INDIA

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Ford set to pick Jaguar frontrunner in days

Ford Motor Co. is set to choose a frontrunner to buy European brands Jaguar and Land Rover around the end of this week as it moves towards a sale early in 2008, said a person close to the matter on Monday.

EU, U.S. strike compensation deal in gambling row

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The European Commission dealt a blow to European online gaming companies on Monday when it accepted a U.S. offer of openings in other sectors to compensate for closing the U.S. gambling market to foreign firms.

EU-U.S. climate impasse easing

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Europe toned down a clash with the United States over 2020 climate goals on the final day of U.N. talks in Bali on Friday, raising hopes of a deal to start negotiations on a new global warming treaty.
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Bahrain Bank to Fund Indian Project

Gulf Finance House, a leading Islamic investment bank based in Bahrain, will help India's western Maharashtra state develop a $10 billion industrial zone that will host software, telecom and entertainment businesses.
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U.N.'s Ban urges 2009 deadline for climate deal

U.N. Secretary-General Ban Ki-moon urged the world on Wednesday to agree to work out a new climate treaty by 2009 but said it might be too ambitious to set goals for greenhouse gas cuts in Bali.
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Emissions cap for poor unlikely at Bali talks

The chance that developing countries would accept firm emissions-cutting targets receded on Friday, as U.N.-led talks to launch negotiations on a climate pact to succeed the Kyoto Protocol inched forwards.
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Coca-Cola says COO Kent to become CEO

Coca-Cola Co said on Thursday Chief Operating Officer Muhtar Kent will succeed Neville Isdell as chief executive of the world's largest soft drink company on July 1, 2008.
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India's Ranbaxy forecasts strong 2008

Ranbaxy Laboratories Ltd, India's largest drug maker by sales, expects strong growth in 2008 and would continue to look for acquisitions in India and abroad, Chief Executive Malvinder Singh said on Thursday.
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Bristol to cut jobs, close plants to save $1.5 bln

Bristol-Myers Squibb Co, as part of an expected major restructuring, on Wednesday said by 2010 it would cut its work force 10 percent and slash the number of its manufacturing plants by more than half, to generate an additional $1.5 billion in savings. The company is also planning to sell its medical imaging business and reviewing strategic alternatives for its wound healing unit. Sales would bring the company cash to boost its core pharmaceuticals business.
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Prudential Fin, DLF to Foray Into MF Business

Prudential Financial Inc, one of the largest U.S. life insurers, and India's most valuable real estate firm, DLF, are to set up an asset management joint venture, the two firms said in a statement.
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Holy Smokes! World's worst polluters list is out!

World's two fastest growing economies, China and India, have earned the dubious distinction of being home to some of the biggest polluting firms across the globe, according to a list published by Carbon Monitoring for Action (CARMA), a product of the Confronting Climate Change Initiative at the Center for Global Development, an independent think-tank located in Washington, DC.
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A cocky India enjoys global economic limelight

Record stock highs and economic growth. Takeovers of European firms. Even cricket world trophies. This year, perhaps more than ever, India has bulged with self-confidence -- some say dangerous cockiness -- that underscores how executives, politicians and the middle-classes feel the global economic juggernaut is unstoppable.
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Sanofi-Aventis opens Indian development centre

French pharmaceutical company Sanofi-Aventis SA said on Monday it had opened its first Asian pharmaceutical development centre in Goa, another sign of increasing interest in India from global drugmakers.
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DLF to partner with Aman Resorts founder in $400 million deal

India's largest real estate firm, in terms of market capitalisation, DLF Ltd, said it will hold equal stakes with Adrian Zecha, founder of luxury hotel chain, Aman Resorts, in the Singapore-based company in a transaction valued at $400 million.
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India Infoline sells stake in subsidiary to Orient Global

India Infoline Investment Services (IIIS) has announced that it has sold 22.5 percent stake to Singapore-based private equity investor Orient Global, founded by emerging markets expert Richard Chandler, for $76.7 million (Rs.300 crore).
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Russian car market will be Europe's biggest: VW CEO

Russia will become Europe's biggest car market in 2009, overtaking Germany, Volkswagen's chief executive told reporters late on Wednesday during the group's official opening of its new plant in Kaluga outside of Moscow.
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AMD sees chip market remaining competitive

Microprocessor maker Advanced Micro Devices Inc (AMD) sees pricing in the chip market remaining competitive, and aims to return to profitability soon, Chief Executive Hector Ruiz said on Thursday.
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Indian funds seen chasing global markets - ING

Indian fund assets could more than triple to $500 billion in the next five years, with half of that held in global products as investors seek diversified portfolios, the head of ING Groep's Indian fund arm said.
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Tata Motors ahead in race to buy Ford's British brands

Tata Motors, a group company of India's leading tea-to-truck business conglomerate is reportedly ahead in the race to acquire ailing U.S. automaker Ford Motor Co.'s British luxury car brands Land Rover and Jaguar which was put up for sale earlier this year.
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Blasts in three northern Indian cities kill 13

Nearly simultaneous explosions from homemade bombs planted outside courts in three northern Indian cities killed at least 13 people in what a senior government official said were terrorist strikes. Officials said 59 people were wounded in the blasts at Varanasi, Faizabad and Lucknow, all in the populous state of Uttar Pradesh. Many of the dead were lawyers.

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