AIG adopts exec compensation, bonus restrictions, CEO Liddy gets $1 annual salary for 2 years CHARLOTTE, N.C. (AP) — American International Group Inc. said Tuesday it is limiting how much it pays its top executives, including granting a $1 salary for this year and the same for 2009…

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The Sensex opened with significant positive gap of 258 points at 9,161 on the back of positive cues from the US markets. The index soon touched a high of 9,183, and thereafter pared gains as the day progressed. Significant weakness in select energy, realty and banking stocks dragged the …

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KS Oils today said it has acquired an edible oil refinery of Ambo Agro Products for about Rs 125 crore, following which its scrip surged over seven per cent.In a filing to the Bombay Stock Exchange (BSE), KS Oils said it would fund the acquisition of the edible oil refinery in Haldia Port…

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Hyderabad-based infrastructure company IVRCL Infrastructure and Projects Limited (IVRCL) bagged orders worth Rs 529.7 cr including an engineering, procurement and construction contract valued at Rs 253.81 cr from the Hyderabad Metropolitan Water Supply and Sewerage Board, Hyderabad. The p…

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Titan Industries has plans to open 300 retail stores for its ‘Titan Eye’ in the next three years across the country, a senior company official said today. The company would add another 20 exclusive optical showrooms in the current fiscal, Titan Industries Integrated Retai…

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NEW DELHI: Battered Indian shares would be among the first to recover from the global financial crisis and not all foreign investors are exiting, the capital market regulator said on Saturday. Only leveraged investors are leaving the country but long-term players such as pension funds c…

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MUMBAI – Equities are likely to continue its upward momentum in the forthcoming week with the F&O expiry underway, which will trigger short covering. But the broad outlook for the market remains downbeat with the global economic gloom and a slowing domestic growth weighing on s…

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NEW YORK: Citigroup shares tmbled a fifth straight day as CEO Vikram Pandit tried to downplay speculation that the banking giant might sell major businesses to restore its health and investor confidence. The company’s market value fell to $20.5 billion on Friday, which is less than …

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Dabur India has acquired 72.15% of Fem Care Pharma Ltd (FCPL), a leading player in the women`s skin care products market, for Rs2.03bn in an all-cash deal. Dabur India Ltd has announced the acquisition of 72.15% of Fem Care Pharma Ltd (FCPL), a leading player in the women’s skin car…

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Reliance Communication has gone up by 14% to Rs207. The scrip has touched intra-day high of Rs208 and low of Rs178.75 and has recorded volume of over 4633681 shares on BSE. …

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