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Inflation at 7.83 pc (17 May 12:00) |
| An unabated rise in inflation to a 44-month high of 7.83 per cent has added to the miseries of the government as Finance Minister P Chidambaram warned of more administrative steps in case st... |
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Oil cos want to stop LPG connections (17 May 12:00) |
| Faced with a whopping Rs 2,00,000 crore revenue loss on fuel sales this fiscal, state-run oil firms have decided not to issue new domestic LPG connections and fix a quota for existing custom... |
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UN slashes global economy forecast (17 May 12:00) |
| Warning that the world economy is now “teetering on the brink of a severe global downturn,” the United Nations (UN) has said it expects growth this year to be sharply lower at 1.8 per ce... |
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Aditya Birla starts retailing apparel (17 May 12:00) |
| Chairman of Aditya Birla group Kumar Mangalam Birla checks out a denim at the launch of Peter England People showroom in city. Billed as the family store, the company expects to garner Rs 4... |
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Stock markets gain despite inflation (17 May 12:00) |
| Mumbai: The stock markets shrugged off high inflation numbers and registered a third consecutive day of gains on strong buying in banking scrips. The BSEs 30-share Sensex gained 81.40 points... |
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Gold, silver prices rise on global cues (17 May 12:00) |
| Mumbai: Gold prices rallied smartly on persistent buying by stockists in view of rising inflation, coupled with higher global advices, boosted the market sentiment. In the local market, stan... |
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Rupee recovers 21p against dollar (17 May 12:00) |
| Mumbai: In highly volatile movements, the rupee recovered smartly by 21 paise to 42.54/55 against the dollar following slowdown in the US currency buying by oil refiners and firm equity mark... |
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Infrastructure up 9.6 pc in march (16 May 12:00) |
| Driven by finished steel and cement production, the country’s core infrastructure industries registered a growth of 9.6 per cent in the month of March. Even though this growth figure – c... |
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FM bats for more cuts in cement prices (16 May 12:00) |
| The government has said it expects further cuts in cement prices for taming inflation, but ruled out reduction in import duties on crude oil, claiming the measure would not have any impact o... |
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DoT wants Tata Tele to pay Rs 2,015 cr (16 May 12:00) |
| New Delhi: The Department of Telecom (DoT) has filed a petition before telecom tribunal TDSAT seeking to recover Rs 2,015 crore from private telecom operator Tata Teleservices (Maharashtra) ... |
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PNB’s Q4 net up over 2-fold at Rs 544 cr (16 May 12:00) |
| New Delhi: Countrys second-largest public sector lender, Punjab National Bank (PNB), has posted an over two-fold jump in net profit to Rs 544 crore for the fourth quarter ended March 31 on b... |
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India downgraded on competitiveness (16 May 12:00) |
| New Delhi: India which is rich in land, people and natural resources has become a less competitive economy in the past one year, slipping to 29th position from last years 27th, according t... |
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Rupee tumbles by another 31 paise (16 May 12:00) |
| Mumbai: Heavy buying in dollar at the fag end of trading pushed the rupee lower by 31 paise to 42.75/76 against the greenback, extending losses for the fourth successive day. The rupee has l... |
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Gold recovers, but silver slips further (16 May 12:00) |
| Mumbai: Gold prices recovered on the bullion market here on renewed demand from stockists coupled with positive global advices, while silver declined further due to persistent selling from s... |
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Govt not arresting growth: Montek (15 May 12:00) |
| Dismissing fears that the government was sacrificing growth to check price rise, deputy chairman of Planning Commission Montek Singh Ahluwalia said on Wednesday that the Centre was trying to... |
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Banks’ deposits grow higher than credit (15 May 12:00) |
| Riding on the back of a high interest rate regime, banks’ deposits are growing faster than their credit expansion, according to a latest study. “Lucrative rates in the high interest rate... |
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Cement firms to cut prices in some states (15 May 12:00) |
| Within days of the steel industry announcing price cuts, cement firms agreed on Wednesday to cut rates by Rs 3-7.5 per bag of 50 kg with immediate effect in some states. The reduction will b... |
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Oil nears $127 before dropping again (15 May 12:00) |
| London: The price of oil fell on expectations of rising US energy inventories, after striking a record high point $126.98 per barrel overnight, traders said. New Yorks main oil futures contr... |
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NTPC to borrow Rs 1.05 lakh cr (15 May 12:00) |
| New Delhi: NTPC Limited, the nations largest power generation company, is looking to borrow over Rs 1,05,000 crore from domestic and overseas markets in the next 4-5 years to meet its ambiti... |
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Rupee falls another 34p against dollar (15 May 12:00) |
| Mumbai: The rupee tumbled by another 34 paise to a fresh 13-month low of 42.44/45 against the dollar following good demand for the US currency, mainly from oil refiners. It had dropped to a ... |
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US exim bank to fund $10 bn in projects (15 May 12:00) |
| New Delhi: The Exim Bank of the US has said it will extend up to $10 billion of loans to Indian companies through financial institutions for imports from the US mainly, for infrastructure pr... |
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Precious metals dull on weak global cues (15 May 12:00) |
| Mumbai: Gold and silver declined on the Bullion market here on lack of demand at current levels, coupled with persistent stockists offerings triggered by fall in global markets. Standard gol... |
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Apply now, pay later (14 May 12:00) |
| Mumbai: Market regulator Securities Exchange Board of India (SEBI) has given an in-principle approval for an alternative mode of payment for public and rights issues. The decision will enabl... |
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Steel cos ask for cut in new export duty (14 May 12:00) |
| Kolkata: Representatives from the country’s steel industry will meet officials in the Finance Ministry and the Steel Ministry to submit a memorandum requesting complete scrapping of the ex... |
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FinMin to issue oil bonds worth only Rs 35,300 cr (14 May 12:00) |
| New Delhi: The Finance Ministry is understood to have agreed to issue oil bonds to compensate only Rs 35,300 crore, or 50 per cent, of the losses suffered by oil companies last fiscal year o... |
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Gold declines on lack of demand (14 May 12:00) |
| Mumbai: Gold prices declined on lack of demand at higher levels amidst mild stockists offerings in view of weak global cues, while silver prices flared up on good industrial demand. Standard... |
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Tata to export ‘Nano’ to promising markets (14 May 12:00) |
| New Delhi: Tata Motors has said it will consider exporting the Rs 1-lakh car to many promising markets, including the US. Tata Motors has plans for exports. But the Tata Nano will be initial... |
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SBI ties up with IAG for general insurance (14 May 12:00) |
| Mumbai: State Bank of India (SBI) has announced a general insurance joint venture with Australias Insurance Australia Group (IAG) and plans to commence the business in the current financial ... |
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US slowdown will affect Asia: Moody’s (14 May 12:00) |
| New Delhi: The famous adage If the US sneezes, Asia catches cold still holds true and Asia is expected to feel the heat of the credit crunch in the worlds largest economy in the second or th... |
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Hewlett-Packard to buy EDS for $12.6 bn (14 May 12:00) |
| New York: Hewlett-Packard Co has struck a deal to buy Electronic Data Systems (EDS) Corp for $12.6 billion, seeking to boost its technology services business to better compete against market... |
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Production growth plunges in March (13 May 12:00) |
| New Delhi: The country’s industrial output growth slowed to its weakest in six years for the month of March, and analysts said that would limit measures the Reserve Bank of India (RBI) cou... |
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City to get 53 lakh sq ft of malls (13 May 12:00) |
| Mumbai: The city is expected to witness approximately 53 lakh square feet of new mall space in 2008. The estimated supply will be spread between April and September this year, according to a... |
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Gold bounces back on global cues (13 May 12:00) |
| Mumbai: Gold prices bounced back on the bullion market here on renewed demand from stockists on the back of higher global advices. Silver also inched up on mild demand from industrial users.... |
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ICICI cuts home loan EMIs, ups tenor (13 May 12:00) |
| New Delhi: Seeking to mitigate inflationary pressure in a rising interest rate scenario, the countrys largest private sector lender ICICI Bank has decided to rather increase the repayment te... |
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Bajaj, Renault-Nissan to make 1-lakh car (13 May 12:00) |
| New Delhi: Bajaj Auto Limited (BAL), the countrys second largest two-wheeler maker, has announced a joint venture with Renault-Nissan to produce a $2,500-car by 2011 that will compete with N... |
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Rupee crosses 42-mark against US dollar (13 May 12:00) |
| Mumbai: The Indian rupee tumbled on Monday by 47 paise to close at a nearly 13-month low of 42.05/06 against the greenback following heavy dollar buying by oil refiners as crude oil prices r... |
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Bharti Airtel will offer iPhone too (13 May 12:00) |
| New Delhi: Indias largest mobile operator Bharti Airtel has announced a tie-up with US-based Apple Inc to bring the popular GSM-based iPhone in the country. Sources said that Airtel may star... |
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More FIIs get into Sensex (12 May 12:00) |
| Mumbai: The number of foreign institutional investors (FIIs) has risen sharply in several Sensex shares during the quarter ending March 31, 2008, according to data on shareholding pattern in... |
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The game is afoot (12 May 12:00) |
| New Delhi: The next time you share office information with others, watch out! With the number of cases of employees sharing office secrets with outsiders unlawfully increasing all the time, ... |
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Career persons need to conserve too (12 May 12:00) |
| All of us spend so much time running around to build a career that we don’t even stop to think what kind of a legacy we will leave behind. Now I am not referring to any monetary legacy. Ra... |
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‘Inflation will drop to 6.4 pc in 3 months’ (12 May 12:00) |
| New Delhi: Economic think-tank IEG has projected inflation easing to around 6.4 per cent within three months from 7.61 per cent at the moment, partly due to the governments fiscal measures a... |
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Metro to the rescue of small grocers (12 May 12:00) |
| Mumbai: High-end services from the neighbourhood grocer could soon become a reality with German wholesaler Metro planning to train them to face the challenge from organised retail chains. Me... |
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BSE received over 800 complaints in April (12 May 12:00) |
| Mumbai: Investors registered 881 complaints against 287 companies listed on the Bombay Stock Exchange in the month of April, which is slightly higher than the 856 complaints against 279 firm... |
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CII slapped with service tax notice (12 May 12:00) |
| New Delhi: The government has slapped a notice to apex industry association Confederation of Indian Industries (CII), asking it to make a payment of Rs 33 crore as service tax, but the chamb... |
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Govt needs to import even expensive (12 May 12:00) |
| New Delhi: Government should consider entering into long-term contracts for imports of gas even at a higher price of $12-14 as against the prevailing rate of $10-11 per million metric Britis... |
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Seeding new businesses (11 May 12:00) |
| Every Saturday in Maharashtra a group of Maharashtrian entrepreneurs diligently meet to explore emerging business opportunities. And, more often than not, these meeting result in deals – w... |
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Look beyond the IT sector for recent dollar gains (11 May 12:00) |
| While the dollar’s fall against the rupee was quite quick earlier this year, its recent recovery has been even more dramatic. In just a couple of days, each US greenback has come within st... |
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Centre considering cotton import (11 May 12:00) |
| Chennai: The government is considering importing cotton from African nations and Uzbekistan to provide relief to the textile sector, Minister of State for Textiles E V K S Elangovan said on ... |
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Dish TV to offer free set-top boxes (11 May 12:00) |
| New Delhi: Direct-to-home service provider Dish TV said on Saturday that it will provide free set-top boxes to its subscribers a move to take on competitors especially the new entrants like... |
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Rly bags Rs 4048 crore malaysian contract (11 May 12:00) |
| New Delhi: Indian Railway has bagged a Rs 4048 crore contract to construct a 103-km electrified high-speed double line in Malaysia. The contract, which will be executed by IRCON, a PSU under... |
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