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Facebook surrenders its privacy in IPO documents
Facebook is baring its business soul.The unveiling came late Wednesday when the company that depends on people to share their lives online filed its plans to raise $5 billion in an initial public offering of stock. It's a revelatory moment that prospective investors, curious competitors and nosy reporters have been awaiting for two years. During that time, Facebook established itself as a communications

Direct tax mop-up may not meet target

With industrial growth picking up, the finance ministry is hopeful of meeting its budgeted target for indirect tax collections, but its direct tax kitty may fall short of the Budget estimate by Rs

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RBI empowers banks on end-use of ECB funds

Banks will now have greater say with respect to Indian companies raising external commercial borrowings (ECBs). The Reserve Bank of India (RBI) has empowered banks to make changes in the end-use of

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Vidya Balan to do an item number

Mumbai, Jan 16 (IBNS) Following the huge success of The Dirty Picture, Vidya Balan is preparing to take Ooh la la to all new heights; with her very first item number in the Rajesh Mapuskar directed Ferrari Ki Sawaari under the banner of Vinod Chopra Films.

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IIP: random matrix

The volatility in the Index of Industrial Production (IIP) figures each month has become so common that it surprises nobody. But it has certainly attracted its share of humour. Asked to comment on

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Trai plans to issue licences without spectrum
In a consultation paper on draft guidelines released on Monday, the Telecom Regulatory Authority of India (Trai) said future licences should be given without any spectrum.

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