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3 public sector banks hike lending rates
Increase by 50 basis points; ICICI Bank, SBI may follow suit
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New CMDs for IOB, OBC, Indian Bank
With a number of public sector banks' chairmen set to superannuate in the next four to five few months, the Finance Ministry has cleared the decks for a host of top-level appointments including lateral placements to fill such vacancies. Sources ...
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Tatas to make pick-up vehicle in Argentina
Tata Motors and Fiat S.p.A, Italy on Tuesday signed an agreement that provides for a Tata licence to build a pick-up vehicle at Fiat's plant in Córdoba, Argentina. The vehicle will bear the Fiat nameplate. The project would see an investment of ...
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Vodafone pledges $2-b investments
Arun Sarin targets subscriber base of 100 million
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VODAFONESPEAK
`Roses for Essar, telephony for masses'
The Vodafone CEO, Mr Arun Sarin, keeps his first date with Indian editors to the minute. Warm, but hardcore professional, he takes a volley of sticky questions with alacrity, not refusing an answer to even one. How will he deal with Essar's ...
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Deutsche Borse picks up 5% stake in BSE for Rs 189 cr
Transaction puts Mumbai exchange value at Rs 3777 cr
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Round one to RBI on liquidity squeeze
There was also little unanimity among economists, industrialists and bankers in the Capital on whether the RBI move would actually dampen inflation.
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COMMODITY COMMENTARY
Wheat export ban — a pre-emptive move
In a pre-emptive move to plug the possibility of outflow, the Union Government has banned export of wheat. The decision has been taken in the backdrop of a less-than-satisfactory outlook for the ensuing wheat crop and growing concerns over ...
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Indian, Italian companies sign 11 MoUs in key areas
India must offer easier market access: Prodi
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`India-China bilateral trade on course to top $40 b'
Efforts to increase people-to-people visits stressed
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BSNL awards 4-m line deal to Nortel, Ericsson, Nokia
No rebid needed for additional orders up to 20%, says Maran
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`US awaiting Indian Govt's decision on Wal-Mart entry'
The US on Wednesday said it was awaiting the Indian Government's response to the entry of Wal-Mart into the country. "We will have to see what Government officials decide," said Mr Carlos Gutierrez, US Commerce Secretary, while commenting on ...
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Brisk business in low-priced Sensex stocks
A study shows that buy and sell orders for low-priced stocks are large. So is the quantity of these stocks that gets traded on any given day. This may be because retail investors hold only a few high priced stocks, to avoid placing all their ...
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CRR hike impact: Bank stocks bear the brunt
Bank stocks on Wednesday quite predictably bore the brunt of the Reserve Bank of India's move to increase CRR by 50 basis points. The Bank Nifty, constituted by a dozen stocks, declined 4.61 per cent to close at 5,672.45 points. Leading the ...
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Plugging into retail
After lifestyle and food, consumer durables is expected to be the next big category on the retail scene.
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