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Kotak Mahindra Bank eyes acquisitions in India
Indian private sector lender Kotak Mahindra Bank is looking at acquisitions in the coming months in India, says a media report.

Janta Roadways launches taxi service in Chennai
Janta Roadways, a Chennai-based logistics services provider in the car transportation segment, launched its luxury taxi service in the city on Tuesday. The service will cover Greater Chennai, which includes Sriperumbudur.

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Ban on entry load: Funds raise upfront fees, trail commissions
With entry load on all mutual funds banned from August 1, fund houses are finding different ways to pay distributors for promoting their schemes.
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Ecuador, Russia sign nuclear energy agreement

Ecuador"s energy minister has announced that Quito has signed an agreement with Moscow to develop nuclear energy "with solely peaceful purposes." - Sukhoi to begin supply of SuperJet-100 by end of this year - HAL to supply components for Sukhoi fighters to Russia - Russia to begin testing of swine flu vaccine in early Sep - Russia lifts ban on Indian seafood imports - Ties with India, a foreign policy priority for Russia: Medvedev - Russian shipyard seeks $60 mn loan for Indian frigate order The agreement with Russia"s state-run Atomic Energy Corporation is to work jointly to find "technology and nuclear applications that can be viable" in Ecuador, the ministry said in a statement. Russia will provide support and advice to Ecuador "that will allow us to exercise an adequate nuclear energy use with solely peaceful purposes," the statement read yesterday. The agreement includes training nuclear engineers from Ecuador. Ecuador"s leftist president Rafael Correa, who last year said he intends to strengthen ties with Moscow, is scheduled to travel to Russia in October. Correa — like his regional ally President Hugo Chavez of Venezuela — is also seeking closer military ties with Russia. Ecuador is building two hydroelectric stations in an attempt to end its dependence on neighbouring Colombia for power. The two countries broke diplomatic ties in March 2008 after Colombian soldiers raided a leftist Colombian guerrilla jungle camp in Ecuadoran territory.


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