TOKYO – Japan was struck by a magnitude 7.9 earthquake off its northeastern coast Friday, shaking buildings in Tokyo for several minutes and prompting a tsunami warning. Japan’s meteorological agency warned that a tsunami as high as 20 feet (6 metres) could strike the coast n…

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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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New Delhi/Chennai: After a three-day tense drama that triggered a major crisis for Prime Minister Manmohan Singh, Tamil Nadu’s ruling DMK Tuesday finally allowed the Congress to contest 63 of the 234 seats in next month’s Assembly elections. After suddenly ending seven years …

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Alex Kennedy, Associated Press, On Monday March 7, 2011, 3:49 am EST SINGAPORE (AP) — Oil prices rose above $106 a barrel Monday in Asia as intense fighting between Libyan government forces and rebels raised the prospect of a prolonged cut in crude exports from the OPEC nation. Be…

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The Sage of Omaha has finally arrived in India, just two days after the finance minister reaffirmed the government’s commitment to further liberalise the insurance sector. Berkshire Hathaway, owned by Warren Buffett, one of the world’s most successful investors, will distribute gener…

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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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Shares of IT and BPO company MphasiS plummeted by nearly 27% in early trade on the BSE today, hit by a sharp dip in net profit for the quarter ended January 31, 2011. Yesterday, MphasiS posted a 15.5% decline in consolidated net profit to Rs 226.67 crore for the November-January quarter,…

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Seven months after pulling out of the race for Singapore’s Parkway, Fortis Healthcare, India’s second-largest hospital chain, on Thursday announced its first venture in the city-state, with a S$33-million (about Rs 118 crore) acquisition of an under-construction specialised cancer hos…

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Food price index rose 11.49% and the fuel price index climbed 12.14% in the year to February 12, government data on Thursday showed. In the previous week, annual food and fuel inflation stood at 11.05% and 11.92%. The primary articles price index was up 15.77% in the latest week, compar…

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The Sensex shed 118 points to close at 18,178. The Nifty also ended lower at 5,437 down 32 points following a drop in global stocks from the recent 30-month highs as the Libyan political turmoil sent oil prices soaring to 2 1/2 year highs, and raising concerns of a disturbance in the glob…

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