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| Inflation eases to 4.89 percent in April 2013 |
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New Delhi: Declining price of food items, including fruits and vegetables, pulled down inflation to nearly a three-and-a-half-year low of 4.89 percent in April, which may present a case for further monetary policy easing.Inflation based on the Wholesale Price Index (WPI) stood at 5.96 percent in March. In April, 2012, it was 7.50 percent.This is the lowest level of inflation since November, 2009 w |
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| Exports up 1.6 percentage in April; trade gap widens to USD 17.7 billion
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New Delhi: India\'s exports grew for the fourth consecutive month recording a growth of 1.6 percent in April but surge in gold imports pushed up the trade deficit to USD 17.7 billion.Gold and silver imports during the month under review have increased by 138 percent to USD 7.5 billion from USD 3.1 billion in April 2012.\"Imports has seen an undue growth of 10.9 percent (in April to USD 41.95 billi |
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| From overseas market Canara Bank to raise up to $1 billion in May |
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rn rn Normalrn 0rn rn rn rn rn falsern falsern falsern rn EN-USrn X-NONErn X-NONErn rn rn rn rn rn rn rn rn rn rn rn rn rn MicrosoftInternetExplorer4rn rn rn rn rn rn rn rn rn rn rn rn rn rnrnNew Delhi: State-owned Canara Bank plans to raise up to USD 1 billion (about Rs 5,487 crore) through bonds this month from the overseas market to |
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| 2.5 percent of growth rate on IIIP, marked in March |
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Mumbai: The Index of Industrial Production (IIP), grew 2.5 per cent in March, after shrinking in eight months last year, indicating a moderate recovery in Indian factories.The IIP had grown by a meager 0.6 per cent in February on the back of a 2.2 per cent rise in manufacturing, which constitutes about 76 per cent of industrial production.\"This is a significant improvement on year-on-year. We are |
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| IndiGo to charge more on pre-booked passenger tickets |
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New Delhi: Though the airline has not indicated from when it would start charging the new rates, but in a circular to travel agents it said for all other window and aisle seats, which are pre-booked, a passenger would be charged Rs. 200 for a domestic and Rs. 300 for an international flight.In the first two rows or near emergency exits in the 12th and 13th rows in an IndiGo flight will cost passen |
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| India\'s 1st trading app for Facebook by Geojit |
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Kochi: C J George, managing director of Geojit BNP Paribas launched \'Flip Social\', India\'s first stock trading application suite for Facebook simultaneously in Mumbai and Kochi.rnThe launch in Mumbai saw Ashish Kumar Chauhan, MD and CEO of Bombay Stock Exchange punching the first trade order in the presence of A P Kurian, chairman of Geojit BNP Paribas; A Balakrishnan, MD of Geojit Technologies |
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| New Honda Brio variant launched at Rs 4.12 lakh in Delhi. |
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New Delhi: Honda Cars India Tuesday said it has launched new variants of its small car Brio, priced range from Rs 4.12 lakh and Rs 6.13 lakh (ex-showroom, Delhi).In a statement, the company said it has \"introduced new variants of Honda Brio with key upgrades to make the car more convenient, comfortable and pleasurable to drive for its customers\".The upgrades include features like driver seat hei |
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| SEBI has to relax the deadline of June over the companies |
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Mumbai: Only 2 months been left for lowering the promoter holding to 75 percent, as many private sector companies are planning to petition SEBI to relax the norms- either by way of a deadline extension or by relaxation in the compliance procedures. As per the shareholding data available with the stock exchanges, there are about 150 companies that currently have a public holding of less than 25 per |
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| Loans to get cheaper as RBI cuts key policy rates |
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Mumbai: The Reserve Bank of India (RBI) on Friday cut key policy rates by 0.25 percent, a move that will make auto, housing and other loans cheaper and help accelerate economic growth.The repo rate, the rate at which the central bank lends to commercial banks, has been cut by 0.25 percent to 7.25 percent.The reverse repo rate, the rate that RBI pays to commercial bank on their parked money , has a |
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| Declining inflation will raise scope for further rate cut: FM |
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New Delhi: Accepting Reserve Bank\'s stance on policy rate for what it is, Finance Minister P Chidambaram on Friday expressed hope that declining inflation would increase the scope for rate cut by the central bank.\"Let\'s accept what has been done today and let us see what the future holds\", he said while commenting on the RBI\'s monetary policy for the current financial year.\"RBI reduced polic |
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