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Indian airports make steady journey for 24 hrs ops (17 May 04:02) |
| Airports at major metros are becoming operational 24 hours with more daylight flights being introduced by global carriers following the government insistence to this effect. |
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HCL Tech nears life sciences acquisition (17 May 01:40) |
| HCL Technologies, fifth-biggest technology firm of India, is in advanced talks for its first acquisition in the life sciences space. |
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Yash Birla group may cut number of auto units (17 May 01:22) |
| Yash Birla group is considering rationalising the number of manufacturing units of its auto and engineering business to 3-4 from the current 7, in order to gain from the economies of scale. |
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Competition Act to replace MRTP in 3 mths (17 May 01:11) |
| The much-delayed Competition (Amendment) Act, 2007 would replace the Monopolistic and Restrictive Trade Practices (MRTP) Act, 1969, in the next 3-4 months. |
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India, China to cooperate in financial sector (16 May 11:43) |
| India and China on Friday took another step to expand their economic ties by agreeing to cooperate in the financial sector through government agencies, private institutions and banks. |
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SAIL annual net profit up 21.52 per cent (16 May 10:28) |
| Public sector major Steel Authority of India Ltd (SAIL) made a net profit of Rs.75.37 billion in financial year 2007-08, marking an increase of 21.52 percent from the previous fiscal. |
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India, Brunei to sign four pacts next week (16 May 08:19) |
| India is set to expand its economic and energy ties with the oil-rich Southeast Asian country of Brunei by signing four agreements when Sultan Hassanal Bolkiah comes here next week. |
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Tata Motors launches eco-friendly Indica model (16 May 08:11) |
| Tata Motors on Friday launched a new dual fuel, eco-friendly model of its Indica range of vehicles. |
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ONGC subsidy outgo to rise about 17.5% in 07-08 (16 May 07:35) |
| Oil and Natural Gas Corp (ONGC) is likely to see a 17.5 per cent rise in its outgo towards subsidising auto and cooking fuel to over Rs 20,000 crore in 2007-08. |
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Cons goods IIP riddle: relook at items, weighting diagram (16 May 05:40) |
| When the index of industrial production for March 2008 was released, serious loss in the momentum of growth during that month as well as for 2007-08 understandably caused a great deal of con... |
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RPL refinery to redraw fuel trade routes (16 May 05:36) |
| When Reliance Industries opens a second huge refinery this summer, world oil consumers may heave a sigh of relief at the injection of extra fuel into a market that has been short of capacity... |
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Fuzzy note holds up steel goods exports (16 May 05:30) |
| Export-oriented finished steel goods worth Rs 500cr is held up in the country, either at the ports or at the factories, thereby incurring loss in terms of value and also goodwill in the expo... |
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‘IDFC will stay an institutional player’ (16 May 05:27) |
| IDFC executive director Vikram Limaye spoke to Joel Rebello on the company’s plans and the challenges it faces. |
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Punjab National Bank net up 129% (16 May 05:25) |
| Punjab National Bank on Thursday posted an over twofold jump in net profit to Rs 544 crore for the quarter ended March 31 (Q4), on the back of better recovery and improved margins. |
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Royal Sundaram bets on customised plans (16 May 05:24) |
| Like most general insurers, Royal Sundaram Alliance Insurance (RSA) too has witnessed a slowdown in growth of premium income in the detariff regime. |
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PE players home in on mid-segment housing projects (16 May 05:22) |
| Private equity (PE) investors are now looking at investing only in residential projects priced between Rs 30 lakh and Rs 70 lakh. |
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New tech can cut EPO, insulin prices to one-eighth (16 May 05:18) |
| Pharmaceutical companies will be able to produce life-saving proteins such as insulin, erythropoietin and interferon at one-eighth their current cost by using a process involving VFF2 techno... |
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Jain Irrigation to invest Rs 550 cr in Jalgaon (16 May 05:17) |
| Diversified agri-irrigation company Jain Irrigation will invest Rs 550 crore in Jalgaon district in Maharashtra in two projects under the state government’s mega projects policy. |
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Phoenix Mills will build 25 hotels in 5 yrs (16 May 05:16) |
| The group intends to grow in three verticals — luxury hotels, mid-market or economy hotels and destination resorts and spas. |
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SC relief for Tata Power on Aptel order (16 May 05:14) |
| The Supreme Court has stayed Aptel’ s order, which asked the Maharashtra Electricity Regulatory Commission to consider Reliance Energy Ltd’s claim over power generated by the Tata Power ... |
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Fuel costs, forex loss may hit Jet (16 May 05:13) |
| Exorbitant jet fuel and foreign exchange losses are likely to pull full service carrier Jet Airways into losses in the fourth quarter of 2007-08. |
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SAT relief for Goldman in derivatives case (16 May 05:06) |
| Goldman Sachs on Thursday received a major relief over issuance of offshore derivatives instruments with appellate body SAT reversing market regulator Sebi’s order. |
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A poor year for infrastructure industries (16 May 05:05) |
| The composite index stood at 279.8 in March, notching up a rise of 9.6% on a year-on-year basis; though short of the incremental growth of 10.5% in March 2007. |
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Want to get into MFs directly? Read this (16 May 05:03) |
| Fund houses have effected a sea change in their services since the Securities and Exchange Board of India (Sebi) waived the entry load for investors getting into mutual funds directly. |
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Inflation hits 3-yr high of 7.83 pc (16 May 03:32) |
| Inflation hits 3-yr high of 7.83 pc. |
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Icahn fights Yahoo board to spur Microsoft deal (16 May 02:44) |
| Billionaire investor Carl Icahn officially launched a proxy fight to oust the Yahoo board in a bid to revive Microsoft spurned deal for the Internet powerhouse. |
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Reliance Infra dilutes 5 pc stake (16 May 02:17) |
| Reliance Infratel is diluting 5 per cent stake to a clutch of American and European investors in a pre-IPO placement, a deal that values the company at about Rs 50,000 crore. |
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Sensex @10.30am: 17,336, down 17 pts (16 May 01:04) |
| The benchmark of Bombay Stock Exchange Sensex today opened 138 pts up at 17,491 pts. |
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Sensex @2pm: 17,396, up 43 pts (16 May 01:04) |
| The benchmark of Bombay Stock Exchange Sensex today opened 138 pts up at 17,491 pts. |
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Sensex @12.30 pm: 17,414, up 60 pts (16 May 01:04) |
| The benchmark of Bombay Stock Exchange Sensex today opened 138 pts up at 17,491 pts. |
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REL lands power-packed punches on BEST (16 May 12:29) |
| Reliance Energy Limited (REL) has finally come out of its shell and strongly reacted to the allegations by their counterpart BEST regarding CBI inquiry into REL Rs 11,000-crore public issue. |
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Reliance Energy lands power-packed punches on BEST (16 May 12:29) |
| Reliance Energy Limited (REL) has finally come out of its shell and strongly reacted to the allegations by their counterpart BEST regarding CBI inquiry into REL Rs 11,000-crore public issue. |
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Torrent Power to pay Rs.663 mn in dividends (15 May 10:33) |
| Torrent Power Ltd announced payment of Rs 663mn as dividend to its shareholders for the fiscal year 2008. |
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Woodlands to infuse Rs 20 cr on modernisation (15 May 08:53) |
| Woodlands hospital would infuse Rs 20 crore in modernisation and introduction of new diagonistic facilities during the current year. |
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Yahoo launches new service for advertisers (15 May 08:36) |
| Internet giant Yahoo India today announced the launch of Yahoo search marketing platform for advertisers to do more with their campaigns and gain a higher return by targeting relevant custom... |
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UTV to have independent Hollywood venture (15 May 08:28) |
| UTV Motion Pictures has announced its first independent Hollywood venture "Ex-terminators". |
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US nod to four Zydus Cadilla drugs (15 May 07:56) |
| The US Food and Drug Administration has granted approval to four drugs manufactured by the Gujarat-based pharmaceutical Zydus Cadilla. |
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Kingfisher to start Kathmandu flights (15 May 07:53) |
| Kingfisher Airlines, the private Indian airline that boasts of "premium first class service on domestic route", will soon spread its wings overseas with flights to neighbouring Nepal. |
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Tension grips POSCO site after villagers clash (15 May 07:46) |
| Tension gripped the project-site of the South Korean steel major Posco in Orissa after supporters and opponents of the mega-project clashed, an official said Thursday. |
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India Colombia trade target set at $2 bn (15 May 07:40) |
| India and Colombia have set a target to increase bilateral trade to $2 billion from the $650 million at present. |
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IPR deed badly backfires for Satyam (15 May 06:15) |
| Firm’s legal team goes into a huddle; Co says it has some insurance cover; Trial begins in June 2009. |
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Steel cos want govt to keep word (15 May 06:13) |
| The export tax on steel products notified last week has reopened the wounds of steel producers, who had earlier cut prices by Rs 4,000 per tonne to help the government battle inflation. |
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Lanco wins Vizhinjam port work (15 May 06:12) |
| Lanco Infratech's consortium with Malaysia’s Pembinan Redzai won the bid for development of the Rs 8,000 crore Vizhinjam International Container Transhipment Port in Kerala. |
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Welspun, GHCL may be eyeing Linens ’n Things (15 May 06:10) |
| The market was rife with speculation on Wednesday that textile majors Welspun India Ltd and Gujarat Heavy Chemicals Ltd (GHCL) were in the race to buy US-based Linens ’n Things for $1.1 bi... |
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Crompton gets Nagpur power distribution nod (15 May 06:10) |
| Industrial and power systems company Crompton Greaves Ltd is expected to take over the distribution and billing rights for electricity supply to Nagpur city by July-end. |
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PEs find exit harder as craving for floats dips (15 May 06:08) |
| The lull in initial public offerings (IPOs) presents opportunities galore for private equity funds, which seem to have become the first port of call for companies in urgent need of capital. |
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Barclays raids ABN Amro talent pool (15 May 06:07) |
| Barclays may have lost the battle to buy ABN Amro late last year, but its investment bank's latest move demonstrates that it is not ready to concede defeat in the war for advisory revenue. |
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Analysts rethink Re/$ level (15 May 06:06) |
| The rupee’s rapid fall in the last two weeks has forced economists to review their year-end forecasts for the Indian currency. |
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Air traffic slumps to new low (15 May 06:05) |
| Air traffic in April, which is considered a good month for airlines, grew by just 8.65% to 38.92 lakh passengers from 35.92 lakh passengers during the same month last year. |
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Moser Baer sees Blue-ray of light for optical media (15 May 06:03) |
| Optical storage device maker Moser Baer India expects nextgeneration optical disc storage media format Blue-ray to be a ‘key factor’ in reviving the growth of the optical business. |
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