Naxalites blast Coca Cola plant
Hyderabad: Naxalites on Sunday blew up a Coca Cola bottling plant at Peda Vadlapadu near Guntur claiming that their act was in protest against 'American imperialism'.

The naxalites used three steel cans filled with explosives to destroy a boiler and the transformer room of the factory. A fourth can of explosives could not be exploded.
The Coca Cola bottling plant is about 5 km from the barracks of an Andhra Pradesh Special Police batallion stationed at Mangalagiri. Before leaving the site of the blast, the naxalites left behind a note saying that their attack was in protest against 'American imperialism'.

While leaving the premises, the naxalites raised slogans against globalisation and multinational companies.
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Cabinet prepares plan for modernization of airports
New Delhi: The Union cabinet has prepared a note laying down terms and conditions for the upgradation and modernization of four international airports.
The draft Cabinet note suggested that airports of Delhi, Chennai, Mumbai and Calcutta would be leased for 30 years to private operators who would pay the lease amount in two parts -a lump-sum upfront payment and pre-determined annual rent linked to traffic growth.
These recommendations are in tune with feasibility study of the financial advisor for leasing KPMG, which also suggested a two-pronged payment system. KPMG has pegged the valuation of four airports at Rs 3,659 crore.
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IA, Jet to double insurance surcharge
New Delhi: Indian Airlines and Jet Airways will more than double insurance surcharge levied on passenger fares with effect from November 1. From the current level of Rs 100 per passenger per sector, the insurance surcharge is likely go up, on an average, to Rs 250 per passenger.

While the surcharge on shorter distances would be Rs 200 per sector, the levy will go up gradually to Rs 300 in the case of flights covering more than 1,000 km.
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India's forex reserves boosted by foreign funds
Mumbai: India's foreign exchange reserves rose for the third straight week on October 12, according to data released by the Reserve Bank of India.

Analysts say that a combination of foreign fund dollar supplies and valuation adjustments in other currencies may have provided the gains.
The forex reserves at $45.128 billion on October 12 marked an increase of $149 million over a week ago.
Foreign funds, which have been a major influencing factor in Indian stock markets, bought a net $68 million in Indian debt and equities during the week ended October 12.
They have pumped in $2.7 billion in the year to date, against $1.56 billion in calendar 2000.
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