WASHINGTON: As the global economy deteriorates sharply, the World Bank has projected a slower 4 per cent growth for India in 2009, down from 5.5 per cent in 2008, before picking up speed to reach 7 per cent in 2010. …

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MUMBAI: Indian benchmark indices witnessed some profit booking in the last hour of trade Tuesday but still ended with smart gains. Meanwhile, broader markets rose steadily during the day and outperformed the benchmarks. …

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MUMBAI: Aditya Birla Nuvo Ltd on Tuesday said that it has acquired over 3.5 million equity shares in its subsidiary Birla Sun Life Distribution Co (BSDL). The shares were acquired from Canada-based Sun Life (India) Distribution Investments Inc. …

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NEW DELHI: Merchant bankers have been hit hard by the fall in activities in the Initial Public Offering market, coupled with the downslide in the domestic bourses in 2008, with their fees plunging 70 per cent in a year. …

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Hem Securities has recommended a buy rating on Aban Offshore with a price target of Rs 484 in its March 28, 2009 research report. “Aban Offshore Ltd., has two business segments: Offshore Oil Drilling and Production services, and Wind Power generation. …

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Sharekhan has maintained its buy rating on Lupin with a price target of Rs 840 in its March 27, 2009 research report. “Lupin has acquired a majority stake in Multicare Pharmaceuticals Philippines, Inc (MC) in the Philippines. MC reported revenues of Php 272 million peso (USD 5.6 mil…

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The rally in the stock market has added a whopping Rs 2.51 trillion to investors’ wealth last week, accounting for over one-third of the total Rs 7 trillion gains made by investors since October when the Sensex had plunged below 8,000 levels.The total investors’ wealth, measur…

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NEW YORK: Indian shares listed on American bourses saw their total market capitalisation swelling by a whopping nearly $10 billion so far this month, with IT major Wipro accounting for about a fourth of the total gains. …

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The first semifinal of the 37-day tournament will be played in Centurion, Pretoria May 22. Wanderers, Johannesburg will host the second semifinal May 23 and also the final and the closing ceremony May 24. …

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MUMBAI: UTV Software Communications Ltd on Friday said the Walt Disney Company South East Asia will buy 10 percent more in UTV Global Broadcasting Ltd for 329.7 mn rupees. …

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