-Reliance Industries Limited announced that it has re-opened its extensive fuel retail network across Kerala. With the decontrol of petrol pricing, the RIL fuel retail outlets now retail Motor Spirit (Petrol) at price parity with PSUs. In addition, the RIL outlets continue to provide strong Quality & Quantity (Q & Q) assurance to its customers, RIL said. (BS) -Tata Motors posted a quarterly profit on higher sales and improved profitability of its Jaguar and Land Rover unit. The company reported a consolidated net profit of Rs. 19.89 bn for the quarter ended June 30. In the year-ago quarter it had reported a net loss of Rs. 3.29 bn. (BS) -Aban Offshore said it has won a contract of an estimated value of Rs. 22.85 bn from Brazil's oil explorer Petrobras to deploy drillship. The leading offshore drilling firm expects to launch the work in the last three months of 2010. (BS) Economic and Political Headline -The government is working on the process of enlarging the commodity basket of Wholesale Price Index for calculating inflation, and the new series will have 2004-05 as the base year instead of the currently used 1993-94, the Parliament was informed. (BS) -Inventories at US wholesalers rose less than forecast in June as companies kept stockpiles in line with slowing demand. The 0.1% increase in the value of inventories followed a 0.5% gain the prior month, the Commerce Department said. Sales at distributors dropped 0.7%, the most since March 2009, after a 0.5% decrease. (Bloomberg) -The UK’s trade deficit narrowed more than forecast in June as exports rose to a two- year high. The goods-trade gap shrank to GBP 7.4 bn from GBP 8 bn in May, the Office for National Statistics said. Exports jumped 4.3% to the highest since June 2008, and imports rose 1%. (Bloomberg) Warm Regards, Indiabulls Securities Limited