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    BP oil spill costs hit $8 billion
    MarketWatch
    LONDON (MarketWatch) -- BP said Friday that costs linked to its massive oil spill in the Gulf of Mexico have now hit $8 billion as the oil giant also indicated the well could be permanently sealed in around two weeks. ...
    Latest Gulf oil rig problem differs from BP spillThe Associated Press
    US Probes Mariner Fire in Gulf of Mexico That Sparked BP Spill Deja VueBloomberg
    BP: Cost of Spill Hits $8 BillionWall Street Journal
    Washington Post -BBC News -AFP
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    • Mittal's son joins Bharti
      After a swarm of daughters moved into companies controlled by their fathers think Godrej, Nadar, Reddy, Biyani, Chauhan, Piramal, TVS, et al the male heirs are stepping forward to claim their inheritance.

    • SAIL issue: DB quotes 80 paise fee
      Investment bankers have quoted less than a rupee as their fee to manage the around Rs 8,000-crore follow-on issue of Steel Authority of India Ltd (SAIL).

    • Cipla to buy 25% in S Africa unit
      Cipla, the largest player in the domestic drug market, could play white knight for Cipla Medpro, South Africas third-largest drugmaker and a key ally of the Indian company. Cipla is looking to acquire around 25 per cent in the manufacturing division of Cipla Medpro, where it does not hold any stake at present. The deal size could not be ascertained, but it will be the first overseas acquisition by 75-year-old Cipla in any pharmaceutical company.

    • Essar think-tank to drive retail vision
      The diversified steel-to-telecom Essar Group, with revenues of $15 billion, is readying to consolidate its retail initiatives under one roof to maximise synergies and explore new avenues of growth. To shape its plans, Essar is forming a centralised retail think-tank at a group level to strategise the conglomerates future course of action.

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