Archive for the ‘Business’ Category
India, China take over 50 pct of S.Africa Feb coal

India, China take over 50 pct of S.Africa Feb coal

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India and China together took 2.4 million tonnes – more than 50 percent of South Africa’s 4.9 million tonnes of coal exports in February, a record proportion, exporters said.  Read More →

Wall Street opens higher as M&A heats up

Wall Street opens higher as M&A heats up

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Wall Street rose at the open on Wednesday as a slew of new corporate deals and a surge in bailed out U.S. financial stocks boosted investor sentiment. The Dow Jones industrial average was up 16.71 points, or 0.16 percent, at 10,581.09. The Standard & Poor’s 500 Index gained 2.45 points, or 0.21 percent, at 1,142.90. The... 

Fame shares jump after Reliance Media counter bid

Fame shares jump after Reliance Media counter bid

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Shares in Fame India opened up 4.98 percent to 86.45 rupees, hitting its upper circuit, on Monday after Reliance MediaWorks said it has made an offer to acquire 62.08 percent in it at 83.4 rupees a share, countering a bid by rival Inox Leisure.  Read More →

Obama sets up Commission on debt reduction

Obama sets up Commission on debt reduction

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Lalit K Jha Washington, Feb 18 (PTI) US President Barack Obama today established a bipartisan commission to recommend steps to reduce the country’’s record debt and deficits that threaten to “hobble our economy”.  Read More →

Mittal plays down dispute between Econet, Zain

Mittal plays down dispute between Econet, Zain

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Bharti Airtel chief Sunil Mittal today said Airtel was not bothered about the efforts of Econet, a minority shareholder of African mobile operator Zain, to block sale of that company’s Nigerian assets to it.  Read More →

Large inflows may help rupee rise – adviser

Large inflows may help rupee rise – adviser

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Despite a significant current account shortfall the rupee may rise on the back of large capital inflows, the prime minister’s economic advisory panel chairman said on Tuesday.  Read More →

Tata Steel posts consolidated profit, beats forecast

Tata Steel posts consolidated profit, beats forecast

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Tata Steel Ltd, the world’s No. 8 steel maker, posted a 42 percent fall in consolidated quarterly profit as operations of European unit Corus and lower prices weighed, but beat market expectations. Tata Steel reported a net profit of 4.72 billion rupees ($101.9 million) in its fiscal third quarter ended December, compared... 

Amrutanjan Health to seek shareholders”nod for buy-back

Amrutanjan Health to seek shareholders”nod for buy-back

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Mumbai, Feb 15 (PTI) Healthcare products maker Amrutanjan Health Care Ltd today said it would seek shareholders” consent for buying back over 7.57 lakh equity shares of Rs 10 each at a price not exceeding Rs 550 per piece.  Read More →

‘Idle minds have time to speculate as real progress is so tardy’

‘Idle minds have time to speculate as real progress is so tardy’

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Negotiators from nearly every World Trade Organization member nation will be in Geneva during the next six weeks, including high-level representatives from India, hoping to thrash out a multilateral agreement aimed at breaking down trade barriers.  Read More →

Abu Dhabi bank posts over $415 mn profit

Abu Dhabi bank posts over $415 mn profit

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Abu Dhabi, Feb 15 (IANS) The Abu Dhabi Islamic Bank (ADIB) has announced an operating profit of 1,527 million UAE dirhams (about $415 million) for the 2009 financial year, WAM news agency reported.  Read More →

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Obama sets up Commission on debt reduction

Lalit K Jha Washington, Feb 18 (PTI) US President Barack Obama today established a bipartisan commission to recommend steps to reduce the country''s record debt and deficits...

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London, February 18 (ANI): A website has put together a collection of the world's fattiest recipes for hard-core fast food fans. Thisiswhyyou'refat.com showcases a selection...

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