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ICC suspends Pak tainted trio provisionally
In an unprecedented crackdown to restore the game's credibility, ICC today charged and suspended Pakistan's tainted trio of Salman Butt, Mohammad Asif and Mohammad Aamer under its anti-corruption code in the wake of the spot-fixing scandal.
Fri, 03 Sep 2010 05:25:25 GMT
Funskool eyes Rs 80 cr turnover
Leading toy manufacturer Funskool, a part of the MRF group, is upbeat on the Indian toy story and plans a slew of launches over the next two-months, a top company official said.
Fri, 03 Sep 2010 05:02:00 GMT
Heavy in dollars, China warns of depreciation
China on Friday offered a rare glimpse into its foreign exchange reserves, confirming that they are overwhelmingly allocated in dollars, while a central banker said the mountain of cash could face depreciation risks.
Fri, 03 Sep 2010 04:58:00 GMT
Suzlon wins 30 Mw order from Altrade
Indian wind turbine maker Suzlon Energy said on Friday it had won a 30 megawatt order from Altrade Group.
Fri, 03 Sep 2010 04:49:44 GMT
No concern on capital inflows: RBI
There is no concern on capital flows into India as of now, KC Chakrabarty, deputy governor at the Reserve Bank of India, said on Friday.
Fri, 03 Sep 2010 04:46:53 GMT
China approached Canadian fund on rival Potash bid
Chinese and other investors have approached at least one big Canadian pension manager about a bid for Canada's Potash Corp to rival BHP Billiton's $39 billion hostile offer.
Fri, 03 Sep 2010 04:23:15 GMT
Rupee near 2-week high on weak dollar overseas
The rupee rose to a near two-week high on Friday boosted by gains in Asian peers, the dollar's loss against major currencies and a marginal rise in domestic shares.
Fri, 03 Sep 2010 04:21:00 GMT
Taliban facing financial crisis: US General
Noting that the Taliban has been driven to desperation around Marjah in southern Afghanistan, a top US general stationed there has said that the terrorist outfit is facing an acute financial crisis.
Fri, 03 Sep 2010 04:14:00 GMT
No danger of double dip in Europe: ECB's Nowotny
Europe faces modest economic growth but no double dip back into recession, European Central Bank Governing Council member Ewald Nowotny said on Thursday.
Fri, 03 Sep 2010 04:10:00 GMT
Windfall for 3PAR's insiders, early investors
Hewlett-Packard Co's deal to buy 3PAR Inc for an eye-popping $2.4 billion in cash means a massive windfall for insiders and investors in the specialist data storage firm after a decade of toiling away in the obscure backwaters of Silicon Valley.
Fri, 03 Sep 2010 04:04:34 GMT
PRECIOUS: Gold settles up; market frets about US jobs data
Gold rose on Thursday, settling slightly higher as investors set positions ahead of the key US employment report, forecast to show a worsening labor market, which could boost demand for safe-haven assets.
Fri, 03 Sep 2010 03:59:18 GMT
'Quote stuffing' a focus in flash crash probe
US regulators probing the May flash crash are focusing on a trading practice known as "quote stuffing", in which large numbers of rapid-fire orders to buy or sell stocks are placed and canceled almost immediately.
Fri, 03 Sep 2010 03:55:53 GMT
No second stimulus being considered: White House
Obama said on Monday he and his advisers are discussing further tax cuts for businesses to help create jobs, as well as an extension of tax cuts for the middle class, rebuilding US infrastructure and increasing investments in clean energy and research and development.
Fri, 03 Sep 2010 03:37:00 GMT
ANALYSIS: Plenty of fish for Dell after losing 3PAR to HP
Dell Inc may have lost the bidding war for 3PAR Inc to Hewlett-Packard Co, but the data storage industry offers plenty of other targets.
Fri, 03 Sep 2010 03:31:08 GMT
BP removes cap from Gulf well
BP Plc said it removed a cap from equipment atop its ruptured Gulf of Mexico oil well on Thursday, the first of several steps in advance of plugging the leak for good.
Fri, 03 Sep 2010 03:27:00 GMT
US economic data damp down fears of new recession
Pending sales of previously owned US homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, helping quell fears the economy could face a double-dip recession.
Fri, 03 Sep 2010 03:21:10 GMT
Global economy still not out of turmoil: Murdoch
"I do not believe we are out of the turmoil yet. Sovereign debt pressures, soaring deficits and unacceptable US unemployment levels are key obstacles to the global economic recovery," said Murdoch in a letter to shareholders in his company's annual report published on Thursday.
Fri, 03 Sep 2010 03:18:00 GMT
FIIs net buyers Rs 2,065 cr in F on Thursday
The Foreign Institutional Investors (FIIs) were net buyers of Rs 2,065.06 crore in futures and options segments on Thursday.
Fri, 03 Sep 2010 02:59:42 GMT
Asian markets in green in morning trades
Asian markets are mostly in green this morning. However, investors are wary before US announces its jobs data.
Fri, 03 Sep 2010 02:53:00 GMT
Indian ADRs end mixed on Thursday
Indian ADRs were mixed on Thursday.
Fri, 03 Sep 2010 02:48:04 GMT
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