CANNES(FRANCE): Nouriel Roubini , the economist who correctly predicted the global financial crisis, warned on Thursday that some advanced economies could experience a double dip recession if the price of oil climbs to $140 a barrel. “It the turmoil in the Middle East becomes much …

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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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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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THE son of Libyan leader Muammar Gaddafi has warned his country is on the verge of civil war after protesters seized control of military bases and tanks. But while he admitted mistakes had been made in a brutal crackdown by his father’s regime, Seif al-Islam Gaddafi said there woul…

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ICE Brent crude futures climbed above $105/barrel Monday as the deepening political unrest in Libya began to affect the country’s oil production, up $2.36/b from Friday’s close. US light crude futures on NYMEX surged by $3.30/b to $89.50/b. Prices subsequently dropped back, w…

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British firm to buy 30% in RIL’s oil & gas fields, investment may touch $20 bn. In the biggest foreign direct investment (FDI) into India, BP, the world’s fourth-largest energy company, will pay $7.2 billion for a 30 per cent stake in 23 oil and gas blocks of Reliance Industries…

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The government has bowed to opposition demands for a Joint Parliamentary Committee (JPC) investigation into a major telecom corruption scandal, lawmakers said on Sunday, in a move to end months of deadlock and ensure passage of the upcoming Budget. Prime Minister Manmohan Singh is accuse…

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