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IMF warns of excessive capital inflow in Asian economies
The head of the International Monetary Fund (IMF) warned today against excessive capital inflow in some Asian countries although he said the IMF sees no imminent threat of asset price bubbles.

Govt allows Pepsico to inject $200 mn additional equity
The government today cleared a proposal of the US-based soft drinks major Pepsico Holdings to inject additional equity of $200 million (around Rs 930 crore) into its Indian arm within three years.

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Production contracts shouldn't be tweaked by anyone: RIL
Energy major Reliance Industries today said that Production Sharing Contracts (PSCs) like the one it had signed for KG-D6 fields with the government should not be tampered with by anyone to maintain their credibility.
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Amitabh transfers land in UP for college named after Aishwarya

Nearly two years after Amitabh Bachchan laid the foundation of a girls college named after his daughter-in-law and actress Aishwarya Rai in Barabanki district, legal formalities have been completed to transfer the land to the organisation building it. - FIR against Amar Singh, wife for alleged financial fraud - Ring-ring bling - Bundled offers flood durables market - Big B fails to boost Bigg Boss 3 inaugural ratings - The Rs 700-cr brand - "Big B" gets ready for TV comeback "Amitabh Bachchan has donated land in Daultpur village to Nishta Foundation, an organisation run by SP MP Jaya Prada, which will construct the college," official sources said here today. The legalities regarding transfer of land were completed by Rajesh Rishikesh Yadav, to whom Bachchan had given power of attorney, yesterday. The foundation laying function was attended by Asihwarya Rai Bachchan, Amitabh"s wife Jaya, son Abhishek, SP supremo Mulayam Singh Yadav, general secretary Amar Singh, MP Jaya Prada and former Andhra Pradesh Chief Minister Chandrababu Naidu. However, the construction was delayed due to some legal issues.


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