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LIC forms new firm to manage govt pension funds State-owned Life Insurance Corp of India said it has formed LIC Pension Fund Ltd, a company to manage pension funds of government employees. 23 Nov 2007
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Travelling far from Africa's 'Gucci' crowd Shompole is one of a handful of Kenyan sites spearheading a partnership model to bring investors and community members together in a business and conservation venture, funding education and health provision as well as restoring wildlife. 15 Nov 2007
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Brain stimulation sparks out-of-body experience Electrodes implanted into the brain to treat a man with a stubborn case of ringing in the ear instead sparked an out-of-body sensation, doctors in Belgium reported. 02 Nov 2007
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HDFC plans IPO for life insurance venture by 2009 India's top mortgage firm, Housing Development Finance Corp Ltd, plans to launch an initial public offer (IPO) in its life insurance venture by the end of 2009, its chairman said. 30 Oct 2007
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Ancestry.com parent sold for $300 million The Generations Network Inc (TGN), parent company of Ancestry.com, said that Spectrum Equity Investors will lead an investment of $300 million to buy a majority stake in the company. 22 Oct 2007
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Armani opens store in virtual world's Second Life Fashion designer Giorgio Armani has opened up shop in virtual world Second Life, with a store modeled on his flagship location in Milan, his company said in a statement on Wednesday. 30 Sep 2007
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Forbes sees big business in women's lifestyle magazine Forbes has spent nearly a century covering businessmen clad in Brooks Brothers shirts and gray flannel suits. Now the magazine empire is aiming at executives who prefer Prada skirt suits and Balenciaga pumps. 24 Sep 2007
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UK Govt. throws £28 billion lifeline to Northern Rock, stock rises The UK Government has agreed to underwrite £28 billion of savings in a desparate bid to bail out beleaguered Northern Rock Bank, which, hit by the sub-prime crisis, has witnessed massive turnout of customers who are scrambling to withdraw millions of pounds of savings from the crisis-hit bank. 18 Sep 2007
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SBI to launch holding co. for its life insurance, mutual fund biz India's largest bank, the State Bank of India (SBI) is mulling the launch of a separate holding company for its life insurance and mutual fund management arms within the next 2-3 months. 06 Aug 2007
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Around the world in 2 hours...virtually The tour was a whirlwind: dancing at a beachside disco in Spain surrounded by scantily clad women, grabbing a seat at a lively pub in Dublin, flying in a small aircraft above a lush, tropical forest. Time elapsed? Less than two hours. With no tickets required, no money spent and no need to leave your seat, touring in the virtual world of "Second Life" holds a certain appeal for travelers willing to delve deep into the Internet to find their escape. 06 Jun 2007
