Weekly Roundup

• Dabhol debt recovery process in motion
• GAIL projects possibility of hike in per unit tariff from Dabhol plant
• Tata Motors working on prototypes for hybrid cars
• REL asked to hike equity in Dadri project
• JVS Exports chalks out Rs.80 crore expansion plan
• Tata Indicom completes first phase of USO commitment in Karnataka
• Continental Airlines' direct US-India flights from November

GENERAL

• Major quake rocks Nicobar Islands
• PMO gives ONGC's Mangalore plan a decisive push
• India may unlock FDI channels in broad spectrum of service areas
• China offers technological upgrades towards settling silk row with India
• FICCI study: India yet to exploit full potential in textile exports to US
• Delhi, Mumbai air traffic headed for higher volumes
• NABARD proposes restructuring of long-term credit for co-operatives

• RBI: Corporates can hedge commodity price risks with stronger banks
• Assocham study: Banking sector's earnings under pressure
  

MARKETS

• China bank chief says revaluation of renminbi an 'initial adjustment'