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21 May 2013

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Chavan.— the government's strategy to promote savings despite runaway prices will make its debut next month with several limitations which might reduce its attractiveness for retail investors. In a conference call on Monday to familiarize market participants with features of the new instrument,announced that it would come out with the first issue of inflation-indexed bonds (IIBs) on June 4, 2013, ...
Source : Times Of India | 8 Hour(s) AgoCategory : Business
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Chavan.Gold and silver lost some more sheen on Monday. The price of the yellow metal fell by Rs 300, touching a 21-month low of Rs 26,370 per 10 gram.NEW DELHI: Gold and silver lost some more sheen on Monday. While the price of thefell by Rs 300, touching a 21-month low of Rs 26,370 per 10 gram, silver declined by Rs 1,530 to Rs 42,170 per kg in the capital - a level that was last seen in November...
Source : Times Of India | 8 Hour(s) AgoCategory : Business
Budget carrier IndiGo Airlines has clocked the highest market share of 29.8 per cent in air traffic in April.In March, the airline had captured 27.4 per cent of the domestic passenger market.According to data compiled by the civil aviation ministry, the low-cost carrier regained the top spot with an 83.8 per cent passenger load factor during the month.The passenger load factor (PLF) is a measure o...
Source : Telegraphindia | 9 Hour(s) AgoCategory : Business
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plans to arm Sebi with powers to carry out search and seizure operations and attach assets so that it can book the perpetrators of Ponzi schemes and stop other fraudulent activities.The regulator will also have the powers to seek information such as telephone call data records while investigating any securities transaction.The proposals are at an advanced stage and will be placed before the cabine...
Source : Telegraphindia | 9 Hour(s) AgoCategory : Business
Standard Chartered India has agreed to acquire the private wealth management business of Morgan Stanley India for an undisclosed sum. The deal is subject to regulatory approvals.“Standard Chartered India has agreed to acquire Morgan Stanley’s onshore private wealth management business here. The acquisition complements our existing private banking onshore business and will significantly increase ou...
Source : Telegraphindia | 9 Hour(s) AgoCategory : Business
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rupee today fell to a nearly five-month low of 55.11 by losing 23 paise on sustained dollar demand from oil importers and concerns over a possible rating downgrade by SP. Forex dealers said weakness in local equities and a firm dollar overseas against other currencies weighed on the rupee.Close on the heels of a parliamentary panel slamming SAIL for delays in modernisation, especially at its IISCO...
Source : Telegraphindia | 9 Hour(s) AgoCategory : Business
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Ambani with China Development Bank chairman Hu Huaibang in New Delhi on Monday. Picture by Ramakant KushwahaIndia and China aim to increase bilateral trade to $100 billion by 2015 and have agreed to take steps to reduce the imbalance through greater co-operation in areas such as pharmaceuticals and IT.“While striving to realise the trade turnover target of $100 billion by 2015, the two countries a...
Source : Telegraphindia | 9 Hour(s) AgoCategory : Business
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Sistema Shyam Teleservices Ltd, which offers CDMA services under the MTS brand, today said it would engage in talks with smartphone makers such as Samsung and Micromax to source handsets to expand its data customer base.The company earns a sizeable portion of its revenues from data services and has 1.5 lakh data customers against 3 million voice subscribers in Calcutta and Bengal.The company today...
Source : Telegraphindia | 9 Hour(s) AgoCategory : Business
cabinet will soon take up an oil ministry proposal to raise the price of natural gas to about $6.7 per million British thermal unit (mBtu) from $4.2 per mBtu now.Though the new proposal is lower than the $8-$8.5 per mBtu that was expected, it is likely to impact power and fertiliser units, leading to a higher tariff and increased subsidy burden.In a note to the cabinet committee on economic affair...
Source : Telegraphindia | 9 Hour(s) AgoCategory : Business
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set for a flat start after Wall Street eased on concerns about the Federal Reserve's stimulus plans but European shares gained strongly, with London's FTSE100 hitting a 13-year high.On the ASX24, the SPI futures contract was 7 points higher at 5227. The Aussie dollar has continued climbing. It was recently trading at 98.07 US cents, up from about 97.8 US cents in late trade yesterday. It was also ...
Source : Sydney Morning Herald | 9 Hour(s) AgoCategory : Business
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Rany Moran is the kind of high-spending customer that Europe's luxury fashion brands are looking to court.The Indonesian businesswoman based in Singapore runs a television station, manages her family's property development business and has a social calendar that demands a large wardrobe full of designer ballgowns and smart Dior suits."There is always an expectation that you wear something new and ...
Source : BBC | 9 Hour(s) AgoCategory : Business
ALEX BRUMMER: Cutting loose Royal Mail - should the Government ensure that it has a golden share?Michael Fallon was injected into the Department of Business as a minister with the aim of providing some steely, private sector values.Among his key aims is to free the Royal Mail (delivery services not the Post Offices) from the shackles of government control and usher it into the private sector.It is...
Source : dailymail | 9 Hour(s) AgoCategory : Business
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