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Inflation close to 8% (17 May 12:36) |
| New Delhi, May 16: Inflation marched to a near-four-year high of 7.83 per cent for the week ended May 3, frustrating the government which has unleashed a volley of fiscal and monetary measur... |
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Oil retailers up the ante (17 May 12:36) |
| New Delhi, May 16: State-owned oil marketing companies want to stop giving new LPG connections as well as stop the import of diesel. |
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SAIL net profit shines (17 May 12:36) |
| New Delhi, May 16: Steel Authority of India Ltd (SAIL) has reported a net profit of Rs 7,536.78 crore for 2007-08, an increase of 21.52 per cent, on the back of rising prices and sales. |
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Investors bet on Anil firmin demand (17 May 12:36) |
| Mumbai, May 16: Blackstone and Kohlberg Kravis Roberts, and some other US and European investors, will pick up a 5 per cent stake in Reliance Infratel, the telecom tower arm of Reliance Comm... |
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Bharti-MTN talks get stuck (17 May 12:36) |
| New Delhi, May 16 (PTI): Talks between Bharti and MTN on a possible merger remained inconclusive today as the latter is believed to have asked for a $500-million break-up fee for agreeing to... |
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Rising prices enliven tea (17 May 12:36) |
| Calcutta, May 16: Tea prices have shot up to Rs 72 per kg in the first four months of this year, the highest in almost a decade. |
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McNally acquires Sayaji Iron (17 May 12:36) |
| Calcutta, May 16: McNally Bharat Engineering Co Ltd is set to pick up a 68.28 per cent stake in Sayaji Iron and Engineering Co Ltd for Rs 59 crore. |
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Texmaco net profit jumps (17 May 12:36) |
| Calcutta, May 16: KK Birla group company Texmaco Ltd today reported a 143 per cent growth rate in net profit at Rs 69.09 crore in 2007-08 against Rs 29.22 crore in the previous year. The com... |
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Rights from Tata Sons arm (17 May 12:36) |
| Mumbai, May 16: Tata Investment Corporation Ltd (TICL) will raise Rs 723 crore through a rights issue of zero-coupon convertible bonds. |
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Govt sets date for 3G rollout (17 May 12:36) |
| New Delhi, May 16: The Congress-led Union government plans to roll out third generation (3G) mobile services before the end of its tenure in May 2009. |
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Bharti bait to seal MTN deal (16 May 12:05) |
| Mumbai, May 15: If Bharti Airtel gains control of South Africa's MTN, the chairman of the combined entity will be MTN's non-executive chief Matamela Cyril Ramaphosa. |
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Sistema buzz in the air (16 May 12:05) |
| New Delhi, May 15: Russia's largest mobile operator Sistema, which has joined hands with Etilsalat's holding company DAS, is being seen as a potential partner in Etilsalat's bid for MTN. |
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Court sweetener for sugar (16 May 12:05) |
| Mumbai, May 15: The Supreme Court has asked the sugar mills in Uttar Pradesh to pay growers Rs 110 per quintal of cane. This is lower than the Rs 125 per quintal fixed by the state governme... |
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Bubble of hope for oil, gas producers (16 May 12:05) |
| New Delhi, May 15: The Congress-led government is mulling tax sops for the exploration and production of both crude oil and natural gas, ahead of the next round of bidding for oil and gas... |
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Reliance Infratel gets IPO go-ahead (16 May 12:05) |
| Mumbai, May 15: The Securities and Exchange Board of India (Sebi) is learnt to have cleared the proposed initial public offering (IPO) of Reliance Infratel Ltd, the tower arm of Reliance Com... |
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Steel duty rollback hangs in balance (16 May 12:05) |
| New Delhi, May 15: The government today said it had not received any proposal to cut the export duty on steel, a day after secondary steel producers agreed to cut prices on all flat products... |
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Europe interest in CSE (16 May 12:05) |
| Calcutta, May 15: Two international stock exchanges have shown interest in picking up stakes in the Calcutta Stock Exchange (CSE). |
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Citi arm trashes exit rumours (16 May 12:05) |
| Mumbai, May 15: Citigroup, which has infused $250 million into its Indian operations this year, is not planning to exit its consumer finance business in the country. |
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Post office savings await rate prop (15 May 12:32) |
| New Delhi, May 14: The Congress-led government is planning to raise interest rates on post office savings. |
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Loss-hit Sony lists growth drivers (15 May 12:32) |
| Tokyo, May 14 (Reuters): Sony Corp posted a surprise quarterly loss today after a weak stock market ate into the value of securities held by its financial arm, but it forecast a bigger-th... |
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Lafarge buys LandT Concrete (15 May 12:32) |
| Mumbai, May 14: French cement company Lafarge today bagged Larsen and Toubro's readymix concrete business (LandT Concrete) for Rs 1,480 crore. Through this acquisition, Lafarge will gain con... |
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Bharti bid to block rival MTN bids (15 May 12:32) |
| New Delhi/Mumbai, May 14: Negotiations between telecom firms Bharti Airtel and South Africa's MTN group to create a combined entity are proceeding at a brisk pace. |
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Cement does a steel on prices (15 May 12:32) |
| New Delhi May 14: The government has persuaded cement and secondary steel firms to cut prices, as part of its efforts to rein in prices. |
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London court snubs Satyam (15 May 12:32) |
| Mumbai, May 14: Satyam Computer Services has lost a case at the Court of Appeal, London. The court has upheld a London High Court order barring the Hyderabad-based company's move to block th... |
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ArcelorMittal appoints new CEO for India (15 May 12:32) |
| Calcutta, May 14: ArcelorMittal today appointed Vijay Kumar Bhatnagar as the chief executive officer for its Indian operations. |
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LNM help for brother Pramod (15 May 12:32) |
| Calcutta, May 14: It's now official. Lakshmi Niwas Mittal has stepped in to save his brother Pramod Mittal's troubled asset in Bulgaria by making a formal bid. |
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PNB chases local firms going global (15 May 12:32) |
| New Delhi, May 14: Public sector lender Punjab National Bank (PNB) is planning overseas expansion to meet the needs of Indian firms who are trying to turn multinational. |
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France offers to add speed to train plan (15 May 12:32) |
| New Delhi, May 14: France today said it was keen to participate in New Delhi's ambitious venture to launch a slew of high-speed trains connecting major metropolises. |
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Baring fund raises $1.5bn (15 May 12:32) |
| Mumbai, May 14: Baring Private Equity Asia has raised $1.5 billion through its Baring Asia Private Equity Fund IV, of which $750 million will be invested in India. |
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Samsung thinks big (15 May 12:32) |
| Calcutta, May 14: Samsung Telecom aims to overtake Sony Ericsson and become the second largest handset player in the country within the next quarter. |
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US slide hurts tech education (15 May 12:32) |
| Calcutta, May 14: The slowdown in the US and the sub-prime crisis will affect the Rs 2,500-crore IT education and training market in the country. |
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Glaxo inks pact with Daiichi (15 May 12:32) |
| Mumbai, May 14: GlaxoSmithKline (GSK) Pharma has entered into a co-promotion agreement with Daiichi Sankyo India Pharma Ltd to bring the latter's anti-hypertensive drug Olmesartan Medoxomil ... |
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MphasiS set to expand (15 May 12:32) |
| Mumbai, May 14: MphasiS today announced a capacity expansion plan for its Chennai facility. |
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Hewlett-Packard buys EDS (14 May 12:43) |
| New York, May 13 (Reuters): Hewlett-Packard Co (HP) has struck a deal to buy Electronic Data Systems Corp (EDS) for $12.6 billion, seeking to boost its technology services business to better... |
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$12.6bn deal to benefit MphasiS (14 May 12:43) |
| Mumbai, May 13: The acquisition of Electronics Data Systems Corp (EDS) by Hewlett-Packard (HP) for $12.6 billion is likely to benefit MphasiS, in which EDS has a 60.9 per cent stake, as HP m... |
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SpiceJet gears up to raise Rs 400cr (14 May 12:43) |
| Mumbai, May 13: Delhi-based low-cost carrier SpiceJet will raise about Rs 400 crore by the year-end to fund its fleet expansion plan. |
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Oil tussle lands on Singh's lap (14 May 12:43) |
| New Delhi, May 13: Prime Minister Manmohan Singh could soon convene a meeting to resolve the differences between the finance and petroleum ministries about the subsidy to state-owned oil mar... |
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Honda hybrid to debut next month (14 May 12:43) |
| New Delhi, May 13: Honda Siel Cars India (HSCI) will launch the hybrid version of its sedan Civic by the middle of next month. |
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Usha Martin to seek export duty relief (14 May 12:43) |
| Calcutta, May 13: Wire rope manufacturer Usha Martin Ltd plans to seek duty relief on exports to subsidiary companies. |
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Close watch on prices (14 May 12:43) |
| New Delhi, May 13: The finance ministry will consider lowering the export duty on steel only after prices stabilise in the domestic market. |
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State Bank in pact with IAG (14 May 12:43) |
| Mumbai/Calcutta, May 13: The State Bank of India (SBI) today announced a general insurance joint venture with the Insurance Australia Group (IAG) and plans to commence operations in the curr... |
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Brunei for lower duty on crude (14 May 12:43) |
| New Delhi, May 13: Brunei has demanded that India should slash the customs duty on crude oil as part of the free trade agreement the country is negotiating with the Association of South East... |
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Varun Shipping's fleet to get bigger (14 May 12:43) |
| Mumbai, May 13: Varun Shipping has earmarked a capital expenditure of $400 million in the current financial year to expand its fleet. |
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GAIL firm on expansion (14 May 12:43) |
| New Delhi, May 13: State-owned GAIL (India) Ltd, which reported a six per cent increase in profit for the fourth quarter, plans to invest Rs 3,410 crore in financial year 2008-09. |
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Tata Tele earmarks Rs 606cr for east (14 May 12:43) |
| Calcutta, May 13: Tata Teleservices Limited will invest Rs 606.6 crore in the eastern region this fiscal. |
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IPO applicants get a boost (14 May 12:43) |
| Mumbai, May 13: The Securities and Exchange Board of India today approved an alternative mode of payment for public and rights issues, which will enable applicants to keep money in banks til... |
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Industry growth hits 6-year low (13 May 12:38) |
| New Delhi, May 12: Industry grew 3 per cent in March, its slowest in the last six years, on the back of a manufacturing slowdown. |
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Rate riddle rattles banks (13 May 12:38) |
| New Delhi. May 12: The government's intention to either keep current interest rates unchanged or lower them to spur growth, have put banks in a fix. |
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Rupee slide adds to misery (13 May 12:38) |
| Mumbai, May 12: Disappointing industrial production numbers today dragged the rupee below 42 a dollar to a 13-month low of 42.06. The rupee has lost nearly 47 paise over its last close of 41... |
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Trio ink deal to roll out Nano rival (13 May 12:38) |
| New Delhi, May 12: Bajaj Auto Ltd today announced that it had finalised its plan to launch a Rs 1-lakh car, rivalling Tata's Nano, by 2011. |
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