Reliance Retail Ventures Limited (RRVL) on Thursday said it has entered into a Master Franchise agreement with 7-Eleven to run convenience stores in India. The first 7-Eleven store is set to open on Saturday, in Andheri East, Mumbai, RRVL, the retail arm of Reliance Industries Ltd, said. "RRVL, through its wholly-owned subsidiary, 7-India Convenience Retail Limited, has entered into a master franchise agreement with 7-Eleven, Inc (SEI) for the launch of 7-Eleven convenience stores in India," said a joint statement.

Fabiano Augusto Amorim, 28, a Brazilian national, faces a maximum sentence of 15 years in prison and a fine of up to $500,000. His sentencing is scheduled for April 3.

US Marshals, still looking for him, suspect that Prakashanand Saraswati, known to his devotees as Swamiji, may have fled America in connivance with his close associates.

51-year-old Vikram Datta, who was found guilty in September last year on money-laundering charges, was sentenced in Manhattan federal court in New York.

You want the name of a top foreign B-School to feature on your resume. International education expert Karan Gupta has a few recommendations.