L&T Powers head is concentrating on growing the business just as he did at ABB India, and refuses to entertain gossip that he could be L&Ts group chief in the future.
NEW DELHI (Reuters) - Half of the 4 million tonnes of raw sugar India has contracted to buy to meet a shortfall in supply have arrived, shipping sources said late on Monday, while another 100,000 tonnes are on the way to the world's largest consumer.
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NEW YORK/LOS ANGELES (Reuters) - Walt Disney Co agreed to buy Marvel Entertainment Inc for $4 billion in a deal that would add characters such as Iron Man, Spider-Man and the Fantastic Four to its entertainment empire.
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SAN FRANCISCO (Reuters) - Apple Inc said on Monday that it would host a media event next week, when the company is widely expected to unveil an updated line of iPod media players.
NEW DELHI (Reuters) - Drought has affected 278 districts, increasing its spread despite higher rainfall in the past two weeks and making the rising prices of sugar and lentils the big worry for the country, the government said.
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NEW YORK/MEXICO CITY (Reuters) - A U.S. federal judge is expected to decide on Monday whether Grupo Mexico or Sterlite Industries will control Asarco LLC, bringing the U.S. copper miner a step closer to leaving bankruptcy after four years.
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MUMBAI (Reuters) - Tata Motors, India's largest vehicle maker, posted a consolidated loss for its fiscal first quarter, but remained confident about the prospects of its loss-making Jaguar and Land Rover (JLR) unit.
MUMBAI (Reuters) - The rupee dropped on Monday as a fall in the sharemarket raised expectations foreigners may have sold some local holdings, taking its losses for August to 1.8 percent, its biggest fall in six months.
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MUMBAI (Reuters) - India kicked off trading in interest rates futures on Monday, the latest in a series of steps to deepen the country's markets, giving participants such as banks and companies a way to hedge against rate risks.
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NEW DELHI (Reuters) - India's tax funds are poised to improve market share as the proposed hike in lock-in period for rival unit-linked insurance plans (ULIPs) make mutual funds the most liquid equity tax-saving instrument.