New Delhi,
December 14, 2012
Inflation declined to 7.24 per cent in November from 9.46 per cent in the same month a year ago although prices of food items like potato, wheat, cereals, rice, pulses, edible oil and sugar went u...
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Mumbai,
October 17, 2012
Sebi Chairman U.K. Sinha on Wednesday said corporates should abide by the due process of law and not unnecessarily draw rating agencies, also overseen by the capital markets regulator, into litiga...
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NEW DELHI,
May 10, 2012
In an indication of tough times ahead, the Indian exports have been hit by the poor global economic conditions registering a growth of 3.2 per cent in April at $24.5 billion. Significant...
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LONDON,
January 22, 2012
In what is being hailed as a “great leap forward’’ in China’s growing economic presence in Britain, the China Investment Corporation (CIC) has bought a 8.68 per cent stake in Thames Water, Britain...
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Mumbai,
August 6, 2011
Public sector lender Union Bank of India (UBI) today hiked its base rate by 50 basis points or 0.50 per cent, following the recent increase in key rates by RBI to tame inflation which is hovering...
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New York,
July 20, 2011
Internet firm Yahoo has posted 11 per cent rise in net income to USD 237 million for April-June, 2011, even though the sales of its display advertising business declined during the quarter.
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Mumbai,
June 20, 2011
American banking major Citigroup on Monday reported a 78 per cent jump in its profit after tax at Rs.1,859 crore in 2010-11 from its operations in India. The jump in profit came on th...
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Coimbatore,
June 22, 2010
The Tirupur Exporters’ Association (TEA) on Monday urged Finance Minister Pranab Mukherjee to ensure that exporters are exempted from the proposed base rate system, so they can get exp...
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COIMBATORE,
May 4, 2010
State Bank of India (SBI) has adopted 21,000 girl children so far through its village adoption programme to meet their educational expenses, according to Director of the Central Board of the Bank...
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MANGALORE,
April 7, 2010
The State Government has introduced the Defined Contribution Pension Scheme (New Pension Scheme) for its employees who joined service from April 1, 2006. About 1,600 State Government employ...
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Mumbai,
December 1, 2012
Stock: In a truncated week, both the key indices, Sensex and Nifty, registered their biggest weekly gains in absolute term, 833.33 points and 253.25 points respectively, in the current cale...
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MUMBAI,
September 16, 2012
Even though the government has announced a slew of measures to stimulate the economy, the Reserve Bank of India (RBI) is likely to maintain the status quo while reviewing its policy in the forthco...
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Kolkata,
March 22, 2012
Share prices of top lenders of gold loan — Muthoot Finance and Manappuram Finance — dropped sharply on Thursday as the Reserve Bank of India (RBI) tightened rules for lending against gold jeweller...
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NEW DELHI,
September 17, 2011
Defending the Reserve Bank's decision to hike key rates by 25 basis points, the Prime Minister's Economic Advisory Council on Friday said the central bank had no other option, as inflation remaine...
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Mumbai,
August 4, 2011
IT firm Infosys Technologies today said it has implemented its core banking solution, Finacle, in Bank Chinatrust Indonesia.
“Replacing the bank’s legacy system, Finacle no...
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HONG KONG,
July 20, 2011
Asian stock markets rose Wednesday, boosted by healthy earnings reports from U.S. companies. Crude oil climbed above $98 while the dollar weakened slightly against the euro and yen...
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Mumbai,
June 16, 2011
In line with the downtrend in equity markets, the rupee ended lower by 13 paise to close at 44.90/91 against the dollar today on persistent demand for the US currency, amid its gaining stren...
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MADURAI,
May 5, 2010
Britain offered tremendous business and investment opportunities for Indian companies, especially for Small and medium enterprises (SMEs), which were driving the economy in both countries, said Br...
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May 2, 2010
The low level of participation in the capital market by small investors, despite the official espousal of their cause, has worried policy makers and regulators for long. While nearly half th...
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KOCHI,
February 20, 2010
The Union government is trying to evolve a framework for using the mobile platform to improve the access of a large section of the population, especially the poor, to basic financial and ban...
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