Satyam chief resigns, says profits inflated [Wed, 07 Jan 2009 12:42:19 +0530]
BANGALORE (Reuters) - The chairman of India's embattled Satyam Computer Services resigned on Wednesday and said the company's profits had been inflated over the last several years, sending the stock down 60 percent. 
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SEBI reviewing options on Satyam [Wed, 07 Jan 2009 12:45:35 +0530]
MUMBAI (Reuters) - The Securities and Exchange Board of India said it is reviewing options after the chairman of No. 4 software services exporter Satyam Computer Services said its profits had been inflated and resigned. 
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INSTANT VIEW - Satyam chairman resigns, shares plunge [Wed, 07 Jan 2009 12:50:26 +0530]
BANGALORE (Reuters) - The chairman of Satyam Computer Services, India's 4th-biggest software services exporter, announced his resignation on Wednesday, triggering a more than 60 percent drop in the company's share price. 
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BSE Sensex turns negative on earnings worry [Wed, 07 Jan 2009 10:50:53 +0530]
MUMBAI (Reuters) – The BSE Sensex shed early gains of 1.3 percent and slipped into the negative on Wednesday morning as concerns about quarterly earnings drove investors to pare their positions. 
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India gold futures lower as dollar gains [Wed, 07 Jan 2009 11:19:47 +0530]
MUMBAI (Reuters) - India's gold futures traded lower on Wednesday dragged down by a stronger dollar against the euro, dimming the yellow metal's appeal as an alternative investment, analysts said. 
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State oil unions begin indefinite strike [Wed, 07 Jan 2009 06:58:18 +0530]
NEW DELHI (Reuters) - Officials at state-run oil firms will begin an indefinite strike on Wednesday demanding higher wages, a union leader said, a move that may hit operations of at least three of the companies' 17 refineries. 
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Japan eyes bank injections to counter crisis [Wed, 07 Jan 2009 10:45:28 +0530]
TOKYO (Reuters) - Japan is reportedly considering cash injections for scores of regional banks in an effort to encourage lending as the financial crisis creates havoc for companies and economies around the globe. A big cut in aluminium output from Alcoa Inc and bankruptcy protection filings by U.S. units of LyondellBasell, the world's third-largest petrochemical company, provided the latest evidence of the corporate struggle with the worst downturn in decades. 
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Reliance to stop gasoline sales to Iran - report [Wed, 07 Jan 2009 09:11:05 +0530]
NEW DELHI (Reuters) - Reliance Industries Ltd has decided to stop gasoline supplies to Iran after fulfilling all contractual obligations, the Business Standard newspaper reported on Wednesday. 
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ANALYSIS - Show us the money: shovel-ready projects set to go [Wed, 07 Jan 2009 08:44:13 +0530]
CHICAGO (Reuters) - If U.S. President-elect Barack Obama's economic stimulus plan makes it through the U.S. Congress, money designated for infrastructure could start flowing within months into scores of "shovel-ready" projects stalled due to a lack of funds. 
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U.S. housing, factories, services remain in slump [Wed, 07 Jan 2009 09:25:56 +0530]
NEW YORK (Reuters) - The slumping U.S. housing, factory and service sectors produced more misery for the world's largest economy in the last two months of 2008 as the year-old recession looked set to drag on into 2009, data showed on Tuesday. 
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