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Dubai World: Lenders to Dubai probably face writedowns. But the few available numbers suggest the losses won’t be huge.

Come clean on Google's charges: Obama admn to China
Taking "serious" note of internet giant Google"s allegations that Chinese authorities indulged in e-mail hacking and censorship, the Obama administration has sought explanation from Beijing on the issue.

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S Tel to be present in 6 telecom circles by 2010
S Tel, the latest entrant in the Indian cellular market, aims to be present in six telecom circles of the country by the end of 2010.
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Zydus Cadila files anti-diabetic drug application with DCGI

Healthcare services provider Zydus Cadila has filed an application before the Drugs Controller General of India (DCGI) for its anti-diabetic drug. The company has filed an investigational new drug (IND) application before the DCGI for its ZYD1 drug, used in the treatment of diabetes, Cadila Healthcare, the flagship company of Zydus Cadila group, said in a filing to the Bombay Stock Exchange. The global anti-diabetic market is estimated at Rs 24 billion dollars in 2008.


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