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Advance tax collections from Mumbai down 7% this fiscal City contributes 30% to total corporate tax receipts. Mumbai, March 17 Advance tax collections from companies in Mumbai have dipped 7 per cent for the fiscal ended March ... More stake for Telenor in Unitech Wireless at no extra cost To acquire 67.25% for Rs 6,120 cr agreed earlier. New Delhi, March 17 Norway’s Telenor will acquire an additional 7.25 per cent stake in Unitech Wireless over and above the 60 per cent equity it intended to acquire earlier. It will not ...

Trade ...	TODAY'S PICK (Latest Audio: English/Tamil) Crompton Greaves (Rs 135.25): Buy We recommend a buy on Crompton Greaves from a short-term horizon. It is apparent from the charts of Crompton Greaves that it had been on an intermediate-term downtrend from September high of Rs 277 till it found support at Rs 106 in early ... Day Trading Guide

SBI draws pvt bank customers with home loan at 8% interest
Hyderabad, March 17 The special housing loan schemes launched recently by State Bank of India at 8 per cent interest rate have triggered migration of customers of some private banks ...

Most banks brace for lower net interest margins in Q4
Declining credit off-take, high deposit inflows to put pressure. Bangalore, March 17 With credit off-take shrinking, most banks brace for lower net interest margins in the fourth quarter of the current ...

Cos deploying benched staff on internal projects
Trend is positive for industry, says e2e People MD. Bangalore, March 17 IT services providers have started making good use of their benched employees by deploying a section of them to manage internal processes such as creation of intellectual ...

More cos raise funds thru second round of pledging
TCS, Dr. Reddy’s, Zuari Ind prominent among them. Mumbai, March 17 Almost two months after SEBI announced it would be mandatory for companies to reveal information regarding shares pledged by the promoters, the second round of disclosures ...

Nano effect likely to be felt across user segments
‘Car’s biggest plus is it will be relevant in big cities and small towns’. Mumbai, March 17 Even the fiercest rivals of the Tata Nano are hoping that the car does well as it will give the much needed boost to market sentiment, ...

An industry that always stays ahead of the regulator
Last month, Oscar-winning film Slumdog Millionaire made it to the television screen in India, just weeks after it opened in the cinemas. Not on free-to-watch television, but on a pay-per-view basis. The latter is still a novelty for ...

Highways and ports fall victim to turf wars
FIVE YEARS OF UPA. Over the last five years, Mr T. R. Baalu, the Union Minister of Shipping, Road Transport and Highways and his team could have done much more. But they will probably say that they spent most of their time to sort out several ...

Will US banks go back to the roots?
It’s become a drab affair. The bimonthly meeting of the US Federal Reserve’s Federal Open Market Committee’s (FOMC) this week attracts ...

Third Front is the only alternative: Basu
Kolkata, March 17 Veteran Marxist leader and former Chief Minister of West Bengal, Mr Jyoti Basu, on Tuesday said the Communist Party of India (Marxist) could consider the possibility of participating in the government in the event of the ...

Cracks appear in Kerala Left Front
Thiruvananthapuram, March 17 The ruling Left Democratic Front (LDF) coalition in Kerala seems to be proving its supporters wrong. Those who foresaw the factional rivalry within the CPI(M) as the only factor likely to affect the prospects of ...

Tamil Nadu VIPs look for new addresses
Whatever the outcome of the Lok Sabha elections in Tamil Nadu, slated for May 13, the delimitation of constituencies appears to have thrown a spanner in the works, particularly for front-ranking leaders of different political parties and ...

Rupee consolidates sideways (Latest Audio:English/Tamil)
Risk-appetite in financial markets surged higher over the past week along with equity markets that snapped back from multi-year lows. Dollar and yen weakened against other currencies as funds moved out of safe-haven currencies in to riskier ...

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