SBI cuts deposit rates by 50 bps |
- SBI cuts deposit rates by 50 bps
- GM may drive in compact SUV, new Spark
- Government set to cap subsidized cylinders
- Abanti to lead Diageo amid talks with Mallya
- Lenders seek revival plans from Mallya
- Axis Bank to waive final year EMIs on 20-year home loans
- Faster reforms can push growth to 9%: Adi Godrej
- RBI has no data of Wal-Mart's Rs 455 cr in Bharti
- Govt reviews tax treaty with Mauritius
- Finance, oil ministries push for fuel price increase
- India reviewing tax treaty with Mauritius: FM
- Rupee hits 3-week low
- Sensex drops 128 points to 1-month low
- Gold sets new record at Rs 31,980
- SBI cuts fixed deposit rates by 0.5-1%
- McDonalds to open more veggie outlets in India
- After Amritsar, McDonalds to open veggie outlets
- Strike in Lufthansa: 300 flights cancelled
- Services sector growth at 6-month high
- Morgan Stanley downgrades Axis Bank
- Sensex down nearly 85 points
- Rupee down 17 paise vs dollar in early trade
- ITC keen to check into Mansingh Hotel
| SBI cuts deposit rates by 50 bps Posted: 05 Sep 2012 05:23 PM PDT The country's largest lender, State Bank of India, has brought down interest rates on term deposits by 50 basis points across maturities - a move that indicates that demand for funds is easing. 
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| GM may drive in compact SUV, new Spark Posted: 05 Sep 2012 05:17 PM PDT The company, which has been struggling in India for quite some time, seems enthused by the high-volume segments and could drive in new products in these categories. 
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| Government set to cap subsidized cylinders Posted: 05 Sep 2012 05:16 PM PDT On kitchen fuels and diesel, the ministry has essentially dusted an old plan to cap the number of subsidized cooking gas cylinders for households. 
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| Abanti to lead Diageo amid talks with Mallya Posted: 05 Sep 2012 05:13 PM PDT Diageo Plc has elevated Abanti Shankaranarayanan as managing director of its India unit amid speculation about the drinks giant buying a significant stake in Vijay Mallya's United Spirits. 
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| Lenders seek revival plans from Mallya Posted: 05 Sep 2012 05:11 PM PDT Lenders to Kingfisher Airlines have expressed disappointment at the airline's promoter Vijay Mallya's inability to attend a meet in Mumbai to apprise them of his plans to get the company back on the rails. 
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| Axis Bank to waive final year EMIs on 20-year home loans Posted: 05 Sep 2012 05:08 PM PDT Axis Bank has introduced a home loan scheme which rewards loyalty by waiving equated monthly installments (EMIs) in the last year of 20-year loans that cross 15 years of regular payments. 
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| Faster reforms can push growth to 9%: Adi Godrej Posted: 05 Sep 2012 05:06 PM PDT Fast tracking implementation of reform measures can help India achieve the 9% growth target, even as the government has slowed down on decision-making due to difficulties with the coalition and the opposition parties, CII president Adi Godrej 
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| RBI has no data of Wal-Mart's Rs 455 cr in Bharti Posted: 05 Sep 2012 05:04 PM PDT US retail giant Wal-Mart Stores Inc has invested Rs 455.8 crore in a subsidiary of Bharti Ventures in 2010 via its Mauritius arm but the RBI has no FDI data of the same, Parliament was informed on Wednesday. 
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| Govt reviews tax treaty with Mauritius Posted: 05 Sep 2012 04:56 PM PDT Finance minister P Chidambaram on Wednesday said the government is reviewing the tax treaty with Mauritius to prevent its abuse. 
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| Finance, oil ministries push for fuel price increase Posted: 05 Sep 2012 07:01 AM PDT The finance and oil ministries are lobbying for an increase in prices of diesel, kerosene and LPG, warning cabinet colleagues that time is running out to avert a fiscal disaster and a sovereign credit downgrade to junk by global ratings agencies. 
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| India reviewing tax treaty with Mauritius: FM Posted: 05 Sep 2012 06:56 AM PDT The government today said it is reviewing the tax treaty with Mauritius to prevent misuse and to strengthen tax information exchange mechanism between the two nations. 
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| Posted: 05 Sep 2012 05:41 AM PDT The rupee dipped to its lowest level in three weeks on Wednesday, weighed down by losses in domestic stocks and the euro, on skepticism about the European Central Bank's ability to unveil a concrete plan to help debt-laden euro zone economies. 
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| Sensex drops 128 points to 1-month low Posted: 05 Sep 2012 04:29 AM PDT The Sensex on Wednesday shed 128 points as heavy selling in ICICI Bank, L&T and RIL dragged the index to one-month low levels, amid an insipid trend in global markets ahead of a crucial ECB meeting tomorrow. 
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| Gold sets new record at Rs 31,980 Posted: 05 Sep 2012 03:19 AM PDT Continuing its upward swing, gold on Wednesday surged to a new all-time high of Rs 31,980 per 10 grams in the national capital on sustained buying by stockists amid a firming global trend. 
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| SBI cuts fixed deposit rates by 0.5-1% Posted: 05 Sep 2012 02:06 AM PDT Country's largest bank SBI on Wednesday announced reduction in interest rate on fixed deposits by 0.5 per cent for most of the maturity periods, a move likely to be followed by other lenders. 
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| McDonalds to open more veggie outlets in India Posted: 05 Sep 2012 12:30 AM PDT McDonald's Corp., the fast food chain that brought the hamburger to the world, is opening what may be its first vegetarian-only restaurants. 
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| After Amritsar, McDonalds to open veggie outlets Posted: 05 Sep 2012 12:30 AM PDT McDonald's Corp., the fast food chain that brought the hamburger to the world, is opening what may be its first vegetarian-only restaurants. 
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| Strike in Lufthansa: 300 flights cancelled Posted: 05 Sep 2012 12:20 AM PDT Germany's largest air carrier Lufthansa had to cancel about 300 flights Tuesday as its flight attendants went on strike in the country's major airports, the company said. 
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| Services sector growth at 6-month high Posted: 04 Sep 2012 10:32 PM PDT Indian private sector services business expanded at the fastest pace in six months in August, driven by the strongest growth in new business since February and increasing optimism about the future, a survey showed on Wednesday. 
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| Morgan Stanley downgrades Axis Bank Posted: 04 Sep 2012 10:17 PM PDT Morgan Stanley downgraded Axis Bank to "underweight" from "equal weight" and cut its target price on the stock to 800 rupees from 900 rupees, citing rising impairments. 
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| Posted: 04 Sep 2012 09:32 PM PDT The BSE benchmark Sensex on Wednesday declined by nearly 85 points in early trade as participants booked profits amid a weak trend overseas. 
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| Rupee down 17 paise vs dollar in early trade Posted: 04 Sep 2012 09:30 PM PDT The rupee on Wednesday depreciated by 17 paise to Rs 55.83 against the US dollar in early trade at the Interbank Foreign Exchange market, due to strengthening of the American currency overseas. 
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| ITC keen to check into Mansingh Hotel Posted: 04 Sep 2012 09:12 PM PDT ITC Hotels, the country's second-largest hospitality chain, is keen to bid for the property that houses the iconic Taj Mahal Hotel in Lutyens' Delhi if it is auctioned. This will pit ITC against Tata Group's Indian Hotels Company as well as other domestic and overseas companies in a high-stakes auction. 
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