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Business & Finance

• TCS Weighed by Burden of Expectation

  Tata Consultancy Services matched expectations with its third quarter results, but investors have given the company's stock the thumbs down.

• Nippon Life to Invest in Reliance Capital Asset Management

  Japan's biggest life insurer said Thursday it will buy a 26% stake in India's Reliance Capital Asset Management for about 22 billion yen, or 14.5 billion rupees, in the latest emerging-market deal by a Japanese financial firm.

• RCom Plans $1.5 Billion IPO of Undersea Cable Assets

  Reliance Communications is aiming to raise as much as $1.5 billion by listing its undersea cable assets on the Singapore stock exchange.

• Tata Coffee, Starbucks Set to Finalize Pact

  Tata Coffee is likely to finalize an alliance with Starbucks by the end of January and the international chain is expected to make a much-awaited entry into India with the opening of its first outlet by the end of 2012.

• Kingfisher in Talks With SC Lowy for Raising Funds

  Cash-strapped Kingfisher Airlines said it is in discussions with Hong Kong's SC Lowy and other companies to raise funds.

• India May Charge Telecom Firms for Excess Bandwidth

  India's Department of Telecommunications is planning to charge a fee from all mobile-phone operators which hold radio waves beyond a prescribed limit, a top government official said.

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  Kodak Files for Bankruptcy

  Eastman Kodak filed for bankruptcy protection early Thursday after the film pioneer failed to raise fresh cash to fund a long-sputtering turnaround.

  • Timeline: History of Kodak
  • Earlier: Kodak Considers Restructuring Chief

• Hero MotoCorp Profit Jumps 43%

• Nissan India to Raise Car Prices

• BSNL Plans to Raise Bank Loans

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  Maruti Suzuki in Fiat Engine Deal

• FBI Sweep Targets Big Funds

• Asia Markets Finish Higher