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Sen calls govt steps to check inflation `knee-jerk' reaction (01 July 05:43) |
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Terming the decision to reduce import duties and impose curbs on exports to check inflation as knee-jerk reaction, Planning Commission member Abhijit Sen said government ignored early signa... |
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Jet fuel prices hiked by 4.3 pc (01 July 05:02) |
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Barely a month after hiking jet fuel prices by 18.5 per cent, state-run oil companies have again increased the rates of aviation turbine fuel by 4.3 per cent, a move which could further mak... |
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Oil prices hit new peak, spook sensex (01 July 03:23) |
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Crude oil prices hit new high and Sensex plummeted more than 500 points, goes below psychological mark of 13,000 points. Markets are trading sharply lower on the back of selling pressure in... |
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Sensex dips below 13k, Nifty cracks 3,900 level (01 July 03:19) |
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Benchmark indices -- Sensex and Nifty -- on Tuesday (July 1) breached their psychological 13K and 4K levels by losing nearly 500 points and more than 140 points respectively to close at the... |
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Bourses witness free fall, Nifty cracks even 3,900 level (01 July 03:19) |
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Bourses experienced a free fall across-the-board and the Bombay Stock Exchange benchmark Sensex tumbled below the crucial 13K level in pre-close trading on panic selling.
The wide-based Nat... |
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'Nano' underway to mitigate fuel price challenges:Tata (01 July 02:53) |
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Tata Motors is working on new variants of its Rs one-lakh car Nano to overcome challenges posed by high fuel prices, which could negatively impact vehicle sales, company Chairman Ratan Tata... |
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Pat for PSU banks from Finance Minister (01 July 02:20) |
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Public sector banks, who more often than not receive flak from customers for awful services, got a huge compliment from Finance Minister P Chidambaram on Tuesday (July 1) for meeting the de... |
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Home loans get costlier (01 July 11:43) |
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Caving in to pressures of inflation and the signal from the RBI's recent repo rate hike a number of leading banks like SBI, ICICI Bank, and HDFC have hiked interest rates by 50-75 basis poi... |
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Another air fare hike imminent (01 July 08:34) |
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Air travellers, brace yourself for another round of air fare hikes. State-run oil companies have once again increased rates of aviation turbine fuel by 4.3 per cent.The hike is effective fr... |
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Major banks hike PLRs, more expected to follow this week (30 June 09:42) |
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With their margins under pressure after the Reserve Bank hiked its key rates to contain inflation, more public sector banks today hiked their interest rates across the board by 0.5 per cent... |
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Mittal in Rio Tinto takeover bid (30 June 12:09) |
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India-born steel tycoon Lakshmi Mittal plans to enter the takeover battle for mining company Rio Tinto, a leading financial daily has claimed. Mittal, the main shareholder in world's leadin... |
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Sensex down 56 points in early trade (30 June 10:40) |
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The Bombay Stock Exchange benchmark Sensex lost 56 points in early trade today on sustained selling by funds in heavy stocks led by banking, refinery and realty sectors. The 30-share index,... |
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Sensex sheds over 340 points to touch 15-month low (30 June 10:40) |
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The Bombay Stock Exchange benchmark Sensex today fell for the second straight session to a 15-month low of 13,461.60 points, as funds and general investors off-loaded holdings in refinery, ... |
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Report: Sri Lanka has highest inflation in Asia (29 June 06:04) |
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Sri Lank'a inflation of 25 per cent during April is the highest rate of price rise in Asia, the financial newspaper has reported quoting a study by a leading international bank. Sri Lanka h... |
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Experts see inflation peaking to about 13% in 2 months (29 June 05:20) |
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Inflation is likely to peak to around 13 per cent over the next two months before it gradually moderating to around 8.5 to nine per cent by end of this fiscal, economists have said. The cou... |
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Mahindra & Mahindra to pump in Rs 200 cr on used car biz (29 June 11:17) |
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Homegrown auto major Mahindra & Mahindra's used car business arm FirstChoice Wheels plans to invest Rs 200 crore in the next five years for its expansion while its looking to go public ... |
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Motorola eyes big Wi-MAX deals in India (29 June 11:05) |
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US-based telecom equipment maker Motorola is eyeing big Wi-MAX contracts in India and is planning to bid for state-run BSNL's urban Wi-MAX project. "We are very much focused on Wi-MAX. We h... |
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Indian firms slip in global ranking (29 June 11:03) |
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The upheaval in stock market has taken a toll on the global rankings of Indian companies, with 14 of them present in a new list of world's 500 most valued firms together seeing an erosion o... |
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'Steel prices dipped up to 14 per cent in May' (29 June 10:56) |
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Prices of flat and long steel products have plunged by up to 14 per cent in May following government's measures to control inflation in the steel sector, says a latest report of the Steel M... |
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Sensex seen heading to 12k level (29 June 10:50) |
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Having lost over one-third of its value in less than six months, stock market seems to have more pain in store for investors with experts seeing the benchmark Sensex heading back towards 12... |
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Gates announces $23 million grant to India (27 June 09:54) |
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On the day he leaves Microsoft to work for his pet social sector projects, software pioneer Bill Gates today (June 27) announced a $23 million grant to India to control the scourg... |
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India's first power exchange today goes live (27 June 05:38) |
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Country's first power exchange, Indian Energy Exchange, on Friday (June 27) started its operation. The exchange, Indian Energy Exchange (IEX), received bids for 13,176 Mwh of power when ope... |
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FM: Govt aims for financial inclusion in 5 years (27 June 04:09) |
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Finance Minister P Chidambaram today (June 27) said the government aimed to achieve financial inclusion in the next five years and exhorted banks to scale up their rural footprint. "We can ... |
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Inflation shoots up to 11.42% (27 June 12:09) |
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Continuing the onward march, the inflation shot up to over 13-year high at 11.42 per cent, up from 11.05 per cent recorded in the previous week.The rise has been mainly on account of higher... |
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Market on recovery path as inflation below expectations (27 June 11:30) |
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After hitting a 10-month low level, the Bombay Stock Exchange (BSE) benchmark Sensex recovered at noon on Friday (June 27) on return of investors as the inflation remained below market expe... |
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Markets slide by 500 points (27 June 11:30) |
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The Bombay Stock Exchange benchmark Sensex today (June 27) lost 536 points to dip below the 14k level in early trade on heavy selling by funds tracking weak global cues.The 30-share index, ... |
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Markets plunge, Sensex tanks 620 points (27 June 11:30) |
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The Bombay Stock Exchange (BSE) benchmark Sensex on Friday (June 27) nosedived to its nearly 14-month low by losing over 600 points on aggressive selling, sparked by rising inflation, weak ... |
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Oil at $140 per barrel (27 June 10:42) |
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US stocks tumbled with the Dow falling by over 350 points to a 21-month low, as oil hit a record high of 140 dollars per barrel.Major stocks fell by over two per cent with some investment b... |
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Bill Gates logs out of Microsoft (27 June 08:26) |
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The world's best known richest man Bill Gates, retires Friday (June 27) from Microsoft Corporation. Gates is to hand over day-to-day managment of Microsoft and will now spend time heading h... |
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Banks moot PLR hike (26 June 07:56) |
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India's largest lender State Bank of India on Thursday (June 26) announced a hike in its Benchmark Prime Lending Rate by 0.5 per cent to 12.75 per cent with effect from tomorrow (June 27), ... |
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FM: Double digit inflation for some more weeks (26 June 07:51) |
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A day ahead of the release of official data, Finance Minister P Chidambaram today (June 26) said double digit inflation would be there for some more weeks and the Government as well as RBI ... |
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India protected against global food crisis: Abhijit Sen (26 June 06:19) |
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Allaying fears of a high foodgrain inflation due to global problems, Planning Commission Member Abhijit Sen on Thursday (June 26) said that India is insulated against any such crisis, at le... |
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Foreign investors remain bullish on India (26 June 05:30) |
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Foreign investors shrugged off concerns of high inflation rate impacting economic growth in India and poured in 3.74 billion dollars FDI in April showing a whopping 127 per cent jump over a... |
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'AI flight had lost contact with Mumbai ATC' (26 June 05:17) |
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A Jaipur-Mumbai Air India flight with about 100 passengers on board had lost radio contact with the port city's air traffic control (ATC) for a short while on June 4. ... |
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Federal funds rate remain unchanged (26 June 12:36) |
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The US Fed Reserve has kept the benchmark federal funds rate unchanged at 2 percent.Holding interest rates steady, the FOMC (Federal Open Market Committee) focused more on the growing risk ... |
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Markets remain firm; Sensex gains 202 pts (26 June 10:58) |
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The Bombay Stock Exchange benchmark Sensex on Thursday (June 26) rose by nearly 202 points on emergence of buying by funds in heavy-weight stocks led by Reliance Industries and ONGC, amid p... |
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Sensex up 170 points in early trade (26 June 10:58) |
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The Bombay Stock Exchange benchmark Sensex today gained 170 points in early trade as funds bought heavy weight shares led by Reliance Industries.
The 30-share index, which had gained 113.49... |
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Essar withdraws bid for Esmark (26 June 10:40) |
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Indian conglomerate Essar withdraws its 1.2 billion dollar bid for acquisition of US steel company Esmark.
Ruias controlled conglomerate Essar today withdrew its 1.2 billion dollar bid for... |
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Jagdish Capoor is new BSE Chairman (25 June 08:59) |
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Jagdish Capoor has been elected as the new Chairman of the Bombay Stock Exchange (BSE). Capoor replaces Shekhar Datta, who recently resigned as BSE Chairman. Another Director, industr... |
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Banks likely to raise lending, deposit rates (25 June 05:05) |
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With the Reserve Bank hiking its repo rate and cash reserve ratio, banks are expected to hike their lending and deposit rates this week, adding woes to the common man already hit hard by th... |
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Banks likely to raise lending, deposit rates this week (25 June 05:05) |
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With the Reserve Bank hiking its repo rate and cash reserve ratio, banks are expected to hike their lending and deposit rates this week, adding woes to the common man already hit hard by th... |
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Maha Govt to build trans-harbour link; Ambani brothers out (25 June 04:58) |
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The Maharashtra government has decided to construct the Rs 6,000-crore Mumbai Trans Harbour Link (MTHL) project on its own, as an earlier process to bid it out to private companies was frus... |
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ICICI indecisive on revising interest rates (25 June 03:43) |
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The country's largest private sector lender ICICI Bank today (June 25) said it would not take steps on revising interest rates in panic even though there is upward pressure on them followin... |
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Govt launches e-passport scheme (25 June 03:42) |
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Government today (June 25) launched the ambitious 'E-passports' scheme with President Pratibha Patil receiving the first copy from External Affairs Minister Pranab Mukherjee. While the Epas... |
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RBI hints at more 'swift' action to contain inflation (25 June 02:25) |
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Reserve Bank of India (RBI) hinted at more "swift" action to contain inflation. An indication to this effect was given by the RBI yesterday (June 24) while announcing the 50 basis points in... |
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Idea to acquire 40.8% in Spice Com (25 June 11:51) |
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Aditya Birla Group's Idea Cellular on Wednesday (June 25) announced acquisition of rival mobile operator Spice Communications in a deal entailing purchase of a 40.8% stake for over Rs 2,700... |
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Govt hopes RBI steps to check inflation (25 June 11:15) |
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Government today (June 25) expressed confidence that Reserve Bank's decision to raise the shortterm lending interest rate for banks and statuary deposits with the Central bank by 50 basis p... |
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Sensex rebounds, up 113 pts (25 June 10:23) |
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After falling to a nearly 14-month low, the Bombay Stock Exchange benchmark Sensex rebounded on Wednesday (June 25) by gaining 113 points as funds and investors returned to buy fundamentall... |
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Sensex plunges below 14k level in early trade (25 June 10:23) |
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The Bombay Stock Exchange benchmark Sensex today lost 375 points to dip below the 14,000 level in early trade on heavy selling by funds in banking and realty stocks after the Central Bank r... |
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Yahoo stock bounces with rumours of new Microsoft talks (25 June 09:13) |
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Yahoo's stock price bounced as investors flirted with rumours that Microsoft is once-again courting the floundering Internet pioneer. Neither company would comment on what, if any, talks ar... |
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