The board of tainted IT firm Satyam Computer Services will announce the winning bid on April 13. The technicalities will be evaluated by April 9, and the final winner will be announced on April 13, said Deepak Parekh, member of the board. …

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Hyderabad: The multi-pronged investigation into the Satyam scam seems to be coming to an end with the Sebi team, along with the Central Bureau of Investigation, also said to have readied a preliminary report on the fraud. The three-member team’s report is likely to be submitted to t…

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World stock markets lost steam on Friday, as the previous day’s rally — helped by world leaders’ pledge to help world economies with new funds — gave way to caution ahead of a crucial U.S. jobs report later in the day. …

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Technology giant IBM is close to a deal to buy Sun Microsystems for about $7 billion, says a media report. According to the Wall Street Journal, International Business Machines and Sun Microsystems are in the final stages of negotiations to combine the two computer firms. …

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Washington: The initial claims for unemployment benefits in the US soared to 6,69,000 for the week ended March 28, reportedly the highest in 26 years, as recession continued to grip the world’s largest economy. For the week ended March 28, the claims for unemployment benefits …

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The mutual fund industry witnessed a drop of nearly Rs 8,000 crore in its assets in March, plunging below the Rs 5,00,000-crore mark, even as 12 fund houses, including HDFC MF, saw an addition to their kitty. …

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New Delhi: Billionaire Mukesh Ambani-run Reliance Industries has begun natural gas production from its deep-sea Krishna Godavari basin fields, a history-making feat that will help India save USD 9 billion in oil imports a year. …

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MUMBAI: Indian equity benchmarks have shown impressive run in the past few weeks and traders have started eyeing 4000 levels on the Nifty. However, Shrikant S. Chouhan, vice president -technical research, Kotak Securities, advises caution if Nifty breaks 3400. …

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MUMBAI: Nifty has been in an upmove for the past two weeks and Thursday it crossed the strong resistance of 3200. According to Sudhanshu Pandey, technical analyst at LKP Shares, the 50-share NSE index is likely to break out and touch 3450-3650 in next two months. …

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MUMBAI: Indian markets rallied on Thursday as investors aggressively bought realty, banks and metal stocks. Sentiments in the global markets were upbeat after US housing data showed some positive surprise. …

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