Finance/Market/Economy Alert

* Oil min source says no fuel price cut unless India basket below $75/bbl.
* RIL to develop D6 satellite fields; add 50% to KG basin gas output.
* Infosys in talks with Axon's institutional investors for support.
* ArcelorMittal facing above 50% cost overrun for India projects.
* HDFC head Parekh hopes interest rates have already peaked.
* Hyundai India to make India production hub for small cars.
* SAIL says maintaining margin despite moderating prices tough challenge.
* Kingfisher Airlines in talks with PE firms to raise $400 mln
* Credit Suisse maintains 'outperform' rating on Sterlite Ind.
* SEL Manufacturing to invest 5 bln rupees in Himachal textile park.
* UB head says in talks with Heineken for new shareholder agreement.
* Unitech still in talks with 4 cos for stake sale in mobile ops.
* Educomp to invest 400 mln rupees for 74% EuroKids share.
* India crude basket at $99/bbl Tue; below $100 for first time since Apr 7.

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