| THE ECONOMIC TIMES |
Sat, 7 Nov 2009 |
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THE ECONOMIC TIMES
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Earnings may boost China stocks 15 per cent
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Earnings may boost China stocks 15 per centThe upbeat earnings, fed by China's steady economic recovery, are restoring optimism in stock mkt. Invest in commodity stocks | 8 stocks to watch out for
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Are touch-screen cellphones user-unfriendly?
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Are touch-screen cellphones user-unfriendly?Some people find the price tag nauseating and using both hands to write a simple message can be an uphill task. Smartphone war I Facts on mobile connections
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Now, US focus on white collar crime
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Now, US focus on white collar crimeFederal authorities tapped phones to help unearth insider trading ring of Galleon, Silicon Valley execs and traders. Deals by Rajaratnam I India's insider trading cases
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NRIs keen to buy properties in India
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NRIs keen to buy properties in IndiaThere chief reason for NRIs to buy property in India is the fact that they eventually would like to settle here. Under-construction properties fetch best rewards
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Tatas trim holdings in group companies
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Tatas trim holdings in group companiesIn Tata Power, the group's holding has fallen by 2.11%, while in TCS and Tata Motors it has dipped 0.76% each. Invest in commodity stocks | 8 stocks to watch out for
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75% Indian engineering students unemployable: Report
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75% Indian engineering students unemployable: ReportNasscom said Indian IT cos reject 90% of grads and 75% of engineers who apply for jobs as they aren't good enough to be trained. Best Employers: Biz & Engg students
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Gold prices close in Rs 17K per 10 gram level
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Gold prices close in Rs 17K per 10 gram levelGold prices spiked to a new high of Rs 16,900/10 gm in bullion market on strong marriage season demand. How to invest in gold | Why is India buying IMF gold?
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Checklist for signing an agreement with a builder
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Checklist for signing an agreement with a builderImportant points you need to remember when you are about to enter into an agreement with the developer. Know home loans | Joint home: Double tax saving
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Koda put in Rs 61 cr in 1 month in Mumbai bank
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Koda put in Rs 61 cr in 1 month in Mumbai bankThe ingenuity of Madhu Koda and his associates continue to surprise investigators probing what is being referred to as the Great Jharkhand Robbery.
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GM Europe head Forster may join Tata Motors: Report
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GM Europe head Forster may join Tata Motors: ReportTata is reportedly eyeing GM manager to take charge of its global sales division. The role would involve launching Tata's Nano car in Europe. New SUVs to hit Indian roads
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Cost cut helps companies post profit
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Lower input cost and higher non-operating income have helped many companies report net profits in the first half of the current year (H1FY10), which are more than what they reported for the whole of last year.
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Mkt logs first weekly gain in 3 wks
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Domestic shares climbed 0.6% on Friday and helped post their first weekly rise in three weeks, with banks leading the rebound as investors picked bargains after last month’s fall.
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MutualFunds' equity base shrinks
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While the equity asset bases of top fund houses paint a rosy picture, much of it has been due to the appreciation in value of shares rather than fresh inflow of money.
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Bonds fall on govt borrowing plan
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Government bonds fell on Friday after a senior finance ministry official said that government borrowing next fiscal year may remain high.
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FIIs buy shares worth Rs 587 cr
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Overseas investors today were net buyers of shares worth Rs 587.02 crore from the local equity markets.
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European shares close higher
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European shares closed higher on Friday for the third consecutive session after investors decided US monthly payroll data was not as bad as first feared, with banking stocks the major gainers.
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Min prefers locals for jobs in MP
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Union minister Kamal Nath said locals should be given preference in employment in Madhya Pradesh.
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J&K collects Rs 332 cr in excise
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J&K collected Rs 332 crore in excise till October this year, an increase of Rs 57 crore from the same period last year.
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'India may not achieve 9% growth'
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India may not achieve 9% growth during 11th Five Year Plan as the economic slowdown and drought would likely take their toll.
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Oil prices drop as US jobless spikes
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Oil prices tumbled Friday as official data showed unemployment hitting a fresh 26-year high in the United States, raising fresh doubts about the economic recovery and energy demand.
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Labour pangs to hold up India-EU FTA
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The fate of the India-EU trade and investment agreement-which seeks to further open up bilateral markets for goods, investments and services-may hang in balance as India and the EU lock horns over including labour standards in the pact.
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RBI may’ve sold T-bills to buy gold
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The Reserve Bank of India (RBI) may have sold US Treasuries to fund its gold purchase from the International Monetary Fund.
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Patni plans $400-m buy in 3 months
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Patni Computers CEO Jeya Kumar said its promoters and main investor are not planning to shed any stake in the company.
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Sun Micro sales fall
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Computer maker Sun Microsystems Inc suffered a 25 per cent fall in quarterly revenue, as uncertainty over its delayed sale to Oracle Corp hurt its business.
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eBay settles Skype software suit
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E-commerce giant eBay has settled its long-running legal feud with the founders of Skype, clearing the way for a $2-billion sale of the internet telephony pioneer, the company announced.
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EXL buys AmEx's travel captive
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Nasdaq-listed BPO firm EXL Service Holdings announced acquisition of American Express’ travel services captive in India for $30 million, and reported a 13.7% rise in revenues at $48.2 million during the third quarter ended September 30, 2009.
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Upgrade to Win 7, tax issues resolved
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The government has removed the anomalies in taxation of packaged software sold through physical media. Windows 7: Will it win?
| What's new in Windows 7
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UK pushes for world levy on banks
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Britain threw its weight on Saturday behind proposals to impose a global levy on banks to fund future bailouts and called on the G20 to work toward a $100 billion deal to meet the cost of climate change.
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Need to keep stimulus on: Geithner
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US Treasury Secretary Timothy Geithner said high unemployment rates show that economic recovery is still perilous and governments need to maintain stimulus as long as necessary to ensure sustained growth.
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Opel Trustee resigns, blames govt
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Manfred Wennemer resigned from his post as one of the five board members of the Opel Trust on Saturday in protest against the constant interference by politicians in Germany surrounding planned sale of Opel.
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US House to open healthcare debate
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With a close vote looming, the US House of Representatives was set to open debate on Saturday on a sweeping reform bill that would spark the biggest healthcare changes in four decades.
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Now, US focus on white collar crime
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Federal authorities tapped phones to help unearth insider trading ring of Galleon, Silicon Valley execs and traders. Deals by Rajaratnam I India's insider trading cases
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Buffett's Berkshire net income triples
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Warren Buffett's Berkshire Hathaway Inc on Friday said quarterly earnings tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit.
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Dalai Lama off to Arunachal tomorrow
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Dalai Lama returns to Delhi, a day ahead of his trip to Arunachal Pradesh.
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29 fresh cases of dengue in Delhi
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The total number of dengue patients in Delhi rises to 527.
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Koda evades arrest on upset stomach
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Doctors at Apollo hospital in Ranchi said Koda had stomach upset.
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Kar'taka CM Yeddyurappa sobs on TV
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The CM blamed dissidents for shifting focus from relief work to politics.
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Koda aide sent to 10-day ED custody
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Vikash Sinha, Madhu Koda's associate, sent to 10 days custody.
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Advani may quit early next year: RSS
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L K Advani to step down after new party president early next year.
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Essar arm’s $1 bn bond issue under RBI scanner
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The Reserve Bank of India (RBI) has put a question mark on the mega bond issue of Essar Teleholdings, a firm owned by the Ruias of Essar Group.
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Fresh PSU sale to add Rs 3.2 l cr to M-cap
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State-owned firms are expected to add around Rs 3,20,000 cr to combined M-cap of BSE. Top five stock picks | Top 5 Mid-term Picks | Top picks in the auto sector
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For first time, analysts differ on RIL's earnings growth prospects
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RIL, which can make or mar the Sensex movement with a 13% weightage, has investors on the edge with research analysts differing on opinions about earnings growth prospects.
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Stimuli finale sways Sensex to selloff club
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Markets turned nervous as the Australian Central Bank raises rates. Fresh infusion of funds to RBS & Lloyds rattles investor sentiment further.
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Is Sensex entering a corrective zone?
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Although market players are a divided lot, but a set of data points to a correction.
Top 5 picks | Mid-term picks | Views/Recommendations | Is the debt option good now?
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Depressed markets leave big cos with little room to invest
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A bunch of Indian companies are sitting on a mountain of cash as they found no investment opportunity in a world depressed by the credit crisis.
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Realty focussed PE fund raising skids 61% to $17 bn till May
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Fund raising by real estate sector focussed private equity funds have declined 61 per cent to USD 17 billion till May this year, as investors turned cautious while making new investment commitments.
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Prabhudas Lilladher has a reduce rating on Infosys
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Prabhudas Lilladher has a ‘reduce’ rating on Infosys Technologies as it feels that the outlook for the company and the software industry is quite weak in the near-term.
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Fin Crisis: Too late and too little done in US
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A crisis of $240 trillion cannot be stemmed with bailout packages of $1 to $10 trillion. 2008: Year of global financial crisis | Survive credit crisis | Ghosts of 1929
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Weak rupee takes its toll on cos with huge foreign debt
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The falling rupee will severely affect the small companies, whereas the big ones will be impacted moderately. Get rid of Debt | Adopt correct investment strategies
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Wait for more signals before turning positive
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At the recent low of 12514 points, the Sensex has tested the 12800-12000-pts support zone and has since then attempted a corrective rally.
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Six Indian cos among BusinessWeek's top 100 Infotech firms
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BusinessWeek's 'The Infotech 100', has ranked Bharti Airtel at the 21st position followed by Reddington India (55th) and RCom (66th). Successful business formula
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Bank profits to be under pressure in next 6 months
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Indian banks made over Rs 6K cr collectively from treasury operations in H1 of FY10 against only Rs 220 cr in corresponding period of FY09. Top picks | Mid-term Picks
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NSE's stock options trade fails to mirror revival
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The revival in retail investor participation in the stock market of late, amid the broad-based rebound in shares, has done little to boost trading in NSE’s stock options segment.
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Sebi working on systemic solution to investor woes
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The Securities and Exchange Board of India (Sebi) wants to find a systemic solution to address recurring complaints from investors.
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FMCG, pharma seen 'safe' as market turns weak
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Investors have turned to the safety of defensive sectors, as market sentiment has become weak. Top stock picks | Mid-term picks | Nifty may remain under pressure
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Managing data
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This refers to your edit ‘A welcome quest’ (ET, Oct 8). It is imperative to have a strong database.
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Right technology
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Apropos of ‘The climate conundrum’ (ET, Oct 9), Mukul Sanwal rightly suggests that developing countries should lead in setting the agenda for global technological cooperation.
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The same mistake
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President Obama is debating with his war council, whether to despatch another 40,000 to 50,000 additional troops to Afghanistan.
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Hike MSP for rice
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This refers to your edit ‘Importing rice’ (ET, Oct 10). It’s a great pity that while our farmers are denied some mark-up price above the MSP, we import costly rice.
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Forex inflows
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This refers to your edit ‘It’s yesterday once more ‘(ET, Oct 09). No doubt our present economic scenario requires huge funds to support economic growth, and minimise the consequences of the expected fiscal deficit of a very high order
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Condemn killings
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People’s Union for Democratic Rights, Delhi (PUDR) unequivocally condemns the gruesome killing of inspector Francis Induwar by the Maoists in Jharkhand.
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Rate cut: Will banks lend more?
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The RBI recently cut interest rates by 50 bps, primarily looking at concerns over lingering global economic slowdown and worsening domestic economic situation.
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Will Slumdog benefit Bollywood?
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Slumdog Millionaire in a curious way, reproduces a similar paradigm of colonial (now neo-colonial) extraction and dismantling, this time not of agriculture, but of culture.
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Mandatory cost audit: Do we need it?
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Recent happenings have shown that a governance structure should also support an organisation’s efforts to improve performance.
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Ban the Big Four accounting firms?
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The multinational accounting firms (MAFs) signified by the Big Four entered through alternative route of consultancy under RBI permissions and gradually exploiting the loopholes in laws, started performing audit and accounting functions.
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Do we need more stimulus packages?
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Does India need another stimulus package, or should the focus be on implementation?
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Will the new FDI norms be onerous?
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Are there still areas left unexplained in the new FDI norms?
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MJ's father seeks monthly allowance
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Michael Jackson's father is seeking money from his late son's estate to help him meet monthly living expenses estimated at more than 15,000 dollars, court papers filed in Los Angeles have revealed.
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Delhi's haze due to increased pollution
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The level of particulate matter in the atmosphere - in other words, the pollution level - has trebled in Delhi over the past few days.
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Queen's Baton goes to 2012 Olympic sites
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The Queen's Baton passed through different venues of 2012 London Olympics Games in Newham where it was given a rousing welcome by a host of former and present athletes.
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Koda's wife sacrifices 11 goats at temple
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Geeta Koda, wife of former Jharkhand CM Madhu Koda sacrificed 11 goats at a temple for her husband's well-being.
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'Avoid Vande Mataram in Ramdev's yoga'
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Islamic seminary Darul Uloom issued a directive asking Muslims to avoid a camp run by the yoga guru as it begins with the singing of Vande Mataram.
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Ajab Prem Ki Ghazab Kahani: Movie Review
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One thing you can't overlook noticing in Ajab Prem Ki Ghazab Kahani is how Rajkumar Santoshi takes liberal references from every popular prem kahani of Bollywood.
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Robert V Schipper, Executive Director, NFIA
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Netherlands Foreign Investment Agency (NFIA), a Dutch government agency, helps companies establish their business in the Netherlands. Robert V Schipper, executive director of NFIA India tells ET that he hopes the NFIA will be a key player in boosting the business ties between India and the Netherlands.
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Marcus Wallenberg, Chairman, SEB
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As the scion of the one of the world’s most influential business families - that own more than 100 companies, such as ABB, Ericsson, Electrolux, Saab and AstraZeneca - the 53-year-old Marcus Wallenberg has an unparalleled inside view of global business.
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Praveen Kadle, Head, Tata Capital
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He played a critical role when Tata Motors acquired Daewoo Motors in 2004. So, not many were surprised when group chairman Ratan Tata chose Praveen Kadle to head Tata Capital, the new financial services company of the group.
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Stephen Roach, Asia chairman, Morgan Stanley
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Morgan Stanley Asia chairman Stephen Roach sees India’s growth averaging between 7.5% and 8.5%, but cautions that it can’t afford to be complacent.
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Christpher Wood, Chief Strategist, CLSA
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Christopher Wood believes that the growth outlook for China and India is strong. Gainers: BSE ( A, B ), NSE | Losers: BSE ( A, B ), NSE | Top 5 picks | Mid-term picks
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Anand Sharma, Commerce & industry minister, Govt of India
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Commerce and industry minister Anand Sharma feels there are signs the worst may be over for India’s exports sector. Despite the improvement, the government is working on another stimulus package for exports.
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Tata Power to mop up $300 mn via FCCB issue
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The country’s largest private power utility Tata Power Company on Friday launched a bond issue to raise $300 million (around Rs 1,410 crore) to finance its operations in India and overseas.
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Heard on the street
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Even as the market remains divided about whether this is the right time to lock-in profits, the buzz is that some of the leading traders and operators have already trimmed their exposure to stocks, of late.
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Yardley's proof of Wipro's FMCG focus
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WIPRO’S latest acquisition of Yardley indicates the seriousness with which the IT major views its FMCG business.
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FIIs buy shares worth Rs 587 cr
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Overseas investors today were net buyers of shares worth Rs 587.02 crore from the local equity markets.
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IFCI rises over 2 pc on BSE
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Financial firm IFCI Ltd today rose over two per cent on the Bombay Stock Exchange, a day after reports that the government has shortlisted three firms for advising it on stake sale in the financial firm.
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Tata Power to mop up $300 mn
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The country’s largest private power utility Tata Power Company on Friday launched a bond issue to raise $300 million (around Rs 1,410 crore) to finance its operations in India and overseas.
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Yardley's proof of Wipro's FMCG focus
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WIPRO’S latest acquisition of Yardley indicates the seriousness with which the IT major views its FMCG business.
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IFCI rises over 2 pc on BSE
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Financial firm IFCI Ltd today rose over two per cent on the Bombay Stock Exchange, a day after reports that the government has shortlisted three firms for advising it on stake sale in the financial firm.
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Dolphin Offshore eyes mega deals
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The shares of Mumbai-based Dolphin Offshore have significantly outperformed the market over the past one year - logging a gain of 275% against Sensex’s 50%.
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Indiabulls hikes stake in Suzlon
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Wind energy major Suzlon disclosed that financial services major Indiabulls has hiked its stake in the company to 6.38 per cent, by way of acquisition of pledged shares.
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Tata Tele to raise $ 250 million
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Tata Teleservices (Maharashtra) Ltd, plans to raise $ 250-mn to fund its expansion plans, a top company official said.
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