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Mamata leaves passenger fares, freight rates untouched (04 July 12:00) |
| New Delhi, July 3 Transparently honest. That’s what Ms Mamata Banerjee’s Rail Budget for 2009-10 would seem to be. |
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Monsoon, rail budget give stocks a boost (04 July 12:00) |
| Mumbai, July 3 The domestic stock indices moved up sharply by 1.7 per cent each on Friday, the last trading session before the presentation of the Budget on |
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Analysts see Friday’s populism on Monday too (04 July 12:00) |
| Mumbai, July 3 Marketmen welcomed the Railway Budget of Friday saying that the “populist” Budget has given slight hints of what the General Budget on Monday could hold. |
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Is Mamata plan more realistic than Lalu’s? (04 July 12:00) |
| New Delhi, July 3 Ms Mamata Banerjee, at one level, seems to be a more realistic Railway Minister compared to her predecessor, Mr Lalu Prasad. |
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8 banks face NPAs of Rs 1,300 cr on PSU arm’s scrap woes (04 July 12:00) |
| Chennai, July 3 Five public sector banks and three of the private sector are in danger of losing about Rs 1,300 crore, as a loan account of a public sector undertaking, STCL Ltd, has turned ... |
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RNRL moves apex court to make Reliance execute order (04 July 12:00) |
| Mumbai, July 3 Reliance Natural Resources Ltd (RNRL) of the Anil Ambani group has filed a Special Leave Petition in the Supreme Court on Friday. |
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SBI’s consolidation proposal hits union hurdle (04 July 12:00) |
| New Delhi, July 3 The Centre has advised the State Bank of India not to pursue with the Reserve Bank of India the issue of acquisition of State Bank of |
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Budget guess swings between aam aadmi and growth (04 July 12:00) |
| Kolkata, July 3 Key market players have been speculating about the Budget’s possible policy thrusts, but are unable to fathom how the Finance Minister would balance reforms measures with ... |
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Mamata-Lalu battle livens up presentation (04 July 12:00) |
| New Delhi, July 3 It was reality television at its best, reminiscent of the Saurav Ganguly-Greg Chappell spat. While the new Minister of Railways, Ms Mamata Banerjee, was presenting the bud... |
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Railways ropes in Pitroda to head cable network panel (04 July 12:00) |
| New Delhi, July 3 The man who is widely believed to have kick-started the telecom revolution in India — Mr Sam Pitroda — will now help the Railways better use its optical fibre network a... |
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NBFCs lower auto loan rates in race with public sector banks (04 July 12:00) |
| New Delhi, July 3 Faced with stiff competition from public sector banks, Non-Banking Finance Companies (NBFCs) have been forced to lower their rates on vehicle finance. In the past month or ... |
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IRFC allowed to float tax-free bonds for Rs 5,000 cr (04 July 12:00) |
| New Delhi, July 3 For the first time since 2003-04, the Indian Railway Finance Corporation (IRFC) has been permitted to issue tax-free bonds as part of its budgeted borrowing programme of Rs... |
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Salaried need tax breather (04 July 12:00) |
| There are a lot of expectations from the forthcoming Budget. The manifesto of the Congress party pointed out that the focus of the new measures will be to stimulate demand in the domestic ec... |
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‘Low’ may lack sting, but monsoon largely in tact (04 July 12:00) |
| Thiruvananthapuram, July 3 The overall picture of an entrenched monsoon continues to be in tact, though concerns are now being raised over the strength of the ‘low’ supposedly shaping u... |
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Survey pitches for big-bang reforms (03 July 12:00) |
| • Phasing out of dividend distribution tax (DDT), securities transaction tax (STT), commodities transaction tax (CTT), fringe benefit tax (FBT) and the plethora of cesses and surcharges. |
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Market unimpressed (03 July 12:00) |
| Mumbai, July 2 Ignoring some of the positive cues in the Economic Survey for 2008-09, the Sensex ended flat at 14,658 (up 13 points) on Thursday. |
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Tata Motors (Rs 294.3): Sell (03 July 12:00) |
| We recommend a ‘sell’ in Tata Motors from a short-term trading perspective. It is apparent from the charts of Tata Motors that it was on an intermediate-term uptrend between early Februa... |
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Court order may open doors for more mobile players (03 July 12:00) |
| New Delhi, July 2 More than 20 companies including AT&T, Moser Baer, Sterlite Technologies and Hinduja Group can hope to get a mobile licence with the Delhi High Court quashing the decision ... |
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Petro price hike pumps up pvt players (03 July 12:00) |
| New Delhi/Mumbai, July 2 The fuel price hike has come as a breather to private retailers such as Essar Oil and Reliance Industries, as it closes the gap between the price at which they and t... |
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PSBs trim exposure to commercial realty (03 July 12:00) |
| Bangalore, July 2 Faced with mounting delinquency in the commercial real estate sector, public sector banks have pruned exposures to commercial realty to 10 per cent of capital |
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CIL to float tenders for development of underground mines in 7 blocks (03 July 12:00) |
| Kolkata, July 2 Coal India Ltd will float tenders for development and operation of high capacity (3-5 million-tonne a year) underground mines in seven virgin blocks on a long-term basis wit... |
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Snag in BSE circuit filter pinches retail traders (03 July 12:00) |
| Mumbai, July 2 A technical snag at Bombay Stock Exchange led to several shares surging beyond their circuit limits on Thursday, leading to a lot of confusion among investors, particularly re... |
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MFs’ asset base grows at slower pace in June (03 July 12:00) |
| Mumbai, July 2 The asset base of the mutual fund industry grew 4.9 per cent in June, recording the lowest monthly growth during the quarter, partly due to banks and corporations withdrawing ... |
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Inflation rate drops 1.3% (03 July 12:00) |
| The annual Wholesale Price Index-based inflation stayed in the negative territory for the third week in a row, falling 1.3 per cent for the week ended June 20 after tumbling 1.14 per cent t... |
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Car-makers cautious despite buoyant Q1 sales (03 July 12:00) |
| Mumbai, July 2 Despite sales being quite buoyant in the first quarter, the passenger car industry is still cautious about the future. |
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Survey ‘janaaha sukhino bhavantu’? (03 July 12:00) |
| Every government economist has a dream, that one day he or she will be able to supervise and write the Economic Survey. The job goes with the turf if you are the Chief Economic Advisor (CEA)... |
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DCM Shriram Hariyali market adopts extension route to drive sales (03 July 12:00) |
| Till three years ago, the only fertilisers Mr Baljinder Singh knew were urea, single super phosphate (SSP) and muriate of potash (MoP). |
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Survey moots tax sops for long-term debt market (03 July 12:00) |
| New Delhi, July 2 Signalling the Government’s commitment to develop long-term debt markets in the country, the Economic Survey 2008-09 has called for tax incentives to build-up such marke... |
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AI likely to become listed co; may divest equity to public (03 July 12:00) |
| The Economic Survey 2008-09, tabled in Parliament on Thursday, could pave the way for Air India to not only become a listed company but also divest some of its equity to the |
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‘The key is to stimulate investment and demand in India’ (03 July 12:00) |
| Mumbai, July 2 Mr Ajay Srinivasan, Chief Executive, Financial Services, Aditya Birla Management Corporation, believes that India has a lot of things going in its favour right now even while ... |
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El Nino trends may spare Indian monsoon for now (03 July 12:00) |
| Thiruvananthapuram, July 2 The Australian Bureau of Meteorology’s (BoM) warning about a growing El Nino features an ‘escape’ clause for India monsoon, given the warming trends in trop... |
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Petrol price raised by Rs 4 & diesel Rs 2; cooking fuels spared (02 July 12:00) |
| New Delhi, July 1 The Government today hiked the retail price of petrol by Rs 4 a litre and diesel by Rs 2 a litre. |
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Alstom in race for Areva’s T&D biz (02 July 12:00) |
| Chennai, July 1 Alstom of France, a global leader in the power generation equipment and services business, is believed to be the front-runner for buying out Areva’s power transmission and ... |
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Aptech (Rs 178.10): Buy (02 July 12:00) |
| We recommend a buy in Aptech from a short-term trading perspective. It is evident from the charts of Aptech that after taking support around Rs 60 in early December, the stock has been trend... |
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Exports, imports down in May (02 July 12:00) |
| New Delhi, July 1 Exports in May continued the declining trend and plummeted 29.2 per cent compared with May |
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Cap put on MF sales expenses pie in exit load (02 July 12:00) |
| Mumbai, July 1 The Securities and Exchange Board of India has put a cap of one per cent on the maximum amount an asset management company can retain from the exit load or the contingent defe... |
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India Inc returns to profit growth in March quarter (02 July 12:00) |
| Profit growth for Indian companies has picked up pace in the March quarter after year-on-year declines until December. The reported profits for 1200 NSE listed companies for t,he quarter end... |
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Maruti, Hero Honda post higher sales in June (02 July 12:00) |
| Mumbai, July 1 June was a heady month for Maruti-Suzuki and Hero Honda in the car and two-wheeler segments as they consolidated their leadership positions. Factors such as lower interest ra... |
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ECB policy: Realty players see no near-term gain (02 July 12:00) |
| New Delhi, July 1 Real estate players on Wednesday hailed the Government’s decision to open the external commercial borrowing (ECB) window for special economic zone (SEZ) developers, alth... |
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Tier II cos’ top honchos take home less (02 July 12:00) |
| Bangalore, July 1 Salaries of senior executives in smaller IT firms grew at a slower pace than that of their counterparts in top tier firms in fiscal 2009 over the previous year. Information... |
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DoT seeks Rs 9,970 cr for Defence network project (02 July 12:00) |
| New Delhi, July 1 The Department of Telecom has approached the Cabinet Committee on Economic Affairs seeking Rs 9,970 crore for laying an optical fibre cable network for the armed forces in ... |
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DD may go digital, open up for pvt broadcasters (02 July 12:00) |
| Along with the television antennas sticking out from millions of roof tops across the country, DD’s TV audiences could soon need set-top boxes. |
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Rains advance into the North (02 July 12:00) |
| The monsoon has further ‘advanced’ into the remaining parts of Punjab and Haryana and isolated parts of north Rajasthan, an India Meteorological Department (IMD) update said on Wednesday... |
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Private trusts may be allowed to invest in listed stocks (01 July 12:00) |
| Private trusts may soon be permitted to park their funds in listed shares and specified debt securities, official sources |
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Hindalco net down 78% on dip in demand (01 July 12:00) |
| Mumbai, June 30 Hindalco Industries Ltd, an Aditya Birla Group company, has reported 78 per cent dip in its consolidated net profit at Rs 485 crore (Rs 2,193 crore) in the year ended March 2... |
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Bharat Forge (Rs 143.75): Sell (01 July 12:00) |
| We recommend a sell in Bharat Forge from a short-term trading perspective. It is apparent from the charts of Bharat Forge that after bottoming in January at the low of Rs 69, it commenced to... |
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Current account turns surplus on lower trade deficit (01 July 12:00) |
| Mumbai, June 30 For the first time in nearly two years, India’s current account recorded a surplus in the fourth quarter of last fiscal. |
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Philips on a rejig, to move away from consumer electronics (01 July 12:00) |
| New Delhi, June 30 In a shift in its India strategy, Philips Electronics has decided to move away from consumer electronics to medical, health and wellness products. |
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Centre turns cautious on sugar releases (01 July 12:00) |
| New Delhi, June 30 After a release spree in the previous three months, the Centre has suddenly turned cautious on the sugar front. Only 16.60 lakh tonnes (lt) of sugar will be available for ... |
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TCS sees muted growth in next few quarters (01 July 12:00) |
| Our Bureau Mumbai, June 30 Tata Consultancy Services (TCS) expects muted growth in the next few quarters as the economic slowdown continues to crimp the outsourcing industry. |
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