Equity/Economy/Finance Alert

* Cabinet OKs Sixth Pay Commission recommendation
* RBI to pay 150.11 bln rupees to govt as dividend for yr to Jun 30.
* SBI says got fin min OK to merge State Bank of Saurashtra with self.
* US-based Vornado in 50:50 retail joint venture with Reliance Ind.
* Hindustan Zinc cuts lead price by 10,500 rupee/tn, zinc by 2,400 rupee.
* NTPC commissions 500MW Sipat thermal unit ops in Chhattisgarh Wed.
* Sun Pharma gets US Federal Trade body OK for Taro open offer.
* Indian Overseas Bank mulling over 5-bln-rupee Tier-II bond sale.
* Industry body says India soy acreage 9.3 mln ha vs 8.8 mln yr ago.
* India crude oil basket marginally up at $110.19 per barrel Wed
* India crude oil futures end firm Wed on cues from global mkts.
* Most LME base metals end up Wed as dlr down vs euro, crude soars.
* Govt OKs wage hike; FY09 salary bill to rise by 221 bln rupees.
* Cabinet OKs Chennai airport upgrade project costing 18 bln rupees.
* Cabinet OKs hike in IIFCL equity cap to 20 bln rupees.
* SBI says got fin min OK to merge State Bank of Saurashtra with self.
* I-flex gets order from Lithuania bank for core banking software
* Hindustan Zinc cuts lead price by 10,500 rupee/tn, zinc by 2,400 rupee.
* India Apr-Jul cashew exports up 7.62% on year to 41,854 tn.
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