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FII-TO-FII TRADES: ENIL traded at 7% premium (05 December 01:31) |
| Trades between FIIs generated a volume of Rs 106 crore on the BSE Thursday-an increase of 531.77% from Rs 17 crore clocked on Wednesday. |
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Sebi restricts early exit from close-ended funds (04 December 08:45) |
| The Securities and Exchange Board of India (Sebi), today said investors will not be allowed to exit from close-ended mutual fund schemes before maturity and asked fund houses to list them on... |
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Inflation drops to 8.4% (04 December 08:40) |
| Inflation for the week ended November 22 stood at 8.4 per cent, as compared to 8.84 per cent in the previous week. It was 3.11 per cent during the corresponding week last year. |
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RBI to ensure non-stop credit flow (04 December 08:29) |
| Reserve Bank of India (RBI) governor D Subbarao said various anti-inflationary measures had started yielding results and now the government could focus on issues related to growth and |
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Govt may cut fuel prices next week (04 December 08:27) |
| With the assembly polls in major states concluding, the government may slash petrol price next week by Rs 10 a litre, diesel by Rs 3 per litre and domestic LPG by Rs 20 per cylinder in line ... |
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Indian, Chinese firms most acquisitive in Europe (04 December 08:26) |
| Merger and acquisition (M&A) deals by Asian companies, led by Indian and Chinese firms, have touched a record $58 billion on the European and the US shores. |
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Credit Suisse to slash 5,300 jobs (04 December 08:25) |
| Swiss banking major Credit Suisse today said it will cut 5,300 jobs, accounting for 11 per cent of its global workforce, by the first half of next year. |
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NMDC reduces iron ore prices by 25% (04 December 08:24) |
| National Mineral Development Corporation (NMDC), the country's largest producer and exporter of iron ore, has reduced ore prices by 25 per cent, with effect from December 1. A decision to th... |
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Sundaram Industries in JV with Bridgestone (04 December 07:31) |
| Sundaram Industries (SIL), part of TVS group, has entered into an agreement with Japan-based Bridgestone for setting up a new company called Bridgestone TVS India, with a capital of Rs 36 cr... |
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Reliance Life to hire 2,500 managers, 90k advisers (04 December 06:41) |
| Bullish on growth of the insurance sector, Reliance Life Insurance is set to hire 2,500 managers, besides 90,000 advisers in the next four months. |
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Govt expects to meet direct tax target despite slowdown (04 December 06:31) |
| The government is hopeful of achieving the direct tax collection target of Rs 3,95,000 crore during this fiscal year, despite the slowdown which may pull down the economic growth rate to 7-8... |
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Honda to cut 760 jobs in Japan (04 December 06:22) |
| Honda Motor will cut 760 temporary jobs at its domestic plants by the end of January due to weak demand in North America and Europe, a spokesman said today. |
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FIIs net buyers of Rs 307cr in cash mkt today (04 December 06:16) |
| Foreign institutional investors (FIIs) were net buyers of Rs 307.14 crore (provisional) today, according to data released by BSE. |
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Wockhardt gets USFDA nod for marketing Augmentin (04 December 05:59) |
| Pharmaceutical and biotechnology major Wockhardt received USFDA approval for marketing and oral suspension of a combination of Amoxycillin and Clavulanate Potassium. |
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Rolls-Royce names Anil Shrikhande as India President (04 December 05:52) |
| Automobile manufacturer Rolls-Royce has appointed Anil Shrikhande as the President of Rolls-Royce India. |
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India to add 1500 Mw nuclear power in 2009: Kakodkar (04 December 05:48) |
| India is expected to add another 1,500 Mw of nuclear power to the national grid in 2009, Atomic Energy Commission Chairman Anil Kakodkar said here today. |
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MSD to launch drugs at India specific prices (04 December 05:44) |
| MSD Pharmaceuticals, a wholly-owned subsidiary of Merck & Co, plans to launch its branded drugs in the domestic market at lower rates compared to the prices in the developed countries, a top |
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Macmillan Publishers, Edurite tie-up for education drive (04 December 05:42) |
| In an initiative to make learning in the classroom interesting and interactive, two pioneers in the education sector, Macmillan Publishers India and Edurite Technologies have joined hands to |
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Ashok Leyland sales decline 60% in Nov (04 December 05:31) |
| Hinduja flagship company Ashok Leyland today reported 60.22 per cent drop in total sales at 2,307 units in November this year as compared to 5,800 units in the same month last year. |
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Panel to work on Air India's JV proposal (04 December 05:27) |
| A proposal to allow Air India set up joint venture firms with a leading Singaporean aviation company for ground handling and cargo operations at various airports, would take some more time f... |
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Bridgestone to lay off 158 jobs in US (02 December 07:43) |
| Japan's Bridgestone today said it may stop producing tyres for passenger cars and light trucks at a plant in the United States next year with the loss of up to 500 jobs. |
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Alok Ind plans to double its retail store (02 December 07:36) |
| Even in times of economic uncertainty, textile and retail player Alok Industries plans to double the number of its retail store, H&A, across the country and expects the retail sector in Indi... |
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Foreign, domestic airlines seek tie-ups with Paramount (02 December 07:33) |
| International and domestic airlines have sought tie-ups with Paramount Airways and the company is evaluating the offers, Managing Director M Thiagarajan said here. |
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Sebi extends cross-margin facility to all participants (02 December 06:17) |
| Retail and other non-institutional investors can now use the margins on derivatives for cash market deals or vice versa with regulator Securities and Exchange Board of India (Sebi) today bri... |
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FIIs net sellers of Rs 323cr in cash mkt today (02 December 06:06) |
| Foreign institutional investors (FIIs) were net sellers of Rs 323.01 crore (provisional) today, according to data released by BSE. |
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AIG to sell its Swiss banking arm (02 December 06:03) |
| Troubled insurance giant American International Group (AIG) will be selling its Swiss arm AIG Private Bank to an Abu Dhabi-based global investment firm. |
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JPMorgan to lay off 4,000 by Jan (02 December 05:50) |
| JPMorgan Chase is planning to slash nearly 21 per cent of workforce and lay off 4,000 employees by January at Washington Mutual, which was acquired by the investment banking major in Septemb... |
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Vijaya Bank seeks Rs 1,800 cr capital infusion (02 December 05:39) |
| Bangalore-based Vijaya Bank is seeking a capital infusion of Rs 1,800 crore from the government to maintain its capital adequacy ratio (CAR) at the mandatory 12 per cent. |
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Australian central bank cuts key rate by 100 bps (02 December 05:33) |
| The Reserve Bank of Australia today cut the benchmark lending rate by a 100 basis points to 4.25 per cent, with effect from December 3.??"Weighing up the international and domestic developme... |
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OVL may sign pact with Iraq for oil block (02 December 05:17) |
| ONGC Videsh (OVL), the overseas investment arm of Oil and Natural Gas Corporation (ONGC), is likely to sign agreement in next couple of months for an oil block in Iraq that was awarded to it... |
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Vedanta to buy back shares worth $250 mn (02 December 05:16) |
| To enhance value for its shareholders, NRI billionaire Anil Agarwal-led Vedanta Resources Plc today said it will buy back shares worth $250 million, representing a 10 per cent stake in the c... |
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L's construction division bags Rs 1,450 cr order (02 December 05:15) |
| Larsen & Toubros (L&T) newly formed Building & Factories Operating company, a part of its construction division, has bagged large value orders aggregating around Rs 1,450 crore in |
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HSBC, Credit Suisse to cut 1,150 jobs: report (02 December 05:14) |
| Amid the ongoing economic crisis, the banking sector continues to be hit by mass layoffs with financial service major Credit Suisse and HSBC announcing additional 1,150 job cuts, a media rep... |
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US in recession since Dec 2007, confirms NBER (02 December 05:13) |
| The world's largest economy US slipped into recession almost a year ago and not now as is widely believed, the country's National Bureau of Economic Research (NBER) has said. |
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Public borrowing is an 'ongoing requirement': Tata Motors (02 December 05:08) |
| Auto major Tata Motors today said its move to raise capital by borrowing from the public, through which it can raise up to Rs 2,700 crore, will be for its "ongoing |
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Citi now cuts down severance package for staff (02 December 05:07) |
| American behemoth Citigroup, which is axing over 75,000 jobs this year to help cut costs and fight financial crisis, is now slashing the severance package, that too for staff having put 10 o... |
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Dabur freezes retail expansion plan (02 December 04:56) |
| FMCG major Dabur India has decided to hold back the expansion plan of its newly launched retail arm with an aim of capitalising more from further downslide in retail rentals that the company... |
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India needs positive counter-terrorism methods: Kalam (02 December 04:45) |
| Former President A P J Abdul Kalam today said the country needs to develop "positive counter- terrorism methods" to tackle the menace. |
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ICVL not keen to revive old coal mines in Australia (02 December 04:39) |
| International Coal Ventures (ICVL), a special purpose vehicle (SPV) of the country's leading PSUs SAIL, RINL, NMDC, CIL and NTPC to scout coal properties abroad, is unlikely to undertake the... |
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Himalya Int'l plans food processing unit in Gujarat (02 December 04:31) |
| Agrifood company Himalya International plans to set up a processing plant in Gujarat with an investment of Rs 125 crore as part of its plans to achieve Rs 1,000 crore turnover by 2012.??Besi... |
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Corus to cut more jobs (01 December 05:53) |
| Following the reorganization of its distribution business, Tata Steels Corus has extended the initiative to its tubes business, putting 146 jobs at risk. |
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FICCI worries over sharp drop in India's exports (01 December 05:20) |
| Federation of Indian Chambers of Commerce and Industry (FICCI) has expressed concern over 12 per cent fall in Indias exports in October 2008.??The association has urged the government to com... |
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India will see slowdown in growth: Chidambaram (01 December 05:02) |
| Home minister P Chidambaram today said, "India will see a slowdown in growth". FY09 GDP growth rate will be between 7 and 8 per cent, he added. |
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Air India slashes domestic fuel surcharge (01 December 05:01) |
| Flag carrier Air India is all set to reduce fuel surcharge on all domestic flights by Rs 400 from tomorrow, making it the first airline to slash fares after a substantial cut in jet fuel pri... |
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Exports dip 12.1% in October (01 December 04:59) |
| Indias exports in October, 2008 registered a dip of 12.1 per cent and stood at $12.82 billion, as against $14.58 billion in the same month last year, when overseas sales of Indian goods had |
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Management gets control of Taj Hotel (01 December 04:58) |
| The Taj Group today said security agencies have handed over control of the Taj Mahal Hotel to it, two days after the last of terrorists were killed. |
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Actis raises $2.9 bn fund for emerging markets (01 December 04:57) |
| Actis, a global private equity investor, today announced that it has closed its $2.9 billion private equity fund, Actis Emerging Markets 3 (AEM3), exceeding its target of $2.5 billion. |
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Congress not politicising terror: PM (01 December 04:56) |
| Emphasising that Congress is not into "politicising" terror, Prime Minister Manmohan Singh today sought cooperation of all political parties in fighting the "serious problem" of |
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V P Agarwal to head AAI from Jan 1 (01 December 04:55) |
| V P Agarwal, a senior board member of the Airports Authority of India (AAI), will take over as its chief from January one. |
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Bajaj Auto bike sales skid 37% in Nov (01 December 04:54) |
| Bajaj Auto, the country's second largest two-wheeler maker, today reported a 37 per cent decline in motorcycle sales during November at 131,681 units against 209,876 units last year. |
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