Business

Ramalinga Raju set to retract his confession

L’affaire Satyam is poised to take a dramatic turn. In a clear indication that he is all set to retract his confession and deny all the charges, former Satyam chairman B Ramalinga Raju said on Tuesday that his letter of January 2009 was a mere resignation letter from the post of the company’s chairman [...]

Bill to replace Ulip ordinance tabled

In what could be seen as a snub to RBI, the UPA government on Tuesday introduced the Securities and Insurance Laws (Amendment and Validation) Bill 2010 that would replace the ordinance promulgated last month.
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Apple losing its grip over iPhone programmes

Apple likes to maintain tight control over what programmes can appear on the iPhone – a task that just became a little bit harder.
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BP posts $17.15bn loss on oil spill

Bogged down by soaring costs related to the Gulf of Mexico oil spill, BP Plc today posted a mammoth second-quarter loss of $17.15 billion and also announced the departure of embattled CEO Tony Hayward.
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Sensex ends 57 points up on new RBI policy

The Bombay Stock Exchange benchmark Sensex on Tuesday rose by over 57 points on buying in interest rate sensitive auto, realty and banking stocks as RBI steps matched with the street expectations.
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