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SC appoints Gavaskar interim BCCI chief for IPL 7

The Supreme Court installed batting legend Sunil Gavaskar as the interim head of India’s troubled cricket board on Friday after forcing the scandal-tainted incumbent N Srinivasan from office. Three days after warning Srinivasan they would order him to stand down ...

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Freddie Mac Said to Plan Risk-Sharing Bonds After Debt Soars

Freddie Mac (FMCC) is planning to sell $966 million of bonds tied to the risk of homeowner defaultsafter investors that bought in earlier sales reaped gains, according to a person with knowledge of the transaction. The government-controlled mortgage firm’s offering ...

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Bill to replace Fannie, Freddie with new housing-loan structure

The top Democrat on the U.S. House Financial Services Committee on Thursday introduced a draft proposal to abolish Fannie Mae and Freddie Mac and create a new lender-owned cooperative that would issue government-backed loans. Representative Maxine Waters of California outlined ...

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BlackBerry replenishes Z10 stock in India

Canadian smartphone maker BlackBerry has replenished stocks of its Z10 touchscreen model that were sold out in India after a 60% discount on the price. “BlackBerry Z10 has now been restocked across BlackBerry’s retail network across the country and on ...

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Rajnath invokes Vajpayee legacy

BJP chief and Lucknow candidate Rajnath Singh kicked off his campaign on Wednesday by invoking Atal Bihari Vajpayee’s legacy as he arrived in the city with the former PM’s close aide Shiv Kumar. “After I was declared party candidate, he ...

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Rupee gains 34 paise to end at 8-month high against dollar

In line with rising local equities, the rupee on Wednesday firmed up by 34 paise to close at eighth-month high of 60.14 against the dollar on sustained capital inflows. Dollar selling by exporters and some banks also aided the rupee ...

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Srinivasan refuses to quit, leaves all in suspense

N Srinivasan is looking set to stretch it to the last over. Belying expectations in cricket circles that the BCCI president would step down on Wednesday after the scathing comments made by Supreme Court the previous day, Srinivasan did not ...

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AAP candidate Balakrishnan declares Rs 190 crore assets

Former Infosys board member and Aam Aadmi Party candidate for Bangalore Central Lok Sabha seat V Balakrishnan has declared his and his family’s assets at about Rs 190 crore. Balakrishnan, who quit Infosys on December 31 and joined AAP the ...

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