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Markets at a glance
Assurances from governments that stimulus packages around the world would continue and China"s strong industrial production numbers were welcomed by the markets. Indian government"s thrust on disinvestment also lifted market sentiments as proceeds may be used to reduce fiscal deficit that is expected at 6.8 per cent of GDP for this fiscal.

RIL to expand petrochemical complex by 2 MT
Mukesh Ambani-run Reliance Industries (RIL) today said it will expand its Jamnagar petrochemical complex by adding 2 million tonnes (MT) per year of olefins and matching downstream capacities.

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Fund management fees rise with markets
Management fees to equity fund managers and investment advisors rose 42 per cent, or Rs 224 crore, in the first half of financial year 2009-10.
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'H1N1 virus has not mutated, vaccines on track'

The head of the World Health Organisation (WHO) said today that the swine flu virus had apparently not yet mutated into a more serious disease and that the development of vaccines was proceeding on track. - US body to work with Andhra govt - Works still incomplete on Dasara eve - Inflation may rise to 6% by March next year: RBI - Obama announces plan to expand fight against swine flu - H1N1 drug trial talks next week - Few takers for govt offer on H1N1 vaccine trials The vaccines for (A)H1N1 influenza produced so far have been very effective, WHO Director-General Margaret Chan said at the opening ceremony for the organisation"s annual Western Pacific meeting. "The virus can mutate any time. But from April to now, we can see from the data given to us by laboratories worldwide that the virus is still very similar (to the previous state)," Chan told reporters. Ideally, three billion doses of vaccines could be produced worldwide annually, she added, noting that China had already begun to vaccinate people. Chan added the Hong Kong government could relax its measures against a swine flu outbreak "step-by-step", advising them in the long-run to focus resources on saving patients and reducing the number of serious cases. The Director-General said that only high-risk patients such as the elderly, the obese and those with underlying illnesses would be severely affected by the disease.


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