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India open to free trade agreement with US
Prime Minister Manmohan Singh today said India is open to discussions on a free trade pact with the US on the lines of the agreement New Delhi already has with the 10-nation South East Asian bloc.

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Government optimistic of achieving excise target
Newly-inducted Karnataka minister for excise M P Renukacharya today said that government was well on its way of meeting its excise collection target of Rs 7,000 crore for financial year 2009-2010.

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ArcelorMittal issues $750mn convertible bonds
Global steel giant ArcelorMittal today said it has raised $750 million (Rs 3,500 crore) through issue of convertible bonds by its wholly-owned arm based here.
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Global action forcing pirates to Indian Ocean: Ban

UN Secretary-General Ban Ki-moon has said intensified international action to tackle ship seizures off the Somali coast is forcing pirates further afield into the Indian Ocean and more recently closer to the Seychelles. - US drones protecting ships from Somali pirates - Somali pirates hijack Panamanian carrier with 24 Indian crew - Somali pirates seize Indian ship, attack tanker - Somali pirates hijack Indian cargo ship with 15 aboard - NATO ship seizes explosives from suspected pirates - Indian Navy nabs 9 pirates off Seychelles coast In a report to the UN Security Council, Ban said the expanding international maritime presence is playing a critical role in stabilising the situation at sea. He said in the report circulated yesterday that the deployment of naval ships and military aircraft as well as improved efforts by ships transiting the area to protect themselves have considerably reduced the number of successful incidents of piracy and armed robbery, especially in the Gulf of Aden.


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