India's Maruti offers discounts to boost car sales

(Reuters) - Maruti, in which Suzuki Motor Corp. owns 54.2 percent, has said it would limit the impact of high interest rates with dealer incentives and customer discounts. It ran a discount offer in June.




The "Smile India Smile" offer, which runs from August 1-15, offers discounts ranging from 7,000-30,000 rupees on several models, including its best-selling Alto and the Esteem sedan, the advertisements showed.


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Reliance to Spend $14 Billion on Oil Exploration Over Coming Three Years

(Bloomberg) -- Reliance Industries Ltd., India's
largest company by market value, will invest as much as $14
billion over the next three years in oil exploration and
production as the government offers new rigs to drill each year.

``India is still largely under-explored as far as oil is
concerned,'' Subhash C. Varma, head of development and production
at Reliance Industries, said in Mumbai. ``We plan to increase the
share of revenue of exploration and production business from
about 2 percent as of now.''


Read more at Bloomberg Energy News

Barclays' ABN offer period set

(Reuters) - The RBS-led consortium's offer is worth 71 billion euros and 93 percent in cash, while Barclays 65-billion-euros offer is about 38 percent in cash.




ABN shareholders can tender shares under the Barclays offer from August 7 until October 4, Barclays said in a filing to U.S. regulator the Securities and Exchange Commission late on Friday.


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Bush tours site of wrecked Minnesota bridge

(Reuters) - Bush got a bird's eye view of the ruined bridge in a
10-minute helicopter tour, then donned an orange hard hat and
wind-breaker to walk a section of the 40-year-old bridge on
foot as rain fell.




Local officials have confirmed five deaths and seven people
missing after the Wednesday evening bridge collapse, but
searches were ongoing.


Read more at Reuters.com Bonds News

U.S. Senate report faults SEC on hedge fund probe

(Reuters) - The report from the Senate Finance and Senate Judiciary
committees, released late on Friday, ends a year-long inquiry
into the dismissal of former SEC staffer Gary Aguirre.




Aguirre says he was forced out of the agency after a probe
he was leading got too close to prominent Wall Street banker
John Mack. His claims prompted three Senate hearings and drew
heavy press coverage.


Read more at Reuters.com Mergers News