WASHINGTON: The International Monetary Fund on Wednesday projected stronger growth in the global economy in 2010, but said recovery from the worst recession since World War II would be sluggish. The IMF raised its 2010 global growth forecast to 2.5 percent, an improvement of 0.6 point fr…

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NEW YORK: Seven Indian companies, including oil major Indian Oil Corporation and Mukesh Ambani-led Reliance Industries, have made the cut in the India Inc Top 10 challenges for India Best cos to work for ’09 Top 10 valuable brands 10 most admired cos list of world’s 500 …

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The Ambani vs Ambani battle over the supply of KG basin gas has put some corporates in a spot of bother. Companies like GVK, GMR, Tata Power and Torrent have sought government intervention to ensure that the Bombay High Court judgement in the RIL-RNRL gas dispute does not affect their gas…

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Finance Minister Pranab Mukherjee on Tuesday said the government has taken the calculated risk of high fiscal deficit to help stimulate growth, but would strive hard to bring it down to 4 per cent in the next two fiscals. Noting that a fiscal deficit of 6.8 per cent was on the higher sid…

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“I had at the start of my speech said ‘One budget speech won’t address all the problems [that the economy faces],” Mukherjee said. Commenting on the stock market’s negative reaction to the Union Budget, Finance Minister Pranab Mukherjee has said the market may have expected too…

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NEW DELHI: Promising to halve poverty by 2014 and add 12 million jobs each year, Finance Minister Pranab Mukherjee presented India’s budget for Budget this fiscal that hikes income tax exemption limit and steps up allocations for welfare schemes and infrastructure, while assuring hi…

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Railway Minister Mamata Banerjee announced a slew of measures, including the development of fifty world class stations and introducing double decker AC trains for inter-city travel, and left train fares and freights rates unchaged in the Railway Budet for 2009-10. She also announced a hos…

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MindTree Ltd, a global IT Solutions Company, announced today that it has achieved Microsoft Service Ready Partner status. Through the partnership, MindTree is able to leverage field-tested engagement tools, templates, guidelines and best practices developed by Microsoft Services for use i…

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WASHINGTON: US employers cut 467,000 jobs in June, far more than expected, while the unemployment rate rose to 9.5 percent, on Thursday in a report that showed a labor market continuing to struggle with a deep recession. The June job losses were more than 100,000 greater than the 363,000…

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NEW DELHI: Government has hiked the petrol prices by Rs 4 per litre and diesel by Rs 2 per litre to cut losses of oil companies in view of rising global oil rates. Petroleum Minister Murli Deora discussed the necessity of raising fuel prices with party leaders and he is also reported to …

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