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100% returns = 100% trouble
Invest Rs 1 lakh in property or stocks and double it in six months’. Many would have received variants of this SMS in recent months.

Goldman Sachs may shift London ops: report
The US financial services major Goldman Sachs is reviewing whether to move some of the company"s operations out of London, following the introduction of 50 per cent bonus tax in the UK, says a media report.

News of the day

Pantaloon books 22-mn sq ft space, to spend more on fashion
Kishore Biyani-led Pantaloon Retail India has booked a total of 22-million sq ft of retail space and plans to make 3-million sq ft operational every year over the next 3-4 years.
Management

Whistling in the dark

Monday and Tuesday were supposed to be the days for the mock auction for 3G spectrum, with the final auction to be held on January 14. Naturally, then, reporters rushed to meet Telecom Minister A Raja when the last date for the mock auctions passed without anything happening. Instead of announcing a new date, or giving the usual “no comment”, Raja surprised everyone by saying, “The date has not been pushed.”


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