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All eyes on Vodafone’s Colao for signs on Verizon
LONDON (Reuters) - After months of speculation, Vodafone's (VOD.L) Vittorio Colao will be under pressure next week to set out whether he may sell its prized stake in Verizon Wireless in what would be one of the biggest deals ever. Chief executive for five years, Colao has said only that he
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Finance ministry questions Air India’s plan to trim workforce
Mumbai: Air India's plan to trim its 27,000 bloated workforce by offering a voluntary retirement scheme (VRS) is stuck in the North Block, with the Finance Ministry questioning the rationale behind the proposed scheme. The VRS scheme is "stuck in the Finance Ministry over the payment of Rs 1,200 crore for it. The ministry has #air india #Business #finance ministry #NewsTracker
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Why RBI is likely to cut rates in its June policy meet
New Delhi: Taking a cue from the continued downward surprises in inflation and sluggish growth indicators, the Reserve Bank of India is likely to go for further monetary easing in its June 17 policy meet, global investment banking majors have said. The headline wholesale inflation fell to 41-month low in April #Economics #Inflation #Monetary policy #PolicyWatch #Reserve Bank of India
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In the hands of Li Keqiang and Manmohan Singh, the future of a continent
In the summer of 1914, Archduke Franz Ferdinand and his wife Duchess Sophie were assassinated on the Latin Bridge in Sarajevo. The shots weren’t, as pop history now has it, heard around the world. Europe was riding a great wave of prosperity that had stretched for over a century; its #China #ConnectTheDots #diplomacy #India #Li Keqiang #Manmohan Singh #Oil import #United States #World
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More tax woes for Infosys: I-T dept sends Rs 582 cr demand notice
New Delhi: Income Tax department has slapped a fresh $106 million (about Rs 582 crore) tax demand notice on Infosys, for 2009 fiscal, adding to the tax woes of India's second largest IT firm. The Bangalore-based software services exporter is already contesting additional income tax demands of $ million (about Rs #Business #companies #Income Tax Department #Infosys #NewsTracker
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First Indian NBA owner: Tycoon Ranadive is betting big on basketball
Indian-American tech tycoon from Silicon Valley, Vivek Ranadive, has become the majority stake holder in the NBA's Sacramento Kings and will keep the team in the California capital. Ranadive, founder and CEO of multi-billion dollar realtime computing company TIBCO, led a group of investors this week to secure an agreement to #NBA #Sacramento Kings #Sports #Vivek Ranadive
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Five steps to becoming a successful spot-fixer!
I’m neither Chetan Bhagat, nor am I Hansie Cronje, but here’s my five-point plan on how to be a successful spot-fixer and not get caught. 1. Communication is key. What is with this Chandila and Chawan? Who discusses which ball you’re going to drop over the hotel phone? Buy an iPhone #Cricket #IPL #IPL spot-fixing scandal #Satire #Sports #Sreesanth
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Two Andhra ministers charged in Jagan Reddy’s DA case may quit
Hyderabad: Two cabinet ministers in Andhra Pradesh charged in the YS Jaganmohan Reddy's disproportionate assets case are likely to resign following orders from the Congress central leadership, party sources said Sunday. Home Minister P. Sabita Indra Reddy and Roads and Buildings Minister Dharmana Prasada Rao may submit their resignations to Chief #Andhra Pradesh #Corruption #Dharmana Prasada Rao #India #NewsTracker #P. Sabita Indra Reddy #Y.S. Jagan Mohan Reddy
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Chit fund scam: Saradha boss Sudipta Sen’s bail plea rejected
Kolkata: Rejecting the bail plea of Saradha Group promoter Sudipta Sen and one of his close aides, a West Bengal court on Saturday sent them to judicial custody till May 31. Before entering the court, Sen said he was happy with the government probe. "I am happy, happy, happy," said Sen, #Bengal chit fund scam #NewsTracker #Saradha Group #Sudipta Sen
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UP blast accused dies on way to jail; 42 cops booked, govt orders probe
Lucknow: Khalid Mujahid, an accused in the serial blasts at Uttar Pradesh's Faizabad in 2007, died of 'heat stroke' on Saturday when he was being taken back to the Lucknow prison after a hearing at a Faizabad court, police said. Forty-two policemen, including DGP (Training) Brij Lal, have been booked for #Khalid Mujahid #NewsTracker #Uttar Pradesh