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Markets tank, Sensex sheds over 700 pts
The Sensex fell below 12,000 points for the first time in more than two years on Monday.
Global crisis to end in 1-2 yrs: Merrill
Merrill Lynch's vice chairman said global crisis would continue for next 18 months to two yrs.
US consumer spending shrinks 3%: Report
American consumers have been cutting back on their spending by over three pct in response to ongoing financial crisis.
Oil slips to $90 per barrel, at 8-month low
Oil prices slumped 4 per cent to USD 90 per barrel on Monday, falling for the fourth straight day.
Nomura to acquire Lehman's India operations
Nomura Holdings would acquire the back-office operations of collapsed US investment bank Lehman Brothers in India for an undisclosed sum.
Direct tax receipts up 33%, at Rs 1.47 lakh crore
India's direct tax receipts during the April-Sept period rose 32.5 per cent from a year earlier.
State banks' risk management robust: RBI
Indian private sector banks with an overseas presence will be affected to some extent by the global financial crisis.
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