New Delhi: The government is likely to come out with sector specific packages and more tax sops in its interim budget on Monday to stimulate the contracting economy, industry body Assocham has said. External Affairs Minister Pranab Mukherjee, who is also holding the finance portfolio and…

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The suitors seeking to take over the scam-hit Satyam Computers will not be able to go through the restated financial statement or the third quarter results prior to the bidding, a senior company official said. “Obviously… (the bidders would not be able to see them as these doc…

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By Vijay L Bhambwani, CEO – BSPLindia.com : The markets ended with gains on the last day of the week as bullish overseas cues and positive market breadth marked the session. The BSE & NSE combined advance decline ratio was positive at 2250 : 1365. The rally was led by the banki…

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A 12-member Serious Fraud Investigation Office (SFIO) team today began grilling Satyam Computer’s former Chairman B Ramalinga Raju and two others at the Chanchalguda jail here in connection with the Rs 7,800-crore fraud case.The SFIO team arrived here at 1040 hrs and went to the cel…

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WASHINGTON: The recovery of American economy, currently reeling under the worst ever economic crisis after the Great Depression, would take years not months, the US President, Barack Obama has said. Adressing a meeting of top US corporate leaders, hours before the Congress finally passe…

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The Securities and Exchange Board of India has barred Shankar Sharma from dealing in securities for one-year. The order pertains to a 2001 investigation and comes into force immediately after four weeks. Sharma indulged in fictitious trading, did not cooperate with Sebi, and indulged in c…

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BHUBANESWAR: Within hours of the interim railway budget, in which railway minister Lalu Prasad gloated over the “improved” safety record of the network, twelve coaches of Coromandel Express, running between Howrah and Chennai have derailed near Jajpur in Orissa. …

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New Delhi: The Interim Rail Budget, which will be presented on Friday, will not have many new projects, Railway Minister Lalu Prasad has said. “This is a vote-on-account. So not many new projects could be taken up,” Prasad told reporters here while giving finishing touches to the bud…

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COLUMBUS, Ohio (AP) — Oil prices slid closer to a new multiyear low Thursday because of growing doubts that the $789 billion stimulus package will reinvigorate the economy and demand for energy. Retail gas prices, meanwhile, reached a new high for 2009 on Thursday …

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MUMBAI: Much beyond what benchmarks can reveal, fifty-one sectors, out of a broader group of 66 industrial sectors, have got devalued over the past 13 months, well below their narrowly-represented market indicators. While the collective valuation of BSE companies declined over 58% durin…

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