The document contains brief summaries of several news stories: 1) China may support India's bid for a permanent UN Security Council seat when the Chinese premier visits India in December. 2) The CBI has arrested eight finance executives, including the head of LIC Housing Finance, for taking bribes related to corporate loans, causing turmoil in stock and property markets. 3) Toyota will launch its entry-level sedan, the Etios, in India with an aggressive starting price of around Rs. 5.25 lakh.

1. Submitted by:Harjeet Kaur
MBA 2c

2. China may match Obama support for India
for UN seat
 With US President Barack Obama declaring support for India's
bid for a permanent seat, China may move beyond its stated
position by announcing a more pointed support for New Delhi's
place on the global high table during Chinese Premier Wen
Jiabao's visit next month. The Chinese premier is expected to
visit India Dec 16-17, his first trip to the country in five years.

3. Housing scam: CBI arrests top officials of
PSU banks, financial institutions
 MUMBAI: The Central Bureau of Investigation (CBI) has
arrested eight finance executives, including the chief of LIC
Housing Finance, accusing them of taking bribes to give big
corporate loans and sending shockwaves through stock and
property markets at a time when the government is buffeted by
a series of high-profile scandals.

4. Toyota Etios will come with Rs 5.25 lakh
tag
 NEW DELHI: Toyota is all set to make a pitch for the
Indian car market as it launches Etios, the entry-level
sedan, at an aggressive entry price of around Rs 5.25
lakh.

5. NRIs can now vote, govt issues notification
 NEW DELHI: A longstanding wish of millions of
NRIs for voting right in India has come true with the
Centre issuing a notification to this effect to enable
them to exercise their franchise.

6. Mukesh Ambani's first power bill in Antilia -
Rs 70 lakh
 MUMBAI: Mukesh Ambani's Godzilla-sized home in Mumbai,
Antilia, has just notched up another headline. In the one month
since he moved in with wife Nita and their three children, the
house has generated a power bill of Rs 70,69,488, Mumbai's
highest residential electricity bill.