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LATEST NEWS |
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 Title : Set to create significant number of jobs in India |
Decription : Just a week after the $3.9-billion Perot Systems buyout by Dell,even bigger a deal has hit the market on Monday with Xerox
Corporation announcing its acquisition of Dallas-based Affiliated Computer Services (ACS),a BPO provider,for $6.4 billion.The deal is expected to create ‘‘significant number’’ of additional jobs in India as cost optimisation is going to be great focus for Xerox.In fact,Xerox expects to achieve annualised cost synergies in the range of $300-$400 million in the first three years by using ACS’ back-office expertise to handle latter’s internal functions.
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| Title : Oil prices jump above $75 a barrel to 1-year high |
Decription : Oil prices jumped above $75 a barrel on Wednesday for the first time in a year on investor optimism crude demand will improve ahead of the Christmas shopping season.A weak dollar—which makes commodities cheaper for international investors—was also bolstering prices.Benchmark crude for November delivery was up 95 cents to $75.10 by afternoon European electronic trading on the New York Mercantile Exchange.The price reached $75.15 earlier in the day,the highest since October 2008.The contract gained 88 cents to settle at $74.15 on Tuesday.
Oil has traded between $65 and $75 since May as traders have considered mixed crude supply and demand data.
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| Title : Cipla launches drug to treat Swine flu virus |
| Decription : Drugmaker Cipla on Wednesday launched its generic version of Roche's Tamiflu, used in the treatment of the H1N1 swine flu virus. The drug has been cleared by the WHO cleared and it will now be available in select drug stores in India
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