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Facebook IPO Said to Get Weaker-Than-Forecast Demand-

Facebook Inc’s initial public offering has so far generated lower-than-expected demand from institutional investors who are concerned about the company’s growth prospects, people with knowledge of the matter said.

Black money: Snoop agencies report real estate as top violator

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NEW DELHI: Economic intelligence agencies have informed the  Finance Ministry  that a major chunk of illegal funds and  black money  is being generated and routed in the  real estate  sector of the country. 

India to lose the 'I' in BRICS????

New Delhi:  Indian babus tried to persuade S&P men to raise its rating , but were rudely shocked at what transpired thereafter. Standard & Poor's (S&P) credit analyst Takahira Ogawa listened politely as Indian govt officials at the finance ministry made an hour-long pitch for a ratings upgrade, citing economic growth prospects, revenues and their efforts to contain the government's fiscal deficit.