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Osian Art Fund fetched poor returns for investors and bad publicity for Osian and drove a hard lesson about speculation and ‘wealth management services’ We have always been sceptical about fancy investment ideas, especially involving products that are illiquid, sold after a prolonged rally...

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The Internet search giant has called for an Android press gathering on 5th January. Will it exhibit 'Nexus One', Google's much talked about mobile handset on that day? Internet search giant Google has sent out an invite for a press conference on 5th January. Google is not saying much about...

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Pratibha Kamath  and   Subrata Das 29 December 2009
Sales and profits of textile companies are running at a record high, even though stock prices are down. The markets seem to have missed this phenomenon Textile stocks are not among the hottest shares. The sector is considered to be down in the dumps, especially since exports collapsed in...

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Pratibha Kamath  and   Subrata Das 29 December 2009
Sales and profits of textile companies are running at a record high, even though stock prices are down. The markets seem to have missed this phenomenon Textile stocks are not among the hottest shares. The sector is considered to be down in the dumps, especially since exports collapsed in...

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The Justice Wadhwa committee, set up by market regulator SEBI to investigate irregularities in IPOs floated during 2003-2005, has suggested the possibility of recovering the amounts and distributing it among the deprived applicants Scamsters gained Rs 95.69 crore by rigging initial public...

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The Justice Wadhwa committee, set up by market regulator SEBI to investigate irregularities in IPOs floated during 2003-2005, has suggested the possibility of recovering the amounts and distributing it among the deprived applicants Scamsters gained Rs 95.69 crore by rigging initial public...

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The Justice Wadhwa committee, set up by market regulator SEBI to investigate irregularities in IPOs floated during 2003-2005, has suggested the possibility of recovering the amounts and distributing it among the deprived applicants Scamsters gained Rs 95.69 crore by rigging initial public...

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Despite inflationary pressure, there will be no increase in the interest rate on loans in the next six months because of surplus liquidity in the market and rising deposits The country's largest lender, State Bank of India (SBI), has said that there will be no hike in lending rates in the...

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Swapnil Suvarna 29 December 2009
Market to remain volatile till expiry of December contracts on Thursday Stock market indices ended marginally higher on Tuesday after hitting 19-month highs during the day, but shed most of their gains towards the close of trading. The BSE Sensex ended 41 points higher at 17,402 while the NSE...

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Ravi Samalad 29 December 2009
Roche has claimed that its Tamiflu dramatically reduced hospital admissions as well as bronchitis and pneumonia. But a recent investigation by the British Medical Journal and UK’s TV Channel 4 has concluded that such claims are meritless Public Citizen, a US-based non-profit consumer advocacy...

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After a nationwide audit, a national auditor has said that Chinese officials stole or misused a staggering $34.40 billion this year State company czars and other top officials in China have been found to have indulged in luxuries like buying fancy cars and other consumer durables at state...

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During the year, the high-voltage legal battle between the Ambani brothers over the gas dispute dominated the proceedings in the Supreme Court The year 2009 saw a high-voltage legal battle between the Ambani brothers over the gas dispute reaching the Supreme Court, with a judge withdrawing...

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Pallabika Ganguly 29 December 2009
The producers and distributors of ‘3 Idiots’, which collected over Rs100 crore in just four days from its opening, are going to add 12 more prints in the US by Friday and may even add six-seven more prints in India as well Following the overwhelming response for the film ‘3 Idiots’ across the...

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R Ravimohan, who was handling the proposed acquisition of global petrochemical major LyondellBasell Industries, was rushed to hospital after he suffered a cardiac arrest while taking a walk outside his office Reliance Industries Ltd's (RIL) executive director R Ravimohan died on Monday night...

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In line with the pickup in business growth, tyre companies are likely to make significant increases in their capex plans in 2010-11, to expand capacity and meet product demand A healthy pickup in demand from the auto sector in the face of a visible economic recovery is likely to help the...

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SCI plans to purchase three new container vessels along with its existing joint venture partner Mediterranean Shipping Company State-run Shipping Corporation of India (SCI) plans to acquire three new container ships in the New Year, and has set aside $200 million-$225 million to fund these...

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Almost 41% of the companies use healthcare cover as a talent attraction and retention tool, while 11% use it to minimise losses arising out of employee health issues Despite a hike in health premium costs, over 40% of Indian companies consider healthcare cover as a value differentiator for...

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Ravi Samalad 28 December 2009
The legendary toy brand Meccano has entered into an agreement with My Baby Excels to market its product in India Aspiring engineering kids can now take a few lessons at home soon. My Baby Excels has entered into an agreement with Nut and Bolts to sell its iconic brand Meccano in...

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Amritha Pillay 28 December 2009
WorldSpace subscribers from India are shocked that the music offered by the satellite radio service will go out of their lives. A number of music buffs want the services to be revived – they are not clamouring for refunds. Most Indian subscribers are not agitated, but rather aggrieved that...

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Amritha Pillay 28 December 2009
It has been a fortnight since Osian Art Fund has promised the first part-payment, but around 85 investors are still waiting for the same About 15 days back, Osian Art Fund sent a mail to its investors saying that it had started the process of redeeming their capital and all unit-holders would...

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