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The Center for American Progress has released a research report that says that the US can save as much as $1.5 trillion by legalising its massive population of unauthorised workers. Read Article...  

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Selecting the right restaurant is crucial as it shows the significance of the meeting and the value attached to the client. Check out the 10 best places to strike a deal. Read Article...  

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Predictions that China is heading for a prolonged Japanese-style slump ignore big differences between China today and Japan in the late 1980s. Read Article...  

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Haiti is the poorest country in the Western Hemisphere. The Haitian masses suffer some of the most debilitating and depressing misery of any people in the world. Yet, virtually all that misery is human caused, in most cases, by a tiny minority inside and outside Haiti who have the wealth and...

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Moneylife Digital Team 15 January 2010
HUL has said that Dhaval Buch will move over to its parent group, Unilever, while Pradeep Banerjee will take over from Mr Buch India’s largest fast moving consumer goods (FMCG) company Hindustan Unilever Ltd (HUL), has said that it will appoint Dhaval Buch as senior vice president (VP) for...

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Moneylife Digital Team 15 January 2010
The cheapest vehicle in North America costs about $9,000-$10,000. Half of that amount—over $5,000—is a possible price point for the Nano in the US, a Tata official has said The world's cheapest car, the Tata Group's Nano that sells for $2,500 in India, may find its place in US garages at...

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Moneylife Digital Team 15 January 2010
Rana Sugars has said that the actual utilisation of its cane-crushing capacity would be 27% less than its installed capacity in the ongoing crushing season because of acute shortage of cane Sugar manufacturer Rana Sugars Ltd on Friday said that the actual utilisation of its cane-crushing...

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Moneylife Digital Team 15 January 2010
SAT has adjourned the hearing on a petition by brokerage house First Global's Shankar Sharma against a SEBI order banning him from trading in markets for his alleged role in manipulating prices of certain shares The Securities Appellate Tribunal (SAT) on Friday adjourned the hearing on a...

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Moneylife Digital Team 15 January 2010
Eros International has appointed Jyoti Deshpande as its group chief executive officer (CEO) and managing director. Kishore Lulla has been appointed as executive chairman of the media group AIM-listed Indian media and entertainment company Eros International Plc has said that it has appointed...

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The tenth edition of the Auto Expo just concluded. Here is a look at the winners and losers... and there were a few from both sides at the show The just concluded 10th edition of the Auto Expo in New Delhi witnessed the launch of more than 100 vehicles from global as well as domestic...

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Moneylife Research Desk 15 January 2010
Moneylife’s study of the pattern of stock picks by mutual funds’ equity schemes finds that stock picks are highly concentrated among a few hundreds with portfolios mimicking each other.   The study also underlines the lack of depth and diversity in Indian markets There are 1,477 stocks listed...

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The US government has got major mobile operators on board to allow people to very easily donate $10, through a text message to the Red Cross, to help with the disastrous situation in Haiti following the major earthquake Setting a good example of using technology as a helping hand, the Obama...

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Subrata Das 14 January 2010
Sensex gains 75 points as RIL, ONGC move up; bank stocks decline on continuing concerns of a rate hike Trading started on a high note on Thursday, triggered by Asian stocks which rebounded after a sharp decline yesterday in a knee-jerk reaction to the increase in the cash reserve ratio for...

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A M Naik rose to the top slot in Larsen & Toubro, and put it on the path to being a multinational entity. AM Naik, Executive Chairman of Larsen & Toubro, an engineering and construction giant, has steered the company through some of its most turbulent times. Under him, L&T has recorded...

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Sudhakar Prabhu has built the Wankhede Stadium in Mumbai and the Jeejeebhoy Towers that houses the Bombay Stock Exchange. Frischmann Prabhu -- announces a small board at the start of a dirty lane in Prabhadevi in Mumbai, flanked by tightly-huddled hutments. Down the uneven lane is a...

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The Globe and Mail Beijing office reported that an official with China's $300B sovereign wealth fund says that the US dollar has bottomed. He also said that China now has a say in the exchange rate of the US dollar. It marks a new low for the prestige US greenback. Furthermore, Mr Peng expects...

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Mr Philip Angelides, chairman of the Financial Crisis Inquiry Commission has told reporters that Goldman Sachs head Lloyd Blankfein has failed to own up to his firm’s role in selling mortgage securities that helped trigger the global credit crisis. Read Article...  

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China’s property prices rose at the fastest pace in 18 months in December, stressing the government’s struggle to rein in speculation while maintaining economic growth. Residential and commercial real-estate prices in 70 cities climbed 7.8% from a year earlier. Read Article...  

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Around the world sentiment toward stocks rose, reaching a record level in the US, as reports on manufacturing showed the global economy is recovering and investors betting that profits will grow since 2007. Read Article...  

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British Airways plan to spend $161 million on upgrading its near 10-year-old first-class cabins in a move to match the luxury standards on offer at Asian and Middle Eastern competitors. The revamp of the company’s Boeing Co 777 and 747 aircraft began this week. Read Article...  

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