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Negative show: Industrial output contracts in October Industry asks for second stimulus package. New Delhi, Dec. 12 The Index for Industrial Production (IIP) has posted a negative growth of (-)0.4 per cent in October as against a robust 12.2 per cent in the same month last year. However, between ... Markets ignore weak IIP data, recover on short covering Mumbai, Dec. 12 Indian equities tanked on Friday on news of the collapse of the US auto bail-out package, but bounced back to close on a flat note as traders covered their short ...

Crosses million-mark: Mr ...	IIP: Negative surprise for foreign investors Analysts now bet on rate cuts. Mumbai, Dec. 12 Indian equities reacted sharply to negative global cues and the poor Index of Industrial Production (IIP) figures for ...

Record wheat crop on cards
Area under rapeseed-mustard, chana increases. New Delhi, Dec. 12 With Parliament elections due in the next 3-4 months, the ruling Congress-led United Progressive Alliance (UPA) can take heart from increased planting of most rabi crops this year, ...

TRAI proposes per second based mobile tariffs, asks operators to cut SMS rates
New Delhi, Dec. 12 The Telecom Regulatory Authority of India on Friday said that it was looking to move towards a tariff regime where mobile operators charge on a per second basis instead of the current practice of charging ...

Corporate India gears up for a taste of politics
Floats political party; targets educated, urban middle class in major cities. Pune, Dec. 12 Running companies to playing a role in running the country may not have been the most logical progression, but a band of professionals with successful ...

US auto bankruptcy may hurt India’s component exports
New Delhi, Dec. 12 Despite domestic component suppliers to General Motors, Ford and Chrysler ruling out a drastic impact of the rejection of the US auto bail out package, Automotive Component Manufacturers Association (ACMA) estimates that ...

BHEL expects cost pressures to ease from Q4
Company confident of clocking over 30% growth for the year. Tiruchi, Dec. 12 The public sector power equipment major, Bharat Heavy Electricals Ltd, which had earlier projected a growth of 25-30 per cent for the current year, is today confident ...

Terror: Rhetoric and reality
The extensive debates on television talk-shows and opinion pieces in the print media over the Mumbai terror strikes have perhaps left the general public a little befuddled, if not outright confused. This is due, in no small measure, to all manner ...

Axis Bank expanding in South, to increase headcount
To upgrade extension counters; focus on growing customer base. Coimbatore, Dec. 12 Axis Bank is in the process of expanding its branch network and upgrading its extension counters to branches in ...

Markets this week (Latest Audio:English/Tamil)
Life Insurance Corporation of India (LIC) has announced that it will invest Rs 31,000 crore in equities and corporate bonds in the next four months. The breakup is Rs 11,000 crore in stocks and Rs 20,000 crore in nonconvertible ...

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