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Dubai crisis singes markets
The markets succumbed to Dubai debt repayment crisis in the latter half of the week. The Smart Portfolios benchmark, the S&P CNX 500 index swung in a range of nearly 6 per cent - from a weekly high of 4,217 the index tumbled to a low of 3,967. The index finally ended the week with a loss of 1.9 per cent (79 points) at 4,069.

Areva T&D okays sale of assets
Power transmission and distribution company Areva T&D India today said its shareholders have approved sale, lease or transfer of its undertakings.

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Wockhardt divests animal health division
Pharma major Wockhardt today said it has completed the sell-off process of its animal health division to France-based Vetoquinol SA.