BUSINESS

Carlyle Sells Its Stake In HDFC For $841 Million

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U.S.-based global fund house Carlyle sold its 3.7 percent stake in India’s mortgage major Housing Finance Development Corporation (HDFC) Ltd for nearly 43 billion rupees ($841 Million) Friday.

Asian Stocks Gain On US Data, ECB Promise

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Asian stocks markets mostly advanced Friday as the better-than-expected U.S. economic data and the comments from ECB President Mario Draghi added to the positive sentiment.
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Asian Shares Up, Euro Steady On ECB Move

Asian shares rose and the euro kept most of its overnight gains Friday as investor risk aversion eased after the European Central Bank said it was ready to buy bonds of troubled euro zone countries.
Commuters pass by Nasdaq headquarters in New York.

IPO Lawsuits Merged In Win For Facebook

Dozens of lawsuits over Facebook's IPO fiasco against Facebook, Nasdaq and various underwriters will be centralized before a federal judge in New York, a panel of federal judges ordered Thursday.
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India Approves FDI In Insurance, Pension Sectors

India’s cabinet Thursday approved a 49 percent Foreign Direct Investment (FDI) in insurance and opened up the pension sector to the foreign companies, providing the much needed momentum to the Indian economy.
Traders work on the floor of the New York Stock Exchange

Growth Optimism Lifts US Stock Futures

The U.S. stock index futures point to a higher open Thursday as market sentiment was buoyed by the optimism that the economy is strengthening and monetary easing measures will further bolster the economic growth momentum.

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