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Swapnil Suvarna 29 December 2009
Market to remain volatile till expiry of December contracts on Thursday Stock market indices ended marginally higher on Tuesday after hitting 19-month highs during the day, but shed most of their gains towards the close of trading. The BSE Sensex ended 41 points higher at 17,402 while the NSE...

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Ravi Samalad 29 December 2009
Roche has claimed that its Tamiflu dramatically reduced hospital admissions as well as bronchitis and pneumonia. But a recent investigation by the British Medical Journal and UK’s TV Channel 4 has concluded that such claims are meritless Public Citizen, a US-based non-profit consumer advocacy...

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After a nationwide audit, a national auditor has said that Chinese officials stole or misused a staggering $34.40 billion this year State company czars and other top officials in China have been found to have indulged in luxuries like buying fancy cars and other consumer durables at state...

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During the year, the high-voltage legal battle between the Ambani brothers over the gas dispute dominated the proceedings in the Supreme Court The year 2009 saw a high-voltage legal battle between the Ambani brothers over the gas dispute reaching the Supreme Court, with a judge withdrawing...

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Pallabika Ganguly 29 December 2009
The producers and distributors of ‘3 Idiots’, which collected over Rs100 crore in just four days from its opening, are going to add 12 more prints in the US by Friday and may even add six-seven more prints in India as well Following the overwhelming response for the film ‘3 Idiots’ across the...

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R Ravimohan, who was handling the proposed acquisition of global petrochemical major LyondellBasell Industries, was rushed to hospital after he suffered a cardiac arrest while taking a walk outside his office Reliance Industries Ltd's (RIL) executive director R Ravimohan died on Monday night...

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In line with the pickup in business growth, tyre companies are likely to make significant increases in their capex plans in 2010-11, to expand capacity and meet product demand A healthy pickup in demand from the auto sector in the face of a visible economic recovery is likely to help the...

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SCI plans to purchase three new container vessels along with its existing joint venture partner Mediterranean Shipping Company State-run Shipping Corporation of India (SCI) plans to acquire three new container ships in the New Year, and has set aside $200 million-$225 million to fund these...

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Almost 41% of the companies use healthcare cover as a talent attraction and retention tool, while 11% use it to minimise losses arising out of employee health issues Despite a hike in health premium costs, over 40% of Indian companies consider healthcare cover as a value differentiator for...

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Ravi Samalad 28 December 2009
The legendary toy brand Meccano has entered into an agreement with My Baby Excels to market its product in India Aspiring engineering kids can now take a few lessons at home soon. My Baby Excels has entered into an agreement with Nut and Bolts to sell its iconic brand Meccano in...

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Amritha Pillay 28 December 2009
WorldSpace subscribers from India are shocked that the music offered by the satellite radio service will go out of their lives. A number of music buffs want the services to be revived – they are not clamouring for refunds. Most Indian subscribers are not agitated, but rather aggrieved that...

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Amritha Pillay 28 December 2009
It has been a fortnight since Osian Art Fund has promised the first part-payment, but around 85 investors are still waiting for the same About 15 days back, Osian Art Fund sent a mail to its investors saying that it had started the process of redeeming their capital and all unit-holders would...

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Amritha Pillay 28 December 2009
It has been a fortnight since Osian Art Fund has promised the first part-payment, but around 85 investors are still waiting for the same About 15 days back, Osian Art Fund sent a mail to its investors saying that it had started the process of redeeming their capital and all unit-holders would...

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Pallabika Ganguly 28 December 2009
Most real-estate developers are converting their commercial ventures like IT parks and SEZs into residential projects The real-estate market is witnessing a new trend. Most information technology parks and commercial office projects are now being converted into residential projects, as most...

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Indage Vintners has been staring at financial losses for a long time and is not able to pay its suppliers and service providers. Now, CRP, its supplier of ‘bag in box’ packaging, has issued a warning to other suppliers not to have any dealings with Indage. Complaints from investors and...

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Developers cited reasons like demand slump, fund shortages and land acquisition problems as the reasons for seeking de-notification of SEZs and for the delay in projects The mad rush to set up special economic zones (SEZs) that house export-oriented manufacturing units three years ago turned...

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Our occasional articles in this section bring you essential truths about the markets When you buy a call option of Tisco, you are buying a financial instrument that has been in use for centuries (of a company that is 90 years old), a product that, in some form or the other, has been used by...

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The proposed change should be welcomed by all shareholders, as this kind of a legislation will ensure equitable treatment Market regulator the Securities and Exchange Board of India (SEBI) seems to be waking up to the idea of complete takeovers. The thought here is that anyone making an open...

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Hackers use their best schemes during holidays to steal people's money, credit card or net-banking information. Following seasonal trends, these thieves create holiday-related websites and other convincing emails that can trick even the most cautious Internet user Shopping online for a New...

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While any changes are expected to take effect from the next fiscal only, the SEBI committee is said to be seriously looking at increasing the open offer size from 20% to as high as 100% Corporate acquisitions in India could become costlier with market regulator, the Securities and Exchange...

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