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SEC gets staff recommendation to allow third-party exams

Securities and Exchange Commission Chairwoman Mary Jo White said Tuesday the agency has progressed in its consideration of a rule to allow third-party examinations of investment advisers. “The staff has completed their recommendation [to allow third-party exams]: a proposal which is now with my fellow commissioners,” Ms. White...
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M&M introduces Intelli-Hybrid Technology on Scorpio

Mumbai, Sep 27 (IANS) Automobile manufacturer Mahindra & Mahindra (M&M) on Tuesday said it has introduced its new mild hybrid technology ‘Intelli-Hybrid on the New Generation Scorpio with 1.99 litre mHAWK engine for Delhi and NCR (national capital region). The company said the Scorpio with Intelli-Hybrid is available...
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IGIA achieves carbon neutral status, first in Asia-Pacific region

New Delhi, Sep 27 (IANS) The Delhi International Airport Limited (DIAL) on Tuesday said the national capital’s Indira Gandhi International Airport (IGIA) has become the first airport in the Asia-Pacific region to achieve carbon neutral status. DIAL is a GMR Group-led consortium which manages and operates IGI airport....
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emerging markets get tougher for drugmakers

LONDON (Reuters) – Emerging markets have lost their lustre for Big Pharma making drug firms ever more dependent on the United States for growth just as American anger over high medicine prices is building. A few years ago, the developing world was seen as a saviour as patent after...
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Wall Street rally continues after Fed rate decision

  REUTERS – U.S. stocks soared on Thursday, with the Nasdaq hitting a record intraday high, a day after the Federal Reserve stood pat on interest rates. While the Fed said the risks to economic outlook were roughly “balanced”, it left rates unchanged as inflation continued to run...
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Gold gains as investors bet against Fed hike

LONDON (Reuters) – Gold rose for a second straight session on Tuesday as the dollar dropped ahead of a two-day U.S. Federal Reserve meeting that investors are betting will leave interest rates unchanged. Spot gold was up 0.2 percent at $1,314.76 an ounce by 0955 GMT, with U.S....
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Sensex, Nifty fall; Fed, BOJ outcomes awaited

REUTERS – Indian shares fell on Tuesday after four sessions of gains as sentiment across the globe was cautious ahead of the outcomes of the Federal Reserve and the Bank of Japan’s policy meetings later this week. The consensus is that the Fed will leave interest rates unchanged,...
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Iran supports any move to stabilise oil market – Rouhani

DUBAI (Reuters) – Iran’s President Hassan Rouhani said Tehran supports any move to stabilise the global oil market and lift prices, the Iranian oil ministry news agency SHANA quoted him as saying on Sunday. “Instability and falling oil prices are harmful to all countries, especially oil producers,” Rouhani...
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