Finance/Market/Economy Alert

* India Aug car sales down 4% on year, motorcycles up 16%.
* Uttam Galva cuts product prices by 2,000 rupees/tn Sep 1.
* Nalco cuts aluminium product prices by 4,000 rupees per tn.
* NTPC, Bihar State Electricity Board form JV for 1,980 MW project.
* Glenmark to initiate phase-I trials for biologic molecule GBR 500.
* Power Grid in last stage of securing $400 mln loan from World Bank.
* NALCO to export 7,000 tn primary aluminium at $70.2/tn.
* India crude oil basket down $1.82 per barrel to $97.18 Wed.
* India oil futures end weak Wed on concerns over global demand.
* Lakshmi Overseas in power purchase pact with PTC India for 5 yrs.
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