Commenting on the numbers, US President Brack Obama said this showed that the country’s economy was “in a much better place”. The economic heartbeat is stronger today, he said, adding that the GDP report milepost was on its road to recovery. \”The economy which shrank last year is now growing.\”
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An empowered group of ministers (EGoM) headed by Finance Minister Pranab Mukherjee has been constituted to consider a plan to free up retail prices of petroleum products, reports CNBCTV18.
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Federal civil fraud allegations against Goldman Sachs Group Inc. over a 2007 mortgage derivatives deal have drawn concern from some clients at the firm\’s alreadychallenged money management unit.
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Companies with a forex exposure could be staring at a fresh tax liability. This is because a recent CBDT instruction says forex derivative losses are not tax deductible. CNBCTV18\’s Isha Dalal and Ashwin Mohan reports.
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Speaking exclusively to CNBC TV18, Shyamala Gopinath, the RBI Deputy Governor said that companies and banks have become wiser after their experience and hence they are open to the product continuing.
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Longer, wider and muscularthat\’s the new 5 Series BMW in India, its largest selling car globally. CNBCTV18’s Swati Khandelwal Jain reports that the company is betting big on its volumes to maintain a leadership position.
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A massive oil spill in the Gulf of Mexico washed up to wildlife refuges and seafood grounds on the Louisiana coast on Friday, as authorities struggled to avert what could become one of the worst US ecological disasters.
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Famed investor Warren Buffett will address the allegations facing Goldman Sachs Group Inc at his Berkshire Hathaway Inc holding company\’s annual meeting on Saturday, according to the Wall Street Journal.
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