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Global Investors' Meet: Day One

The Fund Rush: AFP
Sinha pitches for overseas investment at global meet.

Finance Minister slams developed nations
Yahwant Sinha launched a vitriolic attack on developed nations for 'erecting trade barriers at a time when New Delhi was committed to dismantling them'.

Karnataka signs MoUs for Rs 40 billion
Global and domestic majors have expressed their desire to invest in Karnataka. Among those keen to ifuse funds are Reliance, Enron, Lucent Tech, BPL, Zee Telefilms, and TVS Group.

Zee to invest Rs 2 bn; shelves ADR: Reuters
'Zee Telefilms Limited will not make an ADR issue at the moment, chairman Subhash Chandra said. He also said that Zee will invest Rs 2 billion in Karnataka.

Enron, Reliance in communications pact: AFP
US energy giant Enron Corp on Monday signed a $ 137-million agreement with Reliance for an optical fibre cable project in Karnataka.

Reliance to infuse Rs 5.25 billion in fibre optics: Reuters
India's private sector Reliance Group said that it will invest Rs 5.25 billion to lay a 3,000 km fibre optic network in Karnataka.

BPL to invest Rs 4 billion in fibre optics: Reuters
The company has signed a memorandum of understanding with the Karnataka government for this.

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