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Govt defers decision on safeguard duty on steel items
‘Need to consult domestic industry, other interested parties concerned’. New Delhi, May 11 In what appears to be a victory for users, the Government has deferred a decision on a proposal to impose provisional safeguard duty on hot ...
Maruti to expand presence in diesel segment
New Delhi, May 11 Maruti Suzuki is now looking to be an aggressive player in the diesel segment, a category which is dominated by Tata Motors. After the success of the Swift hatchback and the Dzire sedan in the diesel variant, the company ...
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New plant: (from right) M...
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TODAY'S PICK (Latest Audio: English/Tamil)
Yes Bank (Rs 77.20): Sell
We recommend a sell on Yes Bank from a short-term trading perspective. It is apparent from the chart of Yes Bank that after bottoming in early March around Rs 41, it began to trend upward. The stock’s uptrend accelerated in early April ...
Day Trading Guide
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NHAI cancels single bid projects; to reinvite tenders
New Delhi, May 11 Another over Rs 8,000 crore worth of National Highway projects, totalling about 650 km, have been postponed. This is because the National Highways Authority of India (NHAI) has decided to cancel and re-invite bids for ...
Reliance Fresh gets ready to take on neighbourhood stores
Mumbai, May 11 Reliance Retail’s Fresh outlets will be adopting a different pricing policy to match the neighbourhood grocer. Dropping the mark-up on prices generally associated with modern trade outlets, Reliance Fresh outlets are ...
HDFC AMC, Birla Sun Life asset base, profits rise
Mumbai, May 11 Among the top handful of asset management companies, the two – HDFC AMC and Birla Sun Life – that managed to increase their asset base saw their bottomlines grow during the ...
CPI, WPI-based inflation seen converging
Expected to be at around 5% by end of 2009-10. New Delhi, May 11 Former Reserve Bank of India (RBI) Governor, Dr Y.V. Reddy, sees the wholesale price index (WPI) and the consumer price index (CPI) converging around five per cent by end of ...
Recession impact: BPO industry sees dip in attrition rates
Firms hire in smaller numbers to cut costs. Mumbai/New Delhi, May 11 Fewer employees are jumping jobs in the BPO industry, courtesy the ongoing global recession. As a result, attrition rates (the number of people quitting per 100 employees) for ...
Car sales rise due to bank financing, rural demand
Scooters, motorcycles record growth. New Delhi, May 11 Increased availability of finance, mainly by public sector banks, and higher demand from rural areas led to a 4 per cent growth in passenger car sales in ...
Models say Bay readying for monsoon onset
Thiruvananthapuram, May 11 International models saw the first wave of monsoon rains entering extreme southwest Bay of Bengal in two days prior to a subsequent onset over the Andaman ...
No high NPAs seen in banks
Mumbai, May 11 The Indian banking system is not saddled with high ...
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