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Wednesday, April 22, 2009
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WEB EXTRAS

FIXED DEPOSITS: RBI cuts repo rates
Prods banks to reduce lending, deposit rates; ICICI Bank responds. Mumbai, April 21 The Reserve Bank of India on Tuesday cut key policy rates – repo and reverse repo – by 25 basis points each in order to push banks to lend more at ...

CREDIT POLICY: RBI rate cut comes as a surprise to marketmen
Mumbai, April 21 Despite the RBI’s rate cuts, equity markets, which showed a favourable response immediately after the announcement, did not end the day in the ...

DERIVATIVES MARKETS: Sharp fall in pepper futures
The pepper futures market on Tuesday witnessed sharp fall on speculative selling by operators who have been pushing up the market for the past few days. They are liquidating for fear that imported pepper might enter the domestic market ...

CHANNELS AND FRANCHISES: ‘Market share of Indian BPOs to double by 2010’
Bangalore, April 21 The Indian business process outsourcers are expected to sustain their growth momentum, driven by the demand for low-cost services, amid challenging economic conditions and double their market share by 2010, according ...

ALTERNATIVE MEDICINES: Hamdard launches health products
New Delhi, April 21 Fountain RoohAfza will soon hit the highways. Hamdard (Wakf) Laboratories has test-marketed dispenser sales of its RoohAfza sharbat and plans to set these up at high congregation points on highways and at tourist ...

PHARMACEUTICALS: J&J Pharma R&D sets up facility in Mumbai
Mumbai, April 21 As part of its Asia research cluster, Johnson & Johnson (J&J) Pharmaceutical Research and Development has set up a research facility that will be part of its global development of new ...

REGULATORY BODIES & RULINGS: DoT seeks Cabinet nod on licence fee relief to fixed line cos
New Delhi, April 21 The Department of Telecom has sought the approval of the Cabinet to exempt fixed line operators from paying annual licence fee on revenues earned from rural areas. The DoT has decided to approach the Cabinet after the ...

FINANCIAL PERFORMANCE: Zensar Q4 net rises 6.9% on biz from new service areas
Bangalore, April 21 Pune-based IT services provider Zensar Technologies Ltd has reported a 6.9 per cent increase in net profit for the March quarter partly helped by business from new ...





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Markets (April 21)
Nifty (at close)3365.30(-11.80)
US Dollar (Buy/Sell)50.57/58
Brent crude (a bbl) Rs2,601
Gold (a gram) Rs1,348
Silver (a kg) Rs21,375


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