3rd weekly news(18th to 24 oct)

•PM says nuke deal with Japan would be a win-win propositionPrime Minister Manmohan Singh has batted for a win-win bilateral deal with Japan, citing huge opportunities offered by India's nuclear sector in which Japanese firms can become "partners" given their advanced capabilities.

•Hike in fuel prices unavoidable: Chidambaram Describing the rise in prices of petroleum products as "unavoidable", Home Minister P Chidambaram on Saturday said that oil companies continue to sell fuel products, except petrol, at subsidised rates.

•SBI may bring down credit growth to 18 per cent: BhattThe total outstanding credit of the banking system has gone up just 5.6 per cent to Rs 34,22,291 crore since the beginning of this financial year

•Carlson plans to add 20 hotel properties by 2011India's largest international hotel company, Carlson plans to add 20 new hotel properties by 2011, a top company official said.

•Trouble ahead as US hints at tighter norms for genericsA top official with the US drugs regulator has hinted at tighter regulation for generic drugs, a move that could spell trouble for the Indian industry.

•American lobby against plan for cheaper drugs The lobbying body of American drugmakers has opposed the Indian government’s proposal to allow local drugmakers to make low-cost version of patented drugs.

Will examine DoT proposal to merge circles into one zone: TRAI

Telecom regulator Trai will examine a recent Department of Telecom (DoT) proposal to merge all 22 telecom circles in the country into a single service area, a move that could lead to the end of costly roaming charges for Indian mobile phone users, an official said on Sunday.

•Teracom bags Rs 70 cr order from BSNL to supply modems Telecom equipment manufacturer Teracom on Sunday said it has bagged an order worth Rs 70 crore from state-owned BSNL to supply half a million modems, which enable computer data transmission over phone lines.

•I-T dept raises Rs 11,000 cr tax demand on Vodafone Income tax dept has raised a demand of over Rs 11,000 crore on Vodafone on account of its $11-bn Hutchison Essar deal.

The Prius of Porsches: Oh, yes, it's an SUV In redesigning its Cayenne lineup for 2011,

Porsche has tackled seemingly every shortcoming of an SUV that mortified many of the company’s loyalists when it arrived in 2001.

Maruti plans to add 1,500 service outlets by 2015  The country's largest car maker Maruti Suzuki

India is planning to ramp up its service centres by a massive 1,500 outlets by 2015 in line with its expansion of production capacity to over 17 lakh units annually.

China urges major nations to keep forex rates stable 

China's Finance Minister Xie Xuren urged major reserve currency nations Saturday to follow 'responsible' economic policies and keep their foreign exchange rates relatively stable.

G20 seals IMF power shift; vows to avoid currency devaluation 

The deal will make China 3rd most powerful member of IMF while India moves to 8th place from 11th. Nations pledged to refrain from currency devaluations.