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RIL, ONGC lead stock surge
Heavy buying by foreign and domestic institutional investors saw the Bombay Stock Exchange (BSE) Sensex rise 2.25 per cent, or 339 points, to close at a 10-month closing high at 15,466. The rally was led by index heavyweights Reliance Industries (RIL) and Oil and Natural Gas Company (ONGC) as global crude oil price touched $71 a barrel after settling above $70 for the first time in over seven months. Firm global markets too helped the rally.

ADAG bites into food business
To launch in BIG Cinemas in India, abroad.

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Govt defers Pepsico's $200 mn investment proposal
The government has deferred a decision on Pepsico India Holding"s proposal to invest $200 million (about Rs 930 crore) in the next three years.
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Clinton set the pace for Indo-US relationship: State dept

Secretary of State Hillary Clinton has set the pace for the Indo-US relationship during her recent visit to India and both the countries have to work hard to deepen the cooperation and build on it, the State Department has said. - Krishna, Qureshi exchange greetings at ASEAN meet - Clinton urges Asia to enforce North Korea sanctions - Soft sell, hard issues - Warming conflict - Govt under West "pressure" to resume talks with Pak - India commits Rs 180k cr to nuclear trade "Now that we (India and US) have broadened the frame and significantly increased the number of issues that the two countries will address together, now comes the hard work of preparing for these meetings and deepening the cooperation," Assistant Secretary of State for Public Affairs P J Crowley said. "We have to see what progress can be made in all of the working groups that she (Clinton) outlined with her Indian counterpart," he said. Crowley said Clinton reflected in a number of occasions that the US was "very satisfied" with the trip to India and the launching of a strategic dialogue and an expansion of the range of issues that "we will address in future meetings with both countries." The Secretary of State visited India early this week during which the two countries vowed to expand their relationship. "The strategic dialogue will be carried on primarily at the ministerial level," Crowley said, adding that Prime Minister Manmohan Singh would be coming on a state visit to the US in November.


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