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Panel submits probe report on Zamrudpur mishap to Delhi Metro
A panel probing the July 12 accident at a Delhi Metro construction site that left six persons dead has submitted its report to DMRC chief E Sreedharan.

Heineken inks beer alliance with UB
United Breweries Holdings (UBL) has forged an alliance with Heineken to distribute the Heineken brand in India. The partnership in India is expected to drive growth in one of the world"s fastest growing beer markets. As part of the agreement, Heineken will acquire Asia Pacific Breweries (APB) India -- Asia Pacific Breweries (Aurangabad) and Asia Pacific Breweries-Pearl -- for Euro 25 million (Rs 174 crore). Following completion of this transaction in the first quarter of 2010, Heineken intends to transfer these businesses into UBL during 2010. APB is a joint venture partnership between Heineken and Fraser and Neave.

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FMCG cos new mantra for modern retail growth
Driving consumption among middle and lower income consumers, collaboration between retailers and suppliers, understanding consumers is the mantra to grow modern retail in the coming days as the sector comes out of slowdown blues, say fast moving consumer companies (FMCG) and organised retail chains.
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Montek for further opening up of financial sector

Ahead of the Budget, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said the country should further liberalise its financial sector to play a bigger role on the global landscape. - India is land of billion opportunities: Experts - Fund support may go up by over 15% - Hiring may pick up in London"s finance industry in 2010 - Montek calls for innovative planning - Aligning with China in Copenhagen a mistake: Bhagwati - "The commitment and direction of reform are important" "Even when the industrialised countries appear to be shrinking, we may well be expanding the scope of liberalisation of the financial sector," he said while addressing a session at the 40th annual meeting of the World Economic Forum (WEF) here today. "We have to persuade our population and educate them about the advantages of expediting financial sector liberalisation," he added. Ahluwalia"s statement comes at a time when the Finance Minister is working out the parameters of his 2010-11 budget which, besides tax proposals, will also include a statement laying down the economic reforms programme of the government. The important pending financial sector reforms include raising the foreign direct investment cap in the insurance sector. The agenda of the government also includes reforms of the pension sector. In case of the banking sector, the pending reforms include providing greater operational freedom to foreign banks and raising voting rights of overseas entities in private sector banks. Following the collapse of Lehman Brothers that triggered the global financial meltdown in October 2008, many developed countries have turned cautious and some even adopting protectionist steps to safeguard their economies.


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