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Union Bank cuts lending rate by 25 bps; others may follow suit
IDBI Bank reduces deposit rates by 25-50 basis points. Mumbai, June 22 The Finance Minister’s fiat to public sector banks, to lower lending rates, seems to be having the desired effect as banks have started cutting their benchmark prime ...
AI targets Rs 500-cr wage cost reduction
Panel to submit report by July 15 to CMD. Air India is targeting a reduction of almost 17 per cent or Rs 500 crore of its annual wage bill of more than Rs 3,000 crore. The airline is passing through a severe financial crisis, losing almost Rs 15 ...
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Here at last: Waves of th...
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TODAY'S PICK (Latest Audio: English/Tamil)
CESC (Rs 292.9): Sell
We recommend a sell in CESC from a short-term trading perspective. It is apparent from the charts of CESC that it had been on an intermediate-term up-trend between the early March low and early June peak, from Rs 180 to Rs 376. However, the ...
Day Trading Guide
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United Bank plans IPO in Dec to mobilise Rs 300-400 cr
Kolkata, June 22 United Bank of India plans to hit the capital market by December-end with an Initial Public Offering to mobilise Rs 300-400 crore, according to its Chairman and Managing Director, Mr ...
Renault puts India car plans on the fast track
Mumbai, June 22 French carmaker Renault has completely recast its plans for India as part of a new, aggressive approach that will see it producing cars in its Chennai plant ...
NTPC to get gas from Reliance at $4.2
Pact excludes Kawas, Gandhar units. New Delhi, June 22 NTPC Ltd is close to signing a deal with Reliance Industries Ltd (RIL) for gas from the D6 block at $4.2/mBtu at the landfall point. The deal covers all of the public sector power ...
Pharma industry seeks incentives for research
4% excise duty on finished drug forms must continue. Mumbai, June 22 Research undertaken to develop medicines is different from research in any other industry segment, say pharma industry representatives in their pre-Budget wishlist to the ...
Proposed ban on GM food crops not desirable: Expert
The Centre’s reported move, to restrict genetic modification (GM) technologies to non-food crops and not permitting them in food crops, has drawn flak from a leading ...
Overseas investors pare down derivative positions
FII open positions decline 11% in last one month. BL Research Bureau Foreign institutional investor (FII) activity on the bourses has turned tepid since the second week of ...
Signature ‘low’ to help strengthen monsoon current
Thiruvananthapuram, June 22 A low pressure area has formed over east-central Arabian Sea, the India Meteorological Department (IMD) said on Monday, livening up the monsoon settings ...
World Bank pats India for improving investor sentiment
Says country’s IT industries vulnerable to downturn. New Delhi, June 22 The World Bank says the reform agenda of the newly-elected Indian Government has already improved investor sentiment and could yield an even stronger recovery ...
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