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Friday 3 August 2012

business news


Business

Rupee looks vulnerable again, may depreciate further

Economic Times - 
In the worst-case scenario, rupee risks getting caught in the same maelstrom of global and domestic risk factors that pushed it to record lows in May.

June-Sept rains likely to be 15% below average: IMD

Moneycontrol.com - 
India's monsoon rains in June to September are likely to be 85% of the long-period average, the weather office chief said. India's monsoon rains in June to September are likely to be 85% of the long-period average, the weather office chief said.

India's services growth index falls slightly: HSBC

Times of India - 
NEW DELHI: India's services sector growth rate saw a slight fall in July but remained in the positive terrain for the ninth month in a row, amid rise in new orders and employment levels holding up, an HSBC survey says.

Mahindra Satyam shares hit 52-week high, Tech Mahindra close to its 52-week high

Hindu Business Line - 
Shares of Mahindra Satyam surged the maximum possible limit of 10 per cent in early trade after the IT major came out with strong quarterly financial performance beating street expectation.

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