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Bentley to compensate global slowdown with India, China (10 October 05:45) |
| In Asia, the company sold maximum number of cars in China and the US is its biggest global market |
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Ahtisaari wins Nobel Peace Prize for pacifying disputes (10 October 05:03) |
| The Norwegian Nobel Committee hailed the 71-year-old Ahtisaari for his important efforts, on several continents and over more than three decades |
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Japan’s Yamato Life Insurance files for bankruptcy (10 October 04:32) |
| The failure of Yamato Life, which is a medium-sized life insurance company, is the first collapse of a Japanese insurance company in seven years |
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DoP launches electronic money order facility (10 October 04:27) |
| Initially, the facility would be launched across 2,500 post offices |
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Govt to inject more funds through supplementary demands: FM (10 October 04:20) |
| The supplementary demands for grants will be taken up for discussion and passage during Parliament session beginning on 17 October |
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Russia clears $86 bn rescue package for banks (10 October 04:12) |
| The Russian government would make $50 billion available to banks and firms that need to refinance foreign debt while the rest would be available as loans to banks |
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DLF, Unitech say no impending deals with Stanchart (10 October 04:03) |
| Media reports had said the Bank has held back loan disbursements to the two real estate firms; both companies deny |
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Sintex Industries Q2 PAT up 86% (10 October 04:00) |
| The company had a net profit of Rs45 crore in the September quarter of FY 08 |
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JSW to become India’s largest pvt sector steel maker (10 October 03:59) |
| Sajjan Jindal-led JSW Steel is in process of expanding its finished steel capacity at Vijaynagar plant in Karnataka to 6.8 million tonnes, against the present 3.8 million tonnes |
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Infosys crosses 100,000 employee mark (10 October 03:54) |
| Infosys and its subsidiaries added 10,117 employees in the second quarter of this fiscal that ended on 30September, taking the total head-count to 1,00,306 employees |
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AERB regional centres to come up in Kolkata, Chennai (10 October 03:33) |
| One regional centre would come up at Rajarhat in Kolkata while the other would be near Safety Research Institute in Kalpakkam near Chennai |
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ICICI Bank on recovery path after falling 28% (10 October 03:32) |
| On the volume front huge movement was witnessed as over 2.45 crore shares exchanged hands on the NSE and as many as 76.78 lakh shares exchanged hands on BSE |
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Era Infra JV bags Rs113 cr order from AAI (10 October 03:31) |
| In a filing to the Bombay Stock Exchange (BSE), Era Infra said the JV firm, KMB-ERA, has bagged a contract for construction of terminal building at the Indore Airport |
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Sensex recovers from early losses on FM’s comments (10 October 03:21) |
| The market recovered soon after reports came out that the inflation for the week ended 27 September declined to 11.80% |
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Japan to prepare bailout fund at G-7: Report (10 October 03:15) |
| The proposal will call for setting up a cooperative scheme through the International Monetary Fund to dole out emergency lending to nations whose financial systems run out of cash |
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Update: Rupee recovers to Rs48.93 against US dollar at 1250 hrs (10 October 03:12) |
| Rupee fell to historic level on mounting fears of heavy capital outflows after global credit crisis spread to Asia |
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Pak likely to invite China to join the IPI project: Report (10 October 02:56) |
| The proposal to invite China to join the venture will be firmed up during Iranian Foreign Minister Manoucher Mottaki’s visit to Pakistan beginning today |
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Sensex trims early morning crash of 1,088 pts (10 October 02:52) |
| The Sensex was quoted at 10,904.13, down by 424 points at 10:50am after most of the heavy-weight stocks pared early losses, Nifty was trading 99 points down |
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Tourism sector unaffected by fears of economic slowdown (10 October 02:41) |
| The foreign tourist arrivals have touched 3.87 millions by September this year, which is an increase of 10.4% over corresponding period of previous year |
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Apple to unveil new laptops on 14 Oct (10 October 02:38) |
| The company’s stock was up 1% at $90.64 in midday trading, but closed down 1% at $88.74 and, overall, it has lost about 56% |
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Citi walks out of Wachovia deal; paves way for Wells Fargo (10 October 02:25) |
| The battle between financial giants Citigroup and Wells Fargo began after Wachovia dumped the $2.2 billion deal with Citi in favour of a better offer from Wells Fagro |
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Indian corporate welcomes CRR cut, demands slashing of interest rates (10 October 01:47) |
| While welcoming the RBI’s move, apex chamber FICCI said there was a need to cut the repo rates by 150 basis points as well |
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Gold crosses 14K for first time in early trade (10 October 01:33) |
| Safe-haven buying following a steep drop in world equity markets was the main reason behind the rise in the yellow metal |
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Industrial growth nosedives to 1.3% in Aug (10 October 01:04) |
| The manufacturing sector put out a dismal performance growing by a mere 1.1% as against 10.7% in the same period a year ago |
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CRR cut could soften interest rates: Bankers (10 October 12:59) |
| Both lending and deposit rates are likely to see some downward trends as the cost of fund would decline |
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Infosys recovers early losses following market rebound (10 October 12:28) |
| The IT major, which opened on a weak note on the BSE, lost further ground and dipped to an intra-day low of Rs1,040, down over 17% from its previous closing price |
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Base metals hits lower circuit, melt 6% (10 October 12:17) |
| Strengthening of the US dollar against major currencies and softening crude oil in the global markets also continued to put base metal prices under pressure |
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Indian bond yields fall 13 bps, after CRR cut (10 October 12:03) |
| At 10:15am, the 10-year benchmark bond yield was at 7.69%, 13 basis points lower from 7.82%just before the announcement |
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Govt swings into action to tackle liquidity crunch (10 October 12:01) |
| Finance Minister sets up high-powered committee headed by Finance Secretary to assess the requirement |
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Japan PM says ready to call G8 summit on crisis (10 October 11:54) |
| The G7 meeting in Washington will also include a wider G20 meeting which includes financial leaders of other major economies including Russia, China and India |
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Earnings preview: Technology sector (10 October 10:00) |
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Event update: TCS Limited (10 October 09:53) |
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Pakistan on its knees (10 October 09:22) |
| Would India be ready to play Russia to Pakistan’s Iceland? |
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Asia cannot avoid impact of US, European markets: Singapore PM (10 October 04:45) |
| Lee Hsien Loongi said that the ills afflicting the global financial system can be attributed to derivatives trading, especially short selling which is an invitation to market manipulation |
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Dinner in the dark (10 October 01:00) |
| Toscano offers a blindfolded meal so patrons can ‘really’ appreciate the food |
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A mixed reaction to worldwide rate cuts (10 October 12:55) |
| European markets shed some early gains on Thursday ahead of Wall Street’s opening, but remained in positive territory, but Tokyo fell 0.5% to a five-year low |
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Superheroes to rescue Asia’s film industry (10 October 12:54) |
| At this week’s 13th Pusan International Film Festival, a South Korean production looks set to take on Batman, Iron Man and SpiderMan at their own game |
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Web pictures tempt media to overlook credit, payments, IPR (10 October 12:54) |
| Within the community of Indian bloggers, a sense of outrage has begun to organize itself into a movement against the unauthorized use of their photographs |
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Poll coverage: do we get the whole picture? (10 October 12:54) |
| Mint has tied up with Live Journal, a community that has more than a million members dedicated to the discussion of 2008 US election, to give readers an insight into the entire process |
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Bad plan to ban? (10 October 12:50) |
| Most psephologists believe curbing exit polls would give unreliable sources more of a thrust when it comes to making projections about elections |
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Hunting for financial order (10 October 12:43) |
| If there is a global financial meltdown, there may be no national markets left to protect |
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De-stress or distress at Indian spas? (10 October 12:22) |
| Spas at Indian hotels were always a disaster |
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When life hurts you, share a laugh (10 October 12:22) |
| Grief is raw, it is debilitating but it is also powerful |
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$2bn fund for secondary agriculture suggested (10 October 12:16) |
| DPS Verma committee, set up in 2006, is expected to submit its draft report to Planning Commission shortly |
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Work smarter with Windows (10 October 12:14) |
| Go green with your existing PC, delete an in-use locked file, autosync and back up folders across multiple PCs, conserve laptop battery when on the move, lock files and folders away from pry... |
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Colors pips Zee to No. 2 spot for week ended 4 Oct (10 October 12:03) |
| Colors is already the highest rated channel when the numbers are filtered for a particular target group |
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Zoellick warns developing world to prepare for tougher times (10 October 12:02) |
| The World Bank chief says the bank has identified around 28 countries that could face fiscal difficulties |
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Asia’s banks, economies still vulnerable to property downturn (10 October 12:02) |
| India’s property boom fizzled into a price drop of one-third this year in some cities, and analysts expect the same in 2009 |
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Sri Lanka earmarks record amount for defence spending (10 October 12:01) |
| Peace would allow Sri Lanka to reduce spending on its army, navy and air force from about 5% of GDP, compared with about 3% in India and Pakistan |
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Bush signs landmark US-India nuclear legislation (10 October 12:01) |
| Critics in India argue the constraints compromise their country’s right to conduct nuclear tests |
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