RBI asks banks to help debt-ridden aviation sector
Source : Press Trust of India
posted on : 9/8/2010 7:08:48 PM
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 Mumbai: The Reserve Bank has asked lenders to work out a special concessional package for the crisis-ridden aviation sector, reeling under financial debt burden of staggering 60,000 crore. |
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Ohio bans outsourcing, Infosys concerned
Source : Press Trust of India
posted on : 9/8/2010 6:38:26 PM
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 Bangalore: Infosys, the country's second largest software company, on Wednesday expressed concern over the Ohio state government's move to ban IT outsourcing to offshore locations such as India. Infosys CEO & Managing Director Kris Gopalakrishnan said, "We are concerned with the recent news from US about banning offshore outsourcing by Ohio State government departments. |
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China still developing despite 2nd largest economy
Source : Press Trust of India
posted on : 9/8/2010 3:53:19 PM
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 Beijing: China remained a developing country facing many challenges, including alleviating poverty in rural areas, despite emerging as a second largest economy of the world, World Bank President Robert B Zoellick has said. |
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RBI to look into deregulation of savings interest rate
Source : Press Trust of India
posted on : 9/8/2010 3:52:31 PM
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 Mumbai: The Reserve Bank on Wednesday it will soon set up a working group to examine the possibility of deregulation of interest rates on savings account. |
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Gold surges to all-time high at Rs 19,470
Source : Press Trust of India
posted on : 9/8/2010 3:51:02 PM
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 New Delhi: Gold prices scaled to a new peak of 19,470 per ten grams in the national capital on Wednesday on brisk buying by jewellers to meet festival and marriage season demand amid a firm global trend. |
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Rotorcraft to set up helicopter manufacturing unit
Source : Press Trust of India
posted on : 9/8/2010 11:08:06 AM
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 Hyderabad: Indian Rotorcraft, a joint venture between Tatas and Italian helicopter company AgustaWestland, will set up a helicopter manufacturing unit at GMR's aviation SEZ at the Rajiv Gandhi International Airport here soon. |
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Rupee gains 3 paise
Source : Press Trust of India
posted on : 9/8/2010 10:48:15 AM
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 Mumbai: The rupee on Wednesday appreciated by 3 paise to Rs 46.81 a dollar at the Interbank Foreign Exchange market in early trade on dollar selling by banks. |
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Sensex dips over 104 points on profit booking
Source : Press Trust of India
posted on : 9/8/2010 10:45:51 AM
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 Mumbai: The Bombay Stock Exchange benchmark Sensex declined by over 104 points in the early morning trade on Wednesday after rising to a record high in the last two straight sessions, on profit booking and weak trend in Asian markets. |
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Govt writes to SEBI on Cairn-Vedanta issue
Source : Press Trust of India
posted on : 9/7/2010 6:16:21 PM
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 New Delhi: The government has written to market regulator SEBI saying Cairn Energy Plc’s deal to sell a majority stake in its Indian arm to Vedanta Resources does not yet have its approval, a condition contingent for the $8.48 billion deal to consummate. |
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Steady deterioration in asset quality of banks
Source : Press Trust of India
posted on : 9/7/2010 5:56:18 PM
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 Mumbai: There has been a steady deterioration in the asset quality of banks in the last two years on account of a heavy stress in the credit cards and personal loan products segments, a top banking industry official said. |
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FDI inflows down by 49 pc in July
Source : Press Trust of India
posted on : 9/7/2010 5:53:48 PM
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 New Delhi: Reflecting fragile recovery in world’s major economies, foreign direct investment into India dipped for the second consecutive month, by 49 per cent to $ 1.78 billion in July. |
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RBI for higher salaries to CEOs, executives of PSU banks
Source : Press Trust of India
posted on : 9/7/2010 5:52:44 PM
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Mumbai: Concerned over low salary structure in PSU banks, the Reserve Bank on Tuesday said that in the absence of suitable compensation package they would lose talent to private sector lenders. |
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Rupee depreciates 5 paise
Source : Press Trust of India
posted on : 9/7/2010 10:05:01 AM
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 Mumbai: The rupee on Tuesday weakened by 5 paise to 46.59 a dollar in early trade as the US currency firmed up against other major world currencies. |
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Sensex gains 62 pts on buying by funds
Source : Press Trust of India
posted on : 9/7/2010 9:55:20 AM
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| Mumbai: The Bombay Stock Exchange benchmark Sensex on Tuesday gained 62 points in early trade on continued capital inflows by foreign funds. |
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RNRL-RPL merger gets shareholders nod
Source : Press Trust of India
posted on : 9/6/2010 6:50:08 PM
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 Mumbai: Two Anil Ambani group companies, Reliance Power and Reliance Natural Resources, on Monday said their respective shareholders have approved merger between the two entities, estimated to create a Rs 50,000-crore entity. |
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