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Financial crisis may pressure interest rates in India: RBI (10 October 10:12) |
| Washington, Oct 10 (PTI) Amid India Inc's expectations of a cut in lending
rates, Reserve Bank has said global financial crisis could put upward pressure
on domestic interest rates in In... |
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Bailout plan big enough; anxiety worsening problems: Bush (10 October 10:12) |
| Washington, Oct 10 (PTI) Noting that a high level of anxiety about the
financial crisis was worsening the problem, US President George W Bush today
said his government's "aggressive" res... |
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Gold crosses 14K-mark, ends at Rs 14,105 (10 October 08:12) |
| Mumbai, Oct 10 (PTI) Sharp fall in global equity markets amid strong overseas
advices and sustained festival buying, pushed up gold prices to breach the
14K-mark to reach a new peak of R... |
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ICICI Bank blames 'vested interests' for stock plunge (10 October 08:12) |
| New Delhi, Oct 10 (PTI) The country's top private sector lender ICICI Bank
today said its financial position remains strong and "vested interests" were
continuing to hammer down its shar... |
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Infy Q2 net jumps 30 pc at Rs 1,432 crore (10 October 08:12) |
| Bangalore, Oct 10 (PTI) Beating market expectations, IT major Infosys
Technologies today reported a 30.2 per cent jump in net profit at Rs 1,432
crore in the second quarter but revised i... |
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Markets defy swift actions by Govt, RBI; Sensex tanks 801 pts (10 October 08:12) |
| Mumbai, Oct 10 (PTI) Even back-to-back swift actions by RBI and Finance
Ministry and a fall in inflation beating expectations failed to instill any
dose of confidence in panic-stricken i... |
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India can join IPI pipeline project whenever it desires: Pak (10 October 04:28) |
| Rezaul H Laskar
Islamabad, Oct 10 (PTI) The multi-billion-dollar IPI pipeline project should be
initiated bilaterally between Pakistan and Iran while India could join the
venture w... |
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Sensex recovers from early losses on FM's comments (10 October 04:28) |
| Mumbai, Oct 10 (PTI) The benchmark Sensex by midsession partially recovered to
trade at 10,726.06 points, still lower by over 600 points, after suffering
massive losses in early trade on... |
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Industrial growth nosedives to 1.3 per cent in August (10 October 02:12) |
| New Delhi, Oct 10 (PTI) Amidst crisis in the global financial markets, India
today reported a sharp drop in industrial growth to 1.3 per cent in August from
a high of 10.9 a year-ago.
... |
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India Inc welcomes CRR cut, demands slashing of interest rates (10 October 02:12) |
| New Delhi, Oct 10 (PTI) Reeling under severe credit crunch, the Indian industry
today welcomed the RBI decision to cut CRR rate by another 100 basis points but
said the government and th... |
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RBI cuts CRR by another 1 pc unlocking Rs 60,000 cr of funds (10 October 02:12) |
| Mumbai, Oct 10 (PTI) In a swift response to global credit crisis, the Reserve
Bank today slashed the mandatory deposit that banks keep with it by another one
per cent, a move that will i... |
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Infrastructure growth plunges to 2.3 pc in August (10 October 02:12) |
| New Delhi, Oct 10 (PTI) Growth in key infrastructure industries plunged to 2.3
per cent in August this fiscal from 9.5 per cent a year ago with several
segments, including crude oil and ... |
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Delhi govt asks envi mini to curb supply of adulterated fuel (10 October 12:23) |
| New Delhi, Oct 10 (PTI) In a bid to control pollution through vehicles from
neighbouring states using adulterated fuels, the state government has asked
Environment Ministry to issue dire... |
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Govt swings into action to tackle liquidity crunch (10 October 12:23) |
| New Delhi, Oct 10 (PTI) Hit by a credit crunch and crash in the stock markets,
Finance Minister P Chidambaram today said that main problem is liquidity and
government would do everythin... |
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Sensex trims early mornings losses (10 October 12:23) |
| Mumbai, Oct 10 (PTI) The Bombay Stock Exchange benchmark, Sensex, today staged
partial recovery after the Reserve Bank of India reduced CRR by further one per
cent and pared nearly half ... |
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Sensex crashes 1,088 pts; Nifty down 314 points in early trade (10 October 12:23) |
| Mumbai, Oct 10 (PTI) The Bombay Stock Exchange benchmark Sensex today tumbled
by nearly 10 per cent to 10,239.76 in opening trade as foreign funds dumped
heavy-weight stocks owing to spr... |
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Dow Jones closes below 8000 for the first time since 2003 (10 October 12:23) |
| New York, Oct 10 (PTI) Stocks have taken a deep dive with the Blue Chip Dow
Jones Industrial closing below 8000 for the first time since 2003.
Despite a series of steps taken to shor... |
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FM leaves for US to attend G-20 meet on financial crisis (09 October 10:15) |
| New Delhi, Oct 9 (PTI) Finance Minister P Chidambaram today left for
Washington to attend the fall meeting of International Monetary Fund and World
Bank, as well as a special meeting of... |
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US stocks bounce back; Indian ADRs surge (09 October 10:15) |
| New York, Oct 9 (PTI) US stocks today bounced back after a six-day losing
streak as authorities worldwide geared up to tackle the financial crisis, and
IT services giant IBM's quarterly... |
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Kashkari to discuss bailout plan progress on Monday (09 October 10:15) |
| Washington, Oct 9 (PTI) Neel Kashkari, the Indian-origin space engineer
appointed by US government to oversee the USD 700-billion financial bailout,
will detail out the progress on the.... |
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No breakthrough in India-Japan FTA talks ahead of PM's visit (09 October 08:12) |
| Tokyo, Oct 9 (PTI) India and Japan today reported "progress" in their
negotiations to reduce trade barriers but failed to achieve a breakthrough to
conclude a Free Trade Agreement (FTA)... |
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US national debt clock runs out of digits (09 October 08:12) |
| New York, Oct 9 (PTI) Such is the surge in America's debt that even technology
is finding it difficult to measure its level as a clock earmarked for keeping a
tab on country's national ... |
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ArcelorMittal confident of improved profits amidst eco crisis (09 October 04:12) |
| London, Oct 9 (PTI) World's largest steel producer ArcelorMittal today said it
expects improved profits in the second half of this year, despite the global
financial crisis and slump in ... |
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Shareholders should decide corporate salaries, not govt: Gupta (09 October 04:12) |
| New Delhi, Oct 9 (PTI) Corporate entities of both public and private sector
will be free to fix the salaries of their top honchos, with Corporate Affairs
Minister Prem Chand Gupta saying... |
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Anand Agri varsity demands 2,200 acres from Guj govt (09 October 04:12) |
| New Delhi, Oct 9 (PTI) An agriculture university has asked the Gujarat
government for 2,200 acres of farm land in lieu the land given to Tata Motors
for small car project.
"We have d... |
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Treasury Dep mulls taking ownership stakes in US banks (09 October 12:13) |
| New York, Oct 9 (PTI) The US Treasury Department is considering taking
ownership stakes in many American banks to restore confidence in the troubled
financial system after measures taken... |
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US Treasury Secretary seeks special meeting of G-20 (09 October 12:13) |
| Washington, Oct 9 (PTI) Amid the global market turmoil, US Treasury Secretary
Henry Paulson has said he is seeking a special meeting of the Group of 20
countries, including India, to dis... |
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Financial crisis fault lines not in Asia: Singapore minister (09 October 10:10) |
| Dubai, Oct 8 (PTI) Banks in ASEAN countries are not short of capital as they
have a limited exposure to subprime loans and the finance systems are not
facing the kind of issues plaguing... |
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Fundamentals strong, don't act in haste: FM to investors (08 October 08:24) |
| New Delhi, Oct 8 (PTI) Attributing the fall in Indian stock markets to
happenings in the United States and other Asian markets, Finance Minister P
Chidambaram today cautioned against any... |
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Ranbaxy upbeat as US Dept of Justice withdraws motion (08 October 06:15) |
| New Delhi, Oct 8 (PTI) Pharmaceutical major Ranbaxy Labortaories today said it
remained confident that its products were safe and effective as the US
Department of Justice (DoJ) withdrew... |
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Sensex fall for fourth day, test below 11k level (08 October 06:15) |
| Mumbai, Oct 8 (PTI) Amidst tumbling of stocks in Asia and Europe, the Bombay
Stock Exchange benchmark Sensex plunged below 11,000 points in early trade
today-- for the first time in more... |
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Gold rallies to record Rs 13,850 per 10 gram (08 October 06:15) |
| New Delhi, Oct 8 (PTI) Gold prices zoomed to an all-time high of Rs 13,850 per
10 gram in the national capital today as plunging stock markets and deepening
global financial crisis spurr... |
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FCI expects to lift 85 lakh MT rice from Punjab this season (08 October 04:14) |
| Chandigarh, Oct 8 (PTI) Food Corporation of India expects to lift 85 lakh
metric tonne (MT) of rice from the state during this kharif marketing season, a
top official of the central agen... |
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Gold scales to an all-time high of Rs 13,745 (08 October 04:14) |
| Mumbai, Oct 8 (PTI) Gold prices rallied to an all-time high of Rs 13,745 in
early trade on the bullion market here today on hectic stockists buying
prompted by higher global advices as w... |
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Bank stocks tank 7 pc amid weak market (08 October 02:12) |
| Mumbai, Oct 8 (PTI) Banking scrips today plunged as much as seven per cent on
the Bombay Stock Exchange on concerns over foreign investors pulling out funds
from the domestic market, eve... |
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Govt not to launch overseas dollar bonds; may relax ECB norms (08 October 02:12) |
| New Delhi, Oct 8 (PTI) Government today ruled out launching of
dollar-denominated bonds but indicated that it may further relax overseas
borrowing norms and raise FII investment limit in... |
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IT stocks dips 8 pc in morning trade (08 October 12:15) |
| Mumbai, Oct 8 (PTI) IT stocks today fell little over 8 per cent in early trade
as the weakening rupee, which plunged to six-year low of 48.42 in late morning
trade, failed to bolster con... |
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Dhaka, Yangon agree to start work on road construction (08 October 12:15) |
| Anisur Rahman
Dhaka, Oct 8 (PTI) Bangladesh and Myanmar have agreed to start at the earliest
the construction of the proposed road, which would lead to better connectivity
between th... |
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Sensex tanks over 680 points in opening trade (08 October 12:15) |
| Mumbai, Oct 8 (PTI) The Bombay Stock Exchange benchmark Sensex plunged by over
680 points in early trade today following melting global stock markets on
deepening worldwide financial cri... |
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Sensex falls below 11,000 level (08 October 12:15) |
| Mumbai, Oct 8 (PTI) The benchmark Sensex today breached the 11,000 level for
the first time since August 2006, with losing little over 730 points in late
morning trade following weak glo... |
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IMF cautions on 'piecemeal' approach for global financial crisis (07 October 10:45) |
| Washington, Oct 7 (PTI) Hitting out at "piecemeal" interventions to resolve the
global financial crisis, IMF has warned that these steps have failed to restore
market confidence and deci... |
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Nifty up 4 pts at 3,606.60 pts in volatile trade (07 October 10:45) |
| Mumbai, Oct 7 (PTI) The market failed to absorb relief measures initiated by
the government to tide over the current liquidity crunch as broader index S&P
CNX Nifty ended marginally up 4... |
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Medvedev orders release of USD 36 bn loan to ease credit crunch (07 October 10:45) |
| Vinay Shukla
Moscow, Oct 7 (PTI) Russian President Dmitry Medvedev today ordered the
government to urgently release USD 36 billion to the banks to ease credit
crunch and restore invest... |
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Ambanis MoU to be produced in HC tomorrow (07 October 10:45) |
| Mumbai, Oct 7 (PTI) Anil Ambani-led Reliance Natural Resources Ltd (RNRL)
would tomorrow place before the Bombay High Court part of the memorandum of
understanding between Anil, his bro... |
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India for change in global financial regulatory systems (07 October 10:45) |
| United Nations, Oct 7 (PTI) In wake of the global economic crises, India has
strongly favoured a change in financial regulatory systems while advocating
that developing countries have o... |
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CPI(M) slams SEBI move to relax PN norms (07 October 06:11) |
| New Delhi, Oct 7 (PTI) The CPI(M) today slammed market regulator SEBI's
decision to relax restrictions on Participatory Notes (PNs), saying it was a
"retrograde and illogical" step which... |
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Gold prices rise sharply as equities, commodites plunge (07 October 06:11) |
| New Delhi, Oct 7 (PTI) Tracking strong global cues gold prices today rose by Rs
520 to close at Rs 13,400 per ten gram in the bullion market here on festive
buying and melting stock mark... |
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Gold advances by Rs 200 per ten grams in early trade (07 October 04:11) |
| Mumbai, Oct 7 (PTI) Gold prices today advanced by Rs 200 per ten grams to Rs
13,330 in early trade on the bullion market here on persistent stockists buying
in view of festival season co... |
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India criticises UN over financial crisis (07 October 12:14) |
| New York, Oct 7 (PTI) India has sharply criticised the United Nations and its
affiliated organisations for sitting on the sidelines as the current financial
crisis unfolded, saying that... |
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WB for bringing India in Streeing Group of G7 (07 October 12:14) |
| Washington, Oct 7 (PTI) With the view to solve the economic crisis of the world
the Group of Seven (G-7) should be transformed into an expanded Steering Group
to include rising economic ... |
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