US asking India to 'wean' from Iranian crude |
- US asking India to 'wean' from Iranian crude
- Reddy first minister to visit KG field
- Essar Oil to convert $280m FCCBs into equity
- Lenders okay Rs 18k cr AI debt recast
- Panel moots Rs 5k cr railway safety cess
- Centre seeks recall of Vodafone verdict
- World stocks rise on Greek bailout optimism
- Essar Oil posts net loss of Rs 39.86bn
- Rupee off highs on importer demand
- Sensex spurts 135 pts on firm global cues
- Centre asks for review of Vodafone tax ruling
- Centre asks for review of Vodafone tax ruling
- Sensex logs 7th consecutive weekly rise
- Crude oil rises to near $103 per barrel
- Rupee off highs on importer demand
- GM: Record $7.6 bn profit in 2011
| US asking India to 'wean' from Iranian crude Posted: 17 Feb 2012 08:29 PM PST As the US imposed new sanctions against Iran, Washington said it was talking to India, Pakistan, Russia, and China about what they can do, particularly to wean themselves from Iranian crude. 
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| Reddy first minister to visit KG field Posted: 17 Feb 2012 02:16 PM PST Oil minister S Jaipal Reddy is scheduled to visit Reliance Industries Ltd's mid-sea facilities for pumping gas from the Andhra offshore field in Bay of Bengal. 
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| Essar Oil to convert $280m FCCBs into equity Posted: 17 Feb 2012 02:02 PM PST The Ruia's UK-based holding company Essar Oil will convert $280 million worth of foreign currency convertible bonds (FCCB) into equity in its debt-laden Indian arm Essar Oil. 
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| Lenders okay Rs 18k cr AI debt recast Posted: 17 Feb 2012 01:58 PM PST Lenders of cash-strapped Air India (AI) on Friday approved its corporate debt-restructuring plan worth Rs 18,000 crore and decided to provide a fresh cash credit of Rs 2,200 crore. 
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| Panel moots Rs 5k cr railway safety cess Posted: 17 Feb 2012 01:54 PM PST Ahead of the Rail Budget, a committee has proposed a fresh levy on train passengers to finance the safety requirements. 
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| Centre seeks recall of Vodafone verdict Posted: 17 Feb 2012 01:50 PM PST Within a month of the Supreme Court quashing the income tax department's Rs 11,000 crore capital gains tax demand on Vodafone, the government on Friday moved the apex court seeking total recall of the judgment, terming it 'erroneous' as well as 'contradictory'. 
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| World stocks rise on Greek bailout optimism Posted: 17 Feb 2012 08:46 AM PST World stocks hit a 6-1/2-month peak and the euro rallied on Friday as hopes that Greece will seal a long-awaited bailout deal next week fuelled risk appetite. 
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| Essar Oil posts net loss of Rs 39.86bn Posted: 17 Feb 2012 08:44 AM PST Essar Oil(ESRO.NS), the second biggest Indian client of Iranian oil, will continue to buy 100,000 barrels per day from the Islamic country in the next fiscal year starting April 1 for its Vadinar refinery in the western state of Gujarat, Chief Executive L.K. Gupta said. 
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| Rupee off highs on importer demand Posted: 17 Feb 2012 04:54 AM PST The rupee climbed down from the day's high in afternoon trade on Friday as comfort from gains in local equities and strong dollar inflows on improved risk appetite was offset by persistent greenback purchases from oil importers. 
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| Sensex spurts 135 pts on firm global cues Posted: 17 Feb 2012 04:47 AM PST After slight correction in the previous session, the BSE Sensex spurted again today - up 135 points at 18,289.35 - on sustained FII inflows amid firm advices from overseas markets on renewed hopes of US growth and resolution of euro-zone debt troubles. 
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| Centre asks for review of Vodafone tax ruling Posted: 17 Feb 2012 03:07 AM PST The Union government filed a request on Friday for a review of a Supreme Court ruling dismissing a $2.2-billion tax bill imposed on British phone giant Vodafone. 
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| Centre asks for review of Vodafone tax ruling Posted: 17 Feb 2012 03:07 AM PST The Union government filed a request on Friday for a review of a Supreme Court ruling dismissing a $2.2-billion tax bill imposed on British phone giant Vodafone. 
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| Sensex logs 7th consecutive weekly rise Posted: 17 Feb 2012 03:00 AM PST The BSE Sensex rose 0.8 percent on Friday to record its seventh straight weekly rise, its best run in nearly two years, bolstered by strong foreign fund inflows amid growing concerns the market has run up too fast in a short span of time. 
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| Crude oil rises to near $103 per barrel Posted: 17 Feb 2012 01:06 AM PST Oil rose to near $103 a barrel in Asia as signs of an improving US economy fueled investor optimism and a global stock market rally. 
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| Rupee off highs on importer demand Posted: 17 Feb 2012 12:57 AM PST The Indian rupee climbed down from the day's high in afternoon trade on Friday as comfort from gains in local equities and strong dollar inflows on improved risk appetite was offset by persistent greenback purchases from oil importers. 
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| GM: Record $7.6 bn profit in 2011 Posted: 16 Feb 2012 11:25 PM PST US automobile major General Motors earned a record 7.6 billion dollar profit last year, the highest profit in the company's 103-year history. 
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