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UBI in talks with 3-4 Indonesian banks for acquisition
The government-owned Union Bank of India (UBI) has initiated preliminary discussions with 3-4 small-sized Indonesian banks for possible acquisition, a top official said.

BIG TV in talks with Warner, CNN for content acquisition
Anil Ambani Group"s DTH arm Reliance BIG TV is believed to be in discussion with content providers like Max Broadcasting, Warner Home Entertainment Group and CNN to acquire non-film content for its pay per view (PPV) platform.

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GDP grows 6.1%, weak monsoon a worry
Expansion in manufacturing, services sectors contributed to growth
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Raj Bhavan hopes

Three states, Andhra Pradesh, Rajasthan and West Bengal, don’t have governors. ND Tiwari resigned and vacated the Raj Bhavan in Hyderabad recently. Gopal Krishna Gandhi quit the Raj Bhavan in Kolkata and Jaipur is vacant after the death of former foreign secretary SK Singh. The result is that various people in the race are making rounds of politicians they think will give them a leg-up to the post. Finance Minister Pranab Mukherjee’s residence is obviously one pilgrimage centre. Watch this space for more on this front.


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