Rupee down 29 paise vs dollar |
- Rupee down 29 paise vs dollar
- Samsung chairman sued by sister in inheritance feud
- Sensex recovers 174 points in early trade
- Essar puts projects worth $3bn on hold
- BP wants KG gas price to rise 3 times
- Panel backs rail revamp fee on passengers
- SBI cuts education loan rate
- Fund demand by banks at all-time high
- Sensex dives 478 points, steepest fall in 5 months
- Telenor, Unitech move Company Law Board
- Bajaj recalls Pulsar220 to fix faulty part
- Higher depreciation sop in offing
- G20 to Europe: Show us the money
- 3 Indian entities in world's top 100 arms units
- SBI cuts education loan rates by up to 1%
- World Bank: China's economy at 'turning point'
- HSBC upbeat on Asia as profit hits $22 billion
- Yen hits 9-month low vs dollar, euro holds firm
- Kingfisher organises funds to pay staff
- HSBC annual net profit jumps 28% to $16.8 billion
- Kingfisher in talks on rescue package
- Rupee drops by 12 paise
- China calls for steps on eurozone crisis
| Posted: 27 Feb 2012 08:36 PM PST Snapping a three-session gaining streak, the rupee today lost 29 paise to close at 49.22/23 against the dollar on fresh demand for the US currency from importers. 
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| Samsung chairman sued by sister in inheritance feud Posted: 27 Feb 2012 08:22 PM PST The chairman of South Korea's Samsung Electronics is being sued by his elder sister as part of a growing feud over the vast family inheritance. 
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| Sensex recovers 174 points in early trade Posted: 27 Feb 2012 08:18 PM PST The 30-share Sensex, which had lost over 977 points in the past four sessions, recovered by 174.27 points, or 1 per cent, to 17,620.02. 
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| Essar puts projects worth $3bn on hold Posted: 27 Feb 2012 02:32 PM PST Ruias-owned Essar Energy Plc has decided to put $3.1 billion worth of power projects, totalling 2,970 mega watts (MW), on hold as it struggles to get various approvals related to coal sourcing, environment and land acquisition. 
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| BP wants KG gas price to rise 3 times Posted: 27 Feb 2012 02:26 PM PST BP Plc, formerly British Petroleum, said that gas it produces jointly with Reliance Industries from the Andhra offshore field be priced three times its present rate that was set by the government in 2007 for five years. 
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| Panel backs rail revamp fee on passengers Posted: 27 Feb 2012 02:23 PM PST A panel has suggested that the railways should impose a modernization fee on passengers and sell off its stake in rail PSUs to raise part of the Rs 8.39 lakh crore needed to upgrade its infrastructure. 
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| Posted: 27 Feb 2012 02:04 PM PST State Bank of India (SBI) has cut interest rates by one percentage point to 13.25% for loans under its 'student scheme' for amounts between Rs 4 lakh and Rs 7.5 lakh. 
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| Fund demand by banks at all-time high Posted: 27 Feb 2012 02:02 PM PST Banks' short term demand for funds from the Reserve Bank of India through the repo window of its liquidity adjustment facility (LAF) jumped to an all-time peak at Rs 1.79 lakh crore on Monday. 
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| Sensex dives 478 points, steepest fall in 5 months Posted: 27 Feb 2012 01:55 PM PST A host of local and global factors combined to pull the sensex down by 478 points to 17,446 on Monday, its biggest single-day fall in over five months, on a day when most global markets also remained weak. 
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| Telenor, Unitech move Company Law Board Posted: 27 Feb 2012 01:50 PM PST The fight between Unitech and Telenor, joint venture partners in a telecom business, has intensified with both players approaching the Company Law Board (CLB) seeking to restrain each other's moves. 
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| Bajaj recalls Pulsar220 to fix faulty part Posted: 27 Feb 2012 01:49 PM PST Bajaj Auto is recalling its flagship Pulsar 220cc DTS-i motorcycle to fix a faulty part that could lead to starting problems. 
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| Higher depreciation sop in offing Posted: 27 Feb 2012 01:39 PM PST Amid sagging investment in the economy, the government is weighing the option of offering higher depreciation to companies to boost asset creation. The finance ministry has held detailed consultations on the issue and may announce the move in the Budget. 
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| G20 to Europe: Show us the money Posted: 27 Feb 2012 05:07 AM PST Leading economies told Europe it must put up extra money to fight its debt crisis if it wants more help from the rest of the world, piling pressure on Germany to drop its opposition to a bigger European bailout fund. 
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| 3 Indian entities in world's top 100 arms units Posted: 27 Feb 2012 04:25 AM PST Two Indian companies - Hindustan Aeronautics Limited (HAL) and Bharat Electronics (BEL) - and one entity - the Ordnance Factories Board (OFB) - figure in the top 100 list of arms manufacturers released by disarmament watchdog SIPRI for 2010. 
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| SBI cuts education loan rates by up to 1% Posted: 27 Feb 2012 04:22 AM PST  The country's largest lender State Bank of India (SBI) today reduced interest rates on education loans by up to 1 percentage point across various segments, a move likely to be followed by other lenders.
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| World Bank: China's economy at 'turning point' Posted: 27 Feb 2012 04:19 AM PST China's economy, which has grown at a breakneck double digit rate for almost three decades now, is on its course to slow down and may drop to a growth rate of five per cent in the coming years, the World Bank has said, suggesting structural reforms for the giant. 
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| HSBC upbeat on Asia as profit hits $22 billion Posted: 27 Feb 2012 04:17 AM PST HSBC Holdings Plc, Europe's biggest bank, predicted growth in Asia and other emerging markets would outweigh sluggish European economies this year as it posted a $21.9 billion profit for 2011, the best outturn by a western bank so far. 
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| Yen hits 9-month low vs dollar, euro holds firm Posted: 27 Feb 2012 01:42 AM PST The Japanese yen slid to a nine-month low against the dollar on Monday, helped by the break of a key chart level, while the euro dipped but stayed close to recent highs ahead of a fresh injection of liquidity by the European Central Bank. 
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| Kingfisher organises funds to pay staff Posted: 27 Feb 2012 01:34 AM PST "I have organised funding so that we can pay your seriously overdue salaries which is a source of great personal sorrow for me," Mallya said. 
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| HSBC annual net profit jumps 28% to $16.8 billion Posted: 27 Feb 2012 12:43 AM PST Europe's biggest bank HSBC announced on Monday that the group's net profits jumped by 28% to $16.8 billion (12.5 billion euros) in 2011 compared with the previous year. 
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| Kingfisher in talks on rescue package Posted: 26 Feb 2012 11:50 PM PST Kingfisher Airlines is talking with two foreign carriers about a potential rescue package that could be announced within days 
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| Posted: 26 Feb 2012 10:46 PM PST The rupee fell by 12 paise to 49.05 against the US currency in late morning trade due to month-end dollar demand from importers. 
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| China calls for steps on eurozone crisis Posted: 26 Feb 2012 10:16 PM PST China on Monday called for steps to address the eurozone debt crisis, high oil prices and volatile capital flows, adding that group of 20 nations should focus on ensuring a global economic recovery and financial market stability. 
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