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Business

Sensex ends 318 points up as markets turn stronger

Overcoming initial pressure, the Bombay Stock Exchange 30-share Sensex surged by 318 points to end at a six-month high of 11,284.63 today on revival of buying support. Initially, the market touched a low of 10,719.18 as IT bellwether Infosys
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Bad times believed to be over for UAE economy

The UAE Minister of Economy Sultan Bin Saeed Al Mansouri has said that the worst period for the United Arab Emirates economy was over and described the steps taken by the government to create a sense of stability as positive....
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Ramalinga Raju inflated sales, showed fake bank receipts: ICAI

Revealing the methods of operation in the multi-crore rupee accounting fraud at Satyam Computer, its ex-CFO Vadlamani Srinivas has told the apex accounting body ICAI that the company's sales were inflated and bank statements had been forged to justify the claim....
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India for three-fold increase in IMF equity

India pitched for tripling the International Monetary Fund's (IMF's) equity to SDR 650 billion (about USD 975 billion) to empower the multilateral funding agency to play an effective role in pulling the global economy out of the current crisis....
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Sensex down 162 pts on first session of FY 2009-10

The Bombay Stock Exchange benchmark Sensex fell by over 162 points in early trade today, beginning the new financial year (2009-10) on a negative note, on selling by funds after Asian stocks slipped into the red....
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Reliance Infrastructure Forays into IT Implementation

Reliance Infrastructure Limited (RInfra), a unit of Anil Dhirubhai Ambani Group (ADAG) with interest in the infrastructure and power utilities, has been empanelled as the Information Technology (IT) Implementation Agency with Power Finance Corporation (PFC), for implementing...
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PNB sees loan growth shrinking in next fiscal

With the financial downturn expected to stay next year as well, state-owned Punjab National Bank (PNB) today said that its credit growth could shrink to 20 per cent in FY 10....
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Sensex up 3.92 per cent on optimism over US stimulus packages

The Bombay Stock Exchange benchmark Sensex surged 3.92 per cent at midsession today touching a one-month high on optimism that the US stimulus measures would help stabilise markets and restore investor confidence....
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Tata Motors speeds 8 pc on bourses driven by Nano

Shares of Tata Motors soared as much as eight per cent on the domestic bourses in the morning trade today as the company is scheduled to launch its much-awaited and the world's least expensive car, Nano, later in the day....
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Tata''s Nano to be launched today

Tata Group Chairman Ratan Tata is all set to launch the Nano, the 4-seater, 100,000-rupee price tag super-cheap car for the masses, today. Described as ''people''s car'' by Ratan Tata, customers can expect to own a car at a price between Rs. 1.20 lakh and Rs. 1.30 lakh, depending on the version of Nano....
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