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India is an interesting place for ArcelorMittal: Mittal - Hindustan Times
Source: Business - Google News | 4 Apr 2010 | 4:09 am Tata Motors pays Rs. 1 crore lease rent on Singur land - The Hindu
Source: Business - Google News | 4 Apr 2010 | 4:01 am Six of top 10 companies lose Rs 16,000 cr in m-capIn a truncated session past week, six out of top-10 valued firms lost a sum of over Rs 16,000 crore from their market valuation, with TCS losing the most.Source: India Business News | Business News - Times of India | 4 Apr 2010 | 3:30 am Gross Enrolment Ratio to be raised to 30 percent by 2020: Mukherjee - Sify
Source: Business - Google News | 4 Apr 2010 | 3:24 am Six of top-10 companies lose Rs16,000 cr in m-capMumbai: In a truncated session past week, six out of top-10 valued firms lost a sum of over Rs16,000 crore from their market valuation, with TCS losing the most. The valuation of leading outsourcing firm TCS declined by Rs3,474.03 crore taking its total market capitalisation (m-cap) to Rs1,58,092.83 for the week ended 3 April. Shares of the company also slipped by 2.15% during the week to close at Rs807.75 on Thursday on the Bombay Stock Exchange (BSE). The markets remained shut on the last day of the past week on account of Good Friday, thus, trading for only four sessions. Meanwhile, four state-run firms -- ONGC, NTPC, SBI and BHEL -- added Rs10,593.86 crore to their m-cap. Reliance Industries, continued to be the numero uno firm in terms of its m-cap, inspite of its valuation falling by Rs1,749.63 crore to Rs3,57,659.64 crore. Software exporter TCS was at fourth place and state-owned trading firm MMTC inched up to the fifth place from sixth even with a loss of Rs845.25 crore. IT bellwether Infosys Technologies slipped to the sixth place from fifth after losing Rs6,016.2 crore from its m-cap at the end of the week, with its total market valuation at Rs1,53,290.27 crore. The country’s telecom giant Bharti Airtel slipped to the tenth spot from the ninth after losing Rs3,038.01 crore from its m-cap taking its total market valuation to Rs1,4,742.07 crore. Mining giant NMDC, which slipped to the ninth place from eighth past week, lost Rs1,407.47 crore from its m-cap, taking its valuation to Rs1,16,859.53 crore. Meanwhile, m-cap gainers like state-run oil firm ONGC and power producer NTPC together added Rs5,686.89 crore to their market valuation. ONGC, the second most-valued firm in terms of its m-cap, gained Rs1,069.43 crore, taking its valuation to Rs2,32,056.7 crore, while NTPC added Rs4,617.46 crore taking its market-capitalisation to Rs1,71,381.89 crore. The country’s largest public sector lender SBI also saw its valuation swell by Rs1,964.96 crore to Rs1,33,559.71 crore. Power equipment maker BHEL jumped to the eighth place from tenth after adding Rs2,942.01 crore to its valuation taking it to Rs1,18,419.78 crore. Meanwhile, the benchmark index Sensex gained 47.86 points or 0.27% in the past four trading sessions to settle at 17,692.62 on Thursday on the BSE. Source: LatestNews-Home - Livemint.com | 4 Apr 2010 | 2:29 am Apple iPad will take time to hit Indian marketIndustry observers in the US believe the iPad could well outsell the Apple's iPhone, launched in 2007, of which one million had been sold after 74 days on shop shelves.Source: Daily News & Analysis: Money News | 4 Apr 2010 | 2:18 am Liberty Shoes to add 60 outlets this fiscalFootwear firm Liberty Shoes plans to open 60 outlets, including 10 overseas stores, this fiscal, a top company official said.Source: HindustanTimes.com - Top Business News Headlines | 4 Apr 2010 | 1:58 am India imports 3 mn tonnes of sugar so far this seasonIndia, the world's largest sugar consumer, has imported over 3 million tonnes of the sweetener in the first six months of the 2009-10 sugar season, ending in September.Source: HindustanTimes.com - Top Business News Headlines | 4 Apr 2010 | 1:49 am Union Bank of India business set to cross Rs3 lakh cr; sees 25% FY 11 loan growthThe total business of a bank means the sum of total loans on the book and the deposits it carries. Presently, Union Bank's total business stands at Rs2.91 lakh-crore.Source: Daily News & Analysis: Money News | 4 Apr 2010 | 1:38 am ITC enters cigars businessFMCG-to-hotels major ITC Limited has quietly entered the cigar manufacturing business marking its entry into the most sophisticated form of tobacco consumption.Source: HindustanTimes.com - Top Business News Headlines | 4 Apr 2010 | 1:18 am Gujarat's wealthiest get richerForbes' Richest List shows that six of the seven billionaires from the state have moved up in rankings.Source: Daily News & Analysis: Money News | 4 Apr 2010 | 1:11 am Apple iPad will take time to hit Indian marketCraving to get your hands on the Apple iPad? Wait for a while as it will be still some time before it becomes available in the Indian market.Source: HindustanTimes.com - Top Business News Headlines | 4 Apr 2010 | 12:57 am Apple's iPad unearthed: Samsung, LG appearRICHMOND, Virginia (Reuters) - Luke Soules was one of the first on the planet to get his hands on an iPad. And he wasted no time taking it apart.Source: Reuters: Money News | 4 Apr 2010 | 12:55 am Goa port to build berths for foreign navies, cruises - Sify
Source: Business - Google News | 4 Apr 2010 | 12:51 am MF industry assets grow Rs2.54 lakh cr in FY10New Delhi: The mutual fund industry shrugged off the recession blues and added over Rs2.54 lakh crore to its assets under management (AUM) in fiscal 2009-10 to take its AUM to Rs7.47 lakh crore. The average AUM of the fund houses rose Rs2.54 lakh crore or 51% in the last fiscal, from Rs4.92 lakh crore at the end of 2009-09 fiscal, according to the data available with the Association of Mutual Funds in India (AMFI). Reliance MF maintained its position as the top fund house with a hefty 36% increase in AUM to Rs1,10,413 crore at the end of March. The other leading fund houses -- HDFC MF, ICICI MF and UTI MF --- also saw an increase in their average AUM. During the fiscal, HDFC MF’s AUM rose by 54% to Rs88,779 crore and ICICI MF’s asset base increased 57% to Rs80,988 crore. Besides, UTI MF’s AUM stood at Rs80,217 crore at the end of March, higher by 65% YoY. Analysts believe the growth in the corpus in 2009-10 fiscal was driven mainly by a huge increase in debt inflows as banks parked money with MFs in the time of slow credit off take. Till February 2010, the total investment in income or debt schemes of MFs was at Rs2.61 lakh crore, while equity schemes saw net inflow of Rs2,611 crore. With high volatility in the stock market during the year, investors looked for avenues of mutual gains and lesser risk to reap returns on their investments. In the fiscal the market barometer Sensex gained 80% to 17,527.77 points, thereby maximising gains for equity investors. The average AUM of the industry hit an all-time high of Rs8.07 lakh crore at the end of November 2009. The year was particularly significant as the market regulator Sebi acted in favour of the investors and eased norms making it easier for them to invest in mutual funds. The key changes included abolishment of entry load on purchase of schemes and allowing MFs to be traded on the stock exchanges. Source: LatestNews-Home - Livemint.com | 4 Apr 2010 | 12:51 am IIM-Calcutta hikes fees by 50 pc, intake reduced - Sify
Source: Business - Google News | 4 Apr 2010 | 12:46 am India market soars for business jet makersWith the number of billionaires and high net worth individuals in India growing, business jet makers are intensifying efforts to sell their aircraft in India which industry sources say will need over 250 aircraft in the next 10 years.Source: India Business News | Business News - Times of India | 4 Apr 2010 | 12:41 am Emaar Properties to roll over $1.23 bln in loans - paperDUBAI (Reuters) - Dubai developer Emaar Properties will roll over 4.5 billion dirhams ($1.23 billion) debt maturing in 2010 into long-term project financing deals, a local daily said on Sunday, citing a company spokesperson.Source: Reuters: Money News | 4 Apr 2010 | 12:33 am Apple's iPad hits U.S. shelves; testing beginsNEW YORK (Reuters) - Apple Inc's iPad hit stores on Saturday after months of buildup, igniting excitement and kicking off a critical sales period that will determine if the sleek tablet computer becomes the next blockbuster.Source: Reuters: Money News | 4 Apr 2010 | 12:05 am World Bank arm IFC to pick up 10% in Chola DBSThe International Finance Corporation (IFC), the private financing arm of the World Bank, is expected to pick up about 10 per cent stake in Cholamandalam DBS Finance for Rs 100Source: Business Line - Home Page | 4 Apr 2010 | 12:00 am Vodafone hopes ‘world's cheapest phone' will do the magic againLess means more to British telecom giant Vodafone, at least when it comes to plastic. The company is hoping that its latest version of the Magic Box phone, whittled down in price thanks to some innovative ways of reducing materials, will help itSource: Business Line - Home Page | 4 Apr 2010 | 12:00 am Union Bank hikes term deposit ratesUnion Bank of India is to hike the interest rates on domestic term deposits in the range of 25 to 50 basis points, for one year and above maturities, with effect from AprilSource: Business Line - Home Page | 4 Apr 2010 | 12:00 am Weekly News Round upPrimary food inflation was up 16.35 per cent year-on-year for the week ended March 20, after hitting a four-month low of 16.22 per cent in the preceding week. The reversal of the declining food inflation trend for the latest week was mainly onSource: Business Line - Home Page | 4 Apr 2010 | 12:00 am Govt may pump more funds into Air IndiaThe Government may eventually give a financial lifeline to Air India by pumping more funds into the carrier rather than divesting a stake to a strategic investor. The airline, expected to report a loss of Rs 5,500 crore this year, is in urgentSource: Business Line - Home Page | 4 Apr 2010 | 12:00 am Mumbai Aarey's milk business curdlesAarey Dairy, a brand name that had energised generations of Mumbaikars with its “Energy” flavoured-milk, is today fighting forSource: Business Line - Home Page | 4 Apr 2010 | 12:00 am Indian equities move with global markets, but break China linkEconomic indicators in India may be getting stronger by the month, reinforcing a sustained recovery, but for stock market investors ‘decoupling' still remainsSource: Business Line - Home Page | 4 Apr 2010 | 12:00 am Gems and jewellery exports continue to glitterNew Delhi: India’s gems and jewellery exports continued to shine for the fourth consecutive month with consignments growing by an impressive annual 55% to $2.2 billion in February, highlighting demand pickup in the western markets. Number one contributor to the country’s export basket, gems and jewellery exporters have seen reversal of fortunes since November 2009, after almost a year of downturn which followed recession in several key markets in the US and Europe. Since the situation had deteriorated significantly last year, the rebound in February 2010, looks impressive because of the small volumes (low-base effect) in 2009, chairman of the Gems and Jewellery Export Promotion Council Basant Mehta said. Mehta said while the prospects are likely to improve further in the next two-three months when traders would start booking orders for Christmas from the west, the new markets of China and Russia are also helping the exporters. “There has been good demand, mainly for diamonds and diamond studded gold jewellery, from new markets like China and Russia,” he said. Segments like coloured gemstones, cut and polished diamonds and gold jewellery registered robust growth between 37% and 90%. The gems and jewellery exports accounted for about 15% in the country’s total exports worth $185 billion in 2008-09. The UAE is the main destination for India’s gems and jewellery, accounting for 31% of the total exports, followed by Hong Kong and the US. The gems and jewellery exports sector employs about 1.3 million people. Source: LatestNews-Home - Livemint.com | 3 Apr 2010 | 11:29 pm Apple fans eagerly touch and swipe first iPadsNow that the iPad is in the hands of early adopters, the hard work for Apple Inc. begins. Eager customers intent on being among the first owners of this new class of gadgetry, some from as far away as Europe, stood in long lines across the country on Saturday.Source: HindustanTimes.com - Top Business News Headlines | 3 Apr 2010 | 10:58 pm India Inc's M&A deal tally hits $19 billion so far this year - Economic Times
Source: Business - Google News | 3 Apr 2010 | 10:56 pm NALCO says 2009/10 aluminium output up a fifth - Moneycontrol.com
Source: Business - Google News | 3 Apr 2010 | 9:50 pm U.S. delays China yuan ruling ahead of Hu visitWASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Saturday he was delaying an April 15 report on whether China manipulates its currency but pledged to press for a more flexible Chinese currency policy.Source: Reuters: Money News | 3 Apr 2010 | 8:28 pm To issue first set of UIDs by Feb 2011: NilekaniThe ambitious project to issue identity numbers to all Indian residents is now gathering pace. Chairman of the Unique Identification Authority of India (UIDAI), Nandan Nilekani is confident of rolling out the first unique ID\'s by February next year.Source: Moneycontrol Top Headlines | 3 Apr 2010 | 3:35 pm Tatas renew Singur leaseEven after Tata Motors moved out of Singur in 2008 to Gujarat's Sanand, the company isn't giving up its leasehold rights on the vacant premises.Source: India Business News | Business News - Times of India | 3 Apr 2010 | 3:28 pm Much hyped iPad hits the marketApple's heavily hyped iPad went on sale today in the United States with the Apple flagship store in New York greeting hundreds of people who had waited since just after dawn with high fives, whooping and a New Year's Eve-style countdown.Source: HindustanTimes.com - Top Business News Headlines | 3 Apr 2010 | 2:24 pm 11-digit mobile numbers soon? - The Hindu
Source: Business - Google News | 3 Apr 2010 | 1:26 pm New and old IPL teams set to lock hornsDiscord brews over attempt to block auction of star players.Source: Business Standard | Front Page Headlines | 3 Apr 2010 | 12:53 pm Mumbai's Mithi may gasp for air despite oxygenMohit Vaz has been travelling in Mumbais local trains for over 20 years. He boards the train at Churchgate and alights at Vasai. Regardless of whether hes reading a newspaper or taking a nap, Vaz routinely whips out his handkerchief when the train approaches the Bandra station and covers his nose. I can smell the Mahim creek from a distance. The stench can be unbearable at times, rues Vaz.Source: Business Standard | Front Page Headlines | 3 Apr 2010 | 12:49 pm Union Bank ups term deposit rates 25-50 pointsState-owned Union Bank of India will raise retail term deposit rates by 25 to 50 basis points with effect from Monday, the bank said on Saturday.Source: Business Standard | Front Page Headlines | 3 Apr 2010 | 12:48 pm Job offers at Indian School of Business better than '09 - Business Standard
Source: Business - Google News | 3 Apr 2010 | 12:30 pm Reliance extends mobile service to GoaReliance Communication on Saturday announced extension of their mobile GSM services to Goa, which will be in addition to their existing CDMA base in this state. Source: HindustanTimes.com - Top Business News Headlines | 3 Apr 2010 | 12:21 pm Union Bank ups term deposit rates 25-50 points - Business Standard
Source: Business - Google News | 3 Apr 2010 | 11:05 am Reliance extends mobile service to GoaAkshay Kumar, Regional Head (Mumbai, Maharashtra, Goa, Tamil Nadu and Kerala) claimed that the coverage and capabilities of Reliance GSM would be much better compared to the rest.Source: Daily News & Analysis: Money News | 3 Apr 2010 | 10:05 am Doordarshan signs MoU with Satellite Information Services for Commonwealth Games'It has been planned to provide complete digital signals by 2017, for which a budgetary provision of Rs924 crore has been made and work on the project is to begin soon,' CEO BS Lalli said.Source: Daily News & Analysis: Money News | 3 Apr 2010 | 9:53 am Apple iPad has chips from Samsung, Broadcom, Texas InstrumentsIFixit, an Apple parts and repair specialist, took apart the iPad shortly after it went on sale at 9 am EDT (1300 GMT), and began to catalogue the device's parts.Source: Daily News & Analysis: Money News | 3 Apr 2010 | 9:37 am Don\'t want bank licences: SIDBIThe Small Industries Development Bank of India (SIDBI) says it is not intrested in applying for banking licenses. SIDBI\'s Chairman says it wants to remain a policybased financial institution.Source: Moneycontrol Top Headlines | 3 Apr 2010 | 9:32 am Daimler tried to tie up with Volkswagen, BMW, ToyotaAnalysts have been subdued about the benefits of a Renault-Nissan-Daimler deal, citing a lack of potential for immediate and quantifiable cost savings.Source: Daily News & Analysis: Money News | 3 Apr 2010 | 9:08 am UK's Mandelson attacks Barclays chief over payLONDON (Reuters) - British Business Secretary Peter Mandelson on Saturday called the president of Barclays bank the "unacceptable face of banking" in an unusually personal attack ahead of an imminent national election.Source: Reuters: Money News | 3 Apr 2010 | 9:00 am Daimler tried to tie up with VW, BMW, Toyota - reportFRANKFURT (Reuters) - German carmaker Daimler had been in talks for a tie-up with Volkswagen , Toyota and BMW before settling for Renault-Nissan, German magazine Der Spiegel reported.Source: Reuters: Money News | 3 Apr 2010 | 8:33 am Apple's iPad goes on saleApple's much-anticipated iPad goes on sale today. Eager customers have been lining up outside Apple Stores to be among the first to buy one. Source: HindustanTimes.com - Top Business News Headlines | 3 Apr 2010 | 8:19 am Nalco achieves all-time high productionSurpassing its previous record, the National Aluminium Company (Nalco) has achieved metal production of 4.31 lakh tonnes in 2009-10, against 3.61 lakh tonnes last year, company said on Saturday.Source: India Business News | Business News - Times of India | 3 Apr 2010 | 8:07 am Japan's Kan expects China to make wise decision on yuanBEIJING (Reuters) - Japan's Finance Minister said on Saturday he told Chinese Premier Wen Jiabao he expects China to make a wise decision about its yuan currency amid international pressure for China to let it strengthen.Source: Reuters: Money News | 3 Apr 2010 | 7:39 am BHEL earned Rs602 crore profit in 2009-10The executive director declared that for 2010-11 a target of Rs4,650 crore has been set and added that this was a challenging task in the present global economic situation.Source: Daily News & Analysis: Money News | 3 Apr 2010 | 7:26 am BHEL earned Rs 602 crore profit in 2009-10: DubeyBharat Heavy Electricals Limited (BHEL) Bhopal achieved a turnover of Rs 3,708 crore during 2009-10 against Rs 3,308 crore in the previous financial year, Executive Director of BHEL, Bhopal M K Dubey said today.Source: HindustanTimes.com - Top Business News Headlines | 3 Apr 2010 | 6:19 am IIM Calcutta raises course fee by 50%Kolkata: No more subsidy on course fees at Indian Institute of Management Calcutta (IIM-C) — the institute on Saturday decided to raise the fee for its flagship two-year post graduate programme in management by a whopping 50% to Rs13.5 lakh. The new course fee would be effective from the session beginning this year and is in line with the revised fees announced by IIM Bangalore and IIM Ahmedabad last week, Ajit Balakrishnan, chairman of IIM-C’s board of governors, said. IIM Ahmedabad and IIM Bangalore has raised course fees to Rs13.7 lakh and Rs13 lakh respectively. IIM-C is building a 300,000 sq. ft building within the campus, hiring new teachers and allocating more funds for research, Balakrishnan said, explaining why the course fee had to be raised. With this steep increase in course fee — the second in two years — IIM-C will fully recover costs, according to its chief administrative officer Dinesh Verma. “There could even be marginal gains whereas until a few years ago, under-recovery per student was as high as Rs7 lakh,” he added. Last year, IIM-C had raised course fee from Rs7 lakh to Rs9 lakh. To students who need financial assistance, IIM-C offers scholarships and fee waivers. Around 10% of its students currently receive 100% fee waiver, Balakrishnan said, adding that the institute was looking to offer more scholarships. aveek.d@livemint.com Source: LatestNews-Home - Livemint.com | 3 Apr 2010 | 6:09 am Apple's iPad hits store shelvesThe iPad goes on sale at 9am at the company's more than 200 retail outlets in the United States, along with many Best Buy stores.Source: Daily News & Analysis: Money News | 3 Apr 2010 | 6:07 am Apple’s iPad hits store shelvesNew York: Apple Inc’s iPad hits store shelves on Saturday and consumers at long last get to see for themselves whether the tablet device is worth all the breathless publicity. The iPad goes on sale at 9 a.m. at the company’s more than 200 retail outlets in the United States, along with many Best Buy stores. Wall Street is curious to see if the device -- touted as a bridge between a laptop and smartphone -- can win a mass following like the iPhone has, and will be monitoring crowds at Apple stores this weekend to gauge its appeal. The afternoon before the much hyped tablet computer went on sale, a smattering of customers lined up at stores in New York, Washington, Boston and San Francisco, in marked contrast to the thousands that ushered in the iPhone in 2007. With many able to pre-order the gadget since mid-March, there was little reason to stand in line ahead of Saturday’s 9 a.m. launch. Those who ordered early enough online get their iPads on Saturday, via pickup at a store or home delivery. Analysts say the company has already received several hundred thousands in pre-orders, with sales estimated at anywhere from 4 million to 7 million or more in the gadget’s first year. Much at Stake Apple unveiled the iPad in January after months of fevered speculation, and its stock has risen steadily over the last two months. It has plenty riding on the iPad, which it calls a new category of device: a lightweight media consumption device that tries to fuse the best attributes of a smartphone and a laptop. The iPad’s touchscreen measures 9.7 inches. At 1.5 pounds, the device resembles an oversized iPhone and runs on the same operating system. It starts at $499 for a short-range Wi-Fi model, topping out at more than $800 for a 3G-enabled version. The iPad is designed for using media of all sorts, including games, video, pictures, electronic books and magazines. It can access roughly 150,000 already existing iPhone apps, as well as new ones freshly designed for the iPad. Apple is also launching its own digital book business to compete with the Kindle from Amazon.com Inc and other e-readers and e-books. The iPad is the first in a wave of lightweight tablet devices that are expected to hit the market later this year from rival vendors, including Hewlett-Packard Co and Dell Inc. The big question is whether the iPad can attract a mainstream following beyond the first few months of excitement and into next year. Technology enthusiasts have praised the iPad’s beautiful screen and fast Web browser, but also have pointed out some missing pieces. It lacks a camera, cannot run more than one app at a time, and it cannot view popular video sites that use Adobe’s Flash software. Reviewers at The New York Times and The Wall Street Journal said the iPad works nicely for Web surfing and multimedia -- but may appeal less to people who need computers for more heavy-duty chores. Saturday’s iPad launch is only in the United States, and only for the Wi-Fi model. It will be available in nine other countries later this month. Source: LatestNews-Home - Livemint.com | 3 Apr 2010 | 5:43 am Apple’s iPad hits store shelvesNew York: Apple Inc’s iPad hits store shelves on Saturday and consumers at long last get to see for themselves whether the tablet device is worth all the breathless publicity. The iPad goes on sale at 9 a.m. at the company’s more than 200 retail outlets in the United States, along with many Best Buy stores. Wall Street is curious to see if the device -- touted as a bridge between a laptop and smartphone -- can win a mass following like the iPhone has, and will be monitoring crowds at Apple stores this weekend to gauge its appeal. The afternoon before the much hyped tablet computer went on sale, a smattering of customers lined up at stores in New York, Washington, Boston and San Francisco, in marked contrast to the thousands that ushered in the iPhone in 2007. With many able to pre-order the gadget since mid-March, there was little reason to stand in line ahead of Saturday’s 9 a.m. launch. Those who ordered early enough online get their iPads on Saturday, via pickup at a store or home delivery. Analysts say the company has already received several hundred thousands in pre-orders, with sales estimated at anywhere from 4 million to 7 million or more in the gadget’s first year. Much at Stake Apple unveiled the iPad in January after months of fevered speculation, and its stock has risen steadily over the last two months. It has plenty riding on the iPad, which it calls a new category of device: a lightweight media consumption device that tries to fuse the best attributes of a smartphone and a laptop. The iPad’s touchscreen measures 9.7 inches. At 1.5 pounds, the device resembles an oversized iPhone and runs on the same operating system. It starts at $499 for a short-range Wi-Fi model, topping out at more than $800 for a 3G-enabled version. The iPad is designed for using media of all sorts, including games, video, pictures, electronic books and magazines. It can access roughly 150,000 already existing iPhone apps, as well as new ones freshly designed for the iPad. Apple is also launching its own digital book business to compete with the Kindle from Amazon.com Inc and other e-readers and e-books. The iPad is the first in a wave of lightweight tablet devices that are expected to hit the market later this year from rival vendors, including Hewlett-Packard Co and Dell Inc. The big question is whether the iPad can attract a mainstream following beyond the first few months of excitement and into next year. Technology enthusiasts have praised the iPad’s beautiful screen and fast Web browser, but also have pointed out some missing pieces. It lacks a camera, cannot run more than one app at a time, and it cannot view popular video sites that use Adobe’s Flash software. Reviewers at The New York Times and The Wall Street Journal said the iPad works nicely for Web surfing and multimedia -- but may appeal less to people who need computers for more heavy-duty chores. Saturday’s iPad launch is only in the United States, and only for the Wi-Fi model. It will be available in nine other countries later this month. Source: Tech News - Livemint.com | 3 Apr 2010 | 5:43 am Reliance not seen renewing Iran crude import dealReliance Industries will not renew a contract to import crude oil from Iran for financial year 2010, two sources familiar with the supply deal said on ThursdaySource: Moneycontrol Top Headlines | 3 Apr 2010 | 5:29 am Whoops! Why Everyone Owes Everyone and No One Can PayThe book has a nice and easy explanation of the banking system, which was the epicentre of the crisisSource: Moneycontrol Top Headlines | 3 Apr 2010 | 5:29 am Struggling JAL to cut 50 routes: reportsStruggling Japan Airlines expects to cut about 50 routes including international and domestic flights this financial year in its bid to return to profitability, reports said today.Source: HindustanTimes.com - Top Business News Headlines | 3 Apr 2010 | 4:59 am Japan Airlines to cut more international routesThe airline, being restructured with the help of a state-backed turnaround fund after filing for bankruptcy in January, also plans to cut around 30 domestic routes.Source: Daily News & Analysis: Money News | 3 Apr 2010 | 4:20 am Greek PM calls for end to cronyism, keeps supportATHENS (Reuters) - The worst of Greece's financial crisis is over but the debt-stricken country must tackle cronyism and cut back on waste to emerge a stronger nation, Prime Minister George Papandreou said.Source: Reuters: Money News | 3 Apr 2010 | 3:19 am Sensex extends weekly gains for 8th week; closes up 48 ptsThe Sensex continued its northward journey for the eighth straight week ending higher by 48 points at 17,793.01 points on weekly basis after sustained buying by foreign funds.Source: India Business News | Business News - Times of India | 3 Apr 2010 | 2:32 am
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