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Sensex closes above 9,000 — Market witnesses across-the-board buying
THE stock markets closed at lifetime high-levels on Friday, buoyed by fresh commitments by foreign funds, short-covering and on news of Bombay High Court's approval of Reliance Industries' de-merger scheme. The benchmark BSE-30 index closed at ...
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PM to look into EPF interest rate issue
THE Prime Minister, Dr Manmohan Singh, today said that he would discuss with the Labour Ministry and officials on what could be done about the 8.5 per cent interest rate announced for the Employees Provident Fund (EPF) for the current ...
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Hitachi Construction doubles stake in Telcon to 40 pc — Tata Motors' stake comes down to 60 per cent
HITACHI Construction Machinery Co, a construction equipment manufacturer, has doubled its stake in Telco Construction Equipment Company (Telcon), a joint venture between Hitachi and Tata Motors, to 40 per cent. Hitachi acquired another 20 per ...
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States express reservations about dual pricing of LPG, kerosene
THE Petroleum Ministry's proposal to consider dual pricing for subsidised kerosene and cooking gas (LPG) has not found many takers amongst the State Governments. At a high-level meeting called by the Petroleum Ministry, representatives of ...
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NPA recovery will benefit all: Mid-year review
FASTER recovery of non-performing assets (NPAs) and improved efficiency in banking system could help banks in offering remunerative rates for savers and more attractive rates to borrowers, the Government has said in its mid-year review of the ...
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Inflation up on costlier food, manufactured items
THE annual Wholesale Price Index-based inflation rose 4.54 per cent during the week ended November 26, up from the previous week's annual rise of 4.32 per cent. The surge in the year-on-year inflation rate was largely on account of higher food ...
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Broadband vital to achieve digital capability: Gates
MR Bill Gates, Chairman and Chief Software Architect of Microsoft Corp, said on Friday that increasing broadband penetration in India was the key to realise the benefits of the digital lifestyle products spanning segments such as music, Internet, ...
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Education process outsourcing: The next big business opening?
AFTER the influx of technology-related process outsourcing, education process outsourcing (EPO) is also making inroads across the country. If what Highpoints Learning Inc, with its development centre in Hyderabad, is managing now is anything ...
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Samsung to set up $15-m handset manufacturing unit
KOREAN electronics major Samsung, on Friday, announced its plans to invest $15 million to set up a mobile handset manufacturing facility in India. The factory will be set up at Gurgaon, Haryana. This is Samsung's fourth overseas handset ...
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TN on alert as `Fanoos' heads for coast
Strong onshore winds clocking 60-70 km/h are likely to wallop the coastal districts of south Andhra Pradesh and Tamil Nadu.
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