MARKETS / Will meet on October 25 to take a call on new rules
Sebi scales back the curbs on FIIs Securities & Exchange Board of India (Sebi), on Monday, dropped a proposed ban on registered brokers using offshore derivatives to buy stocks, scaling back new rules that sparked a $100 billion sell-off in equities last week.
ANTI-TRUST ISSUE / Will open Windows code to open-source rivals
Microsoft finally bows down to EU diktat Microsoft Corp, worlds largest software maker, on Monday, ended a three-years resistance and finally agreed to make information available for open-source programmes such as Linux operating system to comply with a 2004 European Union decision and avoid fines.
TRADE / Eliminating import duties
No issues on FTA with EU:Kamal Nath India and EU are negotiating free trade and investment agreement aimed at phasing out and eliminating import duties on large number of trade items.
NO SOFTENING OF STANCE
India sees progress in Doha talks India was not softening its stance to enable a deal in the World Trade Organisation (WTO) talks, despite a discussion paper that suggested leading emerging economies may accept some changes they had resisted, Kamal Nath said...
A vendor naps in his clothing stall at a shopping mall in the Chinese city of Tianjin on Monday. The European Anti-Fraud Office said that, in conjunction with Austrian authorities, it has uncovered a major fraud scheme involving imports of textiles and shoes from China.AFP
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