Hyderabad: The government-appointed board of the fraud-hit Satyam Computer Services is said to have finalised terms to accomodatea strategic investor. Though no details were revealed, Deepak Parekh, director, said in a statement, “The board on Saturday approved the process to be fol…

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Breaking all previous records, gold prices today surged to a new peak at Rs 16,349 per 10 gram in futures trade, as traders increased their exposure in the precious metal following melting stock and forex markets.The metal, which had been on a record-setting spree for the last one week, s…

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The Dow opened Friday at six-year closing low and down 47% from its all-time high. Following the path of international markets, the index declined early Friday, trading as low as 7328 before rebounding a bit; in recent trading, the Dow was down 1% at 7395. With the November closing and i…

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MUMBAI: The rupee fell on Friday to end the week down 2 percent against the dollar, its worst performance in nearly two months, as a grim global economic outlook triggered concerns of capital outflows from local shares. The partially convertible rupee ended at 49.72/74 per dollar on Frida…

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Mumbai: The scale as well as speed of debt accumulation of the government is mind-boggling. Before the current fiscal runs out, the Centre would have contracted public debt at the rate of Rs 591 crore per day. This will gallop to a daily rate of Rs 746 crore during 2009-10, going by the p…

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New Delhi: Bharat Heavy Electricals Ltd (BHEL) may soon enter into a joint venture with the General Electric (GE) Company to make 1,000 locomotive engines for the Indian Railways. BHEL will have a minority stake of 23%, with GE being the majority partner with 51% equity stake. …

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Normal operations, including payment and settlement activities in the Reserve Bank of India (RBI), are likely to be affected tomorrow with its employee unions going on one-day strike to press their demands on pension. Unions are going on a ‘mass casual leave’ demanding the re…

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Islamabad: The US has not paid Pakistan a penny for the last nine months for rendering its military services to fight the Taliban and Al Qaeda in the restive tribal areas bordering Afghanistan, a Pakistani official said Thursday. …

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Private Equity firm 3i is on the verge of closing $100 million deal in the unlisted infrastructure company.This was revealed by company’s Asia Head while speaking with media persons on the sidelines of Private Equity conference in the city. “It would be a stake in an unliste…

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MUMBAI: Interest sensitive stocks surged on Thursday, on expectation of a cut in interest rates . The buzz in the market is that the Reserve Bank of India will announce a 50 basis points cut in lending rates towards the end of the week. …

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