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A positive close in Indian stocks and fresh dollar selling by exporters at higher levels also helped the rupee to remain somewhat stable near its overnight close, forex dealers said.

Mahindra Satyam posts profit of Rs 534.21 cr in Q4

The Hyderabad-based company had posted a net loss of Rs 327 crore (Rs 3.27 billion) in the January-March period of 2011.

Foreign trade policy on June 5

Amid rupee's free fall and slowdown in western markets, the government is likely to announce incentives in the foreign trade policy (FTP), scheduled for June 5, to boost exports.

AI stir: Pilots' body seeks legal opinion

The division bench of the high court said the IPG cannot 'wilfully and flagrantly' disobey court orders to end their 'illegal' strike and could face contempt action.

Govt for consensus on rules for internet content control

Government on Thursday said that it will evolve a consensus on rules for control of internet content after talking to various stakeholders including MPs and industry representatives.

How employees are bleeding Air India dry

The vigilance cases ranged from stealing liquor and caviar and flying for other airlines while on the rolls of the national carrier to inflated bills and making claims for bogus attendance.

India cites FDI, market returns for higher Fitch ratings

Fitch had last rated India in 2010, giving India's foreign and local currency rating at 'BBB-/stable'.

Samsung launches interactive Smart TV in India

Samsung's new voice control, motion control and face recognition aims at advancing the user experience in a competitive TV market that values ease, convenience and choice.

Falling Re: Gold is the safest investment bet now

The transcript of a rediff chat with M K Venu, managing editor of Financial Express newspaper.

'India cut Iran oil imports not under US pressure'

India depends on Iran for 12 per cent of its 80 per cent of imports of crude.

Microsoft develops technology for speech, hearing impaired

Microsoft India employees have developed a technology that would help the hearing and speech impaired to communicate with others.

Rupee fall: It's not a bolt from the blue

The Reserve Bank of India's limited intervention was not enough to lift the rupee, the worst performing Asian currency since March.

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