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Mar 9: MCX dream debut

  • Mar 9: MCX dream debut

    Mar 9: MCX dream debut

  • Exports, imports  rise

    A worker climbs a container to release the crane clamp after it was loaded onto a supply truck at Thar Dry Port in Sanand, in Gujarat

    Exports grew by 4.3% year-on-year to $24.6 billion, while imports increased by 20.6% in February, Commerce Secretary Rahul Khullar said today.

    Imports stood at $39.8 billion in February 2012, resulting in a trade deficit of $15.2 billion.

    (Pictures by Reuters)

  • L&T splits top position

    A labourer assembles iron chain link fence at a factory on the outskirts of Jammu

    Construction and engineering major Larsen &Toubro (L&T) appoints K Venkataramanan as the new Chief Executive Officer (CEO) and Managing Director (MD). AM Naik, the present Chairman and MD, will continue to be the executive chairman of the Group.

    The changes in the top management will take effect from April 1, 2012.

    Board meeting held today, L&T's Board of Directors decided to bifurcate the role of the Chairman and MD in two positions.

  • Pandit gets his salary

    Vikram Pandit, Chief Executive Officer of Citi, speaks during the opening of Citi's new flagship branch at Union Square in New York

    Citigroup Chief Executive Vikram Pandit finally got his payday. The third biggest US bank company paid Pandit $14.86 million in 2011, compared with a salary of $1 and no bonus in 2010, according to a filing with the Securities and Exchange Committee.

    The 2011 payout included salary of $1.7 million and cash supplemented by a cash bonus of $5.3 million and options valued at $7.8 million.

  • Greece debt swap offer

    An owl, copied from an ancient Athenian 4 drachma coin, is seen on the face of a worn standard one-Euro coin issued in Greece in this illustration taken in Paris

    Greece successfully closed a bond swap offer, biggest sovereign debt restructuring in history will see bond holders accept losses of some 74% on the value of their investments in a deal that will cut more than 100 bn euros from Greece's crippling public debt

    Officials said take-up had clearly surpassed the minimum threshold required for the deal to go through, despite early fears that it could fall apart and derail a broader rescue package that Athens desperately needs to stave off bankruptcy.

  • Developers to use payment service

    A man walks past a Google logo drawn with chalk on a wall at the Google campus near Venice Beach, in Los Angeles

    Google has been pressuring applications and mobile game developers to use its costlier in-house payment service, Google Wallet, as the Internet search giant tries to emulate the financial success of Apple's iOS platform.

    Google warned several developers in recent months that if they continued to use other payment methods - such as PayPal, Zong and Boku - their apps would be removed from Android Market, now known as Google Play, according to developers, executives and investors in mobile gaming and payment sectors.