08 July 2011

Economic and Political News �� 8 July 11:: Angel Broking,

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Economic and Political News
�� Food inflation at seven-week low of 7.6%
�� Direct tax collection drops 17% to `57,268cr
�� Textiles Minister Dayanidhi Maran resigns from Union Cabinet
�� Government approves FM phase-III auctions: I&B Ministry
Corporate News
�� Reliance seeks adequate time to respond to CAG report
�� Bharti Airtel to re-structure operations in India and South Asia
�� L&T Finance Holdings places pre-IPO equity
�� Birla Pacific Medspa surges by 48% in debut trade
�� Tech Mahindra bags IT contract from Microsoft
�� Dr. Reddy's launches hypertension capsules in the US market
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint

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