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09 Feb 2010

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Advance estimates of national income growth released today by the Central Statistical Organisation (CSO) project it at 7.2 per cent in 2009-10, pegging it a notch below earlier forecasts of the Reserve Bank of India [] (7.5 per cent) and finance ministry (7.75 per cent). With economic growth back on track the government may initiate a phased withdrawal of the fiscal stimulus package.These growth p...
Rediff | 2 Hour(s) Ago
DELHI: India said on Monday its economy would grow 7.2 per cent this fiscal year, picking up from a six-year low the previous year and underlining expectations that the central bank will raise rates in coming months.It also backed the market view that the government could announce steps to unwind its stimulus measures in the annual 2010/11 budget presentation on Feb. 26 as a recovery in Asia’s thi...
The News | 3 Hour(s) Ago
ongoing financial results announcement season and fundamental change in a couple of leading stocks invited extended buying on the Karachi bourse on Monday. The Oil Gas Development Company played the leading role in achieving moderate gains in this session.The KSE 100-share Index gained 40.25 points or 0.41 per cent and closed at 9,809.98 points. Its junior partner the 30-Index rose by 32.50 point...
The News | 3 Hour(s) Ago
HONG KONG/SHANGHAI: A consortium led by Walt Disney Co is in advanced talks to buy into China’s largest in-bus digital media and advertising company, a deal that could offer the US entertainment giant a new platform to promote Mickey Mouse in China, three sources told Reuters.Google Inc, the world’s No.1 Internet search company, which threatened to quit China last month over censorship and hacking...
The News | 3 Hour(s) Ago
Feb. 8 (Bloomberg) -- Europe needs stricter limits ongreenhouse gases and the power to intervene in carbon markets asits cap-and-trade program fails to encourage investments incleaner energy, U.K. lawmakers said today in a report.Restrictions on factories and utilities in the EuropeanUnion are too lax, depressing carbon prices and underminingincentives for polluters to give up fossil fuels, the U....
The Money Times | 3 Hour(s) Ago
Kingfisher Airlines has ropedin US firm Seabury Aviation and Aerospace to advise on restructuring itsoperations and help the airline boost performance on the back of a revivingdomestic industry.“ Seabury has been hired to come in andassist us in sustaining long-term profitability by further strengthening theoperational and financial performance of the company so that we are well poisedto ride the ...
The Economic Times | 2 Hour(s) Ago
Federal Minister for Production and Industries Mir Hazar Khan Bijarani on Monday said the country was continuously in the grip of low productivity trap, adding that the government had devised a new plan under which many corrective steps would be taken within the next few weeks.“We lag behind in productivity and quality of our products and services as compared to all emerging economies,” the minist...
The News | 3 Hour(s) Ago
Steel maker Jindal Steel Ltd will complete the first phase of its project in West Bengal's Salboni in three years, its managing director Sajjan Jindal said here today."We plan to start work in another six months for the steel project in Salboni, provided we are given adequate security, which the chief minister (Buddhadeb Bhattacharjee) assured me today (Monday). We propose to complete the first ph...
Headlinesindia | 6 Hour(s) Ago
East India Company, whose forces once ruled over much of India, is coming to India again but under Indian ownership this time around, a British newspaper reported today.Indian entrepreneur Sanjiv Mehta, who has bought all the shares in the company, will launch the East India Company's store in the upmarket Mayfair neighbourhood of London in the spring, with plans to open a second by the year-end, ...
Headlinesindia | 6 Hour(s) Ago
directors of India Motor Parts and Accessories (IMPAL) have declared an interim dividend of Rs. 14 for the financial year 2009-10 as compared to Rs.12 paid last year, the record date being February...
Hindu | 6 Hour(s) Ago
Union Minister of Commerce and Industry Anand Sharma (right) with FICCI President Rajan Bharti Mittal (centre) and Ahmed Benhelli, Deputy Secretary General, League of Arab States, at the second India-Arab Investment Projects Conclave in New Delhi on Monday.NEW DELHI: Asserting that India and the countries of the Arab region enjoyed a special relationship, Union Commerce and Industry Minister Anand...
Bignewsnetwork | 6 Hour(s) Ago
Reliance Mediaworks, part of the Reliance Anil Dhirubhahi Ambani Group, has accused Fame India of violating Securities and Exchange Board of India’s takeover norms in selling controlling stake to rival theatre chain Inox Leisure.Last week INOX Leisure had acquired 43.28 per cent stake in Fame India for Rs.66.48 crore and is making an open offer on April 1 to acquire a further 20 per cent stake at ...
Hindu | 6 Hour(s) Ago
 
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