ECONOMIC TIMES SUMMARY FROM 27TH JULY TO 02 AUGUST Internet giant Google is the most attractive employer for the graduates from Asia-Pacific region in a list of top companies which figures no Indian firms. Against the backdrop of the US blaming India for the failure of WTO talks, prime minster narendra modi said developed countries should understand the challenges of poverty in developing country and the governments responsibility to address them. The oil ministry is looking at a price of US $ 6-6.5 for all domestic natural gas but wants Reliance Industry to sell KG-D6 gas at od rate old US $4.2 till it makes up for shortfall in supplies of past four years. Worlds top billionaire leaders like carlos slim and Richard Branson may be advocating a 3 day working week to boost employee productivity, but HR experts believe that indie is not ready for such model. Both are on way of preparing a model where employee has to work for 11 hours a day that to only 3 days a week, following which they can have a 4 day long off in a week. No retrospective tax on debt mutual fundsRedemptions till July 10 exempted from higher capital gains tax; LS passes Finance Bill Bad news rains on RelianceOil ministry, CAG, SAT make things difficult; firm says always had transparency with govt agencies IndiGo approaches FIPB in run-up to IPOTalks gain ground of strategic stake sale to foreign investor Labour reforms: Govt to ease rules on apprentices, womenCabinet may take up amendments to 3 laws on Wednesday; but no relaxed retrenchment norms yet With simpler processes, govt promotes ease of living in IndiaThe focus is on the ease of living and making rather simple the tasks that currently look uphill Japanese look to gear up luxury playDemand for long premium sedans have tumbled as delivery backlog started piling up Reliance Power to buy all of Jaypee's hydropower assetsDeal comes within days of Abu Dhabi's TAQA pulling out of agreementDebt-laden Jaiprakash Power Ventures Ltd (JPVL) on Sunday said it had signed a deal to sell its entire hydropower portfolio to Reliance CleanGen, a wholly-owned subsidiary of Anil Ambani-controlledReliance Power(R-Power).JVPL has a hydropower asset base - three plants with an asset life of 50 years - worth a little over Rs 10,000 crore and with a cumulative capacity of 1,800 Mw. Jaiprakash Associates, of whichJPVLis a subsidiary, is the flagship company of Jaypee Group. On Sunday, it said in a statement it intended to "utilise the entire proceeds of the proposed transaction to reduce its outstanding debt, and thereby deleverage its consolidated balance sheet". Tailwinds give Agarwal a reason to cheerGovts removing hurdles from Vedanta projects but high debt worries investorsWith theVedantagroup set to bid for the Union government's residual stake inHindustan Zinc(HZL) and Bharat Aluminium(Balco), and the Odisha government assuring bauxite to its Lanjigarh aluminIum project, the tide is finally turning for Anil Agarwal, who till recently was facing fire from the government and environmentalists. Wipro sets up $100-mn VC fund to invest in start-upsDriven by Rishad Premji, fund looking to invest in start-ups in data, open source, industrial internet spacesFollowing the footsteps of some of its global peers, India's third largest information technology (IT) services company, Wipro, has set up a venture capital (VC) fund that will look at investing in early-to-middle stage technologystart-ups globally. According to highly-placed sources in the know, the initiative is being driven by Chief Strategy Officer Rishad Premji, also the elder son ofWiprochairman Azim Premji. The company has set aside an initial corpus of $100 million (around Rs 600 crore) for the fund which has started exploring investment opportunities in start-up companies which focus on niche technologies such as data, open source and industrial internet, among others. Wild Stone topples HUL's Axe in deo marketWild Stone's brand size is expected to swell into about Rs 300 crore this financial yearWTO standoff: India may lose 'Peace Clause' if Bali pack failsBut New Delhi firm on trade pact stanceIn its effort to safeguard the rights of its poor by blocking the World Trade Organization's (WTO's)trade facilitation agreement(TFA), India might lose out on securing a deal on food security, including the much-needed 'Peace Clause' agreed on during WTO's Ninth Ministerial meeting in Bali, Indonesia. WTOmembers have threatened that if the so-calledBalipackage gets derailed, every single issue that was negotiated. Gail signs MoU with Japan's Sumitomo Corp for LNG and petrochemBoth firms will work closely to bring LNG from US and would cooperate on businesses ranging from upstream to downstream After $1-bn fundraising, Flipkart now worth $7 bnNo plan for an IPO anytime soon; firm aims to enter $100-bn valuation club Tata Group to invest $35 billion in 3 yearsVision 2025 to focus on four clusters; aim is to join the global club of top 25 companies ITC net up 15.6% on agri, paper, cigarette salesCigarette segment saw an increase of 21.4% in pre-tax profit at Rs 2,721.75 cr Govt may review global airline bilateral agreement methodTo 'go slow' on talks till comprehensive parameters are reached for determining such pacts Arvind Subramanian:A solution for the WTOIndia is right to support its agriculture, but is going about it the wrong way August too early for rate cut by central bankDespite the consumer price index-basedinflationrate having fallen to its lowest level since the launch of the new series in January 2011, the Reserve Bank of India (RBI) is likely to go for the status quo onrepo ratein itsmonetary policy reviewon August 5, shows a poll conducted by Business Standard among 10 market participants. Divestment contenders beat StreetHowever, do not rush to buy such stocks; take a hard look at the fundamentals and treat each on its merit. Global sell-off sees markets, rupee fallSensex slumps 400 points; rupee falls to 4-mth low of 61.19/$ Tata Motors pins hopes on big trucks to get out of woodsIndia's largest truck maker reported Rs 34,288 cr net revenue in 2013-14 by selling, alongside cars, 370,000 trucks in the year Property mart: Budget brings cheer, but difficult times to stayWithin five days of the budget, the RBI brought in housing loans below Rs 50 lakh under priority sector lending India hopes WTO pact talks will be revived in SeptemberDG Azevdo warns of 'significant consequences' Govt to benefit $1.1 bn by promoting domestic solar manufacturingWhile supporting domestic industry could result in moderately higher price of solar power in the short run, the cost curve would fall in the medium term as scale and supply chains develop, says ISMA - KPMG report