Sunday, February 15, 2009

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Top Business News- IBNLive.com

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G7 ministers pledge recovery of global economy
    GLOBAL CAUSE: G7 ministers also renewed a commitment to avoid protectionist measures.They want to re-establish confidence in the stricken global financial system.
Software giant Sapient lays off 500 employees in India
    TOUGH MEASURES: A few months back US-based IT Sapient company had laid-off 160 employees. Employees laid off from Sapient's Bangalore, Noida and Gurgaon offices.
Sapient sacks 500 workers, reducing budgets
    SACKING EMPLOYEES: The senior management of the company refused to comment on the issue.The senior management of the company refused to comment on the issue.
SEBI announces takeover norms for distressed cos
    NEW NORMS: SEBI says the company in question's board will have to be replaced by a state or Central Government body.SEBI has relaxed the takeover norms for companies in special situations.
Rules changed, takeover bid for Satyam made easier
    GOOD COMPANY: Satyam chairman Kiran Karnik says there are suitors for company. Fraud-hit company welcomes market regulator's decision.
Textile industry seeks indirect tax cuts
    HOPING FOR CUTS: The industry hopes interim the budget will contain tax breaks for and sector-specific measures.UPA is all set to announce its interim Budget on February 16.

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