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Advertisers stump BCCI on sponsorship
The Men in Blue haven’t quite got a thumbs up from advertisers for the team’s sponsorship, with virtually no takers for forms that are up for sale to bid for the sponsorship of the Indian cricket team till this evening. Sale of forms closed today and tomorrow is the last date for bids.

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Govt approves extension of order benefits to sick ITI
In an attempt to revive loss-making telecom equipment manufacturer ITI, the government today approved a proposal under which the company will continue to get orders for 30 per cent of products requirement of BSNL and MTNL in reservation quota.

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FM may mull stimulus withdrawal post Q2, Q3 growth
The government today said it may take a call on exiting from fiscal stimulus after reviewing the economic growth in the second and third quarters of this financial year.
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US markets ended on a positive note; Dow Jones up 1%

The Dow Jones industrial average advanced to its highest close in 14 months on Tuesday as a weak dollar boosted natural resource companies" shares and economic data reinforced hopes for a sustainable recovery. - Markets spurt on positive global cues; auto, pharma, metals lead - Dubai World in talks to recast $26 billion debt - Dow gains as Dubai debt woes eases - US markets close weak - US markets end in the positive - Bull run in commodities may continue The Dow Jones industrial average shot up 127 points (1.23%) to end at 10,471.58. The Nasdaq Composite Index advanced 31 points (1.46%) to close at 2,176. All the Indian ADRs ended on a positive note. Tata Motors zoomed 11% to $15.9. Sterlite soared 4% to $19.07 and Genpact zoomed 3.5% to $13.45, respectively. MTNL and Dr Reddy"s advanced over 3% each to $.35 and $24.98, respectively. Wipro and Mahindra Satyam added over 2% each at $20.47 and $4.4, respectively.


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