US stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season rounded the final turn with a group of strong results that offset the impact of poor economic data.
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Indian ADRs ended mixed yesterday. In the IT space Infosys was up 0.12% at $60.48, Wipro was up 1.87% at $13.6, while Patni was down 0.36% at $22.07 and Satyam was down 0.80% at $4.95.
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Tata Chemical has announced its first quarter results. The company’s Q1 net sales were up at Rs 1,425 crore versus Rs 1,393.6 crore, yearonyear, YoY.
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The government on Friday took the first step in linking the public distribution system with the ambitious unique identity project. CNBCTV18\’s Nayantara Rai reports on the oil marketing companies’ tieup with the UIDAI to check leakage and pilferage in subsidised cooking fuels.
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IRDA is adopting a noninterference policy in the dispute between insurance companies and hospitals over cashless facility in mediclaim policies. But even as policyholders are stuck in limbo, IRDA Chairman Hari Narayan defends his stance.
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Over the last two years, Wipro has weathered a dramatic swing in business demand courtesy the recession in the US and now the uncertainty in Europe. In an exclusive interview to CNBC\’s Christine Tan, Wipro Chairman Azim Premji spoke on how the company has been able to weather the storm.
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In order to increase the menu of hedging tools, the Reserve Bank of India and the Securities and Exchange Board of India have finally come out with the much awaited guidelines on currency options.
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The much awaited RBI discussion paper on new bank licences will be just that…a discussion paper. It won\’t suggest any guidelines on what should be the basis of the new licences, reports CNBCTV18’s Latha Venkatesh.
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Qualcomm said on Friday Global Holding Corp and Tulip Telecomwould each invest USD 28.86 million for the 13% stake that each would take in its India broadband venture.
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It has been a down day at the markets which couldn\’t hold up in the face of earnings disappointments. Much of the selling pressure was seen in the last one hour of trade.
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