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Govt for plugging regulatory gaps in financial sector

The Hindu,Amid outcry over Ponzi schemes causing huge losses to common people, Finance Minister P. Chidambaram on Wednesday said there are regulatory gaps and efforts are being made to frame a new law to oversee financial sector. “The present arrangements ...,-,

Larsen Shares Plunge as Results Miss Forecast

Wall Street Journal (India),NEW DELHI—Larsen & Toubro Ltd., India's biggest engineering and construction company by sales, Wednesday posted a worse-than-expected drop in its January-March net profit, sending its shares to their steepest fall in more than three years.

JustDial IPO over-subscribed 11.63 times on last day

NDTV,Mumbai: In a strong investor response, the initial public offer (IPO) of local search engine JustDial, the largest offer by an Indian internet company, was subscribed 11.63 times on the last day of issue on Wednesday. The Rs 950-crore IPO, biggest so far this ...

Phaneesh Murthy may lose around Rs 84 crore in severance benefits from iGate

NDTV,New Delhi: Phaneesh Murthy, the disgraced former chief executive of iGate Corp, may lose as much as $15.09 million (about Rs 84 crore) in severance benefits after being sacked by the US-based firm for professional misconduct. Mr Murthy, who was sacked ...

BSE Sensex falls 49 pts, Larsen & Toubro Limited shares hit by Q4 data

Indian Express,Sliding for the third day, the BSE benchmark Sensex today fell by 49 points to close at a fresh one-week low, dragged down by a 6 per cent slump in L&T after its quarterly results failed to meet market expectations. After a better start at 20,220.35, the 30-share ...

Bernanke touts benefits of easing, no hint of pullback

India,By Pedro da Costa and Alister Bull. WASHINGTON | Wed May 22, 2013 7:39pm IST. WASHINGTON () - The Federal Reserve's monetary stimulus is helping the U.S. economy recover, and the central bank needs to see further signs of traction before ...

L'affaire Ranbaxy: Why is nobody bothered about Indians' safety?

Firstpost,Ranabxy Laboratories just gave the US FDA a stick to beat all generics makers, a lot much loathed by the Big Pharma lobby. The fear in the US about the cheaper versions of medicines is palpable. “As the Ranbaxy story makes vividly clear, generic-drug ...,-,

BrahMos missile test fired from Russian warship

The New Indian Express,Nearly a couple of months after the maiden successful trial of submarine-launched version of BrahMos missile, India on Wednesday conducted a trial of its naval variant from a recently commissioned Russian warship. Defence sources said the ...,-,

L&T looks overseas to offset weak home market

NDTV,New Delhi/Mumbai: Larsen and Toubro Ltd, India's largest engineering and construction group, will look overseas to offset a weak economy and project bottlenecks at home that led to a bigger-than-expected profit drop. Shares in L&T closed down nearly 6 ...

Phaneesh may lose $15 million in benefits from iGate

The Hindu,Phaneesh Murthy, the disgraced former chief executive of iGate Corporation, may lose as much as USD 15.09 million (about Rs. 84 crore) in severance benefits after being sacked by the US-based firm for professional misconduct. Mr. Murthy, who was sacked ...

Just Dial's 9.4 billion rupee IPO covered 11.6 times

Reuters India,Wed May 22, 2013 7:11pm IST. REUTERS - Just Dial's up to 9.4 billion rupee ($170 million) initial public offer was subscribed 11.6 times on closing on Wednesday, in what is the biggest IPO in the country so far this year. The response to the equity offering ...,-,

BrahMos missile successfully test fired from ship

Economic Times,The missile performed the high-level 'C' manoeuvre in the pre-determined flight path and successfully hit the target. PANAJI: India today successfully test fired the 290-km range BrahMos supersonic cruise missile from the Navy's latest guided missile frigate ...,-,

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