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News In Pictures: 05 March 2009

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STAYING PUT: Wall Street bank Goldman Sachs said on Thursday it has no plan to sell its 5 per cent stake in the National Stock Exchange of India, refuting a local media report, spokesman Edward Naylor said. Goldman Sachs along with the New York Stock Exchange, private equity firm General Atlantic and Softbank's Asian infrastructure fund bought a 20 per cent stake in the NSE, India's largest bourse, for $490 million in 2007. (Reuters)


SLOWER MOMENTUM: Infosys Technologies is seeing a slowdown in getting new outsorcing contracts but has had no large-scale cancellation, Chief Financial Officer V. Balakrishnan said on Thursday. "People are very selective in their spending," he said. (Reuters)


CRUDE SHOCK: Oil eased below $45 on Thursday, after surging nearly 9 per cent overnight on government data showing a surprise drop in US crude stocks, which could signal recovering demand in the world's top energy consumer. (Reuters)

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