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Japan’s DoCoMo acquires 26% stake in Tata Tele
Deal valued at Rs 13,070 cr; open offer for 20% stake on cards. Mumbai, Nov. 12 Japan’s largest mobile operator NTT DoCoMo on Wednesday became the latest entrant in the world’s fastest growing mobile telephony market when it picked ...
DoCoMo’s entry to set off race for mobile applications
‘Osaifu-Keitai’, ‘Imadoco’ may become Indian cell-phone user’s rage. New Delhi, Nov 12 Mobile applications such as ‘Imadoco’ and ‘Osaifu-Keitai’ could become Indian rage ...
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The Andhra Pradesh Chief ...
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Rupee falls sharply as FIIs sell in equity market
Sensex sheds 303 points, Nifty 90. Mumbai, Nov 12 The rupee fell by Rs 1.20 against the dollar, the sharpest single day fall in the recent past, on heavy dollar demand on Wednesday. Currency dealers said rupee came under pressure as FIIs sold ...
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Ratan Tata to group cos: Freeze acquisitions, capex plans
Mumbai, Nov. 12 Warning of hard days ahead, Mr RatanTata has asked all the Tata Group companies to put on hold their acquisition and capital expenditure ...
Industrial growth slips in Sept; but ‘encouraging’
Intermediate goods post negative growth; capital goods fare well. A negative growth of 3.3 per cent in intermediate goods in September compared with 10 per cent in the corresponding period last year pulled down growth in the Index of Industrial ...
High inventory cuts car makers’ growth outlook
Growth rate to be around 7%, down from 12%. Bangalore/Mumbai, Nov. 12 With inventory levels in car dealerships across the country doubling in recent months, the Indian auto industry may be facing a far more serious situation than was ...
High credit offtake absorbs recent liquidity infusion
Corporate paper-gilts spread remains high at over 700 bps. Bangalore, Nov. 12 The effects of a reduction in the Cash Reserve Ratio (CRR) have evaporated as spreads between gilts and top grade corporate papers remained high, at over 700 ...
The financial crisis will hit our aging agenda hard
The most immediate effect of the financial crisis is the destruction of housing and financial wealth, especially in the equity markets.. Financial fire-fighting has become a daily occurrence at almost every level. While at the household point ...
India misses out on global health fund’s largesse
Proposals rejected due to technical gaps. Mumbai, Nov. 12 India has missed the opportunity to get a slice of $2.75 billion worth of funds, recently approved by The Global Fund to fight AIDS, Tuberculosis and Malaria, due to the technical quality ...
No buyback for now: Satyam
‘All options are constantly reviewed’. Hyderabad, Nov. 12 Putting to rest speculation about the likely buy-back offering, Satyam Computer Services has made it clear that the company is not contemplating that option ...
Motor insurance set to become dearer
Value-added features to come at higher cost. Chennai, Nov.12 Come January 2009, you may have to pay more for your car premium, though you will get wider coverage for the extra money you shell ...
RBI aid puts mutual funds on recovery road
‘Redemption pressure has eased & inflows are arriving’. Mumbai, Nov. 12 Almost one month after the RBI stepped in to help the mutual fund industry out of its liquidity problems, it does appear that they are on the road to ...
Build-up to ‘low’ continues over southeast Bay
Thiruvananthapuram, Nov. 12 The build-up to the initiation of the low-pressure area over southeast Bay of Bengal was apace on Wednesday with piloting northeasterlies continuing to dump moisture over parts of the southern ...
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