Bhubaneswar: Simmering discontent among suspended workers of a private steel factory in Orissa’s Bolangir district took a nasty turn today when some of them burnt alive a 60-year-old deputy general manager of the company. Radheshyam Ray, DGM (Operations) of Graphite India Ltd’s P…

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If you’ve got a working Gmail account, you might want to back it up every so often — as many as 500,000 Gmail users lost access to their inboxes this morn, and some of them are reporting (via Twitter and support forums) that years worth of messages, attachments and Google Chat…

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The Sage of Omaha has finally arrived in India, just two days after the finance minister reaffirmed the government’s commitment to further liberalise the insurance sector. Berkshire Hathaway, owned by Warren Buffett, one of the world’s most successful investors, will distribute gener…

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Matthew Craft and David K. Randall, AP Business Writers, On Tuesday March 1, 2011, 5:46 pm EST NEW YORK (AP) — Stocks suffered steep losses as oil prices surged on Tuesday, renewing worries that higher fuel prices could hobble the economic recovery. Oil rose $2.66 to settle at $99…

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Markets to remain closed on Wednesday (02-03-11) on account of Mahashivratri …

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Revenue loss from direct taxes at Rs 11,500 cr, Revenue gain from indirect taxes at Rs 11,300 cr Service tax to boost revenue by Rs 4,000 cr AC restaurants serving liquor to pay service tax Legal representation for businesses under service tax Service tax on hotel accomodation abo…

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Sectoral regulator the Securities and Exchange Board of India (Sebi) today barred six market intermediaries from trading in securities for allegedly carrying out manipulations in various IPO issues and also slapped a penalty of Rs 36.09 crore. “Roopalben N Panchal, Devangi Panchal,…

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Shares of IT and BPO company MphasiS plummeted by nearly 27% in early trade on the BSE today, hit by a sharp dip in net profit for the quarter ended January 31, 2011. Yesterday, MphasiS posted a 15.5% decline in consolidated net profit to Rs 226.67 crore for the November-January quarter,…

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Seven months after pulling out of the race for Singapore’s Parkway, Fortis Healthcare, India’s second-largest hospital chain, on Thursday announced its first venture in the city-state, with a S$33-million (about Rs 118 crore) acquisition of an under-construction specialised cancer hos…

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Food price index rose 11.49% and the fuel price index climbed 12.14% in the year to February 12, government data on Thursday showed. In the previous week, annual food and fuel inflation stood at 11.05% and 11.92%. The primary articles price index was up 15.77% in the latest week, compar…

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