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YouTube may stream movie rentals
Google Inc’s YouTube, the most- visited video website, is in discussions with Hollywood studios to start an online movie rental service, according to two people with knowledge of the talks.

Mumbai civic body to raise Rs 2,000 cr
The Municipal Corporation of Greater Mumbai (MCGM) is mulling raising funds to the tune of Rs 2,000 crore as India"s richest civic body struggles to overcome a financial crunch created by a projected shortfall in revenue collection and massive expenditure on projects.

News of the day

Lisbeth Salander returns
The late Swedish journalist/author Stieg Larsson was the man behind Lisbeth Salander — the undeniably twisted and talented female protagonist of his “Millennium” trilogy. The second part in the series, The Girl Who Played With Fire, translated from Swedish by Reg Keeland, continues from where the first book left off — asocial heroine Salander once again back to her punch-throwing, expert computer hacking ways that she honed as a former security analyst in Stockholm, spinning yet another edge-of-the-seat crime thriller. Interestingly, Larsson’s father Erland Larsson, while receiving an award for his late son last year, revealed in an interview that the character of Salander seems to have been inspired by his son’s niece Terese, to whom the author had been very close.
Corporate

Govt refers to CCEA Daimler's proposal to buy Hero Group stake

The government today referred to CCEA a proposal of German commercial vehicle maker Daimler to buy out its erstwhile partner Hero Group"s entire 40 per cent stake in a joint venture to produce trucks in India. - Govt to set up commercial courts - Govt asks pilots, Jet mgt to resolve the issue urgently - Govt calls for austerity steps to fight drought - SC notice to Kerala govt on Cadbury India"s plea - WB govt scraps IT township project; Wipro still hopeful - Huge demand for Jaswant"s book in Gujarat According to an official release, Daimler"s proposal to increase its stake to 100 per cent has been recommended to Cabinet Committee on Economic Affairs (CCEA) for consideration as the initial approval was granted by the CCEA. Earlier this year, diversified business house Hero Group had pulled out of its joint venture with Daimler to produce trucks in India due to the economic slowdown. Meanwhile sources said Daimler has already increased its stake to 100 per cent by acquiring the 40 per cent holding of Hero Group in April and it has now sought post-facto approval for raising the foreign equity participation. The stake raising exercise would result in a foreign direct investment inflow of Rs 78.48 crore, they added. "After Daimler acquired Hero"s stake, the JV has been rechristened as Daimler India Commercial Vehicles from the earlier Daimler Hero Commercial Vehicles," a source said. Last year the two companies agreed to form a JV in which the German firm was to have a 60 per cent stake and the Hero Group the rest. The partners had announced an investment of Rs 4,400 crore for the purpose, including setting up a manufacturing plant in Chennai.


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