1)BP acquiring stake in Reliance, Vodafone purchase of Essar stake & Cairn-Vedanta deal help to increase FDI in India

2)Reliance investors nervous as Jaipal Reddy replaces Murli Deora as Minister of petroleum & natural gas. In 2011, RIL stock fell 18.3% 3)Revenues of Indias top 4 IT cos grew 4-6% in Apr-Jun quarter, better than 2-4% in previous quarter 4)82% of British employers rate attitude as most important. Prefer hiring immigrants as Britons lose their work ethic 5)Rs1lakh cr treasure, more than Keralas public debt of Rs70,969cr discovered in Sree Padmanabha Swamy temple - Vodafone warns $2.5 bln India tax bill could double - May exports up 56.9 pct y/y - govt - Apple, RIM in group buying Nortel's patents for $4.5 bln - China June PMI hits 28-month low as global slowdown bites - Russia to supply nuclear submarine to India - RIA - Fuel inflation accelerates to 8-week high - Botched replay led to Dhoni dismissal - ICC ICC to CCC (Cricket Controversies continues)
1) Before Anna Hazare starts his 2nd agitation, Govt initiates electoral reforms. Criminals wont

be allowed to contest 2) US to withdraw 10,000 troops from Afghanistan this year &23,000 next year. Till date 1,600 US troops have been killed in Afghanistan 3) 4 (Four) IIPM students have filed a petition with Karnataka High Court to close or derecognize IIPM & prosecute top management 4) ET Survey 2011: Google, Intel &Makemytrip are Indias Best Companies To Work For 5) HCLs Shiv Nadar, Wipros Azim Premji, GMRs Rao & Bollywoods Vivek Oberoi in Forbes list of Worlds Top 48 Heroes of Philanthropy 1)Oil cos burdened with Rs1,20,000cr debt have no money to import crude. Govt forced to hike prices of Diesel, kerosene & LPG in July 2)Over 120 Indian companies are setting up Singapore office a month as it is the gateway to Asia-Pacific markets 3)Domain names may no longer have to end as .com or .in etc, they can be anything. This opens the floodgates to cybersquatting & online fraud 4)Tata Motors move High Court over Mamatas 2011 Land Act to take back land allotted to Tatas at Singur 5)New cost saving mantra: 50,000 employees ie 40% of IBM Indias staff work from home