Oil hovers above $102 amid uneven US recovery |
- Oil hovers above $102 amid uneven US recovery
- Trading in shares of Air China suspended
- ICICI Bank, PNB cut lending rates
- Govt must focus on reforms: Godrej
- Airlines can borrow up to $300m via ECB route
- US existing home sales fall 2.6% in March
- Business class travel to grow: IATA
- Gems, jewellery exports decline by 17.69% in March
- Gems, jewellery exports decline by 17.69% in March
- Sensex up 111 pts on firm global markets
- Mahindra Satyam to invest $240 mn globally
- ICICI Bank cuts lending rates by 0.25%
- Exports grow 21% at $303.7bn
- PNB cuts lending rate by 0.25%
- Rupee down 12 paise against dollar
- Sensex gains 53 points in early trade
| Oil hovers above $102 amid uneven US recovery Posted: 19 Apr 2012 08:50 PM PDT Oil prices hovered above $102 a barrel on Friday in Asia amid signs the US economic recovery remains uneven. 
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| Trading in shares of Air China suspended Posted: 19 Apr 2012 06:20 PM PDT Trading in shares of Air China in Hong Kong will be suspended on Friday pending a statement on price sensitive information in relation to a potential non-public offering of shares. 
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| ICICI Bank, PNB cut lending rates Posted: 19 Apr 2012 05:52 PM PDT ICICI Bank and Punjab National Bank (PNB) on Thursday reduced lending rates by lowering their benchmark rates by 25 basis points. The move comes a day after public sector IDBI Bank reduced its lending and deposit rates. 
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| Govt must focus on reforms: Godrej Posted: 19 Apr 2012 05:29 PM PDT The government needs to focus on economic reforms and delivering good governance to get growth back on track, Adi Godrej, chairman of the Godrej group said on Thursday. 
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| Airlines can borrow up to $300m via ECB route Posted: 19 Apr 2012 05:26 PM PDT The finance ministry on Thursday announced policy changes for the airline industry, allowing them to raise additional low-cost capital through external commercial borrowings (ECBs). 
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| US existing home sales fall 2.6% in March Posted: 19 Apr 2012 07:18 AM PDT US home resales fell in March but the supply of properties on the market tightened and prices inched higher, giving mixed signals about the pace of recovery in the still-struggling housing sector. 
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| Business class travel to grow: IATA Posted: 19 Apr 2012 05:38 AM PDT For airlines, increase in business travel is a welcome news and February was again a good month in that regard for airlines across the globe. 
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| Gems, jewellery exports decline by 17.69% in March Posted: 19 Apr 2012 04:51 AM PDT Gems and jewellery exports dipped by 17.69% in March to Rs 22,755.81 crore due to 2% import duty on polished diamonds, the Gems and Jewellery Export Promotion Council said. 
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| Gems, jewellery exports decline by 17.69% in March Posted: 19 Apr 2012 04:51 AM PDT Gems and jewellery exports dipped by 17.69% in March to Rs 22,755.81 crore due to 2% import duty on polished diamonds, the Gems and Jewellery Export Promotion Council said. 
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| Sensex up 111 pts on firm global markets Posted: 19 Apr 2012 04:30 AM PDT The BSE benchmark Sensex gained for the fourth straight day today, up 111 points, led by the auto sector amid a firm trend in global markets. 
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| Mahindra Satyam to invest $240 mn globally Posted: 19 Apr 2012 03:13 AM PDT Investments will be for facilities outside India and not involve any merger and acquisition or joint ventures, Mahindra Satyam CEO C P Gurnani said. 
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| ICICI Bank cuts lending rates by 0.25% Posted: 19 Apr 2012 02:43 AM PDT The country's largest private sector lender ICICI Bank on Thursday became the first major bank to cut its lending and deposit rates by 0.25 percent following the Reserve Bank cutting interest rates by 0.50 percent two days ago. 
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| Posted: 19 Apr 2012 12:37 AM PDT Country's exports grew by 21 per cent to USD 303.7 billion in 2011-12 over the previous fiscal, while imports shot up by 32.1 per cent. 
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| PNB cuts lending rate by 0.25% Posted: 19 Apr 2012 12:29 AM PDT Country's second largest public sector bank PNB on Thursday announced cut in lending rate by 0.25 per cent, a move that will make housing and corporate loans cheaper. 
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| Rupee down 12 paise against dollar Posted: 18 Apr 2012 09:35 PM PDT The rupee depreciated by 12 paise to Rs 51.90 against the American currency on the Interbank Foreign Exchange in early trade on Thursday, weighed down by dollar's gains against other currencies overseas. 
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| Sensex gains 53 points in early trade Posted: 18 Apr 2012 09:11 PM PDT Extending gains for the fourth straight session, the BSE benchmark Sensex rose by another 53 points in early trade on Thursday on sustained buying by funds and retail investors. 
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