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PRESS DIGEST - Indian Business News - April 30

Wed Apr 30, 2008 8:47am IST
 
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MUMBAI, April 30 (Reuters) - Indian newspapers carried the following stories in their print or Web editions on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

ECONOMIC TIMES (www.economictimes.com)

* UK's Dawnay Day International plans to invest $300 million by 2010 to set up a chain of four-star hotels in India, starting with a Jaipur property that is expected to be opened in November.

* Real estate firm DLF Ltd (DLF.BO: Quote, Profile, Research) plans to take up a slum development project in Delhi.

* Allahabad Bank (ALBK.BO: Quote, Profile, Research) may raise about 19 billion rupees from the bond market during the current financial year to keep pace with growth in its lending business.

* Bacardi is believed to have told former ally Radico Khaitan (RADC.BO: Quote, Profile, Research) that it objects to the new packaging and design of the latter's Magic Moments vodka, alleging its appearance is 'very close' to Bacardi's international vodka brand Grey Goose.

MINT (www.livemint.com)

* At least a dozen key executives at Jet Airways India Ltd (JET.BO: Quote, Profile, Research), including executive director Saroj Datta, are said to be quitting the carrier.

* India's top power producer NTPC Ltd (NTPC.BO: Quote, Profile, Research) will manufacture cement near six of its power plants through ventures with private firms.  Continued...

Dubai Debt Fears

Villas are seen on the The Palm, Jumeirah, with Atlantis, The Palm, under construction on the breakwater (crescent), May 3, 2008.  REUTERS/Jumana El Heloueh

Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets.  Full Article | Slideshow 

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India.  Full Coverage 

People stroll outside the Taj Mahal hotel ahead of the first anniversary of the militant attacks in Mumbai, November 24, 2009.  REUTERS/Punit Paranjpe
Investors worry about another attack

The risk of militants striking again worries investors who fear that a second attack similar to last year's Mumbai raids could shake the economy.  Full Article | Full Coverage 

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