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UN to cut staff by 40% in Pak on security concerns
The United Nations plans to reduce about 40 per cent of its staff in Pakistan by realigning their deployment due to growing security concerns in the wake of a wave of terrorist attacks across the country. http://smallpersonalloans.org.uk

RIL plans to sell Rs 4,250 cr of treasury stock
Reliance Industries (RIL), India’s largest private sector company by market capitalisation, plans to offload a part of its treasury stock, held through the Petroleum Trust, which is controlled by the promoters.

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Bharti may take on MTN in bid for Zain
Indian firm holds preliminary talks, Essar group also in the fray.
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Rupee drops before interest-rate decision

Bloomberg / October 27, 2009, 0:05 IST Rupee fell before the central bank’s decision tomorrow on interest rates while importers bought dollars to settle month-end bill payments. Jan cement sales in high double-digit Demand for the US currency probably rose from companies such as Indian Oil Corp, the nation’s largest refiner, after the price of crude oil climbed almost 14 per cent in October, the biggest monthly increase since May. Reserve Bank of India Governor Duvvuri Subbarao will leave the bank’s overnight lending rate, or repurchase rate, unchanged at 4.75 per cent. Bonds gain 10-year bonds gained for the first time in three days on speculation the central bank will keep its benchmark interest rates at record lows following a quarterly policy review tomorrow. The nation should maintain an “accommodative” monetary policy until an economic recovery gathers strength, to Prime Minister Manmohan Singh’s economic advisory council chairman C Rangarajan, said last week.


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