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Strange but true
RBS/Lloyds: The UK’s two big state-owned banks may be in for a re-branding. Royal Bank of Scotland and Lloyds Banking Group could end up being the country’s largest private equity firms.

Tengzhong seeks govt approval for Hummer deal
Chinese heavy machinery maker Tengzhong said today it expected to get regulatory approval for its acquisition of the iconic Hummer brand from General Motors this year or early next.

News of the day

India to launch ocean satellite in second half of next month
India would, by the second-half of September, launch Oceansat-2 into the space, Indian Space Research Organisation (ISRO) Chairman G Madhavan Nair said.
Online Business

Some relief... New market timings from Jan 4

Based on the market feedback, both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have decided to postpone the implementation of new markets timings by more than a fortnight. According to a release issued by NSE, it has been jointly decided by NSE & BSE that the revision of market open timing to 9 am shall be effective from January 4, 2010. In the interim, the current market open timing of 9.55 am shall continue.


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