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3. RCOM owns 95% of Reliance Infratel.

4. The development will affect RCOM’s ability to price its high –end 3G services and added that it expected India’s second largest telecom company by customers to hasten the process to sell a 26% equity to raise money.

5. In June, both parties had agreed to exclusively discuss terms of merger till August 31.

6. When these deadlines lapse, they are renewed if talks are on track.

8. Contd. Vedanta’s open offer letter to Cairn India’s shareholder for acquisition of a further 20% shares had indicated September 7 as the cut-off date.

9. PM rules out Retirement, hints at younger Cabinet Not disconnected with party and wrangling over policy issued . PM ManmohanSingh send an unambiguous message that he was very much around, in control and not planning to be hanging up his boots. PM said, "I would like to reduce average age of my cabinet”

10. Britannia to invest Rs 100 cr in 2 new plants Britannia Industries (BIL) will invest around Rs 100 crore to set up a plant each in Bihar and Orissa to scale up production to cater to the growing market Britannia, with a 31% market share, is lagging behind Parle Industries, which has gained clear volume leadership in the Rs 10,000-crore Indian biscuit market in recent times It had launched brands like Pure Magic and Chocs Decor as competition to chocolates by leveraging festival gift packs, creating a value for the brand.

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