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Inflation surges to 7.51 pc
JUST a day after the Chief Economic Advisor, Dr Ashok Lahiri, told presspersons that inflation had peaked and the "worst is behind us", precisely the opposite has happened. According to the latest wholesale price index (WPI) data released by ...
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Chidambaram calls for national model on delivery systems
THE Finance Minister, Mr P. Chidambaram, today said that a national model on delivery systems should be evolved based on the best practices followed by the State governments in various fields. He also urged the States that are lagging behind in ...
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Bond prices crash as panic grips market; rate hike feared
BOND dealers were seized with a sense of panic on Friday as the market witnessed the highest inflation rate in three-and-a-half years, which dragged down bond prices by over a rupee across medium term maturities. The 10-year bench mark yield ...
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TRAI proposes across-the-board cut in annual licence fee — Pegs Rs 180 cr as entry fee for unified licence
THE Telecom Regulatory Authority of India (TRAI), on Friday, proposed an across-the-board reduction in the annual licence fee from a high of 15 per cent to 6 per cent, even as it recommended an entry fee of Rs 180 crore for an all-India unified ...
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SBI dumps exit option for `de-motivated' staff
THE proposed `exit option' prepared by State Bank of India (SBI) to rid itself of its "frustrated and de-motivated' staff has itself been shown the exit door. Developing cold feet over the possible legal implications of a scheme that could be ...
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Inflation number deflates market sentiment — Auto components maintain smooth ride
EQUITIES ended the week on a tepid note, with widespread losses in Friday's trading. Higher-than-expected inflation numbers triggered the decline; stock prices had been flat till the headline inflation number of 7.5 per cent popped up on ...
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Plastic money gaining currency fast
FINANCIAL cards witnessed a robust growth in India in 2002-03. The number of cards in circulation increased by almost 50 per cent. The growth in transaction value, at 95 per cent, was even more spectacular. These results are attributable to the ...
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TCS offer subscribed 10 times; price band may be at Rs 850-875
TATA Consultancy Services' IPO was oversubscribed by 10 times, according to data from the stock exchanges. Bids for 57.18 crore shares were received. Over 5.5 crore shares were on offer from the company. Of this, over four crore bids were at ...
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Monsoon revival cuts deficit by 5 pc
Things are looking quite promising now. All available weather data suggest that the strong phase of the monsoon will sustain through the month of August.
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Diamond trade gets ready for face-off: Are synthetics `real'?
SYNTHETIC diamonds are so tacky, right? You wouldn't, for instance, want to give your fiancée a synthetic diamond, would you? Wrong. And wrong again. Last year, a well-known diamond wholesaler in Mumbai bought a batch ...
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