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British Airways union resume talks to avert strike (18 March 09:05) |
| British Airways cabin crew are due to begin a three-day stoppage from Saturday in a dispute centred on staffing levels on long-haul flights. |
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Rupee falls by 10 paise on dollar demand (18 March 08:38) |
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At the Interbank Foreign Exchange (Forex) market, the local currency opened weak at 45.40/42 a dollar. It moved in a range of 45.38 to 45.53 during the day. |
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Arcelor Mittal seeks to shift Jharkhand project (18 March 08:33) |
| Arcelor Mittal chose Jharkhand's Khunti and Gumla districts to set up a steel plant, but has struggled to acquire land which has delayed its plans to start production to 2014 from 2012 earli... |
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Monetary policy should not be used to fight inflation United Nations conference on trade and development (18 March 07:48) |
| Monetary policy should be focused more on facilitating investors, said the UNCTAD secretary-general, Supachai Panitchpakdi. |
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Wall Street flat as materials gain financials off (18 March 07:43) |
| US stocks opened little changed on Thursday, a day after the Dow pushed to a 17-month high, as gains in materials shares were offset by declines in financial companies. |
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Daimler to invest $969 million in India truck unit (18 March 07:37) |
| Daimler India Commercial Vehicles Pvt Ltd unveiled on Thursday a test track for the trucks it planned to start producing from the middle of 2012. |
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Etisalat applies to bid for India 3G spectrum (18 March 07:35) |
| Emirates Telecommunications (Etisalat) has applied to bid for 3G radio spectrum in India, an official at the Abu Dhabi-based company said. |
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Dalmia Cement to merge cement power business with unit (18 March 07:34) |
| The company is planning to raise funds through private equity (PE) firms for its plans to add 10 million tonnes of cement capacity at a cost of Rs45 billion. |
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Bharti application store clocks 25 million downloads (18 March 05:37) |
| Among other Indian mobile operators, Reliance Communications and Aircel have also announced plans to launch mobile applications stores. |
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Dr Reddys gets FDA nod for Allegra generic (18 March 05:35) |
| Dr Reddy's, India's second-largest drugmaker by sales, will launch the drug in the United States in the April-June quarter. |
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Morgan Stanley names ex-Axis Bank chief India head (18 March 04:54) |
| PJ Nayak, who stepped down in April 2009 after nine years with Axis Bank, will take up his new post on April 5, Morgan Stanley said. He replaces Narayan Ramachandran, who quit in January. |
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Hugo Boss says not recalling any clothes in China (18 March 04:51) |
| The German fashion house is not recalling any clothes in China after a Chinese province said it had seized some imported top-end clothing carrying labels of well-known luxury brands. |
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S Kumars to raise funds via listing private equity infusion (18 March 04:51) |
| The company is also talking to private equity firms to spin off its brand 'Belmonte', managing director and vice chairman Nitin Kasliwal said. |
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China again tells banks to control lending (18 March 04:42) |
| Banks should control the pace of their lending and be aware of the risks entailed in extending credit to the property sector and to local governments. |
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Oil falls to $82 after two day rally (18 March 04:24) |
| Oil had risen more than $3 the previous two days, helped higher by a larger-than-expected drop in gasoline and distillates inventories last week. |
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ArcelorMittal in talks to buy stake in Bhushan Power Steel Report (18 March 03:53) |
| Christophe Cornier, a member on the board of ArcelorMittal, and chief technology officer Pierre Gugliermina were in New Delhi recently and met senior Bhushan Power officials, the newspaper s... |
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Bharti applies for 3G mobile spectrum bid (18 March 03:29) |
| The government will auction three slots each of third-generation wireless spectrum in most of its telecoms zones, including the lucrative Delhi and Mumbai regions, from April 9. |
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Uttarakhand raises gender budget for women empowerment (18 March 02:33) |
| The state government has earmarked Rs1417.75 crore for gender budget, meant for women empowerment through various schemes. |
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Lehman receives OK to delay disclosure statement (18 March 01:55) |
| Judge James Peck approved Lehman's request for a delay at a hearing in US bankruptcy court in Manhattan on Wednesday. |
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United Bank expects Rs55 billion capital by March-end (18 March 12:58) |
| 'We have asked for 550 crores (Rs5.5 billion) from government and hope to get it before the end of this fiscal,' chairman and managing director Bhaskar Sen said on Thursday. |
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South Africas Cipla lifts FY profit to add cancer drugs (18 March 12:50) |
| Cipla Medpro, which rebuffed rival Adcock Ingram's 2.1 billion rand takeover bid last year, said on Thursday headline earnings per share rose to 36.6 cents compared with 29.1 cents in the pr... |
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UK to give £360 million loan guarantee for Ford (18 March 12:49) |
| UK's support for Nissan and Ford follows last week's announcement of a 300 million loan guarantee for General Motors' European arm to secure the company's operations in Britain and the res... |
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Fuel inflation accelerates food inflation eases (18 March 12:47) |
| Data released on Thursday showed the food price index rose 16.30% in the year to March 6, lower than an annual rise of 17.81% in the previous week, continuing a downward trend for the second... |
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Sensex rises by 54 points in opening trade on global cues (18 March 09:52) |
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The 30-share index, which had gathered nearly 325 points in the past two sessions, rose by 53.99 points, or 0.30% to 17,544.07 points in the opening trade with all the sectoral indices trad... |
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US accounting watchdog sanctions Satyams auditors (18 March 08:51) |
| The Public Company Accounting Oversight Board said it would bar two accountants responsible for the Satyam audits from "being an associated person of a registered public accounting firm," ac... |
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US accounting watchdog penalises Satyams auditors (18 March 08:51) |
| The Public Company Accounting Oversight Board said it would bar two accountants responsible for the Satyam audits from "being an associated person of a registered public accounting firm," ac... |
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Market closing in on peaks but volumes still thin (18 March 02:59) |
| The trading intensity for the current quarter has dipped to 0.32% from around 0.6% levels witnessed in first quarter of this fiscal, when markets were trading at their yearly lows. |
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Parsvnath may sell BEST land to Kanakia (18 March 02:57) |
| Parsvnath had received development rights in 2007 for the land, which included constructing of a fully-equipped bus depot, staff housing and buildings for commercial utilisation. |
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Smooth going for Hero Honda Motors (18 March 02:56) |
| Hero Honda plans to increase production from Uttaranchal plant
to 37% of total volumes in FY2011 from 28% in FY2010. |
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Dr Reddys opens alcohol manufacturing facility in Mexico (18 March 02:54) |
| The new assets in Mexico represent a significant investment in a dedicated facility operated to c-GMP standards which is capable of producing a wide range of molecular weight mPEGs. |
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Anant Raj returns to residences (18 March 02:53) |
| The company would launch the project by April-end with total developable space of one million square feet and total revenue generation of Rs 200-250 crore in the next one year. |
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HDIL qualified institutional placement fails as realty turns pariah (18 March 02:50) |
| The company was looking to raise Rs 1,200 crore through the placement and had given Enam Securities, JP Morgan, Kotak Securities and CLSA Asia-Pacific Markets the mandate. |
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IPOs attracting grey market premiums (18 March 02:49) |
| The grey market involves unofficial buying and selling of shares a few days before the actual listing of the IPO on the stock exchanges. |
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Tariff destruction changes mobile VAS and means (18 March 02:48) |
| Diminishing returns due to the relentless price war have stalled revenue growth for the players, pushing expansion projects on the backburner and putting to question the viability of many op... |
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New exchange-traded fund lets you trade the Hang Seng (18 March 02:37) |
| The Benchmark Asset Management Co is listing a product on the National Stock Exchange based on Hong Kong's Hang Seng Index. |
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Public sector banks banks to launch insurance (18 March 02:35) |
| State Bank of India is planning to venture into general insurance while Union Bank of India and IDBI Bank are set to roll-out their mutual fund business in the first quarter of FY11. |
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Idea says no blips found after audit of its books (18 March 02:27) |
| The audit, which was commissioned by the Department of Telecommunications (DoT), was submitted to the government on Tuesday. |
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Post BPO buy its Indian innovation for Xerox (18 March 02:24) |
| Computer mouse inventor opens 'innovation centre' for its emerging markets services in Chennai, to research cloud-based services with IIT Madras. |
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For third time Bolivia nixes Jindal Steel and Powers mine plan (18 March 02:23) |
| JSPL had entered into a 40-year contract in late 2007 to mine about half the El Mutun site near the Brazil border. The site is believed to have the world's largest iron ore reserves. |
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BMW to start pre-owned car business in India by April (18 March 02:17) |
| "The first showroom will be opened in Chennai in April and the next one in Gurgaon in the third quarter of the year," president Peter Kronschnabl said. |
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We will infuse another Rs 225 crore this fiscal Mayank Bathwal (18 March 02:16) |
| Mayank Bathwal, chief financial officer, spoke to DNA on various strategies adopted by the firm in these tough times. |
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Highway bid norms to get tougher (18 March 02:08) |
| Financial closure norms, cap on number of bidders and net worth criteria are some of the areas the government is likely to tighten. |
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Finance ministrys move on Rule 5b a blessing for non-life insurers (18 March 02:07) |
| Under the existing provisions of Section 44 of the Income-Tax Act (the Act), the profits and gains of any insurance business are computed in accordance with the rules. |
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Summer powers up merchant power tariffs (18 March 02:06) |
| Going by UBS Investment Research data from the Indian Energy Exchange, short-term tariffs have increased 61% month on month to Rs 5.21 per unit in March. |
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GVK nears fund tie-up for key mine (18 March 02:00) |
| The company is developing the mine to secure supplies to its thermal power plant being set up at Goindwal Sahib in Punjab. |
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India US sign framework for trade and investment (18 March 12:36) |
| The two countries then launched an initiative to expand trade and job-creation opportunities for Indian and American companies. |
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Retail food prices shot up by 213 in December Finance ministry (17 March 08:38) |
| Food inflation, based on movement in wholesale prices, was 18.22% in the week ending December 26, 2009. |
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GDP set to quadruple over next 10-years to Rs205-trillion says report (17 March 07:48) |
| The report has fore casted that the domestic consumption expenditure in the country is set to triple from Rs 30-trillion in FY 09 to Rs 113-trillion in FY 20.
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HDFC raises $110 million bonds (17 March 06:28) |
| The HDFC bonds mature on May 6, 2011 and are rated AAA by agencies CRISIL and ICRA. Deutsche Bank was the sole arranger to the issue. |
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Nissan may join Renault-Daimler tie-up talks (17 March 06:26) |
| Shares of Renault and Daimler rose after reports that the two car makers are in talks about an equity tie-up as part of a possible longer-term partnership. |
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