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SBI cuts deposit rates on slow credit liquidity glut (07 November 12:00) |
| State Bank of India has snipped interest rates by 25-50 basis points on deposits up to five years duration. |
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BSNL too offers per second billing (07 November 12:00) |
| New Delhi, Nov. 6 Bharat Sanchar Nigam Ltd has joined the ongoing mobile tariff war by announcing a slew of initiatives including a scheme based per second billing. |
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PSU stocks react positively to disinvestment plans (07 November 12:00) |
| Mumbai, Nov. 6 Shares of PSUs with more than 90 per cent Government stake gained between 10 and 20 per cent in Friday after the Cabinet decided to raise public shareholdings in the companie... |
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Windows 7 to be available off the shelf soon (07 November 12:00) |
| New Delhi, Nov. 6 Microsoft’s latest Operating System Windows 7 will soon be available off-the-shelf and so will a host of other new software packs. |
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India-focused ETFs on the rise in US (07 November 12:00) |
| Ironically, it is the lack of interest in the Indian capital market on the part of the latter. |
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34 million apply for 11000 clerical vacancies in SBI! (07 November 12:00) |
| Chennai, Nov. 6 Clerical jobs, you may think, are out of fashion. Think again. State Bank of India advertised a few months ago for 11,000 clerical vacancies. The response, to put it mildly,... |
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Asset bubbles to exit recessions (07 November 12:00) |
| In its last several meetings, the Federal Open Market Committee (FOMC), the US interest rate and monetary policy setter, hasn’t had much thinking to do. Its decision was obvious — to kee... |
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SBI told to stop buyouts within group (07 November 12:00) |
| State Bank of India has been told by the Government to refrain from going in for further acquisitions of associate banks within the SBI Group. |
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Will Manmohan acknowledge the Modi model (07 November 12:00) |
| Tomorrow the Prime Minister will inaugurate the World Economic Forum’s India Economic Summit. Lots of businessmen from all over the world will be present. They will listen attentively to h... |
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Govt staff pension funds to hike equity investments by this fiscal (07 November 12:00) |
| Mumbai, Nov. 6 Pension funds managing the New Pension Scheme (NPS) for Government employees will conform to new investment guidelines by the end of this fiscal, said fund managers. |
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Hotel sector hopes the worst is over (07 November 12:00) |
| Mumbai, Nov. 6 The ghosts of the first quarter continued to haunt hotel companies in the second quarter too. With no increase in uptake, their profits only shrank further. |
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Patni Computer plans $200-400 m acquisition (07 November 12:00) |
| Chennai, Nov. 6 Patni Computer Systems Ltd plans to spend $200-400 million in acquiring an IT company that is into EAI (Enterprise Application Integration) space and specialising in the insu... |
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Govt cant help Price Waterhouse on class-action suits in US Khursheed (07 November 12:00) |
| The Government has ruled out involving itself in the class-action suit that the auditor Price Waterhouse (PW) is facing in the US in the Satyam scam. |
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North-East monsoon vigorous over South (07 November 12:00) |
| New Delhi, Nov 6 The North-East monsoon has been vigorous over south coastal Andhra Pradesh and active over Tamil Nadu and Kerala during the 24 hours ending Friday morning. |
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Directive on PSU listing opens disinvestment tap (06 November 12:00) |
| New Delhi, Nov. 5 Giving its disinvestment programme a big push, the Centre has asked all listed, profitable central public sector enterprises (CPSEs) to meet the mandatory listing norm of ... |
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Govt raises wheat MSP by Rs 20 over 2008-09 crop (06 November 12:00) |
| New Delhi, Nov. 5 The Centre has fixed the minimum support price (MSP) for the current year’s wheat crop (to be harvested from April next) at Rs 1,100 a |
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Bharat Forge Rs 2661 Buy (06 November 12:00) |
| We recommend a buy in Bharat Forge stock from a short-term perspective. It is perceptible from the charts of the stock that after recording a multi-year low of Rs 69 in January, it began to ... |
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GVK Power to buy Zurichs 12 stake in Bangalore Airport co (06 November 12:00) |
| Bangalore, Nov.5 GVK Power & Infrastructure Ltd is buying a 12 per cent stake in airport operator Bangalore International Airport Ltd for Rs 484.5 crore. |
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Wipro Consumer buys Yardley for Rs 214 cr (06 November 12:00) |
| Bangalore, Nov. 5 Wipro Ltd has brought the iconic Yardley London brand into its fold. |
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Morgan Stanley shores up Indiabulls Power buying 21 lakh shares (06 November 12:00) |
| The sole book running lead manager to the Indiabulls Power Ltd IPO of last month, Morgan Stanley, picked up a chunk of shares in the company on Thursday as a market-making |
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Sudha Murty raises Rs 440 cr for Catamaran (06 November 12:00) |
| Bangalore Nov. 5 Catamaran Investment Pvt Ltd, the venture capital fund floated by the Infosys Chairman and Chief Mentor, Mr N. R. Narayana Murthy, got a shot in the arm on Thursday after hi... |
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Maytas Infra bags Rs 790-cr order (06 November 12:00) |
| Hyderabad, Nov. 5 Maytas Infra Ltd has won the Pune-Sholapur road contract worth Rs 790 crore from IL&FS Transportation Networks Ltd (ITNL). |
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Inflation surges 894 for primary articles (06 November 12:00) |
| New Delhi, Nov 5 The annual Wholesale Price Index-based inflation in primary articles rose 8.94 per cent for the week ended October 24, up from the previous week’s yearly rise of 8.67 per ... |
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Retailers keep up sales growth (06 November 12:00) |
| The September quarter results of retailers show a continued recovery in consumer spending. |
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Madras SE-NSE tie-up takes off with 10 listings (06 November 12:00) |
| Chennai, Nov. 5 The Madras Stock Exchange (MSE) has tied up with the National Stock Exchange (NSE) to enable its members to trade directly on the NSE platform. On the first day today, 10 com... |
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CD rates likely to plunge as credit growth remains low (06 November 12:00) |
| Bangalore, Nov. 5 With loan growth remaining weak, costs of certificate of deposits (CDs) funds are expected to nose |
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Realty cos Slow build-up in sales even as profits deconstruct (06 November 12:00) |
| The September quarter results of 25 listed realty companies suggest that the sector’s recovery is painfully slow. Only nine realty companies managed an expansion in sales on a year-on-year... |
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N-E monsoon shifts into top gear over south peninsula (06 November 12:00) |
| New Delhi, Nov. 5 The Northeast monsoon has been active over Tamil Nadu and Puducherry during the past 24 hours ended Thursday morning with rainfall at most places and isolated heavy to very... |
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24 fall in indirect tax revenues worries Govt (05 November 12:00) |
| New Delhi, Nov. 4 With revenues from indirect taxes recording a 24 per cent decline in the first-half of the current fiscal, the Centre is now betting on economic growth in the second-half ... |
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Judge recuses from Reliance case (05 November 12:00) |
| The withdrawal of Mr Justice R. V. Raveendran on Wednesday on moral grounds from a Bench of the Supreme Court hearing the gas dispute involving the Ambani brothers, is unlikely to cause a ma... |
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GMR Infrastructure Rs 6335 Buy (05 November 12:00) |
| We recommend a buy in GMR Infrastructure from a short-term perspective. It is apparent from the charts the stock has been on a long-term uptrend from its October 2008 low of Rs 22.75. Howeve... |
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PMs advisory panel surprised by Ministrys kharif estimates (05 November 12:00) |
| New Delhi, Nov. 4 The Agriculture Ministry’s projection of a 21.07 million tonne (mt) dip in this year’s kharif foodgrain output (from 117.70 mt to 96.63 mt) has taken the Economic Advi... |
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RCF forays into cement distribution (05 November 12:00) |
| Over 6,000 dealers of public sector undertaking Rashtriya Chemicals and Fertilisers are likely to double up as cement stockists |
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TVS Shriram Growth Fund picks up 25 in Landmark (05 November 12:00) |
| Chennai, Nov. 4 TVS Shriram Growth Fund I has picked up close to 25 per cent stake in Landmark Ltd, a subsidiary of the Tata group company, Trent Ltd, for Rs 65 crore. |
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ArcelorMittal eyes alternative sites for plants (05 November 12:00) |
| New Delhi, Nov.4 The world’s largest steel maker ArcelorMittal is looking at alternative sites to set up its steel plants in India after its proposed Orissa and Jharkhand plants got dela... |
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Phone subscriber base crosses 500-m mark (05 November 12:00) |
| New Delhi, Nov. 4 The number of telephone subscribers in India has increased to 509.03 million at the end of September with nearly 15 million subscribers being added in the month. This beat... |
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New premium likely to see less equity exposure (05 November 12:00) |
| Kolkata, Nov. 4 From next fiscal, some life insurance companies are likely to cut down their stock market investments by 10 to 15 per cent in respect of new businesses. |
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Banks profit growth moderates in Sept quarter (05 November 12:00) |
| After growing at a frenetic pace last quarter, banks have struggled to do an encore in the September quarter, as lending slowed, margins fell, and provisions rose. Advances of banks grew at ... |
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Godrej Properties IPO in two months Adi Godrej (05 November 12:00) |
| Mumbai, Nov. 4 It was an eventful second quarter for the Godrej Group which also saw its Indian joint venture partner, Sara Lee Corporation, sell a part of its US business to Unilever Plc. T... |
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Digital media players on consolidation mode (05 November 12:00) |
| Hyderabad, Nov. 4 As the younger generation is increasingly getting hooked on to social networking sites on the Internet, giving brand planners in the corporate world a broadening platform f... |
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Sensex nosedives 491 points on global cues FII selling (04 November 12:00) |
| Domestic stocks slipped for the sixth consecutive day on Tuesday as global cues remained negative. |
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No plans to curb capital inflows for now Pranab (04 November 12:00) |
| India has no immediate plans to place curbs on capital inflows, the Finance Minister, Mr Pranab Mukherjee, has |
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JSW Steel Rs 6806 Sell (04 November 12:00) |
| We recommend a sell in the stock of JSW Steel from a short-term horizon. It is evident from the charts that the stock’s intermediate-term rally from March low of Rs 161 had ended in late O... |
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RBI buys 200 tonnes of gold from IMF (04 November 12:00) |
| The Reserve Bank of India has purchased 200 tonnes of gold valued at Rs 31,490 crore ($6.7 billion) from the International Monetary Fund (IMF) under the latters’s limited gold sales |
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LT bags Rs 6900-cr order (04 November 12:00) |
| Mumbai, Nov. 3 L&T has bagged a Rs 6,897-crore EPC (engineering, procurement and construction) contract from the Maharashtra State Power Generation Co (Mahagenco) for three supercritical boi... |
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Sensex sheds 2000 in post-Diwali blues (04 November 12:00) |
| BL Research Bureau In just 10 days following Diwali, the Sensex has lost over 1900 points, a 11 per cent fall from the closing on October 17. |
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Cognizant Q3 net income rises 22 on strong organic growth (04 November 12:00) |
| Chennai, Nov. 3 Cognizant Technology Solutions Corporation, the US-based provider of information technology, consulting, and business process outsourcing services, expects to end the year be... |
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No immediate plan to exit fiscal stimulus Pranab (04 November 12:00) |
| New Delhi, Nov. 3 The Finance Minister, Mr Pranab Mukherjee, today made it clear that the Government was not right now planning to exit from the fiscal stimulus packages rolled out since Se... |
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SBI to review special home loan scheme on Nov 5 (04 November 12:00) |
| Kolkata, Nov. 3 State Bank of India will take a call on whether or not to continue with its special home loan (SBI My Home Campaign) scheme at a meeting on November 5, according to its Chief... |
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Britannia bets big on small packs (04 November 12:00) |
| Ms Vinita Bali chuckles as she recalls her days as a marketing executive in Cadbury when the company introduced éclairs in transparent jars and saw the brand fly. Replicating that experime... |
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