New Delhi, Jan. 29 As many as six to seven companies – including global and Indian entities and PE firms – are interested in completely buying out the scam-stung Satyam Computer Services. This includes Spice Corporation, which confirmed that it had thrown its hat in the ring for a maj…

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NEW YORK (AP) — Two glaring signs that the economy remains in a deep slump sent stocks reeling Thursday. News that unemployment claims reached a record high and that new home sales hit a record low forced the major stock indexes to give back all of Wednesday’s gains, and then…

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The government has decided to make all former Satyam Computer Services top executives and board members, including the independent directors, answerable for the fraud in the company on grounds that they “attempted to enrich themselves unjustifiably at the cost of the company and its…

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New Delhi: Driven by higher prices of essential food articles, jet fuel and alcohol, inflation inched up further for the second consecutive week, to 5.64 per cent for the week ended January 17. Inflation was higher by 0.04 per cent from 5.60 per cent a week before. Food items that became …

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Washington: The US House of Representatives has passed the $819 billion mega stimulus package, which is aimed at reviving American economy that is reeling under the worst ever crisis since the great depression of last century. …

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MUMBAI: Gilt funds and income funds (medium and long term debt schemes) seem to be the flavour of the season. Financial investors are recommending them to their clients, who are lapping them up. If you look at the performance of the category in the past one year, you would understand why….

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Massive economic stimulus bill swiftly passes Dem-controlled House after prodding by Obama WASHINGTON (AP) — In a swift victory for President Barack Obama, the Democratic-controlled House approved a historically huge $819 billion stimulus bill Wednesday night with spending increas…

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Taking cue from his leader’s remark, Petroleum Minister Murli Deora squeezed in a proposal before the Cabinet for a cut in petrol prices by Rs 5 a litre, diesel by Rs 2 a litre and cooking gas LPG by Rs 25 a cylinder with effect from Wednesday night. On Tuesday, UPA chairperson Son…

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WASHINGTON (AP) — Looking beyond expected House approval of an $816 billion economic stimulus plan, President Barack Obama said Wednesday the nation is at a “perilous moment” requiring swift and decisive action. AP – President Barack Obama makes remarks on the eco…

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New Delhi: The Government said on Wednesday that Satyam Computer’s disgraced founder Ramalinga Raju created a network of about 300 companies and diverted funds from one company to another in a complex but carefully planned process. “There has been an issue of siphoning (off of…

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