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Markets tank, Sensex sheds over 700 pts (06 October 04:29) |
| The Sensex fell below 12,000 points for the first time in more than two years on Monday. |
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Global crisis to end in 1-2 yrs: Merrill (06 October 04:29) |
| Merrill Lynch's vice chairman said global crisis would continue for next 18 months to two yrs. |
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US consumer spending shrinks 3%: Report (06 October 04:29) |
| American consumers have been cutting back on their spending by over three pct in response to ongoing financial crisis. |
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Nomura to acquire Lehman's India operations (06 October 04:29) |
| Nomura Holdings would acquire the back-office operations of collapsed US investment bank Lehman Brothers in India for an undisclosed sum. |
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Direct tax receipts up 33%, at Rs 1.47 lakh crore (06 October 04:29) |
| India's direct tax receipts during the April-Sept period rose 32.5 per cent from a year earlier. |
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State banks' risk management robust: RBI (06 October 04:29) |
| Indian private sector banks with an overseas presence will be affected to some extent by the global financial crisis. |
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Markets crash, Sensex sheds over 500 pts (06 October 12:45) |
| Equities extended their fall, dropping below 12,000 points for the first time since Sept 2006. |
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US consumer spending shrinks 3 pct: Report (06 October 12:45) |
| American consumers have been cutting back on their spending by over three pct in response to ongoing financial crisis. |
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Oil slips to $90 per barrel, at 8-month low (06 October 12:45) |
| Oil prices slumped 4 per cent to USD 90 per barrel on Monday, falling for the fourth straight day. |
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Markets tumble, Stocks dip over 400 pts (06 October 11:16) |
| Sensex fell more than 3.5 percent early on Monday on fears of further foreign fund outflows. |
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Rupee falls to 47.30, lowest since 2003 (06 October 11:16) |
| Rupee fell to its lowest since 2003 early on Monday in anticipation of more capital outflows. |
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BNP clinches Fortis' Belgian bank arm (06 October 11:16) |
| BNP Paribas took control of Belgian, Luxembourg businesses of troubled financial group Fortis. |
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'Fed moves to broker deal for Wachovia' (06 October 11:16) |
| US Federal Reserve is brokering discussions between Wells Fargo & Co and Citigroup. |
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Oil falls to $92, demand loss feared (06 October 11:16) |
| Oil prices slumped 2 per cent to USD 92 per barrel on Monday, falling for the fourth straight day. |
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Rupee falls to 47.30, lowest since April 2003 (06 October 09:18) |
| Rupee fell to its lowest since 2003 early on Monday in anticipation of more capital outflows. |
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Mittal loses 16.6 bn pounds in meltdown (06 October 09:18) |
| Mittal has lost 16.6 bn pounds in the global credit crunch owing to plummeting stock markets. |
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Half the stocks going below book value (06 October 09:18) |
| With the markets seeing consistent selling by overseas investors, many stocks are now quoting below their book value. |
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Mittal loses 16.6 bn in global meltdown (05 October 09:05) |
| Mittal has lost 16.6 bn pounds in the global credit crunch owing to plummeting stock markets. |
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Financial crisis may shake Nobel Eco Prize (05 October 09:05) |
| The current financial crisis is raising questions about the legacy of the Nobel economics award. |
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Investors lose $10 bn in US-listed Indian cos (05 October 09:05) |
| Indian companies listed on the American bourses lost close to 10 billion dollars during the past week. |
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Air India adopts slew of measures to cut costs (05 October 09:05) |
| Air India has decided not to entertain requests for upgrading passengers to First Class or allow excess baggage for free. |
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Indian biotech sector to touch $5 bn by 2010 (05 October 09:05) |
| Indian biotech sector is expected to become a five billion-dollar industry by 2010, says a report. |
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Pro-Tata farmers shut Singur down (04 October 01:40) |
| A 12-hour bandh by farmers who had given their land willingly for the Tata Motors Nano car project began in Singur. |
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Karnataka team to meet Tata officials (04 October 01:40) |
| A team of officials from Karnataka were expected to call on top management of Tata Motors at Pune next week. |
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Republicans are killing jobs in US: Obama (04 October 01:40) |
| Barack Obama and John McCain traded charges over whose policies were to blame for America's deepening economic woes. |
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WB funding for energy projects rise 87% (04 October 01:40) |
| The World Bank's funding for renewable and efficient energy projects in developing countries rose 87 per cent. |
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US House approves Wall St bailout (04 October 11:09) |
| The US Congress passed the landmark $700 billion Wall Street bailout bill that President Bush promptly signed into law. |
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Republicans are killing jobs in America: Obama (04 October 11:09) |
| Barack Obama and John McCain traded charges over whose policies were to blame for America's deepening economic woes. |
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Lodha, inheritor to Priyamvada Birla wealth, dies (04 October 11:09) |
| Industrialist and renowned chartered accountant R S Lodha (66) died of heart attack in London. |
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Tata's pull-out is victory of people: Mamata (04 October 09:17) |
| The Tata's pull-out of the small car project from Singur is a 'victory' of the people and the party's peaceful movement. |
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CPI leader reverses stand on SEZs (04 October 09:17) |
| A day after voicing strong opposition to Special Economic Zones (SEZs), CPI's Kerala unit secretary Veliyam Bhargavan clarified today his party was not opposed to such exclusive zones as suc... |
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Mkts tumble, Sensex nosedives by 529 pts (03 October 05:06) |
| In sync with weakening global stock markets, the Sensex on Friday tumbled nearly 529 points. |
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Investors world over lose $10 trillion so far (03 October 05:06) |
| In a tight bear hug since '08 beginning, investors across world have lost more than $10 tn. |
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Price tag on rescue plan may have to rise: Buffett (03 October 05:06) |
| Suggesting US Treasury to team up with private investors, Buffett has said price tag of $700 bn package may have to rise. |
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IOC's import bill to jump 17.6% (03 October 05:06) |
| Indian Oil Corp, nation's largest oil firm, said its crude oil import bill this fiscal is likely to rise by 17.6 per cent. |
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Income ceiling for creamy layer raised (03 October 05:06) |
| The Government raised the income ceiling for creamy layer from Rs 2.5 lakh to Rs 4.5 lakh. |
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'Current fiscal FDI may miss target by $10-bn' (03 October 05:06) |
| The foreign direct investment to the country may miss the current fiscal target by as much as USD 10 billion. |
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'Nuke power in India set to go up 15 times' (03 October 02:30) |
| Post nuke deal, the nuclear energy generation in India could increase fifteen fold to over 60,000 MW by 2030. |
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Govt to pay banks interest for farm debt write-off (03 October 02:30) |
| The Union Cabinet approved Rs 38.72 billion in interest payments to banks for loans write-off under the farm debt waiver scheme, Priyaranjan Dasmunsi said. |
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BofA gives top job to Merrill Lynch CEO (03 October 02:30) |
| Merrill Lynch's Chairman and CEO, John Thain will take over as the President of global banking, securities and wealth management. |
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Govt approves Daiichi-Ranbaxy deal: FM (03 October 01:24) |
| India has approved Japanese drugmaker Daiichi Sankyo's investment in Ranbaxy, FM said. |
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Hindustan Motors launches Outlander SUV (03 October 01:24) |
| Automobile firm Hindustan Motors launched sports utility vehicle 'Outlander' in the country, priced at Rs 20.2 lakh (ex-showroom). |
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IOC's import bill for crude up by Rs 300 cr (03 October 01:24) |
| Indian Oil Corporation said its import bill has gone up by Rs 300 crore for crude oil due to sharp depreciation in the rupee value. |
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Infosys shares fall after Axon backs HCL bid (03 October 01:24) |
| Shares in Infosys shed more than 4 per cent on Friday morning after Axon Group dropped its backing for the outsourcer's takeover bid in favour of a higher offer from HCL Technologies. |
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Markets plunge, slip below 13K level (03 October 11:10) |
| The benchmark Sensex dipped below 13k level and lost over 204 points in early trade on Friday. |
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Metro: Whose line is it anyway? (03 October 11:10) |
| The question of how five metro rail projects should be financed has become a bone of contention. |
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Banks borrow record $367.8 bn/day from Fed (03 October 11:10) |
| US banks' direct borrowing from Fed shot to a record in latest week as banks became almost totally reliant on the lender. |
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UBS axes 2,000 jobs investment banking jobs (03 October 11:10) |
| UBS will reorganise its investment bank, closing its commodities business and cutting 2,000 jobs. |
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Oil falls to $93 on financial turmoil (03 October 11:10) |
| Oil fell more than a dollar to below $93 a barrel on Friday, its third consecutive day of losses. |
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Reliance to test run new refinery soon (03 October 11:10) |
| RIL will begin test runs of its new export-oriented refinery at Jamnagar in the next few days. |
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