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India Infoline allots ESOS; stock slips 2.5%
The stock finally ended at Rs 141, down 2.5%. Over 1.18 shares were traded on the BSE today. generic levitra

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V V: Correcting the fault lines of capitalism
In the long run,” John Maynard Keynes had famously said, “we are all dead.” Keynes may not have been quite dead, but he had lived a ghostly half-life in the corridors of central banks and within the academia for decades. Now with the failures of unbridled capitalism on a global scale, he is back in fashion, along with Marx. John Cassidy, the finance correspondent for the New Yorker has come with How Markets Fail: The Logic of Economic Calamities (Allen Lane/Penguin £25), which draws heavily on Keynes to recount the story of America’s housing boom and the failures of regulators and self-deception of bankers that led to the present financial crisis. The book is a sequel to Cassidy’s earlier book DotCon that dealt with the stupidities of the stock market bubble in the late 1990s, but both deal with one central idea: the belief that society is best served when individuals are left free to pursue their self-interest was “Utopian economics” and led to disaster because of “the crooked timber of humanity”, and the uncertainty that is inherent in any human enterprise.

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Markets recover at close
The Sensex has ended at 16,647, down 208 points, and the Nifty has ended at 4943, lower by 63 points (provisional closing).
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Pepsi to take Nimbooz to southern and eastern mkts in India

Softdrinks major PepsiCo is scaling up the distribution of "Nimbooz" by entering the South and East Indian markets by the end of this month, making the product available across the country. - Apex court seeks reply from Maha on Pepsico plea - Frito-Lay to take Aliva to 20 more cities; ropes in Chitrangada - Sweet deal - A P Solvex plans to set up oil extraction plant in Indonesia - ITC"s Bengal food project in land tangle - PepsiCo Q2 net falls 2.3% to $1.67 bn "Nimbooz has done extraordinary well, specially in North India because of the heat. Now we are concentrating on scaling up its distribution, taking the product across the country by the end of this month," PepsiCo India Executive Vice President (Flavour) Alpana Titus told PTI on the sidelines of an event. She said the company has launched the product in South Indian markets, including Tamil Nadu and Karnataka and is planning to roll it out in Kerala and West Bengal this month. It is already available in the western markets of the country. "By September, Nimbooz will be available all across the country," she said, but declined to give details of the distribution network or the product"s volume growth. Currently, the company is undertaking product sampling in various locations to scale up its availability. However, Titus said the company is not looking at introducing any variants of the product. "Innovation is something that we keep doing. But as of now, we do not plan to launch any variants. As and when required, we will consider it," she said.


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