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HCL Tech offers £441 m for UK’s Axon, tops Infosys’ bid
It’s 8.3% higher than Infosys’ offer of £407 m. New Delhi, Sept. 26 HCL Technologies on Friday announced a cash offer of 650 pence a share for the UK-based SAP consulting company Axon Group valuing it at £441.1 million, ...
Sensex sheds 440 pts on bailout blues
Nifty closes below 4000. Mumbai, Sept. 26 Domestic stocks plunged on Friday, this time with news of the US Government’s $700-billion bail out plan for the troubled financial institutions being stalled and the failure of another US bank, ...
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Dr C. Pratap Reddy, Chair...
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How to weather the global financial storm
Experts suggest shunning real estate instruments. A sense of sinking has suddenly gripped the local market as the Wall Street financial market crisis increasingly appeared an all-encompassing bottomless pit. According to Mr Ramdeo Agarwal of ...
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Deutsche Bank picking up stake in BPL
Bangalore, Sept. 26 Deutsche Bank AG will take equity stake in BPL Ltd with the company’s board approving a proposal to make preferential issue of 24,25,500 equity shares and/or convertible securities to the bank or its nominees ...
Forex reserves see $2.51-b spike
Mumbai, Sept. 26 The foreign exchange reserves increased by $2.51 billion to touch $291.972 billion for the week ended September 19, according to figures released by the Reserve Bank of India’s Weekly ...
Advertisers all keyed up on Champions League T20
‘FINANCIAL TURMOIL HAS LITTLE IMPACT’. Mumbai Sept. 26 The recent turmoil in global financial markets does not appear to have queered the pitch for advertisers to pitch in their lot for the Champions League T20 event that will kick ...
Nestle to invest Rs 600 crore in India next year
New Delhi, Sept. 26 Nestle India Ltd unveiled its capital expenditure of Rs 600 crore in 2009, which is double the Rs 300 crore that it is investing in the current ...
Hold on, Infosys asks Axon shareholders
Bangalore, Sept 26 Taking note of HCL Technologies’ counter bid, Infosys Technologies Ltd urged Axon shareholders not to take action at this ...
LIC to get reasonable time to shed excess stake
IRDA not for forced sale of equity above 10% cap in companies. New Delhi, Sept. 26 The Insurance Regulatory and Development Authority (IRDA) on Friday said that it intends to give “reasonable time” to Life Insurance Corporation ...
‘Standalone SMEs might find the going tough’
SBI to centralise SME loan processes, hasten turnaround time. Coimbatore, Sept. 26 The Small and Medium Enterprises (SMEs) segment is witnessing a paradigm shift with two clear models emerging and SMEs functioning on a stand-alone basis would ...
FIIs continue to press selling button
Morgan Stanley, Goldman Sachs, Merrill Lynch offload. Mumbai, Sept. 26 FIIs continued to sell Indian equities this week as well, net sales by them clocking Rs 2,974 crore during this ...
‘Singur keeping American investors away from Bengal’
Concerned that signed agreements may be discarded. Kolkata, Sept. 26 The US Consul General, Ms Beth Payne, on Friday said that American investors were shying away from investing in West Bengal because of the ...
Monsoon set to withdraw from Northwest
Thiruvananthapuram, Sept 26 India Meteorological Department (IMD) has assessed that conditions are just about becoming ideal for monsoon to start withdrawing from parts of Northwest ...
Markets this Week(Latest Audio:English/Tamil)
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