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Jamshedpur or Tatanagar - A Steel City, A Green City of India

Quotes @ Tatanagar

“Nationalism is an infantile sickness. It is the measles of the human race.”

Albert Einstein

Simpons @ Tatanagar

Barney: 40 dollars!? This better be the best damn beer ever.. [drinks beer] You got lucky.

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International Business-News-The Economic Times
The Economic Times: Latest business, finance, markets, stocks, company news from India.

Lockheed beats Boeing to win $3.57 bn GPS contract Lockheed Martin Corp beat out Boeing Co to win an Air Force contract worth up to $3.57 billion to build as many as 12 next-generation global positioning satellites. Venezuela and Brazil plan joint steel plant Venezuela plans to build a 1.5 million tonne per year steel plant with the help of a Brazilian company, the government said on Thursday. IFC, StanChart deal seeks to boost microfinancing The World Bank and British bank Standard Chartered Plc hope to expand funding for microfinance lending in Africa and Asia in a deal that issues credit-linked notes backed by loans. Lloyds TSB to offshore 450 jobs to India Lloyds TSB, British bank major, has decided to move 450 information technology jobs, 250 of them permanent, to India provoking immediate hostility from bank unions. United in alliance talks with Continental: sources United Airlines has begun talks with Continental Airlines Inc on a possible alliance, even as its merger talks with US Airways Inc continue, sources briefed on the matter said. US Gulf oil industry gears up for 2008 hurricanes US government and offshore oil industry officials touted their readiness for the 2008 hurricane season, including a new effort to strengthen "high-consequence" structures in the US Gulf of Mexico. Transfield says sees FY08 profit below consensus Australia's Transfield Services Ltd expects net profit in fiscal 2008 in a range of A$105 million to A$110 million ($99-104 million), below market consensus. GE may sell appliances unit General Electric may sell or seek a partner for the unit that makes refrigerators and washers, ending more than a century in an industry that helped make GE a household name, people familiar with the situation said. Rough economy cuts into pay for US CEOs: Study The study found that the CEOs of 50 large US cos took the sharpest cut in total direct compensation last year. Day in Pics I Cannes Film Festival I Gainers & Losers Bernanke urges banks to raise capital if needed Financial market turmoil underscores the need for "generous" capital cushions, and banks need to actively raise money as needed, US Federal Reserve Chairman Ben Bernanke said on Thursday. Forbes to cut staff, close plant in restructuring Canadian biotech firm Forbes Medi-Tech Inc said on Thursday it will cut about one-third of its staff as it drops drug development work to focus on its nutraceutical food and dietary supplement business. French banks hit again by subprime losses French banks Credit Agricole and Natixis reported more heavy losses on Thursday as financial market turmoil mauled their business, forcing them to cut costs and raise cash to repair the damage. GM reaches Canadian Auto Workers deal The Canadian Auto Workers union and General Motors Corp have reached a tentative agreement on terms for a new contract after bargaining through the night, a spokeswoman for the union said on Thursday. Brewer SABMiller cheers 23 per cent profits rise Britain-based brewer SABMiller said on Thursday that annual net profits surged by 22.6 per cent and added it would continue to benefit from the strength of its brands and investments amid higher costs. Daimler raw material bill to rise 500 million euros: CFO Daimler AG's raw materials bill will rise by 500 million euros ($775.7 million) this year, the German carmaker's finance chief said, but it will cut costs elsewhere to offset the drag on earnings.

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