| BUSINESS LINE |
Wed, 17 Mar 2010 |
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BUSINESS LINE
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Central Bank plans to use postmen to reach rural areas
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Central Bank of India is in talks with India Post to rope in village postmen as business correspondents (BCs), its Chairman and Managing Director, Mr S. Sridhar, has
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Qualcomm submits bid for broadband spectrum
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The US-based Qualcomm Incorporated has submitted to the Department of Telecom its application to bid for the upcoming auction for broadband wireless access (BWA)
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Deep Industries (Rs 108.9): Buy
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Deep Industries has been extremely volatile this year, plunging to Rs 92.05 in the pre-Budget session and then recording a smart rally to Rs 121. The recent correction in the stock since the March 8 peak is halting just above the support zone
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Day Trading Guide
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The stock is nearing significant resistance around Rs 970. Initiate fresh short position only if the stock reverses from this resistance level with tight
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Coal piling up at east coast ports on rake shortage
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More than three million tonnes (mt) of imported coal are awaiting evacuation at the east coast ports of Paradip, Visakhapatnam and Gangavaram due to non-availability of railway
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Mutual funds switching to short-term papers
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Mutual fund houses are rejigging debt portfolios and shifting from longer-term Government securities to shorter-tenor government securities (G-Secs), certificates of deposit (CDs) and commercial papers (CPs), which are providing better
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AI loses Rs 2,000 cr on international routes
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The Ministry of Civil Aviation has told a Parliamentary Committee that Air India lost Rs 750 crore on the daily Mumbai-New York and Delhi-New York daily non-stop flights last year. The Mumbai flight was launched in August 2007 while the Delhi
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Railways hikes freight for iron ore exports
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The Railways' freight for iron ore for exports is up by Rs 300 a tonne from today (Wednesday). The Railway Board has hiked the distance-based surcharge on iron ore for other than domestic
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15 cos under lens for FEMA violations in Goa
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Russians and UK citizens head the list of foreigners using the company route to circumvent the ban on their acquiring agricultural land in Goa, an on-going official investigation
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Commercial vehicles' lenders bet on growth
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Sales of commercial vehicles, that barometer of an economy's fortunes, have been robust in the past few months. For the 11-month period ended February 2010, sales of commercial vehicles have grown by 35 per
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Domestic savings to support higher growth: Edelweiss
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India has the potential to grow at 9 per cent by 2020, supported by domestic savings itself, according to an Edelweiss research report “India 2020-Seeing Beyond” released on
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Govt looks at ways to expand reach of pension scheme
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In a bid to extend the reach of the New Pension Scheme (NPS) designed for the unorganised sector and make it more popular, the Government is looking at a role for microfinance institutions (MFI) as “collection agencies” in the
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India, Britain get the thumbs up from Goldman Economics chief
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India's target of achieving double digit growth this decade is more conceivable than ever before, according to Mr Jim O'Neill, Head of Global Economics at Goldman
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Mercury may briefly rise over north-west India
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The core wheat belt in the northwest of the country may need worry about only a four-day stretch from Saturday for any abnormal rise in temperatures even as heat wave conditions have started building all
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