipment major to focus on India, China - Natural rubber hits a month's high - China warns of "grave" jobs situation - Pallavi Aiyar: Where Marx comes alive">Pallavi Aiyar: Where Marx comes alive - China the main catalyst for strong advances in copper - Rio Tinto exec would have broken Australian law too: China "Chinese foreign ministry has denied such reports," MoS for External Affairs Preneet Kaur said in a written reply to a Rajya Sabha query. She said the government was regularly monitoring the flows of the river. "India and China have established an expert-level mechanism to discuss interaction and cooperation on all issues regarding trans-border rivers," the minister said. Preneet Kaur said the government was giving "careful and special attention" to the development of infrastructure in the border areas opposite China to meet the security requirements and facilitate economic development there. In reply to another query, Preneet Kaur said that over two lakh Chinese nationals have visited India on business visas till June 2009 from 2004. The Minister added that an advisory has been issued to Indian missions and posts abroad to observe norms for grant of business visas to prevent their potential misuse.


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