| Market retreat on monsoon worries, Sensex down 3% |
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MUMBAI: Below the normal rainfall so far this year has halted a strong bull run on the bourses pulling down the key indices Sensex and Nifty by more than three per cent amid a sudden pullout by foreign institutional investors.
The Bombay Stock E More... |
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| SBI cuts home loan rates |
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NEW DELHI: The State Bank of India reduced its home loan rates further by announcing a three-month-long "SBI My Home Campaign", starting from Saturday. In SBI's home loan scheme, interest rate for the first year is 8%, and for the next two years is More... |
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| NHPC IPO fully subscribed in an hour time |
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Mumbai: The much-awaited initial public offer of state-run NHPC allured investors and was fully subscribed within an hour of the opening of theissue on Friday.
The NHPC IPO, which is the first stake sale by a PSU company in the last one and a ha More... |
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| Five more power plants seek gas from RIL's KG fields |
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New Delhi: Five more power plants have joined the scramble for natural gas from Reliance Industries' KG-D6 fields, seeking a minimum allocation of 4.73 million cubic metres a day. Two power plants each in Delhi and Andhra Pradesh and one in Gujarat More... |
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| Rupee up 19 paise against dollar in early trade |
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Mumbai: The rupee touched a two-month high of 47.44 against the US dollar in early trade on increased capital inflows amid expectations that the local bourses would open on a strong note.
At the Interbank Foreign Exchange (Forex) market, the domes More... |
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| Sensex touches 16000, slips into negative zone |
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Mumbai: The benchmark Sensex lost over 109 points in early volatile trade, after breaching the 16,000-point mark for the first time since June 2 last year at the outset.
The BSE-30 share index, which had crossed 16,000-point mark to touch a high o More... |
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| Bank employees to strike on August 6-7 |
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NEW DELHI: Employees of state-run banks have decided to go ahead with their proposed strike on Thursday and Friday following failure of talks with the government over hike in wages and other demands.
"Our talks were inconclusive. We are meeting More... |
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| Airlines call off August 18 strike |
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MUMBAI: The Union government's tough talk appears to have hit home with private airlines that had called for suspending domestic flights for a day.
About 48 hours after threatening a strike, the Federation of Indian Airlines (FIA) ate crow on Sun More... |
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| Maruti sales jump 33.36% in July |
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New Delhi: The country's largest car maker, Maruti Suzuki India Ltd, today reported a 33.36% jump in sales at 78,074 units in July.
It had sold 58,543 vehicles in the same month last year. Sales in the domestic market grew by 27.63% to 67,528 uni More... |
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| Sensex soars to 13-month high |
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Mumbai: The BSE sensex surged to its 13-month high on Friday on revival hopes backed by a series of healthy corporate results from across the globe.
With 23 of the 30 sensex shares are rallying and both domestic and foreign fund managers turning More... |
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| Duty-free import of raw sugar allowed till Mar 2010: Pawar |
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New Delhi: The government on Friday allowed duty-free import of raw sugar without export obligation for further eight months to augment availability of the sweetener in the domestic market.
The centre also gave permission to private trade to imp More... |
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| Govt may give incentives to services sector in FTP |
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NewDelhi: The government is considering extending incentives to the services sector, battling demand recession in Western economies, in the Foreign Trade Policy to be unveiled next month.
The government, which is in talks with all the stakeholde More... |
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| Inflation falls to minus 1.54% |
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New Delhi: Inflation fell to (-) 1.54 percent for the week ended July 18 even as essential food items like cereals, pulses, fruit and vegetables turned expensive.
Inflation stood at (-) 1.17 percent in the previous week. However, the wholesale p More... |
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| Inflation falls to minus 1.54% |
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New Delhi: Inflation fell to (-) 1.54 percent for the week ended July 18 even as essential food items like cereals, pulses, fruit and vegetables turned expensive.
Inflation stood at (-) 1.17 percent in the previous week. However, the wholesale p More... |
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| Sensex down 108pts in volatile trade; surrenders early gains |
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Mumbai: The Bombay Stock Exchange benchmark index Sensex slipped by nearly 108 points in late morning trade, reversing an early upward trend, as speculators indulged in squaring-up their pending positions in view of today's expiry of July series in More... |
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| Sensex down 108pts in volatile trade; surrenders early gains |
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Mumbai: The Bombay Stock Exchange benchmark index Sensex slipped by nearly 108 points in late morning trade, reversing an early upward trend, as speculators indulged in squaring-up their pending positions in view of today's expiry of July series in More... |
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| Infosys first private company to get CISF security |
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New Delhi: Infosys Bangalore office will be the first private sector unit to get CISF security cover. The campus security cover will start from tomorrow with deployment of 101 specially-trained CISF personnel.
Earlier on July 23, 2009, Centre ha More... |
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| Sensex dips below 15K level as funds dump stocks |
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MUMBAI: The Bombay Stock Exchange benchmark index Sensex dipped below 15,000 points level in afternoon trade losing over 440 points after funds indulged in covering their pending positions ahead of the expiry of July month contract in the derivative More... |
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| Sensex dips below 15K level as funds dump stocks |
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MUMBAI: The Bombay Stock Exchange benchmark index Sensex dipped below 15,000 points level in afternoon trade losing over 440 points after funds indulged in covering their pending positions ahead of the expiry of July month contract in the derivative More... |
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| NHPC IPO: First issue of state-run firm in 17 months |
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NEW DELHI: State-run power company NHPC said it plans to raise up to Rs 6,048 crore through sale of shares in a price-band of Rs 30-36 in an IPO the first by a PSU after the UPA assumed office for a second term.
This is also the first stake sale More... |
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| Reliance Power to raise over Rs 20,000 cr to fund power projects |
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MUMBAI: Reliance Power, an Anil Ambani group company, plans to raise over Rs 20,000 crore in the current fiscal to finance various projects including the 4,000 MW Krishnapatnam Ultra Mega Power Project (UMPP), a top official said.
"We are on cou More... |
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| Rupee up 11 paise to 48.11 a dollar |
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MUMBAI: The Indian rupee appreciated by 11 paise against the dollar in early trade on Monday on expectations of capital inflows as the stock markets may open strong in line with other Asian equity markets.
At the Interbank Foreign Exchange (fore More... |
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| Rupee up 11 paise to 48.11 a dollar |
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MUMBAI: The Indian rupee appreciated by 11 paise against the dollar in early trade on Monday on expectations of capital inflows as the stock markets may open strong in line with other Asian equity markets.
At the Interbank Foreign Exchange (fore More... |
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| Markets sluggish, Sensex slips into red |
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MUMBAI: Indian equities markets were sluggish a little after noon on Monday with a key index slipping into the red after giving up early morning gains. The 30-scrip benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which opened higher More... |
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| SBI cuts deposit rates, others may follow |
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NEW DELHI: The State Bank of India on Friday reduced its deposit rates across most of the maturities above six months by 0.25 to 0.5 percentage points, effective from Monday. This would also enable the bank to cut its lending rates. The deposit rate More... |
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| Market regains 15k psychological level after five weeks |
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MUMBAI: The stock market entered into the 15k psychological zone after a gap of five weeks as the benchmark Sensex extended gains and ended at a six-week high of 15,378.96, boosted by distinct signs of economic recovery and flow of good quarterly ea More... |
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| ICICI Bank accused of violating RBI guidelines |
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NEW DELHI: ICICI Bank was twice issued letter of warning or advisory note in last two years for violating Reserve Bank of India guidelines, Lok
Sabha was informed on Friday.
In 2007-08, ICICI Bank was accused for violating RBI guidelines/dire More... |
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| Sensex ends above 15K , up 151 points |
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MUMBAI: Indian markets ended on a higher note on Friday taking cues from the global markets and corporate earnings back home. Auto, realty and metal stocks showed strength while banks ended in the red.
National Stock Exchange’s Nifty ended at 4569 More... |
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| Rupee raises by 15 paise to 48.37 a dollar |
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MUMBAI: The Indian rupee appreciated by 15 paise at 48.37 in early trade on Thursday on increased dollar sales by exporters amid expectations of Capital inflows by funds as market may open higher in line with firming trends on the other Asian equity More... |
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| Bharti Airtel Q1 net up 22% at Rs 2,648 crore |
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NEW DELHI: Sunil Mittal-led Bharti Airtel on Thursday reported 22.21% rise in net profit at Rs 2,647.95 crore for the first quarter ended June 30,
2009.
The private sector telecom operator recorded net profit after minority interest of Rs 2,166 More... |
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| Tata Power to raise $335m from global investors |
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MUMBAI: Leading private power Major Tata Power on Wednesday announced plans to raise $335 million through the global depository receipt (GDR) route to fund capital expenditures of its existing power plants.
This is the second Tata group company in More... |
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| Rupee rises by 13 paisa to 48.29 a dollar in early trade |
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MUMBAI: The Indian rupee appreciated by 13 paisa at 48.29 in early trade on Wednesday on expectations of capital inflows by funds as market may open higher in tandem with firming trends on other Asian equity markets.
Dollar's weakness against majo More... |
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| Praful Patel to meet PM this week on probables for AI board |
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New Delhi: Civil Aviation Minister Praful Patel on Tuesday said he would meet the Prime Minister this week to discuss the probable names for the post of Independent Directors on the Air India board and that the report on reviving the national carrie More... |
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| India to get $4.5bn from IMF to battle slowdown |
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Washington: India would receive about USD 4.5 billion from the International Monetary Fund's Special Drawing Rights (SDR) to battle economic slowdown.
This is part of the about USD 250 billion allocation of SDR by the IMF to provide liquidity to t More... |
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| BSNL's profit erosion rings alarm bells |
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NEW DELHI: Government-owned telecom giant Bharat Sanchar Nigam Ltd (BSNL) appears in need of surgical intervention, with warning signals emerging that critical 97% erosion in net profit within two years could soon plunge it into the red.
Confirmin More... |
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| HDFC Bank cuts lending rate by 25 basis points |
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NEW DELHI: The country's second largest private sector lender HDFC Bank today slashed benchmark lending rate by 25 basis points to 15.75%.
Benchmark Prime Lending Rate has been reduced to 15.75% per annum with effect from July 20, HDFC Bank said More... |
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| 'RBI aims to ensure stable rates' |
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MUMBAI: Ahead of the quarterly review of its annual monetary policy, the Reserve Bank on Friday said that it would ensure a benign and stable interest rate regime to safeguard the common man's interest and ensure adequate liquidity in the system. "T More... |
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| By Cell can't start telecom service: Govt |
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NEW DELHI: The government, in an unprecedented move, has withdrawn its approval to Swiss-registered firm By Cell to launch telecom services in India on the ground of security concerns.
Promoted by Russian businessmen, By Cell holds 74% stake in an More... |
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| Rupee rises by 7 paise to 48.59 a dollar in opening trade |
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MUMBAI: The rupee appreciated marginally by 7 paise at 48.59 in opening trade on expectations of more capital inflows by foreign funds, tracking firming trends on the other Asian equity markets amid weak US currency overseas. However, dollar demand More... |
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| Sensex rises 211 points in opening trade |
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MUMBAI: The Bombay Stock Exchange benchmark Sensex rose over 211 points in opening trade on increased capital inflows by funds on the back of encouraging quarterly results by domestic blue-chip companies and firming trends overseas. The 30-share ind More... |
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| Centre files affidavit in Reliance gas case |
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NEW DELHI: The Centre on Friday filed an affidavit in Reliance gas case. The Centre said that the gas belongs to government and the dispute between the Ambani brothers is a little strange. Earlier on July 12, Union petroleum minister Murli Deora rei More... |
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| Sensex goes past 14K mark |
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| By Dheeraj Paul | 7/16/2009 1:12:54 AM |
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Mumbai, July 15: A key index of the Indian equities markets went past the 14,000-mark Wednesday, the first time this week, as buying interest picked up, especially in realty stocks. It was ruling 232 points above its last closing figure, about 90 mi More... |
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| Govt asks cos to clear backlog on LPG connections |
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New Delhi, July 15: The government has directed state-run fuel retailers Indian Oil, Bharat Petroleum and Hindustan Petroleum to clear the wait list for domestic LPG connection within the next two months.
Minister of State for Petroleum and Natural More... |
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| Tata Indicom offers “Full calling value Plan 450” |
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Jammu, July 15: Tata Teleservices Limited, India’s fastest growing pan India telecom service provider, announced the launch of the ‘Full Calling Value Plan 450’ for postpaid subscribers in Jammu & Kashmir. The new postpaid plan offer subscribers opp More... |
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| Ambani feud may scare away investors |
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MUMBAI, July 15: The wrangle over an energy deal between the Ambani brothers has highlighted the risks inherent in an economy dominated by big family businesses and spurred calls for the government to intervene. The latest dispute between the feudin More... |
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| Rupee 33 paise stronger against dollar |
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MUMBAI, July 15: The rupee strengthened further by 33 paise to 48.63/64 against the dollar on Wednesday on the back of an upbeat equity market, raising hopes of fresh capital inflows amid a weak US currency overseas.
The Interbank Foreign Exchange More... |
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| PSU oil firms cut jet fuel prices by 5.7% |
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New Delhi, July 15: After increasing it four times in a row, the state-run oil firms on Wednesday cut jet fuel prices by 5.7 per cent on easing international rates.
Aviation Turbine Fuel rates in Delhi were lowered by Rs 2,221 per kilolitre to Rs More... |
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| Sensex holds on to early gains |
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MUMBAI: A key index of the equities markets continued to trade in the green on Wednesday as investors bought into realty, metal and capital goods stocks. Around noon, it was ruling 121 points higher than its last closing figure. The 30-scrip benchma More... |
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| Job security concern rising: Survey |
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MUMBAI: The Indian economy may be on the road to recovery but employment outlook remains weak, with as many as 52 per cent of those surveyed last month pointing that there has been decrease in job security against 48 per cent in May, research firm B More... |
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| Rupee down, at 49.35 per dollar |
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MUMBAI: The rupee lost 35 paise at 49.35 against the US dollar in the morning trade on dollar buying by banks and sustained slide in the equity markets raising fears of more capital outflows.
The Indian benchmark Sensex tumbled by 235 points or 1. More... |
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| Sensex slips in early trade |
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MUMBAI: Indian equities markets started trade on a weak note on Monday, with a key index opening lower than its last closing figure, and ruling 205 points in the red about five minutes into trading.
The 30-scrip index of the Bombay Stock Exchange More... |
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| Cabinet committee on infrastructure constituted |
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NEW DELHI: In order to give a push to economic activity, the government on Saturday constituted the Cabinet committee on infrastructure (CCI) to fast-track the implementation of the infrastructure sector projects and monitors their performance.
More... |
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| ‘Toonz Academy signs MOU with Anna University, Coimbatore’ |
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Trivandrum, July 10: Toonz Academy, one of South Asia’s leading 3D and 2D animation training facilities has signed a Memorandum of Understanding (MOU) for an affiliation with the prestigious Anna University, Coimbatore for its various animation cou More... |
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| Mercedes-Benz India inaugurates Patel Auto Services |
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New Delhi, July 10: Mercedes-Benz India today inaugurated the state-of-the-art authorized service center, Patel Auto Services Pvt. Ltd in New Delhi. At par with Mercedes-Benz global standards and located in the automobile hub of Delhi, Patel Auto Se More... |
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| General Motors exits bankruptcy |
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NEW YORK, July 10: General Motors on Friday steered out of bankruptcy and the restructured firm came into existence with the promise of launching a fresh lineup of cars under its core brands Chevrolet, Cadillac, Buick and GMC.
The auto maker entere More... |
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| Rupee up 9 paise to 48.61 a dollar |
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MUMBAI, July 10: The Indian rupee appreciated by 9 paise at 48.61 in early trade on Friday on increased dollar sales by exporters amid expectations of capital inflows by funds as market may open higher in line with firm trends in other Asian equity More... |
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| Sensex falls again on monsoon concerns |
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MUMBAI, July 10: The fall in the BSE benchmark Sensex continued for the third day in a row with the index losing over 253 points, recording its biggest weekly fall of the year, as the market remained volatile on concerns over the weak monsoon. The S More... |
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| Industrial output grows 2.7% in May |
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NEW DELHI: Showing signs of economic recovery, industry grew 2.7 per cent in May though the growth is much lower than the 4.4 per cent recorded in the corresponding month last year.
Manufacturing sector output during May rose by 2.5 per cent, wh More... |
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| Ranbaxy recalls skin drug from US market |
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NEW DELHI: Ranbaxy said on Thursday that its US-based subsidiary is conducting a voluntary recall of a top-selling drug sotret isotretinoin used for skin treatment, being sold in US retail markets.
The recall is limited to one batch of capsules, More... |
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| Sensex down 49 points in early trade on Asian cues |
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MUMBAI: Taking cues from weak Asian markets, the Bombay Stock Exchange Benchmark Sensex fell by over 49 points in opening trade on Thursday, extending Wednesday's losses, on sustained selling by funds.
The BSE-30 share benchmark Sensex, which had More... |
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| Inflation declines to -1.55% |
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NEW DELHI: Inflation further declined to minus 1.55 per cent for the week ended June 27 even though prices of food items like pulses, fish marine, and fruit and vegetables turned expensive.
The wholesale price index stood at (-) 1.30 per cent in t More... |
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| Govt banks on non-tax revenue |
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Finance minister Pranab Mukherjee suggested in his Budget speech on Monday that the changes he had proposed to direct taxes mainly concessions for
Individuals and higher minimum alternate tax (MAT) on corporaters were revenue neutral. The changes More... |
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| Farm focus: Grow more to spend more |
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Now, here is some food for thought, and cheer. The thrust on rural development and boosting rural consumption will give the food processing industry a leg up in terms of scale and associated cost benefits. This would, in turn, lead to price benefits More... |
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| Divestment when time is right: Pranab |
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NEW DELHI: Finance minister Pranab Mukherjee cleared the air on PSU divestment in an exclusive interview to ET Now, saying that the "appropriate" time for equity sale had to be carefully chosen and this wasn’t the right time when market sentiments w More... |
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| ‘This Budget may not be a dream one’ |
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NEW DELHI: The Budget 2009 may not be a dream one, according to Moody’s Economy.com analyst Sherman Chan. He said that government was faced with
Considerable constraints with revenue under pressure and debt burden at risk of expanding.
Although More... |
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| Tata, L and T in long queue to redo Mantralaya |
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The ambitious makeover project for the Mantralaya precinct has finally generated interest among developers, yet another indicator of the renewed optimism in the real estate sector.
A few months ago, when tenders were first invited for the Rs 1,200- More... |
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| India allows limited wheat export, no subsidy |
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India has allowed the export of 900,000 tonnes of wheat by state-run firms and 650,000 tonnes of wheat products by private trade as monsoon rains revived after a dry spell.
The government rejected demands of an export subsidy, making shipments viab More... |
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| Economic Survey 2008-09: Over 60% Indians live on Rs 20/day |
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The debate over poverty levels in the country found resonance in the Economic Survey with the report stating that 60.5% of the population was capable of spending only Rs 20 a day as per the latest National Sample Survey.
A wide range of poverty nu More... |
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| Economic Survey 2008-09: Price freeing could be a bitter pill for 'aam aadmi' |
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The Economic Survey has suggested decontrolling drug prices, and limiting control on only essential drugs manufactured by less than five producers.
This is an extremely anti-poor measure, bound to hurt the aam aadmi as well as the middle class al More... |
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| India Inc welcomes fuel price hike |
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NEW DELHI: India Inc on Wednesday welcomed the government's decision to raise fuel prices, saying the move would help oil companies reduce their huge subsidy burden.
"With hike in prices of diesel and petrol, oil companies will be able to avoid re More... |
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| Maruti sales jump 23% in June |
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NEW DELHI: The country's largest car maker, Maruti Suzuki India Ltd, on Wednesday reported a 22.63 per cent jump in its sales at 75,109 units in June against 61,247 units in the same month last year.
Sales in the domestic market grew by 9.51 per c More... |
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| SBI offers two new home loan schemes |
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MUMBAI: SBI has launched two new home loan schemes, SBI Easy Home Loan and SBI Advantage Home Loan, with processing fee for both waived till
September 30. While, SBI's Easy Home is for loans up to Rs 30 lakh at an interest rate of 8% per annum fo More... |
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| Sensex up 65 points on buying by funds |
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MUMBAI: The Bombay Stock Exchange index Sensex on Wednesday opened higher by 65 points on fresh buying by funds, tracking firming Asian markets.
The 30-share index, rose by 65.38 points, or 0.44 per cent, to 14,559.22 in the first five minutes of More... |
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| Gold declines by Rs 20 |
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NEW DELHI: On a downward spiral, gold prices declined further by Rs 20 to close at Rs 14,810 per ten gram in the bullion market on sustained selling by stockiest influenced by weakening global trend.
Silver also dropped by Rs 150 to Rs 22,550 per More... |
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| Govt likely to set up Cabinet committee on KG gas dispute |
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The government may reconstitute its empowered group of ministers (EGoM) on gas allocation as it looks to play an active role to safeguard its
Interests should the long-running bitter battle between the Ambani brothers over gas supplies escalate. More... |
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| Tata Motors rolls out JLR at Rs 65L-1 crore |
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MUMBAI: Finally, the beast and the beauty kept their rendezvous with India. The niche, but growing, club of luxury car owners on Sunday got a booster shot with Tata Motors ushering in the British auto icons Jaguar and Land Rover (JLR) after almost a More... |
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| Tata Motors loses Rs 2505cr in '08-09 |
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MUMBAI: The global meltdown left the Jaguar limping and Land Rover lose control. Tata Motors, which acquired the two British assets one-and-half times bigger than its size for $2.5 billion last June, dragged the auto maker into the red. The Tata Mot More... |
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| World's richest to be worth $48.5 trillion |
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With hopes of economic recovery gaining momentum, the wealth of high net-worth individuals across the world are likely to touch a whopping $48.5 trillion by the year 2013, a survey says.
According to the latest report by Cap Gemini and Merrill Lync More... |
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| Budget to carry special 'monsoon' package |
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The government's forecast of below-normal monsoon this year is likely to influence the finance ministry's thinking on the broad policy thrust of the Union Budget for 2009-10.
A special policy package for the rural economy to help it withstand the More... |
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| Rupee steady at 48.57 a dollar in early trade |
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MUMBAI: The Indian rupee on Thursday remained steady at 48.57/58 against the US currency in early trade on weakening of dollar in the overseas market.
At the Interbank Foreign Exchange (forex) market, the domestic currency resumed at 48.57/58 a do More... |
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| Sensex up over 155 points in early trade |
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MUMBAI: The Bombay Stock Exchange benchmark Sensex on Thursday rose by over 155 points in early trade on sustained buying by funds, influenced by a firming trend in other Asian markets.
The BSE-30 share index, Sensex, which had gained over 98 poin More... |
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| Sensex up over 155 points in early trade |
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MUMBAI: The Bombay Stock Exchange benchmark Sensex on Thursday rose by over 155 points in early trade on sustained buying by funds, influenced by a firming trend in other Asian markets.
The BSE-30 share index, Sensex, which had gained over 98 poin More... |
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| Oil prices ease in Asian trade |
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Oil prices ease in Asian trade
SINGAPORE: Oil traded lower in Asia on Wednesday after a strong rebound overnight, but prices remain under pressure from a weak dollar and the political crisis gripping crude producer Iran, analysts said.
In morning More... |
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| Advance tax kitty turns positive |
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NEW DELHI: The sign of economic recovery is becoming more evident, as the growth in the advance tax collection has become positive in the first quarter of 2009-10 (April-June), after remaining negative in the previous two quarters, when the economy More... |
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| Air India set to cut wages, stir looms |
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NEW DELHI: The fate of passengers scheduled to fly Air India July 1 onwards seems as uncertain as that of the airline itself. On Monday, the cash-strapped national carrier announced wage cuts to reduce its annual salary bill of Rs 3,100 crore for mo More... |
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| INTERVIEW - Business incentives must continue - Anand Sharma |
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India's new commerce and industry minister said on Friday that incentives given to businesses to help sustain export and trade would have to remain in place.
Anand Sharma, in an interview with Reuters, said his office was reviewing its trade polici More... |
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| Inflation turns negative, some banks to cut interest rates |
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NEW DELHI: As inflation fell to a record low, treading into negative territory first time in 30 years, bankers are divided over whether a negative inflation rate will prompt the Reserve Bank of India (RBI) to cut its benchmark policy rates. With neg More... |
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| India Inc buys 143 US cos in 2 yrs |
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NEW DELHI: The greater engagement of US with India seems to have benefited the former during the economic downturn as thousands of Americans managed to save their jobs when Indian corporates went on a major acquisition drive in the US. During the la More... |
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| ‘Non-Basmati rice exports to cause food insecurity' |
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| Manoj Khar | 6/19/2009 1:44:32 AM |
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New Delhi, June 18, 2009: Vehemently opposing the government’s contemplation to lift the ban on export of rice, Centre for Environment and Food Security (CEFS), a national NGO, on Thursday warned that the move will result food insecurity in the coun More... |
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| SBI pips ONGC, becomes top tax-payer in the country |
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NEW DELHI: When the world was reeling under a severe financial crunch, India went out to prove another point -- its banking business was not only profitable but had out performed all other sectors.
The icing on the cake was the first quarter advan More... |
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| Home loan tax exemption may be raised |
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The government is trying to encourage lending to breathe fresh life into the real estate and banking segments, which are currently coping and bouncing back from the ill effects of a realty market crash and global recession.
One of the possible ways More... |
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| Small saving schemes back in vogue |
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MUMBAI: With bank and corporate deposit rates falling, investors are "rediscovering'' an alternative avenue to park their funds. According to investment consultants, people are once again showing interest in government-backed small saving schemes li More... |
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| Taj Group acquires Sea Rock Hotel for Rs.680 crore |
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Mumbai: Indian Hotels Co, which owns the Taj Group of hotels, has acquired Sea Rock Hotel, one of suburban Mumbai's oldest five-star properties, for Rs.680 crore ($143 million).
The Tata-owned Taj Group announced late Friday that it has acquired 85 More... |
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| Sensex down 213 points in afternoon trade |
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Mumbai: Indian equities markets were trading in the negative terrain Friday afternoon, with a key index ruling 213 points lower than its previous close about an hour before the end of trade.
The benchmark index of the Bombay Stock Exchange (BSE), More... |
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| Satyam exec may sell shares in open offer |
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HYDERABAD/MUMBAI: One of the top executives in Satyam, who qualifies as an insider, may sell his shares in the tech firm in the open offer that kicks off on Friday.
In a regulatory filling with the US Securities Exchange Commission (SEC) Satyam, More... |
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| 'Hike petrol cess by Re 1 for road development' |
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NEW DELHI: Ambitious it might sound, road transport and highways minister Kamal Nath has set a target of constructing 20 km of national highways per day to accelerate the highway development programme after over two years of snail paced progress. Th More... |
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| Microsoft will soon unveil free anti-virus software |
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BOSTON: Microsoft Corp is getting ready to unveil a long-anticipated free anti-virus service for personal computers that will compete with products sold by Symantec Corp and McAfee Inc.
A Microsoft spokesman said on Wednesday that the world's bigge More... |
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| Sensex up 381 points in early trade |
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MUMBAI: The Bombay Stock Exchange benchmark Sensex moved up by 381 points in early trade on Wednesday, extending its gains for the second straight
session, on increased capital inflows by foreign funds, a day after Prime Minister Manmohan Singh g More... |
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| Sensex plummets 438 points |
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MUMBAI: After almost two months of unhindered northward push, the market witnessed its first major correction on Monday on the back of weak global
cues and profit booking by domestic investors. The sensex opened marginally higher and picked up so More... |
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| Auto sales zoom 9% as cars keep rolling |
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NEW DELHI: Car sales rose 2.5% in May fourth month in a row to 1.13 lakh units against 1.1 lakh units in the same month last year. And overall auto
sales showed 9% growth in May at 9.29 lakh units, against 8.53 lakh units in the corresponding mon More... |
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| What Mamata promises in the Railway Budget |
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The News: Passenger amenities, safety and security will have priorities in the next Railway Budget, which is likely to be presented on July 1, Railway minister Mamata Banerjee has said.
Emphasis will also be given on infrastructure development whi More... |
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| Sensex rises 97 points in early trade(update) |
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MUMBAI: The Bombay Stock Exchange benchmark Sensex rose 97 points in early trade on Monday, extending its winning streak to the second session, on
increased capital inflows by foreign funds even as other Asian markets are giving mixed cues.
T More... |
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| The PM's economic team & what it plans to do |
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Meet India's key ministers who have promised to revive the economy and improve the infrastructure of the country.
Pranab Mukherjee's parliamentary career began as a Rajya Sabha member in 1969. The 73-year-old Mukherjee became the deputy minister More... |
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| Recession hits small IT, BPO firms |
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In March 2005 Sampath Nathan, a Bangalore-based first-time entrepreneur, started a small back office processing firm with a corpus of Rs 1.5 crore (Rs 15 million) to make the most of the IT/BPO boom. A large chunk of the funds came from his savings, More... |
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| Rupee slips to 47.23 against dollar |
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The News: The Indian rupee edged lower in early trade on Thursday as gains in the dollar versus major currencies and other Asian units weighed, with traders awaiting the local share market opening for further direction.
At 9:20 a.m. the partially c More... |
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| Housing prices have begun to drop! |
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The residential property market across India headed south in the beginning of 2008 and almost hit its nadir in the latter part of the year.
However, 2009 may tell a different story. Says Prop Equity, a New Delhi-based real estate research firm, in More... |
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| Sensex regains 15K level after 9 months |
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The sensitive index of the Bombay Stock Exchange regained the 15,000 level in morning trade on Wednesday, after a gap of nine months, on increased capital inflow by funds after a positive infrastructure data for April fueled hopes of an economic rec More... |
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| Sensex rises 133 points on opening |
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Mumbai, June 2: A key index of the Indian equities markets soared soon after the opening bell Tuesday, rising over 133 points within 15 minutes.
The benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened at 14,942.2 points, above Mo More... |
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| 8 Indian cities among world's riskiest BPO spots |
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Here comes another overseas study and another bout of India-bashing.India may have been hailed for long as the world's top outsourcing destination, but according to a survey in the annual Black Book of Outsourcing, as many as 8 Indian cities are amo More... |
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| Salaried? Save tax the smart way! |
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Salary restructuring
As the term implies, salary restructuring allows you to redesign your salary, so as to reduce your total tax liability. Here are some steps you can take in order to reduce your tax liability.
• Do you need a house? Does your e More... |
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| Sensex may hit 19,500 this year: Experts |
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Driven by the election outcome, the benchmark index Sensex could catapult to 19,500 level this year, provided the government pushes through the reform agenda, analysts said.
Market experts believe that the reforms expected to be carried out by the More... |
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| Bharti, Tatas start new tariff war |
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Starting a fresh war in the prepaid mobile segment, Tata Teleservice on Wednesday launched free outgoing local calls to other Tata Indicom mobile or fixed phones for two years without recharging while Bharti Airtel unveiled life-time prepaid s More... |
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