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Lunch with BS: Karl Slym
Kanika Datta / New Delhi December 1, 2009, 20:41 IST

Taro tells shareholders to keep Sun at bay
Ahead of its upcoming annual general meeting on December 31, 2009, Israeli drug firm Taro Pharmaceutical today asked its shareholders to reject a takeover bid by India"s Sun Pharmaceuticals.

News of the day

FIIs to obtain RBI nod for buying Maruti shares
The Reserve Bank of India (RBI) today said that foreign institutional investors (FIIs) would be allowed to buy more shares of Maruti Suzuki but only after obtaining approval from the central bank.
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US markets end marginally lower

The US markets had an unspectacular day of trade. Dow Jones closed at 10,426.30, lower by 11.11 points or 0.11%, Nasdaq ended at 2193.14, weaker by 10.64 points or 0.48%, and S&P shut at 1109.8, down 0.52 points or 0.05%. - Oil rises further in Asian trade - US markets close in the green - US market ends firm; MTNL ADR up 3% - US markets ends higher on strong retail news - US markets drop on energy shares - US markets gain on strong data, growth forecast The Indian ADRs ended on a mixed note. On the loser"s side, HDFC shut at $134, down $2.62 points or 1.92%, MTNL ended at $3.31,lower by $0.04 points or 1.19%, and Dr Reddy"s closed at $23.97, down by $0.33 points or 1.36% Infosys ended at $52.05, weaker by $0.52 points or 0.99%, and Satyam closed at $5.15, down $0.05 points or 0.96%. The winners included Tata Motors (stronger by $0.13 points or 0.94% at $13.99), Tata Communications (higher by $0.06 points or 0.38% at $15.99) and Wipro (up $0.10 points or 0.49% at $20.50).


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