RBI Policy Review

Apple expands buybacks by $30 billion, OKs 7-for-1 stock split

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SAN FRANCISCO - Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors.

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Facebook Q1 revenue grows 72 percent on rising mobile ads

SAN FRANCISCO - Facebook Inc's mobile advertising business accelerated in the first three months of the year, helping the Internet social networking company top Wall Street's financial targets.

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Zynga's Pincus withdraws from operations amid turnaround

SAN FRANCISCO - Zynga Inc co-founder Mark Pincus is relinquishing the last of his operational duties at the social gaming company starting on Wednesday and retreating to an advisory role as Chief Executive Officer Don Mattrick pushes through a restructuring plan.

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Reliance Q4 sales rise, refining margin narrows

MUMBAI - Energy company Reliance Industries Ltd posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oil refining business offset higher revenue.

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Ex-Goldman director Rajat Gupta starts prison term on June 17

NEW YORK - Former Goldman Sachs Group Inc director Rajat Gupta is expected to begin his two-year prison term on June 17 for insider trading.

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India passes halfway mark in election with Hindu nationalists gaining strength

BANGALORE - India called a quarter of its 815 million voters to polls on Thursday, the biggest day of its staggered election, in areas ranging from Himalayan passes to a southern IT hub and western sugarcane farms.