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Top news
Bangalore: Despite the grappling impact of the global meltdown, Indian firms are in a more favorable position as against other countries like the U.S.
The World Bank Group committed $6.6 billion in fiscal year ended June 30 to South Asia, where India is the largest borrower, much of it focused on helping the countries there cope with the impact of the global economic crisis.
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Technology
World Bank is officially approached by Tech Mahindra, to lift the eight year ban on the scam-hit IT services firm Satyam.
A new satellite designed to allow the convergence of cellphones and satellite phones throughout the US was successfully launched Thursday, mobile communications provider TerreStar announced.
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Fly New York-Delhi for just USD 1014.All inclusive.Book now |
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Finance
Housing Development Finance Corporation (HDFC) finished among the top gainers in the markets at the close of trade, after its stock price went up by almost eight percent.
On Thursday, the markets witnessed an unusual trend when the prices of nearly 80 stocks listed on Bombay Stock Exchange (BSE) were altered by almost 20 percent.
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Business
The "dream budget" that people are expecting is unlikely to materialise, says the research arm of global rating agency Moody's.
The government Thursday approved payment of $239.93 million to the South Asian University, which is scheduled to begin functioning in the national capital from 2010.
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