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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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: Anil Ambani Group firm Reliance Power today bagged its third 4,000 MW Ultra Mega Power Project, at Tilaiya, in Jharkhand. “Reliance Power has bagged the 4,000-MW Ultra Mega Power Project at Tilaiya in Jharkhand,” a source said. The Reliance bid for the project was R…

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Mumbai: National Thermal Power Corporation (NTPC) Ltd, the state-owned power generation company, has marked a capital expenditure of Rs 18,000 crore for capacity augmentation and mining operations next fiscal. The company plans to hike its capacity by 2,800 mw and start mining activities …

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MUMBAI: A recent equities report by stock brokerage Prabhudas Lilladher has picked eleven companies where promoters have raised money by pledging shares. As per the poll, the management of KEI Industries (currently trading 0.4% higher at Rs 10.72 ), Nagarjuna Construction (up 6.2% at Rs 5…

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Hit by slump in steel demand and the consequent fall in prices, the country’s largest steel producer SAIL on Tuesday reported a 56 per cent decline in its net profit to Rs 843 crore for the third quarter ended December. The state-run entity had a net profit of Rs 1,934.66 crore in …

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