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Jet opens luxury lounge room at Newark Airport (10 October 09:18) |
| The lounge room (previously occupied by Silver Jet, which recently went bankrupt) will be shared by Jet Airways and the French airline, L'Avion. |
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Lehman attorneys will mint money (10 October 09:18) |
| According to court documents, law firm Weil, Gotshal & Manges is seeking up to $ 950 an hour to represent Lehman while restructuring specialist Alvarez & Marsal is requesting hourly bill... |
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PM commissions Baglihar power project (10 October 07:18) |
| Prime Minister Manmohan Singh on Friday dedicated to the nation the 450-MW Baglihar hydro electric power project built on river Chenab in Ramban district of Jammu and Kashmir. |
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Rail passengers can now carry any one proof of identification (10 October 07:18) |
| In an effort to popularise e-ticketing among passengers, the Railways has decided to dispense with the existing provision of specifying the type of proof of identification to be carried at t... |
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Rediff wins domain name dispute (10 October 07:18) |
| The WIPO's Arbitration and Mediation Centre transferred the domain name 'Rediffmobile.com' registered by a nondescript Vancouver company to Rediff.com India Ltd. The panel which went into th... |
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Global finance crisis: A five point solution (10 October 07:18) |
| There is a way out of our shared predicament. The trick is to get policymakers around the world to pull in the same direction, says Dominique Strauss-Kahn. |
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Begging: A Rs 1.8 billion industry (10 October 07:18) |
| After a two year long survey, which has been published under the title Beggars in Hyderabad, Hyderabad based sociologist Mohammed Rafiuddin that there were 73,00,000 beggars across India who... |
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Jet to discontinue Mumbai-Shanghai-Frisco flight from Jan 13 (10 October 07:18) |
| However, passenger traffic between the two sectors would be served via Jet Airways' London Gateway in co-operation with partner airlines, Jet Airways said. Jet Airways has already announced... |
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Lakshmi Mittal loses pound 7 mn per hour (10 October 05:18) |
| Deepening global credit crisis is taking a toll not just on financial institutions but is eroding individual wealth as well, with Britain's richest man Lakshmi Mittal losing nearly pound sev... |
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Pak seeks $10 bn bailout from US, UK to avoid bankruptcy (10 October 05:18) |
| The mission to secure a six billion pound ($10.18 billion) bailout package is led by Shaukat Tareen, Pakistan Prime Minister's Finance Adviser and Shamshad Akhtar, the Governor of Pakistan's... |
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Bentley to compensate global slowdown with India, China (10 October 05:18) |
| Bentley said on Friday it would focus on emerging market such as India to boost sales to compensate for the slowdown in developed economies. In Asia, the company sold maximum number of cars ... |
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Is your money in banks safe? (10 October 05:18) |
| There are rumours that ICICI Bank is in trouble, with reports that people are rushing to withdraw their savings. The bank, and finance minister P Chidambaram, both attest ICICI is safe and a... |
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Sino-India trade to touch $100 bn in 5 years (10 October 05:18) |
| India's trade with China will touch the 100-billion dollar mark in the next five years, coming close to bilateral trade target with the European Union by 2013. |
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Mamata ensured Nano shifted to Gujarat: Yechury (10 October 05:18) |
| The Communist party of India (Marxist) on Friday accused Trinamool Congress chief Mamata Banerjee of not only ensuring the exit of the Nano car project from Bengal but facilitating its reloc... |
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Russia clears $86-bn rescue package for banks (10 October 05:18) |
| 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, the report said. The packa... |
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IIP data not very reliable: Chidambaram (10 October 05:18) |
| In the face of industrial growth plummeting to 1.3 per cent in August, Finance Minister P Chidambaram on Friday said the data are not very reliable and satisfactory. |
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Retail prices of most essential commodities soar (10 October 05:18) |
| The government has been maintaining all through that the prices of food articles, especially foodgrains, have been rising at a lower pace and, thus, contributing less to the overall inflatio... |
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Gold @ Rs 14,200; may rise to Rs 15,000-mark by Diwali! (10 October 05:18) |
| Gold prices on Friday reached an all-time high of Rs 14,200 per 10 gram in the Delhi bullion and analysts said the trend is likely to continue in the coming days. |
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Depositors' money in banks totally safe: FM (10 October 03:36) |
| He also assured the cash-strapped markets that the government will inject more funds into the system within 10-12 days through the supplementary demands for grants which will come up for app... |
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US drops legal action against Ranbaxy (10 October 03:36) |
| Ranbaxy's shares jumped almost 10 per cent, having long been depressed by escalating investigations from the US Food and Drug Administration, triggering a ban, which is still in place, that ... |
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8 things you don't know about Buffett (10 October 03:36) |
| New book goes deep into Buffett's heart and soul and finds value in both places |
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India: Soaring growth rates are expected to slow (10 October 03:36) |
| Higher interest rates aimed at containing inflation have put the brake on India's strong growth rate. Earlier this year, inflation was 5 per cent but, propelled by oil and food prices and go... |
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No of malnourished people to rise to 1 bn: World Bank (10 October 03:36) |
| Poor families around the world are being pushed to the brink of survival, causing irreparable damage to the health of millions of children, said the report entitled 'Rising Food and Fuel Pri... |
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No problems in ICICI Bank, says FinMin (10 October 03:36) |
| FinMin added the Capital Adequacy Ratio of each bank is above 10 per cent, well above the regulatory requirement of nine per cent. |
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The greatest risks they ever took (10 October 03:36) |
| With the world shuddering from big bets gone bad, we asked a slew of entrepreneurs, athletes and show-business types: What's worth the risk? |
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Financial crisis: US, UK may converge on similar blueprint (10 October 03:36) |
| A report, quoting officials, said that British and American plans, though far from identical, have two common elements: "Injection of government money into banks in return for ownership stak... |
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India cannot afford to delay bank reforms (10 October 03:36) |
| The Indian government can ill afford to set aside reforms. The banking system is not up to the task of providing financial support to the development of India. Some of the most productive ar... |
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Shadows in the Valley (10 October 03:36) |
| The 1,000 jobs cut by eBay Monday begged the question, who's next? Beleaguered Yahoo!, which spent six months fending off a takeover bid from Microsoft, is said to be mulling a few thousand ... |
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Industrial growth nosedives to 1.3 per cent in August (10 October 01:18) |
| The manufacturing sector put out a dismal performance, growing by a mere 1.1 per cent as against 10.7 per cent in the same period a year ago. For the five-month period (April-August 2008-09)... |
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Infrastructure growth plunges to 2.3% in August (10 October 01:18) |
| Crude oil showed negative growth by one per cent in August from a positive 6.5 per cent in the same month last year. Growth in petroleum refinery products dropped to 2.5 from 8.2 per cent, w... |
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Mahindra SUV's US debut in January (10 October 01:18) |
| The company already sells medium-to-high powered tractors in the US market. Although the exact date of launching the vehicles in the US was not revealed, company sources said that the launch... |
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Govt swings into action to tackle liquidity crunch (10 October 11:27) |
| Hit by a credit crunch and crash in the stock markets, Finance Minister P Chidambaram said on Friday that main problem is liquidity and government would do everything to tackle it. |
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Will shareholders speak up, please? (10 October 11:27) |
| Even big public sector investors such as LIC that have very large stakes in companies haven't been known to voice their concerns. If institutions came together to air their grievances in pub... |
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GoAir may introduce business class soon (10 October 11:27) |
| GoAir executives said at a later stage they plan to do away with one of the rows to make for more leg room in the business class segment. Light snacks would be replaced with full-fledged mea... |
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Pakistan opens up DTH, Indian firms cautious (10 October 11:27) |
| Encouraged by the success of direct-to-home services in India, Pakistan Television Corporation Ltd, that country's national broadcaster, has invited national and international firms to help ... |
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Bacardi to launch premium brands (10 October 11:27) |
| In a bid to tap the growing demand for premium international spirits in India, global spirits major Bacardi Martini plans to introduce more brands from its international portfolio. Bacardi M... |
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How the 'Good-M' brought the Nano project to Gujarat (10 October 11:27) |
| Though most people expected Tata Motors to select either Andhra Pradesh or Karnataka for its Nano project, it was clear that Gujarat Chief Minister Narendra Modi had done the impossible and ... |
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Trai under fire for 'not being effective enough' (10 October 11:27) |
| Trai has submitted 26 recommendations to the government and released 30 consultation papers so far this year, up from seven and 20, respectively, in 2007. Few of its recommendations are actu... |
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Sensex crashes; rupee at record low (10 October 11:27) |
| Sensex crashed more than 1,000 points in opening trade. Asian stocks plunged too on Friday. |
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Infy Q2 net up at Rs 1,432 cr (10 October 09:18) |
| Its revenues went up by 11.6 per cent to Rs 5,418 crore (RS 54.18 billion) from Rs 4,854 crore (Rs 48.54 billion), (QoQ). |
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Hollywood studios to use Indian patented tech (10 October 09:18) |
| Hollywood is all set to use Indian technology for the first time. An erstwhile incubatee at the Centre for Innovation, Incubation and Entrepreneurship, at Indian Institute of Management, Ahm... |
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Govt may ease ECB norms further (10 October 09:18) |
| After two rounds of relaxations in external commercial borrowing rules for infrastructure firms, the finance ministry may ease norms for Indian non-infrastructure companies, especially those... |
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Nuclear power to cost Rs 4 a unit (10 October 09:18) |
| Contrary to perception, the cost of nuclear power based on imported fuel and equipment will be "comparable" to that from the conventional power plants, says Shreyans Kumar Jain, chairman and... |
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Banks stop lending to oil companies (10 October 09:18) |
| Funds dry up owing to liquidity crunch, high debt. |
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PE funds trapped in falling markets (10 October 09:18) |
| Falling equity markets have trapped major private equity investors such as Warburg Pincus, Blackstone Group, Carlyle, Apax Partners, Chrys Capital and Citigroup. |
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Private carriers ask for Rs 4,700-crore bailout (10 October 09:18) |
| The country's leading private airlines have sought a Rs 4,700-crore (Rs 47 billion) bailout package from the government to counter slowing passenger traffic, rising costs and an industry-wid... |
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Investors' wealth halves in market plunge (08 October 07:36) |
| The continuing plunge on the stock market has halved the investor wealth from the level seen before the downslide began earlier this year, with promoters taking the biggest hit of more than ... |
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India not immune to crisis: IMF (08 October 07:36) |
| India's economic growth rate may slip further and decline to 6.9 per cent in 2009, as countries in emerging Asia are not totally immune to the financial crisis in the US and its subsequent f... |
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Gold zooms to Rs 13,850 per 10 gm (08 October 05:27) |
| Gold prices zoomed to an all-time high of Rs 13,850 per 10 gram in the national capital on Wednesday as plunging stock markets and deepening global financial crisis spurred demand for the me... |
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Ranbaxy upbeat; US withdraws motion (08 October 05:27) |
| Pharmaceutical major Ranbaxy Labortaories on Wednesday said it remained confident that its products were safe and effective as the US Department of Justice (DoJ) withdrew a legal motion agai... |
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