| News Central |
Nov 20, 2009 |
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BUSINESS LINE
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GVK keen to hike stake in Bangalore, Mumbai airport cos
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Bangalore/Hyderabad/Mumbai, Nov. 20 Upbeat from its Rs 485-crore acquisition of 12 per cent stake in Bangalore International Airport Ltd (BIAL), GVK Power & Infrastructure Ltd today expressed its intent to further hike its holdings in
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Corporates swamp the bond market
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Mumbai, Nov. 19 At least 10 companies, including public sector undertakings, are expected to tap the corporate bond market over the next two months to take advantage of the lower interest rates and surplus liquidity, say bankers and brokers.
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Foreign investors’ asset base shrinks in October
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Mumbai, Nov. 20 The assets under management of foreign institutional investors fell for the first time in the past eight months in October, as the equity markets fell on the back of weak corporate
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MFs sit on cash piles
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Mumbai, Nov. 20 Mutual funds have more cash now than a month ago reflecting the increasing uncertainty among market participants about which way equities are headed.
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DoT, Defence end stalemate on spectrum
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New Delhi, Nov. 20 In a move that will allow the Government to auction 3G spectrum for at least four operators in each circle, the Department of Telecom and the Ministry of Defence have struck an agreement whereby the armed forces will release 25
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States get back power to set cane prices
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New Delhi, Nov. 20 The Centre’s decision to scrap the newly introduced Clause 3B of the Sugarcane Control Order, 1966 has reduced the so-called fair and remunerative price (FRP) for cane to a virtual dead letter for sugar
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FMC-CERC power war reaches Court
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New Delhi, Nov. 20 The turf war between two regulators — the Forward Markets Commission and the Central Electricity Regulatory Commission — has reached the Bombay High Court. The FMC has dragged the CERC to the Court over regulatory
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Switching operator will cost no more than Rs 19
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Starting January 1, mobile users wanting to change their operator, without giving up their phone number, can do so by paying a maximum of Rs 19 only.
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Rolls-Royce Ghost is here
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New Delhi, Nov. 20 Taking a cue from the doubling of Indian billionaires, the super luxury British iconic brand Rolls-Royce launched on Friday the four-door Ghost saloon in India.
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Mobile services fetch less for telecom players in Q2
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Kolkata, Nov. 20 Most telecom operators reported decline in revenues from mobile services in the second quarter of 2009-10 as compared to the previous quarter despite growth in subscriber base, according to a study conducted by
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Banks find DRT a better recovery mechanism
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Chennai, Nov. 20 Lok Adalats have not proved to be a good means of effecting recoveries from bad loans, statistics show. The ‘public courts’ have accounted for only 5 to 8 per cent of delinquent loans recovered in the last couple of
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India’s exposure to US bonds least among BRIC nations
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Kolkata, Nov. 20 India has not only reduced its investments in US Treasury bonds between May and September, but stood least exposed among the other BRIC nations relative to their respective foreign exchange reserves.
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Govt mulls tax to phase out fuel-inefficient vehicles
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New Delhi, Nov. 20 It could soon be a tough road ahead for vehicles with low fuel efficiency.
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Know the Nifty sentiment via ‘tweets’
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Mumbai, Nov. 20 Film stars have taken to it, so have politicians. Now it is the turn of the National Stock Exchange to log in to “tweet”.
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Buybacks: Majority go slow or back out
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Most of the 62 companies that announced buybacks have gone slow in using their funds this year and are likely to fall short of the purchase targets.
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GM India will not cede ground in Chinese alliance
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Mumbai, Nov. 20 Mr Karl Slym, President and Managing Director of General Motors India, is categorical that the proposed alliance with SAIC Motor Corporation of China for light trucks will in no way compromise his company’s
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North-East monsoon may get into `surge mode' again
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The North-East monsoon is in a "surge mode" upstream of the Bay of Bengal with high winds and heavy rains warned of in the Gulf of Thailand over the next two days.
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