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India wants US certification for its aviation products (12 May 05:43) |
| While India is keen to enter aircraft production with Airbus, talks are now on between US and Indian authorities to get American certification for aviation products made here. |
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Uncertain time for markets, say experts (12 May 05:43) |
| Markets were unable to curb losses last week.The key issues that acted as dampeners were soaring crude prices, a weakening rupee, higher inflation and weak global markets.
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Dipping rupee: Exporters get a shot in the arm (12 May 03:44) |
| Reversal of rupee’s fortunes in the last 10 days has brought smiles back on the faces of Indian exporters whose competitive strength is growing in global markets against rivals from China,... |
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CII gets tax notice for providing service (12 May 03:44) |
| The government has slapped a notice to apex industry association Confederation of Indian Industries asking it to make a payment of Rs 33 crore as service tax, but the chamber has questioned ... |
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Restaurants plan to hike prices (12 May 03:44) |
| Unable to hold on to the price line amid escalating costs, many medium-to-large Indian restaurants plan to take a price hike. |
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ONGC halts retail foray (12 May 03:44) |
| Oil and Natural Gas Corporation (ONGC) has put its plans to roll out fuel retail outlets on hold. ONGC was planning to start 1,600 retail stations under the Oval brand name.
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Pay dispute holds up CCI kick-off (12 May 03:44) |
| The much-delayed competition regulator Competition Commission of India (CCI) faces yet another hurdle with the finance ministry not in favour of giving higher pay scales to officers who will... |
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Tea may get dearer on global price pressure (12 May 03:44) |
| Industry sources said that Tata Tea has raised product prices by Rs 5-8 per kg while analysts said that it was only a matter of time for other branded tea makers to follow suit. |
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Green stakes: NTPC, Bhel seek larger chunk of carbon credit pie (12 May 03:44) |
| India’s state-owned power industry - often clubbed with the big contributors of greenhouse gas emmissions - is betting big on green stakes to clean up the air and grab a larger pie of the ... |
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Antibiotics rule pharma retail market (12 May 03:44) |
| The first quarter (January-March) of this year has witnessed a change in the domestic pharma retail market with antibiotics and anti-bacterial drugs dominating the show in top 10 brands. |
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India backs DoT on BlackBerry; asks RIM to cooperate (11 May 07:35) |
| MEA has said that It will be advisable for RIM (manufacturer of BlackBerry) to recognise that DoT is trying to be helpful in the case and to work together with them. |
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'Ratan Tata among biggest brains in business' (11 May 05:36) |
| After
being chosen as one of the most influential people in world by
Time
, Tata has been named among the biggest
brains in business by another US magazine. |
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President gives assent to Finance Bill 2008 (10 May 11:17) |
| President Pratibha Patil on Saturday approved the Finance Bill 2008, which contains provisions for direct and indirect taxes for fiscal year 2008-09. |
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Esmark of Essar in legal tangle with ArcelorMittal (10 May 01:55) |
| Esmark is caught in a legal tangle with global steel giant ArcelorMittal, which is seeking over Rs 2,000 crore in damages for defaulting on a billion-dollar deal. |
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Price cut must reach consumers (10 May 01:55) |
| Though government is asking the biggies in steel and cement sectors to cut prices, there are doubts over its effectiveness as the small players might not follow this diktat.
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Blackstone, Reliance buy into Everonn (10 May 01:55) |
| Blackstone, New Vernon and Reliance have picked up equity shares and warrants in the Chennai-based Everonn Systems Ltd.
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DoT to ring PMO for 3G spectrum auction views (10 May 01:55) |
| The department of telecom (DoT) is preparing to write to the PMO (prime minister's office) to seek its views on the eligibility criteria for 3G auctions.
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Fitch may cut Bharti rating on MTN bid (10 May 01:55) |
| Bharti Airtel Ltd, which is in talks to buy a stake in Africa's MTN Group Ltd, may have its debt ratings cut, depending on details of financing for the transaction, Fitch Ratings said. |
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Thanks to inflation, you are losing money on FDs (10 May 01:55) |
| Inflation is no longer just eating into your pocket by way of higher grocery bills. It's also eroding the money you've safely put away in a fixed deposit in your bank or post office. |
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Heidelberg, Indorama, Mysore Cements to merge (10 May 01:55) |
| HeidelbergCement India, a wholly-owned subsidiary of German major HeidelbergCement, announced complete acquisition of Indorama cement and further consolidation of its Indian operation. |
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Skoda plans small car for India (10 May 01:55) |
| Czech auto giant Skoda is stepping on the accelerator and plans five new launches in India, including its global small car that will debut next year.
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Ranbaxy set to ink deal with Merck (10 May 01:55) |
| Ranbaxy and pharma giant Merck are in talks to sign a collaborative agreement to undertake drug discovery and research.
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RBI relaxes lending norms for core projects (10 May 01:55) |
| To encourage banks to earmark more funds to infrastructure sector projects at competitive rates, the Reserve Bank of India on Friday relaxed the lending norms for such projects.
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Global equity markets bouncing back: S&P (10 May 12:36) |
| Equity markets across the world, which had been reeling under the global credit crisis, regained most of their lost ground with impressive returns in April, a latest S&P report says. |
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Haldia Petro projects Rs 150cr loss for 2008-09 (10 May 12:36) |
| Haldia Petrochemicals Ltd (HPL) is plunging into losses again after three years. |
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Look at other options for better returns (10 May 12:36) |
| If the current level of inflation at 7.61% gives you negative real return, what's to be done?
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Dollar declines against rupee (10 May 12:36) |
| The US dollar declined against the rupee to Rs 41.58/59 per dollar and the pound sterling to Rs 81.03/05 per pound at the close of the Interbank Foreign Exchange (FOREX) market here on Frida... |
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Equities end lower for fifth straight day; Sensex down 400 pts (09 May 05:55) |
| Equities were under pressure Friday bogged down by rising oil prices and inflationary concerns. Global cues were not supportive either. |
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Inflation rises to new 42-month high (09 May 03:55) |
| Inflation rose to 7.61 per cent for the week ended April 26 as against 7.57 per cent in the previous week on account of rising food prices and some manufactured products.
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Inflation climbs to 42 month high at 7.61 per cent (09 May 03:55) |
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Sensex slips below 17k in early trade (09 May 11:53) |
| Stocks opened lower on Friday in line with the trend in other Asian markets. |
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Ashok Leyland Q4 net rises 5% (09 May 02:15) |
| Hinduja group flagship company Ashok Leyland on Thursday announced a net profit of Rs 180.57 crore for the quarter ended March 31, a 5.28% growth over the corresponding period a year ago.
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Bull run: PE fair sees $1.3b investment (09 May 02:15) |
| India's bull run in the private equity (PE) sphere gets hotter, as a whopping $1.3 billion in PE funding was cemented at the recently held India Private Equity Fair 2008, in Mumbai. |
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Technical institutes rile students on fee refund (09 May 02:15) |
| Securing admission into a technical institute of choice is a dream many nourish. But when achieved after one has already joined another lesser institute, it may well turn into a nightmare.
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'India can create 30 Fortune 100 companies' (09 May 02:15) |
| When CK Prahalad first talked about the arrival of Indian multinationals, everyone pooh-poohed the idea. |
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GMR wants increase in Delhi airport fees (09 May 02:15) |
| No respite seems to be in sight for the aviation industry that's reeling under soaring fuel prices. |
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DoT to offer spectrum in 3 circles (09 May 02:15) |
| Following allocation of spectrum for new entrants in Tamil Nadu and Orissa, the DoT is now preparing to allocate spectrum in three new circles, namely, Karnataka, Andhra Pradesh and Kerala.
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Interest rates to be stable for now: Kamath (09 May 02:15) |
| ICICI Bank CEO K V Kamath on Thursday said there are no indications from the market to signal change in interest rates at the moment. |
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Global cues, inflation, crude pull down mkts (09 May 02:15) |
| The sensex slid 259 points to close at 17,081 on Thursday-its fourth straight losing session. |
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Auto sales bounce back, up 9.8% (09 May 02:15) |
| After a year of slowdown, April came as a promising month for the Indian automobile industry.
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'Futures trading ban won't curb inflation' (09 May 02:15) |
| Commodity market regulator Forward Market Commission on Thursday raised doubt over government's decision on Wednesday to ban futures trading in four agricultural commodities to control infla... |
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Sensex closes 258 points down (09 May 12:01) |
| High crude oil prices, weakening rupee and its likely impact on inflation sent stocks on a downward spiral for the fourth consecutive day.
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Rupee falls to one-yr low at 41.76 (08 May 10:12) |
| The Rupee plunged to more than one-year low of 41.76/77 against a US dollar due to the heavy demand for US currency in view of high oil prices.
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Sensex closes 272 points down (08 May 07:33) |
| The market ended with significant losses Thursday amid negative global cues, soaring crude oil prices, the rupee value depreciating further against the dollar and inflationary fears. |
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MTNL to offer TV channels on mobiles (08 May 07:33) |
| Telecom operator MTNL will launch mobile TV next month and will provide 21 channels on your cellphone. |
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'More steps on cards to ease inflation' (08 May 04:12) |
| A day after banning futures trade in four farm commodities and persuading steel producers to slash prices, the government said more measures were in the offing to curb inflation, which shoul... |
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Sensex down 190 pts at 17,149 (08 May 12:02) |
| Equities opened lower on Thursday with investors booking profits tracking decline in other Asian markets.
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Car financiers hike rates as borrowing costs move up (08 May 02:13) |
| Even as the new fiscal has kicked off on an encouraging note for automobile makers, car financiers stung by CRR hikes and higher borrowing costs have quietly effected the second hike in less... |
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Bharti, others plan cable network from UK to India (08 May 02:13) |
| Major leaders of the global telecom industry signed a formal construction and maintenance agreement to build the first direct, high-bandwidth optical-fiber submarine cable system from the UK... |
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Steel makers agree to cut prices (08 May 02:13) |
| In a meeting with PM Manmohan Singh, steel manufacturers decided to reduce prices of flat products by Rs 4,000 per tonne and of rebars and structural steel by Rs 2,000, for next three months... |
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