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Kraft may raise $16 billion offer for Cadbury
Kraft Foods Inc, the world’s second-largest food maker, may increase its 9.8 billion-pound ($16 billion) bid for confectioner Cadbury Plc by Monday’s deadline to keep its takeover attempt alive.

Mukesh Ambani meets Law Minister, legal experts
Amid a continuing legal battle between the Ambani brothers over gas supply, the elder of the two, Mukesh Ambani, is believed to have met Law Minister Veerappa Moily.

News of the day

DoT wants monitoring of MNP mechanism
The Department of Telecommunications (DoT) wants operators to make their network accessible to Lawful Interception and Monitoring (LIM) for the security agencies after they switch to mobile number portability (MNP) mechanism next month-end. DoT is likely to issue directives soon to all the telecom licencees on putting the subscribers under the LIM even before MNP is activated in the system.
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Colourful diplomacy

Indian diplomacy is making its presence felt in Washington DC, thanks to the colourful Indian saree. India’s Foreign Secretary Nirupama Rao and Ambassador Meera Shankar have become eye-catchers in the corridors of the US State Department with their bright silk sarees. However, inside meeting rooms, they are raising eyebrows more than they are turning heads. As one beltway wag put it, it appears Ambassador Shankar is not shy of making it obvious that it is she, and not the foreign secretary, who knows Delhi’s real mind on issues. The point being made, it seems, is that while seniority has put Rao in her chair, proximity to Delhi’s power centre has got Shankar her job! Meow


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