By Caren Bohan and Thomas Ferraro WASHINGTON (Reuters) – President Barack Obama urged skeptical Republicans to back his $825 billion economic stimulus package on Tuesday during a visit to the Congress on Capitol Hill. Shortly before Obama arrived, House Minority Leader John Boehne…

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Mumbai: Hanung Toys and Textiles Ltd has informed the BSE that the company has setup a marketing office in New York, US through its subsidiary Abhinav International Inc. …

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In line with our expectations, Dish TV reported strong Q3FY09 performance with its topline growing at 72% y-o-y and 11% q-o-q. The company added 0.79mn subscribers during the quarter, taking the net subscriber base to 4.2mn. ARPUs for the quarter decreased from Rs151 during the last quart…

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Share Khan: Ranbaxy Laboratories (Ranbaxy) has delivered a disappointing performance in Q4CY2008 and CY2008. The Q4CY2008 performance has been impacted due to a higher-than-anticipated foreign exchange (forex) translation loss of Rs553 crore (as compared to our estimates of Rs212 crore), …

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The stock ended 18.16% higher at Rs 28.95 yesterday, 27 January 2008. Meanwhile, the BSE Sensex was up 166.75 points, or 1.85%, to 9170.83 On BSE, 8.18 lakh shares were traded in the counter. The stock hit a high of Rs 33.45 and a low of Rs 30.05 so far during the day. …

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Chicago: The deepening global economic recession claimed over 70,000 jobs in a single day, with six companies, ranging from manufacturing to telecom across the US and Europe, announcing job cuts as part of a cost cutting measures to grapple with the slump in consumer spending. With the bl…

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Thimphu: India’s infrastructure and construction firm Maytas Infra, promoted by the family of Satyam Computers’ founder B Ramalinga Raju, may bag the construction rights of Bhutan’s Dagachu Hydropower Plant as it emerged as the lowest bidder for the project. …

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ICICI Bank is to announce its Q3FY09 numbers. According to CNBC-TV18 estimates, its Q3 net profit is seen going down by 11.56% to Rs 1,088.1 crore from Rs 1,230.3 crore, YoY. Net interest income, NII is expected to go up by 7.25% to Rs 2,101.81 crore from Rs 1,959.7 crore. …

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New Delhi: Bank statements show that Satyam had funds of over Rs 5,000 crore as of September 2008, but by January 2009 when company founder Ramalinga Raju admitted to fudging accounts the IT firm could have been left with just Rs 200 crore of maturable fixed deposits. …

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NEW DELHI: The Life Insurance Corporation is all set to pump in an additional over Rs 4,000 crore (about one billion dollar) in the equity market by March 2009, a move that could bolster the volatile bourses. “We have made investment of Rs 31,000 crore till December and it may cross…

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