Saturday, February 14, 2009

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Top Business News- IBNLive.com

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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.
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.
Take a test: Did UPA leave you richer or poorer?
    TAX FRIENDLY: The UPAs budgets have been friendly to tax payers across the board.Do you know your taxes? Take this test to find out where you stand.
No bidders for phase 2 of Mumbai Metro project
    MUMBAI METRO: The deadline for submitting bids was on Friday at 13:00 hrs.The deadline for submitting bids was on Friday at 13:00 hrs.

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