Excerpt:- COMMODITY RETREAT
Mining and energy shares fell along with commodity prices as demand concerns clouded the outlook. India-focused mining group Vedanta Resources (VED.L<http://uk.reuters.com/business/quotes/overview?symbol=VED.L>) shed 5.3 percent after India's environment ministry rejected a plan by Vedanta to mine bauxite in an eastern state, saying it violated forest laws. [ID:nSGE67N06M] Vedanta is already facing regulatory hurdles in its bid for control of Cairn India (CAIL.BO<http://uk.reuters.com/business/quotes/overview?symbol=CAIL.BO>), a potential deal valued at $9.6 billion that could give the group a slice of India's oil reserves. However, India's state-run Oil and Natural Gas Corp (ONGC.BO<http://uk.reuters.com/business/quotes/overview?symbol=ONGC.BO>), should have the last word in Vedanta Resources' (VED.L<http://uk.reuters.com/business/quotes/overview?symbol=VED.L>) proposed acquisition of Cairn India (CAIL.BO<http://uk.reuters.com/business/quotes/overview?symbol=CAIL.BO>), Trade Minister Anand Sharma said. [ID:nDEL003330] Ends. Full read @ http://uk.reuters.com/article/idUKLDE67N0KB20100824 -- DEV BOREM KORUM Gabe Menezes. * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Goa-launch of the well-received *Into The Diaspora Wilderness* by Selma Carvalho on Aug 29, 2010 (Sunday) at 11 am at Ravindra Bhavan, Margao. Meet the author, buy a signed copy (only Rs 295 in Goa till stock lasts). http://selmacarvalho.squarespace.com/
