this type of price leadership, there is generally one firm which produces the bulk of the product of the industry. By virtue of this position, it is able to dominate the entire market. It sets the price and the other firms simply accept this price.The other firms are not in a position to exercise any influence on the market price. So, the dominant firm fixes a price so as to maximize its profits. The...
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MUMBAI: After FMCG firms and marketers, now venture capital firms are discovering rural India. US-based venture capital firm Walden International, which re-entered India in June 2008 after a gap of nearly four years, has made its first investment in a firm focused on the rural market, CoOptions Technologies. Infosys co-founder NS Raghavan is an early investor in the firm through his VC firm Nadathur...
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visitWall Street is growing concerned that financial firms including Citigroup Inc. are at risk of facing stiff losses from some complicated tax-related assets that could soon fall in value and hurt the firms' capital.When lenders and financial firms book quarterly losses, as many have repeatedly during financial crisis, they are allowed to book credits against future tax bills they will face in the...
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Contrary to most IT service firms' rhetoric of a probable revival in IT spending by companies in the West, surveys coming out from the US and Europe speak of prolonged unpredictability in IT budgets.A survey conducted by IT major Hewlett-Packard (HP) found over 90% of firms felt "business buying cycles will be unpredictable over the next few years, meaning all hardware and software vendors need to...
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Sugar firm Tate & Lyle will become the latest firm to close its final-salary pension scheme.The scheme will close to 400 current employees , half of its UK workforce, next April after statutory consultation.Meanwhile, three days of strikes have been declared at the computer firm Fujitsu, partly over plans to close its final-salary scheme to existing staff.The strikes at Fujitsu, by members of the Unite...
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Half of all UK employers plan to freeze pay altogether despite signs of economic recovery, a survey suggests.The research by employers' group CBI and recruitment firm Harvey Nash also found that only 4% of firms surveyed plan to give above-inflation pay rises.But the number of firms not hiring new staff has dropped significantly, from 61% in the spring to 31%, it suggested.Fewer firms also saw the...
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government has decided not to award new contracts to the seven defence firms named by the CBI in an FIR against former director-general of Ordnance Factory Board, Sudipto Ghosh in May 2009.Existing contracts will also continue to be on hold, said a defence ministry official on Wednesday. In cases where deals have been concluded and executed, action would be taken against the firms as per provisions...
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remained firm in mid-morning trade on firm Asian markets and overnight surge in US stocks triggered by positive economic data in the US. The BSE 30-share Sensex was up 211.13 points or 1.31%. Telecom, auto, banking and realty stocks gained. Oil exploration firms rose on rise in crude oil prices. The market breadth was strong.The government on Thursday mandated more sales of shares by state-run firms...
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from a mobile phone company have sold records belonging to thousands of customers without their knowledge, the UK information watchdog has said.Christopher Graham told the BBC that the details had been sold on to brokers for substantial sums.They were allegedly used by other firms to cold-call customers of the unnamed firm as their contracts neared expiry.The suspected breach emerged after the firm...
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visitCitadel Investment Group LLC told investors it would fully lift its 10-month ban on withdrawals from the hedge-fund firm.The Chicago firm also confirmed that a banker it hired last year to build an investment bank, Rohit D'Souza, was leaving.The developments showcase the challenges facing the firm that manages $14 billion in assets as it tries to recover from a grim 2008 for its hedge funds while...
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