State Bank of India Shares Decline as Bad Loans Increase February 13, 2012 18:45
State Bank of India, the nation’s largest lender, dropped in Mumbai trading as bad loans expanded and capital buffers shrank in the third quarter. Net income climbed 15 percent to a record 32.6 billion rupees…
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Power Ministry asks NTPC to speed up coal production February 13, 2012 18:21
The government today directed NTPC to commence production from five mines re-allocated to the state-run firm by the Coal Ministry expeditiously as these assets were earlier taken away over the PSU's failure to develop them.…
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TCS wins special award in France February 11, 2012 16:54
Leading IT firm, Tata Consultancy Services (TCS) on Friday announced that the Greater Paris Investment Agency (GPIA) had conferred on TCS the “Prix spécial de l'innovation de Paris-Ile de France Capitale Economique 2011”. Valérie Pécresse,…
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New Zealand firm to manage Indian enterprises' data with CMC February 11, 2012 16:43
New Zealand-based data management solutions' provider Pingar has tied up with CMC Ltd to manage unstructured data of enterprise clients for improving the quality of business process and content management programmes. As part of the…
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Car sales may decline for first time in nine years: SIAM February 10, 2012 12:27
According to the figures released by SIAM, domestic passenger car sales had declined by 1.19 per cent to 15, 74,847 units during April-January this fiscal as against 15, 93,850 units in the year-ago period. According…
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SEBI moves against illegal collective investment schemes February 09, 2012 12:12
SEBI said it would share with the ministry of corporate affairs the names of the directors of the companies that have raised money from investors in violation of Collective Investment Scheme (CIS) Rules. Securities and…
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All should be allowed to bid in 2G auction: Bharti Airtel February 08, 2012 17:54
Under a fair market mechanism, all players should be given equal opportunity to participate when a 2G auction takes place, leading telecom firm Bharti Airtel said Wednesday. "We are believers of the market mechanism where…
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Car sales grew 7.2 percent in January February 08, 2012 17:30
Car makers started 2012 on a positive note, with sales up 7.2 percent in January -- the third consecutive month of gains after a lacklustre 2011, according to data released by an industry body Wednesday.…
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Kobelco cranes begins production February 07, 2012 17:51
Kobelco Cranes India Private Limited (KCI), part of the Japan-based Kobelco Cranes, has commenced commercial production of its hydraulic crawler crane manufacturing plant in India at its new facility in Sri City at TADA in…
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Q3 results beat market expectations February 06, 2012 10:01
Third week into the current results season, most of the top companies in India have surprised analysts and investors with better-than-expected results for the quarter ended December 2011. On an aggregate basis, of the 75…
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Maruti trying to reduce waiting period February 04, 2012 11:27
India's top car maker Maruti Suzuki India Limited said it is trying to reduce the waiting period for the diesel based cars for which demands are increasing rapidly. The leading company in India has major…
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Facebook ventures into stock market; seeks to raise $ 5 bn February 02, 2012 16:35
Seeking to raise USD 5 billion, giant social networking site Facebook has filed for its long awaited initial public offering. The IPO of the social network site, having over 800 million active users, is expected…
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