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Bulls
retaliate, Sensex up 3.79pc
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After a severe whipping in the last five sessions, Indian markets
made a smart turnaround as investors who made a nervous exit
after the US terrorist attacks came back to buy stocks on Tuesday.
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Asia
relieved that Wall Street plunge not worse
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Asian
markets opened higher on Tuesday, relieved that Wall Street’s
biggest-ever points plunge was not worse and buoyed by a round
of central bank rate cuts, but the spectre of global recession
could not be shaken.. |
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Japan
may lift sanctions on Pakistan, India
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Japan said on Tuesday it may lift sanctions on Pakistan and
India in support of the two countries’ efforts to cooperate
with the United States to track down Osama bin Laden, prime
suspect in last week’s attacks on America. |
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Wall
Street operates now from different locations
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Wall
Street firms opened for business on Monday, thanks to creative
footwork by executives forced to assemble new trading desks
and brokerage offices after the World Trade Center attack. |
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Tata
Power approaches Centre for takeover of Dabhol |
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Tata
Power has formally approached the power ministry for takeover
of controversy-ridden 2184 mw Dabhol power project of Enron
but laid down certain conditions including guaranteed offtake
of 80 per cent power from Phase-II. This move assumes significance. |
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Auditors’
appointment not mutually exclusive: DCA
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The department of company affairs has clarified that the provisions
of the sub-clauses (a) to (c) to sub-section 1 of section 224-A
of the Companies Act of 1956, relating to the appointment of
an auditor in certain cases with the approval of the company
by special resolution, were not mutually exclusive. |
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Infosys,
HLL, RIL most respected Indian firms
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Infosys,
Hindustan Lever Ltd. (HLL) and Reliance Industries Ltd (RIL)
are India’s top three most respected companies, according to
a latest Business World-Indian Market Research Bureau (IMRB)
survey. |
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Growth
in FDI flows decelerates |
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Growth
in global flows of foreign direct investment (FDI) decelerated
to 18 per cent in 2000 as against a high 50 per cent growth
recorded in the previous year. |
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US
attack takes shine out of gems export |
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With
the recent terrorist attacks in New York and Washington, gem
and jewellry exports to the USA is expected to take a severe
beating. |
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