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Diageo asks Vijay Mallya to quit United Spirits

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London/New Delhi, Apr 27: With United Spirits asking its own chairman Vijay Mallya to quit, the majority owner Diageo today said its “contractual obligations” to support his presence would not apply in the event of “defaults” by the Indian businessman and his group firm UB Holdings Ltd.A major boardroom battle broke out this weekend at United Spirits Ltd (USL), where ...

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Capgemini to acquire US-based outsourcer IGATE for $4 billion

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New York, Apr 27: French IT services firm Capgemini today said it will acquire US-based outsourcer IGATE for USD 4 billion, a move that will help the former strengthen its foothold in the North American market. Under the merger agreement, Capgemini will acquire the Nasdaq-listed firm for a cash consideration of USD 48 per share and the transaction will amount ...

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Sensex rises 129 pts in early trade on positive Asian cues

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Mumbai, Apr 27: The benchmark BSE Sensex gained over 129 points in early trade today on value-based buying by investors amid positive cues from other Asian markets. The 30-share index rose by 129.34 points, or 0.47 per cent, at 27,567.28 as buying in stocks of FMCG, power, auto, metal and infrastructure sectors, positively impacted the trading sentiments. Besides, the National ...

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Raghuram Rajan: ‘Careful’ management of demand vital for Make in India

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Chandigarh, Apr 25: Reserve Bank Governor Raghuram Rajan today said for the success of Make in India domestic demand needs to be managed “carefully” and industry should be made competitive, while stating that economic security is a must for national security. ‘Make in India’ initiative could also be an answer to increase opportunities in and around agriculture, he added. Asserting ...

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Google quarterly profit edges up on revenue surge

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New York, Apr 24: Google has said first-quarter profit edged higher from a year ago as the Internet giant reported a healthy rise in advertising revenues. Net profit rose four per cent from a year earlier to USD 3.59 billion, while revenue surged 12 per cent to USD 17.3 billion, led by gains from online advertising. Like other global firms, ...

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