Tribune Summary - 28th September

SUBMITTED BY-
GROUP 2,SEC E
AKANKSHA SINGHWAL
ADITYA SINGH
AMOL SONTAKKEY


BUSINESS
1) KUWAIT PETROLEUM EYES STAKE IN IOC- oil minister (Kuwait) sheikh Ahmad Al-Abdullah Al-Sabah has said that Kuwait is keen on buying a stake in IOC, since the Indian govt. is planning to sell its 10% stake in IOC through a public offering.
2) UNILEVER BUYS ALBERTO CULVER FOR $3.7BN- To increase its global share in hair-care and skin care category, Unilever will buy a US- based Alberto culver co. for $3.7bn.
3) NO STAY ON SC NOTICE TO CENTRE ON VODAFONE TAX PLEA- through income tax department. SC issued notice to the centre on Vodafone’s plea against its tax liability of Rs. 12000 cr. on its $11bn.
4) WALLMART offered more than $ 4bn for south African wholesaler MASSMART for expanding its share in fast-growing Africa.
5) JIVO TO INVEST Rs 40 CR. IN 3 BOTTLING PLANTS-
In Viruddhnagar, Mumbai and Sangrur .And they target a turnover of Rs 100 cr. by 2012-13.
6) MERCEDEZ BENZ TO SET UP UNIT FOR BUSES AT PUNE.
Previously they were engaged in building bus chassis, now planning to set up a plant for bus body-building.



WORLD

1) INDIA , B’DESH AGREE TO COMBAT INFILTRATION-
Mutually decided to cooperate to combat illegal infiltration, smuggling of narcotics and prevent casualties in cross border firing.
2) DAVID MILIBAND brother of Britain’s opposition party labour party leader ED MILIBAND may quit politics.
3) NATO copters strike in Pakistan, 53 Taliban fighters killed for self-defence near Waziristan border.
4) SUPERBUG, a new cyber-weapon, threatens Chinese security, is attempting to infiltrate factory pc’s in china’s key industries.



SPORTS
1) The CFI dropped a bombshell on 3 TOP CYCLISTS Hitraj Singh, Gurbaz Singh and Paramjeet Singh from the common wealth games without assigning any reason.
2) NADA fixes Oct 21 as next date of hearing of doping case against wrestlers - Raju Tomer, Sumit, Mausam khatri, and women wrestler Gursharan Preet Kaur. Replacements have been declared.
3) MIKE FENNELL backed colleague MIKE HOOPER, saying he neither blamed the Indian govt. for Delhi’s under pre-paredness nor made any disparaging comments about Indians.
4) SURESH KALMADI “Much criticized athletes village problems have been sorted out.”
5) SANIA MIRZA back on track for Common wealth games.


NATION
1) AYODHYA: SC verdict on deferment plea today- headed by S.H.KAPADIA is set for crucial hearing on whether to further defer the Allahabad high court judgment on Ayodhya case.
2) Schools reopen in Kashmir after 3 months as they were shut down because of clashes between security forces and rock throwing crowds.
3) ISI chief told CIA that his rouge elements were behind 26/11,but it was not an authorized operation.