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The Axon board has withdrawn the Infosys offer recommendation. The board will unanimously recommend the HCL offer when it is made reports CNBC-TV18 quoting sources.Infosys had offered 600 pence per share for Axon on August 25 and HCL tech had offered 650 pence per share for axon on September 26.Earlier CNBC-TV18 had reported that the 60-hour deadline to Infosys to get back to Axon has expired. As it was previously estimated with Infosys, the deadline was only a safety precaution that the Indian ...

Enlarge Photo The Bombay Stock Exchange (BSE) building is seen in this file photo. REUTERS/Punit Paranjpe Fri, Feb 29 05:14 PMIndian shares fell 1.4 percent on Friday to their lowest close this week, after the national budget budget failed to cheer investors already shaken by turbulent global markets.The government promised higher spending for ailing farms and pledged funds for rural revival in the 2008/09 budget, but a $15 billion scheme to waive loans and plans to raise the tax...

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