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iGate sacks CEO Phaneesh Murthy
Outsourcing company iGate Corp said it had sacked its Chief Executive Phaneesh Murthy for not disclosing a relationship with a subordinate after investigating one of India's best-known IT executives for sexual harassment. Full Article
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Rupee at 1-week high; GAAR delay helps
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An Indian one rupee coin is seen in this picture illustration taken in Mumbai April 30, 2012.
Credit: Reuters/Vivek Prakash
Reuters Market Eye - Rupee at 52.7450/75, after rising earlier to a one-week high of 52.68 in intraday trade vs 52.9150/9250 last close. Dealers say positive sentiment on foreign fund inflows on GAAR delay, fears of an active RBI helping rupee.
Local stock, however, down 0.4 percent, bucking positive Asian trend.
Dealer tips 52.60-53.00 range for session.
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