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Popular Articles

Bangalore may face oversupply of luxury rooms
This is one luxury Bangalore can afford not to have. The city is set to add the highest number of “keys” in the upscale rooms category at a time when demand is not so certain.

Saksoft sets Rs 240 cr target
Saksoft Limited, a Chennai-based software services company with focus on the banking, financial services and insurance (BFSI) segment, is planning to double its revenues by the end of the 2011-12 financial year, from last year’s Rs 120 crore, through the organic growth route.

News of the day

Elitecore eyes Rs 100 crore overseas acquistion
In a bid to become a $ 50 million within two years, Elitecore Technologies is mulling to take the inorganic route. The Ahmedabad-based company is looking at a Rs 100 crore acquisition in the US or European markets in the network security segment.
International Business

Re appreciates by 28 paise, at 46.46/$

The Indian rupee appreciated by 28 paise to 46.46 a dollar in early trade today as the US currency weakened against other Asian currencies. - Oil mixed in Asian trade ahead of US housing data - Re down 15 paise, at 46.63/$ in early trade - Rupee at 46.44/$, down 33 paise - Re appreciates 28 paise at 46.01/$ - Oil surges higher on weak dollar, equity gains - NIIT Tech Q2 net declines 12% on forex losses At the Interbank Foreign Exchange (forex) market, the domestic unit strengthened by 28 paise to 46.46 a dollar. The rupee ended 26 paise lower at 46.74/75 a dollar in the previous session. Dealers said the US currency weakening against other major currencies bolstered the rupee sentiment. Expectations of fresh capital inflows as stock markets may open on a strong footing, in line with firming trends in Asian market, also gave a boost to uptrend, they added.


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