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State Bank wait-and-watch on rate hike (20 March 11:47) |
| Mumbai, March 20: The State Bank of India (SBI) isn't planning to raise interest rates now even though the central bank increased benchmark rates yesterday by 50 basis points in a bid to que... |
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Bharti board seal on Zain deal (20 March 11:47) |
| New Delhi, March 20: The board of Bharti Airtel today approved a plan to spend $9 billion to acquire the African assets of Kuwait-based Zain. |
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Satyam action (20 March 11:47) |
| Bangalore, March 20 (PTI): The Institute of Chartered Accountants of India (ICAI) today said it would meet at the end of this month to decide on the action to be taken against the auditors ... |
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Tight money policy takes root (20 March 01:37) |
| Mumbai, March 19: The Reserve Bank of India (RBI) has left the door open for another bout of monetary tightening as it flagged inflation as its biggest worry amid clear signs of a rapidly re... |
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High-speed iPhone set for debut (20 March 01:37) |
| New Delhi, March 19: Apple Inc has scrambled to sign deals with four leading cellular players to launch its iPhone 3G Speed (3GS) next week. |
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Twenty in race for 3G broadband (20 March 01:37) |
| New Delhi, March 19: The government has received applications of interest to bid for third-generation (3G) and wireless broadband spectrums from 20 operators. Today was the last day to put i... |
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August date for Coal India selloff (20 March 01:37) |
| New Delhi, March 19: The government plans to divest a 10 per cent stake in Coal India by August. |
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Revival road map for jute mill trio (20 March 01:37) |
| Calcutta, March 19: The Union cabinet today decided to revive three jute mills ' Kinnison and Kharda in Bengal, and Rai Bahadur Hadrut in Bihar. |
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Persistent maiden offer a big draw (20 March 01:37) |
| Mumbai, March 19: ICE (information, communication and entertainment) stocks are hot again. |
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ONGC plan cleared (20 March 01:37) |
| New Delhi, March 19: The government today cleared an investment of $2.18 billion by the ONGC-led consortium in a Venezuelan oil field, which will secure an annual supply of 3.6 million tonne... |
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Bokaro steel shines (19 March 01:40) |
| Calcutta, March 18: Vast stretches of free land and the lure of high-grade iron from the Chiria mines are bringing Korean steel major Posco to Bokaro. |
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SandP outlook seal on fiscal measures (19 March 01:40) |
| Mumbai, March 18: Standard and Poor's has raised its outlook on India to stable from negative, leading to a recovery in the stock and government bond markets. Analysts said the revision augu... |
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Telecom titans join 3G spectrum rush (19 March 01:40) |
| New Delhi, March 18: The auction of 3G spectrum today gathered momentum with top telecom players Bharti Airtel, Vodafone Essar and Reliance Communications (R-Com) putting in their applicati... |
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Sugar tastes sweet again (19 March 01:40) |
| New Delhi, March 18: Sugar prices have started falling in retail markets, and the government expects cane production this year to be higher than projected earlier. |
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United Bank scrip lists at a premium (19 March 01:40) |
| Calcutta, March 18: State-run United Bank of India today made an impressive debut on stock exchanges to close 4 per cent higher over its issue price. |
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Strides to buy Aspen stakes in 2 ventures (19 March 01:40) |
| Mumbai, March 18: Strides Arcolab will buy out South African company Aspen Pharmacare's stakes in their two oncology joint ventures for $117 million. |
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Nayak joins Morgan Stanley (19 March 01:40) |
| Mumbai, March 18: P. Jayendra Nayak, the former chairman and CEO of Axis Bank, will take over the reins of Morgan Stanley India. He will join the global financial services firm on April 5 as... |
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Quippo buys Tata Tele towers (18 March 12:37) |
| New Delhi, March 17: Tata Teleservices Maharashtra Ltd (TTML) today sold its tower subsidiary 21st Century Infratel to Quippo-WTTIL for Rs 1,318 crore. |
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Qualcomm bids for broadband (18 March 12:37) |
| New Delhi, March 17: US-based technology developer Qualcomm today filed an application with the department of telecom to bid for broadband wireless spectrum, becoming the first overseas firm... |
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War chest to buy energy assets abroad (18 March 12:37) |
| New Delhi, March 17: India is planning to set up a sovereign fund of about $20 billion to help state-owned ONGC to compete with its Chinese rivals in acquiring oil and gas assets abroad. |
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$425m private equity for power developer (18 March 12:37) |
| Mumbai, March 17: A clutch of investors, including General Atlantic LLC, has invested $425 million in Asian Genco Pte Ltd (AGPL), an infrastructure company with interests in India's power ge... |
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Bank cash course by April (18 March 12:37) |
| New Delhi, March 17: Details of the government's Rs 16,500-crore capital infusion programme in PSU banks will be available by next month. |
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US drug regulator warns Glenmark (18 March 12:37) |
| Mumbai, March 17: The US Food and Drug Administration has warned Glenmark Pharmaceuticals against marketing unauthorised nitroglycerine tablets, used to relieve chest pain. |
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First Xerox research lab in India (18 March 12:37) |
| Calcutta, March 17: Xerox Corporation today opened a research laboratory in Chennai, which will work with local universities to develop document-management services for the emerging markets.... |
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Reliance loses out to BP in Canada (17 March 12:53) |
| Mumbai, March 16: Reliance Industries Ltd (RIL) has been turned down twice this month by global companies that it was keen to acquire. |
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SBI sets date for rights issue (17 March 12:53) |
| Mumbai, March 16: The State Bank of India (SBI) will raise around Rs 20,000 crore through a rights issue by the end of this calendar year to fund its business requirements. |
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Minister rules out fresh mergers (17 March 12:53) |
| New Delhi, March 16 (PTI): The government today said there was no proposal for the merger of any nationalised bank with the State Bank of India apart from the possibility of a merger involvi... |
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ArcelorMittal plans to set up facility in Iraq (17 March 12:53) |
| Calcutta, March 16: ArcelorMittal ' the world's largest steel maker ' has decided to invest in Iraq. |
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Pranab lists twin concerns (17 March 12:53) |
| New Delhi, March 16: India will soon return to 9-to-10-per-cent growth, but double digit inflation and excessive borrowing are the country's biggest bugbears, finance minister Pranab Mukherj... |
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Steps to ensure easy credit to poor (17 March 12:53) |
| New Delhi, March 16: Microfinance institutions, which lend to the poor, plan to reduce loan rates and improve the rules of business. |
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PFC pines for power equity (17 March 12:53) |
| New Delhi, March 16: State-owned Power Finance Corporation Limited (PFC) is keen on picking up as much as 26 per cent equity in power projects. |
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Genpact in 5-year deal with BAPL (17 March 12:53) |
| Calcutta, March 16: NYSE-listed Genpact Ltd will handle the IT operations of Bengal Aerotropolis Projects Ltd (BAPL). |
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Inflation nears 10-mark (16 March 12:43) |
| March 15: Inflation jumped to a 16-month high of 9.89 per cent in February, sparking talk of a rate increase by the Reserve Bank of India, which had vowed last month not to adopt any policy ... |
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Mutual new offer period shrinks (16 March 12:43) |
| Mumbai, March 15: The Securities and Exchange Board of India today reduced the offer period of new mutual funds to 15 days. |
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PwC sets terms for Bengal bash (16 March 12:43) |
| Calcutta, March 15: PricewaterhouseCoopers (PwC) is looking to pump money into a new facility at Salt Lake's Sector V. |
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NMDC upsets target (16 March 12:43) |
| Mumbai, March 15: NMDC Ltd ' the country's largest iron-ore company ' today announced an issue price of Rs 300 a share for its follow-on public offering that closed last week. |
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HCC to acquire stake in Swiss firm (16 March 12:43) |
| Mumbai, March 15: Hindustan Construction Company (HCC) will acquire a controlling stake in Swiss real estate firm Karl Steiner AG for over Rs 150 crore. |
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R-Com user base crosses 100 million (16 March 12:43) |
| Mumbai, March 15: Mobile phone operator Reliance Communications (R-Com) has crossed the 100-million-subscriber milestone, the second to do so after Bharti Airtel. |
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Venezuela oil win perks up ONGC (15 March 01:43) |
| New Delhi, March 14: ONGC is gearing up to invest in a new overseas asset after a gap of more than a year. |
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Microsoft browser grip stays (15 March 01:43) |
| New Delhi, March 14: US software giant Microsoft is unlikely to offer a choice of browsers to Windows users in India who have Internet Explorer as their default browser. |
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Union ultimatum to Corus (15 March 01:43) |
| New Delhi, March 14 (PTI): British trade body Community Union has threatened industrial action at Tata Steel's European arm Corus if the latter fails to show concrete plans to protect the ... |
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Calcutta ahead of others in job prospects (15 March 01:43) |
| Calcutta, March 14: Calcutta is projected to offer better job opportunities than most other cities. |
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Darjeeling tea charms French hoteliers (15 March 01:43) |
| New Delhi, March 14: French hospitality association Relais and Châteaux (RandC) is eyeing a tea estate in Darjeeling ' Glenburn ' to add to its membership list. |
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Auto makers step on the gas (14 March 01:38) |
| New Delhi, March 13: British car maker Bentley Motors today unveiled the Mulsanne, priced at Rs 2.9 crore. |
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Mahindras to roll out global SUV (14 March 01:38) |
| Mumbai, March 13: Mahindra and Mahindra (MandM) will roll out a global sports utility vehicle in 2011 from its Chakan plant near Pune. MandM is investing Rs 5,000 crore in the plant having a... |
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Godrej set to enter Nigeria (14 March 01:38) |
| New Delhi, March 13 (PTI): FMCG firm Godrej Consumer Products today said it would buy Nigeria's personal care brand Tura from the Tura Group for an undisclosed sum. |
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Factories flourish in January (13 March 01:39) |
| New Delhi, March 12: Industry output grew 16.7 per cent in January on robust manufacturing activity, reinforcing the optimism expressed by the Prime Minister of higher economic growth that p... |
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FM rules out fuel duty rollback (13 March 01:39) |
| New Delhi, March 12: Finance minister Pranab Mukherjee today ruled out rollbacks in the duty hikes on petrol and diesel, announced in the budget, as the country's fiscal deficit was still ve... |
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NMDC pulls it off (13 March 01:39) |
| Mumbai, March 12: The public issue of National Mineral Development Corporation (NMDC) managed to squeak through today with active support from the Life Insurance Corporation (LIC). |
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Travel agents breathe easy (13 March 01:39) |
| New Delhi, March 12: Travel agents claimed a major victory today after the directorate general of civil aviation ordered foreign airlines to pay commission on tickets sold through various bu... |
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